CAN-USA Tariff Strife (split from various pol threads)

[Altair]

Oil and Gold is not what we should be relying on.

Other countries would love to have oil and gold to fall back on.

 

[Czech_pivo]

Other countries would love to have oil and gold to fall back on.

I’m old enough to remember hearing Michael Wilson deliver a speech on the H of C talking about Canada being a ‘drawer of water and hewer of wood.’
I was sad when I heard us described in that manner and 40 years later I’m still sad that it applies to us.

 

[Altair]

I’m old enough to remember hearing Michael Wilson deliver a speech on the H of C talking about Canada being a ‘drawer of water and hewer of wood.’
I was sad when I heard us described in that manner and 40 years later I’m still sad that it applies to us.

The percentage of the Canadian economy that is service based is around 75 percent, in line with countries like France, USA, Germany, the UK.

The percentage of the Canadian economy that is manufacturing is around 10 percent, in line with countries like France, USA, Germany, the UK.

The percentage of the Canadian economy that is natural resources is around 16 percent, higher than countries like France, USA, Germany, the UK.

We are far past a nation of hewers of wood, but we do a lot of it.

 

[daftandbarmy]

Huh, how 'bout that...

Canadian manufacturing just saw largest monthly growth in 3 years: StatCan​

Canada’s economy managed slight growth after it shrunk in the last quarter of 2025, with February seeing a 0.2 per cent increase in GDP and a modest increase of 0.1 per cent in January, Statistics Canada said.

Based on current estimates, Statistics Canada is projecting that Canada’s annualized GDP growth for the first quarter of 2026 will be 1.7 per cent.

The Bank of Canada projects the economy will expand 1.2 per cent in 2026, 1.6 per cent in 2027, and 1.7 per cent in 2028, “as growth in exports and business investment gradually resumes.”

The official final estimate for quarterly GDP growth will be released next month.

Canada’s tariff-hit manufacturing sector led the growth in February, rising by 1.8 per cent. This was the largest growth for the sector since January 2023 and was driven by a 3.6 per cent increase in durable-goods manufacturing.

Canadian manufacturing just saw largest monthly growth in 3 years: StatCan - National | Globalnews.ca

Canada’s tariff-hit manufacturing sector led the growth in February, rising 1.8 per cent. This was the largest growth for the sector since January 2023.

globalnews.ca

 

[Halifax Tar]

I’m old enough to remember hearing Michael Wilson deliver a speech on the H of C talking about Canada being a ‘drawer of water and hewer of wood.’
I was sad when I heard us described in that manner and 40 years later I’m still sad that it applies to us.

Why ? What's wrong with capitalizing on our natural resources ?

And by the way, our fresh water is going to become a very hot commodity.

 

[Czech_pivo]

Why ? What's wrong with capitalizing on our natural resources ?

And by the way, our fresh water is going to become a very hot commodity.

Because we add minimum to no value in any of these goods. No intellectual value. We let others add that value.
We have an 18th century mindset in terms of these industries, not a 21st.
It’s great thing to have these resources available but it’s a terrible travesty that we don’t refine them into finish goods here and sell them at 10-20-50x the real end value.
How much high end aircraft machinery parts are are here from our aluminum? How much high computer components? Our oil is shipped off unrefined leaving it for others to do and sell those refined products at higher prices.
Have a watch here explaining our problem.

 

[Halifax Tar]

Because we add minimum to no value in any of these goods. No intellectual value. We let others add that value.
We have an 18th century mindset in terms of these industries, not a 21st.
It’s great thing to have these resources available but it’s a terrible travesty that we don’t refine them into finish goods here and sell them at 10-20-50x the real end value.
How much high end aircraft machinery parts are are here from our aluminum? How much high computer components? Our oil is shipped off unrefined leaving it for others to do and sell those refined products at higher prices.
Have a watch here explaining our problem.

Gotcha, we agree then.