Trump Tariff Threat, he's correct - We are closed: Finance, Airlines, Dairy, Phones

[Aristides]

19 minutes ago, August1991 said:

1. Citibank does NOT operate as BMO.

2. Clueless.

3. Videotron. Quebec. There's your tell...

4. We send them aluminium, New Zealand can send better/cheaper butter to Canada. 

1. I made it clear why US banks do not do retail banking in Canada. There are no rules that exclude US banks from operating under the same regulations as Canadian banks. They choose commercial banking because the regulations are less strict than for personal banking. Plus, the cost of setting up a complete network of branches just isn't worth it to them. 

2. You are the clueless one. Cabotage forbids foreign carriers from selling tickets on domestic routes. Except for EU members within the EU, no country allows it.

3. Last I heard, Quebec was part of Canada. Quebec is not the only province with its own telecom companies.

4. You really have a weird dairy fetish. 

 

[Legato]

8 hours ago, Aristides said:

Plastic bags is an Eastern thing, we have jugs and cartons out west. Be prepared to subsidize farmers with your tax dollars like the US.

Yes.

I mourn the English milkman, fresh milk on your doorstep every morning in 1/3 pint bottles.

[Aristides]

We had milkmen here when I was a kid. I can remember the frozen cream popsicle that would be sticking out of the tops of un homogenized milk sitting on the doorstep in the morning.

[SpankyMcFarland]

My uncle was a milkman but he delivered in the afternoon. Demand was never great. 

[SpankyMcFarland]

Banking has to be strictly regulated. We know what happens when they run out of money - you and I foot the bill. Any business like that can’t be allowed to simply do its own thing. They are making fair chunk of change already. 

On telecom we have been royally rogered for decades by a handful of well-placed families but I feel the differential on cell phone prices with otherwise expensive European countries isn’t as outrageous as it used to be?

I’d like to see more competition in our airline sector. It would be interesting to see what Ryanair could do here. 

 

 

 

 

 

 

Edited July 18, 2025 by SpankyMcFarland

[blackbird]

On 7/11/2025 at 8:43 PM, August1991 said:

We Canadians do not allow foreign financial institutions into Canada.

We do not allow foreign airlines into Canada.

We do not allow foreign cheese into Canada.

We do not allow foreign phone providers into Canada.

====

Trump is correct.

I believe phone providers or telecom companies must be 51% Canadian owned.

The reason why Canada has these kind of restrictions is to protect our economy, security, and sovereignty from takeover by a foreign power.  Canada's population is only about one-tenth the size of the U.S. population and a small fraction of the size of China or Russia's populations.  Canada cannot allow another country to come in and take over our economy or sovereignty through domination and control of our key industries. 

Canada does allow foreign corporations or multi-national corporations to operate in Canada in some sectors, but it must be done in a way that respects our sovereignty and economy. Make sense?

The Trump tariff threats are not justified to oppose Canada protecting it's economy and sovereignty from takeover by the U.S.  The U.S. is still free to trade with Canada in many sectors and we have had fair trade for decades. 

There is no reason why Canada has to surrender it's sovereignty and economy to the U.S. which would allow them to exploit Canada in an unfair manner.

Edited July 18, 2025 by blackbird

[paxamericana]

35 minutes ago, blackbird said:

respects our sovereignty and economy

What sovereignty!? Yeah nah. Your ass belongs to America, you live on America’s continent. And if any you separatist Canucks think otherwise, you’re delusional. You trade more with America than yourselves, There is no Canadian identity, we have the same parents, America just left the house early, you eat like us, you look like us, you speak like us, you’re already American. Your own pride just won’t let you admit it.

Edited July 18, 2025 by paxamericana

[blackbird]

We share many similar values and interests, but we are a sovereign nation and have a different democratic system of government.  Americans prefer a Republican system and have their own Constitution which is different than our Constitution.  We have a Constitutional Monarchy which means we have a King or Queen as head of state.  But the King does not govern Canada.  We elect a Parliament or House of Commons and the party with the most seats forms the government.  We also have Provincial governments which have certain powers under the Constitution.  The powers are divided between the Federal government and the Provincial governments.  So it is a different system.

As far as Trudeau goes, he had his opinions and now he is gone from the Federal government.  Many Canadians disagreed strongly with his comments and opinions.  Politicians come and politicians go, but the country remains and will continue to be a sovereign country in association with other countries who share the same values.  We have much in common with our American neighbours and will continue to do so even during the existing political leaderships in our countries and long after they are gone.

