Liberals lied on the carbon tax, according to Statistics Canada data

[Butler1000]

what is wrong with you?
68,100 + 119,200 + 137,900 =325,200 job losses and that is just Ontario
add in the impacts on the rest of the country and job losses will be well north of 500,000
and these will be permeant job losses

we need to get a deal done and soon
trying to wait trump out is just plain foolish

Those are worst case projections. And assuming no deal for 3 years.

That isn't going to happen.

Do you see the rest of the world panicking? The EU just announced a 500 million euro fund to try to STEAL US researchers to come over there. China forced their hand. The British deal was a hand wave with everything back down to the 10%. No other deals announced.

And Trump is now lashing out again over smartphones, thinking the assembly can just be moved. It can't.

Meanwhile the Canadian boycott continues. US Senators are showing up hat in hand, Governors are begging tourists to return. All there prices continue to rise. The Bug Beautiful Bullshit Bill is being exposed for what it is.

The pressure is mounting. Come July shitloads happens. Student loans protections end. Mortgage assistance ends. Tourism numbers will be in and they will see how bad it is. 90 day tariff pause is up. If Trump blinks then everyone knows he is a paper tiger. And the 2nd quarter numbers will show a recession. So much for the Trump economy.

Oh my goodness! We need to give away the farm!

 

[silentkisser]

Probably one of the most trustworthy journalists in Canada.

I could point out how he's dating a Doug Ford's comms manager....and he's basically a mouthpiece for the government. But, I'm sure that wouldn't impact your assessment of Mr. Lilley. And, to be clear, this is an opinion piece, which means he can use whatever formula he likes to come out with his conclusions, even if it wonky math. I suspect that someone, like maybe an old Sun News Network colleague like Kris Sims who is now with the Canadian Taxpayers Federation, might have slipped him some of these talking points....

 

[HungSowel]

what is wrong with you?
68,100 + 119,200 + 137,900 =325,200 job losses and that is just Ontario
add in the impacts on the rest of the country and job losses will be well north of 500,000
and these will be permeant job losses

we need to get a deal done and soon
trying to wait trump out is just plain foolish


you are pretty flippant about 68,000 job loses

losing 325,000 jobs in Ontario alone would be a catastrophe, , one the debt ladened provincial govt can not afford
not if you want universal health care to continue

That is the projected total job losses, not job losses per year or period of time. The total projected job losses by 2029 is 137900 in Ontario.

John stop using numbers and basic math to save yourself embarrassment, stick with your core competency of posting Richard Feynman memes.

 

[Frankfooter]

what is wrong with you?
68,100 + 119,200 + 137,900 =325,200 job losses and that is just Ontario

Yes, Doug Ford is a disaster.

 

[JohnLarue]

]Those are worst case projections. And assuming no deal for 3 years.

those assumptions are not stated anywhere in the article.
again you project your biased view and state it as fact

what is wrong with you ?

325,200 ontario jobs are at risk here
500,000 + Canadians jobs

business have obligations, payroll, interest payments, lease obligations, accounts payable
very few business are capitalized well enough to withstand a prolonged period without sales revenue
they will layoff employees and then close the operations down permanently , while you smugly state you are buying Canadian Fruits and vegetable in the summer and thus we should wait trump out

wake up
once these Canadian shops close, they are not going to open up and start exporting to the US 18 months from now

Do you see the rest of the world panicking?

?? the rest of the world does not depend on the US for 70% of its exports

The EU just announced a 500 million euro fund to try to STEAL US researchers to come over there. China forced their hand. The British deal was a hand wave with everything back down to the 10%. No other deals announced.

they did a deal with China

And Trump is now lashing out again over smartphones, thinking the assembly can just be moved. It can't.

that has nothing to do with what Canada sells into the USA

Oh my goodness! We need to give away the farm!

oh my goodness, you think Canadians can not compete unless they are protected by government

 

[Butler1000]

those assumptions are not stated anywhere in the article.
again you project your biased view and state it as fact

what is wrong with you ?

325,200 ontario jobs are at risk here
500,000 + Canadians jobs

business have obligations, payroll, interest payments, lease obligations, accounts payable
very few business are capitalized well enough to withstand a prolonged period without sales revenue
they will layoff employees and then close the operations down permanently , while you smugly state you are buying Canadian Fruits and vegetable in the summer and thus we should wait trump out

wake up
once these Canadian shops close, they are not going to open up and start exporting to the US 18 months from now




?? the rest of the world does not depend on the US for 70% of its exports



they did a deal with China


that has nothing to do with what Canada sells into the USA



oh my goodness, you think Canadians can not compete unless they are protected by government

There is no deal with China. There is no signed deal with Britain. There are no deals with any other nations since Liberation Day. The Japanese walked out. No other announcements from his Whitehouse ambushes. Just musing about 50% tariffs on Europe and 25% on Apple.

