
Surrey duty-free shop caught in the crossfire of U.S.-Canada trade war
The trade war between Canada and the United States is now underway. A major border retailer in Surrey says its workers are caught in the crossfire. As Shaurya Kshatri reports, business groups are bracing for tough decisions, from layoffs to higher prices and British Columbians may soon feel the impact

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Global News
2 days ago
- Global News
Danielle Smith pitches B.C. on pipeline project, saying it benefits ‘all Canadians'
Alberta Premier Danielle Smith is making a pipeline pitch directly to British Columbians. Smith told Global News that Canada needs to take advantage of this moment of national unity to respond to U.S. President Donald Trump's threats. 'When you look at the potential for a million barrels a day at today's prices, that's about 20 billion dollars worth of value,' Smith told Focus BC. 'It doesn't just go to Alberta, it benefits all Canadians.' Smith is leaning on the Team Canada approach but does acknowledge that there still need to be work to address Indigenous concerns. 'We hear the environmental concerns and that is why it is good to have Indigenous partners so we can reroute the route, and deal with issues on the ground,' she said. Story continues below advertisement 'I know a few things need to be modified, but we can get to yes.' 2:01 Pipeline dream: Alberta premier makes pitch at Global Energy Show There is still no proponent for the pipeline project but the previous iteration of a pipeline to the coast destroyed the relationship with then Alberta Premier Alison Redford and then B.C. Premier Christy Clark. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Smith said the difference this time is the vision to export the material out of Prince Rupert, rather than Kitimat, where navigating tankers is harder. 'Let's go to a port that is already shipping goods, that is ice-free year-round,' she added. B.C. Energy Minister Adrian Dix says the province is opposed to the new pipeline and instead, Alberta should focus on building out the Trans Mountain Pipeline expansion, which already cost taxpayers more than $34 billion. Story continues below advertisement 'We still need to get some work to get value for that pipeline,' Dix said. 'We have been supportive of that now that taxpayers have paid for it. The idea that taxpayers would subsidize a project that has no proponent makes no sense to us.' Watch the full interview with Smith above.


Cision Canada
4 days ago
- Cision Canada
New research shows most B.C. investors responded to recent market volatility
VANCOUVER, BC, June 11, 2025 /CNW/ - Recent investment market volatility spurred by changes in U.S. trade policy sparked widespread concern among B.C. investors and prompted most to change their behaviour or investment strategy, according to new research from the BC Securities Commission (BCSC). The study found 74 per cent of B.C. investors said they were closely following changes in the investment markets, and 72 per cent reporting concern about the impact on their investments. April's market volatility and the headlines that followed prompted 61 per cent of investors to take action. Among all investors: 39 per cent reported monitoring their investments and the news more closely 32 per cent reported adjusting their strategy, including speaking with their advisor and making changes to their investment strategy or financial plan, and 25 per cent reported buying and/or selling investments that changed in value or that they expected to change in value. Selling was more common among self-directed investors and investors between the ages of 18 to 34 and among those with investable assets less than $100,000. "Anxiety can lead us to make changes and decisions based on short-term factors that can have long-term consequences on our financial futures," said Pamela McDonald, the BCSC's Director, Communications & Education. "Investors, when confronted by economic instability, should focus on good investing habits, and do a 'check-in' on their short- and long-term goals, so they can make sound decisions." Investors can also navigate volatility in the investment markets by understanding their risk profile, talking to a registered investment advisor to create a tailored plan, and considering the source of information and advice they rely on to make investment decisions. Investors should also be familiar with the warning signs of investment fraud because scammers will often use periods of economic uncertainty to rope individuals into investment schemes. British Columbians can find unbiased investment information and educational resources on the BCSC's investor education website, About the research: This omnibus survey, conducted by Innovative Research Group for the BCSC, included questions aimed at understanding attitudes toward recent changes in the investment markets and whether those changes had an impact on investor behaviour. The online survey was conducted among a representative sample of British Columbians from April 28 to May 2, 2025. A total 1,005 individuals age 18 and over completed the survey, which was weighted to 1,000 by age, gender, region, education and investable assets to ensure that the overall sample's composition reflects that of the actual population according to Statistics Canada data. About the B.C. Securities Commission ( The BC Securities Commission, an independent provincial government agency, strives to make the investment market benefit the public. We set rules, monitor compliance by industry, take action against misconduct, and provide guidance to investors and industry. As guardians of B.C.'s investment market, we're committed to maintaining a market that is honest, fair, competitive and dynamic, enabling British Columbians to thrive.


