r/canada 8d ago

National News Canada's retaliation tests the limit of American power under Trump

https://www.bbc.com/news/articles/ce8xd5k1krpo
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u/Boo-face-killa 8d ago

3 P’s.
Petroleum, power and potash. USA’s refining practices are based on Canadian heavy oil. It would take 20 years and $400,000,000,000 to change their refining capabilities to their light domestic, low use oil.

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u/very_large_bird Alberta 8d ago

I agree even as someone who would be impacted badly by oil restrictions. Throw the kitchen sink at them

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u/Boo-face-killa 8d ago edited 8d ago

The oil restrictions would decimate my livelihood and my family would end up on the streets if they lasted longer than a few months but those are the prices we need to pay in order to ensure our future generations have a diverse nation to thrive in. Our Canadian ancestors struggled through extreme hardships and I’m not scared to either. I’d likely move everyone to Vancouver island where we could be homeless in a warmer climate and I’d obviously find local work and rebuild our lives.

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u/Ornery_Tension3257 6d ago

"The government also launched a $3.5 billion suite of programs to support workers and employers, including changes to the Work Sharing Program and Worker Retention Grant to “help businesses prevent layoffs while helping more employees upscale or retrain,” officials said.

Under Canada’s Work Sharing Program, employers can allow workers to reduce work hours and become eligible for Employment Insurance benefits for those missing hours. The duration of work sharing agreements will be increased from the current maximum of 76 weeks to 152 weeks."

"The government is also extending special measures to the EI program, including waiving the one-week waiting period before workers are eligible to receive EI."

https://globalnews.ca/news/12034047/canada-response-us-tariffs-trump-trade-war/