PRESS DIGEST-Canada - August 1
Aug 1 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
- U.S. President Donald Trump has raised tariffs on certain Canadian goods to 35%, escalating trade tensions as talks with Ottawa stall ahead of the Aug. 1 deadline, though most Canadian exports remain exempt under USMCA rules; Prime Minister Mark Carney criticized the move as unjustified and reaffirmed Canada’s commitment to the trade pact.
- TC Energy TRP.TO says it sees stronger investment opportunities in the U.S. than in Canada due to higher risk-adjusted returns, driven by surging demand from AI-powered data centres and LNG exports, despite what it called Ottawa’s sincere efforts to support energy infrastructure.
NATIONAL POST
- Cenovus Energy CVE.TO CEO Jon McKenzie has downplayed the company’s need for acquisitions amid speculation of a potential bid for MEG Energy MEG.TO, stating there are no gaps in its portfolio.
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