Yukon to cancel Musk's Starlink, Tesla in retaliation for American tariffs
A Whitehorse resident wears a Canadian flag in her hair during the annual Canada Day parade on July 1, 2023, in Whitehorse, Yukon. (Photo by James Brooks)
Rather than target Alaska in its response to a new round of tariffs levied by President Donald Trump, the Yukon government plans to pick on Trump adviser Elon Musk.
The action stands in contrast to moves taken by other provinces, such as British Columbia, which is considering a bill that could result in tolls on Alaska-bound vehicles.
In a statement Thursday, Yukon Premier Ranj Pillai said the territory will end its satellite Internet contracts with Starlink, a Musk-owned company.
The Yukon has about 90 Starlink contracts, serving isolated road maintenance stations, hospitals, and other facilities.
Electric vehicles and chargers manufactured by Tesla — another Musk-owned company — will no longer be eligible for the Yukon's Good Energy Program, which offers incentives to residents who buy electric vehicles and energy-efficient appliances.
The territory's official communications will switch away from X, the social media platform formerly known as Twitter. That platform is also owned by Musk, who limits news content and uses it to spread pro-Trump positions.
'These measures build on our initial response, which included ending the sale of U.S. alcohol in government-run liquor stores and stopping any new wholesale orders for U.S. liquor,' Pillai said in a news conference.
Pillai said he spoke with Canadian Prime Minister Mark Carney and other provincial leaders early Thursday, and that those leaders intended to take additional actions.
He noted that Alaskans share a close relationship with the Yukon and thanked Sen. Lisa Murkowski, R-Alaska, for voting to end some tariffs that target Canada.
'We want Americans to keep coming here, keep spending money here, keep visiting your friends and family members in the Yukon and in Canada,' Pillai said. 'Show your support for Canada by visiting Canada and by understanding why not as many of us may be in a hurry to come and visit you.'
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Hamilton Spectator
41 minutes ago
- Hamilton Spectator
Canada condemns Iran's attack on Israel, calls for de-escalation: Anand
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'Iran's continued efforts to pursue nuclear weapons, support for terrorists, and direct attacks on civilian centres embody Iran's persistent threat to regional stability and to Israel, which has the right to defend itself. 'Canadians in the region are encouraged to remain vigilant and to register with the embassy in order to receive timely updates.' The Israeli strike involved more than 200 aircraft and about 100 targets, according to Israel's military. Iran confirmed the deaths of three of its top military leaders and launched more than 100 drones at Israel in response. Israel said the drones were being intercepted outside the country's airspace. Israeli leaders described the attack as a pre-emptive strike to head off an imminent threat by destroying Iran's ability to build nuclear weapons. Iran maintains its nuclear program is for civilian purposes only. After a meeting with the National Security Council, Prime Minister Mark Carney told reporters Friday evening that the government was monitoring the situation 'closely.' At this point, Canada has not announced any changes to embassy staffing in Israel and the broader region. Canada closed its embassy in Iran in 2012. The U.S. evacuated some people from its embassy in Iraq before Israel attacked Iran. MP Robert Oliphant, Anand's parliamentary secretary, told reporters Friday that Iran is a 'wild card' in the Israel-Hamas war. '(Iran is) obviously using proxy wars at various times in various places, and so we will never defend Iran while we always stand with the people of Iran,' he said. He said Canadian diplomatic staff in the region are being protected through 'strong measures' but was unable to say whether plans are in the works to pull them out or boost embassy safety protocols. Dennis Horak, Canada's last ambassador to Iran, said that if Ottawa chooses to evacuate embassies in the region, its first step would be to order dependants and non-essential staff to leave. 'There are contingency plans for all of the embassies to have about evacuation plans and things like that, and those will be dusted off and may be reviewed,' Horak said. 'Ideally, out of our embassy in Israel, there would be a desire to get at least dependants out, but again the logistics of that may be challenging.' While Israeli airspace is currently closed, Horak said Canadians could leave by road for Jordan. With Canada hosting the G7 next week, Horak said it's an 'opportune' time for world leaders to discuss the conflict in the Middle East. 'How success would be defined is a whole other story,' he said. 'So I think it's fortunate timing, actually.' Conservative Leader Pierre Poilievre said Israel has the right to act to defend itself by 'disarming' Iran before it has the capability to launch a nuclear strike. 'We should all hope that this is the end of the regime's nuclear program and that the great Persian people can now rise up to reclaim their country from the totalitarian regime,' Poilievre said on social media. 