[CdnFox]

2 hours ago, Aristides said:

We had milkmen here when I was a kid. I can remember the frozen cream popsicle that would be sticking out of the tops of un homogenized milk sitting on the doorstep in the morning.

You may not remember but we actually had no cracks here for a while too. It would have been in like the early '70s or something. But I distinctly remember cutting them open and the little plastic jug that they sat in

[BeaverFever]

14 hours ago, August1991 said:

1. Banking in Canada is weird - Canada Trust/TD. Foreigners cannot offer such services. (Mulroney liberalised.)

False. HSBC (Honk Kong/UK), ICICI (India)offered personal banking and have for years, RBC’s recent acquisition of HSBC notwithstanding. ING bank was dutch before it was acquired by Scotia and rebranded Tangerine. Otherwise foreign owned banks that off personal banking in Canada include:

Bank of China

KEB Hana (Korea)

State Bank of India

The big American banks are all here and collectively have over $1.5 trillion in assets but focus on lending, investment and commercial finance with some offering a few limited personal banking options. 

There is no law barring thes banks from expanding the market is simply difficult to penetrate, people tend to stick with banks they know and the Canadian banks and credit unions are well established for almost 200 years in some cases. 
 

14 hours ago, August1991 said:

Delta can fly to Toronto/Montreal, only Porter, and uh others, can fly between the two.

Same rules in USA regarding foreign airlines. And quite frankly I don’t want the US-controlled putting ours out of business.  

14 hours ago, August1991 said:

Videotron

What about it?

14 hours ago, August1991 said:

4. I reckon that foreign cheese will break this.  

Huh?
 

 

Look at howTrump is trying to weaponize  US economic influence over Canada to harm us. What kind of lunatic wants MORE of that?  We need LESS of that.   Id be ok with a European telco setting up shop if that improves the market.  You do need big players to make the big capital investments though. You’re not going to have the latest coast to coast to coast high speed internet and cell data if your market is made up of a dozen small companies each with a tiny sliver of the market. Even USA it’s dominated by just a few

[herbie]

4 hours ago, blackbird said:

I believe phone providers or telecom companies must be 51% Canadian owned

I worked for the old BC Tel when Reagan booted them our of Point Roberts because they banned 'foreign' companies from the USA. BC Tel was 51% owned by the US at the time.
Alberta, Saskatchewan had provincially owned companies so they could guarantee phones outside of the big cities.
Don't even pretend that's a bad policy. Even today cable, fibre optic, even copper based ADSL service is concentrated in big cities and only spreads when your govt pays most of the bill to extend them. Like half a billion to lay fibre from Prince George to Alcan in Kitimat and then in the decades since many towns along the way still aren't hooked into it. 

And August once again repeats the cry that we simply surrender and allow Americans in over any problem at all rather than any other solution. Just like bellowing how privatization solves every problem until most people believe it.

[taxme]

On 7/12/2025 at 5:43 AM, Aristides said:

Four US banks have commercial operations in Canada. They don't do personal banking because they don't like our regulations but then again, Canadian banks never go bust like US banks.

The US does not allow foreign airlines to fly domestic routes. Other than the EU, no country allows it.

We import almost twice as much dairy as we export to the US. The quotas apply to both countries. We do not subsidize farmers or pay them to over produce like the US.

How many foreign telecoms are operating in the US?

https://www.fcc.gov/general/foreign-ownership-rules-and-policies

https://www.paulhastings.com/insights/client-alerts/fcc-proposes-major-expansion-of-oversight-of-foreign-ownership-of-u-s

The last i heard was that Canada was charging over 200% tariff on dairy products coming in from America. WTF? 

And i was watching on Youtube that other day where there were dairy farmers pouring out truck loads of milk out of their trucks and onto the ground. They produced more than their quota would allow, so, they had to get rid of the extra produced milk. That is obscene and criminal as far as i am concerned. 

I wonder what the price of milk would be if they were to just put that extra milk into the market place? I will bet that it would be a lot cheaper for consumers to buy a quart of milk today. Canada is so phkd up with marketing boards and quotas. Canada needs to become a more competitive country and not a communist country. 😇  

[Aristides]

2 hours ago, taxme said:

The last i heard was that Canada was charging over 200% tariff on dairy products coming in from America. WTF? 

And i was watching on Youtube that other day where there were dairy farmers pouring out truck loads of milk out of their trucks and onto the ground. They produced more than their quota would allow, so, they had to get rid of the extra produced milk. That is obscene and criminal as far as i am concerned. 

