Canadian prime minister to meet with cabinet, provincial premiers on U.S. tariffs

Canadian Prime Minister Mark Carney will meet with cabinet members on Tuesday for discussions on the trade negotiations with the United States, the Canadian Broadcasting Corporation reported, citing an announcement made by the Prime Minister's Office (PMO).

The announcement came after U.S. President Donald Trump said Thursday that he will impose a 35 percent tariff on imports from Canada starting on August 1.

Carney will also meet with provincial premiers on the matter on July 22, according to the PMO.

The office noted that the government will firmly defend the interests of Canadian workers and enterprises in the trade negotiations with the U.S.

Canadian prime minister to meet with cabinet, provincial premiers on U.S. tariffs

Canadian prime minister to meet with cabinet, provincial premiers on U.S. tariffs

Oil prices climbed on Friday.

The West Texas Intermediate for February delivery gained 25 cents, or 0.42 percent, to settle at 59.44 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery added 37 cents, or 0.58 percent, to settle at 64.13 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher