Canadian Federal Politics Thread v5

[chemgear]

Originally Posted by calgarygeologist

The government was set to receive the first payments (approximately $2B USD) of the new Digital Services Tax tomorrow but in a late Sunday night move they have decided to scrap the DST.

Elbows up! Good for Mag 7 holders.

https://www.canada.ca/en/department-...ed-states.html

News release

June 29, 2025 - Ottawa, Ontario - Department of Finance Canada

To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.

[calgarygeologist]

Originally Posted by direwolf

Yup. Carney obviously being the adult in the room by extending an olive branch to the U.S., and apparently the trade talks have now resumed with the goal of hopefully reaching some kind of deal by July 21st. I’ll believe it when I see it.

In the meantime Canada just needs to continue strengthening ties with our other allies around the world just like we’ve been doing since all of this bulls*** started. It’ll be a difficult road, but the sooner we can wean ourselves off the U.S., the better.

Last week his Ministers were out in full force saying that they weren't backing down with this tax and that it was badly needed. Trump and his team played their obvious strength card and Carney ran away with his tail between his legs. Carney previously claimed that "Trump is trying to break us" and that under his leadership Canada won't back down. This move clearly shows he will back down very easily.

Trump proved himself to be correct:

Trump said the U.S. has "such power over Canada,"
"It's not going to work out well for Canada. They were foolish to do it," he said of imposing the DST

[curves2000]

Dropping the digital service tax is a smart move as it's a massive irritant of the US dating back to the Biden admin. That being said, the need for some level of deterrent and assistance with Canadian media and Canadian companies that the tax was suppose to assist with still stands.

Canada really needs to wake up and making sure it's industries are being protected, supported, pushed to thrive domestically and given the tools to go on the offensive in other markets outside of Canada. That currently isn't the case and companies globally generally eat our lunch.

We need a really solid, wholesale rethink about how we can really push through as a country and light a competitive spirit in all businesses in Canada and dropping regulations and stupid taxes, fee's and barriers to business. Move forward and try and bypass the US as much as logically and economically possible.

[CliffFletcher]

Originally Posted by chemgear

To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.

Good. It was basically a tariff that hurt Canadian consumers.

[Fuzz]

Originally Posted by calgarygeologist

Last week his Ministers were out in full force saying that they weren't backing down with this tax and that it was badly needed. Trump and his team played their obvious strength card and Carney ran away with his tail between his legs. Carney previously claimed that "Trump is trying to break us" and that under his leadership Canada won't back down. This move clearly shows he will back down very easily.

Trump proved himself to be correct:

That's one way to look at it. The other is that they could have planned to sacrifice this all along, and were stringing Trump along with it until he did his predictable toddler reaction. It's not like the DST is some key to our trade success. It's an easy gimme, and now Trump feels like he won, we can get our wins in the places that matter.


I tend to think it's more likely we played Trump than he played us, because Trump sure sounded pissed off and rolled right back into his sad little 51st state bit. We'll see where it goes next. Right now it comes down to who you think is smarter and better at this. Sounds like you think Trump is the real genius, which is...a take I guess.

[nik-]

4D Chess?

[D as in David]

Originally Posted by calgarygeologist

Last week his Ministers were out in full force saying that they weren't backing down with this tax and that it was badly needed. Trump and his team played their obvious strength card and Carney ran away with his tail between his legs. Carney previously claimed that "Trump is trying to break us" and that under his leadership Canada won't back down. This move clearly shows he will back down very easily.

Trump proved himself to be correct:

Has a final agreement been reached or just your conclusion that has been reached?

[Mazrim]

Originally Posted by CorsiHockeyLeague

Hah, there is no comparison. There is nothing like this anywhere else on earth because there SHOULDN'T be. Even if they built such a thing I wouldn't drive on it unless you put a gun to my head.

Here's a 27 kilometer, 392 meter deep tunnel under construction in Norway. I assume the soil and seismic conditions are better here, but it's possible: https://en.wikipedia.org/wiki/Rogfast

[Cowboy89]

Originally Posted by direwolf

Yup. Carney obviously being the adult in the room by extending an olive branch to the U.S., and apparently the trade talks have now resumed with the goal of hopefully reaching some kind of deal by July 21st. I’ll believe it when I see it.

In the meantime Canada just needs to continue strengthening ties with our other allies around the world just like we’ve been doing since all of this bulls*** started. It’ll be a difficult road, but the sooner we can wean ourselves off the U.S., the better.

If you show me a Canada that doesn't have it's most material trade relationship being their adjacent neighbor of which over 90% of the population lives a 2-3 hour drive from, I'll show you a very poor almost impoverished economy.

There's no 'weaning off' when it comes to the US for Canada, there's only building more credible economic deterrents and mitigation contingencies that make it harder for the US to push Canada around as much in trade and militarily. So incremental redundant infrastructure designed to export resources that currently are sold to the US to non-US countries is good, additional trade agreements and ties with countries that more share our values, yes, change of procurement to non-US/ Domestic sources, of course. A defense plan that is more self-sufficient, and procured away from the US, yes of course. But even after all that the US is still going to be Canada's largest customer by a majority margin.

[chemgear]

So many years behind. At least we finally shuffled our first step I guess.

https://financialpost.com/commoditie...il-buyers-asia

Canada's historic first cargo of LNG sets sail for buyers in Asia