'All levels of government must take extra steps to protect Canada's Jewish community from vile antisemites who may use these events as an excuse for more acts of violence.' NDP foreign affairs critic Heather McPherson condemned Israel's actions in a media statement. 'While we have long condemned Iranian leadership, including the (Islamic Revolutionary Guard Corps), this illegal act by Israel will only provoke further violence,' she said. In a media statement, B'nai Brith Canada called on the federal government to support Israel. 'An Iran armed with nuclear weapons and ballistic missiles is an existential threat to the entire world,' the advocacy body said. 'For years, the Islamic Republic of Iran has worked relentlessly to develop nuclear weapons, arm terrorist proxies with weapons of mass destruction, and openly call for the annihilation of Israel and the West. Yesterday, Israel acted decisively to prevent a global catastrophe.' — With files from Catherine Morrison and The Associated Press This report by The Canadian Press was first published June 13, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
an hour ago
- Yahoo
Why Netflix Should Replace Tesla in the "Magnificent Seven"
Tesla has been a huge winner for investors over the long haul, but the business is dealing with notable issues these days. Netflix continues to report double-digit percentage revenue growth and impressive profitability as it leads the streaming industry. The "Magnificent Seven" isn't an official index, but Netflix deserves to be included over the EV maker. 10 stocks we like better than Netflix › Looking back over the past decade and beyond, I don't think there are many folks out there who would deny just how impressive Tesla's success has been. This innovative business, led by polarizing CEO Elon Musk, disrupted the global auto industry with its electric vehicles (EVs). While the EV stock trades 32% below its peak (as of June 10), that's still a gain of 1,810% in the past 10 years. That long-term performance made it one of the world's largest tech companies, which is why Bank of America analyst Michael Hartnett gave it a spot in the "Magnificent Seven" when he introduced the idea of the group in 2023. However, I think it's time to swap the EV maker out of this unofficial grouping and replace it with the more-deserving Netflix (NASDAQ: NFLX). Over the years, Tesla shareholders grew used to seeing the company register jaw-dropping sales growth. The picture isn't so rosy anymore, though. Its automotive revenue declined 20% year over year in Q1. In 2024, it reported its first-ever year-over-year drop in deliveries. And the company's profitability has continued to slide as higher interest rates and a more competitive environment have put downward pressure on demand for its vehicles. Musk's push in the political arena might at first have been viewed positively by some investors, as he was positioning himself to have more influence in Washington, D.C., which could have benefited Tesla from a regulatory perspective. But both his time in President Donald Trump's inner circle and his more recent exit from politics, as well as his highly public spat with Trump, have been huge distractions that have certainly damaged Tesla's brand instead. It's safe to say that a company that was once in the fast lane is now stuck in traffic. Tesla will have a lot of work to do in order to get back to its prior glory. While Tesla faces a battle to get itself back on track, Netflix continues to flourish. The streaming stock is up 1,200% in the last decade. The company added 41 million net new customers in 2024, bringing its total to nearly 302 million at year's end. While Netflix chose to stop publicly reporting the number of subscribers it has starting this year, it did increase revenue by 12.5% year over year in the first quarter. It might seem like this streaming platform has saturated its market. However, co-CEO Greg Peters believes there are still "hundreds of millions of folks to sign up." By continuing to focus on creating compelling content offerings all over the world, Netflix is in a position to keep its expansion going. Wall Street's consensus analyst estimates are for its revenue to rise at a compound annual rate of 12.3% between 2024 and 2027. The streaming industry, like the automotive market, is extremely competitive. Netflix co-founder and former CEO Reed Hastings previously said that he counts sleep among the company's key competitors. I don't believe this was a stretch. Netflix goes up against all the other activities consumers can do when it's time to wind down and relax. 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Before you buy stock in Netflix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Netflix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix and Tesla. The Motley Fool has a disclosure policy. Why Netflix Should Replace Tesla in the "Magnificent Seven" was originally published by The Motley Fool 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

Miami Herald
2 hours ago
- Miami Herald
Everyone should keep an eye on this Persian Gulf island
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