While he jetting around getting bribes from Arab Sheiks.

Things are not closing up, you are quite emotional about it. You are letting Trump get to you. I would even call it TDS at this point.

First you said 500,000 from a January proclamation when they had information. Now 325,000. But apparently you misread the information, and the final number of 139,000 is the total, not just an addition. And on top of that I keep stating my belief that likely in the fall after the G7, reconciliation bill, and 2nd quarter economic numbers have fallen, he will need good news, as well as pressure will have built up. Not three years.

I stated 18 months as the minimum time FOR A NEW DEAL. Which means the only way to get a FAST DEAL is to use the USMCA and build on it, just like they used NAFTA to build out a few tweaks and make USMCA. USMCA is up in 2026 anyway. So no big deal to touch on a few things, refine a few numbers, while the tariffs get paused or stay at 10% and Americans pay more. That is the likely end result on this.

Supply chain management on agricultural products is not going away. At best they raise up a few volume levels(which they don't hit anyway) and keep food safety requirements so the shitty stuff stays out. And Canadians will boycott USA goods for years anyway. We are going to see more in sales of local products for years to come as a result of this.

The Auto industry is not going to wholesale move operations. Trump has no industrial policy, no incentives built in to pay for moving. It's 7-10 years to get something up and running. They will slow down production(already was planned because of the economy BEFORE Trump) and wait. And lobby, and then get what they want. And btw, the USA doesn't make the machines, transformers and robots that run a modern factory. China does. So any now builds at this point WITH COST 30% MORE TO START UP.

That's the true underlying factor. The USA is no longer capable of making the industrial base to create new factories. It has to trade to even start that. So there is no business case, at those costs, with a large time window, to do it. As well China has no incentive to help them out, do they?

Get it now? The USA has fucked itself.

 

[JohnLarue]

There is no deal with China.

https://www.cbc.ca/news/world/us-china-tariffs-1.7532503

U.S. and China agree to slash most tariffs for 90 days

US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause

U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

apnews.com

US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause

There is no signed deal with Britain.

UK-US tariff deal: Cars, steel and beef - what you need to know

The two nations have announced a deal to reduce tariffs - here's what you need to know.

www.bbc.com

What is in the UK-US tariff deal?

Things are not closing up, you are quite emotional about it. .

they certainly will close up if we do not get those tariffs lifted

You are letting Trump get to you. I would even call it TDS at this point

hmm
you are one whose bias is affecting your judgement

you are ignoring reality if you think we can wait trump out

https://www.reuters.com/world/americas/carney-speak-media-about-canadas-response-tariffs-2025-03-27/

Trump tariffs: Canada's prime minister says nothing off the table in response to US duties

First you said 500,000 from a January proclamation when they had information. Now 325,000.

But apparently you misread the information, and the final number of 139,000 is the total, not just an addition.[/QUOTE]

that is just for Ontario and Doug Ford quoted 500,000 just for Ontario

‘It’s not going to be good’: Ford says Trump’s tariffs could cost Ontario 500,000 jobs

Premier Doug Ford says U.S. president-elect Donald Trump’s promised tariffs on Canadian goods could result in the loss of 500,000 jobs in Ontario, creating the need for billions of dollars in stimulus spending.

www.ctvnews.ca

‘It’s not going to be good’: Ford says Trump’s tariffs could cost Ontario 500,000 jobs

And on top of that I keep stating my belief that likely in the fall after the G7, reconciliation bill, and 2nd quarter economic numbers have fallen, he will need good news, as well as pressure will have built up. Not three years.

you are stunned
job losses will continue for years if we do not get this resolved very soon

I stated 18 months as the minimum time FOR A NEW DEAL.

yes you say a lot ,much of it is not well thought out

Which means the only way to get a FAST DEAL is to use the USMCA and build on it, just like they used NAFTA to build out a few tweaks and make USMCA. USMCA is up in 2026 anyway. So no big deal to touch on a few things, refine a few numbers, while the tariffs get paused or stay at 10% and Americans pay more. That is the likely end result on this.

you are not paying attention
trump applied Tariffs on Canada with a swipe of a pen, he can remove, lower them with swipe of a pen

Supply chain management on agricultural products is not going away.

wrong, this will be a sticking point for the US

At best they raise up a few volume levels(which they don't hit anyway) and keep food safety requirements so the shitty stuff stays out.

again you apply your bias and assume it will b policy
wrong
supply management is not free trade

And Canadians will boycott USA goods for years anyway. We are going to see more in sales of local products for years to come as a result of this.

yeah OK
until you need something sold by a US company
Are you going to reject a pace maker made in the USA é


again you are not paying attention
70% of our exports are to the US
we need to protect that

The Auto industry is not going to wholesale move operations.

you watch how many operations are moved over the next 4-5 years due to corporate tax rates and tariff policy

Get it now? The USA has fucked itself.

