🇨🇦🏚️ Canada’s Housing Crisis Worsens as Construction Slows, Prices Climb
Internal federal records paint a grim picture of housing affordability in Canada—confirming what millions already feel. Newly released briefing documents for Housing Minister Gregor Robertson warn that both vulnerable and middle-class Canadians are being squeezed out of the housing market, as rental supply tightens and prices climb.
Toronto is reportedly on track for its lowest number of housing starts in 30 years, and national growth in construction has flatlined. Since 2020, the cost to build a home in Canada has surged 58%, and U.S. tariffs may push it even higher.
The documents also reveal Canada has fallen behind in providing non-market affordable housing. Just 4% of housing in Canada is offered below market rate—well below the OECD average of 7%. Meanwhile, homeless shelter use jumped 43% between 2020 and 2023, and people are staying longer, suggesting growing barriers to re-entry into stable housing.
Even middle-class families are being pushed out of the market and forced to rent longer, adding pressure to already strained rental inventories. Rapid population growth is compounding the crisis, though Ottawa’s internal forecasts suggest that slowing immigration could reduce housing pressure—while also cooling economic activity.
In response, Prime Minister Mark Carney confirmed this week that the government will soon launch a Build Canada Homes agency to fast-track construction and push the sector to adopt modern technologies. But as shelter use rises and housing starts stall, the question remains: Is it too little, too late?
#Canada
🍁 Maple Chronicles
Internal federal records paint a grim picture of housing affordability in Canada—confirming what millions already feel. Newly released briefing documents for Housing Minister Gregor Robertson warn that both vulnerable and middle-class Canadians are being squeezed out of the housing market, as rental supply tightens and prices climb.
Toronto is reportedly on track for its lowest number of housing starts in 30 years, and national growth in construction has flatlined. Since 2020, the cost to build a home in Canada has surged 58%, and U.S. tariffs may push it even higher.
The documents also reveal Canada has fallen behind in providing non-market affordable housing. Just 4% of housing in Canada is offered below market rate—well below the OECD average of 7%. Meanwhile, homeless shelter use jumped 43% between 2020 and 2023, and people are staying longer, suggesting growing barriers to re-entry into stable housing.
Even middle-class families are being pushed out of the market and forced to rent longer, adding pressure to already strained rental inventories. Rapid population growth is compounding the crisis, though Ottawa’s internal forecasts suggest that slowing immigration could reduce housing pressure—while also cooling economic activity.
In response, Prime Minister Mark Carney confirmed this week that the government will soon launch a Build Canada Homes agency to fast-track construction and push the sector to adopt modern technologies. But as shelter use rises and housing starts stall, the question remains: Is it too little, too late?
#Canada
🍁 Maple Chronicles
💩8🤬5❤2👍2
🇨🇦 Canada Fast-Tracks Copper Projects Amid Global Scramble for ‘Power Metal’
Ottawa has designated two new copper mines — McIlvenna Bay in Saskatchewan and an expansion at Red Chris in B.C. — as fast-tracked “nation-building” projects, citing national security, economic resilience, and global energy needs. Copper, the world’s third-most-used metal, is vital for electric vehicles, AI-driven data centers, and green infrastructure, but Canada’s production has dropped by over 22% in the last decade, losing ground in global rankings.
Prime Minister Mark Carney says these projects must “strengthen Canada’s autonomy, our resilience and our security,” while Natural Resources Minister Tim Hodgson accused Beijing of manipulating copper prices and using the mineral as a “tool of coercion.” China processes nearly half the world’s copper, though it doesn’t yet dominate extraction like it does with rare earths.
Despite holding copper reserves and refining capacity, Canada only produces 2% of the global supply. Experts say it’s playing catch-up in a tightening market, with Anglo American’s bid for Canadian giant Teck Resources seen as a wake-up call. Ottawa’s late pivot to copper is driven in part by U.S. trade tensions with China, including recent tariffs on semi-finished copper goods.
Mining analysts suggest Canada could scale up to 7–8% of global copper output by 2045, but warn that this level of growth needed to begin years ago. With Chile still dominating global supply at 30%, some question whether Ottawa’s copper revival will come fast enough to reshape global supply chains — or if Canada has simply arrived late to its own party.
#Canada
🍁 Maple Chronicles
Ottawa has designated two new copper mines — McIlvenna Bay in Saskatchewan and an expansion at Red Chris in B.C. — as fast-tracked “nation-building” projects, citing national security, economic resilience, and global energy needs. Copper, the world’s third-most-used metal, is vital for electric vehicles, AI-driven data centers, and green infrastructure, but Canada’s production has dropped by over 22% in the last decade, losing ground in global rankings.
Prime Minister Mark Carney says these projects must “strengthen Canada’s autonomy, our resilience and our security,” while Natural Resources Minister Tim Hodgson accused Beijing of manipulating copper prices and using the mineral as a “tool of coercion.” China processes nearly half the world’s copper, though it doesn’t yet dominate extraction like it does with rare earths.
Despite holding copper reserves and refining capacity, Canada only produces 2% of the global supply. Experts say it’s playing catch-up in a tightening market, with Anglo American’s bid for Canadian giant Teck Resources seen as a wake-up call. Ottawa’s late pivot to copper is driven in part by U.S. trade tensions with China, including recent tariffs on semi-finished copper goods.
Mining analysts suggest Canada could scale up to 7–8% of global copper output by 2045, but warn that this level of growth needed to begin years ago. With Chile still dominating global supply at 30%, some question whether Ottawa’s copper revival will come fast enough to reshape global supply chains — or if Canada has simply arrived late to its own party.
#Canada
🍁 Maple Chronicles
👍5❤4🤡3🤔2😁1💩1💯1
🇨🇦 Poilievre to Address Caucus as Conservatives Target Cost of Living, Crime, and Immigration
Conservative leader Pierre Poilievre will deliver a keynote address to his caucus this Sunday, outlining the party’s priorities ahead of Parliament’s fall session. He’s expected to hammer the government over affordability, crime, unemployment, and immigration—areas the Tories argue the Carney government is failing to address.
In a recent open letter to Prime Minister Mark Carney, Poilievre promised to “relentlessly hold your government to account,” while previewing the party’s signature legislation: the Canadian Sovereignty Act. That bill would scrap the West Coast oil-tanker ban, eliminate the industrial carbon tax, and axe the emissions cap—moves the Conservatives say would make Canada “open for business.”
Over the summer, Poilievre sharpened his rhetoric, accusing Carney of presiding over a “Seinfeld summer”—delivering, in his words, “a show about nothing.” In a Friday interview, he slammed Ottawa’s recent LNG and copper mine announcements, claiming Carney “hasn’t delivered a permit for a single nation-building project” after six months in office.
On crime, Poilievre says his caucus will introduce the “Jail Not Bail Act” to reverse parts of Bill C-75, which currently encourages early release under lenient bail conditions. The Conservatives claim this has led to rising crime and repeat offenses, particularly in urban areas.
Immigration is also poised to take center stage. Poilievre says the temporary foreign worker program should be scrapped and replaced with a stand-alone program for essential agricultural labour only. He blames the current system for driving down wages and shutting out Canadian youth, while emphasizing that the fault lies with federal policy—not immigrants themselves.
Polling suggests public attitudes are shifting fast. A Nanos survey shows nearly 3 in 4 Canadians now support reducing immigration levels. Another poll from Abacus Data ranks immigration as a top-three concern for nearly a third of voters—an issue that has rapidly moved from political afterthought to national priority.
