• 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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• Company works to sell Yukon on coal-fired electricity amid push to phase it out

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-08-28 22:46:19.0
  Tags: [National, Energy, Mining, Resources, Environment, Climate]

  Vancouver-based Strategic Metals has proposed developing the Division Mountain deposit southwest of Braeburn, Yukon, to fuel a proposed 100-megawatt coal-fired power plant and open pit coal mine. The facility would burn 500,000 tonnes of coal annually for over a century to address the territory's growing energy deficit and recent grid strains. The proposal faces intense criticism from researchers and conservationists, including Eyab Al-Aini of the Canadian Climate Institute and Sebastian Jones of the Yukon Conservation Society, due to a lack of carbon capture and storage details, greenhouse gas emissions that are double those of natural gas, and the federal government's 2030 phase-out pledge for unabated coal plants.

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