**US imports ~3.8–4.2 million barrels per day of Canadian crude recently (EIA weekly/monthly data), often 50-60% of total US crude imports.** Canada is by far the top supplier.
Many US refineries (esp. Midwest/Gulf) are built/configured for Canadian heavy sour crude. Cutting it off would force costlier alternatives, refinery adjustments, and short-term price/operational pressure — domestic shale is mostly light and gets exported instead. The North American market is tightly integrated for mutual efficiency.
"While it is true that Canadian oil and natural gas volumes have grown over the past ten years, they grew at a fraction of their potential. We have continued to grow by debottlenecking existing projects, improving efficiencies, and brownfield expansion. We continue to lever off the investments that were made prior to 2015.
In fact, only one greenfield oil sands project has been approved and built since 2013, while capital investment in oil sands peaked in 2014.
So as Canadians, we need to ask ourselves – what did we get for this? We forewent investment, jobs, royalties, and taxes, while the world continued to consume exactly the same amount of energy... it just didn’t come from Canada." /4
@ChrisLaBossiere@PierrePoilievre Do people realize Lincoln’s have been made in China for years? No one even realized it and it wasn’t a big deal. This is so overblown
Most goals through first 4 games of the #StanleyCup Final
North Stars vs Islanders (1981) 36
Arenas vs Millionaires (1918) 36
Golden Knights vs Hurricanes (2026) 33
Flyers vs Islanders (1980) 33
Remember that FIFA technically is a nonprofit organization. It’s a corrupt machine that deserves to die. The goal should always be to maximize exposure to football, to democratize the sport, to buy fans first. I wonder if FIFA will survive the next 40 years (roughly the rest of my lifespan).
This post gets the facts backwards on dairy products supply management. Realism means negotiating from facts:
✔️ the U.S. runs the bilateral dairy surplus
✔️ Canada imports more dairy than it exports
✔️ CUSMA already created U.S. dairy access
✔️ high tariffs are over-quota backstops
✔️ Canada’s GDP weakness is broader than dairy
✔️ unilateral concession is not strategy
Facts first. Then negotiate.
The U.S. sells far more dairy to Canada than Canada sells to the U.S. In 2024, U.S. dairy exports to Canada were CAD $887.5M. Canadian dairy exports to the U.S. were CAD $357.9M. That is a U.S. dairy surplus, not a Canadian one.¹
Canada also imports far more dairy overall than it exports. Agriculture Canada reports 2025 dairy imports of CAD $1.93B versus exports of CAD $559.7M.²
The tariff claim is missing facts and context.
Yes, Canada has high tariffs on imports that are over-quota. That is how tariff-rate quotas work. A TRQ allows a set volume to enter at a lower within-access duty. Imports above that access level face the higher over-access tariff.³
CUSMA/USMCA already created dairy access for U.S. exporters. Canada publishes CUSMA dairy TRQs, access quantities, quota-holder lists, and utilization data.⁴
So the 200%+ tariff number is not the normal tariff on all U.S. dairy entering Canada. It is the over-quota backstop.
The recession claim needs context too.
Statistics Canada says real GDP was unchanged in Q1 2026, after declining 0.2% in Q4 2025. Exports edged down 0.1% in Q1, led by fewer passenger car and light truck exports, which StatCan says were affected by U.S. tariffs.⁵
Reuters reported that some economists called the data a technical recession because GDP declined for two straight quarters on an annualized basis. But it also reported that quarterly GDP was flat in Q1, and that economists were divided on whether to call it a recession.⁶ The Bank of Canada later cautioned against putting too much weight on one indicator.⁷
And no, “folding cards” is not realism.
CUSMA review is a negotiation. The U.S. protects its dairy farmers too. USDA’s Dairy Margin Coverage program makes payments when the dairy production margin falls below a selected coverage level.⁸
Footnotes / sources
1. Dairy Farmers of Canada, “What is the trade balance in dairy between Canada and the United States?” The page reports U.S. dairy exports to Canada of CAD $887.5M in 2024 and Canadian dairy exports to the U.S. of CAD $357.9M.
https://t.co/AqoNx4bt4m
2. Agriculture and Agri-Food Canada, “Dairy trade reports.” The 2025 table reports Canadian dairy exports of CAD $559.7M and imports of CAD $1.929B.
https://t.co/6Sal4IKrc7
3. Global Affairs Canada, “General information on the administration of TRQs.” GAC defines a TRQ as a quota allowing a product to be imported at a lower within-access rate, with additional imports allowed at a higher over-access rate.
https://t.co/fLPNGa5mjd
4. Global Affairs Canada, “Canada’s supply-managed tariff rate quotas” and “Key dates and access quantities 2026-2027.”
https://t.co/uU3z7SyCn5
https://t.co/Bwhnnz3zuI
5. Statistics Canada, “Gross domestic product, income and expenditure, first quarter 2026.”
https://t.co/LIpXRAtJTr
6. Reuters, “Canada enters surprise technical recession amid tariff uncertainty,” May 29, 2026.
https://t.co/CLuUTSHIrO
7. Reuters, “Bank of Canada says don’t put much weight on GDP data showing technical recession,” June 1, 2026.
https://t.co/u6TwiKQNps
8. USDA Farm Service Agency, “Dairy Margin Coverage Program.”
https://t.co/xzduHfnRN0
Voyager 1 is 24 billion kilometers from Earth.
It communicates with us using a 23-watt transmitter.
Less than a refrigerator light bulb.
The signal takes 22 hours to reach us, traveling at the speed of light.
By the time it arrives, it's 20 billion times weaker than the power of a digital watch battery.
NASA's Deep Space Network picks it up using 70-meter dish antennas cooled to near absolute zero to reduce electronic noise.
The engineering required to hear a 23-watt signal from 24 billion km away is arguably more impressive than the spacecraft itself.
Launched 1977.
Still transmitting.
Still being heard.
We built something that works perfectly, 47 years later, in conditions no one has ever tested in.
That's what engineering for the long term looks like.
What the EU Did to Poland and the Baltics
I think the most underreported story in global economics is what European integration has done to the countries that were once the Soviet Union’s western margin.
In 2004, Poland joined the European Union. Its unemployment rate was around 20 percent. It was a middle-income country with serious structural problems and a GDP that reflected the grey inheritance of central planning.
Twenty years later, its GDP has passed one trillion dollars, having roughly tripled between accession and 2020 alone.
A new study from the Polish Economic Institute found that Poland’s economy is 42 percent larger than it would have been had it not joined the EU.
https://t.co/aSOsD7rGqm
@wealthmoose@lamphieryeg -0.1% is his point. The stats aren’t accurate enough to make a huge deal about that. If it gets revised up 0.2 next month will you declare everything solved?
Under @stephenharper, tax incentives were implemented to encourage parents to put their kids in *SPORTS.* After 11 years, the Liberala are *gleefully* celebrating giving people some of their tax dollars back so they can *EAT.*
Think about that.
Nobody talks about the lonely part.
“People always talk about talent, but what they don’t wanna talk about is loneliness. The empty gym…”
- Larry Bird
Confidence.
Nobody gives it to you.
You build it rep by rep.
In the gym when no one’s watching. https://t.co/4zIilqfX40