A planned electric vehicle battery plant, one of the biggest industrial investments in Canadian history is under threat due to Joe Biden. Work stopped Monday…
Biden stretched too far on that front and faced pushback from trade partners like Canada and from within his own party, so those measures were dropped. That wasn’t the end of his protectionist measures though, Biden doesn’t believe in free and fair trade with his neighbours, he believes in screwing us over..A few months after the federal and provincial governments announced the Stellantis deal, the Biden administration announced their oddly named Inflation Reduction Act.
Purists might argue that there should be no subsidies and both the political left and political right have campaigned against corporate welfare, which this certainly is. The country and the economy aren’t run by purists though and those making decisions must deal with that reality. The Trudeau government had the option to offer similar bribes or lose out on the kind of investment that only comes along every few decades if not longer.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LILLEY: Biden is no friend of Canada and Trudeau needs to say soA planned electric vehicle battery plant, one of the biggest industrial investments in Canadian history is under threat due to Joe Biden. Work stopped Monday…
Read more »
Lytton is Canada’s hotspot: Environment Canada - Terrace StandardLytton broke an 11-year record for highest temperature
Read more »
The Week Ahead: Canada inflation data; Earnings from Home Depot, Canada Goose - BNN BloombergA look at what investors will be watching in the upcoming week.
Read more »
LILLEY: TTC secretly extends Rogers contract for cellphones in subwayThe TTC has quietly, and some would say without authority, extended the Rogers contract for subway cell service by 10 years.
Read more »
LILLEY: Crombie silent on plans to run for Ontario Liberal leadershipMississauga mayor silent on plans to jump ship to Ontario Liberal leadership race.
Read more »
Doug Ford warns Trudeau government needs to ‘step up’ with subsidies for auto giant StellantisAs Stellantis halted construction on its massive Windsor battery factory, Premier Doug Ford warns Ottawa has to “step up” to match subsidies given to Volkswagen in St. Thomas.
Read more »