The federal budget contains this comically vague paragraph that, as far as I can tell, effectively promises the oil and gas emissions cap will be scrapped

Canada's deficit is pegged at C$78.3 billion for the fiscal year that ends in March, representing 2.5% of gross domestic product. That’s roughly in line with the median estimate in a Bloomberg survey of economists via @brianplatt.bsky.social @erikhertzberg.bsky.social in Ottawa

(Bloomberg) -- Canada is set to rack up larger deficits under Mark Carney, who used his first budget as prime minister to inject tens of billions of dollars into defense, housing and major projects intended to help the country increase exports to overseas markets. Deficit this year: $78.3 billion

That was an amazing Jays season. A roster filled with guys who could not be easier to root for. They deserved better. Let’s get it next year

This is just an unbelievable World Series. Everything that can happen has happened

Mark Carney confirmed he apologized to Trump for the Ontario TV ad. "It's not something I would've done...So I apologized to him. I'm the one who is responsible, in my role as prime minister, for the relationship with the president of the United States."

Mark Carney after his meeting with Chinese President Xi: "This meeting today is long overdue...We now have a turning point in the relationship, a turning point that creates opportunities for Cdn families, for Cdn businesses and Cdn workers, and also creates a path to address current issues."

(Bloomberg) -- US President Donald Trump said he had an “amazing meeting” with Chinese President Xi Jinping and would reduce fentanyl tariffs from 20% to 10% effective immediately.

In other news: Carney confirmed he plans to meet with Chinese President Xi Jinping later this week at the APEC summit in Korea. www.bloomberg.com/news/article...

Trump today, when asked about meeting Carney at APEC: “I don’t want to meet with him. No, I’m not going to be meeting with them for a while. I’m very happy with the deal we have right now with Canada. We’re going to let it ride.” www.bloomberg.com/news/article...

Mark Carney, speaking before the start of a lengthy trip to Asia, said Canada can’t control US trade policy but is ready to negotiate any time. Said for now, he is focused on seeking new partnerships overseas and preparing the federal budget.

A delayed reaction from vacation in Europe, where I turned my phone off and watched the game this morning: WOW!!

Unfortunate inning, but the Jays could also try scoring some runs on this middling starter on short rest

They win the series with a classic 2025 Jays game: - No homers but hardly any strikeouts - The stars play well, depth guys come up huge - Bullpen shaky at times but gets it done - Solid defence, offence capitalizes on a brutal error Yes!!

(Bloomberg) — President Donald Trump said he expects the US and Canada can eventually reach a trade deal, but he remained vague about how and when an agreement might be achieved. www.bloomberg.com/news/article...

(Bloomberg) -- Prime Minister Mark Carney plans to change when Canada releases major fiscal documents, moving the country’s federal budget to the fall on an ongoing basis.

Just announced: Mark Carney will meet with Donald Trump in Washington on Tuesday for a "working visit." It's their third in-person meeting, after they met in June at G7 summit and in May at White House.

Alberta announces it will spearhead an effort to build a new oil pipeline to the Pacific coast by applying to Prime Minister Mark Carney's new Major Projects Office

I’m ready for October baseball

That’ll do, Kirky

Canada’s population growth has stalled for two quarters now, after massive increases in the post-Covid years

Health Canada statement issued last night: "Acetaminophen is a recommended treatment of pain or fever in pregnancy when used as directed. It should be used at the lowest effective dose for the shortest duration needed. Untreated fever and pain in pregnant women can pose risks to the unborn child."

Mark Carney is flying to Mexico City today to meet with Claudia Sheinbaum, as the two leaders aim to bolster their relationship ahead of the USMCA review www.bloomberg.com/news/article...

As expected, the Bank of Canada cuts interest rates by 25 basis points. The benchmark rate is down to 2.5% now.

Mark Carney's first budget as prime minister will be released Nov. 4, Finance Minister FP Champagne just announced in question period.

Bloomberg Businessweek on the children's TV juggernaut that is Ms Rachel www.bloomberg.com/news/feature...

Arctic nations are racing to build heavy icebreakers as they compete for military and economic influence in the region. A long feature by colleague @daniellebochove.bsky.social: www.bloomberg.com/news/feature...

