Carney Meets Xi at APEC, Urgent Talks on Tariffs Underway

UPDATE: Prime Minister Mark Carney is currently meeting with Chinese President Xi Jinping at the APEC Summit in South Korea, marking the first face-to-face dialogue between the leaders since 2017. This urgent meeting comes as tensions rise over 100% tariffs on Chinese electric vehicles, a topic crucial to both nations amid shifting economic landscapes.

During their discussion, Carney emphasized that “distance is not the way to solve problems,” reflecting a significant pivot in Canada’s approach to China. Ottawa has transitioned from viewing China as a “disruptive global power” to recognizing it as a strategic partner, a move that underscores the evolving dynamics in international trade.

As the backdrop of this meeting unfolds, Carney faces mounting pressure from provincial premiers to reconsider the tariffs, which are a major barrier to resolving ongoing disputes. Beijing has indicated that the removal of these tariffs is essential for lifting its retaliatory measures against Canadian exports, including canola, seafood, and pork products.

In other urgent news, as Hurricane Melissa approaches Newfoundland, residents in the Maritimes are bracing for severe weather on Halloween. Heavy rains and strong winds are forecasted to hit the region starting Friday morning, coinciding with trick-or-treating plans. Environment Canada has issued rainfall warnings for parts of Nova Scotia, creating uncertainty for families hoping to celebrate safely.

Meanwhile, excitement builds in Toronto as the Blue Jays aim for their first World Series victory in over 30 years. Following a decisive 6-1 win against the Los Angeles Dodgers, the Jays lead the series 3-2 and are set to play Game 6 tonight. City officials are preparing for large crowds as a free public watch party is scheduled at Nathan Phillips Square, coinciding with Halloween celebrations.

In a developing situation within the energy sector, the shareholder vote on the proposed takeover of MEG Energy Corp. by Cenovus Energy Inc. has been postponed until November 6. This delay comes amidst a contentious takeover battle, highlighting the complexities of corporate negotiations in the oil sands industry. The outcome could have significant implications for job security and market stability in Canada.

Stay tuned as these stories evolve, impacting lives across Canada and beyond.