Business
The gun ban and buyback still isn’t worth it for taxpayers

From the Canadian Taxpayers Federation
Even worse than the cost is the simple fact that the policy isn’t making Canadians safer. Trudeau banned the initial list of 1,500 guns in 2020, meaning that it’s illegal to buy, sell or use them. In every year since, violent gun crime in Canada has increased.
Right from the beginning, experts have told the prime minister that his gun ban and buyback will divert resources away from fighting crime rather than making Canada safer.
Instead of changing course, the Trudeau government announced it’s diverting even more taxpayers’ money to its failing gun policy policy.
And it’s an expensive diversion.
The federal government recently announced an additional 324 models of firearms are now prohibited and being added to the buyback list. That brings the total makes and models banned to almost 2,500.
Even though Ottawa hasn’t confiscated a single gun yet, costs have already begun to pile up for taxpayers. Since 2020, when the ban was first announced, the government has spent $67 million on the program. By the end of the fiscal year the government is likely to increase that number to about $100 million, according to government documents.
The projected costs of this scheme have been a problem from the start. In 2019, the government said the buyback would cost taxpayers $200 million. But according to the Parliamentary Budget Officer, buying back the guns could cost up to $756 million, not including administrative costs. Other government documents show that the buyback is now likely to cost almost $2 billion.
Those costs do not include the newly banned firearms. And it looks like the government has plans to expand the list even further. That means even more costs to taxpayers.
Minister of Public Safety Dominic Leblanc, who is charge in charge of the gun ban, hinted during the press conference the popular SKS rifle might be added to the ban list next. There are estimated to be a million of those firearms in Canada.
That means the costs to taxpayers could soar and even more people could lose their guns. The PBO report estimates that there were about 518,000 firearms banned on the original list. Adding the SKS could more than double the projected $756 million it would cost to confiscate the guns.
The government tried to ban the SKS before. It was included in an amendment to Bill C-21 that would have seen it banned along with a lot of hunting rifles. The Assembly of First Nations immediately passed an emergency resolution opposing this amendment at the time.
“It’s a tool,” said Kitigan Zibi Chief Dylan Whiteduck about the list of rifles that would have been banned. “It’s not a weapon.”
The government backed down on that amendment. There is no doubt it would encounter similar resistance from Indigenous hunters if Ottawa reimposed it.
Even worse than the cost is the simple fact that the policy isn’t making Canadians safer. Trudeau banned the initial list of 1,500 guns in 2020, meaning that it’s illegal to buy, sell or use them. In every year since, violent gun crime in Canada has increased.
And international examples confirm the pattern. New Zealand conducted a similar, but more extensive, gun ban and buyback in 2019. New Zealand had 1,216 violent firearm offenses in 2023. That’s 349 more offences than the year before the buyback.
All of this only confirms what experts have said from the beginning: This cost a lot of money, but won’t make Canada safer.
The union that represents the RCMP says the buyback “diverts extremely important personnel, resources, and funding away from addressing the more immediate and growing threat of criminal use of illegal firearms.”
“The gun ban is not working,” said the president of the Toronto Police Association. “We should focus on criminals.”
Academics who study the subject also agree.
“Buyback programs are largely ineffective at reducing gun violence, in large part because the people who participate in such programs are not likely to use those guns to commit violence,” said University of Toronto professor Jooyoung Lee.
Everyone but the prime minister can see the obvious. The costs for this program keep ballooning and taxpayers have every reason to worry the tab is only getting bigger. Yet our streets aren’t safer. Trudeau must scrap this ineffective and expensive gun buyback.
Business
‘Time To Make The Patient Better’: JD Vance Says ‘Big Transition’ Coming To American Economic Policy

