JAY GOLDBERG: Carney’s ‘failure’ to strike trade deal with Trump was story of the year

U.S. President Donald Trump’s tariffs might have been named The Canadian Press News Story of the Year, but Prime Minister Mark Carney’s failure to adequately deal with them ought to have been.

When Carney announced his candidacy for the leadership of the Liberal party, after former prime minister Justin Trudeau announced his resignation early last year, Carney sold himself to Canadians as the man who could meet the moment and deal with the Trump juggernaut.

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Diageo’s Crown Royal plant in Amherstburg, Ont., listed for sale as closure looms

The Diageo-owned property in Amherstburg, Ont., that bottles Crown Royal whisky has been listed for sale as the company prepares to shut down operations at the site early in 2026.

The property, with a 110 St. Arnaud St. address, appeared on REALTOR.ca on Monday, with annual land taxes listed at just over $310,000.

The industrial property, near Sandwich Street South and Alma Street, spans about 25 hectares (70.41 acres) and includes eight buildings totalling nearly 447,000 square feet. The listing notes direct rail access, secured yard space, trailer parking and clear heights ranging from 20 to 26 feet.

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Canadian return trips from U.S. tank nearly 30% in October: StatCan

Canadians continued to take fewer trips to the United States in October, according to the latest data, which mirrors recent monthly data suggesting the trade war and U.S. tariffs have left a sour taste.

Statistics Canada reported on Monday that in October, there was a 26.3 per cent drop in Canadian residents returning from trips to the U.S. compared with one year earlier.

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Tariffs and a Christmas Reckoning for Canadian Shop Owners

For Tina Nguyen, a Canadian muralist in Belleville, Ontario, Christmas is part of another nativity story: the birth of her hair-accessory business. It all started six years ago, when Ms. Nguyen gave a cousin one of her handmade, pillowy hair scrunchies, inspiring her to sell them on the internet, where they quickly became a hit.

But this Christmas will be the end of that story. President Trump’s protectionist policies have put a significant dent in sales, said Ms. Nguyen, whose company, XXL Scrunchie & Co., relies on American shoppers for half its business.

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CUSMA is up for review in 2026, and here’s what Trump might want

A mandatory review of the Canada-U.S.-Mexico-Agreement on trade kicks into high gear next year as U.S. President Donald Trump continues his campaign to realign global trade and poach key industries from America’s closest neighbours.

Negotiations on the trade pact, better known as CUSMA, were a stress test for Ottawa during the first Trump administration. The trade talks were tense at times, but ultimately the pact that replaced the North American Free Trade Agreement was hailed a success in all three countries.

Since the president’s return to office, however, confidence in CUSMA’s future has waned. During a meeting with Prime Minister Mark Carney at the White House, Trump called the deal “transitional” and said it may have served its purpose.

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Trump’s national security strategy leaves Canada on the sidelines — for now

WASHINGTON, D.C. — For anyone trying to better understand U.S. President Donald Trump’s foreign policy vision and its consequences for Canada, look no further than the recently released national security strategy (NSS) that offers the White House’s vision of America’s global influence and its defence and economic power priorities.

Unlike the previous two strategies — under both Joe Biden and Trump 1.0 — the new strategy no longer focuses heavily on major power competition, instead extolling an “America First” foreign policy centred mainly on America’s economic power and national interests.

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A tariff exemption was Canada’s salvation in 2025. It’s ‘absolutely’ at risk in 2026

OTTAWA – U.S. President Donald Trump’s tariff campaign appeared to move at a breakneck pace towards Canada’s economy this year.

But beyond threats of double-digit tariff rates and sharp pain in manufacturing-heavy industries, a key exemption has allowed the majority Canadian goods to continue to cross the southern border duty-free.

Experts who spoke to The Canadian Press warned this saving grace for the economy is at risk in 2026 as North American trade officials prepare for a review of the Canada-U.S.-Mexico agreement, or CUSMA.

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What the US wants from Canada on trade

With US-Canada trade talks still on hold, American officials have laid out their clearest demands yet for keeping free trade in place between the two countries.

The list includes further opening the Canadian dairy market to US farmers, and overhauling an online streaming law that the US says “discriminates” against American tech and media firms.

The US also wants Canadian provinces to lift their ban on selling American liquor, which was put in place earlier this year in response to the sweeping tariffs imposed by President Donald Trump.

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“Mark Carney says Trump wants Canada to be dependent on the U.S.” … Psst … Marky we already are and I prefer them to your pals the CCP

OTTAWA — U.S. President Donald Trump wants the relationship with Canada to be one of “dependence” on the United States, and is not talking about ripping up the trilateral free trade pact but renegotiating it, says Prime Minister Mark Carney.

In a pair of French-language interviews marking the year’s end, Carney revealed for the first time details of his private conversation earlier this month with Trump and Mexican President Claudia

Sheinbaum on the sidelines of the World Cup soccer draw in Washington — which came following a stormy six-week hiatus after Trump cut off bilateral trade talks on sectoral tariffs.

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U.S. trade rep says access to Canada’s dairy market key to CUSMA review

Canada will have to increase access to the United States when it comes to dairy products as part of a renegotiated U.S.-Mexico-Canada Agreement.

U.S. Trade Representative Jamieson Greer told members of the U.S. Congress on Thursday that concerns related to dairy market access in Canada and its exports of certain dairy products are part of a “non-exhaustive” list of issues that need to be addressed as part of the six-year joint review of the trade agreement.

Greer said that while several stakeholders expressed support and explicitly called for the agreement to be extended, “virtually all stakeholders also called for some sort of improvement to the Agreement.”

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Trump trade rep targets Canada’s beer and dairy rules in new CUSMA review conditions

U.S. President Donald Trump’s point-person on trade laid out a series of conditions Wednesday that Canada must meet in order to extend the Canada-U.S.-Mexico agreement (CUSMA) when it comes up for a review next year — revealing publicly for the first time what the administration expects Prime Minister Mark Carney to do to keep the pact for the long term.

U.S. Trade Representative Jamieson Greer told the U.S. Congress that CUSMA has been “successful to a certain degree” but there need to be changes before Trump agrees to extend it for another 16 years or revert to yearly reviews, something Canada is eager to avoid given the resulting annual uncertainty.

“I don’t think we can say that USMCA is an unqualified success,” Greer said in his remarks, which were shared publicly after his closed-door meeting with lawmakers on Capitol Hill.

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Every U.S. state along Canadian border is hurting financially due to decline in tourists from Canada: new report

Declining Canadian tourism is adversely affecting American businesses in every state along the U.S.-Canada border, according to a new report by the U.S. Senate Democrats’ Joint Economic Committee.

“In 2024, Canadian tourism contributed $20.5 billion to the U.S. economy and supported 140,000 American jobs,” states the report, released on Wednesday. “The negative impacts of President Trump’s tariff policies have been particularly stark in states along the U.S.-Canada border, which have many businesses that rely on short-term visits by Canadians.

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