Canadian government reporter, Bloomberg News. bplatt9@bloomberg.net
Joined March 2010
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(Bloomberg) — Prime Minister Mark Carney said Trump administration officials have been clear that they don’t want to trigger a vote in Congress by changing the “fundamental architecture” of the North American free trade deal.
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The US and Iran are moving closer to signing a peace deal around the G7 meeting next week, according to senior officials bloomberg.com/news/articles/…
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Brian Platt retweeted
Jun 11
The Bloomberg Terminal, X, Instagram, Reddit
Pls fix
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Jun 10
Key to remember: Declining to renew the USMCA by July 1 does not end the deal. It remains in force for at least 10 years, it just enters a period of annual reviews. Trump *could* still move to withdraw from the deal, but that's not what he said today bloomberg.com/news/articles/…
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Jun 10
It was already widely expected among government officials that the US would not be renewing by July 1, as we reported last week: x.com/btaplatt/status/206292…
Jun 5
The state of play on USMCA: The July 1 renewal almost certainly won't happen, sources say, which sets up rolling annual reviews and an extended period of uncertainty as the US negotiates side deals with Canada and Mexico. Story with @josh_wingrove bloomberg.com/news/articles/…
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Brian Platt retweeted
Jun 10
Our story from Friday on them blowing past the July 1 renewal window and entering rolling talks.
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Jun 10
"I'm not looking to renew it," Trump says of USMCA, as his administration has signaled. (Non-renewal does not necessarily mean exiting it, it enters rolling review for up to 10 years.)
"We don't need anything that Canada has, we don't need anything that Mexico has," he says.
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Officials in the US and Canada are planning a ribbon-cutting ceremony in the coming days for a new C$6.4 billion bridge linking Michigan to the province of Ontario, which President Donald Trump threatened to block earlier this year. bloomberg.com/news/articles/…
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Jun 5
Chinese refiner Rongsheng, which is already the biggest buyer of oil from TMX, is studying a potential offtake deal for the new pipeline Alberta wants to build through BC. Alberta officials have also talked to buyers and investors in Korea and Japan bloomberg.com/news/articles/…
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Jun 5
The state of play on USMCA: The July 1 renewal almost certainly won't happen, sources say, which sets up rolling annual reviews and an extended period of uncertainty as the US negotiates side deals with Canada and Mexico. Story with @josh_wingrove bloomberg.com/news/articles/…
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Jun 5
One thing to keep in mind as we cross July 1: It is very possible, and even likely, that the actual text of the USMCA does not change in Trump's second term, because that would require going through Congress. This may all take place simply as "bolt-on" side deals to the USMCA.
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Employment in Canada increased by a surprising 87,800 in May after a soft start to the year for the labor market, bringing the jobless rate down to 6.6% bloomberg.com/news/articles/…
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Jun 3
Heritage Minister Marc Miller is ordering the CRTC to review its decision to make streaming giants pay 15% into a CanCon fund. "At a time when Canadians face cost-of-living pressure, now is not the time to make culture and entertainment more expensive."
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Jun 3
The unsaid message here is that the 15% CanCon requirement is also a major trade irritant with the US while Canada is trying to get to the negotiating table with Trump on tariffs
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Jun 2
Trump unilaterally waters down his metals tariffs: whitehouse.gov/presidential-…
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Bank of Canada Senior Deputy Governor Carolyn Rogers cautioned against concluding the country is in a recession after recent data showed the economy contracted for a second consecutive quarter. bloomberg.com/news/articles/…
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Jun 1
RT @ExnerPirot: CBC showed me the planned routes and ports. My impression was 1) the options are heavy on Nisga’a options, which makes me t…
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Chinese-made electric vehicles are beginning to arrive in Canada under a new arrangement that Prime Minister Mark Carney agreed to in January during a visit with China’s President Xi Jinping bloomberg.com/news/articles/…
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Brian Platt retweeted
May 29
(Bloomberg) -- The Canadian economy edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter, per @nojoudalmallees.
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May 29
In the past few days, the first Chinese-made EVs have started entering Canada under the new tariff quota deal. As expected, these first shipments are almost all Teslas made in Shanghai bloomberg.com/news/articles/…
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