Trudeau Promises ‘Fentanyl Czar’ and US-Canada Organized Crime Strike Force To Avert U.S. Tariffs

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Under the looming threat of U.S. tariffs—framed by officials as a response to deadly fentanyl trafficking linked to Chinese precursors rather than a conventional trade dispute—Canada has moved swiftly to appease the White House.

This afternoon, Prime Minister Justin Trudeau, in a post on X (formerly Twitter), announced the appointment of a “Fentanyl Czar” alongside a $1.3 billion border security plan. The initiative includes new helicopters, advanced surveillance technology, additional personnel, and closer coordination with U.S. agencies to stem the flow of fentanyl.

“I just had a good call with President Trump,” Trudeau wrote. “Nearly 10,000 frontline personnel are and will be working on protecting the border.”

Trudeau also outlined plans to designate cartels as terrorist organizations, implement 24/7 surveillance, and launch a Canada–U.S. Joint Strike Force targeting organized crime and money laundering. He signed a new $200 million intelligence directive on fentanyl, asserting that these measures helped secure a 30-day pause on proposed tariffs against Canadian goods.

The announcement follows President Donald Trump’s imposition of sweeping new trade penalties: a 25% tariff on exports from Mexico and Canada and a 10% duty on Chinese goods. While those levies took effect two days ago, Trump has now granted Mexico a one-month reprieve—on the condition that President Claudia Sheinbaum deploy 10,000 soldiers to the northern border to crack down on fentanyl trafficking and illegal migration.

In exchange, senior U.S. officials—including Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick—will negotiate with their Mexican counterparts on a long-term solution before tariffs are reinstated.

Trump emphasized that Mexico’s forces were “specifically designated to stop the flow of fentanyl and illegal migrants,” stressing that cross-border cooperation was essential in tackling what U.S. authorities call a national drug crisis.

Markets initially tumbled over fears of an escalating tariff war among the world’s largest economies but rebounded on news of the temporary reprieve for Mexico and Canada. Now, both governments face a critical deadline.

More to come.

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Related Topics:#TrudeauTrump CanadaFentanylCzar CanadaFentanylTrafficking feature TrumpTariffs USCanadaCrimeStrikeForce

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The Great Exodus from the Net Zero Banking Alliance has arrived

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Trudeau Promises ‘Fentanyl Czar’ and US-Canada Organized Crime Strike Force To Avert U.S. Tariffs

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The Great Exodus from the Net Zero Banking Alliance has arrived

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The Great Exodus from the Net Zero Banking Alliance has arrived

Published on February 3, 2025

Todayville

From the Canadian Energy Centre

By Gina Pappano

Next, we need a Great Exodus from net zero ideology

In 2021, all of Canada’s Big Five Banks – TD, CIBC, BMO, Scotiabank and RBC – signed onto the Glasgow Financial Alliance for Net Zero (GFANZ) and the Net Zero Banking Alliance (NZBA).

U.N.-sponsored and Mark Carney-led, GFANZ is a sector-wide umbrella coalition whose goal is to accelerate global decarbonization and the emergence of a worldwide net zero global economy.

But now, in the first month of 2025, four of Canada’s Big Five Banks – TD, CIBC, BMO and Scotiabank – have announced their decision to exit the NZBA.

This came on the heels of similar announcements by six of the biggest U.S. banks – Bank of America, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley and Wells Fargo as well as the investment firm BlackRock leaving the Asset Management subgroup of the GFANZ.

That group, the Net Zero Asset Managers Initiative, has now suspended operations altogether, and the GFANZ and all of its subgroups are falling like a house of cards.

At InvestNow, the not-for-profit that I lead, we’re considering these developments a victory and a vindication of our work.

In November of 2024, we submitted shareholder proposals to Canada’s Big Five banks asking them to leave both the NZBA and the GFANZ. As of this writing, all but one of them have done just that.

But this is only a partial victory.

When they signed on to the NZBA, the banks pledged to align their lending, investment and banking activities with decarbonization goals, including achieving net zero emissions by 2050. They pledged to focus on higher emitting sectors first and foremost. In practice, this means they would be setting their sights on Canada’s natural resource sector.

That’s because the net zero ideology motivating these groups requires the drastic reduction of oil and gas production and use over a comparatively short period of time.

That is a serious threat to Canada since we’ve been blessed with an abundance of natural resources. Hydrocarbon energy has become the backbone of our economy, and the war being waged against it has already made our lives harder and more expensive. Left unchecked, these difficulties will compound, with ruinous results.

In joining the NZBA, the Big Five Banks agreed to divest from oil and gas, eliminating projects and companies from the investment pool simply because of the sector they work in, as part of a long-term goal of totally decarbonizing the economy.

Presumably, having left the Alliance, those banks could now change course, increasing investment in and lending to oil and gas firms with an eye toward increasing the return on investment for their shareholders.

Except the banks have stressed that they have no intention of doing so. In the press releases and articles about leaving the NZBA, each bank emphasized that this move should not be interpreted as them abandoning net zero itself. All of these banks remain committed to aligning their activities with decarbonization, no matter the cost to Canada, the Canadian economy or the good of its citizens.

