$11B icebreaker contract boosts Algoma Steel in Sault - A multi-billion-dollar Canadian contract for a Quebec shipbuilder is good news for Sault Ste Marie: Algoma Steel products will be used in the construction. https://t.co/wjAxKF1n86
Canada’s economy posted its fastest growth in three years in the second quarter of 2026. Exports are rising. Business investment is growing.
Our plan — to build our strength at home and diversify our trade partnerships abroad — is working.
I own a small dessert business. My business has a 100% trade deficit with the grocery store. I’m always buying from them, and they’ve never once bought anything from me.
Now, of course, I take products I buy from the grocery store, turn them into delicious baked goods, and make a 50%+ profit, while the grocery store is running on 2-4% profit margins, but WE HAVE A TRADE DEFICIT! They’re ripping me off with their low, low prices, because they NEVER buy anything from me!
Of course, the alternative is for me to grow, harvest, thrash, grind, then finely mill all of my own flour, including into the various mixes of flour that I use for various products (cake flour, bread flour, all-purpose, etc…), maintain and milk a dairy cow, churn my own butter, make that milk into heavy cream, yogurt, sour cream, condensed milk, and evaporated milk, etc…grow cacao, and then turn into all the different kinds of chocolate and baking cocoa… grow and harvest sugar cane, sorghum, mine salt, make baking powder, baking soda, grow vanilla beans, etc, etc, etc…
All of that (plus WAY more), and we haven’t even talked about all the different fruits and nuts I would need, or how I would only be able to offer certain products during certain times of the year, or how a lot of what I said before wouldn’t even be possible in the climate I live in, but I digress.
If all of that wasn’t cost-prohibitive enough to completely wipe out my profits (it would be, and then some), the time commitment and significant additional physical labor certainly wouldn’t make any of it worth the tiny remaining profit.
Now, compare that to the current screeching about the trade deficits we have with other countries. We import raw materials (aluminum, steel, lumber, etc…) from other countries, which would be labor and/or cost prohibitive for us to make, or that we simply cannot produce or source here, and then we take those materials, and turn them into higher profit margin products, which we then export to other countries. It is exactly the same as my example, but on a macro scale.
JUST IN: Stellantis NV, the maker of Ram trucks and Jeeps, announced Thursday it is temporarily laying off 900 workers at five U.S. facilities following tariffs announced by Donald Trump — Reuters.
BREAKING: The Senate voted 51–48 to pass a resolution blocking Trump’s Canadian tariffs from taking effect. Four Republicans — Sens. Susan Collins, Mitch McConnell, Rand Paul, and Lisa Murkowski — joined all 47 Democrats in supporting the measure.
A sobering message from a history teacher:
I’ve spent years teaching American and international government — from strong democracies like the UK to authoritarian regimes like russia and China.
But lately, the most alarming lesson comes from home.
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@yanikmtandere@KelseyTuoc Wrong way of seing it. I just don't want to be conquered by anyone!.
Why the suppose "land of the free" wants to conquer and annex other countries???