Carney has signaled a review of the temporary foreign worker program is underway. He says business leaders continue to flag both tariffs and labour shortages as top challenges, and that immigration will remain a major topic of internal government review this fall.
#Canada
🍁 Maple Chronicles
Conservative leader Pierre Poilievre will deliver a keynote address to his caucus this Sunday, outlining the party’s priorities ahead of Parliament’s fall session. He’s expected to hammer the government over affordability, crime, unemployment, and immigration—areas the Tories argue the Carney government is failing to address.
In a recent open letter to Prime Minister Mark Carney, Poilievre promised to “relentlessly hold your government to account,” while previewing the party’s signature legislation: the Canadian Sovereignty Act. That bill would scrap the West Coast oil-tanker ban, eliminate the industrial carbon tax, and axe the emissions cap—moves the Conservatives say would make Canada “open for business.”
Over the summer, Poilievre sharpened his rhetoric, accusing Carney of presiding over a “Seinfeld summer”—delivering, in his words, “a show about nothing.” In a Friday interview, he slammed Ottawa’s recent LNG and copper mine announcements, claiming Carney “hasn’t delivered a permit for a single nation-building project” after six months in office.
On crime, Poilievre says his caucus will introduce the “Jail Not Bail Act” to reverse parts of Bill C-75, which currently encourages early release under lenient bail conditions. The Conservatives claim this has led to rising crime and repeat offenses, particularly in urban areas.
Immigration is also poised to take center stage. Poilievre says the temporary foreign worker program should be scrapped and replaced with a stand-alone program for essential agricultural labour only. He blames the current system for driving down wages and shutting out Canadian youth, while emphasizing that the fault lies with federal policy—not immigrants themselves.
Polling suggests public attitudes are shifting fast. A Nanos survey shows nearly 3 in 4 Canadians now support reducing immigration levels. Another poll from Abacus Data ranks immigration as a top-three concern for nearly a third of voters—an issue that has rapidly moved from political afterthought to national priority.
Carney has signaled a review of the temporary foreign worker program is underway. He says business leaders continue to flag both tariffs and labour shortages as top challenges, and that immigration will remain a major topic of internal government review this fall.
#Canada
🍁 Maple Chronicles
🤡15😁6❤2💩1👀1
🇨🇦 Carney Launches ‘Build Canada Homes’ to Tackle Housing Crisis
Prime Minister Mark Carney announced the launch of Build Canada Homes on Sunday, a new federal housing agency tasked with overseeing national programs and accelerating residential construction. The agency will have the authority to approve development on public lands and fund early-stage housing projects—a move the Liberals say will “supercharge” homebuilding across the country.
The new agency was a key pillar of the Liberals’ election pledge to double the rate of housing construction nationwide. Carney said the initiative will work with provinces, territories, Indigenous communities, and private developers to deliver deeply affordable, transitional, and middle-class housing. Ana Bailão, a former Toronto city councillor with housing expertise, has been tapped to lead the agency as CEO.
Build Canada Homes will begin by deploying an initial $13 billion to fund the construction of 4,000 modular homes on six national sites. Construction is expected to begin in 2026, according to federal officials.
The announcement comes as housing pressures continue to mount across major Canadian cities. While CMHC reports housing starts in the first half of 2025 are near all-time highs, it also warns that Toronto is on pace for its lowest condo construction in 30 years, and Vancouver has slowed compared to 2024.
Opposition leader Pierre Poilievre criticized the announcement, calling the new agency another layer of Liberal bureaucracy. He argues that tying federal infrastructure funds to municipalities that speed up permitting and drop development fees would be a faster solution.
Poilievre has also renewed calls to eliminate the capital gains tax on reinvested homebuilding profits and scrap the 5% federal sales tax on homes under $1.3 million—measures he says would directly incentivize supply.
CMHC projects Canada will need to double its housing starts to 480,000 per year by 2035 to meet surging demand. While some cities like Calgary, Ottawa, and Halifax are booming with rental builds, others like Toronto remain deeply constrained—raising questions about whether the new agency can truly close the gap.
#Canada
🍁 Maple Chronicles
Prime Minister Mark Carney announced the launch of Build Canada Homes on Sunday, a new federal housing agency tasked with overseeing national programs and accelerating residential construction. The agency will have the authority to approve development on public lands and fund early-stage housing projects—a move the Liberals say will “supercharge” homebuilding across the country.
The new agency was a key pillar of the Liberals’ election pledge to double the rate of housing construction nationwide. Carney said the initiative will work with provinces, territories, Indigenous communities, and private developers to deliver deeply affordable, transitional, and middle-class housing. Ana Bailão, a former Toronto city councillor with housing expertise, has been tapped to lead the agency as CEO.
Build Canada Homes will begin by deploying an initial $13 billion to fund the construction of 4,000 modular homes on six national sites. Construction is expected to begin in 2026, according to federal officials.
The announcement comes as housing pressures continue to mount across major Canadian cities. While CMHC reports housing starts in the first half of 2025 are near all-time highs, it also warns that Toronto is on pace for its lowest condo construction in 30 years, and Vancouver has slowed compared to 2024.
Opposition leader Pierre Poilievre criticized the announcement, calling the new agency another layer of Liberal bureaucracy. He argues that tying federal infrastructure funds to municipalities that speed up permitting and drop development fees would be a faster solution.
Poilievre has also renewed calls to eliminate the capital gains tax on reinvested homebuilding profits and scrap the 5% federal sales tax on homes under $1.3 million—measures he says would directly incentivize supply.
CMHC projects Canada will need to double its housing starts to 480,000 per year by 2035 to meet surging demand. While some cities like Calgary, Ottawa, and Halifax are booming with rental builds, others like Toronto remain deeply constrained—raising questions about whether the new agency can truly close the gap.
#Canada
🍁 Maple Chronicles
🤮14💩4🤔3👍2🤡1
🇨🇦 Poilievre Unveils ‘Jail Not Bail Act’ Amid Surging Crime Concerns
Conservative Leader Pierre Poilievre announced new legislation aimed at tightening Canada’s bail system, citing an alarming spike in violent crime across major urban centres. Standing in front of a home in Woodbridge, Ontario—fortified with $100,000 in bulletproof glass and surveillance upgrades—Poilievre used the site as a stark symbol of how safety is becoming a luxury in today’s Canada.
The proposed “Jail Not Bail Act” would amend elements of Bill C-75, which currently instructs judges to grant bail at the earliest opportunity with minimal conditions. Critics of the status quo argue that violent offenders are being released far too easily—often with fatal consequences. Poilievre referenced the murder of Bailey McCourt in Kelowna, B.C., allegedly by her ex-husband shortly after he was released on bail.
MP Arpan Khanna, who secured a top spot in the private member’s bill lottery, will sponsor the legislation. If passed, it would represent a significant shift in Canada’s justice system, tilting the balance toward longer pretrial detentions for repeat violent offenders.
Poilievre’s announcement comes as national polling shows crime has overtaken tariffs as a top concern for Canadians, especially in cities like Toronto and Vancouver where random assaults, home invasions, and organized theft rings are dominating headlines.
The Conservative leader was joined by families affected by violent crime, who shared personal stories to highlight the human cost of a lenient bail system. He challenged Parliament to back the bill across party lines, warning that failure to act would be “letting Canadians down once again.”
While the bill is not yet law, it signals a major campaign pillar for the Conservatives as they sharpen their focus on public safety—a shift that may resonate with voters increasingly frustrated by what they see as a broken justice system too focused on "rehabilitation" and not enough on deterrence.
