logo
Increasing NATO spending a bad look for Canada

Increasing NATO spending a bad look for Canada

Toronto Star3 days ago

Canada's increase in NATO spending is money better spent at home
Carney vows Canada will meet 2% NATO spending pledge this year, June 9
With the Western half of the country on fire, a massive housing and infrastructure shortage, drug epidemic and healthcare crisis, how is it at all responsible to commit to increasing Canada's NATO spending to 2 per cent of GDP?
It is said this increase will cost billions. That's an enormous sum of money that should be put to use addressing the aforementioned issues, which are much more urgent threats to our national 'security' and well-being as a society than anything this NATO spending may address.
Who are we at war with by the way? Other than a trade war with our belligerent neighbours to the south.
Besides, Prime Minister Mark Carney is selling this move as a way of distancing ourselves from the 'unreliable' Americans by moving closer to our European allies. In reality we're trading, allegedly — the Americans are still a NATO member — one unreliable partner for another, as Europe's economy is in shambles as well. He's also making the case this will boost our own homegrown defence industry through new industrial policy, developed in direct partnership with industry leaders.
And herein lies the true aim of this new direction, in my opinion; a massive corporate handout to Canadian defence contractors and firms that will send large portions of this capital to their shareholders and executives.
War is a racket, and Carney is a banker, but I think we should expect more from our government amidst such dire circumstances in the year 2025.
Our children and grandchildren deserve better than fanning the flames of war, especially when our own house is already on fire.
Evan Marnoch, Winnipeg
Canada Post is a cherished national institution
Canada Post effectively 'bankrupt,' federal mediator says in report pushing for weekend delivery, June 4
The ongoing risk of labour action is not about Canada Post being broke, as media outlets keep repeating.
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
It's about the survival of critical public infrastructure.
Canada Post has ignored Canadian Union of Postal Workers (CUPW) recommendations and concerns for years related to loss of parcel service share and proposals to expand services for a revitalized Canada Post. The recent government-initiated report on the company was an industry report. It treats Canada Post as a for-profit company and not what it actually is: a public service.
We've seen this before; it's the standard technique of privatization: 'defund, make sure things don't work, people get angry, you hand it over to private capital.'
CUPW isn't just trying to defend their charter right to bargain, their livelihoods or working conditions: they are trying to defend our cherished national institution. Canada Post serves Canadians from coast-to-coast-to-coast, not just those in densely populated regions like Toronto. It ties us all together.
With a vast and diverse physical infrastructure and millions of daily human interactions, what if we used the Post Office to expand banking services, internet services, wellness checks and emission reductions?
Andria Babbington, Toronto
Passing of Bill 5 a shameful act by Ford's Tories
Doug Ford pushes through rapid development law despite objections of First Nations, June 4
It is appalling the Ontario Tories have passed Bill 5, especially during the month of June, Canada's National Indigenous History Month.
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
This bill provides the Ontario government with sweeping powers to fast-track mining and development projects without any consultation with Indigenous peoples. Premier Doug Ford is ignoring all the harm done in Grassy Narrows decades ago and more recently, when the Reed Paper Company threw toxic waste into the Wabigoon River.
Ford is also violating many of the 94 Calls to Action from the Truth and Reconciliation Commission that demand that governments honour Indigenous treaties.
Furthermore, the Ontario Government has ignored UNDRIP, the United Nations Declaration of the Rights of Indigenous Peoples, which Canada signed in 2021. This calls on all provinces to respect the rights and treaties of Indigenous peoples. In passing Bill 5, Ford and his Ontario Tories have taken Indigenous relations in this province back many decades.
All in the name of speeding up development for his cronies. Shame on them.
Joanne Clarke, Toronto
Carney starting off on the wrong foot
Insiders say Mark Carney could compromise on emissions cap, June 6
Prime Minister Mark Carney's first moves are to continue subsidizing Alberta's oil industry and increase military spending.
So now we know which way he wants to go, and it's sad.
If Canada subsidized renewable energy industries as much as we subsidize the oil industry, Canada could solve its climate change problems and help reduce the number of forest fires. Investing in renewable energy technologies would also increase employment.
If Canada cut military spending in half and invested that money in housing Canada's housing problems could also be solved.
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
As long as billion-dollar oil subsidies and more military spending remain our federal government's top priorities, Canada's problems will continue to grow, all because of lack of investment funding for housing and renewables.
Max Moore, Toronto
Conservatives' blind allegiance to Poilievre galling
Apparently Pierre Poilievre's defeat in the last election has not affected his popularity in the Conservative Party.
He is now asking a duly elected MP in Alberta to relinquish his seat in order to force an expensive by-election. The message delivered by the voters in Ottawa Carleton, a seat Poilievre held for more than 20 years, is being ignored by the true believers who have taken over the Conservative Party.
Is it not obvious those voters in Ottawa who handed him his walking papers had reason to do so? Obviously they did not like his belligerent and mean-spirited tactics. Or maybe it was his and his party's daily use of disruptive and childish tactics in Parliament?
I believe there is a simpler reason: The voters in Ottawa-Carleton saw beyond the 'new' Poilievre with his contact lenses, his better haircut and tailored suits.
They remembered the Poilievre who rushed to the side of the protesters who shut down and terrorized Ottawa for days. Who can forget the photos of him sitting on the bumper of a semi tractor trailer gleefully sharing a beverage with people who were breaking the law, disrupting innocent people's lives for days on end.
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
It amazes me he had the unmitigated gall, the audacity, to ask these same people in Carleton to re-elect him.
I believe if the Conservative Party wishes to keep him in Parliament they will be doing Prime Minister Mark Carney a huge favour.
Richard Murri, Niagara Falls, Ont.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Information about TFSA contribution limits now available, says the CRA
Information about TFSA contribution limits now available, says the CRA

