An interesting report from Bloomberg following a survey conducted by KPMG of Canadian manufacturers.  Keep in mind this is a survey of companies within Canada that do traditional manufacturing of products; this is not a survey of companies that assemble foreign goods for export – there is a substantial difference.

As noted within the report, approximately 10% of Canadian GDP comes from Canadian manufacturing.  Within that sector there are multiple companies now planning or considering moving out of Canada into the United States.

Many will claim the trigger for the consideration is based on the potential elimination of the USMCA (CUSMA) trade agreement, and there is truth to that aspect.  However, the systemic issues within Canada -including energy policy, regulation and corporate tax burdens- represent the larger problem; the termination of the USMCA is the straw that breaks their back.

The domestic hurdles to manufacturing, are the bigger issues that cannot be negotiated away in U.S-Canada trade agreements.  Specifically, the low-price and stable energy policies are the core consistencies that are no longer present in Canada; that fundamental cannot be easily fixed.

BLOOMBERG – […] KPMG Canada said on Tuesday that 42 per cent of Canadian manufacturing companies indicated they have or are considering moving production to the United States. Of those considering relocating, 77 per cent expect to make the transition within the next two years.

[…] the issues go beyond the trade situation though, with Canada needing to create a competitive environment for manufacturers to grow.

(more…)

In discussing the role of Canadian Prime Minister Mark Carney to block the geopolitical split caused by U.S. President Trump’s America-First policy, the Wall Street Journal did a deep dive into Carney’s travels and conversations.

This part was interesting: “Prime Minister Keir Starmer’s administration had been startled when ¹Trudeau’s government discreetly asked British intelligence chiefs to start discussing how they might band together if the U.S. left Five Eyes, the U.S.-led intelligence-sharing alliance. MI6 turned them down, as the vast majority of intelligence that flowed through that club came from Washington. The idea never gained traction, Canadian officials said, and Carney didn’t try to resurface it.”  {SOURCE}

The Wall Street journal also inadvertently outlined why the generally unknown Mark Carney was selected by the Canadian leftists: “he texted European leaders he’d known from the finance world, like Rothschild banker Emmanuel Macron, now France’s president; onetime chairman of BlackRock’s German subsidiary, Friedrich Merz, now German chancellor; and the European Investment Bank’s Alexander Stubb, now Finland’s president.” Now you understand why CTH began watching Carney closely, as Trudeau was announcing his exit. Carney was planned as a counter to Trump’s 2024 victory.

.

Turkish President Recep Erdogan is disliked by EU NATO elites in precisely the same manner as they dislike President Donald Trump.  Erdogan is not a good guy in regional politics, but he is respected for the national strength he has created.

¹The five-eyes intelligence construct, specifically the Intelligence Community actors within it, is not the good guys.  There’s a reason why Vladimir Putin says, ‘I do not hate Americans, I dislike the CIA.’

(more…)

WOW…

Things are coming together quickly now as Canadian Prime Minister Mark Carney begins unveiling details to support his illusion of meeting NATO obligations, with a smart money laundering assist from Volodymyr Zelenskyy.

To establish part of the background, remind yourself that former Canadian Minister Chrystia Freeland was appointed by Zelenskyy to lead a Ukraine redevelopment operation.  Today, speaking from Ankara, Turkey, Carney and Zelenskyy announced a $900 million fund for short, mid-term and long-term investment in Ukraine. WATCH:

But wait, it gets much better.  A few hours later Prime Minister Carney and Volodymr Zelenskyy announced a new Canada-based financial institution called the Defense, Security and Resilience Bank (DSRB). {citation}

CANADA – […] “Mark Carney, welcomed the support for the Canada-led DSRB by: Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Türkiye, and Ukraine. These countries will be entrusted with defining the initial policies and directives of the Bank, shaping its operations and ensuring benefits flow to members’ economies.”

[…] Leveraging a strong credit rating, the Bank will provide long-term, low-cost financing for defence, security, and resilience initiatives across supply chains.” (more)

When you see the term “resilience initiatives” think climate change. Specifically, think carbon capture and carbon trading mechanisms.  The DSRB banking approach, in combination with Chrystia Freeland heading the Ukraine Economic Development operation, then takes us to the carbon capture deal with Alberta [carbon capture and storage (CCS) project] and then, wait for it,…. The TKMS submarine purchase contract with Germany.

