logo
Local leaders hope Canadian election opens doors

Local leaders hope Canadian election opens doors

Yahoo30-04-2025

PLATTSBURGH — North Country officials are hopeful that relations between the U.S. and Canada can improve in the wake of Monday's Canadian election.
'Now that the election is over, hopefully the two countries can get together and solve these issues and get back to business that will only benefit our areas,' Clinton County Legislature Chairman Mark Henry (R-Area 3, Chazy) said.
'Hopefully it will increase our economy and bring more visitors here and that benefits both countries.'
The region has seen a drop in Canadian visitors since Donald Trump became president in January. Canadians have been upset by tariffs imposed and pledged by Trump, and his claims to seek Canada as the 51st U.S. state.
Henry said there is a concern that the lack of Canadian visitors will have a negative impact on Plattsburgh International Airport, which is popular among Canadian travelers, restaurants, marinas and other businesses.
'There is a lot of Canadian business down here and losing them is a blow to our area,' he said.
'Hopefully we can get beyond the rhetoric and get down to business.'
Henry said he is hopeful that the administration of Liberal Party Prime Minister Mark Carney, who has been at the helm in Canada since taking over for Justin Trudeau earlier this year, can help improve the situation.
'I can imagine there have been conversations going on behind the scenes,' Henry said.
'Hopefully they have been a bit calmer, but I can't imagine anyone would be in favor of the status quo... I have to think both sides have impetus to come to an agreement.'
STRONG TIES
Michael Cashman, supervisor of the Town of Plattsburgh, which is home to several Canadian manufacturing businesses, said the town deeply values the strong economic and cultural bonds it shares with Canada.
'We extend our congratulations to Prime Minister Carney and elected Members of Parliament. I am hopeful that our federal government will seize this moment to re-engage our trusted ally with respect and urgency working together on common-sense solutions, including ending this unnecessary trade war,' Cashman said.
North Country Chamber of Commerce President Garry Douglas said the region has many friends in Canada on both sides.
'What's important to all of us is that Canada has a newly elected government and Prime Minister with a mandate to deal with Washington,' Douglas said.
'Prime Minister Carney has a long record in finance and banking, including periods as Governor of the Bank of Canada and as Governor of the Bank of England. We congratulate all of the newly elected MP's and wish the Prime Minister and his government well.'
JONES
State Assemblyman D. Billy Jones (D-Chateaugay Lake) who chairs the Assembly's Task Force on New York Canada Relations, said he hopes that with the election, 'talks will resume immediately with our federal administration so that we can come to a resolution regarding tariffs and reciprocal tariffs that will lead to furthering the long-standing great relationship we've had with our friends and neighbors to the North.'
'This partnership and friendship is vital to the North Country economy and if the tariffs are not repealed, it will continue to hurt local residents and business owners. I continue to work with officials on both sides of the border to find common ground so that we can return to free trade policies that have been mutually beneficial.'
BENEFITS BOTH
Henry said the North Country probably has a much sharper perspective on U.S.-Canada relations since the region is so closely tied to them.
'We've had such a long and fruitful history and a beneficial relationship with them for so many years, and hopefully based on this longstanding relationship and friendship, this will turn out good for both countries,' Henry said.
'It's a two way deal: We need them and they need us too.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mining Industry Quarterly Review, Q4 2024 & Full Year - Top 18 Mining Companies Invest $69.1B in 2024; Forecasted Increase for 2025
Mining Industry Quarterly Review, Q4 2024 & Full Year - Top 18 Mining Companies Invest $69.1B in 2024; Forecasted Increase for 2025

Yahoo

time39 minutes ago

  • Yahoo

Mining Industry Quarterly Review, Q4 2024 & Full Year - Top 18 Mining Companies Invest $69.1B in 2024; Forecasted Increase for 2025