CBC

time2 hours ago

  • CBC

Information about TFSA contribution limits now available, says the CRA

The Canada Revenue Agency (CRA) says it has resolved an issue that prevented people from seeing how much contribution room they had left in their tax-free savings accounts (TFSAs). That information first became unavailable on April 17. CRA spokesperson Charles Drouin told CBC News in an email that the federal agency introduced a new data validation process this year to ensure that tax information submitted to them is accurate. "Upfront validations now advise these filers of errors with their information return submission in real-time and prevent the submission of invalid returns," Drouin wrote. He said the new system would ultimately improve the quality of the data the Canada Revenue Agency receives and allow for any errors to be corrected faster. But he added that "stricter validations and new processes caused delays in receiving and processing the information returns. As a result, there have been delays in processing TFSA annual information returns this year." Each year, Canadians 18 or older get more contribution room in their tax-free savings accounts, which shield investments from taxes. In 2025, for example, the new contribution limit was $7,000. If someone was 18 in 2009 – the year the the savings accounts were introduced – has lived in Canada since then and never contributed to their TFSA, their total contribution limit would be $102,000 as of Jan. 1, 2025. If someone didn't properly track their contributions over the years, though, they could risk going over their limit, which comes with a one per cent interest penalty per month for those funds over the limit. The CRA website notes that posted contribution limits do not take into account any contributions to the TFSA made since Jan. 1, 2025.

Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms
Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms

Winnipeg Free Press

time3 hours ago

  • Winnipeg Free Press

Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms

WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a 'national security agreement' submitted by the federal government. Trump's order didn't detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a 'golden share' — essentially veto power to ensure the country's national security interests are protected. 'We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership,' the two companies said. 'This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.' The companies have completed a U.S. Department of Justice review and received all necessary regulatory approvals, the statement said. 'The partnership is expected to be finalized promptly,' the statement said. The companies offered few details on how the golden share would work and what investments would be made. Trump said Thursday that he would as president have 'total control' of what U.S. Steel did as part of the investment. Trump said then that the deal would preserve '51% ownership by Americans.' The Japan-based steelmaker had been offering nearly $15 billion to purchase the Pittsburgh-based U.S. Steel in a merger that had been delayed on national security concerns starting during Joe Biden's presidency. Trump opposed the purchase while campaigning for the White House, yet he expressed optimism in working out an arrangement once in office. 'We have a golden share, which I control,' said Trump, although it was unclear what he meant by suggesting that the federal government would determine what U.S. Steel does as a company. Trump added that he was 'a little concerned' about what presidents other than him would do with their golden share, 'but that gives you total control.' Still, Nippon Steel has never said it was backing off its bid to buy and control U.S. Steel as a wholly owned subsidiary. The proposed merger had been under review by the Committee on Foreign Investment in the United States, or CFIUS, during the Trump and Biden administrations. The order signed Friday by Trump said the CFIUS review provided 'credible evidence' that Nippon Steel 'might take action that threatens to impair the national security of the United States,' but such risks might be 'adequately mitigated' by approving the proposed national security agreement. Monday Mornings The latest local business news and a lookahead to the coming week. The order doesn't detail the perceived national security risk and only provides a timeline for the national security agreement. The White House declined to provide details on the terms of the agreement. The order said the draft agreement was submitted to U.S. Steel and Nippon Steel on Friday. The two companies must successfully execute the agreement as decided by the Treasury Department and other federal agencies that are part CFIUS by the closing date of the transaction. Trump reserves the authority to issue further actions regarding the investment as part of the order he signed on Friday. ___ Associated Press writer Marc Levy in Harrisburg, Pa., contributed to this report.

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