JD Vance on “Rob Schmitt Tonight” discussing tariff results
From the Daily Caller News Foundation
By Hailey Gomez
Vice President JD Vance said Thursday on Newsmax that he believes Americans will “reap the benefits” of the economy as the Trump administration makes a “big transition” on tariffs.
The Dow Jones Industrial Average dropped 1,679.39 points on Thursday, just a day after President Donald Trump announced reciprocal tariffs against nations charging imports from the U.S. On “Rob Schmitt Tonight,” Schmitt asked Vance about the stock market hit, asking how the White House felt about the “Liberation Day” move.
“We’re feeling good. Look, I frankly thought in some ways it could be worse in the markets, because this is a big transition. You saw what the President said earlier today. It’s like a patient who was very sick,” Vance said. “We did the operation, and now it’s time to make the patient better. That’s exactly what we’re doing. We have to remember that for 40 years, we’ve been doing this for 40 years.”
“American economic policy has rewarded people who ship jobs overseas. It’s taxed our workers. It’s made our supply chains more brittle, and it’s made our country less prosperous, less free and less secure,” Vance added.
Vance recalled that one of his children had been sick and needed antibiotics that were not made in the United States. The Vice President called it a “ridiculous thing” that some medicines invented in the country are no longer manufactured domestically.
“That’s fundamentally what this is about. The national security of manufacturing and making the things that we need, from steel to pharmaceuticals, antibiotics, and so forth, but also the good jobs that come along when you have economic policies that reward investing in America, rather than investing in foreign countries,” Vance said.
WATCH:
With a baseline 10% tariff placed on an estimated 60 countries, higher tariffs were applied to nations like China and Israel. For example, China, which has a 67% tariff on U.S. goods, will now face a 34% tariff from the U.S., while Israel, which has a 33% tariff, will face a 17% U.S. tariff.
“One bad day in the stock market, compared to what President Trump said earlier today, and I think he’s right about this. We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America. More importantly than that, of course, the people in Wall Street have done well,” Vance said.
“We want them to do well. But we care the most about American workers and about American small businesses, and they’re the ones who are really going to benefit from these policies,” Vance said.
The number of factories in the U.S., Vance said, has declined, adding that “millions of workers” have lost their jobs.
“My town [Middletown, Ohio], where you had 10,000 great American steel workers, and my town was one of the lucky ones, now probably has 1,500 steel workers in that factory because you had economic policies that rewarded shipping our jobs to China instead of investing in American workers,” Vance said. “President Trump ran on changing it. He promised he would change it, and now he has. I think Americans are going to reap the benefits.”
Business
Trump’s ‘Liberation Day’ – Good News for Canadian Energy and Great News for WCSB Natural Gas

By Maureen McCall
April 2 was ‘Liberation Day’ according to U.S. President Donald Trump. While the announcement of U.S. reciprocal tariffs was not good news for many countries, Trump’s announcement also had some good news for Canadian Energy companies – 0% tariffs. Some tariffs against Canada are still in place, but for now, no energy sector tariffs against Canada underscores the importance of Canadian energy to the Trump administration.
President Trump announced new tariffs on April 2nd, which he dubbed “Liberation Day” with a 10% baseline tariff for all U.S. trading partners, to go into effect on April 5th. He also announced more reciprocal tariffs against the “worst offenders,” which will go into effect on April 9th but no tariffs on Canadian energy were announced.

Trump’s Reciprocal Tariffs Announcement
Alberta Premier Danielle Smith celebrated the win which she says is precisely what she has been advocating for from the U.S. Administration for months.
“The United States has decided to uphold the majority of the free trade agreement (CUSMA) between our two nations. It also appears this will continue to be the case until after the Canadian Federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. Administration. It means that the majority of goods sold into the United States from Canada will have no tariffs applied to them, including 0% tariffs on energy, minerals, agricultural products, uranium, seafood, potash and a host of other Canadian goods.”
This is great news for Canadian energy producers, especially natural gas producers who are experiencing dramatic growth in the Montney.
At this year’s S&P Global CERAWeek, Mike Verney, Executive Vice-President of petroleum reserves with McDaniel & Associates Consultants Ltd. had great news for Canadian companies.
McDaniel’s study, commissioned by the Alberta Energy Regulator (AER), reported data indicating that Alberta has proven natural gas reserves of 130 trillion cubic feet (TCF), compared to previous provincial estimates of only 24 TCF. According to the study, if probable gas reserves are added in, the overall figure is 144 TCF.
As reported in the Financial Post, Verney said “We’re growing like mad in the Montney. The major natural gas plays in the U.S. are actually declining versus the Montney that is actually growing.”
This message was echoed by Michael Rose, the Chairman, President and Chief Executive Officer of Tourmaline Oil, Canada’s largest natural gas producer during his keynote address at the SPE Canadian Energy Technology Conference and Exhibition last month in Calgary.
Not a Sunset Industry

