OPINION: Ottawa and Carney must get serious and listen to the West
If Prime Minister Mark Carney doesn't listen to the West, it's going to cost Canada.
Alberta Premier Danielle Smith and Saskatchewan Premier Scott Moe are demanding that Ottawa stop stomping on their provinces' natural resource production.
Smith is telling Carney to scrap the 'no more pipelines' law, Bill C-69, lift the cap on Alberta's energy and cancel the looming ban on the sale of new gasoline and diesel vehicles.
Moe is stepping in sync with Smith, listing Saskatchewan's demands in a letter, calling for changes to the 'no more pipelines' law, saying, 'There are a few policies that are going to have to go.'
Moe is also taking aim at the industrial carbon tax, saying, 'The tax can't be charged on the electricity for Saskatchewan families.'
The new prime minister says he's listening.
'I intend to govern for all Canadians,' said Carney in his election victory speech.
If that's true, Carney must heed the demands of Smith and Moe, because Ottawa's anti-West policies are damaging the economy and costing taxpayers a truckload of money.
How much?
Ottawa's cap on oil and gas emissions, which creates a cap on production, will cost the Canadian economy about $20.5 billion and slash 40,000 jobs by 2032, according to the parliamentary budget officer.
Canada has seen nearly $670 billion in natural resources projects suspended or cancelled since 2015.
To put that kind of money into perspective: $670 billion would pay for the salaries of hundreds of thousands of paramedics and police officers for a decade.
That's the equivalent of the value of more than one million houses in Alberta or almost two million homes in Saskatchewan.
That kind of money is worth the entire income tax bills for the populations of Alberta, Saskatchewan and Manitoba for about 10 years.
That's just the lost money from natural resources.
Carney's looming ban on the sale of new gasoline and diesel vehicles also has a huge price tag.
Canada's vehicle transition could cost up to $300 billion by 2040 to expand the electrical grid, according to a report for Natural Resources Canada.
If Carney is serious about boosting the economy and governing for all Canadians, then getting the government out of the way of natural resource projects and scrapping the expensive plan to stop people from buying new gas and diesel vehicles is a good first step.
The West has been firmly asking for Ottawa to mind its own business for years.
Cancelling the industrial carbon tax is another way for Carney to show he's serious about growing the economy and governing for all Canadians.
On the same day Carney scrapped the consumer carbon tax, the Saskatchewan government dropped its industrial carbon tax to zero.
'By eliminating industrial carbon costs, which are often passed directly on to consumers, the province is acting to protect affordability and economic competitiveness,' said the Saskatchewan government's news release.
Alberta's industrial carbon tax is now frozen. Increasing the tax above its current rate would make Alberta 'exceptionally uncompetitive,' according to Alberta Environment Minister Rebecca Schulz.
Business groups in both provinces lauded each premier, saying it would make their industries more competitive and help bring down costs.
When Ottawa forces businesses like fuel refineries or fertilizer plants to pay the carbon tax, they pass on those costs to taxpayers when they heat their homes, fill up their cars and buy groceries.
If companies are forced to cut production or leave the country because of the industrial carbon tax and policies like the energy cap, it's regular Albertans and Saskatchewanians who are hurt the most through job losses.
If Carney intends to govern for all Canadians, he needs to listen to Smith and Moe and scrap the policies that are set to cost taxpayers billions and eliminate tens of thousands of jobs.