Canada is going to get screwed if we foolishly tr to wait trump out

 

[Butler1000]

https://www.cbc.ca/news/world/us-china-tariffs-1.7532503

US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause

U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

apnews.com

US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause

UK-US tariff deal: Cars, steel and beef - what you need to know

The two nations have announced a deal to reduce tariffs - here's what you need to know.

www.bbc.com

What is in the UK-US tariff deal?





they certainly will close up if we do not get those tariffs lifted



hmm
you are one whose bias is affecting your judgement

you are ignoring reality if you think we can wait trump out

https://www.reuters.com/world/americas/carney-speak-media-about-canadas-response-tariffs-2025-03-27/

Trump tariffs: Canada's prime minister says nothing off the table in response to US duties



But apparently you misread the information, and the final number of 139,000 is the total, not just an addition.

that is just for Ontario and Doug Ford quoted 500,000 just for Ontario

‘It’s not going to be good’: Ford says Trump’s tariffs could cost Ontario 500,000 jobs

Premier Doug Ford says U.S. president-elect Donald Trump’s promised tariffs on Canadian goods could result in the loss of 500,000 jobs in Ontario, creating the need for billions of dollars in stimulus spending.

www.ctvnews.ca

‘It’s not going to be good’: Ford says Trump’s tariffs could cost Ontario 500,000 jobs




you are stunned
job losses will continue for years if we do not get this resolved very soon




yes you say a lot ,much of it is not well thought out


you are not paying attention
trump applied Tariffs on Canada with a swipe of a pen, he can remove, lower them with swipe of a pen




wrong, this will be a sticking point for the US



again you apply your bias and assume it will b policy
wrong
supply management is not free trade



yeah OK
until you need something sold by a US company
Are you going to reject a pace maker made in the USA é


again you are not paying attention
70% of our exports are to the US
we need to protect that



you watch how many operations are moved over the next 4-5 years due to corporate tax rates and tariff policy





Canada is going to get screwed if we foolishly tr to wait trump out
[/QUOTE]

Like I said. No deal. Just a pause while they conduct negotiations

If it helps think of it as a ceasefire as opposed to a peace treaty.

Dude. Corporate tax rates will only make private equity worse. Blackrock, Statestreet and Vanguard will all demand companies not invest, not move, just do stock buybacks with the profit to raise the price of shares. That's the game. The CEO are fully on board.

Then they use insider trading Information to move on before the bottom drops out. That's wall st now.

They aren't going to move when they don't have the means to build either. And they don't. As I said China makes all the industrial things to be able to manufacture.

 

[JohnLarue]

Like I said. No deal. Just a pause while they conduct negotiations

odd how the news media call them deals

what do you not understand about a deal with reductions in economically crippling Tariffs that Canada does not have ?

If it helps think of it as a ceasefire as opposed to a peace treaty.

if it helps think about the job creating investments that will be diverted to the USA

Dude. Corporate tax rates will only make private equity worse. Blackrock, Statestreet and Vanguard will all demand companies not invest, not move, just do stock buybacks with the profit to raise the price of shares. That's the game. The CEO are fully on board.

there in lies your problem
your bias against private equity has clouded your judgement and led you to an irrelevant conclusion

the issue is what is the impact of tariffs and lowered corp tax rates on where companies chose to operate and that is independent of ownership structure
private equity likes lower taxation and zero tariffs just as much as publicly traded or family owned companies with operations in Canada

Then they use insider trading Information to move on before the bottom drops out. That's wall st now.

A completely separate issue from the decision of where to operate invest

do you honestly believe believe private equity firms will say no to investing in AI and advanced manufacturing ?

They aren't going to move when they don't have the means to build either. And they don't. As I said China makes all the industrial things to be able to manufacture.

China will have to open its markets if it wants to retain its manufacturing dominance

 

[Butler1000]

odd how the news media call them deals

what do you not understand about a deal with reductions in economically crippling Tariffs that Canada does not have ?



if it helps think about the job creating investments that will be diverted to the USA



there in lies your problem
your bias against private equity has clouded your judgement and led you to an irrelevant conclusion

the issue is what is the impact of tariffs and lowered corp tax rates on where companies chose to operate and that is independent of ownership structure
private equity likes lower taxation and zero tariffs just as much as publicly traded or family owned companies with operations in Canada



A completely separate issue from the decision of where to operate invest

do you honestly believe believe private equity firms will say no to investing in AI and advanced manufacturing ?


