Social Justin Trudeau announces resignation

gatchaman said:
Excuse my interjection, but Trump returning to office may have a negative impact on the Canadian economy.

During his first term, Trump increased American oil production, which decreased the oil price. The energy sector is the largest portion of the Canadian economy, and oil and gas is the largest portion of the energy sector.

A big problem for Canada going forward is the cancellation of the Energy East pipeline under Trudeau, during Trump's first term. If Trump puts a tariff on Canadian oil, Canada is going to suffer prioritizing north-south pipeline development over east-west because Energy East would have to start over from scratch and the cost of building stuff is higher.

It's a testament to Trudeau's incompetence that the Canadian dollar, an oil dollar, has been losing ground to the USD during a time of high oil prices.
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If Trump actually follows through on the tariffs for a sustained period of time then I might agree but I strongly doubt he will. It really makes no sense for either country and is more just a negotiating tool. USMCA will also be re-evaluated in 2026.

We'll see how a different administration gets along with Trump, especially one that's more aligned and willing to work with him. It's impossible to say anything concrete when it comes to Trump being in power but I'd be surprised if Canada doesn't benefit from a new administration that isn't about as far left as it gets.
 
gatchaman said:
Excuse my interjection, but Trump returning to office may have a negative impact on the Canadian economy.

During his first term, Trump increased American oil production, which decreased the oil price. The energy sector is the largest portion of the Canadian economy, and oil and gas is the largest portion of the energy sector.

A big problem for Canada going forward is the cancellation of the Energy East pipeline under Trudeau, during Trump's first term. If Trump puts a tariff on Canadian oil, Canada is going to suffer prioritizing north-south pipeline development over east-west because Energy East would have to start over from scratch and the cost of building stuff is higher.

It's a testament to Trudeau's incompetence that the Canadian dollar, an oil dollar, has been losing ground to the USD during a time of high oil prices.
Click to expand...

Biden scrapping the Keystone XL did nothing though right?
 
Sweater of AV said:
If Trump actually follows through on the tariffs for a sustained period of time then I might agree but I strongly doubt he will. It really makes no sense for either country and is more just a negotiating tool. USMCA will also be re-evaluated in 2026.

We'll see how a different administration gets along with Trump, especially one that's more aligned and willing to work with him. It's impossible to say anything concrete when it comes to Trump being in power but I'd be surprised if Canada doesn't benefit from a new administration that isn't about as far left as it gets.
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The thing is, Trump didn't implement a tariff in his last term; he just increased oil production. He is proud of the damage done to Iran by the low oil price. But a low oil price does damage to Canada too because oil is such a large part of the Canadian economy. A low oil price can be good for the USA because the American economy is more diversified, and transportation costs for food and manufactured goods go down.
 
ColemanwastheGOAT said:
Biden scrapping the Keystone XL did nothing though right?
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Scrapping Keystone XL was bad, but there is still Keystone. Losing Energy East means Quebec gets its oil from Saudi Arabia instead of Alberta and loss of an export market to Europe.

Also, Quebec gets milk tariffs on American milk to keep its dairy farmers happy (while Canadians pay over 20% more for milk), plus Quebec gets equalization payments from Alberta to keep Albertan oil workers unhappy. All this happens while Quebec has huge untouched reserves of oil itself. Bernier was the only one talking about the real problems.
 
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Maybe he can run for the house when Canada becomes the 51st state

Become a member of the squad
 
gatchaman said:
The thing is, Trump didn't implement a tariff in his last term; he just increased oil production. He is proud of the damage done to Iran by the low oil price. But a low oil price does damage to Canada too because oil is such a large part of the Canadian economy. A low oil price can be good for the USA because the American economy is more diversified, and transportation costs for food and manufactured goods go down.
Click to expand...

We'll see. The Canadian economy has been hampered for a multitude of reasons over the past decade and even with oil it's impossible to make predictions. I'd still be surprised if Canada doesn't have a turnaround from where it is now. At the very least, it's probably good for a new direction because this clearly wasn't working out for them.
 
On a side note, while looking for something I saw a video of a woman confronting Trudeau at a ski resort over Christmas and telling him to leave. It's amazing that the leader of Canada can go wherever he wants and basically anyone can just walk up to him and start a conversation.

Meanwhile, we've got secret service working overtime and Dump dodging bullets. Quite a contrast.
 
Sweater of AV said:
On a side note, while looking for something I saw a video of a woman confronting Trudeau at a ski resort over Christmas and telling him to leave. It's amazing that the leader of Canada can go wherever he wants and basically anyone can just walk up to him and start a conversation.

Meanwhile, we've got secret service working overtime and Dump dodging bullets. Quite a contrast.
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Trudeau is protected


better than his predecessor Jean Chretien.


Chretien had to choke a guy
220px-Shawinigan_Handshake.jpg


and fend for himself against a guy with a knife in the Prime Minister's Residence.
 
gatchaman said:
The thing is, Trump didn't implement a tariff in his last term; he just increased oil production. He is proud of the damage done to Iran by the low oil price. But a low oil price does damage to Canada too because oil is such a large part of the Canadian economy. A low oil price can be good for the USA because the American economy is more diversified, and transportation costs for food and manufactured goods go down.
Click to expand...
To get down oil prices paritally is also in Canada long term interest in reality. Main tool against U.S for Canada isn't oil, while Canada might export to EU too.
There are damn a lot of other supplies Canada might in reality use as pressure tool vs U.S, stuff U.S can't replace easily and quickly.

Iran is ally for Belarus and Russia and North Korea... most likely it will not be fun for Canada for long run at all.
 
@Halifax are you happy about this?

I guess Canada finally had it with the woke government same as the US. Now for UK and Australia. I am not a conservative, nor am I liberal, but the woke garbage is not at all for me
 
Sweater of AV said:
We'll see. The Canadian economy has been hampered for a multitude of reasons over the past decade and even with oil it's impossible to make predictions. I'd still be surprised if Canada doesn't have a turnaround from where it is now. At the very least, it's probably good for a new direction because this clearly wasn't working out for them.
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Ain't happening. No Canadian leader has an economic or development plan for fixing the shit that's wrong with my country. What we need is a comprehensive plan for developing & managing our energy resources, industry, and overall economy. None of the retarded clowns are anywhere near as competent as the Chretien-Martin Liberals of the 90s who turned a budget deficit into surplus and built the foundations for ~20 years of growth.
 
Reports are the GG has approved a request to prorogue until March 24 and Trudeau plans to stay on as PM until a new leader is picked.
 
How does it work once he steps down in Canada? Does it go VP style or is there a vote for replacement? And is the placement(s) better or worse?
 
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