Mark Carney Pledges Whatever It Takes in Trump Trade War

Prime Minister Mark Carney pledged to do "whatever it takes" to secure a fair deal in trade-war negotiations with U.S. President Donald Trump. The commitment comes as Canada faces significant economic strain, including high fuel prices caused by a global oil supply shock linked to a war with Iran.

To mitigate costs for citizens, the federal government implemented a temporary 10-cent per litre suspension of the fuel excise tax. However, critics have dismissed the measure as insufficient. These opponents are calling for the government to implement a tax on excessive profits from oil corporations.

The debate over corporate profits follows a report from TC Energy, which announced a second-quarter 2026 profit of $987 million.