China will have to open its markets if it wants to retain its manufacturing dominance

We don't have crippling tariffs. They are at 10% on energy, with no loss of volume. Anything NOT USMCA compliant gets 25% but that means most products are clear. Many others are on hold.

Once again. They can't pivot on a dime. It takes 7 to ten years. And that is if they can import the machinery. And without any industrial policy to assist. And as you have stated, Trump can stop the tariffs anytime. So yes it makes business sense for US companies to wait it out. So they will. And lobby lawmakers.

Private equity is always looking for the quick buck, the fast sale, the quarterly rise. They don't think long term. They are slash and burn experts. So no, they won't give a fuck about a ten year plan with no guarantees it will even be needed.

Sure the WH calls it a deal, so the press reports the quote. But they aren't deals. They are holds while they deal. Cripes international trade deals don't happen like that.

China doesn't have to do shit. And notice they aren't. They made the USA chase them, just to agree to lower their own tariffs. You think that is a win? Just wait as these 30% China Tariffs take hold in the USA. Shoppers are already pissed about it. A friend of mine in Maryland last night was looking into an e bike(I have one and he loves the idea) and is angry at the arbitrary price increases he is seeing already.

This is a nation that hiked hotel rates AFTER 9/11. Do you really think patriotism going to lower prices now? That Multinationals will suddenly become altruistic. Private Equity charitable to poor consumers?
Walmart and Amazon are going to raise prices

Even homemade shit will hike prices to match. And then shit will really hit the fan.

 

[TauCeti]

Liberals lied about most things, nothing new here.

 

[JohnLarue]

We don't have crippling tariffs. .

bullshit 25% on aluminum and steel
China will impose a 100% tariff on canola oil, oil cakes and pea imports, and a 25% duty on Canadian aquatic products and pork.Mar 21, 2025

Posthaste: 'The fear is real,' says TD, predicting 100,000 jobs will be lost in looming recession

Most economists say the downturn has already begun

ca.finance.yahoo.com

Recession rumblings are growing louder with more economists forecasting that Canada is already in the early stages of such a downturn.

U.S. President Donald Trump’s tariff war has soured sentiment among businesses and households on both sides of the border, but in Canada the retreat has been even deeper than seen during the pandemic, said Beata Caranci, chief economist for Toronto Dominion Bank.

https://financialpost.com/tag/toronto-dominion-bank/

Once again. They can't pivot on a dime. It takes 7 to ten years.

bullshit
a decision where to shift production / where to make a new investment can be made in a 1 hour management meeting

And that is if they can import the machinery. And without any industrial policy to assist. And as you have stated, Trump can stop the tariffs anytime. So yes it makes business sense for US companies to wait it out. So they will. And lobby lawmakers.

no they will not

TRUMP EFFECT: A Running List of New U.S. Investment in President Trump’s Second Term

Since President Donald J. Trump took office, his unwavering commitment to revitalizing American industry has spurred trillions of dollars of investments

www.whitehouse.gov

Here is a non-comprehensive running list of new U.S.-based investments in President Trump’s second term:

• Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
• Apple announced a $500 billion investment in U.S. manufacturing and training.
• NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
• IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
• Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
• Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
• Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.
• Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations.
• Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
• United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
• Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
• Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plantin Louisiana, which will create nearly 1,500 jobs.
  • Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker.
• United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
• France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
• Sanofi announced it will invest at least $20 billion over the next five years in manufacturing and research and development.
• Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana.
• Gilead Sciences announced an $11 billion boost to its planned U.S.-based manufacturing investment.
• AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network.
• Pratt Industries announced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona.
• GlobalWafers, a Taiwanese silicon wafer manufacturer, announced a $4 billion investment in its U.S.-based production.
• Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
• Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
• Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
• Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant.
• In addition to its overall investments, Amazon announced it is investing $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country.
• Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
• Kraft Heinz announced a $3 billion investment to upgrade its U.S. factories — its largest investment in its plants in decades.
• NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
• Kimberly-Clark announced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network.
• Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations.
  • $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs.
  • $500 million to expand its Idaho manufacturing plant.
• Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
• Carrier announced an additional $1 billion investment in its U.S. manufacturing, innovation, and workforce expansion, which is expected to create 4,000 new jobs.
• GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
• Anduril Industries announced a $1 billion investment for a new autonomous weapon system facility in Ohio.
• Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
• Merck Animal Health announced an $895 million investment to expand their manufacturing operations in Kansas.
• Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
• GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
• Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
• AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
• London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
• Lego announced a $366 million investment to build a new distribution center in Prince George County, Virginia.
• The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
• Dublin-base

meanwhile

AI Overview

Learn more

Canada is losing new investments due to a combination of factors, including a heavy regulatory burden, a lack of predictability in policy, and a perception of uncompetitive tax policies. Businesses also cite high equipment costs, high costs of doing business, and cash flow constraints as deterring investment. Furthermore, Canada's lagging R&D investment and a perceived lack of a skilled workforce contribute to the issue.