Kris Sims is Alberta director and Gage Haubrich is Prairie director for the Canadian Taxpayers Federation
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Politico
16 minutes ago
- Politico
A quiet Tiananmen Square anniversary shows China's ability to suppress history
BEIJING — For most Chinese, the 36th anniversary of a bloody crackdown that ended pro-democracy protests in China passed like any other weekday. And that's just how the ruling Communist Party wants it. Security was tight Wednesday around Beijing's Tiananmen Square, where weeks of student-led protests shook the party in 1989. Under then-leader Deng Xiaoping, the military was sent in to end the protest on the night of June 3-4. Using live ammunition, soldiers forced their way through crowds that tried to block them from reaching the square. Hundreds and possibly thousands of people were killed, including dozens of soldiers. The party has tried, with some success, to erase what it calls the 'political turmoil' of 1989 from the collective memory. It bans any public commemoration or mention of the June 4 crackdown, scrubbing references from the internet. In recent years, that ban has been extended to Hong Kong, where a once-massive annual candlelight vigil is no longer permitted. Police said they brought 10 people on suspicion of breaching public peace to a police station for investigation. Three were still detained late Wednesday, while the rest were allowed to leave. Police also arrested a woman for failing to show her identity document and a man for obstructing police officers from performing their duties. It is only in Taiwan, a self-governing island that is claimed by China but runs its own affairs, that large June 4 gatherings can still take place. Tiananmen Square is a vast space in the center of Beijing with monumental, communist-era buildings along two sides and the mausoleum of Mao Zedong, who founded the communist era in 1949, on the south end. University students occupied this symbolically important site in the spring of 1989. Their calls for freedoms divided the party leadership. The decision to send in troops marked a decisive turning point in the evolution of modern China, keeping the party firmly in control as it loosened economic restrictions. Chinese officials have said the country's rapid economic development since then proves the decisions made at the time were correct. 'On the political turmoil that happened in the late 1980s, the Chinese government has already reached a clear conclusion,' Chinese Foreign Ministry spokesperson Lin Jian said Wednesday. He added that China would continue along its current path of what it calls 'socialism with Chinese characteristics.' Tiananmen Mothers, a group formed by relatives of the victims, made an annual online appeal to the government. Signed by 108 members, it called for an independent investigation into what happened on June 4, 1989, including a list of all who died. The group also demanded compensation for the families and a legal case against those responsible for the deaths. The British and German Embassies in Beijing posted videos commemorating the anniversary on Weibo, a Chinese social media platform, but they were later taken down, presumably by censors. The Canadian and German Embassies displayed images of a single lit candle on large screens facing the main street. In Hong Kong, a carnival showcasing Chinese food and products was held in Victoria Park, where tens of thousands of people used to gather for a candlelight vigil to mark the anniversary. Hong Kong authorities first shut down the vigil during the Covid-19 pandemic and arrested the organizers in 2021. The moves were part of a broader crackdown on dissent following monthslong anti-government protests in 2019 that turned violent and paralyzed parts of the city. A former district council member, Chan Kim-kam, said customs officers questioned her at her shop on the eve of June 4 after she advertised small white candles for sale in an Instagram post titled 'June, we don't forget.' 'You know, Hong Kongers have become silent lambs after 2019,' said King Ng, who was at the park on Wednesday. Police were out in force to try to prevent any protest, and took several people away from the park on Wednesday. They included a young woman wearing a school uniform and holding flowers, a man who lowered his head in apparent prayer, and a man wearing a white T-shirt reading 'Vindication for June 4. It's getting closer and closer.' Police also questioned a woman who lit up a mosquito lamp, but eventually let her go. Rows of electronic candles lit up the windows of the U.S. consulate, and the British consulate projected 'VIIV' — Roman numerals in reference to June 4 — on one of its walls. The British and Canadian consulates earlier posted social media messages about remembering June 4. Hong Kong was a British colony until 1997. The U.S. consulate posted a message from U.S. Secretary of State Marco Rubio on its website. 'The CCP actively tries to censor the facts,' Rubio said, referring to China's Communist Party. 'But the world will never forget.' Taiwan's President Lai Ching-te used the anniversary to position the island he leads on the frontline of defending democracy against authoritarianism. In a Facebook post, he drew a distinction between Taiwan's multiparty democracy and China's one-party rule. 'Authoritarian governments often choose to remain silent and forget about history, while democratic societies choose to preserve the truth and refuse to forget those who have contributed to the ideals of human rights and the dreams they embrace,' Lai wrote. Taiwan transitioned from authoritarianism to democracy in a process that began in the late 1980s. It relies on support principally from the U.S., along with other democratic partners, to deter China from an invasion. Several hundred people gathered Wednesday evening for a candlelight vigil in downtown Taipei's Freedom Square. In the center stood a scaled-down model of the 'Pillar of Shame,' a sculpture commemorating the protests that once stood on the campus of the University of Hong Kong. Hong Kong authorities have placed bounties on some activists who have moved abroad. Other democracy advocates in the semi-autonomous Chinese city remain in jail or intimidated into silence. Wu Lang-huang, a Taiwanese professor who was present when troops arrived on the square in 1989, said he will continue to document what happened and collect related artifacts. 'It's not just about remembering what happened then but also for the lessons it tells us about modern Hong Kong and Taiwan,' Wu said. One of the vigil's organizers, who went by the name Mimi for fear of repercussions, said some may question why people born years after the 1989 protests still care. 'It's about memory, which is itself a form of resistance,' she said.


