Economy
Canadians need to stop freaking out about the threat of United States annexation, Preston Manning says.
In an interview with True North’s Candice Malcolm, the founder and former leader of the Reform party said central Canadians and “Laurentian elites” should stop overreacting to U.S. President Donald Trump’s joke about turning Canada into America’s 51st state.
Manning dismissed the suggestion that the Trump administration is actively pursuing a scheme to undermine Canada’s sovereignty and incorporate Canada into the American union
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Read MoreIn response to U.S. President Donald Trump’s tariff threats, Canada’s national public sector workers union is calling on the feds to forcibly take ownership of any “nationally important” company that threatens to move its operations to the U.S.
The Canadian Union of Public Employees called on the federal government to assert public ownership of companies in Canadian markets and spend more tax dollars to fight back against Trump’s “imperialism.”
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Read MoreSaskatchewan Premier Scott Moe is one of several premiers travelling to Washington, D.C. next week to continue with diplomatic efforts aimed at resolving the looming tariff threats from U.S. President Donald Trump.
While the tariffs have been paused for one month, the threat is far from neutralized.
The Council of the Federation’s 13 premiers will travel to Washington together so that they can present a united voice on free trade between Canada and the U.S.
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Read MoreA Canadian energy sector company is reviewing ways to expand projects in the wake of U.S. tariff threats which could see it increase the country’s barrel per day production by as much as 300,000.
The Trans Mountain Expansion oil pipeline first launched commercial operations last May following years of regulatory delays and obstacles since it was first announced.
The $30.9 billion project, own
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Read MoreChina’s retaliation against President Donald Trump’s tariffs went into effect on Monday, imposing levies of ten percent to 15 percent on a range of key American goods, including liquefied natural gas (LNG), coal, agricultural equipment, and automotive products.
Coal and LNG were hit by the highest levies of 15 percent. The Chinese Communist government also blacklisted an American apparel company and restricted exports of five critical rare earth mineral products to the United States, ratcheting up pressure on the defense, solar energy, and electric vehicle sectors.
“Compared with the blanket US tariffs, China’s measures – which target US exports of liquefied natural gas, coal, crude oil and farm equipment as w
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Read MoreBy the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
Section 1.
The United States noticed its withdrawal from the World Health Organization (WHO) in 2020 due to the organization’s mishandling of the COVID-19 pandemic that arose out of Wuhan, China, and other global health crises, its failure to adopt urgently needed reforms, and its inability to demonstrate independence from the inappropriate political influence of WHO member states.
In addition, the WHO continues to demand unfairly onerous payments from the United States, far out of proportion with other countries’ assessed payments. China, with a population of 1.4 billion, has 300 percent of the population of the United States, yet contributes nearly 90 percent less to the WHO.
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Read MoreThe genocide in Gaza portends the emergence of a dystopian world where the industrialized violence of the Global North is used to sustain its hoarding of diminishing resources and wealth.
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Read MoreThis week, the Canadian Trucking Alliance (CTA) and the Coalition of Concerned Manufacturers and Businesses Canada (CCMBC) demanded that Prime Minister Justin Trudeau allow Parliament to resume in order to face the looming threat of 25 percent tariffs from the United States.
“Parliament is where the business of government functions and so it’s imperative it is restarted as we face this crisis,” CTA president Stephen Laskowski said in a press release.
“As a nation, we must support Team Canada to withstand these unfair tariffs, while also sending a strong message to the Americans that we are ready at the highest levels to work together,” he continued.
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Read More“It’s important in the current economic environment that we engage with our counterparts in the United States to emphasize the shared benefit of trade between our two countries and turn the conversation towards building on those strengths rather than jeopardizing them with tariffs,” said Moe.
The United States is Saskatchewan’s largest trading partner, with approximately $40 billion worth of goods crossing the border annually. Moe will use these meetings to stress the importance of tariff-free trade, which allows businesses in both countries to add value to products and economies.
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Read MoreNew CMHC data yesterday confirmed cabinet will not achieve its target on housing affordability. Housing starts nationwide are hundreds of thousands short of minimum levels required with the federal insurer predicting 2025 construction will “slow down.”
“We expect housing starts to slow down over the forecast period,” CMHC wrote in its 2025 Housing Market Outlook. Urban starts numbered 227,697 last year. At least 650,000 yearly starts are needed to meet cabinet’s target of 3.9 million new homes by 2031.
“The slowdown is primarily due to fewer condominium apartments being built,” wrote Canada Mortgage and Housing Corporation. “With low investor interest and more young families looking for family-friendly homes, developers will find it harder to sell enough units to fund new projects. The increase in unsold units will likely reduce new project launches.”
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