The Tarriff Hype.
- Thread starter petros
- Start date
I have the data. 0.52% of 2567 CALA loans taken out in Saskatchewan.
Source:
Evaluation of the Canadian Agricultural Loans Act Program - agriculture.canada.ca
When I bought my 3 sections 2 were foreclosed which I later learned were lost to VLTs
WHo didn't see that coming?When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a take which may be proved optimistic at best, and misguided at worst.
While tariffs have yet to significantly shift the dial on inflation—prompting individuals like Treasury Secretary Scott Bessent to label them the “dog that didn’t bark”—analysts are widely expecting the hikes to ultimately be paid for by the U.S.
So far the sharpest end of the tariff regime has yet to be felt. President Trump delayed his ‘Liberation Day’ tariffs by three months in order to agree deals with trading partners.
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Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best — FORTUNE
Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future.apple.news
The only question you have to ask to determine how much, if any, federal government interest is does it affect Ontario and Quebec?Canola, the yellow flowering plant that gives so much colour to prairie fields as you drive across the country, is worth more as an industry than auto, steel and aluminum combined.
This is a product that has an economic impact of $43 billion per year for Canada’s economy. You would think that this would result in outrage from Canadians, especially the Elbows Up Brigade that are forever lamenting Donald Trump’s tariffs on Canadian steel, aluminum and auto production.
China takes about $5 billion worth of canola products each year and is our second biggest export market after the United States.
Is the Carney government refusing to take the same kind of strong stance they do with other industries because this is a product grown on the prairies, far from the Toronto-Ottawa-Montreal triangle that runs Canada’s political and media establishment or is this because they can’t scream Orange Man Bad and yell about Donald Trump?
Saskatchewan Premier Scott Moe was trying earlier this week, to no avail, to explain how important this crop is to Canada’s economy.
“We’ve estimated about 12 million acres of canola seeded in Saskatchewan just this year,” Moe said.
“To put this in context, this $43 to $45 billion canola industry, Canadian canola industry that we have employing just over 200,000 people, that is significantly larger than the steel industry, the aluminum industry and the car manufacturing industry combined…
…it’s about the same size as the Canadian forestry industry, of which we saw significant supports for just this past week.”
(Despite their size, despite their impact on the economy, despite the jobs on the line, the canola industry hasn’t seen any elbows go up, they haven’t seen the supports offered to steel or forestry. The Carney government has been near mute on this file, in part I believe because they don’t win enough seats in Western Canada, in particular Saskatchewan)
Western alienation, western separatism is a real and growing issue and one that the Carney government needs to deal with. Not giving the same support to a major industry because it is based in an area the Liberals don’t do well in won’t solve the problem.
Neither will the fact that more support has been offered to the electric vehicle industry, which still doesn’t really exist in Canada, than has been offered to a very real and thriving canola industry.
LILLEY: Carney silent as China blasts Canada's canola industry — Toronto Sun
It's an industry bigger that the biggest in Ontario and yet the Carney Liberals are silent as China attacks our producers.
The same way it applies to wheat. You'd think the flour mills and bakeries to be on the Prairies but they're in Ontario and Quebec. Seed crushing isn't where the canola is either. It crushed into oil that goes into the bread that is baked in the East.
We are only supposed to supply the raw materials. The jobs are supposed to be in Ontario.