Trudeau's first shot in a trade war......

[Derek 2.0]

......is aimed at appeasing gypsum producers in Ontario and penalizing US producers that supply Western Canada, that the Trudeau government accuses of dumping onto the market.....the problem though, this is going to hurt builders in Western Canada, namely British Columbia's Lower Mainland and Greater Victoria region (which have some of lowest unemployment rates in Canada) and without a doubt help cool one of the most positive sectors in BC's economy......this, combined with the BC Liberal's foreign buyer's tax, should help stall BC's real estate market.....and in turn, one of the few Province's with an actual stable economy.......

..........But it gets even better.......the previous Liberal governments handling of softwood lumber (which the Americans accused us of dumping on their market) was one of many reasons that British Columbians soured on the Federal Liberals in the 1990s and early 2000s (With softwood only be resolved by the Harper Government)....Now the Liberals are accusing the Americans of dumping drywall? What do you figure the Americans response will be with softwood lumber?

We are weeks away from the end of the softwood lumber deal's (which expired last year) grace period, at such time, the Americans can launch a counter trade actions against Western Canadian lumber.......

Trudeau........you're doing it wrong.......and if they think they can blame this on protectionist Americans in Washington, just wait until (if) Trump becomes president.........Oh well, look at it this way, when the BC forestry industry dries up, following the construction and real estate markets, BC will always have "cheap hydroelectric energy" to sell to the Americans generated from the Site C Dam (Which Trudeau also approved )

[overthere]

the problem though, this is going to hurt builders in Western Canada,

Trudeau is a step ahead here already. There are not many builders foolish enough to build new homes in SK or AB.

BC will always have "cheap hydroelectric energy" to sell to the Americans generated from the Site C Dam (Which Trudeau also approved )

What? BC is counting on Rachel Notley being forced by her own actions to pay a premium for Site C power, since Notely forced several AB generators out of business. The hilarious thing is that she now expects those same generators to eat the multibillion dollar losses from her actions to a) not sue the govt and b ) invest many more of their billions in expensive 'renewables.

In return, Christy Clark will 'allow' the expansion of a pipeline that has been in BC for about 60 years now. In real terms, this pending bit of balckmail confirms that every hamlet, city, province and Firsrt Nation has a veto over federally mandated projects in our Brave New World.

And of course, the main purpose of Site C development is to provide hydro to the many LNG projects that are not happening now. And Trudeau has not approved any of those either. It likely won't matter if the federal government stops rotating on its own thumb now, it is unliikely that Petronas or anybody else is interested now in BC LNG. All the prime, juicy LNG supply contracts and clients have now bought elsewhere.

But budgets balance themselves.

Edited September 15, 2016 by overthere

[Derek 2.0]

Trudeau is a step ahead here already. There are not many builders foolish enough to build new homes in SK or AB.

Without a doubt, and that is why I focused more on my own Province, that does currently have a building boom....Victoria just passed Calgary and is now the third most expensive place to live in Canada.......this growth will very likely stall with an increase in drywall prices, with current and then budgeted projects based on the cheaper American products.........

......Trudeau poking the Americans in the eye over drywall will very much so result in American tariffs on BC softwood lumber.....which would crater one of the major sectors of BC's economy..

What? BC is counting on Rachel Notley being forced by her own actions to pay a premium for Site C power

Before Notley is forced to buy Site C power, someone will also have to pay a fortune for new transmission lines.......LNG and future BC growth aside, the Americans were/are the targets for hydro power generated from the massive "Hero Project".........

...................

Though I've voted for the BC Liberals since the Socreds folded, and will likely vote for them next year, Site C would be the reason I didn't vote for them.......The BC Greens have indicated that with the money to be pissed away on Site C, we could build an equal amount (in terms of power generated) of Wind/Solar/Tidal/Geothermal plants and still pay less per kilowatt.............It is a major issue here in BC, and if Clark losses next year, will be one of likely causes........And Trudeau, who made huge Liberal gains in BC last year, has rubber stamped it and in doing so is pissing off people (In BC) from all political stripes.....

And of course, the main purpose of Site C development is to provide hydro to the many LNG projects that are not happening now. And Trudeau has not approved any of those either. It likely won't matter if the federal government stops rotating on its own thumb now, it is unliikely that Petronas or anybody else is interested now in BC LNG. All the prime, juicy LNG supply contracts and clients have now bought elsewhere.

And what did the Chinese do in return? Slap new standards on Canadian canola imports that could cost Canadian farmers billions.......the cost of (not) doing business.....

But budgets balance themselves.

They sure won't if the two largest markets on the planet start slapping protectionist roadblocks on Canadian goods and resources.........

[bush_cheney2004]

...They sure won't if the two largest markets on the planet start slapping protectionist roadblocks on Canadian goods and resources.........

Time to teach Justin Trudeau that Canada cannot win a trade war with China or the United States. Hose 'em.....

[Derek 2.0]

Time to teach Justin Trudeau that Canada cannot win a trade war with China or the United States. Hose 'em.....

A Trump-Trudeau trade summit would be interesting to say the least...........