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    Archives: Briefings

    Canada ready to retaliate if U.S. follows through on latest tariff threats, says Carney

    Negotiations will continue in hope of landing a comprehensive trade deal with the United States within the next month, but “everything's on the table if there's no agreement,” Prime Minister Mark Carney said after meeting with all of Canada’s premiers in Charlottetown. President Donald Trump’s deadline for putting 50 per cent tariffs on some Canadian goods, largely over previous Canadian retaliation for earlier tariffs, approaches on Aug. 19, but there’s no need to respond in advance, Carney said. (The Logic)

    University of Toronto mathematician Jacob Tsimerman wins ‘Nobel prize of math’

    Tsimerman is only the second Canadian to have been awarded the Fields Medal, mathematics’ most prestigious prize. He was honoured for helping to prove the André-Oort conjecture—a problem that preoccupied mathematicians for about 30 years. (The Logic)

    Ottawa wants the public’s input on AI transparency rules

    The federal Innovation Department is considering measures that would make it clearer when users are interacting with AI or content it has generated. They could also make public more information about AI systems’ capabilities and any harmful incidents in which they’re involved, and keep track of what AI agents are doing. The consultation it launched Thursday runs through late September. (The Logic)

    Former Quebec minister Fitzgibbon joins Jolt Capital

    Pierre Fitzgibbon will be an operating partner at the Paris-headquartered private equity firm. He held the provincial economy and innovation portfolios from October 2018 to September 2024, with a brief break from June to September 2021 over ethics issues, and added the energy file in October 2022. (The Logic)

    Brookfield to buy battery storage firm Aypa Power for US$7B amid data-centre boom

    The asset management giant agreed to acquire the Texas-based company from Blackstone Energy Transition Partners in a deal that will give Aypa an equity value of US$3 billion. (The Logic)

    Canadian-owned Westinghouse sees opportunity in U.S.-Saudi nuclear deal

    A new agreement allowing Saudi Arabia access to U.S. nuclear technology means the Pennsylvania-based atomic power company might be able to sell its wares to the kingdom. Westinghouse is jointly owned by Saskatchewan uranium miner Cameco and Brookfield, whose parent company is based in Toronto. (The Logic)

    OpenAI says its AI models hacked into Hugging Face on their own

    OpenAI said GPT-5.6 Sol, its most advanced product that’s publicly available, and a more powerful model that hasn’t yet been released, broke into Hugging Face’s open source platform to find solutions to a test they had been given as part of internal evaluations. (The Logic)

    Northern Ontario news company Village Media expands in U.S. with US$5M deal

    Sault Ste. Marie-based Village Media will launch 15 newsrooms in the U.S., funded with US$5 million from the Knight Foundation, a Miami-based arts and journalism non-profit. (The Logic)

    Trump’s trade chief says new CUSMA deal not likely any time soon

    U.S. Trade Representative Jamieson Greer told a Senate committee that he hopes to put potential stopgap agreements with Canada and Mexico on U.S. President Donald Trump’s desk before the end of the year. More difficult discussions, including over rules of origin, will likely continue into 2027, he said. (The Logic)

    Feds will ‘double down’ on funding for Pratt & Whitney Canada despite U.S. ownership, Joly says

    As the subsidiary of U.S. defence giant RTX contemplates plans for new aircraft engines, the federal government is ready to pay to have them built in Canada, Industry Minister Mélanie Joly said, after announcing a $34-million contribution toward modernizing the company’s Longueuil, Que., facility. That funding came the day after the U.S. promised new tariffs on Canadian goods. (The Logic)

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