Five things you should know before starting your work day on June 13
A happy daybreak to you! Shari Kulha back at the desk, compiling these wee briefs for your morning edification. Unsurprisingly, Trump dominated the news once again, with only Canadian oil breaking the mould.
TrudeauвЂ™s remarks after G7 will cost Canadians вЂњa lot of money,вЂќ Trump warned from Singapore, having been upsetВ by the PMвЂ™s comments; Trump had thought everyone was happy after Charlevoix. Watching TV afterward, he saidВ вЂњ(TrudeauвЂ™s) giving a news conference about how he вЂ?will not be pushed aroundвЂ™ by the United States. And I say, вЂ?Push him around? We just shook hands!вЂќ But, Trump being Trump, he vowed to straighten us out. вЂњAnd it wonвЂ™t even be tough.вЂќ
TALL POPPY SYNDROME
At last, a thumbs-up for Canadian oil вЂ” but, Peter Tertzakian asks, will anybody notice?В Canada is ranked the second most responsible oil producer in the world byВ Berlin-based Transparency InternationalВ вЂ” yet forВ too long, Tertzakian says, self-appointed judges have demoted our oil and gas industry to the bottom of the worldвЂ™s producer list.В Among 28 oil-producing countries that fill almost 90% of the worldвЂ™s oil tanks, we rank only below Norway.
BESSIE & BOSSY
Dairy has emerged as the latest flashpoint between the U.S. and Canada as they renegotiate NAFTA. The sector is worth $21 billion, and Trump complains that tariffs, as high as 314 per cent, are unfair to the U.S.В But, with enough concessions, dairy farmers say, the value of their production quotas, worth about $25,000 per cow, could fall against other countries.
AH, LIFEвЂ™S RICH PAGEANT
How should Canada respond to the Trump-quake? By not being stupid,В William Watson writes.В Trade with the rich folk who live just down the road will always be best for Canada. We should keep our trade and investment policies liberal and get rid of policy stupidities such as supply management, Watson says. But, if we decide we now have to keep supply management because Trump wants us to get rid of it, the craziness is on us.
TrumpвЂ™s trade tirades underscore the need for us to diversify away from the U.S. oil market, CAPP boss Tim McMillan said at theВ Global Petroleum Show in Calgary. вЂњIf there is ever a time to reassess decisions made even a year or two ago, it is now.вЂќ Geoffrey Morgan writes thatВ CAPP is urging government to build pipelines to our east and west coasts.