AI Overview

Learn more

The U.S. continues to attract significant foreign investment due to its robust economy, strong financial markets, and stable political and legal system. Factors like a highly skilled workforce, a large consumer market, and incentives for specific industries also play a role. Additionally, the U.S. offers access to global markets and a strong entrepreneurial ecosystem

private equity is a completely separate issue

Private equity is always looking for the quick buck, the fast sale, the quarterly rise. They don't think long term. They are slash and burn experts. So no, they won't give a fuck about a ten year plan with no guarantees it will even be needed.

irrelevant to the discussion about tariffs and corp tax rates

Sure the WH calls it a deal, so the press reports the quote. But they aren't deals. They are holds while they deal. Cripes international trade deals don't happen like that.

see above list

China doesn't have to do shit. And notice they aren't. They made the USA chase them, just to agree to lower their own tariffs. You think that is a win? Just wait as these 30% China Tariffs take hold in the USA. Shoppers are already pissed about it. A friend of mine in Maryland last night was looking into an e bike(I have one and he loves the idea) and is angry at the arbitrary price increases he is seeing already.

This is a nation that hiked hotel rates AFTER 9/11. Do you really think patriotism going to lower prices now? That Multinationals will suddenly become altruistic. Private Equity charitable to poor consumers?
Walmart and Amazon are going to raise prices

Even homemade shit will hike prices to match. And then shit will really hit the fan.

you do not have a clue

 

[nottyboi]

OMG is this conservative circle jerk in the echo chamber still ongoing? The math disproved this nonsense and you guys are still blathering away . The tax was AXED so move on.

 

[Butler1000]

bullshit 25% on aluminum and steel
China will impose a 100% tariff on canola oil, oil cakes and pea imports, and a 25% duty on Canadian aquatic products and pork.Mar 21, 2025

Posthaste: 'The fear is real,' says TD, predicting 100,000 jobs will be lost in looming recession

Most economists say the downturn has already begun

ca.finance.yahoo.com

https://financialpost.com/tag/toronto-dominion-bank/



bullshit
a decision where to shift production / where to make a new investment can be made in a 1 hour management meeting



no they will not

TRUMP EFFECT: A Running List of New U.S. Investment in President Trump’s Second Term

Since President Donald J. Trump took office, his unwavering commitment to revitalizing American industry has spurred trillions of dollars of investments

www.whitehouse.gov

Here is a non-comprehensive running list of new U.S.-based investments in President Trump’s second term:

• Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
• Apple announced a $500 billion investment in U.S. manufacturing and training.
• NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
• IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
• Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
• Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
• Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.
• Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations.
• Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
• United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
• Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
• Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plantin Louisiana, which will create nearly 1,500 jobs.
  • Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker.
• United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
• France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
• Sanofi announced it will invest at least $20 billion over the next five years in manufacturing and research and development.
• Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana.
• Gilead Sciences announced an $11 billion boost to its planned U.S.-based manufacturing investment.
• AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network.
• Pratt Industries announced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona.
• GlobalWafers, a Taiwanese silicon wafer manufacturer, announced a $4 billion investment in its U.S.-based production.
• Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
• Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
• Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
• Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant.
• In addition to its overall investments, Amazon announced it is investing $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country.
• Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
• Kraft Heinz announced a $3 billion investment to upgrade its U.S. factories — its largest investment in its plants in decades.
• NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
• Kimberly-Clark announced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network.
• Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations.
  • $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs.
  • $500 million to expand its Idaho manufacturing plant.
• Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
• Carrier announced an additional $1 billion investment in its U.S. manufacturing, innovation, and workforce expansion, which is expected to create 4,000 new jobs.
• GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
• Anduril Industries announced a $1 billion investment for a new autonomous weapon system facility in Ohio.
• Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
• Merck Animal Health announced an $895 million investment to expand their manufacturing operations in Kansas.
• Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
• GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
• Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
• AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
• London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
• Lego announced a $366 million investment to build a new distribution center in Prince George County, Virginia.
• The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
• Dublin-base

meanwhile






private equity is a completely separate issue


irrelevant to the discussion about tariffs and corp tax rates



see above list




you do not have a clue

List of companies laying off employees in May

Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs.

www.newsweek.com

Top Companies that Announced Major Layoffs & Hiring Freezes-2024-25

Intellizence has curated a list of major companies that have announced mass layoffs, job cuts, downsizing, hiring freezes, and furloughs. Subscribe to Intellizence.

intellizence.com

What you fail to realize is these announcements are to appease Trump. There are no shovels in the ground, no new office space being rented, no land bought for facilities. Just a dude standing at a podium.

