Usa Stocks Insider
  • Business
  • World
  • Investing
  • Stocks

Usa Stocks Insider

  • Business
  • World
  • Investing
  • Stocks
Business

Ontario cancels internet deal with Musk’s Starlink as part of U.S. tariff fight

by admin August 1, 2025
August 1, 2025
Ontario cancels internet deal with Musk’s Starlink as part of U.S. tariff fight

The Canadian province of Ontario has canceled a C$100 million ($68.12 million) satellite high-speed internet contract with Elon Musk’s company Starlink, following through with a vow by the province’s premier to cut ties in retaliation for U.S. tariffs imposed on Canada.

Stephen Lecce, Ontario’s minister of energy and mines, confirmed the cancellation of the contract for internet services at an unrelated news conference in Toronto on Wednesday. Lecce, who oversees broadband connectivity in Canada’s most populous province, didn’t say how much the termination would cost.

“I can confirm that the premier has fulfilled his word, which is to cancel that contract because of the very reasons he cited in the past,” Lecce said. “We are standing up for Canada.”

Under the terms of the deal, which Ontario signed last November, Starlink was to provide high-speed internet access to 15,000 eligible homes and businesses in more remote communities.

In February, Ontario Premier Doug Ford threatened to end the agreement with Starlink in response to U.S. President Donald Trump imposing tariffs on Canadian goods. He later postponed the cancellation after Trump agreed to a 30-day pause on tariffs.

SpaceX, Starlink’s parent, did not immediately respond to a request for comment.

Musk headed Trump’s drive to shrink the federal government and was a close ally before falling out with the president.

Canada and the U.S. are working on negotiating a trade deal by August 1, the date Trump is threatening to impose a 35% tariff on all Canadian goods not covered by the U.S.-Mexico-Canada trade agreement.

Earlier this week, Canadian Prime Minister Mark Carney said talks were at an intense phase while reiterating that a deal that would remove all U.S. tariffs was unlikely.

Lecce said Ontario has taken other measures against the U.S., including restricting the ability of U.S. companies to bid on provincial government contracts, removing U.S.-made alcoholic beverages from store shelves and working to decouple the province’s energy sector from the U.S.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
The Real Drivers of This Market: AI, Semis & Robotics
next post
Silver Crown Announces Amendment

You may also like

Claire’s, known for piercing millions of teens’ ears,...

August 8, 2025

Amazon extends Prime Day discounts to 4 days...

July 10, 2025

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 2, 2025

Palantir joins list of 20 most valuable U.S....

July 27, 2025

Businesses are cautiously spending on corporate travel as...

July 24, 2025

Some Walmart garment orders from Bangladesh on hold...

July 14, 2025

Italian chocolate giant Ferrero to buy Kellogg’s Froot...

July 11, 2025

Sports executive charged with bid-rigging in Texas arena...

July 11, 2025

Credit card startup Imprint beats big banks for...

July 24, 2025

Tim Cook to join Trump at White House...

August 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 9, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 9, 2025
    • Quimbaya Gold Starts Drilling at Tahami South, Testing Undrilled Gold System Beside Aris’ Segovia Mine

      August 9, 2025
    • OTCQB Venture Virtual Investor Conference: Presentations Now Available for Online Viewing

      August 9, 2025
    • Crypto Market Update: Ethereum Rallies Past US$4,000, Trump Orders Crypto Review in 401(k)

      August 9, 2025

    Categories

    • Business (45)
    • Investing (246)
    • Stocks (75)
    • World (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: usastocksinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 usastocksinsider.com | All Rights Reserved