The Carney government appears to support the Trump administration’s investment in several Vancouver-based mining companies, despite its ‘elbows up’ messaging.
I think many people remember all the favoritism that resulted from Canada managing the Dew Line observation system, and historically prime ministers could slide in allowances, believing they held some sway with the Americans. However, over the years, as the Dew Line became less important, the belief that Canada had influence persisted. With the collapse of Soviet Russia, Canada's perceived advantage vanished. However, Canada never arrived at terms with the fact that it needed to mature and move beyond its status as a 40-something-year-old living in their US parent's basement.
For as long as I can remember, Canadian businesses have been allowed to utilize protectionist laws initiated by the federal government, which prevent the influx of US goods while simultaneously using a weak dollar to encourage increased purchases by US firms. So now you have millions of dollars traveling in one direction while limited investment is going north. Most US administrations chose to ignore the obvious flooding of their market.
Fast forward to the migration of US jobs, during which trade pathways opened up that favored cheap human labor instead of investing in automation, resulting in the export of American jobs to economically depressed areas, including Canada. For as long as I can remember, Canada has never invested in automation to bolster the manufacturing system but rather throws people into repetitive, dangerous occupations, assuming we will just import more when the existing ones burn out. However, this approach only succeeds as long as the US economy does not support the growth of American jobs.
Trump campaigned to understand the challenges faced by American workers and to identify their main grievances. And he found what he expected: that those who used to put in an honest day's work had their jobs downsized or sent to countries like India, where for one technical person in the US, 10 full development engineers could be secured. The erosion of American jobs became evident. So Trump vowed to change this, and because he could not be bought, not being within the money stream and backscratching of the political system, he could rise into power. And put in place what the people wanted.
The real trick is Canada is still a child when it comes to marketing goods on the world stage because 77% of our goods go south (68.7% manufactured and 31.3% resource-based). Even if we do not want to admit it, Canada has been the 51st state to the US ever since the very first 2x4 went to build a house in the Midwest US. Canadians might scream "no," but ultimately stop selling to the US and find out how quickly the Canadian economy will collapse. So Canada needs a wake-up call; we need to stop living on the coattails of the US, but this would also mean Canadian-specific goods, designs, products, manufacturing, and initiatives, and not going to the store and seeing American Standard as the toilet you buy. But will this work? Demographically speaking small firms which would sell into Canada would not be able to survive because there are not enough people to buy You might be able to sell the cabinet door handles you crafted in your small shop, or the welded railings you created.
Why rage against Trump about Canadian mining companies that own mines in other countries like the USA for example? Why not bar the Canadian companies from having foreign investors? Seize the financial assets of Freedom Convoy truckers and their supporters and invest that Canadian money in these Canadian mining companies too! (tongue firmly implanted in cheek). Offer more potential mining sites in Canada if the First Nations, Quebec and BC are OK with it. Carney's nation building is similar to a two year old's Lego constructs, an incomprehensible model of something unidentifiable. Carney should stop trying to suck and blow at the same time
Maybe US involvement will speed up the time it takes to develop any mine in Canada, which is currently about a decade. Heck, it would only take a year in the 51st state.
If it would take only a year to develop a mine in the States then they would do it. Canadians who believe religiously in American economic smarts are seriously deceived by their religious cultism of everything the U.S. does.
There's a Canadian nationalist problem with the U.S. government being an investor in a Canadian company since it would give the U.S. a Trojan Horse into being able to put the screws to the Canadian government's economic and industrial sovereignty.
Carney is being foolish and lazy to allow this to happen.
Carney is so out of his element. I’m not sure what that element is though. He seems to have been the “ great imposter” for most of his life. An empty fake.
All I see is an awkward out of touch misfit that bows like a man servant to President Trump.
I love to see it! Must make the elbows up crowd cringe.
How does anybody think these critical businesses are going to grow? Canada is tapped out and foreign investment is required with the laws the way they are. Those "elbows up" believers can easily make this needless buy buying stock in our Canadian businesses.
It is interesting but sad to see Carney finally waking to the fact that he has no options but to play Trump's game and rules. When you look at Carney there is a sense of panic and that screwed up smile is more like GAS than humour. The liberal Govs over the past decades with their social agenda have painted us into a corner that there is very little wriggle room. Que, BC and the indigenous have the country by the neck and Carney now realizes he is hog tied and cannot move on his economic agenda and will have to revert to the social engineering like Trudeau. Unfortunately Trump and his group understand this and will, milk this for all it is worth. We are seeing more and more so called Canadian industry and investments going to the US and this will continue. We are in for a world of hurt which is largely of our own making.
Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
The Eby NDP and the BC Supreme Court are well into the process of handing the Province over to the natives. This is dangerous. Why invest in BC when the Natives whine and threaten. It is disturbing that the Opposition has such a weak, pathetic, dictatorial leader, more concerned about being woke and firing MLA's who don't grovel. As of today, another Conservative has abandoned a sinking ship. Rustad has to be dumped. Hopefully Ms. Sterko can form another party.
