Business
Canada: It’s Time to Stop Holding Ourselves Back – Lynn Exner

From Energy Now
By Lynn Exner
For decades, Canada’s provinces have behaved like crabs in a bucket—pulling each other down instead of lifting each other up. Instead of working together to build a stronger economy, we’ve allowed outdated trade barriers, regulatory red tape, and political infighting to stifle our own potential.
In my work advocating for Canadian resource development, I see it all the time. Canada has everything the world needs—energy, minerals, lumber, food, and more. But instead of ensuring our own domestic economy is strong and efficient, we’ve made it harder for businesses to grow, both within our borders and beyond them. Instead of celebrating and capitalizing on each other’s strengths, we have spent too much time competing internally, blocking opportunities, and making it difficult to trade internationally and within our own country.
That might have been tolerated in the past, when global trade was predictable and our largest trading partners were reliable. But the world has changed. Tariffs are being weaponized, supply chains are shifting, and countries everywhere are prioritizing their own industries.
If Canada wants to remain competitive, we need to start acting like a country—one with an internal economy that functions as smoothly as our external trade agreements.
The good news is that momentum is finally building to address this issue. Canada’s leaders are talking about dismantling interprovincial trade barriers—something that should have happened long ago. The challenge now is to make sure that this talk turns into action. It has been suggested it could take as little as 30 days. We can’t afford another decade of stalled negotiations, watered-down agreements, and excuses for inaction. It’s time to demand real change and hold our leaders accountable to follow through.
Every region of Canada produces something the rest of the country and the world need. Alberta’s oil and gas, Saskatchewan’s potash, Ontario’s manufacturing, Quebec’s hydroelectric power, British Columbia’s ports, and Atlantic Canada’s fisheries—these industries are the backbone of our economy. They should be supported, expanded, and celebrated. Instead, businesses and workers trying to move goods, services, and expertise across provincial lines face obstacles that weaken our ability to compete globally.
One of the most common-sense solutions is a National Energy and Resource Corridor—a dedicated infrastructure network that allows for the efficient transport of energy, minerals, and other critical resources across the country. Instead of every project facing jurisdictional battles and costly delays, a coordinated, pre-approved corridor would streamline trade and investment, ensuring that Canadian products reach both domestic and international markets without unnecessary obstacles. It would also provide a foundation for future development—whether in oil and gas, renewable energy, or critical minerals—giving businesses and investors the certainty they need to support long-term growth.
We see the need for this in our supply chains, where businesses deal with costly delays just trying to move products between provinces. We see it in our labour markets, where skilled workers face unnecessary barriers to working in other regions of the country. And we see it in national infrastructure projects that could benefit all Canadians but get tangled in red tape.

These inefficiencies cost our economy billions of dollars every year—money that should be driving investment, innovation, and job creation instead of being lost to unnecessary restrictions.
In normal times, this would be frustrating. In today’s economic and geopolitical climate, it’s reckless. The global marketplace is shifting, and Canada must be ready to meet the challenge. Instead of being held back by internal divisions, we need to work together to make Canada a stronger, more self-sufficient, and more competitive trading nation.
We’ve proven that cooperation is possible when it’s absolutely necessary. Now, we need to treat it as a permanent priority, not just a temporary fix during a crisis. This is not just about economic efficiency—it’s about Canada’s ability to stand strong in a changing world.
There is no reason why a Canadian business should have to navigate different rules and restrictions just to expand into another province. There is no reason why a worker should have to requalify to do the same job in a different part of the country. And there is certainly no reason why major projects that create jobs and economic growth should be stalled for years over jurisdictional disputes.
A crisis like this is a terrible thing to waste. The global economy is shifting, and Canada has a choice. We can cling to outdated provincial protectionism and regulatory inefficiencies, or we can remove these barriers and finally build a true national economy. We can keep acting like crabs in a bucket, pulling each other down, or we can recognize that our strength lies in working together. Instead of standing in each other’s way, we should be celebrating each other’s strengths and ensuring that every region of the country can contribute fully to our shared prosperity.
Canada has faced major challenges before, and we’ve always been at our best when we face them as a united country. Now, more than ever, we need to tap into that spirit—not just to fix today’s problems, but to prepare for whatever surprises the future holds. The time for provincial rivalries, excessive regulation, and economic inefficiency is over.
It’s time to break free from the bucket and move forward as a stronger, more competitive, and more resilient Canada.
Lynn Exner is a spokesperson for Canada Action, a volunteer-initiated grassroots group dedicated to promoting natural resource development and economic growth in Canada.
Banks
Bank of Canada Slashes Interest Rates as Trade War Wreaks Havoc

