TimTalk retweeted
PM Carney claimed today that industrial carbon pricing has “zero” direct or indirect impact on food prices.
That is not true.
Ottawa’s own modelling estimated millions in carbon-pricing costs for food, beverage manufacturing in 2022, when the carbon tax was $20 per tonne. Now, it's $110 per tonne. Costs do not simply disappear.
Source: Canada Gazette.
TimTalk retweeted
Good morning, well-informed National Post readers.
Any guesses what associate membership in the EU entails? Because, as usual, that’s the position this government is putting us in. Guess.
TimTalk retweeted
Food Prof: The gap in food prices between Canada & the USA is real.
The explanation is more complicated than tariffs.
TimTalk retweeted
I miss the Canada that welcomed debate and free speech, before conformity became a substitute for democracy.
TimTalk retweeted
NP View: Mark Carney has delivered little. It's time he answered for that nationalpost.com/opinion/np-…
TimTalk retweeted
"It is very telling when a prime minister declares that we are at war with the world’s largest economy, yet refuses to answer questions from the media or recall Parliament—and few political columnists even raise the issue."
TimTalk retweeted
In New York, fighting for free markets and free trade. To save Canadians money and jobs.
TimTalk retweeted
On the 25th anniversary of the September 11th terrorist attacks, we remember all who lost their lives that day, including Canadian Ken Basnicki.
Pretty solid couple of minutes. No hesitation. Just answers questions. Solid.
Pierre Poilievre on Kudlow laid out a simple, grown-up case for Canada and the United States
Canada will never be the 51st state. It is America’s closest friend — the country that took in 33,000 stranded Americans after 9/11 and later sent 40,000 soldiers to Afghanistan
He wants tariffs down in both directions so both countries get richer. The F-150 has been America’s best-selling truck for decades. A lot of it is built with Canadian aluminum. America is short on power; aluminum is boxed electricity. Keep the metal flowing and the truck stays more affordable. Canadian softwood lumber can make homes cheaper. Canadian oil already trades at a discount. Another pipeline to Texas means more refinery jobs and lower gas prices
His word salad free plan for Canada: the fastest permits in the world, lower taxes on energy, work, and home-building, and fewer needless regulations. Fourth in oil, fifth in natural gas, third in uranium, the longest coastline, and people who still know how to build things. The national economy is flat right now but the potential is not
Next election in two and a half years. He’ll run again
Country first. Freer trade. More energy. More housing. More jobs on both sides of the border. Solid and straight forward @larry_kudlow @PierrePoilievre
TimTalk retweeted
"After weeks of good faith and intensive efforts between U.S. and Canadian negotiators, Canada walked away from a near-final trade deal that offered better treatment than any other trading partner, and instead Canada chose to embark on senseless retaliation against the United States,” said Ambassador Greer." ustr.gov/about/policy-office…
TimTalk retweeted
Before talks broke down, it looked like things were going well. On the evening of Aug. 18, Trump exuberantly declared on Truth Social that Canada and the U.S. had a “DEAL” (pending finalized documents) and that Keystone XL “may be awoken from the grave!” LeBlanc posted a picture of himself with Greer, saying they were working towards a finalized agreement.
That same day, a Leger poll was released that found that a majority of Canadians polled earlier that week, when talks had resumed, said the government should draw a hard line and not make more concessions. At least one Canadian journalist echoed this sentiment.
It wasn’t hard to see that Carney — with all his talk of elbows and never ever getting back together — hadn’t prepared Canadians for concessions. The anti-Americanism had reached such a fever pitch that it wouldn’t matter what deal was offered, Canadians who hadn’t seen it weren’t going to accept it, on principle.
nationalpost.com/opinion/ter…
TimTalk retweeted
Ian Lee offers a wake-up call on Canada-US trade leverage:
“Why don’t we Canadians tariff products that will hurt them, like potash, oil and gas?”
“These are the natural resources. Natural resources are commodities. That means there’s a single price… Most of those natural resource commodities are a world price and you can source them… often from other countries around the world.”
On size: “The totality of our exports, 400 billion going to the States is 1.5% of US GDP. And I don’t think anyone’s going to argue you can bring down any company or country because they lose 1.5%.”
“Even if we eradicated all exports to the United States, it would affect 1.5% of US GDP.”
“They’re so large at 32 trillion and we are relatively so small that we don’t have the leverage or the clout or the muscle… to inflict serious pain on the United States.”
“This is arithmetic, this isn’t theory. The numbers do not support the idea that a 2 trillion economy can devastate a 32 trillion economy that can source from the rest of the world.”
Commodities have world prices. Canada’s entire export book to the US is a rounding error on a $32T economy. That’s the constraint @SprottSchool
TimTalk retweeted
Canadians reject higher taxes, retirement losses and job-loss risk as consequences of trade war
Respondents find increased job-loss unacceptable. A majority find tax increases of as little as $500 unacceptable. Even retirement savings hits of 5% were deemed unacceptable.
4/4
TimTalk retweeted
“Past a certain point, ignoring context becomes culpable; past another, it becomes willful obtuseness; past a third, it is suggestive of misplaced loyalties & it would be no less obtuse to deny it.“ - Basic 🇨🇦 instinct. If we don’t share @acoyne’s framing, we are disloyal?❌
Opinion: It’s not disloyal to criticize the government’s handling of a trade war – but it can be theglobeandmail.com/opinion/…
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The reasons why the Liberals walked away from trade with the U.S. and the larger deal are far too mysterious for Canadians to support this "war," writes Terry Newman
nationalpost.com/opinion/ter…
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A country is not united because everyone chooses the same side; it is united because disagreement is not mistaken for disloyalty. Patriotism means defending Canada’s interests, not suspending judgment whenever someone waves the flag.
Conformity is not unity.
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So, am I to understand we passed up golden dome defence to be protected by the EU? How, exactly, is that supposed to work?
We won't pay our fair share in NATO, but we have joined the EU’s $175 billion military procurement fund???
BREAKING: The EU and Canada are set to announce a massive "all encompassing" partnership which will range from trade to security after President Trump's latest tariffs, per Bloomberg.
Details include:
1. Canada and the EU seek to build a new alliance to "offset the global power politics dominated by the US and China"
2. The partnership is expected to be announced on September 16th
3. Short of EU membership, the EU and Canada want to "get as close as legally possible"
4. Canada was also the first country outside of the EU to join the EU’s $175 billion military procurement fund
The trade war and AI are redefining global power dynamics.