The new guy doesn’t sound a whole lot different than Starmer. Good luck with your voting choices, Britain. You’ll soon be back to the dreary 70’s at this rate.
He said that greater public control over water, energy and transportation can drive economic growth and ease households’ financial burden, though it’s unclear to what extent he plans to reverse decades of privatization of key pillars of the economy.
Thus far in the conflict with Iran, oil price spikes have been moderated thanks to the ongoing release of oil from the Strategic Petroleum Reserve. A potential problem is that those reserves cannot be drained anywhere close to zero. If that’s the case, then we may have already hit the bottom of the barrel.
The level will drop to about 243 million if Trump releases a final batch of 39 million barrels from a March agreement with the International Energy Agency.
Siddharth Misra, a professor of petroleum engineering at Texas A&M University, said that while the absolute physical floor for the SPR is 70 million barrels, the practical minimum level for safe operations is close to 250 million barrels.
Were the latest CRTC mandates, and justifiable American opposition to them, the excuse for claiming a supposed threat to Quebecois culture and ending the trade talks? None of that would surprise me. In any case, it’s an incredibly stupid hill to die on and it sickens me that Canadians seem happy to go along with that.
Prime Minister Mark Carney has said the U.S. put pressure on Canada to adjust its position on rules around discoverability of content online, and that U.S. demands would have affected Canada’s ability to protect its culture, including the French language.
Given what I know about the Canadian political classes, I didn’t expect any of them to call out Blubber Dougie on his renewed advocacy of economic suicide for Canada. But who put duct tape over the mouths of our captains of industry? Any miner that shut off legally contracted mineral exports to the US would be successfully sued in a matter of hours and go bankrupt within days.
“He underestimates Canada. We’re all in,” Ford said. “Up here, we’re at a fever pitch, everyone’s in for an economic war. They know they’re going to have to sacrifice.”
Ford said “everything is on the table” if the dispute worsens, including cutting off electricity and critical minerals from Ontario. He also called for Canada to consider using oil and potash as leverage.
“I’ll cut them off,” Ford said of critical minerals. “You won’t get a grain of sand out of Ontario.”
Here’s a suggestion for the government of Japan: maybe, just maybe, dial back the borrowing and spending spree and the bond markets might not be so jittery.
Japan is running low on options to fight a bond rout that could push debt financing costs above government estimates, leaving Prime Minister Sanae Takaichi’s ambitious spending agenda hostage to forces she can’t control.
The global bond selloff has found its epicentre in Japan with the benchmark 10-year yield on the brink of hitting 3% for the first time since the mid-1990s, as investors grow increasingly nervous about the country’s towering debt pile and inflation risks stemming from the Middle East war.
As of yesterday social media has been chock full of posts from Carney’s water carriers desperately trying to rationalize a defeat into victory. Good luck with that. All that remains now is to declare than any trade deal is a good deal so that the remaining provinces can safely lift the ban on American booze while hoping that no one remembers their idiocy.
“If I were leading the country, I’d fight. I think we should fight this guy,” he told the station.
Kinew said Manitoba still has to see some details, but if the booze goes back on shelves, his government reserves the right to pull it back off again if U.S. President Donald Trump changes terms.
Looks like most Canadian positively thirst for economic suicide. Given the results of the last election, I’m not shocked.
Three in four respondents supported the idea of a special tax on electricity sold to the United States. Almost as many — 70 per cent — supported a special tax on all oil and natural gas exports to the United States and 63 per cent want a tax on potash exports.
The poll shows 64 per cent of respondents support banning the sale of all U.S. liquor in Canada…
What else do you expect from the denizens of Hogtown? Sophie Cunningham deserves applause, not boos, for speaking out against the risk of getting plastered onto the floor by a player who might be 50 percent bigger than her.
Sophie Cunningham tried to laugh off the boos that dogged her at Scotiabank Arena on Tuesday night.
Cunningham said in an interview with ESPN on July 21 that WNBA players shouldn’t have to play against “biological men,” referring to transgender women.
Here’s an idea: tell water and sewer utilities to levy sufficient charges to cover the cost of capital improvements and replacement of infrastructure. Then the federal and provincial governments can put their money into real infrastructure projects such as twinning the trans-Canada highway in northern Ontario and BC. We ought to be ashamed of the fact that Mexico has more sensible highway systems than we do.
Ontario and Ottawa are announcing up to $1 billion to help municipalities in the province build infrastructure for more homes.
The money will go to municipalities that do not collect development charges for things like roads, bridges and water systems.
What’s the point of such half-measures? Do the Tories think that voters would reject the idea of permanent tax relief? Why does the idea of strongly differentiating themselves from the Liberals seem to fill them with dread? In fact, why not openly call for the elimination of the industrial carbon tax and lower gas prices by taking that route?
Conservative Leader Pierre Poilievre says the federal government should give Canadians at least another 10 months of relief at the pumps.
As a Manitoban, sometimes I console myself with the knowledge that at least I don’t live in Quebec. Over there, the party that champions the cause of government inspectors telling you how to spell hamburger is trying to assure Anglophones that there’s really nothing to worry about if you vote for them.