Michael Rose – Chairman, President and Chief Executive Officer of Tourmaline Oil
Rose opened his keynote speech with optimism saying: “This is not a sunset industry- it is closer to sunrise than sunset” and spoke about Canada’s compelling opportunity for natural gas production as well as Tourmaline’s successes.
Reuters reports that analysts are wondering about the U.S.’s ability to meet the demand growth of booming liquefied natural gas (LNG) projects and also to meet huge domestic demand for natural gas-fired electricity generation to supply new data centre growth. Canada’s resources in Alberta’s Deep Basin and the North East BC Montney will be a huge supply source.
Deep Basin and the Montney are where the most competitive gas plays are found, and where Tourmaline operates as well as producing oil in the Peace River Triassic Lake.
Rose credits technology development and the building and ownership of midstream infrastructures as keys to affordability and profitability for Canadian companies which can control costs by controlling more of the production cycle. In addition, AI optimization has helped the company increase production. He also pointed out the environmental advantage of natural gas production. Since society needs the energy density of hydrocarbons to power industries, natural gas is the best choice as it is “the cleanest member of the fossil fuel stack.” He quoted Arjun Murti– 30 year Wall Street research analyst, buy-side investor, and advisor covering the global energy sector now with Veriten.com who asserts that there is no real energy transition and the only thing humans have actually transitioned off in the energy world is whale oil.
Rose said that 2022 statistics indicated the world set a record for all sources of energy. He pointed out that coal was supposed to replace wood 200 years ago, and it still hasn’t while wood, which has been renamed as biomass is still 7% of the overall energy stack.
The Golden Age of Gas
Rose’s natural gas outlook to 2028 in Canada was rosy saying gas “never looked better.” Beyond 2028 also looks good with a proliferation of electricity generation planned to feed data centre growth. In Alberta alone, 15 projects are in queue which will create a material increase in demand. In the U.S. however, some large U.S. natural gas supply basins have reached a tipping point with only 50% estimated ultimate recovery (EUR) left. Rose reported that drilling inventory is an issue in the U.S. but not in Canada. For example, Tourmaline has over 20 years of Tier 1 drilling inventory left while its U.S. peers don’t have the same luxury. He noted that U.S. M&A is currently driven by a quest for inventory. He noted that U.S. companies will chase profitable acquisitions in a quest for inventory to lower future costs saying “Things are still cheap in Canada.”
Canadian Resources – Will we ever be an energy superpower?
With global exploration down sharply, focus has turned to the WCSB where in the case of the Montney, only 5% has been produced so far.
“All you hear about is the western Canadian sedimentary basin and it is a monster, and it is the gift that keeps on giving, but we’re actually blessed with multiple other opportunities. Like the U.S., a number of them are off limits for government policy reasons, but certainly changes are in order.”
Some of the undeveloped basins in Canada which Rose referred to as “forbidden basins” are located on the West Coast and in the lowlands in Quebec. The tariff issue may be changing attitudes towards oil and gas development in those areas. Dealing with an unsupportive Federal Government for the last decade has made capital attraction difficult. Routine talk about phasing out Oil and Gas and the series of regulations, bills and initiatives that have stalled basin development and new pipelines have taken its toll. It has discouraged capital from flowing into the sector – a period that Rose said “ felt like an endless hurricane.”
So what is the right path forward?
The challenge for industry and policymakers is finding the right balance between energy and the environment according to Rose. He advises that setting unrealistic goals and timelines that are not based in science/technology or economics won’t work, and notes a shift away from the time frame set by net zero.
“We look at the whole environment, air, land and water, and we develop plans to improve performance in all three. We have a group of young engineers working on what amounts to an embedded clean tech business within our company, and I think they’re having a lot of fun doing it.”
One of Tourmaline’s longest initiatives, is the conversion of drilling rigs from diesel to natural gas, using field gas for fuel. The result is that projects have an improved economic return as well as reduced emissions. Rose says this year, Tourmaline will cross a “200 million barrier” and will have displaced 200 million litres of diesel and save $200 million including the makeup gas used. He says they like to think of it as a drill bit to burn initiative.
Mike Rose still had an optimistic view of the path forward for energy companies that is certainly more relevant after yesterday’s “Liberation Day” announcement from Trump.
“We’ve missed 10 years of opportunities,” Rose said. “It would have made us so much stronger than we are today as an industry and a country. Still, late is better than never. The only thing I’ll say about tariffs is that they are just another curve ball. We’ve had nothing but curve balls for 10 years, and we’ll figure out how to hit this one too. Given how integrated both countries’ energy systems are and will continue to be, I think a great narrative that just might appeal is: ‘Let’s make North America the world’s preeminent energy and oil and gas superpower’.”
Maureen McCall is an energy professional who writes on issues affecting the energy industry.
-
2025 Federal Election1 day ago
WEF video shows Mark Carney pushing financial ‘revolution’ based on ‘net zero’ goals
-
Crime2 days ago
First Good Battlefield News From Trump’s Global War on Fentanyl
-
Break The Needle2 days ago
Why psychedelic therapy is stuck in the waiting room
-
2025 Federal Election2 days ago
Three cheers for Poilievre’s alcohol tax cut
-
2025 Federal Election2 days ago
MORE OF THE SAME: Mark Carney Admits He Will Not Repeal the Liberal’s Bill C-69 – The ‘No Pipelines’ Bill
-
2025 Federal Election1 day ago
‘Coordinated and Alarming’: Allegations of Chinese Voter Suppression in 2021 Race That Flipped Toronto Riding to Liberals and Paul Chiang
-
2025 Federal Election1 day ago
‘I’m Cautiously Optimistic’: Doug Ford Strongly Recommends Canada ‘Not To Retaliate’ Against Trump’s Tariffs
-
Automotive2 days ago
Trump Must Act to Halt the Tesla Terror Campaign