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5 things you need to know this morning: Oct. 31, 2025

Start your day off right with five things you need to know this morning.

Five things you need to know

1. 'Turning point' in China-Canada relations after Xi meeting, Carney says

Mark Carney has said there has been a "turning point" in the China-Canada relationship after meeting with Xi Jinping in South Korea on Friday. The prime minister said he was "very pleased" with the outcome of the meeting though, as has been the case with his other meetings in Asia, it resulted in no concrete changes to the relationship.


2. Poilievre says youth 'have already sacrificed enough' in attack on Carney

The leader of the opposition, meanwhile, has been speaking with, and to, younger Canadians, telling students at an event in Toronto on Thursday that youth "have already sacrificed enough" and are being betrayed by the Liberal Party. Pierre Poilievre referenced a recent speech made by Carney at the University of Ottawa, in which the prime minister warned of sacrifices Canadians will have to make in the upcoming budget.


3. India joins China in tariffing yellow peas, Saskatchewan urges Ottawa to get a deal

India has joined China in slapping a tariff on Canadian yellow peas, though at 30 per cent rather than 100 per cent. India said the levy will be put on all imported yellow peas as of Nov. 1, prompting Saskatchewan's Agriculture Minister Daryl Harrison to call on Ottawa to negotiate with India to obtain a reprieve. "These trade disruptions impact the entire supply chain and are having immediate consequences for producers, business and jobs," he said, adding that China and India represent 71 per cent of Canada's pea exports.


4. Trump's bus tariff could lead to property tax increases, budget chaos across North America: group

Big cities across North America are in for a price shock due to Donald Trump's 10 per cent tariff on buses, according to the Canadian Urban Transit Research & Innovation Consortium. The group said the extra costs imposed by the tax will upend city budgets across the continent, potentially hitting property taxes and transit fees. CEO Josipa Petrunic added: "If every mayor in North America is not peeing themselves right now, they really should be."


5. Hodgson says 'competitiveness and conscience' must 'coexist' in bid to create G7 critical minerals pact

Energy Minister Tim Hodgson has been put in charge of Canadian-led talks to create a G7 critical minerals alliance designed to secure vital materials whose production is currently monopolized by China. The pact "demonstrates that competitiveness and conscience can – and must – coexist," according to Hodgson, who is hosting the event in Toronto.

Thumbnail photo credit: Mark Carney/X


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