The Thursday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Thursday, June 1
U.S. WITHDRAWS FROM PARIS CLIMATE ACCORD: President Donald Trump has announced that the U.S. will withdraw from the Paris climate agreement, but will begin negotiations to “re-enter either the Paris accord or an entirely new transaction.” Trump said during a White House Rose Garden announcement that the U.S. will exit the landmark climate agreement aimed at reducing carbon emissions to slow climate change. Trump says the deal “disadvantages” the U.S. and is causing job losses and lower wages.
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CANADA ANNOUNCES COMPENSATION FOR SOFTWOOD PRODUCERS: Natural Resources Minister Jim Carr and other members of cabinet have unveiled an $867-million package of supports to help lumber producers and employees weather the impact of new U.S. tariffs on Canadian softwood. The package announced Thursday includes loans and loan guarantees to help ease the burden for forestry companies and to help them explore new markets and innovations. In April, the Trump administration slapped countervailing import duties as high as 24 per cent on softwood, arguing Canada unfairly subsidizes its industry.