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5 things you need to know this morning: Oct. 9, 2025

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

Five things you need to know

1. Joy for many in Israel as Trump brokers deal to return hostages and end Hamas's war

Many Israelis have reacted with joy after US President Donald Trump announced Wednesday he had brokered a deal to return all of the remaining hostages kidnapped by Hamas in 2023 when the terror group started a devastating war with its neighbour. That war – which has led to tens of thousands of deaths and enormous levels of destruction in Gaza – will also be ended, at least temporarily, as part of the deal.


2. Era of free trade in North America has ended, Lutnick says, prompting Ford to threaten energy boycott

The US will no longer buy Canadian-made cars and the decades-old system of free trade in North America is now at an end, according to US Commerce Secretary Howard Lutnick. The close ally of Trump's told the BMO Eurasia US-Canada Summit in Toronto that the US is putting itself first in all things, but Canada can be granted the privilege of being "second" and accrue all of the benefits that entails. In his own address to the same conference, Prime Minister Mark Carney said the progressive integration of the North American economies is over and "nostalgia isn't a strategy." Another speaker at the conference, Ontario Premier Doug Ford, was less guarded, warning: "You aren’t going to annihilate manufacturing in Ontario." Ford said he'd cut off energy and mineral sales to the US in retaliation.


3. 'Influencers' outshone news outlets in federal election due to Facebook ban: report

Due in part to legislation they themselves demanded, traditional news outlets in Canada were outshone during April's federal election by "influencers," according to a new report from the Canadian Digital Media Research Network. The study found that, with news banned from Facebook as a consequence of the Online News Act, individuals posting on social media ended up having the "loudest voice" as Canadians went to the polls. In separate but related news, a coalition of media outlets has urged the federal government to spend a "minimum" of 25 per cent of its advertising budget on Canadian news organizations, rather than on "Big Tech companies in California."


4. Trump 'very receptive' to Keystone XL plan, pipeline's owner says it would be 'supportive of efforts'

There's been more news dribbling out to the masses about the supposed pledge made by Mark Carney to resurrect Donald Trump's beloved Keystone XL pipeline from Alberta to Nebraska. According to – you guessed it – an anonymous source, Trump was "very receptive" to the idea of the pipeline, killed on two occasions by Democrat presidents, being revived. South Bow Corp, which owns the inchoate infrastructure, said it is "supportive of efforts to find solutions that increase the transportation of Canadian crude oil." Former Canadian ambassador to the US Frank McKenna, meanwhile, said the deal could appease Alberta, adding: "I can't imagine [Danielle Smith] could move the goalpost again and say, 'I not only want more oil pipelines, I want two, not just one.'"


5. JP Morgan chief 'far more worried than others' about fall in US stocks

One of the world's most famous bankers has warned that there's a serious risk that US stocks will fall in the next six months to two years. Jamie Dimon, who leads JP Morgan Chase, said he was "far more worried than others" that there could be a correction in the market, while he was also "a little worried" about inflation in the US.



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