Vancouver Sun
6 days ago
- Vancouver Sun
Opinion: Most Canadians don't support taxpayer subsidies for LNG
Proponents often claim that Canada's LNG will reduce global warming by displacing coal in other countries. However, we have run out of time for a 'transition fuel' if we're to meet the goals of the Paris Agreement. In this context, new LNG infrastructure isn't a climate solution, but rather a substitute for investment in clean energy. Luckily, the price of renewables has dropped dramatically, making this transition both feasible and affordable. LNG is also a bad economic bet. The International Energy Agency has projected that LNG capacity will exceed demand by the next decade, making new capital investments especially risky. This is presumably why private investors are wavering and looking to Canadian governments to subsidize their projects with public dollars. A daily roundup of Opinion pieces from the Sun and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Informed Opinion will soon be in your inbox. Please try again Interested in more newsletters? Browse here. A recent poll found that 56 per cent of respondents, both in B.C. and nationally, oppose multibillion-dollar public subsidies for foreign-owned LNG projects. Only 18 per cent of Canadians, and 22 per cent of British Columbians, are supportive while the rest are unsure. In B.C., where most LNG projects are proposed and LNG Canada will soon come online, people have other priorities for their tax dollars. In fact, supporting oil-and-gas is at the bottom of a list led by health care, housing, education, renewable energy and transit. The lack of public support for subsidizing fossil fuels has been consistent for years. In 2018, two-thirds of Canadians opposed subsidizing oil-and-gas, 41 per cent strongly. More than half remained unsupportive, even after being told oil-and-gas subsidies would create jobs and economic growth. In 2021, 62 per cent of Canadians wanted the federal government to stop fossil fuel subsidies and there was mounting frustration that the government hadn't acted on a 2015 campaign promise to do so. In 2023, the majority of Canadians felt that oil companies, not taxpayers, should foot the bill for the Trans Mountain pipeline expansion. Only 30 per cent of British Columbians supported subsidies for LNG. A 2023 poll found 96 per cent of Canadians felt the federal government should disclose subsidies for fossil fuels. That year, the government of Canada signed a joint ministerial statement at the UN climate talks that committed them to do just that by the end of 2024. There is still no inventory of fossil fuel subsidies in mid-2025, undermining Canadians' ability to understand where their tax dollars are going. Canada claims to be a global leader on climate change, yet we continuously fail to meet our climate targets. The main reason is that emissions growth from oil-and-gas production has offset progress in other areas. According to the UN Environment Programme , governments around the world, including Canada, are planning for continued fossil fuel production that will result in more than double the global emissions scientists advise are consistent with limiting warming to 1.5 C. Canada, unfortunately, is one the biggest funders of the fossil fuel industry globally. That includes billions of taxpayer dollars that the federal and B.C. governments have already committed to LNG in the form of direct subsidies, lower tax and electricity rates, and public loans. Canadian taxpayers have been footing the bill for fossil fuel developments that threaten our own climate, health and economy. In this critical moment, Canada's leaders should instead use public funds to support projects that advance Canada's economy and safety, not only today but for decades to come. Kathryn Harrison is professor of political science at the University of B.C. Cara Pike is co-founder and senior adviser to at Carleton University in Ottawa.