"The pact, which also includes Mexico, will give the U.S. greater access to Canada’s protected dairy market, eliminate the nation’s new milk-pricing system and restrict the sector’s ability to export. While Prime Minister Justin Trudeau has promised to compensate farmers to cushion the blow, industry groups say past experience has shown that aid packages amount to a “pittance,” and the government won’t be able to cover the financial hit the industry is poised to take."
https://business.financialpost.com/commodities/agriculture/dairy-farmers-doubtful-trudeaus-aid-pledge-will-help-as-industry-faces-1-billion-in-yearly-losses
Showing posts with label @cafreeland. Show all posts
Showing posts with label @cafreeland. Show all posts
Thursday, October 4, 2018
Thursday, September 20, 2018
This Just In....Still No NAFTA Deal!
Minister of Foreign Affairs Chrystia Freeland just heading into another meeting again. Answers to the same ongoing questions later today
Meanwhile, Minister of Trade Diversification Jim "Dude Where's My" Carr (due to recent cabinet shuffle) is invisible.
Tuesday, September 18, 2018
Deal or No Deal: When You Cannot Arrive at Agreement on NAFTA, What Do You Do? Roll Out Another Agreement - TPP, Oh and Change the Name
https://business.financialpost.com/news/economy/rethinking-our-global-ambitions-starting-with-the-call-to-action-that-is-the-tpp
Where's the peanut? Where's the peanut? The Liberals continue to deflect. As NAFTA appears to be on a path to "no deal" the Liberals are now showing off the latest shiny trinket - the TPP (which is now the "Comprehensive and Progressive Agreement for Trans-Pacific Partnership" or reads like the alphabet, CPATPP). Well, if NAFTA will be dead, THEN THE TPP BETTER BE IN PLACE! What are Canadian businesses to do who sell internationally when the Liberals will have destroyed Canada's best, closest, most accessible market?
As Minister of Foreign Affairs Chrystia Freeland is not only out there poking Trump and the USA in the eye during the most sensitive times of a NAFTA negotiation whether it be i) very pointed, inflammatory and cheeky "thank you" speeches for an award by her peers on USA soil, or ii) attending a Trump bashing, feminists event hosted by Indigo Chapters' Heather Reisman in Freeland's own riding surrounding a film called "Tame the Tyrant" or iii) bragging that her European Trade Minister counterpart call themselves "Sisters in Trade" and brags about how they communicate in texted emojis and "hugs" (again during a time where 140% of her time should be spent on finalizing Canada's part in NAFTA!), MP Freeland and her Liberal government have continued to change the "lines in the sand".
Now the latest stall tactics and sticking points are to do with i) culture (broadcasting American commercials during a Superbowl?) and ii) Chapter 19 where trade disputes would be settled by a (gasp!)...Judge!!! Trudeau implied that a USA President that "does not play by the rules" could interfere with such decisions.....WHAT!?!?! In a country where an individual can only be President for two terms maximum, Justin Sunshine is suggesting that trade disputes and decisions could be impacted by Trump calling a judge on the phone....even after Trump is long gone as President!?!?!?!
It is clear, this Liberal government is not shy about stalling for years on sensitive issues as a go-to strategy. Look at reconciliation, look at pipelines (eventually came to a "must act moment" and they forked over C$4.5B but would have been more than content to drag this out to election time in 2019), look at the border crisis. The list goes on.
Unfortunately legalized marijuana is the only significant point of completion by the Liberal government, and was jammed down the provincial throats - no stalling.
Reviewing how the Liberals are conducting themselves, it is clear they are playing roulette with Canada's place in NAFTA and are going to great lengths to appear "anti-Trump" in order to attract those votes in the 2019 election. THE LIBERALS DO NOT WANT A NAFTA DEAL COMPLETED! This is no trivial matter - this has impacts on i) the auto industry and severe job losses - UNION JOB LOSSES, ii) a guaranteed weakening C$, iii) declining Canadian stock markets, iv) inflation from USA tariffs? then interest rate follow on affects, v) combined with tens of thousands of illegal border crossers to pay for, perhaps to compete with for jobs, vi) oh, and remember that ballooning debt that is in line with Canada's GDP? Well, it is simply too much debt (but then again a Trudeau is a Trudeau is a Trudeau).
The only saving grace is that all this turmoil may be timed perfectly for an October 2019 election and Canadians (whether left, center or right leaning or even the apathetic ones) will vote this reckless political party out.