#Ontario
🍁 Maple Chronicles
Conservative Leader Pierre Poilievre announced new legislation aimed at tightening Canada’s bail system, citing an alarming spike in violent crime across major urban centres. Standing in front of a home in Woodbridge, Ontario—fortified with $100,000 in bulletproof glass and surveillance upgrades—Poilievre used the site as a stark symbol of how safety is becoming a luxury in today’s Canada.
The proposed “Jail Not Bail Act” would amend elements of Bill C-75, which currently instructs judges to grant bail at the earliest opportunity with minimal conditions. Critics of the status quo argue that violent offenders are being released far too easily—often with fatal consequences. Poilievre referenced the murder of Bailey McCourt in Kelowna, B.C., allegedly by her ex-husband shortly after he was released on bail.
MP Arpan Khanna, who secured a top spot in the private member’s bill lottery, will sponsor the legislation. If passed, it would represent a significant shift in Canada’s justice system, tilting the balance toward longer pretrial detentions for repeat violent offenders.
Poilievre’s announcement comes as national polling shows crime has overtaken tariffs as a top concern for Canadians, especially in cities like Toronto and Vancouver where random assaults, home invasions, and organized theft rings are dominating headlines.
The Conservative leader was joined by families affected by violent crime, who shared personal stories to highlight the human cost of a lenient bail system. He challenged Parliament to back the bill across party lines, warning that failure to act would be “letting Canadians down once again.”
While the bill is not yet law, it signals a major campaign pillar for the Conservatives as they sharpen their focus on public safety—a shift that may resonate with voters increasingly frustrated by what they see as a broken justice system too focused on "rehabilitation" and not enough on deterrence.
#Ontario
🍁 Maple Chronicles
💩12❤5😁3
🇨🇦✈️ Canada Under Pressure: Washington Warns on F-35 Deal
Ottawa’s defence review of the C$19B-plus purchase of 88 U.S. F-35 fighter jets is set to conclude by Sept. 22.
But Washington is already rattling its sabre. According to reports, the U.S. has warned of “serious consequences” if Canada dares to walk away from the Lockheed Martin jets.
For Canada, the choice is stark: stay locked into the spiraling costs of the F-35 program—already projected to balloon toward C$30B+ or risk U.S. retaliation across defence, trade, or intelligence cooperation.
The warning underscores the uncomfortable truth: Canada’s sovereignty in defence procurement is tethered to U.S. strategic interests. Even talk of alternatives—Sweden’s Gripen, Europe’s Eurofighter—runs headlong into the U.S. military-industrial complex.
So as Ottawa weighs its options, one question looms: is this a purchase… or a shakedown?
#Canada #USA
🍁 Maple Chronicles
Ottawa’s defence review of the C$19B-plus purchase of 88 U.S. F-35 fighter jets is set to conclude by Sept. 22.
But Washington is already rattling its sabre. According to reports, the U.S. has warned of “serious consequences” if Canada dares to walk away from the Lockheed Martin jets.
For Canada, the choice is stark: stay locked into the spiraling costs of the F-35 program—already projected to balloon toward C$30B+ or risk U.S. retaliation across defence, trade, or intelligence cooperation.
The warning underscores the uncomfortable truth: Canada’s sovereignty in defence procurement is tethered to U.S. strategic interests. Even talk of alternatives—Sweden’s Gripen, Europe’s Eurofighter—runs headlong into the U.S. military-industrial complex.
So as Ottawa weighs its options, one question looms: is this a purchase… or a shakedown?
#Canada #USA
🍁 Maple Chronicles
🤬12🤯4😁3❤2💯2🤔1💩1
🇨🇦 Carney’s $500M Lumber Diversification Plan Faces Steep Uphill Battle
With U.S. duties on Canadian softwood lumber now pushing 35% under Trump’s escalating trade war, PM Mark Carney has pledged $500 million to help the sector break its 90% dependence on the American market. But history — and industry voices — suggest it won’t be easy.
B.C. Forestry Minister Ravi Parmar says shifting just 10% of exports away from the U.S. would be a win. Yet decades of attempts to diversify — into Japan, China, and Europe — have mostly fizzled. Industry insiders admit Canada’s forestry sector has done a “miserable job” diversifying, lured back every time by the proximity and scale of U.S. demand.
The new plan targets mass timber as a growth area — a high-value, eco-friendly product for prefab housing — with Europe and Asia as potential buyers. But challenges remain: most Canadian lumber is cut to imperial sizes, incompatible with global standards, and needs upgraded machinery and market-specific investment.
Markets like Vietnam, South Korea, India, and the Middle East are in focus, but insiders warn success demands long-term commitment, custom strategies per country, and supply-chain overhauls — not just one-time PR splashes.
For now, the Carney government’s push is a bold start. But whether it rewrites Canada’s lumber future or just repeats past failed attempts depends on execution — and how far Ottawa’s really willing to go to escape the U.S. stranglehold.
#Canada
🍁 Maple Chronicles
With U.S. duties on Canadian softwood lumber now pushing 35% under Trump’s escalating trade war, PM Mark Carney has pledged $500 million to help the sector break its 90% dependence on the American market. But history — and industry voices — suggest it won’t be easy.
B.C. Forestry Minister Ravi Parmar says shifting just 10% of exports away from the U.S. would be a win. Yet decades of attempts to diversify — into Japan, China, and Europe — have mostly fizzled. Industry insiders admit Canada’s forestry sector has done a “miserable job” diversifying, lured back every time by the proximity and scale of U.S. demand.
The new plan targets mass timber as a growth area — a high-value, eco-friendly product for prefab housing — with Europe and Asia as potential buyers. But challenges remain: most Canadian lumber is cut to imperial sizes, incompatible with global standards, and needs upgraded machinery and market-specific investment.
Markets like Vietnam, South Korea, India, and the Middle East are in focus, but insiders warn success demands long-term commitment, custom strategies per country, and supply-chain overhauls — not just one-time PR splashes.
For now, the Carney government’s push is a bold start. But whether it rewrites Canada’s lumber future or just repeats past failed attempts depends on execution — and how far Ottawa’s really willing to go to escape the U.S. stranglehold.
#Canada
🍁 Maple Chronicles
👍5😁2🤡2❤1
🇨🇦 Canada’s New Immigration Bill Grants Sweeping Powers to Cancel Applications — No Appeal Needed
Canada’s immigration system may never look the same again.
A newly proposed federal bill gives the Immigration Minister unilateral power to suspend or cancel immigration applications, visas, and even already-issued documents — without proof of fraud, misrepresentation, or legal wrongdoing. All that’s needed is the minister’s belief that it’s in the “public interest.”
Legal "experts" are warning this could mark a dangerous shift from due process to discretionary fiat, with no automatic right of appeal or independent oversight. Entire categories of migrants — including refugees, students, or family reunification cases — could be frozen or rejected based on opaque criteria. But shouldn't immigration be viewed as a privilege, needing to serve the public interest?
Former immigration judges are sounding the alarm, calling the bill a “power grab” that risks violating international refugee protections and undermining Canada’s legal obligations under the UN Refugee Convention. Others argue this is long overdue and that Canada must prioritize Canada's security and national interest over perceived obligations under the UN Charter.
The bill also raises the possibility of retroactive revocation — meaning individuals who already received status could be stripped of it if the government changes its mind.
Ottawa claims the bill is aimed at national security and system integrity, but critics say it could be weaponized against those from sanctioned countries, politically sensitive regions, or anyone caught in the crosshairs of geopolitical pressure.
With public opinion turning against high immigration numbers and housing markets under stress, many see this as long over due, but perhaps too little, too late.
#Canada
🍁 Maple Chronicles
Canada’s immigration system may never look the same again.
