Gunter: Trudeau cost Canada a chance to get into global LNG game — Trump and U.S. are reaping the benefit
Last Sunday, at President Donald Trump's golf resort in Scotland (a.k.a. King Donald's summer palace), Ursula von der Leyen, president of the European Union pledged European countries would buy US$750 billion (over $1 trillion Canadian) of U.S. energy – largely LNG – over the next three years in return for Trump promising to impose only 15% tariffs on the union's member states.
Article content
Article content
Boy, those American and European trade negotiators must be dunces. Don't they know that three years ago, then-German Chancellor Olaf Scholz made a special trip to Canada to ask our government to sell tens of billions in LNG to his country? Our economic genius of a prime minister, Justin Trudeau rejected Scholz's request because 'there is no business case' for selling LNG to Europe.
Article content
Article content
Article content
This past Thursday, the South Koreans made a similar deal with the U.S. — $100 billion (about $138 billion Canadian) in energy over four years, primarily LNG.
Article content
What's wrong with these countries? Can they not see that the greatest economic mind of the 21st Century, Justin Pierre James Trudeau, had decreed it was foolhardy to sign such agreements?
Article content
Article content
The U.S. deals with the EU and Korea just for LNG are worth about $800 billion Canadian over the next four years. The rest of the sales are for oil and nuclear fuels.
Article content
Article content
A good part of that market might have been Canada's had we not been ruled by a 'green' dreamweaver and eco-cultist who prevented this country from jumping into the world LNG market early in the game.
Article content
Now the Americans have sucked up a lot of the oxygen in the room, and it will be hard for Canada to get a foothold, even if current Liberal Prime Minister Mark Carney gets off his duff and agrees to more pipelines and LNG ports.
Article content
Trudeau's thinking (which remains Carney's thinking until the current Liberal government does more than just talk a good game) cost Canada at least $400 billion in investment during the Trudeau decade, drove down our per capita income, dropped us out of the 25 richest countries in the world, distorted our housing market and drove up prices and unemployment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
25 minutes ago
- Toronto Star
Trump's politically motivated sanctions against Brazil strain relations among old allies
SAO PAULO (AP) — U.S. President Donald Trump has made clear who his new Latin America priority is: former Brazilian President Jair Bolsonaro, a personal and political ally. In doing so, he has damaged one of the Western hemisphere's most important and long-standing relationships, by levying 50% tariffs that begin to take effect Wednesday on the largest Latin America economy, sanctioning its main justice and bringing relations between the two countries to the lowest point in decades.
Cision Canada
25 minutes ago
- Cision Canada
Gold Eyes $3,500 as Miners Race to Unlock High-Grade Ounces Before Year-End
Issued on behalf of RUA GOLD Inc. VANCOUVER, BC, Aug. 5, 2025 /CNW/ -- Equity Insider News Commentary – The upward momentum for gold price projects continues, as the precious metal opened the week above $3,400 after a recent labor data revision. Analysts continue to adjust their gold price forecasts, with the next three months looking to hit $3,500, with Fidelity projecting a potential $4,000 per ounce price by year-end. And it's not just the bullion dealers that stand to benefit, as gold mining majors are already publicly stating they expect bumper profits as gold's prices and volumes surge. In response, gold miners as a group are leading in gains on spot price on the weak US jobs data, leaving an opportunity for retail investors in the market to take a better look at miners making moves as of late, such as RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Dundee Precious Metals (TSX: DPM) (OTCPK: DPMLF), Gold Resource Corporation (NYSE-American: GORO), Nova Minerals Limited (NASDAQ: NVA), and Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF). According to a recent report from Reuters, the TSX is currently approaching its own recent record high, as gold mining shares continue to climb. As gold flirts with all-time highs and silver rips through multi-year resistance, investors are beginning to rotate into junior miners as the next logical phase of the precious metals bull run. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) just announced a major expansion to its Reefton drill campaign, mobilizing a third rig and targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end. The company is also initiating deeper drilling at Cumberland and advancing Alexander River as a third priority asset—all part of a 12-month strategy aimed at fast-tracking permitting and transitioning from explorer to developer. "We closed Q2 2025 with $14 million in the treasury, placing us in a strong position to execute on our aggressive exploration plan in New Zealand," said Robert Eckford, CEO of RUA GOLD. "As our gold-antimony resource continues to grow rapidly—and with antimony at the top of every nation's critical minerals list—the significance of this expansion is substantial." The Reefton Goldfield is a historically prolific district that produced more than 2 million ounces at grades up to 50 g/t. RUA GOLD now controls 120,000 hectares (roughly 95%) in the area and has confirmed multiple stacked mineralized shoots at Auld Creek, including a standout intercept of 2.1 m at 64 g/t AuEq (5.5 g/t gold and 13.1% antimony). New modeling work is underway ahead of a resource update, while two rigs continue testing depth and lateral continuity. Antimony continues to be a major tailwind for the company's positioning, with prices surging past US$50,000 per