Above are real job cuts for almost 1300 companies this year so far. And more to follow.

And yes, it's takes an hour to make a decision to pivot. But only after a couple of years of actual study. Of information gathering, weighing pros and cons, and consulting major shareholders who will do the same.

You really are falling for it. It's amazing. CEO's are snowing Trump to appease him. When it comes to actual real shit, those positive announcements have little to do with tariffs. They have to do with pumping stock prices, trying to get govt approvals, pure community PR. In reality companies are cutting back, due to a lack of consumer confidence, and business climate uncertainty. It's a simple fact that Trump's erratic policy is causing a real freeze on longer term business choices because when you don’t know the rules, and don't know if it will change, you don't make major decisions that could cost your business.

But go ahead, panic. Real people with real knowledge who are actually in charge are doing the right thing.

Assessing the impact of escalating trade tensions | BlackRock

We are sharing our insights on escalating trade tensions, policy uncertainty, market volatility and our evolving investment views – all in one place. Learn more.

www.blackrock.com

Actual Blackrock assessment.

U.S. corporate earnings growth is on the road to zero

We already knew the U.S. economy would slow down—then came the regime uncertainty spawned by Trump’s policies.

fortune.com

Fortune Magazine outlook

And judging from things, they are giving a rosier, conservative estimate of how bad it will get once the real estate market goes, student loan protections end(they are already garnishing wages now), credit card debt escalates, inflation due to tariffs actually hits as pre bought inventory dwindled, and govt policy does nothing to alleviate it.

In fact they are trying to cut Medicaid now.

That's the on the ground reality, not corporate shills carrying favor.

 

[Skoob]

I think PP's demeanor was a deciding factor. And yes, a new leader does mean things. Canadian politics has always had a strong executive type govt. That is the Westminster system. And Trump, trust me, doesn't know who the fuck either one really is. Cripes he hasn't even staffed his own govt yet. He says things all the time and then forgets what he said and either praises or denigrate on a whim.

Quite simply Trump didn't care WHO WON. He only cared that the perception was HE AFFECTED who won. That's is his narcissism. He wants attention, and perceived as well as real power. If PP had won, he would have said it was his conservative/populist movement that was the real reason. And claimed credit.

And I agree, as I said, with removing the tariffs. The grassroots boycott is sending a far greater message, it will only hurt low income consumers, and they serve no purpose. And as long as negotiations continue will have a net zero affect on our economy.

They are a tax. We don't need more of those, do we?

Poilievre has had the same demeanor for years and he surged in the polls regardless. It wasn't until the Liberal fear mongering started that the tide started to change. And it started to change because Carney's entire campaign message was that he would "stand up to Trump".
He imposed retaliatory tariffs.
He won the election.
He had a private meeting with Trump in Washington.
He removed the tariffs.

What happened there?

 

[Skoob]

So a non response when asked for specifics.
You just make stuff up as you go along.

Is this the part where you are cornered and want me to dig up your very own posts (which you probably edited since)?
And then when I show them to you, you will deny everything and change the subject?

You openly admitted to editing posts...no one trusts you as a result.

As a reminder, you didn't know there was more than one meaning of the word "initiate". I provided proof there was. No you forget the whole thing?

That's desperate & sad.

 

[Skoob]

And you prove my point. If Trump can at any time break a deal then we are better off putting a process in place for longer term WHEN HE IS GONE.

Like promising to build pipelines to become more self-sufficient despite being against pipelines for a decade? Then win the election...then start talking about not building them?

Do you not see this for yourself?

 

[Shaquille Oatmeal]

Is this the part where you are cornered and want me to dig up your very own posts (which you probably edited since)?

No, this is the part where you are asked to explain what you are going on about with the word "initiate" and directly quote the relevant posts to back up your claims, but you resort to non-responses and mental gymnastics.

 

[JohnLarue]

What you fail to realize is these announcements are to appease Trump. There are no shovels in the ground, no new office space being rented, no land bought for facilities. Just a dude standing at a podium.

what is wrong with you ?

are you truly claiming trillions of dollars in investments by scores of different companies is just one big PR stunt aiming to fool John Larue?