A newly proposed federal bill gives the Immigration Minister unilateral power to suspend or cancel immigration applications, visas, and even already-issued documents — without proof of fraud, misrepresentation, or legal wrongdoing. All that’s needed is the minister’s belief that it’s in the “public interest.”
Legal "experts" are warning this could mark a dangerous shift from due process to discretionary fiat, with no automatic right of appeal or independent oversight. Entire categories of migrants — including refugees, students, or family reunification cases — could be frozen or rejected based on opaque criteria. But shouldn't immigration be viewed as a privilege, needing to serve the public interest?
Former immigration judges are sounding the alarm, calling the bill a “power grab” that risks violating international refugee protections and undermining Canada’s legal obligations under the UN Refugee Convention. Others argue this is long overdue and that Canada must prioritize Canada's security and national interest over perceived obligations under the UN Charter.
The bill also raises the possibility of retroactive revocation — meaning individuals who already received status could be stripped of it if the government changes its mind.
Ottawa claims the bill is aimed at national security and system integrity, but critics say it could be weaponized against those from sanctioned countries, politically sensitive regions, or anyone caught in the crosshairs of geopolitical pressure.
With public opinion turning against high immigration numbers and housing markets under stress, many see this as long over due, but perhaps too little, too late.
#Canada
🍁 Maple Chronicles
❤18👍11🎉5👎2👏1
🇨🇦 CARNEY TELLS ANGLO: MOVE HQ TO CANADA—OR NO TECK DEAL
So much for “free markets.” PM Mark Carney reportedly gave Anglo American an ultimatum: relocate its global headquarters to Canada—or forget about acquiring Teck Resources in a US$20B takeover.
The London-based mining giant shockingly agreed, announcing plans to move its top brass—including the CEO, CFO, and deputy CEO—to Vancouver. A massive concession. And yet… the company will still be domiciled in London, keep its primary stock listing in the UK, and remain very much British in structure.
Meanwhile, the firm will slap a maple leaf on the logo—rebranding to “Anglo Teck”—and call it Canadian. Globalist sleight of hand? You bet.
Why is this allowed? Because Carney and Ottawa want the illusion of Canadian control over critical minerals while still handing the reins to foreign multinationals.
Teck’s coal business already went to Glencore. Now Carney is paving the way for another transfer of power—under the guise of “economic nationalism.” As always, the Canadian public gets symbolism. The City of London gets substance.
#Canada #UK
🍁 Maple Chronicles
So much for “free markets.” PM Mark Carney reportedly gave Anglo American an ultimatum: relocate its global headquarters to Canada—or forget about acquiring Teck Resources in a US$20B takeover.
The London-based mining giant shockingly agreed, announcing plans to move its top brass—including the CEO, CFO, and deputy CEO—to Vancouver. A massive concession. And yet… the company will still be domiciled in London, keep its primary stock listing in the UK, and remain very much British in structure.
Meanwhile, the firm will slap a maple leaf on the logo—rebranding to “Anglo Teck”—and call it Canadian. Globalist sleight of hand? You bet.
Why is this allowed? Because Carney and Ottawa want the illusion of Canadian control over critical minerals while still handing the reins to foreign multinationals.
Teck’s coal business already went to Glencore. Now Carney is paving the way for another transfer of power—under the guise of “economic nationalism.” As always, the Canadian public gets symbolism. The City of London gets substance.
#Canada #UK
🍁 Maple Chronicles
🤡13👏5🤬4❤2👍1🔥1
🇨🇦 Canada’s Inflation Creeps Back Up as Economy Slows — Rate Cuts Expected
Canada’s annual inflation rate nudged up to 1.9% in August, a modest rise from 1.7% in July, largely due to slower declines in gas prices, according to Statistics Canada. While fuel costs are still falling — helped by April’s carbon tax removal — the pace of decline has cooled, pushing the overall inflation number higher. Stripping out gas prices, core inflation actually dipped, revealing softer underlying pressures.
The real story, though, is what’s happening behind the scenes: a sluggish economy, rising joblessness, and slowing demand. With the Bank of Canada set to make a rate decision tomorrow, most economists now see a 25 basis point cut as a lock — the first since March — and more could follow if the economic drag persists.
Economists like BMO’s Douglas Porter called the inflation readout a “low-drama affair,” adding that it gives the central bank no reason to delay stimulus. CIBC’s Andrew Grantham echoed the sentiment, saying Canada has “avoided a worst-case scenario,” but desperately needs a boost, with high unemployment and weak growth creating ample slack to keep inflation contained.
Still, for everyday Canadians, the price of living hasn’t eased much where it hurts: groceries. Food inflation clocked in at 3.5%, with meat prices soaring 7.2% year-over-year — driven by higher costs for fresh beef and processed meats. That’s far outpacing wage growth in most sectors.
Some relief came in the form of fruit prices, which dropped 1.1% year-over-year, thanks to lower prices for grapes and berries. But those savings were offset by higher cellphone bills, as companies jacked up prices on back-to-school plans — even though smartphones and tablets dropped in price overall.
Meanwhile, travel services prices fell 3.8%, due to cooling demand for trips to the U.S., but hotel prices spiked in parts of Atlantic Canada, especially Nova Scotia and Newfoundland, which hosted the Canada Games in late August.
Bottom line: inflation may be “under control” on paper, but Canadians are still getting squeezed at the checkout — and the rate cut expected tomorrow may be too little, too late for many families already feeling the pinch.
#Canada
🍁 Maple Chronicles
Canada’s annual inflation rate nudged up to 1.9% in August, a modest rise from 1.7% in July, largely due to slower declines in gas prices, according to Statistics Canada. While fuel costs are still falling — helped by April’s carbon tax removal — the pace of decline has cooled, pushing the overall inflation number higher. Stripping out gas prices, core inflation actually dipped, revealing softer underlying pressures.
The real story, though, is what’s happening behind the scenes: a sluggish economy, rising joblessness, and slowing demand. With the Bank of Canada set to make a rate decision tomorrow, most economists now see a 25 basis point cut as a lock — the first since March — and more could follow if the economic drag persists.
Economists like BMO’s Douglas Porter called the inflation readout a “low-drama affair,” adding that it gives the central bank no reason to delay stimulus. CIBC’s Andrew Grantham echoed the sentiment, saying Canada has “avoided a worst-case scenario,” but desperately needs a boost, with high unemployment and weak growth creating ample slack to keep inflation contained.
Still, for everyday Canadians, the price of living hasn’t eased much where it hurts: groceries. Food inflation clocked in at 3.5%, with meat prices soaring 7.2% year-over-year — driven by higher costs for fresh beef and processed meats. That’s far outpacing wage growth in most sectors.
Some relief came in the form of fruit prices, which dropped 1.1% year-over-year, thanks to lower prices for grapes and berries. But those savings were offset by higher cellphone bills, as companies jacked up prices on back-to-school plans — even though smartphones and tablets dropped in price overall.
Meanwhile, travel services prices fell 3.8%, due to cooling demand for trips to the U.S., but hotel prices spiked in parts of Atlantic Canada, especially Nova Scotia and Newfoundland, which hosted the Canada Games in late August.
Bottom line: inflation may be “under control” on paper, but Canadians are still getting squeezed at the checkout — and the rate cut expected tomorrow may be too little, too late for many families already feeling the pinch.
