Power & Politics Power & Politics

Exclusive: Canada unsatisfied with latest U.S. trade offer, sources say

Aug 12, 2026 · 45m

Summary

Host Katie Simpson examines stalled Canada-US trade talks ahead of a critical tariff deadline, featuring analysis from Ralph Goodale on negotiation strategies. The episode also covers the global energy crisis, with Rory Johnson discussing Strait of Hormuz disruptions and refining shortages. Finally, the panel debates a petition to expel US Ambassador Pete Hoekstra and reports on a potential breakthrough in the Churchill Falls hydroelectric deal between Quebec and Newfoundland.

Topics discussed

Intro: Canada's shifting immigration consensus Canada-US trade talks: Urgency and proposals Potential consequences if no deal is reached by Aug 19 Carney's approach: Accepting lower tariffs vs zero US unpredictability and Canadian leverage in negotiations Canadian public sentiment and sovereignty defense US inflation cools; Strait of Hormuz shipping data Fog of war: Tracking ships in the Hormuz crisis Oil prices: Crude vs refining margins and pump prices Pipeline diversification and US Strategic Petroleum Reserve Quebec-Newfoundland hydroelectric deal nearing completion Political timing and Indigenous buy-in for hydro deal Petition to expel US Ambassador Pete Hoekstra Impact of petition on Trump administration relations 9/11 anniversary and NATO alliance dynamics Behind-the-scenes negotiations and isolationist trends Panel outlook: Progress signs and required concessions
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