Company	Investment	Sector	Investment Focus
UAE (Foreign Investment)	$1.4 Trillion	Manufacturing & Industry	Technology, aerospace and energy
Qatar (Foreign Investment)	$1.2 Trillion	Manufacturing & Industry	Technology and manufacturing
Saudi Arabia (Foreign Investment)	$600 Billion	Manufacturing & Industry	Technology and manufacturing
Softbank, OpenAI, and Oracle	$500 Billion	Technology & AI	AI infrastructure (Project Stargate)
NVIDIA	$500 Billion	Technology & AI	AI infrastructure and supercomputers
Apple	$500 Billion	Technology & AI	Manufacturing and training
IBM	$150 Billion	Technology & AI	Growth and manufacturing operations
TSMC	$100 Billion	Manufacturing & Industry	Semiconductor fabrication facility in Phoenix, Arizona
Johnson & Johnson	$55 Billion	Pharmaceuticals & Biotech	Manufacturing, R&D, and technology
Genentech (Roche)	$50 Billion	Pharmaceuticals & Biotech	Manufacturing and R&D
Bristol Myers Squibb	$40 Billion	Pharmaceuticals & Biotech	Manufacturing, R&D, and technology
Eli Lilly and Company	$27 Billion	Pharmaceuticals & Biotech	Manufacturing capacity expansion
ADQ and Energy Capital Partners	$25 Billion	Energy & Environment	Data centers and energy infrastructure
Novartis	$23 Billion	Pharmaceuticals & Biotech	Manufacturing facility expansion
Hyundai	$21 Billion	Manufacturing & Industry	Steel plant and other investments
DAMAC Properties	$20 Billion	Real Estate Development	Data center expansion
CMA CGM	$20 Billion	Transportation & Logistics	Shipping and logistics
VentureGlobal	$18 Billion	Energy & Environment	Expansion of transportation equipment
Gilead Sciences	$11 Billion	Pharmaceuticals & Biotech	Manufacturing and research technology
AbbVie	$10 Billion	Pharmaceuticals & Biotech	U.S. manufacturing expansion
Merck	$9 Billion	Pharmaceuticals & Biotech	U.S. manufacturing
Clarios	$6 Billion	Energy & Environment	Manufacturing expansion and innovation acceleration
Pratt Industries	$5 Billion	Manufacturing & Industry	Manufacturing expansion
Stellantis	$5 Billion	Manufacturing & Industry	Manufacturing network
Amazon	$4 Billion	Ecommerce & Cloud Computing	AI expansion in cloud division
Regeneron Pharmaceuticals	$3 Billion	Pharmaceuticals & Biotech	Drug production facility
Boeing	$3 Billion	Manufacturing & Industry	Advanced aerospace manufacturing facilities
Kraft Heinz	$3 Billion	Food & Beverage	Upgrade manufacturing facilities
NorthMark Strategies	$2.8 Billion	Technology & AI	Supercomputing facility
Kimberly-Clark	$2 Billion	Pharmaceuticals & Biotech	Advanced manufacturing and distribution facilities
Thermo Fisher Scientific	$2 Billion	Pharmaceuticals & Biotech	Manufacturing operations and innovation
Chobani	$1.7 Billion	Manufacturing & Industry	Dairy processing plant in New York
Corning, Inc.	$1.5 Billion	Manufacturing & Industry	Solar component plant in Michigan
LF Energy	$1.4 Billion	Energy & Environment	Stationary storage cell manufacturing
Honda	$1 Billion	Manufacturing & Industry	Manufacturing operations
Anduril	$1 Billion	Defense	Modern warfare
GE Aerospace	$1 Billion	Manufacturing & Industry	Manufacturing across 16 states
Amgen	$900 Million	Pharmaceuticals & Biotech	Manufacturing operations
Schneider Electric	$700 Million	Energy & Environment	Energy infrastructure
GE Vernova	$600 Million	Technology & AI	Manufacturing
AIP Management	$500 Million	Technology & AI	Solar developer investment
Abbott Labs	$500 Million	Pharmaceuticals & Biotech	Manufacturing expansion in Illinois and Texas
Diageo	$415 Million	Food & Beverage	Manufacturing in Alabama
The Bel Group	$350 Million	Food & Beverage	Production facilities in SD, Idaho, & Wisconsin
Eaton Corporation	$340 Million	Manufacturing & Industry	Transformers facility in South Carolina
Anheuser-Busch	$300 Million	Food & Beverage	Manufacturing operations
Siemens	$285 Million	Technology & AI	AI data centers and manufacturing
Clasen Quality Chocolate	$230 Million	Manufacturing & Industry	Production facility in Virginia
Fiserv	$175 Million	Technology & AI	Strategic fintech hub
Paris Baguette	$160 Million	Food & Beverage	Manufacturing plant in Texas
Siemens Healthineers	$150 Million	Pharmaceuticals & Biotech	New manufacturing facilities for R&D
TS Conductor	$134 Million	Manufacturing & Industry	Advanced conductor manufacturing in South Carolina
ABB	$120 Million	Manufacturing & Industry	Low-voltage product expansion in Tennessee and Mississippi
Saica Group	$110 Million	Manufacturing & Industry	Packaging manufacturing in Indiana
Charms, LLC	$97.7 Million	Manufacturing & Industry	Expansion in Tennessee
Toyota Motor Corporation	$88 Million	Transportation & Logistics	Hybrid production in West Virginia
Sygene International	$36.5 Million	Pharmaceuticals & Biotech	Biologics facility in Baltimore
Asahi Group Holdings	$35 Million	Food & Beverage	Production boost in Wisconsin
Hitachi Energy	$22.5 Million	Energy & Environment	Transformer Production in Virginia
Cyclic Materials	$20 Million	Energy & Environment	Rare earth elements recycling in Arizona
Guardian Bikes	$19 Million	Manufacturing & Industry	Bike frame manufacturing in Indiana
LGM Pharma	$6 Million	Pharmaceuticals & Biotech	Manufacturing facility expansion in Texas

