Four in Five Canadians Believe Old US Relationship Is ‘Over,' Poll Says
An overwhelming majority of Canadians believe the country's relationship with the US has permanently changed, as President Donald Trump's tariffs and sovereignty threats spark widespread fury in the northern nation.
Nearly 80% of respondents to a poll by Nanos Research Group for Bloomberg News agreed with the statement: 'The old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over.'
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Forbes
39 minutes ago
- Forbes
Trump Just Disclosed Earning $57.4 Million From World Liberty Financial—Here's What We Know
President Donald Trump earned $57.4 million from World Liberty Financial, a crypto company he partially owns—as his administration advances policies aimed at boosting the industry—according to a financial disclosure released Friday. President Donald Trump is the 'inspiration' for World Liberty Financial, a decentralized finance ... More platform. Trump is listed as the chief crypto advocate and 'inspiration' for World Liberty Financial, a decentralized finance platform launched in September 2024 with the involvement of his three sons. The company sells a nontransferable token, $WLFI, which allows holders to propose and vote on rule changes. World Liberty Financial earns revenue through token sales and products like USD1, a stablecoin pegged to the U.S. dollar. Trump and his family control about 60% of the company through an LLC that holds 22.5 billion $WLFI tokens and is entitled to 75% of the proceeds from token sales, according to the website's fine print. Spokespeople for the White House, Trump Organization and World Liberty Financial did not immediately respond to requests for comment. Trump can earn income from his businesses while in office through the Donald J. Trump Revocable Trust, the same structure he used during his first term. He is the trust's sole donor and beneficiary. Donald Trump Jr. serves as the trustee, according to filings with the Securities and Exchange Commission. As president, Trump has vowed to make the U.S. the 'crypto capital of the world'—a stance that aligns with his growing personal investments in digital assets. Decentralized finance, or DeFi, refers to blockchain-based platforms like World Liberty Financial that let users lend, borrow and trade assets without relying on traditional banks. These platforms often attract users who lack access to banking, want faster transaction speeds or seek to avoid regulation by financial institutions. A stablecoin—such as World Liberty Financial's USD1—is a cryptocurrency whose value is pegged to a traditional asset, like the U.S. dollar. Stablecoin issuers typically profit by investing users' deposits and keeping any earnings. Like DeFi platforms, they appeal to users looking for alternatives to conventional finance. $2 billion: The amount World Liberty Financial co-founder Zach Witkoff said that MGX, a UAE-backed fund, would invest in the crypto exchange Binance using the USD1 stablecoin (Binance is not affiliated with Trump). Sens. Elizabeth Warren, D-Mass., and Jeff Merkley, D-Ore., accused World Liberty Financial of serving as 'a staggering vehicle for corruption' regarding the MGX deal. 'By using USD1 to finance the MGX-Binance deal, a foreign government backed entity and a foreign corporation that pleaded guilty to criminal violations of U.S. anti-money laundering and sanctions laws are effectively cutting the Trump and Witkoff families into the deal to the tune of hundreds of millions of dollars.' An ethics white paper the Trump Organization released in January noted the Constitution does not bar a president from owning, operating or managing a private business. But to 'avoid even the appearance of any conflict,' the company said it hired an outside ethics adviser and Trump pledged to continue to keep his assets in a trust and not manage the company directly. (The Trump Organization, however, has since fired that adviser at Trump's instruction.) Trump's support for World Liberty Financial is already being used to bolster the company's global credibility—and possibly help attract business from foreign governments. When Pakistan's government announced a partnership between the firm and its national crypto council, it said in a press release, 'World Liberty Financial is backed by the Trump family, including President Donald Trump and his sons—Eric Trump, Donald Trump Jr., and Barron Trump. President Trump has personally endorsed WLF.' A group of nine Senate Democrats pulled their support for a crypto-friendly bill in early May, citing conflict-of-interest concerns over World Liberty Financial's business ties with the Emirati-backed firm, according to The New York Times. They later introduced the End Crypto Corruption Act, which would ban presidents and other officials from 'issuing, endorsing or sponsoring crypto assets.' The courts never ruled during Trump's first term whether a foreign government paying the president through one of his businesses violated the Constitution's emoluments clause, which prohibits government officials from accepting 'any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State' without the consent of Congress. In fact, the