(more…)

FACT: It has been over 60-years since Canada purchased a submarine.  FACT: Canada has never built one.  FACT: Currently the Canadian military have ONE operable submarine out of a fleet of four used ones previously purchased. FACT: Canada recently proclaimed themselves as the North American defender of the Arctic.

Now, put all those facts in the overlay of the December 2024 meeting in Mar-a-Lago between President Trump and Canadian Prime Minister Justin Trudeau.  President Trump was demanding that Trudeau increase their NATO spending and develop a working Canadian military.

Someone recently asked in the comments section why I have an issue with Canada, specifically why a new level of distain for our Northern neighbors.  Quite simply, there is a level of lying that exceeds my tongue bite capacity; that level of deceit comes when fabricating lies is accompanied by pretending. The Canadian government is the worst type of political abuser.  They willfully pretend and simultaneously lie to the Canadian people. That’s the answer.

Today, the government of Canadian Prime Minister Mark Carney announce that German industrial shipbuilder TKMS will be awarded a contract for “up to 12 submarines” valued between $20 and $30 billion {source link}.  Now, let’s not pretend.

First, the submarine contract is intended to get Canada back into reasonable position on their NATO obligations.

In reality, it is quite remarkable to think about the Canadian nation with only one currently functional submarine. “Canada hasn’t purchased unused submarines since the 1960s, during the Cold War, and has never ordered anywhere near 12 at once. Canada currently owns four subs, all of which were purchased second-hand, and only one of which is typically operational.” {citation} Now, think about that Mar-a-Lago conversation again.

Second, Canada can’t build their own submarines?

(more…)

U.S. Ambassador to Canada Pete Hoekstra appears for an interview on CBC News to share perspectives on U.S-Canada relations.  However, what happens within the interview is a case study on how Canadian media represent an extension of the Canadian government.

This example is exactly why the Canadian people have no reference point for information counter to the official propaganda policy from their government offices. Rebecca Zandbergen, host of CBC’s Ottawa Morning represents the voice of government in combative tone, condescending attitude and refusal to accept counter arguments.

The level of passive-aggressive condescension highlights why Canada has continued to lose position in a world where pretending has become devalued.  However, it’s clear why the Canadian people will be stunned when it all collapses around them.  They have no reference points. Ambassador Hoekstra should get hazard pay. WATCH (prompted):

I like how Hoekstra reminds Rebecca Zandbergen that the 51st state issue surfaced as an outcome of a discussion between Prime Minister Justin Trudeau and President Trump in Mar-a-Lago that centered around NATO spending and reciprocity in trade via non-tariff barriers.  The points Ambassador Hoekstra makes at the end of this interview are exactly on point, and yet Zandbergen pretends not to understand them.

The American govt is not running anti-Carney advertising in Canada. Americans are not banning Canadian products. The American Government is not telling Americans not to travel to Canada.  The American govt has not banned Canadian companies from bidding on contracts.  These are all actions taken by the Canadian government.

(more…)

The media and Canadian government discussions around the U.S-Canada trade and economic relationship, specifically as they pertain to the USMCA (CUSMA) continue to be fascinating.

As we noted over a year ago, the expressed perception from the Canadian side was remarkably disconnected from the most likely scenario.

The level of entrenched disbelief that the U.S. could completely separate from a trilateral trade deal in favor of a bilateral replacement has been remarkable to watch.

However, for the first time today Canadian media began admitting to themselves the USMCA can technically be terminated within six months; albeit buried at the end of the article.

GLOBAL NEWS – […] “I’m not in a position to guarantee anything. These decisions are made at the White House. They are made by the president,” Hoekstra said.

His comments come just days after the Trump administration declined to extend the trilateral pact with Canada and Mexico for a new 16-year term, citing what the U.S. calls “shortcomings” and “trade deficits.” Mexico and Canada both publicly pushed for a renewal.

U.S. President Donald Trump suggested last month that the U.S. is “better without” CUSMA, and that he’d even prefer to see it “terminated.”

When asked by Global News, Hoekstra would not say if the administration is considering ripping up the deal, which can be done by any party with six months’ formal notice. 

