An actual investment provides an identifiable return on invested capital. Slush funds don’t.
Industry Minister Francois Philippe Champagne says he’s telling his department to prioritize investments in projects that primarily use Canadian steel and aluminum — part of Ottawa’s reply to the Trump administration’s trade war.
I called it: The Canadian Uni Party wants to burn Canada to the ground and their job is to help themselves to the loot before the bankruptcy trustees close in.
https://www.independent.co.uk/news/world/americas/us-politics/stephen-harper-canada-us-independence-b2696952.html
Former Canadian leader says citizens should accept ‘any level of damage’ for independence
‘I would be prepared to impoverish the country and not be annexed, if that was the option we’re facing,’ Stephen Harper says
… prime minister-designate Mark Carney said that proceeds from Canadian tariffs should go to supporting workers in affected industries and promised to “double down” on partnerships between the federal government and industry.
Yes. Slush Funds for The Workers, comrades!
No … your government won’t be USING actual STEEL or ALUMINUM to build REAL things and keep those workers … working. But will be “supporting” workers … pssst … you’re all on welfare now. Thank you President Trump! For expanding Canada’s welfare State. Hurry up Canada … import some black and brown “newcomers” to become steelworkers, err welfare recipients.
@Kenji:
Like the COVID payouts. Time to speed up the printing presses again.
https://youtu.be/dGAHQnQE0k0?si=CvgAbpVa8MMIgnKx
2,987 views Feb 5, 2025
Announcing Episode I of The War for Bankocracy: Unmasking the Hidden Power of Central Banks – A Series by John Titus
Central banks appear to be preparing for a major push to dismantle rule by democratic governments. The chief task in this regard is to free the U.S. Federal Reserve from its constitutional constraints, which prevent the bank from operating in secrecy and beyond the reach of Congress.
The Solari Report is pleased to announce a new eight-part series by John Titus of Best Evidence that lays a foundation for understanding the significance of these developments. As my co-host on Money & Markets and the author of Solari’s powerful report on Sovereignty as well as our reports on the Going Direct Reset and CBDCs, no one is better qualified or positioned than John to tell this important story.
Watch Episode 1: https://solari.com/the-war-for-bankoc…
FREE SASKABERTA NOW!!!!!
The time is short before there is ZERO possible recovery.
Saskatchewan and Alberta are made up of 65% socialists and 35% red-necks. Not sure how you create a nation out of that. Adding to Saskatchewan’s woes is the high percentage of First Nations who require a lot of financial support relative to the province’s economy. In a better world Alberta and Saskatchewan would threaten succession if the equalization payments were not restructured. But within each of these two provinces the equalization of income is even greater than what they divert to Ottawa. For every red-neck pumping oil in the frigid winters of Northern Alberta there are 3-5 socialists in Edmonton or Calgary pushing paper from the left side of their desk to the right side. And they do not share your enthusiasm.
Seems like a straightforward admission that they’ve been using the Chinese and Indian materials that Trump is actually targeting.
Requiring Canadian firms to use only 100% Canadian steel and aluminum is not good for a trading nation. This is the criticism countries have of China – they export, and don’t import. But hey, don’t let me stop you from scoring on your own net.
This is not going to work out the way they think it will.
But then, they fail, they wear it.
But I digress
Anyone else willing to entertain the thought that Trump would suggest he would lift the tariffs if Canadians elect a government willing to bargain in good faith unlike the one that’s been in power?
Yank here. This is PRECISELY why I don’t want the American “Social Security” funds to be “Invested in teh stock market”. Yes, I know you invest in the markets w/ your version, and yes, this is precisely the result — politically motivated “investments”
Make Canada Cuba Again.
Hans, it is WELL on its way to becoming SnoCuba.
Some say Snow Mexico because of the amount of corruption and number of criminal organizations (Over 4000 according to the RCMP, and that doesn’t include our provincial and federal political parties).
And the abuse of the English language by government continues.
It’s NOT investment.
It’s SUBSIDIZATION.
That’s the root cause of all the trouble.
What does the steel industry hold over thes thieving, lying LIEberals?
It is not steel so much as aluminum. Quebec produces the vast majority of aluminum in this country. Of course they produce it using Bauxite imported from other countries as we have no supplies of this base ore. But the electricity is so cheap in Quebec, that they are able to import the ore and still make a profit converting it to aluminum, since the mining locations of bauxite have expensive (and non-guaranteed) electricity
Related to grant’s comment – rises in costs of beer cans. Article says that though the smelting occurs in Quebec, processing the aluminum into cans is done in the US. https://www.ctvnews.ca/vancouver/article/bc-brewers-brace-for-cost-of-cans-to-climb-as-aluminum-tariffs-take-effect/
And by my calculations, the cost of a can will rise 25% to 20 cents. Major crisis, I tell you.
Not true, but fortunately the crap they put in cans costs almost nothing to produce.
Come on, governments make wise decisions with our tax money, just look at NorthVolt for example.
The problem will be that Canada’s manufacturing sector is pretty much in the same boat as the US’. It’s been outsourced to China by greed.
Hrmm, so in 2021, we produced 57.5 million tonnes of iron ore in the form of pellets and concentrate, exported 54 million tonnes of it, and imported 8.5 million tonnes of iron ore.
Do we have enough primary furnaces to produce all the steel that we could from all that ore, or did Trudeau finally succeed in converting them to Electric Arc with government money?