I believe this is just another wedge by Trump to take over this country financially and lead to us being the 51st. Our PM is so far out of this race he thinks he is first. Unless the November budget "has a walk on water quality", we the electorate should demand an ELECTION.
Carney's action the opposite to what he preaches. "Trump breaking canada", when all actuality the con man is doing a great job of breaking and destroying the country. I fact he's already got the job done. We are now just waiting for the final results to show up.
Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
no mention of China’s part in the motivation behind this, ie China’s dominance in critical minerals and we better get our act together and develop what we have.
It was interesting that several months ago on BNN a resource guru billionaire stated there were two jurisdictions in North American he would never invest a penny in, California and BC.
It is sad that the NDP in BC went from John Horgan a sensible NDP Premier that even many conservatives could vote for to Eby who attracts only the radical left.
What a joke Carney is. He's excusing something that that U.S. would never excuse if the shoe was on the other foot. For how many years did the U.S. complain about the Canadian Government's ownership stake in Canadian companies with operations in Canada and accuse the Canadian government of unfair competition and being socialist?
He's allowing the U.S. to takeover Canadian companies that are listed and domiciled in Canada. Trump is making the U.S. a Fascists country by allowing its government to take investment stakes in U.S. corporations. How many Canadian companies have been killed by the Canadian government because of U.S. pressure? Now the U.S. has the nerve to do the very thing with Canadian companies that it has accused Canada of doing and forcing it to cease doing.
Somebody has to invest in Canada because Canadians have learned that the Federal Government (J. Trudeau) will likely move goalposts and change standards on a whim. Why play the game when you can't be sure of the rules, and know that you will get penalized for trying?
After his disastrous performance both in Britain and Canada is it any wonder that he is exposed as a goof in a cheap suit. For years I warned my friends and those of Facebook; X ;etc. that he would be dangerous for Canada and that he should not be near the levers of power in our country. Now he has been elected by a bunch of know nothings and I believe our Canada is finished. He will be easily re-elected and thus there is No coming back!
Exactly! Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
It’s an open market folks. Same as the USA markets are to us. I traded US options daily when I was active and could buy Norwegian oil companies using Krona. Maybe this will stimulate out sometimes moribund Vancouver market.
Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
I think many people remember all the favoritism that resulted from Canada managing the Dew Line observation system, and historically prime ministers could slide in allowances, believing they held some sway with the Americans. However, over the years, as the Dew Line became less important, the belief that Canada had influence persisted. With the collapse of Soviet Russia, Canada's perceived advantage vanished. However, Canada never arrived at terms with the fact that it needed to mature and move beyond its status as a 40-something-year-old living in their US parent's basement.
For as long as I can remember, Canadian businesses have been allowed to utilize protectionist laws initiated by the federal government, which prevent the influx of US goods while simultaneously using a weak dollar to encourage increased purchases by US firms. So now you have millions of dollars traveling in one direction while limited investment is going north. Most US administrations chose to ignore the obvious flooding of their market.
Fast forward to the migration of US jobs, during which trade pathways opened up that favored cheap human labor instead of investing in automation, resulting in the export of American jobs to economically depressed areas, including Canada. For as long as I can remember, Canada has never invested in automation to bolster the manufacturing system but rather throws people into repetitive, dangerous occupations, assuming we will just import more when the existing ones burn out. However, this approach only succeeds as long as the US economy does not support the growth of American jobs.
Trump campaigned to understand the challenges faced by American workers and to identify their main grievances. And he found what he expected: that those who used to put in an honest day's work had their jobs downsized or sent to countries like India, where for one technical person in the US, 10 full development engineers could be secured. The erosion of American jobs became evident. So Trump vowed to change this, and because he could not be bought, not being within the money stream and backscratching of the political system, he could rise into power. And put in place what the people wanted.
The real trick is Canada is still a child when it comes to marketing goods on the world stage because 77% of our goods go south (68.7% manufactured and 31.3% resource-based). Even if we do not want to admit it, Canada has been the 51st state to the US ever since the very first 2x4 went to build a house in the Midwest US. Canadians might scream "no," but ultimately stop selling to the US and find out how quickly the Canadian economy will collapse. So Canada needs a wake-up call; we need to stop living on the coattails of the US, but this would also mean Canadian-specific goods, designs, products, manufacturing, and initiatives, and not going to the store and seeing American Standard as the toilet you buy. But will this work? Demographically speaking small firms which would sell into Canada would not be able to survive because there are not enough people to buy You might be able to sell the cabinet door handles you crafted in your small shop, or the welded railings you created.
Why rage against Trump about Canadian mining companies that own mines in other countries like the USA for example? Why not bar the Canadian companies from having foreign investors? Seize the financial assets of Freedom Convoy truckers and their supporters and invest that Canadian money in these Canadian mining companies too! (tongue firmly implanted in cheek). Offer more potential mining sites in Canada if the First Nations, Quebec and BC are OK with it. Carney's nation building is similar to a two year old's Lego constructs, an incomprehensible model of something unidentifiable. Carney should stop trying to suck and blow at the same time
Maybe US involvement will speed up the time it takes to develop any mine in Canada, which is currently about a decade. Heck, it would only take a year in the 51st state.
