Tag Archives: trade

Canada Continues to Defend Sovereignty with “Elbows Up”

Peace Tower at Parliament Hill in Ottawa

America openly threatened Canadian sovereignty last year and has engaged in a planned economic destruction of the nation. The Republican Party views the entire hemisphere as theirs and is actively invading or influencing political operations in sovereign countries. Canadians do not like the stance that their ally has taken; and to make their concerns heard they have launched a boycott of the USA. It’s working. The American economy is being hurt by Canadians not buying their booze and not visiting the nation.

Where’s the good news in this? It’s working. Canadians have made it clear to the American government that we are not to be trifled with and that sovereignty is important to us. Canadians are not giving up either.

The shift has affected everything from what brands Canadians buy to where they vacation to how they vote. There are economic implications on both sides of the border that policymakers are taking into account. Polling suggests the altered behavior won’t change anytime soon.
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“We’ve always seen the U.S. as a very strong and reliable ally,” said Michael Devereux, an economics professor at the University of British Columbia in Vancouver. “That has really been undermined in the last year.”

Canadians began moving their food purchases away from the U.S. starting in early 2025, a data analysis released last month from the Bank of Canada found. Domestic brands gained wallet share as retailers and liquor stores encouraged shoppers to instead buy Canadian

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Fighting Myths of the 1%

Office room

Income inequality has been growing since the 2008 self-inflicted bank chaos, indeed that banking stupidity from 2008 accelerated the growing gap. The inequity was so obvious that the Occupy Wall Street protests took the streets and the public consciousness of “the 1%” grew out of it. Sadly, politicians failed to address the root causes of the 2008 crisis. Not all hope is lost, we know what to do fight inequality – we just need to do it.

The New York Times took a look into the debate around inequality and set out to bust some myths about what works and what doesn’t.

No, It’s Not Trade

A rise in international trade — as a share of G.D.P., measured as either imports or exports using data from the Penn World Tables — is associated with equality, not inequality. The United States imports only a small fraction of the value of its total economy, whereas Denmark and the Netherlands are highly dependent on imports.

Or the Rise of Information Technology

Countries with higher rates of invention — as measured by patent applications filed under the Patent Cooperation Treaty, an indicator of patent quality — exhibit lower inequality than those with less inventive activity. As it happens, tech industries in the United States have contributed just a tiny bit to the rise of the 1 percent, and the salaries of engineers and software developers rarely reach the 1 percent threshold of an annual income of $390,000.

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Respecting Human Rights When Negotiating Trade Deals

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Donald Trump ran a campaign that championed the need to renegotiate the North American Free trade Agreement (NAFTA) to better help Americans. Trump’s erratic behaviour means we won’t know if NAFTA will ever be renegotiated, however the need to talk about trade in a new lens is needed (of course, we have no idea what Trump would want to change in NAFTA). Ed Broadbent has been calling for Canada to put people first when discussing trade with other countries, including NAFTA. Historically, trade deals (NAFTA, WTO, CETA, etc.) have the sole goal of making companies richer at the cost of environmental protections and human rights. This has sent global civilization on a race to the bottom.

Broadbent argues this does not need to be the case; we can use trade deals to help people and the environment.

The coming renegotiation of the North American free-trade agreement and the possibility of a trade and investment deal with China should not be occasions to replicate past errors. Rather, they should be used as an opportunity to address this serious democratic deficit. While job losses and the shift of income from wages to profits have been in part due to technological change, the latest report of the International Monetary Fund’s World Economic Outlook notes that global competition has also produced a drop in the share of labour income in middle-class jobs in advanced economies as well as a drop in the workers’ share of income within developing countries. Together with the decline of unions, such competition has contributed to the marked rise in inequality within most countries around the world.

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In renegotiating NAFTA and pursuing trade talks with China, Canada should avoid, not repeat, the errors of past trade agreements. Why should agreements provide effective enforcement mechanisms to protect the property rights of corporations but deny the human rights of workers? Why should we protect the one per cent at the expense of the majority?

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Ontario Joins California and Quebec’s Cap and Trade Program

Ontario is launching a cap and trade carbon program that matches with the existing programs in Quebec and California. This is a good thing for adoption of carbon-conscious economics even if the system isn’t perfect. The program is being praised by Greenpeace and other environmental NGOs.

And this program is happening despite the obvious incompetence of Canada’s federal government, including their support of the shameful tar sands.

The plan would increase the scope of the market to 61 million people and half of Canada’s economy.

Premiers and territorial leaders are poised to meet in Quebec City Tuesday to discuss an environmentally responsible Canadian energy strategy, which they agreed to in Charlottetown last August. Their goal is to flesh out the strategy before UN climate talks in Paris in December.

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New York State Bans Ivory

New York state has amended its existing ivory trade bans to make it harder for illegal ivory traders to practice their trade. This is good news as too many elephants are killed (or otherwise harmed) for their ivory which is used to make decorative objects or crushed to become a health product (which has no actual health benefits). Way to go New York!

The legislation amends the state’s environmental law to ban elephant ivory sales with only a few exceptions for antiques with small amounts of ivory, certain instruments made before 1975, and transfers for educational and scientific purposes or through the distribution of estates.
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New York is the number one importer of elephant ivory into the United States. This state legislation will enhance federal efforts to tighten the elephant ivory trade ban on a federal level. Large-scale poaching of elephants and trafficking in ivory presents enormous economic and security challenges across Africa and beyond. The illegal ivory trade both flourishes from and contributes to a climate of instability and lawlessness in many African elephant range states, in which humanitarian crimes have risen dramatically.

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Read more about how IFAW is ending the Ivory Trade.