Separately, the U.S. administration is also investigating the national security implications of imported uranium and other minerals. After a similar probe during U.S. President Donald Trump’s first term in 2019, which ultimately spared uranium, Cameco took steps to protect itself, such as looking at contract terms and delivery timelines.
“We’ve not seen a significant impact to our volumes thus far, but there’s no question that uncertainty has increased over the last few months, and we’re seeing a heightened risk of recession in both Canada and the U.S.,” said chief executive Tracy Robinson.
“The amount of spending is going to change, and the type of spending, and where they’re putting their dollars,” said Walzak. “At the grocery store, when they go to the frozen section to buy chicken wings or chicken fingers, they (might buy), say, Pinty’s, a Canadian brand, versus an American brand,” said Walzak.
In 2019, Beijing blocked Canadian canola imports from two companies, citing contamination issues, though the move was believed to be in response to Canada detaining Meng Wanzhou, a Chinese business executive. Canadians Michael Spavor and Michael Kovrig were also detained in China days after Wanzhou’s arrest.
“There’s a lot of things that it’s getting tagged on to, primarily Pokemon cards, Magic (the Gathering) cards, sports cards, Yu-gi-oh cards are the big ones,” said MacDougall, adding that he has written to several members of federal and provincial parliament about Canada’s reciprocal tariffs. “Konami, who makes Yu-gi-oh cards, they’re absorbing quite a bit […]
Since Trump imposed tariffs on Canada and other countries, provincial governments have started to curb their relationships with U.S. businesses. Last month, Alberta refrained from using Bank of America Corp. when it sold a euro-denominated bond deal, a break from its practice for such sales over the past six years.
Article content WINNIPEG — Manitoba Premier Wab Kinew says he and other provincial leaders are backing the federal government’s response to tariffs imposed by the United States. Article content Kinew says there was broad consensus in a virtual meeting Thursday with Prime Minister Mark Carney after Carney said Canada will hit back with matching tariffs […]
Breadcrumb Trail Links PMN PMN Business Author of the article: The Canadian Press Kelly Geraldine Malone Published Mar 31, 2025 • 4 minute read Article content WASHINGTON — White House Press Secretary Karoline Leavitt said Monday there will be “no exemptions” to U.S. President Donald Trump’s latest moves to upend global trade this week and […]
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Breadcrumb Trail Links PMN PMN Business PMN Autos Author of the article: The Canadian Press Kelly Geraldine Malone and Liam Casey Published Mar 27, 2025 • 4 minute read Article content Ontario Premier Doug Ford said Thursday he was told by U.S. Secretary of Commerce Howard Lutnick this week that Canadian-made vehicles with 50 per […]