Start your day off right with five things you need to know this morning.
Five things you need to know
The chief executive of one of Canada's most important energy companies has lashed out at the Liberal government, arguing that "neither the Pathways project nor the West Coast pipeline really make any sense." Cenovus Energy's Jon McKenzie said that, because of the "insidious" carbon tax and construction costs, the much-touted new pipeline to the BC coast is "unfinanceable." He also said Pathways – a so-called "carbon capture" project estimated to cost $16.5 billion – will actually cost up to $30 billion. He added: "At times we have treated our energy endowment with contempt as something that we tolerate, constrict, and manage down, versus recognizing it as our largest economic lever, our biggest and most important export, and the largest driver of Canada’s quality of life."
I had the pleasure of introducing @cenovus CEO Jon McKenzie at the Global Energy Show today, and while the media has focused on his description of Pathways as "unfinanceable", his comments were more nuanced and the whole speech was a banger. My top 🔥 quotes from his speech: /1
— Heather Exner-Pirot (@ExnerPirot) June 10, 2026
Canada's next-biggest export industry, after the all-important oil and gas sector, is also unhappy with the Liberal Party's economic policies. Brian Kingston, the head of the Canadian Vehicle Manufacturers Association representing Ford, GM and Stellantis in Canada, said diversifying the auto market beyond the US is "not an option." He said European and Asian markets are better served by European and Asian manufacturers, and added: “Simply put, there is no Canadian auto industry without the US." Kingston also urged the Liberals to "eliminate" the deal they signed with China to lift tariffs on the country's EVs.
“Diversification is not an option,” one auto industry representative said.https://t.co/N3PGRELANm
— Globalnews.ca (@globalnews) June 9, 2026
The US Trade Representative, meanwhile, has said that Canada's retaliatory tariffs against the US are a "problem" when it comes to trade negotiations between the two countries. Jamieson Greer said he's concentrating on fixing "flaws" within the CUSMA trade deal between the US, Canada and Mexico, including the use of Canada and Mexico as "third-country" hubs that export foreign goods to the US.
Canada’s retaliatory tariffs ‘a problem’ for negotiations: U.S. trade rep, @boyntonwords reports https://t.co/d2ItPQ8wbM
— National Newswatch (@natnewswatch) June 9, 2026
Find out more at https://t.co/1zbPY5GAhV pic.twitter.com/hDrDvCJVk3
A Washington, DC event featuring Doug Ford has been cancelled after the White House complained about the Ontario premier, who has been an aggressive opponent of Donald Trump's since the US began putting tariffs on Canadian exports. According to the Globe and Mail newspaper, a "source" said "Mr. Ford is viewed as a major problem by the Trump administration." Ford, however, said the event was cancelled because of "a little conflict of scheduling."
U.S. Chamber of Commerce event with Doug Ford cancelled after White House complaints, sources say https://t.co/7z0I0zoPe9
— The Globe and Mail (@globeandmail) June 10, 2026
Chrystia Freeland is set to publish a memoir titled Unreliable Boyfriend: An Insider’s View of Dealing with a Chaotic Superpower, Plutocrats, and Other Complicated People in the fall. The former deputy PM and finance minister has claimed the title is a reference to a comment she made earlier this year when speaking to a US talk show host, when she said the US is "not a very reliable boyfriend right now." The term, however, is perhaps more famous as a description of Mark Carney, who was given the label by Labour MP – and now minister – Pat McFadden in 2014 during Carney's time as Bank of England governor.
Chrystia Freeland to publish political memoir, 'Unreliable Boyfriend' https://t.co/mRwLHNUBTQ
— insauga (@insauga) June 10, 2026