#Canada
🍁 Maple Chronicles
💯8🤯5🔥2❤1
B.C. Developers Skeptical of Carney Government’s $13B ‘Build Canada Homes’ Push
A panel of B.C.-based developers voiced growing concerns Monday over Prime Minister Mark Carney’s recently announced $13-billion Build Canada Homes program, warning that the ambitious initiative could overlap with existing federal housing agencies, disproportionately benefit a few well-connected firms, and fail to address the unique realities of urban development.
“I think a lot is still unclear … in terms of what is going to be Build Canada’s domain versus CMHC’s domain,” said Cyrus Navabi, president of Qualex-Landmark Living Inc., referring to the Canada Mortgage and Housing Corporation, which already provides affordable housing financing tools. “I’m personally very skeptical about prefab and modular homes being a panacea for the country. I’m skeptical about the ability of government to efficiently deliver hundreds of thousands of homes. But mostly, I’m surprised that they are diverting energy away from CMHC.”
The panel, hosted by housing data firm Zonda Home in Vancouver, included developers and analysts from across the province. Moderator Jon Bennest, Zonda’s VP of product development, echoed Navabi’s concerns about potential overlap and confusion within Canada’s housing strategy. “To be kind of shifting your focus away from that [CMHC] to something else is kind of interesting to me,” he said. “We talk to clients out there on the rental side or doing advisory, and it’s the same where you hear, ‘Oh, it’s a challenging project but because we have CMHC, we’re good.’”
Bennest added that prefabricated homes may be ill-suited to dense, urban environments where high-rise towers and infill projects are more common. “We’re typically dealing with urban infill sites, and I don’t think that you can get those same efficiencies for a 100- or 200-unit highrise tower.”
Brad Jones, chief development officer with Wesgroup Properties LP, acknowledged the importance of expanding below-market housing, but raised questions about the delivery method and who might ultimately profit. “How they are going about it, I think it’s too early to tell. I have a lot of questions about how they are going to do it, and there might be a few modular groups that make a lot of money,” he said. “Somebody at a press conference described it to me as likely the next ArriveCAN,” he added, referencing the COVID-era app mired in procurement controversy.
Neil Chrystal, president and CEO of Polygon Realty Ltd., pointed to the need for demand-side policies as well, especially those that support buyers returning to the market. “Most governments, they seem to be afraid of demand, because they are afraid of … the investors coming back, and what they might do to displace tenants,” Chrystal said. “We need the buyers to come back.”
He noted that the recently announced GST rebate for first-time homebuyers could be expanded to include other groups: “The government could broaden the rebate to encompass investor buyers, second-time homebuyers and move-up buyers,” he said. “That will stimulate the demand that we need.”
While Carney’s promise of a nationwide prefab housing rollout is aimed at addressing Canada’s deepening housing crisis, the skepticism from developers signals a potentially rocky path ahead. The industry appears unconvinced that Ottawa’s latest solution will deliver without disrupting existing systems — or repeating past procurement fiascos.
#BC
🍁 Maple Chronicles
A panel of B.C.-based developers voiced growing concerns Monday over Prime Minister Mark Carney’s recently announced $13-billion Build Canada Homes program, warning that the ambitious initiative could overlap with existing federal housing agencies, disproportionately benefit a few well-connected firms, and fail to address the unique realities of urban development.
“I think a lot is still unclear … in terms of what is going to be Build Canada’s domain versus CMHC’s domain,” said Cyrus Navabi, president of Qualex-Landmark Living Inc., referring to the Canada Mortgage and Housing Corporation, which already provides affordable housing financing tools. “I’m personally very skeptical about prefab and modular homes being a panacea for the country. I’m skeptical about the ability of government to efficiently deliver hundreds of thousands of homes. But mostly, I’m surprised that they are diverting energy away from CMHC.”
The panel, hosted by housing data firm Zonda Home in Vancouver, included developers and analysts from across the province. Moderator Jon Bennest, Zonda’s VP of product development, echoed Navabi’s concerns about potential overlap and confusion within Canada’s housing strategy. “To be kind of shifting your focus away from that [CMHC] to something else is kind of interesting to me,” he said. “We talk to clients out there on the rental side or doing advisory, and it’s the same where you hear, ‘Oh, it’s a challenging project but because we have CMHC, we’re good.’”
Bennest added that prefabricated homes may be ill-suited to dense, urban environments where high-rise towers and infill projects are more common. “We’re typically dealing with urban infill sites, and I don’t think that you can get those same efficiencies for a 100- or 200-unit highrise tower.”
Brad Jones, chief development officer with Wesgroup Properties LP, acknowledged the importance of expanding below-market housing, but raised questions about the delivery method and who might ultimately profit. “How they are going about it, I think it’s too early to tell. I have a lot of questions about how they are going to do it, and there might be a few modular groups that make a lot of money,” he said. “Somebody at a press conference described it to me as likely the next ArriveCAN,” he added, referencing the COVID-era app mired in procurement controversy.
Neil Chrystal, president and CEO of Polygon Realty Ltd., pointed to the need for demand-side policies as well, especially those that support buyers returning to the market. “Most governments, they seem to be afraid of demand, because they are afraid of … the investors coming back, and what they might do to displace tenants,” Chrystal said. “We need the buyers to come back.”
He noted that the recently announced GST rebate for first-time homebuyers could be expanded to include other groups: “The government could broaden the rebate to encompass investor buyers, second-time homebuyers and move-up buyers,” he said. “That will stimulate the demand that we need.”
While Carney’s promise of a nationwide prefab housing rollout is aimed at addressing Canada’s deepening housing crisis, the skepticism from developers signals a potentially rocky path ahead. The industry appears unconvinced that Ottawa’s latest solution will deliver without disrupting existing systems — or repeating past procurement fiascos.
#BC
🍁 Maple Chronicles
🤔6🤡5💯3❤2⚡1
🇨🇦 Washington Wanted “Bigger” Deal with Canada—But Carney’s Team Couldn’t Deliver
In remarks that pull back the curtain on cross-border trade diplomacy, U.S. Ambassador Pete Hoekstra revealed Tuesday that the Trump administration had hoped for a much broader deal with Canada—one that extended beyond the confines of the USMCA. The original goal? A sweeping economic and defence partnership that redefined bilateral cooperation. But that vision is now officially shelved.
“Americans were hopeful that we could negotiate a bigger deal,” Hoekstra told a Canadian International Council event in Ottawa. “On trade, whether it’s energy, whether it’s automotive, whether it’s nuclear, defence… we were hoping we could take [USMCA] into something much bigger.” That door, for now, is closed.
While Prime Minister Mark Carney once hinted at a larger economic-security pact earlier this year, he has since dialed back expectations, now settling for piecemeal tariff relief and technical revisions to the current trade agreement. The slowdown in talks coincided with Trump’s August 1 deadline for new terms, and Carney’s decision to unilaterally drop retaliatory tariffs on some U.S. goods in a gesture of goodwill. So far, the U.S. has not reciprocated.
Trump has slapped brutal tariffs on Canadian industries since returning to the White House:
• 50% on steel and aluminum
• 25% on automobiles
• 35% on goods traded outside USMCA (except oil, gas, and potash, at 10%)
• Higher duties on Canadian softwood lumber
And there may be more pain ahead. Hoekstra floated the possibility of a tiered tariff system on Canadian vehicles, much like the U.S.-UK deal: low tariffs on the first 100,000 vehicles, then rising up to 27.5% for any excess. Canada currently exports 400,000 more vehicles to the U.S. than it imports.
“There’s a real chance industrial capacity gets pulled back to the U.S.,” Hoekstra warned.