tonne in 2025 following China's export restrictions. New Zealand has formally designated it as a critical mineral, adding further significance to RUA GOLD's dual-commodity profile at Auld Creek. Surface samples have returned over 40% Sb, and several drill holes exceed 8%—grades rarely seen this early in a project's development cycle. Three kilometres south, RUA GOLD has put a third drill rig to work at Cumberland, following up on strong recent hits such as 1 m at 26.9 g/t, and earlier assays of 62.2 g/t and 1 m at 1,911 g/t within the Gallant vein system. This AI-generated target has confirmed shallow continuity along a 600 m strike, with additional step-outs in motion across a 2.5 km corridor. Meanwhile, at Alexander River, modeling is underway to build on a 130,000 oz inferred resource grading 4.1 g/t. The zone hosts 1.2 km of outcropping mineralization and returned historical production of 41,000 oz at 26 g/t before World War II halted mining. Targets at Caledonia and other regional zones are also in development. On the North Island, drill access applications have now been submitted for RUA's Glamorgan project in the Hauraki Goldfield—home to the 10 Moz Martha mine. Glamorgan's 4 km gold-arsenic anomaly has been refined using CSAMT surveys and VRIFY's DORA AI engine, with drilling expected to begin in Q4. "Over the past month, our Board and Management team have been focused on shaping the Company's strategy to transition us from an explorer to a developer," added Eckford. "With New Zealand's highly supportive permitting regime, our goal is to rapidly build ounces on our balance sheet and enter the 'Fast Track Permitting Process' in 2026." With a disciplined burn rate, $14 million in cash, and a leadership team behind US$11 billion in prior exits, RUA GOLD is well-positioned to deliver meaningful discovery growth and advance permitting across both islands. The current multi-rig program aims to stack near-surface ounces at scale—across gold, antimony, and future targets shaped by AI and legacy-grade geology. In other industry developments and happenings in the market include: Dundee Precious Metals (TSX: DPM) (OTCPK: DPMLF) recently reported record free cash flow of US$85.7 million and adjusted net earnings of US$51.5 million for Q2 2025, driven by strong production at both the Chelopech and Ada Tepe mines. "We continue to consistently deliver robust free cash flow, generating a record $174 million year-to-date, further strengthening our financial capacity to fund growth," said David Rae, President and CEO of Dundee. "At the same time, our investors are benefiting from our low-cost, high-margin gold production as we continue to return capital to shareholders, demonstrated by the repurchase of a record 10 million shares during the first half of the year. The company sold 72,700 ounces of gold and 6.9 million pounds of copper during the quarter, while also advancing its Loma Larga permitting process in Ecuador. With a debt-free balance sheet and over US$500 million in liquidity, Dundee also reaffirmed its 2025 production guidance and declared a quarterly dividend of US$0.05 per share. Gold Resource Corporation (NYSE-American: GORO) recently announced improved operational metrics and new high-grade drill results from its Don David Gold Mine in Oaxaca, Mexico. Notable intercepts include 7.3 g/t gold and 280 g/t silver over 5.2 metres in the Switchback vein, and 9.2 g/t gold over 1.9 metres in the Arista vein system. "Consistent high-grade drill intercepts, along with an improved understanding of the geology, have allowed us to build more confidence in the mine plan of the Three Sisters system and reinforcing its role as a key contributor to future mine production," said Allen Palmiere, President and CEO of GORO. "In addition, we are excited about the potential benefits from bringing in an experienced mining contractor along with their new equipment, while changing out some of our old fleet with good used equipment to improve our efficiencies and returns. We remain focused on integrating the Three Sisters system into our short-term mine plan while continuing to advance exploration efforts aimed at driving sustainable growth and maximizing shareholder value." The company reduced all-in sustaining costs by 9% quarter-over-quarter and reported strong underground development progress across multiple zones. Nova Minerals Limited (NASDAQ: NVA) has released new metallurgical test results from its RPM deposit at the Estelle Gold Project, showing strong recoveries using a combined flowsheet approach. Ore sorting achieved a 4.33x grade increase—from 1.32 g/t to 5.72 g/t—in a single pass, while heap leach tests on lower-grade material delivered gold recoveries up to 68.7%. "We are extremely pleased with the results emerging from our ongoing metallurgical test work program at the RPM Deposit, which we believe continues to demonstrate the exceptional quality and scalability of the Estelle Project," said Christopher Gerteisen, CEO of Nova Minerals. "The ability to extract up to 68.7% gold recovery from lower-grade material through heap leaching, combined with a 4.33 times upgrade using ore sorting technology, is a significant technical breakthrough, in our opinion. These results underscore the economic potential through innovative processing methods as we continue to refine our development pathway." The company says these results support its strategy of combining CIP/CIL processing with ore sorting and heap leaching to maximize project economics ahead of its upcoming prefeasibility study. Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) recently announced it had produced 11,437 gold equivalent ounces at its Minera Don Nicolás Mine in Q2 2025, with underground development at the Paloma pit now underway and expected to ramp up in H2. "As the heap leach continues to ramp up to its fully expanded capacity, we continue to be confident in our full year expectations as the underground operations ramp-up in H2/25," said Mark Brennan, CEO and Chairman of Cerrado. " Cerrado also continued to progress both the Lagoa Salgada project and the Mont Sorcier projects towards completion of feasibility studies by Q3/2025 and Q1/2026 respectively, which we believe should demonstrate substantial value being unlocked by Cerrado's development projects." Heap leach upgrades and a 20,000m drill program are in progress to boost recovery and expand resources, while exploration drilling has already intercepted new vein structures. The company is also advancing feasibility work at its Lagoa Salgada and Mont Sorcier projects, with updates expected later this year. CONTACT: Equity Insider [email protected] (604) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Media Corp. ("BAY"), who has been paid a fee by a third-party, Sidis Holdings Limited ("Sidis") for an advertising contract between Sidis and RUA Gold Inc.. MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of Sidis has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Winnipeg Free Press
25 minutes ago
- Winnipeg Free Press
Fact Check: A look at White House claims about Canada's fentanyl fight ‘failure'
The United States made good on its promise to slap hefty tariffs on Canada Friday as the countries failed to reach a trade deal by U.S. President Donald Trump's deadline. A fact sheet from the White House said Canada's 'failure' to address the opioid crisis was part of the reason for going ahead with the 35 per cent tariffs on certain goods from Canada. Here's a look at some of the claims made in the White House announcement, as well as the facts behind them: CANADA'S DRUG ENFORCEMENT 'FAILURE' 'Given Canada's continued failure to arrest traffickers, seize illicit drugs, or co-ordinate with U.S. law enforcement … further presidential action is necessary and appropriate to protect American lives and the national security and foreign policy of the United States,' the White House fact sheet states. THE FACTS In December, after the newly elected Trump began to press Canada about the flow of fentanyl into the United States, Canada pledged to invest $1.3 billion to bolster security at the border and strengthen the immigration system. A fentanyl czar, Kevin Brosseau, was appointed in February to co-ordinate the response. Since then, the federal government says it has invested heavily in fighting illicit drug production and trafficking, including another $200 million to target organized crime, enhanced border surveillance and staffing, 15 surveillance towers and other detection tools added to ports of entry. Canada has also deployed at the border new drones, four Black Hawk helicopters and a specialized plane for aerial surveillance, which collectively utilize infrared, heat-seeking and other advanced detection capabilities. The Canadian government says it's teaming up with the United States through a variety of joint efforts. 'Canada and the U.S. count on each other to share information, identify and protect against threats,' the Canada Border Services Agency told The Canadian Press in a statement. 'The CBSA and (U.S. Customs and Border Protection) each have officers embedded in our respective targeting centres and regularly share intelligence as well as several dedicated liaison officers working out of Canada's embassy in Washington, D.C.' The agency also pointed to its investigation in February and March, Operation Blizzard, which led to more than 2,600 seizures of suspected narcotics and precursors across the country transported through postal shipments, air cargo and shipping containers. The seizures included 1.73 kilograms of fentanyl, of which 1.44 kilograms were headed to the United States. Of the total drug seizures, the agency said, just 17.5 per cent was destined for the United States while 67.5 per cent had entered from south of the border. From Jan. 1 to April 30 this year, the agency said it seized 2.14 kilograms of fentanyl headed for the United States and 28 grams headed from the United States into Canada. Canadian law enforcement has shut down 47 fentanyl labs since 2018, data from Brosseau's office shows. SEIZURES AT NORTHERN BORDER The fact sheet says fentanyl seizures at the northern border this fiscal year 'have surpassed total seizures of the past three years combined.' THE FACTS U.S. Customs and Border Protection data shows 33.6 kilograms, of fentanyl has been seized at the northern border so far in fiscal year 2025, which ends Sept. 30. That is indeed more than the combined 26.8 kilograms seized in the 2022, 2023 and 2024 fiscal years, but it pales in comparison with the amount of fentanyl seized at the border with Mexico. The same data shows around 3,992 kilograms of fentanyl has been seized at the southwestern border of the United States so far this fiscal year. The amount of fentanyl seized coming into the United States through the northern border is 0.8 per cent of the total amount of fentanyl seized by border enforcement this fiscal year. DRUG POTENCY The White House claimed the amount of fentanyl seized at the Canadian border in the 2025 fiscal year 'could have killed more than 16 million Americans due to the drug's potency.' THE FACTS The United States Drug Enforcement Administration estimates that around two milligrams of fentanyl could be lethal. By that measure, the 33 kilograms seized at the Canadian border potentially could kill 16 million people. However, the actual number of opioid overdose deaths in the United States is measured in the thousands, not millions. Provisional data from the U.S. Centers for Disease Control and Prevention shows synthetic opioid deaths in the United States are trending downward, with 46,651 deaths recorded over the 12 months ending January 2025, compared with 72,718 in the previous 12-month period. This report by The Canadian Press was first published Aug. 5, 2025.