courts never even settled who had legal standing to bring such a case—leaving one of the most consequential constitutional questions of Trump's presidency unresolved. Trump's embrace of crypto is a 180 from his position in 2021, when he told Fox Business, 'I don't think we should have all of the bitcoins of the world out there. I think they should regulate them very very high.' Chinese blockchain entrepreneur Justin Sun invested $30 million in World Liberty Financial tokens just weeks after Trump's election. Soon after Trump's inauguration, the SEC asked a judge to pause its fraud case against Sun to 'explore a potential resolution.' Forbes estimates Donald Trump is worth about $TKTKTK billion, with much of his wealth coming from his shares in Trump Media. Trump Businesses Hauled In $317,000 From RNC In March—Even As Crypto Ventures Soar (Forbes) Trump Organization Admits President Still Controls His Business In New Filing (Forbes) How Truth Social And Crypto Helped Trump Double His Fortune In Just One Year (Forbes) Trump's Golf Courses Keep Pushing Legal Boundaries With Presidential Seal Markers (Forbes) DeFi, Trump Style: A Family Circus (Forbes) Trump's Business Hired More Foreign Workers Than Ever In 2024 (Forbes) Trump Store Debuts Merchandise Collection Pegged To Election Victory (Forbes)
Washington Post
40 minutes ago
- Washington Post
Trump watches the parade of his dreams
President Donald Trump got the parade he always wanted Saturday — a grand demonstration of military might and patriotic zeal that took place along the National Mall on his 79th birthday. But it fell on an overcast day that capped one of the most tumultuous weeks of his presidency — with troops deployed on the streets of the country's second largest city, bombs launched in the Middle East and, less than 24 hours before the parade began, a targeted killing of a state lawmaker and her spouse in Minnesota. Amid all that domestic and foreign turmoil, the procession of weapons, like so much else in America's politics, was subject to divergent interpretation. Supporters saw a celebration of stability and order while Trump's detractors saw the promotion of violence and authoritarian power. Trump got the parade started after being greeted by a 21-gun salute and the strains of 'Hail to the Chief' as he took his seat in a reviewing stand. A group nearby began singing 'Happy Birthday,' marking either his 79th or the Army's 250th — it was unclear. But the cheering for the president was not quite the overwhelming celebration that occurs at his political rallies. He looked on as troops dressed in historical uniforms passed on horses, bombers did flyovers overhead, and members of the Golden Knights parachute team fell from the sky. He applauded at moments, rose and saluted the troops passing by at others. Later in the evening, he was expected to deliver a speech and swear in recruits. Parade-goers leaned on metal barricades and sprawled onto the grass, although crowds along the parade route by the Washington Monument were relatively thin. Even bleacher seating for VIP guests, positioned directly across from a riser for news cameras, remained half-empty throughout the program. Americans' differing reactions were evident even before the troops began marching, tanks began rolling and helicopters flew overhead — with deep divisions over whether any of it was a good idea. Paul Brown, a 57-year-old Army veteran, traveled two days earlier from Adams County, Ohio, and spent the day on the National Mall dressed in an Afghanistan war veteran hat and a T-shirt featuring a photo of the president that read 'Jesus is my savior, Trump is my president.' 'We absolutely got somebody in there who gives a s--- about the military,' Brown said of Trump being in office. 'These parades should have been going on for years.' Around the country, protesters were out, including at spots that have been important to Trump, including his Trump Tower in New York and his Mar-a-Lago vacation home in Palm Beach, Florida. 'I feel the erosion of democracy. I feel taken away from due process,' Debbie Ziev, a 79-year-old attending her first protest, said on the historic boardwalk in Atlantic City, where Trump built hotels and casinos. 'I felt strongly about Vietnam, but I think I feel more strongly about [Trump] going forward, with my children and grandchildren, because he's ruining the country. He's dividing us. He's causing people not to talk to each other.' Nearly two-thirds of American adults, 64 percent, said they opposed using government funds to throw the military parade, according to a new poll from NBC News Decision Desk powered by SurveyMonkey. The results tracked along party lines, with most Democrats and independents — 88 percent and 72 percent, respectively — opposing the use of government funds for the parade and 65 percent of Republicans supporting it. The parade was designed to compete with the grandeur that Trump witnessed in foreign countries and carry the muscular showmanship he's cultivated over the years. He craves the pomp, loves the circumstance, and revels in the attention. 