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Category: Trade (Page 3 of 19)

A hostile American reopens old wounds

September 10, 2026 /

At times he even intimates violence, as in a recent Truth Social post depicting himself and Mr. Carney in hockey gear, with Mr. Trump standing over a fallen Mr. Carney as though he has just body-checked the Canadian leader.

“I think it’s actually impossible to find a period where things were as bad,” said Robert Bothwell, a professor emeritus at the University of Toronto’s Munk School of Global Affairs who specializes in U.S.-Canada relations. “There’s never been an occasion, ever, where an American president has said the annexation of Canada was his objective.”

NY Times: A Hostile Trump Reopens Old Wounds in the U.S.-Canada Relationship (Archive)

CIBC commits $2-billion to help finance defence-related companies

September 10, 2026 /

The Canadian Imperial Bank of Commerce (CIBC) is committing C$2-billion over five years for small and medium-sized defence-related and dual-use businesses in Canada.

While the tightly regulated banking sector has typically shied away from lending to riskier small and medium-sized defence companies, that approach has been changing alongside the federal government’s efforts to diversify away from dependence on the U.S. Some of Canada’s biggest banks have been ramping up efforts to expand services to the burgeoning sector.

The businesses eligible for CIBC’s program range across sectors deemed critical to Canada’s economy, including infrastructure, energy, cybersecurity, digital capabilities, and advanced technologies.

Stefanie Marotta writing in the Globe & Mail: CIBC commits $2-billion to help finance defence-related companies

Les Affaires: La Banque CIBC annonce un engagement de 2 milliards de dollars pour contribuer au développement des entreprises canadiennes du secteur de la défense et à double usage

Canada and Ukraine to scale up drone production

September 10, 2026 /

From the Prime Minister’s News Release:

“To accelerate Canada’s own production capabilities, Prime Minister Carney today announced the creation of the Defence Drone Initiative Marketplace (DDIM) Supply Arrangement. This national digital drone marketplace will connect operators and end-users to this Canadian defence ecosystem – accelerating the discovery, acquisition, and fielding of uncrewed and counter-uncrewed capabilities. This system, modelled after Ukraine’s world-leading Brave1, will ensure the reliable, rapid, and continuous supply of drones for the Canadian Armed Forces and the Canadian Coast Guard. Canada’s Allies and partners will have privileged access to nearly 400 trusted Canadian suppliers.

Canada has awarded initial contracts worth up to $50 million that will increase the number of drones currently deployed by the Canadian Armed Forces tenfold.

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Canada and Ukraine are deepening ties, signing of a 100-year partnership

September 10, 2026 /

Joint statement by Prime Minister Carney and President Zelenskyy:

The Prime Minister of Canada, Mark Carney, and the President of Ukraine, Volodymyr Zelenskyy, met in Calgary on September 10, 2026, and signed the 100 Year Partnership Declaration, setting out their intention to elevate the relationship between their countries into a Comprehensive Strategic Partnership, and confirming their aligned nature.

[…]

Meeting at a moment of global rupture, the leaders reaffirmed their intention to build a new order founded on trust, rooted in shared values, and underpinned by the strength and determination to uphold them. They remain determined to restore a comprehensive, just and lasting peace — one that is based on respect for Ukraine’s sovereignty and territorial integrity within its internationally recognized borders, including its territorial sea. There can be no decisions about Ukraine without Ukraine.

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Why does Trump hate Canada so much?

September 10, 2026 /

Tom Nichols, The Atlantic:

Even by the standards of Trump’s many fixations, his obsession with Canada has become not only weird but truly destructive. He has opened a giant political and economic rift with one of America’s biggest trading partners, a sister nation, and an ally in the common defence of North America and Europe. Why does Trump hate Canada so much?

We can only speculate about what goes on in the president’s head, but his actions suggest a pattern. When Trump is frustrated about something he can’t control, he lashes out at friends harder than he does enemies.

The Atlantic: Why Trump Has It Out for Canada (Archived)

‘It may be months’ before Ottawa returns to the negotiating table

September 9, 2026 /

“In any trade negotiation, there comes a point when countries articulate their red lines and hold firm to them. Canada has reached that point in these discussions, and the conditions – in my experience, because I’m not at the table – for resuming productive and fruitful talks will require the United States to have a full understanding, appreciation and respect for those red lines.”

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New $1.4-billion RBCx Growth Fund will focus on Canada’s greatest strengths

September 9, 2026 /

Royal Bank of Canada (RBC) is launching a $1.4-billion fund aimed at investing in Canadian technology companies that the lender believes could grow into “global powerhouses.”

The country’s largest lender said the RBCx Growth Fund will focus on sectors where it believes the country’s greatest strengths lie, as a way to help Canadian entrepreneurs grow their businesses in Canada.

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Trump’s latest trade moves would have minor impact on Saskatchewan

September 9, 2026 /

Saskatchewan Premier Scott Moe says the U.S. president’s tariffs remain on some key Saskatchewan exports, including honey and wooden furniture, but Trump;s executive orders signed Tuesday would drop tariffs on other exports, like road salt.

Trump’s orders are set to take effect later this month and would also ban imports of certain Canadian goods, including motorcycles, some dairy products, and alcoholic beverages.

Premier Moe says even with the new executive orders, about 94% of Saskatchewan’s exports remain tariff free.

The Canadian Press: Latest U.S. trade move would have minor impact on Saskatchewan: Moe

Alberta Premier Smith vacation in the U.S as we fight a trade war with them

September 9, 2026 /

Gillian Steward, writing in the Toronto Star:

What Canadian politician would vacation in the U.S right now, just as we are locked into an ugly trade war with our southern neighbour?

Alberta Premier Danielle Smith, of course.

Last week she travelled to Tennessee, Nashville in particular, for a vacation and to glean tips on how Calgary can become Nashville North, a country music hub that attracts people from around the world, just like the Calgary Stampede.

Mixing business and pleasure, she met with some officials in the tourism department as well as the head of the Nashville Chamber of Commerce. It seems like an odd choice of issues to focus on with less than two months until the Alberta separation referendum.

Toronto Star: Why would Danielle Smith vacation in the U.S as we fight a trade war with the U.S.? (Archived)

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