US Business

Multiple challenges await Canada’s Carney

Canadian Prime Minister Mark Carney celebrated election victory on Tuesday, but he admits “daunting” challenges await, including handling Donald Trump and reshaping the economy.”There is going to be a very short honeymoon,” Marci Surkes, a former advisor to Carney’s predecessor Justin Trudeau, told AFP.Carney acknowledged in a victory speech that the coming months will be …

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Carney vows to lead ‘united Canada’ against Trump after election win

Prime Minister Mark Carney pledged Tuesday to confront US President Donald Trump with the “overwhelming positive force” of a united Canada after a dramatic election win that earned the Liberal Party a minority government.Carney’s Liberals fell just short of the 172 seats needed for majority control of parliament, but with 169 confirmed wins the party …

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Canadian firm makes first bid for international seabed mining license

Canada’s The Metals Company said Tuesday it applied to the United States to mine deep-sea minerals in international waters, a world first made possible by President Donald Trump’s embrace of the industry.Metal-containing deep-sea nodules, which have the appearance of potato-size pebbles and typically contain nickel and cobalt, are highly sought for use in electric vehicle …

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Canada Conservative leader loses own seat in election

Conservative leader Pierre Poilievre lost his own seat in Canada’s election, official results showed Tuesday, despite his party making gains in parts of the country. It was a stunning upset for the 45-year-old Poilievre, who was first elected to represent a mostly rural district of the capital Ottawa in 2004.Late Monday, he conceded the election to …

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Canada’s Carney: political newcomer who says he’s best in a crisis

Mark Carney, whose Liberal Party won Canada’s election on Monday, has a history of taking on roles at challenging moments. “I’m most useful in a crisis. I’m not that good at peacetime,” he said during the campaign. Carney secured a term as prime minister despite having never served in parliament, which is unprecedented in Canadian history.Even with …

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Canadians seek to ‘send a message’ to Trump

Alice Charasse arrived early Monday morning to vote in Canada’s hotly-contested election, hoping to “send a message” to Donald Trump who has threatened her country’s sovereignty and economy.”We must not let ourselves be intimidated or influenced” by the US president, Charasse, 37, told AFP before casting a ballot on her way to work in Montreal.”With …

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