If it would take only a year to develop a mine in the States then they would do it. Canadians who believe religiously in American economic smarts are seriously deceived by their religious cultism of everything the U.S. does.
There's a Canadian nationalist problem with the U.S. government being an investor in a Canadian company since it would give the U.S. a Trojan Horse into being able to put the screws to the Canadian government's economic and industrial sovereignty.
Carney is being foolish and lazy to allow this to happen.
Carney is so out of his element. I’m not sure what that element is though. He seems to have been the “ great imposter” for most of his life. An empty fake.
All I see is an awkward out of touch misfit that bows like a man servant to President Trump.
I love to see it! Must make the elbows up crowd cringe.
Coffee or tea Mr. Transitional President?
How does anybody think these critical businesses are going to grow? Canada is tapped out and foreign investment is required with the laws the way they are. Those "elbows up" believers can easily make this needless buy buying stock in our Canadian businesses.
It is interesting but sad to see Carney finally waking to the fact that he has no options but to play Trump's game and rules. When you look at Carney there is a sense of panic and that screwed up smile is more like GAS than humour. The liberal Govs over the past decades with their social agenda have painted us into a corner that there is very little wriggle room. Que, BC and the indigenous have the country by the neck and Carney now realizes he is hog tied and cannot move on his economic agenda and will have to revert to the social engineering like Trudeau. Unfortunately Trump and his group understand this and will, milk this for all it is worth. We are seeing more and more so called Canadian industry and investments going to the US and this will continue. We are in for a world of hurt which is largely of our own making.
Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
The Eby NDP and the BC Supreme Court are well into the process of handing the Province over to the natives. This is dangerous. Why invest in BC when the Natives whine and threaten. It is disturbing that the Opposition has such a weak, pathetic, dictatorial leader, more concerned about being woke and firing MLA's who don't grovel. As of today, another Conservative has abandoned a sinking ship. Rustad has to be dumped. Hopefully Ms. Sterko can form another party.
Are you kidding? Ms. Sterko form another party? She'd make Eby look like a choir boy.
I believe this is just another wedge by Trump to take over this country financially and lead to us being the 51st. Our PM is so far out of this race he thinks he is first. Unless the November budget "has a walk on water quality", we the electorate should demand an ELECTION.
Carney's action the opposite to what he preaches. "Trump breaking canada", when all actuality the con man is doing a great job of breaking and destroying the country. I fact he's already got the job done. We are now just waiting for the final results to show up.
Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
no mention of China’s part in the motivation behind this, ie China’s dominance in critical minerals and we better get our act together and develop what we have.
It was interesting that several months ago on BNN a resource guru billionaire stated there were two jurisdictions in North American he would never invest a penny in, California and BC.
It is sad that the NDP in BC went from John Horgan a sensible NDP Premier that even many conservatives could vote for to Eby who attracts only the radical left.
Eby is a total disaster for BC.
for Canada
I agree fully! Thanks for adding that!
What a joke Carney is. He's excusing something that that U.S. would never excuse if the shoe was on the other foot. For how many years did the U.S. complain about the Canadian Government's ownership stake in Canadian companies with operations in Canada and accuse the Canadian government of unfair competition and being socialist?
He's allowing the U.S. to takeover Canadian companies that are listed and domiciled in Canada. Trump is making the U.S. a Fascists country by allowing its government to take investment stakes in U.S. corporations. How many Canadian companies have been killed by the Canadian government because of U.S. pressure? Now the U.S. has the nerve to do the very thing with Canadian companies that it has accused Canada of doing and forcing it to cease doing.
Yep that old socialist trick. Just sneak in there and soon You will become a tax paying peon !
Somebody has to invest in Canada because Canadians have learned that the Federal Government (J. Trudeau) will likely move goalposts and change standards on a whim. Why play the game when you can't be sure of the rules, and know that you will get penalized for trying?
After his disastrous performance both in Britain and Canada is it any wonder that he is exposed as a goof in a cheap suit. For years I warned my friends and those of Facebook; X ;etc. that he would be dangerous for Canada and that he should not be near the levers of power in our country. Now he has been elected by a bunch of know nothings and I believe our Canada is finished. He will be easily re-elected and thus there is No coming back!
Exactly! Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"
It’s an open market folks. Same as the USA markets are to us. I traded US options daily when I was active and could buy Norwegian oil companies using Krona. Maybe this will stimulate out sometimes moribund Vancouver market.
Hard to know which is worse….the two-faced consistent liar Carney, or the absolutely stupid remarks out of Energy Minister Tim Hodgson??
Carney is a complete and utter disaster for Canada. As the Telegraph newspaper published, "Canada is about to find our that Carney is the man with the reverse Midas touch"