The Hill
18 minutes ago
- The Hill
Trump promised to welcome more foreign students. Now, they feel targeted on all fronts
To attract the brightest minds to America, President Donald Trump proposed a novel idea while campaigning: If elected, he would grant green cards to all foreign students who graduate from U.S. colleges. 'It's so sad when we lose people from Harvard, MIT, from the greatest schools,' Trump said during a podcast interview last June. 'That is going to end on Day One.' That promise never came to pass. Trump's stance on welcoming foreign students has shifted dramatically. International students have found themselves at the center of an escalating campaign to kick them out or keep them from coming as his administration merges a crackdown on immigration with an effort to reshape higher education. An avalanche of policies from the Trump administration — such as terminating students' ability to study in the U.S., halting all new student visa interviews and moving to block foreign enrollment at Harvard — have triggered lawsuits, countersuits and confusion. Foreign students say they feel targeted on multiple fronts. Late Wednesday, Trump himself took the latest action against international students, signing an executive order barring nearly all foreigners from entering the country to attend Harvard. In interviews, students from around the world described how it feels to be an international student today in America. Their accounts highlight pervasive feelings of fear, anxiety and insecurity that have made them more cautious in their daily lives, distracted them from schoolwork and prompted many to cancel trips home because they fear not being allowed to return. For many, the last few months have forced them to rethink their dreams of building a life in America. Markuss Saule, a freshman at Brigham Young University-Idaho, took a recent trip home to Latvia and spent the entire flight back to the U.S. in a state of panic. For hours, he scrubbed his phone, uninstalling all social media, deleting anything that touched on politics or could be construed as anti-Trump. 'That whole 10-hour flight, where I was debating, 'Will they let me in?' — it definitely killed me a little bit,' said Saule, a business analytics major. 'It was terrifying.' Saule is the type of international student the U.S. has coveted. As a high schooler in Latvia, he qualified for a competitive, merit-based exchange program funded by the U.S. State Department. He spent a year of high school in Minnesota, falling in love with America and a classmate who is now his fiancee. He just ended his freshman year in college with a 4.0 GPA. But the alarm he felt on that flight crushed what was left of his American dream. 'If you had asked me at the end of 2024 what my plans were, it was to get married, find a great job here in the U.S. and start a family,' said Saule, who hopes to work as a business data analyst. 'Those plans are not applicable anymore. Ask me now, and the plan to leave this place as soon as possible.' Saule and his fiancee plan to marry this summer, graduate a year early and move to Europe. This spring the Trump administration abruptly revoked permission to study in the U.S. for thousands of international students before reversing itself. A federal judge has blocked further status terminations, but for many, the damage is done. Saule has a constant fear he could be next. As a student in Minnesota just three years ago, he felt like a proud ambassador for his country. 'Now I feel a sense of inferiority. I feel that I am expendable, that I am purely an appendage that is maybe getting cut off soon,' he said. Trump's policies carry a clear subtext. 'The policies, what they tell me is simple. It is one word: Leave.' A concern for attracting the world's top students was raised in the interview Trump gave last June on the podcast 'All-In.' Can you promise, Trump was asked, to give companies more ability 'to import the best and brightest' students? 'I do promise,' Trump answered. Green cards, he said, would be handed out with diplomas to any foreign student who gets a college or graduate degree. Trump said he knew stories of 'brilliant' graduates who wanted to stay in the U.S. to work but couldn't. 'They go back to India, they go back to China' and become multi-billionaires, employing thousands of people. 'That is going to end on Day One.' Had Trump followed through with that pledge, a 24-year-old Indian physics major named Avi would not be afraid of losing everything he has worked toward. After six years in Arizona, where Avi attended college and is now working as an engineer, the U.S. feels like a second home. He dreams of working at NASA or in a national lab and staying in America where he has several relatives. But now he is too afraid to fly to Chicago to see them, rattled by news of foreigners being harassed at immigration centers and airports. 'Do I risk seeing my family or risk deportation?' said Avi, who asked to be identified by his first name, fearing retribution. Avi is one of about 240,000 people on student visas in the U.S. on Optional Practical Training — a postgraduation period where students are authorized to work in fields related to their degrees for up to three years. A key Trump nominee has said he would like to see an end to postgraduate work authorization for international students. Avi's visa is valid until next year but he feels 'a massive amount of uncertainty.' He wonders if he can sign a lease on a new apartment. Even his daily commute feels different. 