- Canada is intensifying talks with the U.S. to head off President Trump's threatened 50% tariffs (set for Aug. 19); PM Carney says "everything's on the table" but won't retaliate preemptively.
- The tariffs would hit everyday Canadian exports — honey, liquor, dairy, cement and even hockey sticks — potentially affecting about $28 billion in annual exports and hitting Ontario, Quebec and B.C. hardest.
- Federal and provincial leaders say they're united as "Team Canada," aiming to diversify trade partners and protect workers and businesses amid the uncertainty.
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