Still, Hoekstra tipped his hat to Canada on China, praising Ottawa’s 100% tariffs on Chinese EVs and 25% duties on steel and aluminum—moves aligned with Washington’s strategy to economically contain Beijing. He acknowledged Canada is “paying a price” via Chinese retaliation (on canola, seafood, and agriculture), but said, “It’s contained China. Let’s work on this stuff together.”
Meanwhile, back in Ottawa, the Trudeau-Carney government appears boxed in: stuck defending USMCA, unable to deliver a grand bargain, and facing U.S. tariffs with little leverage left.
#Canada
🍁 Maple Chronicles
In remarks that pull back the curtain on cross-border trade diplomacy, U.S. Ambassador Pete Hoekstra revealed Tuesday that the Trump administration had hoped for a much broader deal with Canada—one that extended beyond the confines of the USMCA. The original goal? A sweeping economic and defence partnership that redefined bilateral cooperation. But that vision is now officially shelved.
“Americans were hopeful that we could negotiate a bigger deal,” Hoekstra told a Canadian International Council event in Ottawa. “On trade, whether it’s energy, whether it’s automotive, whether it’s nuclear, defence… we were hoping we could take [USMCA] into something much bigger.” That door, for now, is closed.
While Prime Minister Mark Carney once hinted at a larger economic-security pact earlier this year, he has since dialed back expectations, now settling for piecemeal tariff relief and technical revisions to the current trade agreement. The slowdown in talks coincided with Trump’s August 1 deadline for new terms, and Carney’s decision to unilaterally drop retaliatory tariffs on some U.S. goods in a gesture of goodwill. So far, the U.S. has not reciprocated.
Trump has slapped brutal tariffs on Canadian industries since returning to the White House:
• 50% on steel and aluminum
• 25% on automobiles
• 35% on goods traded outside USMCA (except oil, gas, and potash, at 10%)
• Higher duties on Canadian softwood lumber
And there may be more pain ahead. Hoekstra floated the possibility of a tiered tariff system on Canadian vehicles, much like the U.S.-UK deal: low tariffs on the first 100,000 vehicles, then rising up to 27.5% for any excess. Canada currently exports 400,000 more vehicles to the U.S. than it imports.
“There’s a real chance industrial capacity gets pulled back to the U.S.,” Hoekstra warned.
Still, Hoekstra tipped his hat to Canada on China, praising Ottawa’s 100% tariffs on Chinese EVs and 25% duties on steel and aluminum—moves aligned with Washington’s strategy to economically contain Beijing. He acknowledged Canada is “paying a price” via Chinese retaliation (on canola, seafood, and agriculture), but said, “It’s contained China. Let’s work on this stuff together.”
Meanwhile, back in Ottawa, the Trudeau-Carney government appears boxed in: stuck defending USMCA, unable to deliver a grand bargain, and facing U.S. tariffs with little leverage left.
#Canada
🍁 Maple Chronicles
🤡12😁5💯3❤2🥱1🗿1
🇷🇺 Zakharova Torches Freeland Appointment: “Granddaughter of a Nazi Collaborator” to Rebuild Ukraine?
Russia’s Foreign Ministry spokeswoman Maria Zakharova has slammed the Trudeau government’s appointment of Chrystia Freeland as Canada’s “Special Representative for the Reconstruction of Ukraine,” calling it a cynical move that ensures Ukraine’s future remains trapped in ruin.
“The infamous Russophobe and granddaughter of a Nazi collaborator,” Zakharova declared, referencing Freeland’s well-documented family history and vocal anti-Russian stance. “Ukraine’s crisis will go nowhere but downhill with such a representative.” The Kremlin sees this appointment not as diplomacy, but as ideological warfare, delivered in heels and a Harvard degree.
Moscow’s message is clear: if the West wants to build peace, it shouldn’t send architects of division. With Freeland at the helm, reconstruction looks more like recolonization, driven by NATO’s cynical interests, not Ukraine’s sovereignty.
🍁 Maple Chronicles
Russia’s Foreign Ministry spokeswoman Maria Zakharova has slammed the Trudeau government’s appointment of Chrystia Freeland as Canada’s “Special Representative for the Reconstruction of Ukraine,” calling it a cynical move that ensures Ukraine’s future remains trapped in ruin.
“The infamous Russophobe and granddaughter of a Nazi collaborator,” Zakharova declared, referencing Freeland’s well-documented family history and vocal anti-Russian stance. “Ukraine’s crisis will go nowhere but downhill with such a representative.” The Kremlin sees this appointment not as diplomacy, but as ideological warfare, delivered in heels and a Harvard degree.
Moscow’s message is clear: if the West wants to build peace, it shouldn’t send architects of division. With Freeland at the helm, reconstruction looks more like recolonization, driven by NATO’s cynical interests, not Ukraine’s sovereignty.
🍁 Maple Chronicles
💯32🤡8❤3🤬3🔥2👍1😁1
🇨🇦 Bank of Canada cuts key rate to 2.5% amid tariff-driven slowdown
The Bank of Canada slashed its benchmark interest rate by 25 basis points to 2.5% Wednesday, the first cut since March, as trade wars and tariffs push the economy toward stagnation.
Governor Tiff Macklem cited a weakening labour market, falling exports, and the removal of most Canadian retaliatory tariffs as reasons for the move. “With a weaker economy and less upside risk to inflation, Governing Council judged that a reduction in the policy rate was appropriate to better balance the risks going forward,” he said.
The data underline the pain: Canada’s GDP contracted 1.5% in Q2, exports collapsed 27%, and job losses are mounting in trade-sensitive sectors such as autos, steel, aluminum, and agriculture. U.S. tariffs on Canadian goods, paired with Chinese levies on canola, pork, and seafood, have hammered investment and business confidence.
Inflation clocked in at 1.9% in August, up from 1.7% in July, but still tame. Gasoline prices remain the main drag, while groceries surged 3.5%, with beef leading the spike. Core inflation trends suggest little immediate risk of overheating, giving the Bank room to cut.
Macklem acknowledged that consumption and housing activity were stronger than expected in Q2, but warned that “low population growth and weakness in the labour market” will likely sap household spending going forward.
The Bank’s decision reflects not just domestic weakness, but the unpredictability of Trump’s trade policy, which Macklem said is “having a profound effect” on Canada’s economy. For now, the central bank is signalling it will move cautiously, but economists say more cuts may follow if the tariff wars drag on.
#Canada
🍁 Maple Chronicles
The Bank of Canada slashed its benchmark interest rate by 25 basis points to 2.5% Wednesday, the first cut since March, as trade wars and tariffs push the economy toward stagnation.
Governor Tiff Macklem cited a weakening labour market, falling exports, and the removal of most Canadian retaliatory tariffs as reasons for the move. “With a weaker economy and less upside risk to inflation, Governing Council judged that a reduction in the policy rate was appropriate to better balance the risks going forward,” he said.
The data underline the pain: Canada’s GDP contracted 1.5% in Q2, exports collapsed 27%, and job losses are mounting in trade-sensitive sectors such as autos, steel, aluminum, and agriculture. U.S. tariffs on Canadian goods, paired with Chinese levies on canola, pork, and seafood, have hammered investment and business confidence.
Inflation clocked in at 1.9% in August, up from 1.7% in July, but still tame. Gasoline prices remain the main drag, while groceries surged 3.5%, with beef leading the spike. Core inflation trends suggest little immediate risk of overheating, giving the Bank room to cut.
Macklem acknowledged that consumption and housing activity were stronger than expected in Q2, but warned that “low population growth and weakness in the labour market” will likely sap household spending going forward.