“Underneath that pledge is also the fact the anglos don’t fear the PQ any more since anglos and francos share the same realities and concerns. Public discourse has too often encouraged the mistaken belief that the concerns of French-speaking and English-speaking Quebecers are fundamentally at odds.
I’ve noticed that political party lines are becoming increasingly blurred these days, and not just in Canada. Are we getting to the point where we don’t have many real choices any more, or is that just the way it’s always been?
Under socialism, government owns the means of production, which the U.S. government increasingly wants to do. In June, through $750 million in investments, it took minority equity stakes in two semiconductor companies. In July, through up to $874 million in additional funding, it took minority equity stakes in six more and increased its ownership of a seventh. The Cato Institute counts 30 companies in the federal government’s expanded corporate portfolio. “Republicans warning that communists are taking over the Democratic Party might first ask why their own administration is so eager to have the government acquire pieces of private companies,” Cato analyst Tad DeHaven suggested.
Can someone make this make sense? With the Carney government having raised tariffs on imported steel, some Western Canadian users of steel now find that they’re uncompetitive. Rather than instantly resolve the problem by dropping the tariffs, taxpayers will instead be forced to cover half the shipping costs of steel orders from mills in the east.
Under a new Commodities Sectoral Support Program announced on Monday, steel shippers can apply for a rebate that will offset 50 per cent of the costs to ship domestic steel by rail or marine transport across provinces and territories.
“There’s no rebar business in B.C. that’s flourishing right now,” Michaud said. “Everybody is doing the work, just at a massively reduced profit margin. Shipping it from the East is just not very good financially.”
Faced with widespread backpedaling on the most useless aspects of the climate science cult, hacks like Gwynne Dyer just double down: since we can’t jettison fossil fuels fast enough, let’s just embark on an attempt to do nothing less than geoengineer the weather as if the earth were connected to a house thermostat. What could possibly go wrong?
Cutting our carbon dioxide and methane emissions, while it is still vital, cannot act fast enough….
What can act fast enough is Solar Radiation Management (SRM for short). That includes any technique that reflects some incoming sunlight back into space and cools the planet, but the most promising one involves putting some reflective substance into the stratosphere.
Assuming that New Brunswick puts the seized cigarettes back on the shelf and eventually collects the tax, the cost of the enforcement efforts still amount to a net loss to taxpayers.
Authorities in New Brunswick say they’ve seized millions of contraband cigarettes that represent $1.1 million in lost tax revenue.
Today’s announcement by public safety officials was the first since the province’s Liberal government invested $1.2 million to support contraband enforcement in the spring budget.
I remember when Popular Mechanics used to be an insightful, informative publication. Not so any more. These days, they just regurgitate the same kind of claims that worked so well to gin up public hysteria during the pandemic.
Biofouling may result in a massive marine super-spreader event if preventative measures prove inadequate.
This exposure could turn into a biological apocalypse.
And on top of all that, some species notorious for biofouling can also become parasitic to native species, which can then cause outbreaks of disease that threaten many host species and (depending on the parasite) could possibly infect humans.
Ignoring the obvious contradiction in the funding announcement, why are we throwing even more tax dollars at a chronic money loser? There was a time when Canada built plenty of locomotives, but apparently we lost all that knowledge and now need to relearn it. Who knew?
“Locomotive assembly is returning to Canada,” Transport Minister Steven MacKinnon said Wednesday at a news conference in Montreal, where the plant will be built.
Ottawa says the trains will be built by Switzerland-based Stadler. The first nine are to be built in Spain, while the remaining 36 will be built in Canada after Canadian workers learn how to assemble them from their Spanish counterparts.
It’s all well and good to end the requirements for useless ingredients for streaming services, but why turn around and pay streamers directly for stuff no one watches?
The federal government will “eliminate” the financial contribution requirement for streamers set by the CRTC and replace it with government funding, it said in a court document.
Nonetheless, it’s anyone’s guess as to whether this will actually happen or not.
The office of Culture Minister Marc Miller did not immediately respond when asked to clarify the government’s stance or state whether the government plans to eliminate the contribution requirement permanently or temporarily.
When the Liberal backroom boys start to admit that the rest of the world couldn’t care less about Canada, you just know that your chances of “sticking it” to Trump are somewhere between slim and zero.
Clow said that while the world should have stuck together 18 months ago, it would be the wrong approach for Canada to unilaterally retaliate now.
“The ship has kind of sailed here,” he said. “For Canada to now move on its own and implement a whole bunch of retaliatory tariffs, I think, would leave us even more exposed to further escalation and further pain from the Trump administration.”
Well, maybe everything except for an end to supply mismanagement and the US booze ban. It never occurs to our political masters that concessions on those items would actually be a win/win for everyone. David Eby needs to be reminded that Canada is like the guy at the poker table holding deuce-seven off suit. An all-in bet probably wouldn’t be a wise choice.
Ford called for tit-for-tat tariffs on Tuesday and suggested the provinces could “dismantle the U.S. if we wanted to” by exerting pressure through energy exports.
“If you need cards to get the agreement that we need on softwood lumber, to get the agreement that we need on growing prosperity for Americans and for Canadians again … then British Columbia will be there,” Eby said.