Press Digest: Canada - June 4

Canadian Tire

04/06/2025 12:27

June 4 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Canadian Tire's CTCa.TO $30-million deal for Hudson Bay's intellectual property has received court approval, paving the way for the acquisition of the historic retailer's brand names, logos and designs – including its iconic multicoloured stripes and point-blanket patterns dating back to the 18th-century fur trade.

** U.S. President Donald Trump has jacked up steel and aluminum tariffs to 50%, an escalation of his global trade war that will disproportionately hammer the Canadian economy.

** U.S. Ambassador Pete Hoekstra told a Toronto audience that Canada may still be able to work together with U.S. automakers under an industrial strategy focused on the threat from Chinese vehicle makers.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))