The Bank’s decision reflects not just domestic weakness, but the unpredictability of Trump’s trade policy, which Macklem said is “having a profound effect” on Canada’s economy. For now, the central bank is signalling it will move cautiously, but economists say more cuts may follow if the tariff wars drag on.
#Canada
🍁 Maple Chronicles
🤡7🤔4👍2😁1
🇨🇦 Canada launches CUSMA consultations after U.S. signals no bigger trade deal
Ottawa is preparing to launch formal consultations on the Canada-U.S.-Mexico Agreement (CUSMA), after Washington kicked off its own review this week and U.S. Ambassador Pete Hoekstra made clear a broader economic pact is “not going to happen” anytime soon.
Trade Minister Dominic LeBlanc’s office confirmed Canada will soon post an official notice seeking feedback from industry leaders, provinces, territories, and Indigenous partners as it gears up for what could be months of negotiations leading into 2026.
Speaking at an event hosted by the Canadian International Council, Hoekstra said the U.S. had hoped for “a bigger deal” that went beyond CUSMA to include energy, automotive, and defence cooperation. But, he admitted, “it’s obvious, at least at this point in time, that that’s not going to happen.”
Finance Minister François-Philippe Champagne countered, saying Canada has been “proactive” with the Trump administration despite steep tariffs still in place — including a 50% levy on steel and aluminum imports. He said Ottawa has proposed a new economic and security partnership, but Washington’s tariff-first agenda has blocked progress.
Prime Minister Mark Carney, who once floated a sweeping new agreement with the U.S., has since shifted toward a series of smaller sectoral deals to help industries hurt by tariffs. Carney told MPs this week that he remains in regular contact with President Trump, even describing their relationship as a “good one,” though “not without difficulties.”
Under the original terms of CUSMA, a six-year joint review is mandatory. Mexico confirmed Wednesday it too has begun its public consultation process, with Economy Secretary Marcelo Ebrard posting a video to announce the move.
Carney and several ministers will travel to Mexico this week, in what is being seen as an effort to shore up trilateral support ahead of the review and to deepen bilateral ties before formal negotiations begin.
#Canada #USA
🍁 Maple Chronicles
Ottawa is preparing to launch formal consultations on the Canada-U.S.-Mexico Agreement (CUSMA), after Washington kicked off its own review this week and U.S. Ambassador Pete Hoekstra made clear a broader economic pact is “not going to happen” anytime soon.
Trade Minister Dominic LeBlanc’s office confirmed Canada will soon post an official notice seeking feedback from industry leaders, provinces, territories, and Indigenous partners as it gears up for what could be months of negotiations leading into 2026.
Speaking at an event hosted by the Canadian International Council, Hoekstra said the U.S. had hoped for “a bigger deal” that went beyond CUSMA to include energy, automotive, and defence cooperation. But, he admitted, “it’s obvious, at least at this point in time, that that’s not going to happen.”
Finance Minister François-Philippe Champagne countered, saying Canada has been “proactive” with the Trump administration despite steep tariffs still in place — including a 50% levy on steel and aluminum imports. He said Ottawa has proposed a new economic and security partnership, but Washington’s tariff-first agenda has blocked progress.
Prime Minister Mark Carney, who once floated a sweeping new agreement with the U.S., has since shifted toward a series of smaller sectoral deals to help industries hurt by tariffs. Carney told MPs this week that he remains in regular contact with President Trump, even describing their relationship as a “good one,” though “not without difficulties.”
Under the original terms of CUSMA, a six-year joint review is mandatory. Mexico confirmed Wednesday it too has begun its public consultation process, with Economy Secretary Marcelo Ebrard posting a video to announce the move.
Carney and several ministers will travel to Mexico this week, in what is being seen as an effort to shore up trilateral support ahead of the review and to deepen bilateral ties before formal negotiations begin.
#Canada #USA
🍁 Maple Chronicles
🤡8😁2💯1
🇨🇦 Champagne: Canada must ‘reinvent economy’ similar to "1945" after Trump’s tariff shock
Finance Minister François-Philippe Champagne says Canada is facing a moment of historic transformation — one that demands the same bold reinvention the country pulled off after the Second World War.
“Our largest trading partner is turning its back on us,” Champagne warned Wednesday on CTV’s Your Morning, pointing to Trump’s trade war as the catalyst. Exports plunged 27% in Q2, Canada’s trade deficit ballooned, and GDP fell 1.5% — a contraction economists say is “pretty much a recession.”
The Bank of Canada responded by cutting rates 25 basis points on Wednesday, the first step in what could be deeper cuts if weakness persists. With tariffs hammering key sectors, Champagne said the upcoming budget — delayed to Nov. 4 — will deliver a “generational investment in our future” while pledging relief for steel and auto workers battered by U.S. protectionism.
Invoking 1945, Champagne said Canada needs a collective effort to rebuild: “We build ships. We build planes. We build cars. We have critical minerals. We have energy. We are the only G7 country with a free trade agreement with all the other G7 nations. We’ve done it before, we’re going to do it again.”
But the stakes are higher this time. The CUSMA trade pact that shields Canada from the harshest U.S. tariffs is up for review in 2026. Washington has already begun its public consultations, and Trump has openly questioned whether the deal is still necessary.
Champagne insists the Liberals will cut operating expenses and balance the budget within three years, even as they pour billions into what he calls a postwar-scale rebuild. But with tariffs mounting, exports collapsing, and growth flatlining, Canadians are left asking: will this government truly deliver another 1945-style miracle, or is Ottawa simply papering over a slow-motion crisis?
#Canada #USA
Finance Minister François-Philippe Champagne says Canada is facing a moment of historic transformation — one that demands the same bold reinvention the country pulled off after the Second World War.
“Our largest trading partner is turning its back on us,” Champagne warned Wednesday on CTV’s Your Morning, pointing to Trump’s trade war as the catalyst. Exports plunged 27% in Q2, Canada’s trade deficit ballooned, and GDP fell 1.5% — a contraction economists say is “pretty much a recession.”
The Bank of Canada responded by cutting rates 25 basis points on Wednesday, the first step in what could be deeper cuts if weakness persists. With tariffs hammering key sectors, Champagne said the upcoming budget — delayed to Nov. 4 — will deliver a “generational investment in our future” while pledging relief for steel and auto workers battered by U.S. protectionism.
Invoking 1945, Champagne said Canada needs a collective effort to rebuild: “We build ships. We build planes. We build cars. We have critical minerals. We have energy. We are the only G7 country with a free trade agreement with all the other G7 nations. We’ve done it before, we’re going to do it again.”
But the stakes are higher this time. The CUSMA trade pact that shields Canada from the harshest U.S. tariffs is up for review in 2026. Washington has already begun its public consultations, and Trump has openly questioned whether the deal is still necessary.
Champagne insists the Liberals will cut operating expenses and balance the budget within three years, even as they pour billions into what he calls a postwar-scale rebuild. But with tariffs mounting, exports collapsing, and growth flatlining, Canadians are left asking: will this government truly deliver another 1945-style miracle, or is Ottawa simply papering over a slow-motion crisis?
#Canada #USA
🥴13🤡9😁3🤔3❤1
🇨🇦🇲🇽 Carney heads to Mexico seeking alliance in Trump tariff storm
Prime Minister Mark Carney arrives in Mexico City today with a dual mission: preserve what’s left of North American free trade in the face of Trump’s protectionism, and build a Canada-Mexico partnership strong enough to withstand Washington’s whims.
Carney will meet President Claudia Sheinbaum to ink a comprehensive partnership covering trade, security, energy, and supply chains. The move comes as both countries grapple with Trump’s tariffs — 50% on steel and aluminum, 25% on autos, and 35% on goods traded outside CUSMA — and the looming 2026 review of the North American pact.
