Finance Minister Dominic Lieblank asked his colleagues with the ministers to set a list of ideas that he can publish in the planned spring budget to fight against American protectionism, a threat that does not show any signs of distance even if Canada had obtained a stoppage of President Donald’s planned tariff.
In a secret note, it was sent to the cabinet ministers and obtained by CBC News, Leblanc writes that he is only ready to consider spending more money on initiatives that respond to “the context of Canada and the current United States” and those that “enhance our national unity”.
It is also open to projects that make life more affordable for Canadians or those who motivate the country’s growth and competitive and productive ability.
“The Canada team must be ready to respond to the threat of unprecedented tariffs from the new American administration and mitigate its effects on the Canadian economy,” Leiplank wrote.
“We are in a decisive moment for our government and our country.”
While Canada got the postponement of Monday when Trump agreed to stop his promised definition by almost all of our goods, this is not the last thing the country witnessed from the unpredictable president.
Trump said in a post on social media that stopping temporarily was just a “initial result” and is still looking for a kind of “final economic deal” with the country.
US President Donald Trump agreed to delay a 30 -day delay in the proposed definitions after Prime Minister Justin Trudeau agreed to appoint drug gangs as terrorist organizations, appoint Caesar Ventianl and increase border security. Despite the agreement, Trump today spent what he wanted from Canada.
There is a possibility that Trump will drop the payment against a tariff of 25 percent and move forward instead with a 10 percent global tariff for goods from all countries after the conclusion of his administration. A study on global trade in April.
Even a 10 percent tax will be very troubled for Canada, given the intertwining of the two economies after decades of liberated trade.
There is also the possibility that LEBLANC does not exceed the federal budget. Prime Minister Justin Trudeau is scheduled to step down after the party chose its alternative on March 9.
The following Prime Minister may choose to go to the elections immediately instead of testing the confidence of the House of Commons when it is scheduled to return on March 24. The federal budget is usually presented at some point in April.
However, Leblanc told his colleagues that if he writes the following budget, it will focus on the laser on the response to the expected “commercial turmoil” and how the government can “provide temporary support” to affected workers and companies.
LEBLANC asked the ministers to submit “no more than three priority funding proposals” to the Ministry of Finance by February 2 – the deadline that was already approved and declined before the threatened Trump tariff entered.
It also states the latest retreat in the cabinet, which indicates that this message was written at some point at the end of January.
This means that the ministers had only days to make concrete proposals to help the country overcome the expected financial and economic storm with Trump at the White House.
“Our focus is on progress and the defense of Canadian interests. Therefore, I rely on each of you to think about our collective needs, beyond the interests of your ministries, and to be disciplined in offering elements to consider it,” says the memo.
Globe and Mail was the first to submit a report on the Leblanc Memorandum.
“The current financial climate is more important than ever focusing on the approach without cost,” such as cutting the red tape, removing barriers to internal trade and investment and “simplifying government operations”.
Commercial barriers under review
While LEBLANC is considered ideas about a federal budget that may never come, there are some other ongoing measures to support the economy if the trade war is fulfilled.
Trudeau and the Prime Minister agreed to destroy some internal barriers to make trade more free in Canada after the American relationship has become less solid than before.
the Internal Trade Committee He meets for extraction List of exhausted regulations This can be dismantled to enhance the flow of goods and workers between the provinces.
Daniel Smith, Prime Minister of Alberta, and Conservative leader Pierre Boulevri, among others, also pay the government Green green energy infrastructure projects Like pipelines.
The expansion project through the mountain was opened through Mountain, which was funded and built by Crown, last year, but the oil sector reinforcements call for this Capable.
To achieve energy independence from the United States, Smith and Poilievre want to revive projects such as the East Enterct pipeline, which has now ended to transfer Canadian Western crude to east points where refineries are still highly dependent on foreign sources.
In 2023, Canada imported approximately 500,000 barrels of oil per day from countries such as Saudi Arabia and Nigeria, although this country has the third largest oil reserve in the world.
The pipelines to help suppress oil to Europe and Asia are also a way to diversify the base of Canada’s customers because, as, as is the case, more than 95 percent of oil exports in the country go to one market: the United States, according to Federation. Government data.
Speaking at an event in Washington on Tuesday, the Minister of Natural Resources Jonathan Wilkenson said that the “shock” of the American trade prompted some “thinking” in Ottawa about the pipelines.
“Perhaps, in some areas, we rely very depend on the infrastructure that only flows across the United States,” he said.
Meanwhile, the conservatives renew them to obtain the liberal federal government to remember parliament immediately even if there is a liberal leadership race to choose Trudo’s replacement.
“Canada faces a crisis, but the liberal party closed our parliament. President Trump has put a 28 -day stand on its definition, but nothing can be considered as a foregone. There is no time to rest. Canada must restore control and the party said in a press statement on Monday: “From our borders, we strengthen our economy and put Canada first.”
Under the Canadian Trade Law, the government can impose a retaliatory tariff on the United States without the approval of Parliament.
The government also maintains that the Federal Cabinet can offer parts of the aid package for workers and companies – if it comes to this – without deputies.
However, conservatives say they want to have an opinion “discussion and look at the responses” of Trump’s threats.
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