I wonder what the price of milk would be if they were to just put that extra milk into the market place? I will bet that it would be a lot cheaper for consumers to buy a quart of milk today. Canada is so phkd up with marketing boards and quotas. Canada needs to become a more competitive country and not a communist country. 😇  

There are no tariffs under the quota's negotiated in CUSMA which Trump negotiated and signed in his first term . Those quotas have never been reached so no tariffs have been paid. Canada imports almost twice as much dairy from the US as it exports to the US. Canada's system is user pay, the US subsidizes its farmers which keeps their prices low. If you did even the slightest much research outside of your usual social media garbage, you would know all of that instead of babbling on about communism. 

The US has actually encouraged their farmers to over produce and then whine because we don't let them dump it in Canada and drive our farmers out of business.

Edited July 18, 2025 by Aristides

[taxme]

On 7/18/2025 at 2:14 PM, Aristides said:

There are no tariffs under the quota's negotiated in CUSMA which Trump negotiated and signed in his first term . Those quotas have never been reached so no tariffs have been paid. Canada imports almost twice as much dairy from the US as it exports to the US. Canada's system is user pay, the US subsidizes its farmers which keeps their prices low. If you did even the slightest much research outside of your usual social media garbage, you would know all of that instead of babbling on about communism. 

The US has actually encouraged their farmers to over produce and then whine because we don't let them dump it in Canada and drive our farmers out of business.

Why then would Canada be buying dairy products like milk from America when Canada allows the dumping of gallons of milk onto the ground? WTF is that all about? The only thing that should be happening here in Canada is for Canada to get rid of all marketing boards and let the free enterprise system rule the day. When i saw those milk producers pouring out gallons of milk onto the ground, that should have been seen as a major crime. Food prices in Canada are artificially inflated just like milk prices. And your dictator Carnage in Ottawa will continue to keep this milk dumping crime going. Get lost. 😛

[herbie]

5 hours ago, taxme said:

Canada allows the dumping of gallons of milk onto the ground

Can you even imagine the temper tantrum if we sent it to the USA for less than market price? Diaper Donnie would have a shit fit. He'd need to invent a bunch of new lies. Probably sign an order making hormone, steroid, antibiotic free foods punishable by death. Make minimum federal standards for DDT, e-coli, lead and mercury content while he's at it.

[CdnFox]

25 minutes ago, herbie said:

Can you even imagine the temper tantrum if we sent it to the USA for less than market price? Diaper Donnie would have a shit fit. He'd need to invent a bunch of new lies. Probably sign an order making hormone, steroid, antibiotic free foods punishable by death. Make minimum federal standards for DDT, e-coli, lead and mercury content while he's at it.

We have lots of poor people here who could use it. Not everyone has a credit card to Triple the value of their home with  

[August1991]

On 7/18/2025 at 10:18 AM, SpankyMcFarland said:

Banking has to be strictly regulated. We know what happens when they run out of money

....

 

 Spanky, who will do the regulating?

[August1991]

On 7/18/2025 at 10:52 AM, blackbird said:

....

There is no reason why Canada has to surrender it's sovereignty and economy to the U.S. which would allow them to exploit Canada in an unfair manner.

Yet, blackbird, you allow a few dairy farmers to exploit/rip-off ordinary Canadians.

This is wrong.

Albertans must buy our cheese but we Quebecers can't buy your natural gas.

[I am Groot]

On 7/11/2025 at 11:43 PM, August1991 said:

We Canadians do not allow foreign financial institutions into Canada.

We do not allow foreign airlines into Canada.

We do not allow foreign cheese into Canada.

We do not allow foreign phone providers into Canada.

====

Trump is correct.

None of the above is true.

On 7/12/2025 at 9:40 AM, Legato said:

OT a little but...

The Canadian telecom market has fewer major players than the US, which can lead to less price competition. We pay on average much more than the US.

We pay on average much more than anyone on planet Earth.

[August1991]

3 minutes ago, I am Groot said:

None of the above is true.

.....

Groot,

It's all true. Check it out.

[blackbird]

2 hours ago, August1991 said:

et, blackbird, you allow a few dairy farmers to exploit/rip-off ordinary Canadians.

This is wrong.

No, they're not ripping off ordinary Canadians.

quote

Here's why:

1. No bailouts

Supply management makes food consumers pay for the cost of producing it. By matching supply quotas with market demand, the industry sets stable, predictable prices.

