• Canada has leverage in this trade fight, but economists warn it comes with a cost

  Source: CBC Politics
  Date: 2026-08-30 08:00:00.0
  Tags: [National, Trade, Economy, Energy, Resources, Defence]

  In response to the Trump administration imposing 50 per cent tariffs on approximately $27 billion worth of Canadian goods, Canadian federal officials and economists are weighing various economic levers, including export taxes and quotas on energy and potash, where Canadian commodities account for 63 per cent of U.S. oil imports and 80 per cent of potash imports. Additional retaliatory options discussed include restricting American access, altering defense procurement such as the F-35 fighter jet program, divesting from U.S. treasury bonds held by Canadian entities valued at $459.6 billion USD, and implementing non-tariff measures like the Digital Services Tax. While Prime Minister Mark Carney and industry minister Mélanie Joly have enacted $28 billion in retaliatory tariffs and paused negotiations over trade disputes, economists warn that aggressive retaliatory measures could inflict greater short- and long-term economic damage on Canada than on the United States.

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• New explosives factory could be built on 1,500 acres in northern New Brunswick

  Source: New Brunswick - Regional News
  Date: 2026-08-26 20:19:36.0
  Tags: [New Brunswick, Municipal, Industry, Defence, Resources, Infrastructure]

  The Government of New Brunswick has offered a 1,500-acre parcel of land near Belledune and Huron Bay to defense company Nalagx for the potential construction of an energetics and explosives factory producing TNT and propellants. Natural Resources Minister John Herron stated the land will be held for two years on the condition that Nalagx secures an agreement with a credible operating partner by December 31, with full production targeted for 2030. Premier Susan Holt emphasized that no final contract or commitment has been finalized and that the project is in its earliest exploratory stages, involving community and First Nations consultations. The site was selected for its proximity to regional roads, rail infrastructure, and the Port of Belledune to support NATO and allied defense supply chains.

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