Trump's tariffs would spell disaster for U.S. markets, Ontario premier says
CBC
The premier of Canada's most populous province said Tuesday president-elect Donald Trump's plan to impose sweeping 25 per cent tariffs on all Canadian products would be a "disaster" that would hurt U.S. stock markets.
Ontario Premier Doug Ford also said in an interview with The Associated Press that he's "extremely worried" about Trump's plan to launch a mass deportation of millions of undocumented people. Ford said he has a to plan send hundreds of police officers to the border if they come north.
Ford said tariffs won't work considering how integrated the U.S. and Canadian economies are. He noted that in the auto sector alone parts and go back and forth between Canada-U.S. border seven or eight times before being assembled in Ontario or Michigan.
"It is so integrated. I don't even know how you separate that in the supply chain. It would be a disaster," Ford told the AP.
"It will affect the market. The market will drop and we have every CEO saying that is not the way to go."
Ford said the market consequences will get Trump's attention.
"I know he has many scorecards, but one is the stock market. It will affect the market, the market will drop," Ford said.
Ford said he's also very worried about Trump's mass deportation plan. Trump has talked about creating "the largest mass deportation program in history," calling for using the National Guard and mobilizing domestic police forces.
"I am extremely concerned," Ford said. "We do have a plan ready. We have hundreds of provincial police officers that are ready within hours, if not immediately, to hit the borders."
Ford said a combination of local police, provincial police and the federal government will all be working together. "We'll make sure that we tighten up that border like we've never seen before," he said.
Trump has threatened to impose 25% tariffs on all Canadian goods if Canada and Mexico do not stem the flow of migrants and fentanyl from entering the U.S. border — even though far fewer of each crosses into the U.S. from Canada than from Mexico.
Ford made the comments shortly after Canada's federal government announced some more details about a billion dollar border plan that's designed to avert the tariffs. Canada's national police plans to create a new aerial intelligence task force to provide round-the-clock surveillance of Canada's border using helicopters, drones and surveillance towers.
Canada will also propose to the United States the creation of a North American "joint strike force" to target organized crime groups that work across borders.
"We're stepping up to keep our border strong and secure: By deploying new helicopters, drones and surveillance tools.
A garbage truck with its loader up took out multiple streetcar wires at a major downtown intersection, causing road closures on one of the city's busiest surface transit routes Tuesday, Toronto police say.
Siksika is pursuing legal action against a provincial government decision to relocate the Ghost Dam downstream after it says the province failed to consult with the southern Alberta First Nation.
A day that rattled Canadian politics ended the exact same way Chrystia Freeland spent a defining chapter of her political career: Getting trash-talked by Donald Trump.
Thick billowing smoke blew from a Mount Pearl industrial park warehouse early Tuesday morning, as dozens of firefighters converged to battle the blaze.
Canada Post workers in the Sudbury area are angry and frustrated at a decision forcing them back to work, according to the president of the Canadian Union of Postal Workers Local 612.
The holiday season is proving anything but bright for some Nova Scotians whose Christmas packages have gone missing, despite delivery drivers claiming they were delivered.
It could cost tens of millions of dollars to implement a Moncton council motion aimed at addressing a pungent smell in the city's north end, councillors heard Monday.
The power outage in Montreal's Saint-Michel neighbourhood has now gone well over the 72-hour mark, but Hydro-Québec says it has been able to restore power to some customers through mobile generators it deployed to the affected area.
Despite a decade-long fight and a court judgment in their favour, a Manitoba family says they're still looking for justice, alleging more than $170,000 of their 82-year-old aunt's money was misappropriated by a woman they thought was her friend.
Electric vehicle manufacturers are using the Canadian Light Source (CLS) synchrotron in Saskatoon to develop batteries with a lifespan pushing eight million kilometres, roughly 25 times the average life of batteries currently in use.
P.E.I. had the fourth-lowest child poverty rate in Canada in 2022, but the authors of the latest child and family report card for the province say that is no reason to celebrate.