"Mining Quarterly Review - Q4 2024 & Full Year" analyzes global mining trends, covering commodities, production, and capital expenditure. Indonesia achieved record coal outputs while boosting its nickel industry. Glencore led in coal production growth, driven by key acquisitions. Top miners spent $69.1B in 2024, with a 2025 rise forecasted. Key regions include Canada, Australia, South Africa, and the US. Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Mining Quarterly Review - Q4 2024 & Full Year" report has been added to offering. The report contains an overview of the key commodities in the mining industry including coal, iron ore, copper, gold, nickel, lead, zinc, uranium and lithium. It provides detailed information on prices, production by country, production by company, development projects update, capital expenditure, and demand "Mining Quarterly Review - Q4 2024 & Full Year" provides a comprehensive coverage on the global mining industry. It provides commodity trends covering price trends, production, capital expenditure of leading miners, development projects momentum, development projects by commodity, country, company and stage. The report also includes a demand drivers section providing information on factors that are affecting the global mining industry. It further provides updates on emissions, safety in mining, regulatory, developments in mining for Q4 2024 & Full Year, European Union's industrial production, US' industrial production, China's industrial production growth rate, China's Manufacturing PMI .While maintaining strong coal production, Indonesia is also navigating the global energy transition. This involves balancing coal output with the development of its nickel industry, crucial for EV batteries. Indonesia surpassed its 2024 coal production targets, reaching record highs to 836Mt, driven by both domestic and international demand. In Q4 2024, Glencore recorded the highest coal production growth, significantly outpacing its competitors. Yanzhou, Coal India and China Shenhua Energy also registered growth, though at a much smaller scale. Glencore experienced a significant increase in metallurgical coal production, rising by 18.9% compared to the same period in 2023. This substantial growth was primarily attributable to the acquisition of Canadian steelmaking operations, Elk Valley Resources (EVR), in July 2024. After 0.82% of projects in the development stages advanced in Q3 2024, the development projects momentum improved to 1.37% in Q4 2024. Some 37 projects advanced during this quarter, of which 16 were in Canada, Australia, South Africa and the US, 2024, the world's top 18 mining companies collectively invested over $69.1B in capital expenditures. Companies' projections for 2025 indicate a 5.1% increase to $72.7B for the same 18 to Buy To gain an understanding of the quarterly changes in the global mining industry, relevant driving factors To understand historical and forecast trends on key commodities To identify key players in the global mining industry To identify major development projects momentum by region To identify the trend in capital expenditure spent by leading miners To understand the factors influencing demand drivers of key commodities Key Topics Covered: Overview Macroeconomic trends Commodity trends Coal Iron ore Copper Gold Nickel Lead Zinc Uranium Lithium Development projects update Capital expenditure Demand drivers Appendix For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio

VinFast Cuts Half Its Canadian Showrooms as EV Market Cools
VinFast Cuts Half Its Canadian Showrooms as EV Market Cools

Yahoo

timean hour ago

  • Yahoo

VinFast Cuts Half Its Canadian Showrooms as EV Market Cools

VinFast, the Vietnamese EV startup that set out to challenge Tesla with a sleek direct-to-consumer model, is pulling back — and hard. This week, the company confirmed it will shut down half of its retail locations in Canada, just two and a half years after entering the market. VinFast launched into Canada in late 2022 with big promises: a sleek, direct-to-consumer electric-vehicle model meant to rival Tesla. Within months, the Vietnamese company opened 10 showrooms across Ontario, Quebec, and British Columbia—five of them within upscale shopping malls like Yorkdale and Park Royal. But as of May 2025, half of those stores are set to close, marking a sharp reversal of its aggressive rollout. Five of its 10 Canadian storefronts are on the chopping block, including all three of its boutique mall locations and two additional showrooms in outlying areas, according to Retail Insider. The move marks a major pivot for the company, which had positioned itself as a disruptor ready to overhaul the traditional car-buying experience. 'VinFast Canada is announcing the closure of our three boutique mall locations and two showrooms in outlying areas as part of a broader strategy to refocus resources and enhance long-term performance,' the company said in a statement. The closures reflect mounting pressure on EV startups as the market cools and interest rates rise. While legacy automakers double down on hybrid models, newer players are struggling to stay competitive. VinFast opened its first Canadian store in December 2022 at Toronto's Yorkdale Mall, mirroring Tesla's showroom-style retail playbook. But plans to scale have sputtered. VinFast said it will maintain five showrooms in British Columbia, Ontario, and Quebec. One survivor: the Mississauga location near Highway 401. The company says it will announce an expanded after-sales service network later this year and is 'considering' franchise dealer partnerships — a potential departure from its original direct-sales ethos. This contraction comes as other EV upstarts also face reality checks. Hype alone won't power growth. Even with global ambitions and a backstory rooted in one of Vietnam's biggest conglomerates, VinFast is learning the hard way: building cars is tough. Selling them might be even Cuts Half Its Canadian Showrooms as EV Market Cools first appeared on Men's Journal on Jun 9, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

What are Canada's governing Liberals going to do about AI?
What are Canada's governing Liberals going to do about AI?

Yahoo

time4 hours ago

  • Yahoo

What are Canada's governing Liberals going to do about AI?