Where's the peanut? Where's the peanut? The Liberals continue to deflect. As NAFTA appears to be on a path to "no deal" the Liberals are now showing off the latest shiny trinket - the TPP (which is now the "Comprehensive and Progressive Agreement for Trans-Pacific Partnership" or reads like the alphabet, CPATPP). Well, if NAFTA will be dead, THEN THE TPP BETTER BE IN PLACE! What are Canadian businesses to do who sell internationally when the Liberals will have destroyed Canada's best, closest, most accessible market?
As Minister of Foreign Affairs Chrystia Freeland is not only out there poking Trump and the USA in the eye during the most sensitive times of a NAFTA negotiation whether it be i) very pointed, inflammatory and cheeky "thank you" speeches for an award by her peers on USA soil, or ii) attending a Trump bashing, feminists event hosted by Indigo Chapters' Heather Reisman in Freeland's own riding surrounding a film called "Tame the Tyrant" or iii) bragging that her European Trade Minister counterpart call themselves "Sisters in Trade" and brags about how they communicate in texted emojis and "hugs" (again during a time where 140% of her time should be spent on finalizing Canada's part in NAFTA!), MP Freeland and her Liberal government have continued to change the "lines in the sand".
Now the latest stall tactics and sticking points are to do with i) culture (broadcasting American commercials during a Superbowl?) and ii) Chapter 19 where trade disputes would be settled by a (gasp!)...Judge!!! Trudeau implied that a USA President that "does not play by the rules" could interfere with such decisions.....WHAT!?!?! In a country where an individual can only be President for two terms maximum, Justin Sunshine is suggesting that trade disputes and decisions could be impacted by Trump calling a judge on the phone....even after Trump is long gone as President!?!?!?!
It is clear, this Liberal government is not shy about stalling for years on sensitive issues as a go-to strategy. Look at reconciliation, look at pipelines (eventually came to a "must act moment" and they forked over C$4.5B but would have been more than content to drag this out to election time in 2019), look at the border crisis. The list goes on.
Unfortunately legalized marijuana is the only significant point of completion by the Liberal government, and was jammed down the provincial throats - no stalling.
Reviewing how the Liberals are conducting themselves, it is clear they are playing roulette with Canada's place in NAFTA and are going to great lengths to appear "anti-Trump" in order to attract those votes in the 2019 election. THE LIBERALS DO NOT WANT A NAFTA DEAL COMPLETED! This is no trivial matter - this has impacts on i) the auto industry and severe job losses - UNION JOB LOSSES, ii) a guaranteed weakening C$, iii) declining Canadian stock markets, iv) inflation from USA tariffs? then interest rate follow on affects, v) combined with tens of thousands of illegal border crossers to pay for, perhaps to compete with for jobs, vi) oh, and remember that ballooning debt that is in line with Canada's GDP? Well, it is simply too much debt (but then again a Trudeau is a Trudeau is a Trudeau).
The only saving grace is that all this turmoil may be timed perfectly for an October 2019 election and Canadians (whether left, center or right leaning or even the apathetic ones) will vote this reckless political party out.
Tuesday, August 28, 2018
NAFTA Countdown: Hopefully Your Summer Vacations (and Back to School Shopping) Are Done - Weaker C$ Just in Time for School After Long Weekend
Interesting Strategy and Tactics to Sign up the Two Biggest Economies of the Agreement, Then Leave Canada With Take It Or Leave It"...in Four Days
After five weeks of waiting it out on the sidelines among the uninvited, surprise surprise, the USA and Mexico have a deal. How does Canada now fit into this with its gender based trade agenda - we will find out Friday. The Liberals' stall strategy (as it pertains to everything the Liberals touch) is up and we will have an answer on whether we are locked into a bad deal, or part of no deal. Anyway, a weaker C$ in time for back to school.
On Bloomberg Daybreak Americas this morning, David Westin (and I'm sure other US journalists and media) laughing at us, "...Imagine that conversation wth Mr. [not Prime Minister] Trudeau, the good news is we want to negotiate with you, the bad news is you have four days..."
After five weeks of waiting it out on the sidelines among the uninvited, surprise surprise, the USA and Mexico have a deal. How does Canada now fit into this with its gender based trade agenda - we will find out Friday. The Liberals' stall strategy (as it pertains to everything the Liberals touch) is up and we will have an answer on whether we are locked into a bad deal, or part of no deal. Anyway, a weaker C$ in time for back to school.
On Bloomberg Daybreak Americas this morning, David Westin (and I'm sure other US journalists and media) laughing at us, "...Imagine that conversation wth Mr. [not Prime Minister] Trudeau, the good news is we want to negotiate with you, the bad news is you have four days..."
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