and who is investing in Canada without a federal govt subsidy ?
No one
meanwhile

AI Overview

Learn more

Canada is losing new investments due to a combination of factors, including a heavy regulatory burden, a lack of predictability in policy, and a perception of uncompetitive tax policies. Businesses also cite high equipment costs, high costs of doing business, and cash flow constraints as deterring investment. Furthermore, Canada's lagging R&D investment and a perceived lack of a skilled workforce contribute to the issue.

AI Overview

Learn more

The U.S. continues to attract significant foreign investment due to its robust economy, strong financial markets, and stable political and legal system. Factors like a highly skilled workforce, a large consumer market, and incentives for specific industries also play a role. Additionally, the U.S. offers access to global markets and a strong entrepreneurial ecosystem

And yes, it's takes an hour to make a decision to pivot. But only after a couple of years of actual study. Of information gathering, weighing pros and cons, and consulting major shareholders who will do the same.

bullshit
corporations are a lot more dynamic than that
their studies will have included several scenarios / locations for expansion including reshoring manufacturing
its not like Trumps desire to reshore has been a hidden secret for the past 3 yars

any CEO that misses an opportunity because he needs to study it for 2 years is soon to be come an ex -CEO

You really are falling for it. It's amazing. CEO's are snowing Trump to appease him. When it comes to actual real shit, those positive announcements have little to do with tariffs. They have to do with pumping stock prices, trying to get govt approvals, pure community PR. In reality companies are cutting back, due to a lack of consumer confidence, and business climate uncertainty. It's a simple fact that Trump's erratic policy is causing a real freeze on longer term business choices because when you don’t know the rules, and don't know if it will change, you don't make major decisions that could cost your business.

But go ahead, panic. Real people with real knowledge who are actually in charge are doing the right thing.

So was the entire liberal / carney election platform all a big lie ?
no reason to be alarmed folks Mark Carney is he man to ....... wait and he is the only logical choice to ... wait

we need to get the tariffs lifted and soon

 

[Butler1000]

Poilievre has had the same demeanor for years and he surged in the polls regardless. It wasn't until the Liberal fear mongering started that the tide started to change. And it started to change because Carney's entire campaign message was that he would "stand up to Trump".
He imposed retaliatory tariffs.
He won the election.
He had a private meeting with Trump in Washington.
He removed the tariffs.

What happened there?

PP surged not due to himself, but due directly to dislike of Trudeau. That is fact proven by polling after he resigned. PP himself polled ten percent LOWER for preferred choice as PM. That is where the swing vote from the Bloc and NDP voters came into play. Carney was preferred as PM. This is just objective reality. And PP losing his own seat also proves this.

As for standing up to Trump, I think he is making better choices. Right now Canadians are doing a far worse thing by outright boycotting both products and travel. To the point we just had 5 US Senators show up and next month 6 State Governors delegations are coming up to try to shore things up. They are getting hit hard now.

Tariffs are a sales tax. It's that simple. You are asking Canadians to pay increased taxes when you ask for tariffs. But there is no need. On consumer goods Canadians are hurting them at the grassroots. In manufacturing we would only hurt small businesses trying to get components that we are in no position to replace at this time, either driving up prices of lowering local demand, causing layoffs.

It's a calculated move to watch the USA implode. Which is starting to happen. But a Tariff will literally do nothing at this point. Except drive up costs for Canadians. So I agree with this.

Now if you want to discuss adding surcharges on to essential exports they can't replace, or have to buy, like oil, electricity, potash and the like, as a trade weapon, I'm all for it. 10% would do nicely imo. And it's the Americans that would have to pay it.