This means we still have work to do. While we applaud the banks for exiting the NZBA, we will continue to work to get them to leave behind the net zero ideology as well. Then, and only then, will we claim a full victory.

Gina Pappano is the former head of market intelligence at the Toronto Stock Exchange and TSX Venture Exchange and executive director of InvestNow , a non-profit dedicated to demonstrating that investing in Canada’s resource sectors helps Canada and the world. Join the movement and pass the InvestNow resolution at investnow.org.

Bruce Dowbiggin

The Limping Loonie: Are Canada’s Pro Sports Team In Trouble Again?

Published on February 3, 2025

Bruce Dowbiggin

With the Canada/ U.S. Tariff War going from talking conflict to hot trade war on Feb. 1 there are numerous predictions as to what might happen if the dispute drags on. As the sides in the Ukraine War will tell you very few of the outcomes so far were foreseen by the sides when the shooting started. That’s the nature of these conflicts.

One immediate byproduct seems to be the continued descent toward 60 cents by the Canadian dollar. If Trudeau and his anointed successor Mark Carney are true to character it will also involve billions in cheques going out the door— a la Covid— to those citizens “harmed” by the Liberals stumbling into a highly predictable and easily avoidable trade war. If past is prologue, vast amounts of that money will disappear as bad actors find a way to access the funds. While Canada’s GDP collapses some more.

For the moment, however, let us concentrate on what Justin Trudeau’s ineptitude might be costing Canadian professional sports teams in American-based leagues. On the purely trivial level it means that your beer at the park/ arena will be Canadian suds exclusively. Not cheaper or better. Just Canadian. Owners will stock luxury boxes with Canadian wine, etc. A road trip to see the Canucks in L.A. or the Canadiens in NYC will balloon, too.

But on a more serious level the showdown between Donald Trump and Trudeau could well return Canadian teams in the NHL to the bad-old days of the early 21st century. Despite efforts then to create a Canadian fund to save teams, two clubs— Winnipeg Jets and Quebec Nordiques— were forced to sell because of a dollar that bottomed out around 62 cents U.S. Winnipeg went to Phoenix/ Quebec City went to Colorado as a result

In Montreal the MLB Expos also moved— to Washington— after 37 years, because no one in Quebec would/ could pony up the money to make up for the declining dollar or repair the disastrous Olympic Stadium. Expos fans then had the cruel fate of watching Washington win the 2019 World Series after the Expos had never gotten that far. (Nordiques fans saw Colorado win two Stanley Cups after escaping Quebec.)

Why were these teams forced to move? Because while teams collect revenues locally in Canadian dollars almost all their payroll and other costs are paid in American dollars. So when you see the Toronto Blue Jays facing a possible US $500 million price tag to keep star Vladimir Guerrero you’re really talking about raising $750,000 million in CDN revenues to meet the demand. Multiply those jumps over a 25-man roster and you’re talking a huge jump in payroll— or being consigned to after-ran status.

While no one is about to hold a tag day for Toronto it will make the Jays’ job of competing in a division with the big-spending New York Yankees and Boston Red Sox that much harder. With a national market of almost 40 million now to exploit they still have resources. But will American players want to play in Canada during a hot trade war between the nations? Now that yahoos fed by a doltish CDN media have started booing the Star Spangled Banner in Ottawa and Vancouver before games do you think that will encourage American stars on teams there to stick around?

But the NHL is where the biggest losses will be seen. Already there have been concerns about the Jets.2 surviving in Winnipeg. Last week it was revealed that after years spent coming back from Covid revenue shortages, the NHL is going to raise its salary cap from today’s US $88 million to as much as an estimated US $115 million in three or four years. The news that players will no longer have escrow payments held back to compensate owners for revenue shortages was greeted with cheers by players and their agent.

The boost in the cap will likely mean that today’s US$14 million peak (Leon Draisaitl) will also advance to somewhere just beneath US$20 million a season. And while that figure is a few years off, teams will have to start negotiating today with their stars with that figure in mind if they wish to retain them.

The test case will be superstar Connor McDavid who is due for a new contract after 2025-26. For the small-market Edmonton Oilers that will mean creating a template that buys him out of estimated salary later by boosting his salary before the cap arrives at its peak. With Draisaitl already pulling down top dollar the Oilers’ resources will be stretched thin to accommodate McDavid— while still paying the rest of the roster.

Could the drop in the dollar produce another Gretzky-like trade for Edmonton when the Oilers were forced to dump the greatest scorer in NHL history to L.A. because his worth exceeded the Oilers’ ability to pay? We chronicle the trade in depth in our new book Deal With It: The Trades That Stunned The NHL & Changed Hockey.

The fate of hockey stars will be only a small piece of any future U.S. trade deals. But they will be highly visible to Canada’s hockey fans. Not being able to satisfy them is a political price no pelican wants to face. But given the current intransigence by Justin Trudeau scrambling to stay in office it is far from improbable.

Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster. His new book Deal With It: The Trades That Stunned The NHL And Changed Hockey is now available on Amazon. Inexact Science: The Six Most Compelling Draft Years In NHL History, his previous book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org. You can see all his books at brucedowbigginbooks.ca.