Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Trump Administration Fuel-Efficiency Rollback Could Raise Long-Term Costs for U.S. Drivers 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Trump Signs Executive Order to Strengthen U.S. Food Supply Chain Security 
Democrats Face Uphill Battle in Midterm Elections Despite Recent Victories, Reuters/Ipsos Poll Shows 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Judge Orders Return of Seized Evidence in Comey-Related Case, DOJ May Seek New Warrant 
U.S. State Department Reverts to Times New Roman in Push for “Professionalism” 
Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Tunisia Protests Grow as Opposition Unites Against President Kais Saied’s Rule 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
International Stabilization Force for Gaza Nears Deployment as U.S.-Led Planning Advances 
Ontario has canceled a C$100 million ($68 million) satellite internet contract with Elon Musk’s Starlink, citing retaliation against U.S. tariffs on Canadian goods. The decision fulfills Premier Doug Ford’s earlier pledge to cut ties with the company amid escalating trade disputes with the United States.
Stephen Lecce, Ontario’s energy and mines minister, confirmed the cancellation during a Toronto press conference, though he did not disclose the financial impact of terminating the agreement. “The premier has fulfilled his word to cancel that contract… We are standing up for Canada,” Lecce stated.
The deal, signed in November 2024, aimed to provide high-speed satellite internet to 15,000 rural homes and businesses across Ontario. Ford initially threatened to cancel the contract in February after U.S. President Donald Trump imposed tariffs on Canadian exports but delayed action following a temporary pause in tariff implementation.
Negotiations between Canada and the U.S. continue ahead of an August 1 deadline, when Trump has threatened to introduce a 35% tariff on Canadian goods not covered by the U.S.-Mexico-Canada Agreement (USMCA). Canadian Prime Minister Mark Carney has acknowledged the talks are in a critical phase but warned that eliminating all tariffs remains unlikely.
Ontario has also introduced additional countermeasures, including banning U.S.-made alcoholic beverages from provincial stores, restricting U.S. companies from bidding on government contracts, and working to reduce reliance on U.S. energy imports.
Starlink, a subsidiary of SpaceX, has not commented on the cancellation. The contract’s termination highlights the growing strain on U.S.-Canada trade relations and its impact on technology and infrastructure projects in Canada’s most populous province.