Fresh off his election victory, Prime Minister Mark Carney has been focused on standing up to Donald Trump's claims on Canada as the 51st state and American tariffs. But while that political drama unfolds, one topic that seems to have quietly slipped under the radar is the rise of artificial intelligence. Despite its transformative impact on everything from jobs to national security, AI received surprisingly little attention during the campaign and in the first weeks following Carney's victory. The consequences of that lack of attention are already starting to show, as emissions and electricity costs continue unabated without a clear vision of where AI fits in. Read more: Although Carney has appointed former journalist Evan Solomon as Canada's first-ever AI minister, it's not yet clear what action the Liberal government plans to take on AI. The Liberals' 'Canada Strong' plan outlining the prime minister's proposals is scarce on details. Still, it provides some clues on how the Liberals see AI and what they believe it offers to the Canadian economy — and also what they seem to have misunderstood. First, the plan includes some robust initiatives for improving Canada's digital infrastructure, which lags behind other leading countries, especially in terms of rural broadband and reliable cell service. To accomplish these goals, the Liberals say they'll incentivize investment by 'introducing flow-through shares to our Canadian startup ecosystem…to raise money faster' for AI and other technologies. In other words, they will reuse the model of mining and oil companies whereby investors can claim a tax deduction for the same amount as their investment. A major question is whether Canada's investment ecosystem has enough big players willing to take these risks. The plan gets less promising as it comes to the implementation of AI within 'the economy of tomorrow.' The Liberals say they plan to build more data centres, improve computing capacity and create digital supply chain solutions 'to improve efficiency and reduce costs for Canadians.' All that that sounds OK — so far. But how will they do this? The Liberals plan to establish the Bureau of Research, Engineering and Advanced Leadership in Science (BOREALIS), linking AI development directly to the Canadian Armed Forces and the Communications Security Establishment Canada, which provides the federal government with information technology security and foreign signals intelligence. This approach to AI is focused on what it offers to Canada's defence, whether by manufacturing semiconductors or improving intelligence gathering, so that it can rely less on the U.S. Similarly, Canadian defence tech firms will access funding to help reduce dependence on American suppliers and networks. The Liberals are pledging sovereignty and autonomy for Canada's defence and security, all enabled by 'the construction and development of AI infrastructure.' What goes unsaid is the intense power needs of data centres, and the consequences for emissions and climate action of 'building the next generation of data centres' in Canada. New data centres cannot be built without also constructing more renewable energy infrastructure, and none of this addresses emissions or climate change. If the centres crop up in big numbers as planned, Canadians could also see their electricity costs go up or become less reliable. That's because finding space within the existing grid is not as easy as it may sound when AI data centres require over 100 megawatts (MW) of electricity demand versus five to 10 MW for a regular centre. With the rapidly evolving market for AI-based data centres, Canadian policymakers need to provide clear guidance to utilities in terms of their current decisions on competing industrial-scale demands. As the Canadian Climate Institute points out: 'Anything less risks higher rates, increased emissions, missed economic opportunities — or all of the above.' So far, the Liberal plan fails to address any of these concerns. What else does the 'economy of tomorrow' hold? Apparently, it means more efficient government. According to the Liberal plan, AI 'is how government improves service delivery, it is how government keeps up with the speed of business, and it is how government maximizes efficiency and reduces cost.' Despite otherwise clashing with the Trump administration, this language is reminiscent of Elon Musk's Department of Government Efficiency (DOGE), which has also centred its use of AI. Read more: The Liberals will open an Office of Digital Transformation, which aims to get rid of red tape and 'reduce barriers for businesses to operate in Canada.' They don't seem to really know what this would actually look like, however. They say: 'This could mean using AI to address government service backlogs and improve service delivery times, so that Canadians get better services, faster.' Their fiscal plan points out that this frame of thinking applies to every single expenditure: 'We will look at every new dollar being spent through the lens of how AI and technology can improve service and reduce costs.' The economy will also benefit, the government argues, from AI commercialization, with $46 million pegged over the next four years to connect AI researchers with businesses. This would work alongside a tax credit for small and medium-sized businesses to 'leverage AI to boost their bottom lines, create jobs, and support existing employees.' But a new report by Orgvue, the organizational design and planning software platform, shows that over half of businesses that rushed to impose AI just ended up making their employees redundant without clear gains in productivity. Creating a tax credit for smaller companies to introduce AI seems like a recipe for repeating the same mistake. Much of the Liberal plan seems to involve taking risks. There's a shortsightedness on this rapidly advancing technology that requires significant guardrails. The government seem to view AI as a solutions machine, buying into the hype around it without taking the time to understand it. As policy is properly hashed out in the weeks and months to come, the Liberals' feet will have to be held to the fire on the issue of AI. Canadians must benefit from its limited uses and be protected from its abuses. This article is republished from The Conversation, a nonprofit, independent news organisation bringing you facts and trustworthy analysis to help you make sense of our complex world. It was written by: Jake Pitre, Concordia University Read more: Canada has a chance to lead on AI policy and data governance at the 2025 G7 Leaders' Summit Artificial intelligence should not be allowed to adjudicate cases in Canada's Federal Court AI and criminal justice: How AI can support — not undermine — justice Jake Pitre does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store