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Red Deer Chamber Hears Energy Industry Update

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img_2964 (Chris Montgomery – Manager, E & P, Communications and Outreach – Canadian Association of Petroleum Producers)

By Sheldon Spackman

With many in Central Alberta wondering when things are going to turn around in the Oilpatch, the Red Deer Chamber of Commerce received an update on the current state of the industry during their monthly luncheon on Tuesday.

The Chamber’s Guest speaker was Chris Montgomery, President of the Canadian Association of Petroleum Producers or CAPP. Montgomery says the bottom line is they’re not sure just yet when things are going to turn around. Montgomery says certain conditions need to be in place for that to happen, with many factors involved.

He says the first being prices and cost structures to be right, making sure government has the right policy environment and most importantly, making sure the industry can move it’s product to other markets, aside from the U.S., which is not only the Canadian Energy Industry’s biggest customer but also it’s biggest competitor.

Montgomery says it’s extremely important for Canada to get it’s products to other foreign markets like Asia for example and shipped from the shores of our country. Right now, Canadian energy products have to go through the U.S. before getting shipped elsewhere. However, with the U.S. increasing it’s supply of Oil and Natural Gas, Montgomery says it now makes even less sense for us to rely on the States to ship our products.

Montgomery says there are three pipeline projects that could address this issue. The Northern Gateway Pipeline that would ship Alberta oil to Kitimat, B.C., the existing Kinder Morgan Pipeline that goes through Burnaby, B.C. and the Energy East Pipeline that would ship Alberta crude to St. John, New Brunswick. He says the fates of those projects could be determined by the Federal government over the course of the next few months.

Over the last three years, Montgomery says there has been a 62 percent reduction in Capital Investment in Canada’s Oil and Natural Gas Industry, a roughly $50 billion dollar drop to $31 billion dollars.

As for drilling activity, the industry forecast anticipates 3,562 wells to be drilled in Western Canada this year, roughly a third of what was drilled two years ago.

Alberta’s provincial government also has a carbon levy planned for the new year as part of it’s efforts to help fight climate change. Montgomery says he would like to see that get done the right way as well, particularily when it comes to methane emissions. He says the government’s policies in that regard can’t impact a company’s ability to operate.

Montgomery says there is some positive news though, saying there is roughly $30 billion dollars in private capital ready to be invested into Canada’s Oil and Natural Gas Industry, once we can get those products to other foreign markets from our shores.

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Trump confirms 35% tariff on Canada, warns more could come

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Quick Hit:

President Trump on Thursday confirmed a sweeping new 35% tariff on Canadian imports starting August 1, citing Canada’s failure to curb fentanyl trafficking and retaliatory trade actions.

Key Details:

  • In a letter to Canadian Prime Minister Mark Carney, Trump said the new 35% levy is in response to Canada’s ā€œfinancial retaliationā€ and its inability to stop fentanyl from reaching the U.S.
  • Trump emphasized that Canadian businesses that relocate manufacturing to the U.S. will be exempt and promised expedited approvals for such moves.
  • The administration has already notified 23 countries of impending tariffs following the expiration of a 90-day negotiation window under Trump’s ā€œLiberation Dayā€ trade policy.

Diving Deeper:

President Trump escalated his tariff strategy on Thursday, formally announcing a 35% duty on all Canadian imports effective August 1. The move follows what Trump described as a breakdown in trade cooperation and a failure by Canada to address its role in the U.S. fentanyl crisis.

ā€œIt is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,ā€ Trump wrote to Prime Minister Mark Carney. He added that the tariff response comes after Canada “financially retaliated” against the U.S. rather than working to resolve the flow of fentanyl across the northern border.

Trump’sĀ letterĀ made clear the tariff will apply broadly, separate from any existing sector-specific levies, and included a warning that ā€œgoods transshipped to evade this higher Tariff will be subject to that higher Tariff.ā€ The president also hinted that further retaliation from Canada could push rates even higher.

However, Trump left the door open for possible revisions. ā€œIf Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter,ā€ he said, adding that tariffs ā€œmay be modified, upward or downward, depending on our relationship.ā€

Canadian companies that move operations to the U.S. would be exempt, Trump said, noting his administration ā€œwill do everything possible to get approvals quickly, professionally, and routinely — In other words, in a matter of weeks.ā€

The U.S. traded over $762 billion in goods with Canada in 2024, with a trade deficit of $63.3 billion, a figure Trump called a ā€œmajor threatā€ to both the economy and national security.