'We want to show off a little bit,' he said Tuesday. Throughout the week leading up to the parade, the military has been at the center of almost everything. Even the musical Trump watched at the Kennedy Center on Wednesday night, 'Les Misérables,' featured a political uprising and armed rebellion, with Trump openly unsure of which side's main character he most identified. It was a week where he oversaw the militarization of parts of the country and the politicization of parts of the military. And it came on a day with clashes of culture, as streets and squares around the country were filled for a 'No Kings' day of protest, and hours after a new spasm of political violence, in which a gunman fatally shot the top Democrat in the Minnesota House in what Gov. Tim Walz (D) called a 'politically motivated assassination.' Throughout the day, Trump remained in the White House and held a call from Russian President Vladimir Putin, where over an hour, Trump later said, he received birthday wishes and spoke about the conflict between Israel and Iran. On the National Mall, there were displays of military equipment and fitness competitions among soldiers, all staged as part of the 250th anniversary of the Army. But elsewhere, both in the Washington area and around the country, demonstrators were flocking into public spaces and holding 'No Kings' signs to denounce what they view as Trump's authoritarian tactics and his disregard for the Constitution. The military parade Saturday night was done with direct input from Trump. He had specifically requested aircraft and other equipment, aiming to capture the full might of the armed forces, according to White House officials. The event was set to be one of the grandest since he took office for his second term, a spectacle that federal government and military officials have spent months attempting to fulfill an ambitious and grandiose vision for celebrating the country and its military. His inauguration was moved indoors due to cold weather, and he was returning to the National Mall for the first time in years. His viewing stand was near the Ellipse, not far from the event held on Jan. 6, 2021. It fulfilled a desire that he initially expressed more than eight years ago when he was taking office the first time. 'We're going to show the people as we build up our military,' Trump said in an interview with The Washington Post before his first inauguration in January 2017. 'That military may come marching down Pennsylvania Avenue. That military may be flying over New York City and Washington, D.C., for parades. I mean, we're going to be showing our military.' But he was largely rebuffed by past military leaders, who worried about costs and said it ran against an American tradition of avoiding public displays of martial strength. Those kinds of displays, they pointed out, were more common in authoritarian regimes, such as the former Soviet Union's Red Square celebrations or North Korean leader Kim Jong Un's missile processions. The year-long planning effort, which grew significantly in ambition over the past few months, culminated one week after Trump's decision to send in National Guard troops in California to quell protests over his immigration policies. Earlier in the week, he threatened to deploy the military elsewhere in the country if additional anti-ICE protests erupted. Trump also traveled to Fort Bragg, North Carolina, on Tuesday for an event that was meant to kick off the week's celebration of the Army's birthday, with military demonstrations and flyovers. But it turned into a political rally that some military officials later said made them uncomfortable and concerned. With a crowd of camouflaged soldiers behind him, Trump said that those who burn the U.S. flag should be jailed, even though that runs afoul of First Amendment protections established by the Supreme Court. He taunted the news media and he ridiculed his political opponents, triggering boos of agreement from the crowd. 'You think this crowd would have showed up for Biden?' Trump said at one point, to laughter and boos. 'I don't think so.' The event at Fort Bragg was organized by America250, the same group overseeing the parade, and Saturday night was the next opportunity to see whether anything had been learned from earlier in the week. Elahe Izadi in Atlantic City contributed to this report.
Hamilton Spectator
an hour ago
- Hamilton Spectator
Canada condemns Iran's attack on Israel, calls for de-escalation: Anand
OTTAWA - The Canadian government is condemning an Iranian attack on Israel after a barrage of long-range missiles was launched at Tel Aviv in retaliation for an Israeli strike in Iran. Israel attacked Iranian missile and nuclear sites Friday and Iran warned of 'severe punishment' before launching its missiles in response. Foreign Minister Anita Anand said Canada is urging restraint on both sides and that further actions could cause 'devastating consequences' for the broader region. Anand said the U.S.-Iran negotiations represent the best path to achieving a 'lasting and peaceful resolution' to Iran's nuclear program, adding that diplomatic engagement remains essential to ensuring long-term regional stability and international security. 'Iran cannot obtain nuclear weapons,' Anand said on social media Friday evening. '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 .
