• 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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• Ontario Marks First Access to Nickel Ore at the Craig Mine Onaping Depth Expansion

  Source: Ontario - Premier's Office
  Date: 2026-08-27 16:30:00.0
  Tags: [Ontario, Mining, Resources, Energy, Economy, Industry]

  Glencore Canada has achieved first access to nickel ore at its nearly $2 billion Onaping Depth Project in Greater Sudbury, a 2,600-metre-deep extension of the previously shut down Craig Mine. The project is projected to produce one million tonnes of ore per year at scale, yielding approximately 280 kilotonnes of nickel and 145 kilotonnes of copper beyond 2040, while supporting 400 full-time jobs at full production in 2027. The operation utilizes an all-electric fleet of 66 vehicles to reduce emissions and energy use, with ore being processed at Glencore's Strathcona Mill and Sudbury Smelter.

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• New Brunswick to review lifting natural gas moratorium

  Source: New Brunswick - Regional News
  Date: 2026-08-26 19:06:44.0
  Tags: [New Brunswick, Energy, Resources, Economy, Trade, Indigenous]

  New Brunswick Premier Susan Holt announced a five-month public review of the province's resource development to evaluate lifting the decade-old moratorium on hydraulic fracking for natural gas. Prompted by rising cost-of-living pressures, increased energy demand, and 50 percent U.S. tariffs implemented by the United States, the government aims to assess safety, environmental standards, and economic opportunities. Natural Resource Minister John Herron and Indigenous Affairs Minister Keith Chiasson noted that the process will feature extensive consultations with First Nations communities. The comprehensive review findings are scheduled to be announced in January 2027, with monthly progress reports issued by the provincial government.

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