Carney most deeply affected by this:
Prime Minister Mark Carney announced wide-ranging new measures to support Canadian industries most heavily impacted by U.S. tariffs such as agriculture, steel, aluminium and autos as well as reviews of controversial Justin Trudeau-era climate policies on Friday.
Speaking at an airplane manufacturer in suburban Toronto, Carney announced dozens of measures and billions of dollars-worth of new funds that would compel the federal government to prioritize Canadian suppliers in procurement, create a new $370-million biofuel production incentive and a $5 billion “Strategic Response Fund” to help tariff-impacted companies retool and retrain employees.
“What’s going on is not a transition, it’s a rupture, and its effect will be profound. Workers displaced from their jobs, supply chains that have existed for decades disrupted,” Carney said.
(Sidebar: yes, he did it for the workers. Or something.)
Carney’s announcement comes amid a sluggish Canadian economy that shed 66,000 jobs in August. Friday morning, new data showed Canada’s unemployment rate hit a nine-year high at 7.1 per cent last month.
What really happened:
As was stated, the unemployment rate in this country jumped to 7.1 %, shedding 66,000 jobs in that month. Youth unemployment is the highest it has ever been with 14% unemployed youth.
Few want to change the temporary foreign worker plan that dare not speak its name.
So there's that.
The much-hyped EV plants have been a bust. No one wants the grown-up version of a radio-controlled toy car. China, livid with Trump's tariffs on EVs, has taken it out on Canada and its precious canola oil.
Who is investing in EVs?
Who has stocks in Brookfield?
What a blow (to Carney)!
There is no joy in Canada for little Carney has struck out.
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