NightOwl

joined 1 year ago
 

In perhaps his most disappointing policy announcement thus far, Carney has indicated he will scrap the Liberal's plan to increase the capital gains inclusion rate. This mildly progressive measure was directed squarely at the passive incomes of the wealthiest sliver of Canadians and would have served as a healthy revenue generator. Instead, it's destined for the scrapheap.

 

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The Chinese government promised a 100 per cent levy on Canadian canola oil and meal, plus a 25 per cent duty on seafood and pork. Those tariffs on Canadian goods imported to China kick in on Thursday.

As the tariffs take effect, Saskatchewan Premier Scott Moe called on the federal government to remove its levies on electric vehicles amid fears that his province could face job losses and face the brunt of the blowback.

Moe pointedly called it “a Western Canadian expense at the benefit of a non-existent EV auto industry in Eastern Canada.”

Faced with calls to rethink the tariffs, Ford’s office said the premier continues to back the tax on Chinese-made vehicles.

 

Norman Paterson School of International Affairs Professor Philippe Lagassé told CBC the US could "probably" prevent upgrades or new parts for Canada's offensive fighter jets, but the "entire armed forces has this problem."

Former F-35 test pilot and retired lieutenant-colonel Billie Flynn echoed Lagassé.

"There is nothing unique about the vulnerability of the F-35", Flynn noted. "Remember that every missile that we own and fire on the CF-18s and all our frigates, all our offensive weapons are American and necessarily the United States government has control over what's loaded into the latest version."

Canada's military is desperate to avoid this discussion. According to retired Vice-Admiral Mark Norman, "senior officers are likely terrified by the perceived abandonment of their USAF [United States Air Force] relationships" that's been caused by questioning the F-35 purchase. The RCAF leadership is facing a "crisis of identity", adds Norman, since they have "a cultural bias towards the USAF".

 

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