Canada's inflation came in below expectations in August, clearing the way for the Bank of Canada to resume cutting interest rates tomorrow www.bloomberg.com/news/article...

Jays win, Yankees lose. I’ve seen enough. 👋

Churchill Port expansion is included in the list of items the Major Projects Office will work on developing into a workable proposal. Here is the section in Carney’s speech on that:

Prime Minister Carney wants to expedite construction of LNG Canada phase 2, a megaproject on the west coast, @brianplatt.bsky.social reports. Carney is about to speak:

Speaking at a Liberal caucus retreat in Edmonton, Mark Carney says the first tranche of major projects will be announced tomorrow. These are projects the government will aim to speed through regulatory approvals within 2 years.

🚨 Mega deal news 🚨 Anglo American Plc is nearing a deal to acquire Canada's Teck Resources. A combination would rank among the biggest ever in the mining industry:

Scoop from Bloomberg colleagues on a move to purchase a major Canadian mining firm: (Bloomberg) -- Anglo American Plc is nearing a deal to acquire Canadian miner Teck Resources Ltd., people with knowledge of the matter said. www.bloomberg.com/news/article...

(Bloomberg) -- The Canadian economy surprisingly shed jobs for a second consecutive month as the unemployment rate jumped, increasing the likelihood of an interest rate cut from the Bank of Canada this month. Jobs down 65.5K in August; jobless rate rises to 7.1%

NEW: Canada’s government will delay its EV sales mandate as it launches a review to make sure it won’t burden automakers. The federal mandate was set to begin in 2026 but that’s on hold, at least temporarily. www.bloomberg.com/news/article...

NEW: Canada’s government will delay its EV sales mandate as it launches a review to make sure it won’t burden automakers. The federal mandate was set to begin in 2026 but that’s on hold, at least temporarily. www.bloomberg.com/news/article...

Carney's office said this morning that Roberts has had to cancel his trip, without providing more info. "Our team will continue further engagement and discussions with him and other leading US policy figures," Carney's office said in a statement.

Mark Carney invited the president of the Heritage Foundation, one of the architects of Project 2025, to speak to his cabinet, as Canada tries to strike a trade and security deal with President Trump, reports @brianplatt.bsky.social

Okay so based on further reading, the court ruling as it applies to Canada: - does affect the fentanyl related tariffs (35% on goods not covered by USMCA) but those can stay in place pending further appeal - does not affect sectoral tariffs: steel, aluminum, autos, lumber

Canada’s GDP shrank at a 1.6% annualized pace in the second quarter as exports plunged. It’s the biggest decline since Covid and the first contraction in nearly two years. www.bloomberg.com/news/article...

Energy Minister Tim Hodgson took a shot at Trudeau in a speech in Germany today: "Unlike the previous Canadian government, which closed the door to LNG exports, Prime Minister Carney’s government has opened it" www.bloomberg.com/news/article...

Based on his comments today, Carney is clearly keen on seeing Churchill developed into a larger port to help Canada ship to Europe. Here's my interview with Tim Hodgson a few weeks ago on his own vision for Churchill: www.bloomberg.com/news/article...

Dominic LeBlanc is flying to Washington tonight to meet with Howard Lutnick, a few days after Carney announced most counter-tariffs would be dropped. Lutnick had privately told the Canadians the retaliation was blocking progress on trade talks www.bloomberg.com/news/article...

(Blooomberg) — Canadian Prime Minister Mark Carney said peace in Ukraine can only happen through strength, and his country will help enforce any deal with Russia — including by potentially sending troops to Ukraine as part of a postwar peacekeeping effort. www.bloomberg.com/news/article...

Speaking in the White House just now, Trump praised Carney's move to drop counter-tariffs and said "We are working on something, we want to be very good to Canada. I like Carney a lot. I think he's a good, good person, and we had a very good talk yesterday." Full quote:

NEW: Canada is planning to remove counter-tariffs on US goods that comply with the free trade deal, but keep them on steel, aluminum and autos. PM Mark Carney making the announcement shortly. Comes a day after he spoke with Trump by phone. www.bloomberg.com/news/article...