(more…)

Canada booed the U.S.A during the FIFA World Cup opening celebrations.  Today, on our biggest national holiday, Morocco crushed Canada 3-0 sending them home.

Canada haz sad.

[SOURCE]

I’m not sure why Canadian media needed to emphasize the absence of Ruth; but, oh well, bye.

Canada became the first of the co-hosts to exit the World Cup as a clinical Morocco won 3-0 to reach the quarter-finals on Saturday in Houston. The 2022 semi-finalists Morocco will face title favourites France or Paraguay as the business end of the tournament in North America approaches. (more)

An ancillary note of historic irony.  In December of 1777, Morocco was the first country to recognize American independence. Sultan Mohammed III of Morocco issued a declaration allowing American ships to freely enter Moroccan ports, granting them the same privileges as vessels from nations with established treaties, effectively recognizing the United States as a sovereign nation.

(more…)

I’ve said it before, U.S. Ambassador to Canada Pete Hoekstra is the most underpaid U.S. emissary sent to a hostile nation and constantly surrounded by threats, bitterness, anger and hatred.

It would be easier to be U.S. ambassador to North Korea.

There is so much nuance inside this interview, it is remarkable.

Ambassador Hoekstra tries in his best diplomatic form to tell the two Canadians Michael LeBlanc and Dr. Sylvain Charlebois about the underlying nature of the U.S-Canada trade conflicts.  However, in typical Canadian fashion both indoctrinated interviewers are curiously stumped by the points Hoekstra presents.  I am prompting this one because you also need to see the body/facial language. WATCH:

[SIDENOTE: The Canadians needed to turn off the comments on YouTube because Canadians are angry, bitter, abusive, vulgar and nasty in every comment section on the subject of U.S-Canada relations.]

Canada’s greatest strategic weakness is what Canadians call their greatest strength, pride.

There is a big difference between being proud and being prideful. The Canadian worldview is based on the latter.

(more…)

U.S. Trade Representative Jamieson Greer has made it official.  Delivering an official statement today following a discussion between the United States, Mexico and Canada, USTR Jamieson Greer informed the group the USA will not be renewing the USMCA trilateral trade agreement. [SOURCE]

[SOURCE]

Unfortunately, yet predictably given how much false information has been pushed on this issue, the Canadian team will now believe they have a period of ten consecutive years of negotiation before the trade deal is over.  This is structurally and completely false.  The Canadian media will likely continue selling this false hope.

In reality, with the non-renewal announcement now made, President Trump and USTR Greer can now complete the bilateral trade discussions with Mexico (noted in the announcement) and then move to stage two.

Stage two will be the United States announcing a complete withdrawal from the USMCA, which triggers a six-month countdown clock.   The formal notification of withdrawal will likely happen once the U.S. and Mexico complete the bilateral free trade agreement.

(more…)

The Canadian dollar is starting to feel the effects of long-term uncertainty. It will get worse.

...”Since the start of June, the currency has weakened 2.9%, which would be its steepest monthly decline since October 2024, as Canadian bond yields fell further below U.S. yields.”… {source}

Now, this is where you really need to pay attention to details.  Remember, the U.K and EU have a vested interest in protecting Canada from economic collapse.

President Trump doesn’t want immediate collapse either -because Xi will move in fast- but Trump is not going to provide the same financial and economic lifelines that the other four-eyes will trigger.

Reuters is reporting that tomorrow the U.S. will formally declare a “non-extension” of the USMCA trade agreement {ARTICLE} and that triggers a 10-year period to decoupling.  It is very important to understand there is a difference between announcing a “non-extension” and announcing a “withdrawal“.  The Canadians are completely confused about what is about to happen.

In a non-extension announcement, the USA is saying they do not want to extend or renew the terms of the agreement beyond the current trade agreement terms.  Yes, this is a 10-year exit.  However, that’s not the part that matters.  Announcing a decision to exit the USMCA (CUSMA), a full withdrawal from the trilateral deal, triggers a six-month countdown to exit.

The deadline to announce the decision to extend is tomorrow, July 1st.  There is no deadline on the timeline to announce an exit or withdrawal from the USMCA. That announcement can happen at any time.

Put simply, announcing a non-renewal is a 10-year exit.  Announcing a withdrawal is a 6-month exit.  The announcement to withdraw can come at any time after the statement of non-renewal.

(more…)