With businesses cutting jobs, inflation rising, and consumer confidence collapsing, the BoC scrambles to contain the damage
The Bank of Canada just cut interest rates again, this time by 25 basis points, bringing the rate down to 2.75%. On the surface, that might sound like good news—lower rates usually mean cheaper borrowing, easier access to credit, and in theory, more money flowing into the economy. But let’s be clear about what’s actually happening here. The Canadian economy isn’t growing because of strong fundamentals or responsible fiscal policy. The Bank of Canada is slashing rates because the Trudeau—sorry, Carney—government has utterly mismanaged this country’s economic future. And now, with the U.S. slapping tariffs on Canadian goods and our government responding with knee-jerk retaliatory tariffs, the central bank is in full-blown damage control.
Governor Tiff Macklem didn’t mince words at his press conference. “The Canadian economy ended 2024 in good shape,” he insisted, before immediately admitting that “pervasive uncertainty created by continuously changing U.S. tariff threats have shaken business and consumer confidence.” In other words, the economy was doing fine—until reality set in. And that reality is simple: a trade war with our largest trading partner is economic suicide, yet the Canadian government has charged headlong into one.
Macklem tried to explain the Bank’s thinking. He pointed out that while inflation has remained close to the BoC’s 2% target, it’s expected to rise to 2.5% in March thanks to the expiry of a temporary GST holiday. That’s right—Canadians are about to get slammed with higher prices on top of already sky-high costs for groceries, gas, and basic necessities. But that’s not even the worst part. Macklem admitted that while inflation will go up, consumer spending and business investment are both set to drop as a result of this economic uncertainty. Businesses are pulling back on hiring. They’re delaying investment. They’re scared. And rightly so.
A BoC survey released alongside the rate decision shows that 40% of businesses plan to cut back on hiring, particularly in manufacturing, mining, and oil and gas—precisely the industries that were already hammered by Ottawa’s obsession with green energy and ESG policies. As Macklem put it, “Canadians are more worried about their job security and financial health as a result of trade tensions, and they intend to spend more cautiously.” In other words, this is self-inflicted. The government could have pursued a different approach. It could have worked with the U.S. to de-escalate trade tensions. Instead, Mark Carney—an unelected, Davos-approved globalist—is running the show, doubling down on tariffs that will raise prices for Canadians while doing absolutely nothing to change U.S. policy.
The worst part is that the Bank of Canada is completely cornered. It can’t provide forward guidance on future rate decisions because, as Macklem admitted, it has no idea what’s going to happen next. “We are focused on assessing the upward pressure on inflation from tariffs and a weaker dollar, and the downward pressure from weaker domestic demand,” he said. That’s central banker-speak for: We’re guessing, and we hope we don’t screw this up. And if inflation does spiral out of control, the BoC could be forced to raise rates instead of cutting them.
At the heart of this mess is a government that has spent years inflating the size of the state while crushing private sector growth. Macklem admitted that consumer and business confidence has been “sharply affected” by recent developments. That’s putting it mildly. The Canadian dollar has dropped nearly 5% since January, making everything imported from the U.S. more expensive. Meanwhile, Ottawa has responded to U.S. tariffs with a tit-for-tat strategy, placing nearly $30 billion in retaliatory tariffs on American goods. The BoC is now forced to clean up the wreckage, but it’s like trying to put out a fire with a garden hose.
And what about unemployment? Macklem dodged giving a direct forecast, but he didn’t exactly sound optimistic. “We expect the first quarter to be weaker,” he said. “If household demand, if business investment remains restrained in the second quarter, and you’ll likely see weakness in exports, you could see an even weaker second quarter.” That’s code for job losses. It’s already happening. The hiring freezes, the canceled investments—those translate into real layoffs, real pay cuts, real suffering for Canadian families.
Meanwhile, inflation expectations are rising. And once those expectations set in, they become nearly impossible to undo. Macklem was careful in his wording, but the meaning was clear: “Some prices are going to go up. We can’t change that. What we particularly don’t want to see is that first round of price increases have knock-on effects, causing other prices to go up… becoming generalized and ongoing inflation.” Translation: We know this is going to hurt Canadians, we just hope it doesn’t spiral out of control.
If this sounds familiar, that’s because it is. The same policymakers who told you that inflation was “transitory” in 2021 and then jacked up rates at record speed are now telling you that trade war-driven inflation will be “temporary.” But remember this: the BoC is only reacting to the mess created by politicians. The real blame lies with the people in charge. And now, that’s Mark Carney.
Macklem refused to comment on Carney’s role as prime minister, insisting that the BoC remains “independent” from politics. That’s cute. But the damage is already done. Ottawa picked a fight with the U.S. and now the BoC is left trying to prevent a full-scale economic downturn. The problem is, monetary policy can’t fix bad leadership. Canadians are the ones who will pay the price.
Business
USAID reportedly burning, shredding classified documents

From The Center Square
By Casey Harper
The U.S. Agency for International Development is facing criticism after news broke that federal employees were reportedly told to burn or shred classified documents.
USAID has been the center of controversy since President Donald Trump took office, and billionaire Elon Musk directed the Department of Government Efficiency to expose a slew of spending items widely mocked and criticized, from transgender operas to propaganda overseas and more.
A senior USAID official reportedly sent a memo to employees directing them to destroy the documents, raising questions about legality and transparency at the embattled agency.
“Shred as many documents first, and reserve the burn bags for when the shredder becomes unavailable or needs a break,” reads the email obtained by Politico.
Hans von Spakovsky, a legal expert at the conservative Heritage Foundation, wrote on X that “these employees are committing felonies under 18 USC 1519 in destroying Gov documents,” arguing that they “should all be criminally prosecuted especially acting director of USAID.”
Secretary of State Marco Rubio announced last week that 83% of of USAID contracts were terminated, though a federal judge has limited the federal government’s ability to stop paying out at least some contracts. Where this lands legally remains unclear as it works its way through the courts.
“In consultation with Congress, we intend for the remaining 18% of programs we are keeping (approximately 1000) to now be administered more effectively under the State Department,” Rubio said.
Casey Harper
D.C. Bureau Reporter
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