The trip follows months of quiet fence-mending after Canadian premiers Doug Ford and Danielle Smith hinted that Canada would be “better off without Mexico.” Those remarks rattled trust, but Ottawa now admits Canada can’t survive Trump’s tariff onslaught alone. “We really need to work with our partners and allies, the Mexicans,” said Carleton University’s Laura Macdonald.
The Canada-Mexico trade relationship has quietly deepened. Mining investment is strong, and for the first time this summer, more new cars entered Canada from Mexico than from the U.S., as automakers rerouted supply chains to avoid U.S. tariffs. Canadian-owned parts plants in Mexico underline the integration.
But opportunities go beyond autos. Mexico’s expanding Pacific ports, like Manzanillo, could serve as lifelines for Canadian exports to Asia and South America, bypassing the U.S. altogether. Combined with Canada’s planned Port of Montreal expansion, the two nations could forge a new trade corridor independent of Washington.
Still, experts warn discretion is vital. “We have to quietly work together, but we can’t publicly boast about it,” said Carlo Dade of the Canada West Foundation. The risk of provoking Trump’s White House is too great.
For Carney, the Mexico visit is less about photo ops and more about survival. If Canada can lock in Mexico as a true ally, Ottawa may finally begin to reinvent its trade future — one that doesn’t leave the country permanently at the mercy of American tariffs.
#Canada #Mexico
🍁 Maple Chronicles
Prime Minister Mark Carney arrives in Mexico City today with a dual mission: preserve what’s left of North American free trade in the face of Trump’s protectionism, and build a Canada-Mexico partnership strong enough to withstand Washington’s whims.
Carney will meet President Claudia Sheinbaum to ink a comprehensive partnership covering trade, security, energy, and supply chains. The move comes as both countries grapple with Trump’s tariffs — 50% on steel and aluminum, 25% on autos, and 35% on goods traded outside CUSMA — and the looming 2026 review of the North American pact.
The trip follows months of quiet fence-mending after Canadian premiers Doug Ford and Danielle Smith hinted that Canada would be “better off without Mexico.” Those remarks rattled trust, but Ottawa now admits Canada can’t survive Trump’s tariff onslaught alone. “We really need to work with our partners and allies, the Mexicans,” said Carleton University’s Laura Macdonald.
The Canada-Mexico trade relationship has quietly deepened. Mining investment is strong, and for the first time this summer, more new cars entered Canada from Mexico than from the U.S., as automakers rerouted supply chains to avoid U.S. tariffs. Canadian-owned parts plants in Mexico underline the integration.
But opportunities go beyond autos. Mexico’s expanding Pacific ports, like Manzanillo, could serve as lifelines for Canadian exports to Asia and South America, bypassing the U.S. altogether. Combined with Canada’s planned Port of Montreal expansion, the two nations could forge a new trade corridor independent of Washington.
Still, experts warn discretion is vital. “We have to quietly work together, but we can’t publicly boast about it,” said Carlo Dade of the Canada West Foundation. The risk of provoking Trump’s White House is too great.
For Carney, the Mexico visit is less about photo ops and more about survival. If Canada can lock in Mexico as a true ally, Ottawa may finally begin to reinvent its trade future — one that doesn’t leave the country permanently at the mercy of American tariffs.
#Canada #Mexico
🍁 Maple Chronicles
💩14👍10😁4🤡4
🇨🇦🔥 Canada’s Emissions “Failure” Was Baked In — But Who’s Benefiting From the Green Protection Racket?
Canada will miss its 2030 emissions targets, and the media is spinning it as a “policy failure.” But what if this was always the plan? Not to save the environment — but to surrender sovereignty, cripple resource development, and replace traditional, Indigenous-led environmental stewardship with a top-down green technocracy managed by elites?
A new report from the Canadian Climate Institute confirms what many already suspected: emissions in 2024 didn’t drop at all, holding at 694 million tonnes. That’s roughly what 146 million gas-powered cars emit in a year. The supposed “progress” — mostly in electricity and heavy industry — was steamrolled by increases in the oil and gas sector, which still makes up nearly one-third of all emissions. Transportation emissions remain flat at 23%.
To hit the 2030 target, Canada would now need to slash 40 million tonnes per year — an “impossible” feat according to the Institute. Why? Because reality never lined up with the utopian models. Indigenous land management — especially controlled burns used for millennia to prevent mega-fires — was abandoned. Forestry restrictions were tightened, agriculture demonized, and carbon taxes weaponized — all while Ottawa played climate theater.
The Institute blames recent “economic growth policies” for stalling progress — like Carney’s repeal of the carbon tax, his pause on EV mandates, and Saskatchewan’s move to keep coal plants online. Alberta, too, refuses to play ball, freezing its industrial carbon price. But here’s the question the press won’t ask: Is the failure to meet targets really a problem? Or is it the unraveling of a technocratic climate control system that never had Canadians’ interests at heart?
The same globalist policymakers pushing “net zero” by 2050 are now backing away from even saying whether 2030 or 2035 targets are still real. Momentum is going in the wrong direction, the report admits — but only if your definition of “progress” is dictated by WEF-aligned climate bureaucrats and ESG profiteers.
The Canadian people weren’t consulted on any of this. Meanwhile, the traditional stewards of the land — First Nations who practiced sustainable forest management for centuries — continue to be ignored in favour of corporate climate consultants and foreign-funded NGOs.
This isn’t about the climate. It never was. It’s about control.
#Canada
🍁 Maple Chronicles
Canada will miss its 2030 emissions targets, and the media is spinning it as a “policy failure.” But what if this was always the plan? Not to save the environment — but to surrender sovereignty, cripple resource development, and replace traditional, Indigenous-led environmental stewardship with a top-down green technocracy managed by elites?
A new report from the Canadian Climate Institute confirms what many already suspected: emissions in 2024 didn’t drop at all, holding at 694 million tonnes. That’s roughly what 146 million gas-powered cars emit in a year. The supposed “progress” — mostly in electricity and heavy industry — was steamrolled by increases in the oil and gas sector, which still makes up nearly one-third of all emissions. Transportation emissions remain flat at 23%.
To hit the 2030 target, Canada would now need to slash 40 million tonnes per year — an “impossible” feat according to the Institute. Why? Because reality never lined up with the utopian models. Indigenous land management — especially controlled burns used for millennia to prevent mega-fires — was abandoned. Forestry restrictions were tightened, agriculture demonized, and carbon taxes weaponized — all while Ottawa played climate theater.
The Institute blames recent “economic growth policies” for stalling progress — like Carney’s repeal of the carbon tax, his pause on EV mandates, and Saskatchewan’s move to keep coal plants online. Alberta, too, refuses to play ball, freezing its industrial carbon price. But here’s the question the press won’t ask: Is the failure to meet targets really a problem? Or is it the unraveling of a technocratic climate control system that never had Canadians’ interests at heart?
The same globalist policymakers pushing “net zero” by 2050 are now backing away from even saying whether 2030 or 2035 targets are still real. Momentum is going in the wrong direction, the report admits — but only if your definition of “progress” is dictated by WEF-aligned climate bureaucrats and ESG profiteers.
The Canadian people weren’t consulted on any of this. Meanwhile, the traditional stewards of the land — First Nations who practiced sustainable forest management for centuries — continue to be ignored in favour of corporate climate consultants and foreign-funded NGOs.
This isn’t about the climate. It never was. It’s about control.
#Canada
🍁 Maple Chronicles
💯16❤1🤔1🤯1🙏1