These farmers don't need government subsidies or bailouts.

NDP Leader Tom Mulcair toured a southwestern Ontario dairy farm last week and listed the ways New Democrats would support farmers, including - you guessed it - defending supply management at trade talks. (Hannah Yoon/Canadian Press)

Price comparisons for food can be fraught due to variable factors like transportation costs and retail competitiveness. But some studies suggest Canadians don't pay any more for milk than consumers in unregulated markets.

When Australia ended supply management, the consumer price for milk went up.

Other studies find small price differences. But unregulated farm prices in the U.S., for example, make taxpayers pay twice: the last major farm bill passed in Congress authorized some $1 trillion US in subsidies to keep American agriculture afloat. 

2. Food sovereignty

Like to buy local? Prefer fresh Canadian products? You're not alone. But a 100-mile diet is only possible when local farm businesses are stable.

When export-driven beef, pork or grain farmers fall on bad times, their dairy and poultry counterparts, more secure with stable prices, sustain rural economies by continuing to employ people and patronize businesses like vet clinics, machinery dealerships and farm supply stores.

The experience of other countries suggests ending marketing boards could lead to more concentrated industries, with farms operating on a larger scale in fewer locations.

Fresh perishables that don't travel or age well, like raw chicken, could be harder to find.

3. Sustaining the little guy  

unquote

Supply management in Canada: Why politicians defend farm marketing boards | CBC News

These are good reasons why politicians of all parties support marketing boards in Canada.

When margins are tight and prices fluctuate, farmers need economies of scale to get by.

3 hours ago, August1991 said:

Albertans must buy our cheese but we Quebecers can't buy your natural gas.

That is because Quebec chose to reject any pipeline from Alberta and B.C.   They made the choice.  They also rejected the Energy East Pipeline that would have shipped oil to Quebec and martime ports to sell overseas.  Entirely Quebec's decision.

It is surprising you don't know the simple facts.  You need to do some studying before posting ignorant comments.

[blackbird]

I can't believe anyone in Quebec who posts on here would not know that it was the Quebec government that rejected oil and gas pipelines into Quebec because of their environmental fanaticism.

"Just a day after categorically rejecting the Energy East oil pipeline, Quebec is now rethinking its stance on a liquefied natural gas (LNG) pipeline from Western Canada thanks to economic uncertainty and trade tensions with the US.

That’s because the government of Quebec Premier François Legault, which scrapped the LNG-Québec project in 2021 due to environmental concerns, is now signalling a willingness to reconsider it. Environment Minister Benoit Charette made it clear on Wednesday, however, that any revival would have to meet the “stringent environmental criteria” that led to its rejection in the first place."

A tale of two pipelines: Quebec reconsiders LNG, but not oil

Wake up and talk to your own government in Quebec instead of blaming everyone else for your problems.

[blackbird]

On 7/11/2025 at 8:43 PM, August1991 said:

We Canadians do not allow foreign financial institutions into Canada.

There are some institutions that a country like Canada located beside the world's most powerful country must control themselves in order to remain a sovereign country.   If you are a Quebecois, you should know that.  If the U.S. takes over every institution in our country, we would be just a puppet of the U.S.   In that case, we would be completely run by and governed by the U.S. but would have no say in what they do with Canada.  If that were the case, we would be better off being a 51st state and have the right to vote in elections in the U.S.  But we don't want to be a 51st state, so why let them take over every industry and institution in Canada?

[SpankyMcFarland]

4 hours ago, August1991 said:

 Spanky, who will do the regulating?

The government has done it and will do it. They’re by no means perfect but way better than the banks who will end up ruining themselves and us if allowed to do so. Without firm supervision, there will always be the temptation for bankers to bend the rules and take more risk than the next guy for a little more profit. Again, Europe and the US were severely jolted by the 08 crisis which we largely avoided through prudent management of our banks. 

Edited July 21, 2025 by SpankyMcFarland

[SpankyMcFarland]

On 7/18/2025 at 4:50 PM, taxme said:

The last i heard was that Canada was charging over 200% tariff on dairy products coming in from America. WTF? 

We are still a net importer of dairy products from them, the second largest. We are also their largest customer for agricultural products - they exported $28.2 billion to us in 2023 although you wouldn’t know it from all the whining they do about supply management. In addition, they subsidize the dairy industry and have thousands of undocumented workers milking their cows for tiny wages. Maybe they need to look at their own uncompetitive and illegal practices before complaining about us. 

Edited July 21, 2025 by SpankyMcFarland