OTTAWA — New Brunswick Premier Susan Holt described a recent meeting with Prime Minister Mark Carney as “productive,” focusing primarily on the federal budget and ongoing tariff discussions with the United States. During the virtual meeting, which took place on November 10, 2025, the premiers expressed concerns over the impact of U.S. tariffs on New Brunswick's economy, particularly highlighting the challenges facing the softwood lumber industry. Holt reported that Carney indicated a “significant” new financial package is anticipated from the federal government to address these issues.
Ontario Premier Doug Ford also suggested that an announcement regarding steel and softwood lumber is expected in the coming week. He conveyed his views on the federal budget, stating that while the discussions around it were positive, there is a noticeable lack of investment in infrastructure. Ford emphasized that Ontario is investing over $200 billion in infrastructure, yet he finds the federal funding insufficient compared to the province’s contributions.
The meeting marks a notable moment in trade relations, especially following U.S. President Donald Trump’s decision to halt trade discussions triggered by an anti-tariff advertisement aired by Ford's government in U.S. markets. When questioned during the press conference about whether the Prime Minister requested the premiers to cease running trade ads in the U.S., Ford responded that no such directive was given.
Both Holt and Ford mentioned various trade relationships were also on the agenda during the meeting, with Carney committing to engage with the premiers regularly going forward. The Prime Minister's Office announced intentions to hold an in-person meeting with the premiers in the upcoming New Year, reinforcing the collaboration between federal and provincial leaders.
Regarding the ongoing discussions about the federal budget, Holt was asked whether she favored an early federal election. She expressed that while the budget includes “good things” for New Brunswick, there is little desire among the populace for a winter election due to the potential diversion of resources and focus from pressing economic issues. Holt highlighted the importance of concentrating on economic growth amid the backdrop of a trade war.
Ford echoed the sentiment that the passage of the federal budget is crucial for national interest, advocating for cooperation across political lines to ensure effective governance. This collaborative approach is expected to yield more sustainable solutions for the ongoing challenges faced by various provinces.
In summary, the meeting between the premiers and Prime Minister Carney indicates a prioritization of addressing trade-related concerns and infrastructure investments, as well as a commitment to regular discussions to tackle these issues collaboratively. The forthcoming announcements regarding tariffs and federal budget allocations will likely play a significant role in shaping the economic landscape for provinces, particularly in industries that have been adversely affected by U.S. tariffs.