Speaking with NBC News on Thursday, Trump suggested evenĀ broaderĀ tariff hikes are coming, floating the idea of a 15% or 20% blanket rate on all imports. ā€œWe’re just going to say all of the remaining countries are going to pay,ā€ he told Meet the Press moderator Kristen Welker, adding that ā€œthe tariffs have been very well-receivedā€ and noting that the stock market had hit new highs that day.

The Canadian announcement is part of a broader global tariff rollout. In recent days, Trump has notified at least 23 countries of new levies and revealed a separate 50% tariff on copper imports.

ā€œNot everybody has to get a letter,ā€ Trump said when asked if other leaders would be formally notified. ā€œYou know that. We’re just setting our tariffs.ā€

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Trump slaps Brazil with tariffs over social media censorship

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From LifeSiteNews

By Dan Frieth

In his letter dated July 9, 2025, addressed to President Luiz InƔcio Lula da Silva, Trump ties new U.S. trade measures directly to Brazilian censorship.

U.S. President Donald Trump has launched a fierce rebuke of Brazil’s moves to silence American-run social media platforms, particularly Rumble and X.

In his letter dated July 9, 2025, addressed to President Luiz InƔcio Lula da Silva, Trump ties new U.S. trade measures directly to Brazilian censorship.

He calls attention to ā€œSECRET and UNLAWFUL Censorship Orders to U.S. Social Media platforms,ā€ pointing out that Brazil’s Supreme Court has been ā€œthreatening them with Millions of Dollars in Fines and Eviction from the Brazilian Social Media market.ā€

A formal letter dated July 9, 2025, from The White House addressed to His Excellency Luiz Inacio Lula da Silva, President of the Federative Republic of Brazil, discussing opposition to the trial of former President Jair Bolsonaro and announcing a 50% tariff on Brazilian products entering the United States due to alleged unfair trade practices and censorship issues, with a note on efforts to ease trade restrictions if Brazil changes certain policies.

A typed letter from Donald J. Trump, President of the United States of America, discussing tariffs related to Brazil, digital trade issues, and a Section 301 investigation, signed with his signature.

Trump warns that these actions are ā€œdue in part to Brazil’s insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans,ā€ and states: ā€œstarting on August 1, 2025, we will charge Brazil a Tariff of 50% on any and all Brazilian products sent into the United States, separate from all Sectoral Tariffs.ā€ He also adds that ā€œGoods transshipped to evade this 50% Tariff will be subject to that higher Tariff.ā€

Brazil’s crackdown has targeted Rumble after it refused to comply with orders to block the account of Allan dos Santos, a Brazilian streamer living in the United States.

On February 21, 2025,Ā Justice Alexandre de MoraesĀ ordered Rumble’sĀ suspensionĀ for non‑compliance, saying it failed ā€œto comply with court orders.ā€

Earlier, from August to October 2024, Moraes had similarly orderedĀ a nationwide block on X.

The court directed ISPs to suspend access and imposed fines after the platform refused to designate a legal representative and remove certain accounts.

Elon Musk responded: ā€œFree speech is the bedrock of democracy and an unelected pseudo‑judge in Brazil is destroying it for political purposes.ā€

By linking censorship actions, particularly those targeting Rumble and X, to U.S. trade policy, Trump’s letter asserts that Brazil’s judiciary has moved into the arena of foreign policy and economic consequences.

The tariffs, he makes clear, are meant, at least in part, as a response to Brazil’s suppression of American free speech.

Trump’s decision to impose tariffs on Brazil for censoring American platforms may also serve as a clear signal to the European Union, which is advancing similar regulatory efforts under the guise of ā€œdisinformationā€ and ā€œonline safety.ā€

With the EU’sĀ Digital Services ActĀ and proposedĀ ā€œhate speechā€ legislationĀ expanding government authority over content moderation, American companies face mounting pressure to comply with vague and sweeping takedown demands.

By framing censorship as a violation of U.S. free speech rights and linking it to trade consequences, Trump is effectively warning that any foreign attempt to suppress American voices or platforms could trigger similar economic retaliation.

Reprinted with permission fromĀ Reclaim The Net.

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