'I drive to work every morning, 10 miles an hour under speed limit to avoid getting pulled over,' said Avi, who hopes to stay in the U.S. but is casting a wider net. 'I spend a lot of time doomscrolling job listings in India and other places.' Vladyslav Plyaka came to the U.S. from Ukraine as an exchange student in high school. As war broke out at home, he stayed to attend the University of Wisconsin. He was planning to visit Poland to see his mother but if he leaves the U.S., he would need to reapply for a visa. He doesn't know when that will be possible now that visa appointments are suspended, and he doesn't feel safe leaving the country anyway. He feels grateful for the education, but without renewing his visa, he'll be stuck in the U.S. at least two more years while he finishes his degree. He sometimes wonders if he would be willing to risk leaving his education in the United States — something he worked for years to achieve — if something happened to his family. 'It's hard because every day I have to think about my family, if everything is going to be all right,' he said. It took him three tries to win a scholarship to study in the U.S. Having that cut short because of visa problems would undermine the sacrifice he made to be here. He sometimes feels guilty that he isn't at home fighting for his country, but he knows there's value in gaining an education in America. 'I decided to stay here just because of how good the college education is,' he said. 'If it was not good, I probably would be on the front lines.' ___ AP Education Writer Collin Binkley contributed to this report. ___ The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Yahoo
an hour ago
- Yahoo
This AI Technology Stock Could Be the Best Investment of the Decade
Written by Jitendra Parashar at The Motley Fool Canada If you don't want to get caught reacting to short-term market movements, you may want to invest in long-term growth trends — and few could be as transformative as artificial intelligence (AI). The global AI industry is expected to generate trillions in economic value over the coming years by reshaping everything from enterprise software to automation and cybersecurity. For investors, the goal should be to find companies that aren't just experimenting with AI but are integrating it deeply into scalable, revenue-generating platforms. In this article, I'll highlight a Canadian AI technology stock that could be one of the best investments of the next decade. If you're looking for the top AI technology stock to ride the next wave of digital transformation, Open Text (TSX:OTEX) deserves a closer look. Open Text is currently playing a central role in enterprise AI adoption, helping global businesses automate operations, boost cybersecurity, and extract real-time insights from massive amounts of data. This software firm mainly delivers AI-powered solutions across content management, cloud infrastructure, analytics, and security through what it calls the 'Open Text Aviator' platform. Currently trading at $38.90 per share, OTEX stock has a market cap of slightly over $10 billion and also offers an annualized dividend yield of about 3.7%. While the stock has rebounded by nearly 8% over the last month, it's still down 18% from its 52-week high — making this top AI technology stock look undervalued based on its long-term fundamentals. The recent gains in Open Text stock came after investors reacted positively to its improved margins and strong free cash flow performance. In the most recent quarter (ended in March), it reported US$402 million in operating cash flows and US$374 million in free cash flows, up over 4% and 7% YoY (year over year), respectively. These gains came despite a broader dip in its total revenue, partly due to industry-wide demand volatility and the sale of a business unit that focused on upgrading and connecting older software systems. Nevertheless, the company's cloud revenues have been rising for 17 straight quarters — showing the durability of its subscription model. Notably, Open Text's latest quarterly results reflected ongoing strength in its recurring cloud revenues, even as its total revenue fell on a YoY basis. The company recently launched its new Cloud Editions 25.2 by combining AI, hybrid cloud tools, and cybersecurity features into one enterprise-grade platform. Meanwhile, it's also expanding its business optimization plan with automation and AI investments projected to save up to US$550 million annually. Overall, Open Text is sharpening its focus on high-priority areas like Aviator AI, enterprise content, and next-gen security. Not only could these moves improve its margins, but they may also open up new revenue opportunities in AI-powered solutions. Simply put, Open Text is executing exactly what's needed to thrive in an AI-first era — and that's why it could be the best investment of the decade. The post This AI Technology Stock Could Be the Best Investment of the Decade appeared first on The Motley Fool Canada. Before you buy stock in OpenText, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and OpenText wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has positions in Open Text. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio