Experts say that concerns about sovereignty have made Ottawa reluctant to let allies operate in the region.
Britain is signalling its interest in working with the Canadian military in the Arctic by offering to take part in cold-weather exercises and bring in some of its more advanced capabilities — such as nuclear-powered submarines — to help with surveillance and defence in the Far North.
In a recent exclusive interview with CBC News [video], the United Kingdom's top military commander said his country is "keen to cooperate" and learn more about how to survive and fight in a cold, remote setting.
Gen. Sir Nick Carter said Britain would also like to "cooperate in terms of helping Canada do what Canada needs to do as an Arctic country."
The offer was quietly floated months ago in government circles. Experts say, however, that successive Canadian governments have been reluctant to allow anyone — even close allies — to become too deeply embedded in the region.
The Canadian Economy is a paradox, highly advanced but dependent on natural resources. As the world’s second largest country, land has always played a huge role. Though over time, this has led to speculation over just how dependent Canada’s Economy is on land directly, possessing the third largest oil reserves in the world and increasingly, a booming housing market.
Raising some key questions. Such as how dependent is Canada on oil? What role have Canada's free trade agreements played? And is the Canadian housing market a bubble?
Canada is one of the richest and most prosperous countries in the world, and has one of the highest levels of quality of life. However, things weren't always this good in Canada. Between the 80s and 90s the country suffered a severe crisis that shook its solvency.
Canadians are tired of the bullying, threats, insults, strong-arming, and overall BS rhetoric coming from your leadership. Trump says the US subsidizes Canada - that is a lie (along with pretty much everything that comes out of his mouth). Guess what, our new PM has already, quietly behind the scenes, started fighting back.
Last week, the US Treasury bond market started crashing. Canada holds (or held) about $370B in US Treasury bonds. Two days ago, Barron's posted an article that said, "The latest selloff was led by Canada, the data showed. Adding to the concern about foreign selling is that other currencies have tumbled against the dollar, giving foreign central banks a reason to sell Treasuries and use the dollars to buy their own currencies to prop them up." Japan, who is the largest holder of US Treasury bonds - about $1 trillion also started selling off their bonds.
This is brilliant and explains why our dollar has been rising while the US dollar is dropping a lot. Canada off-loaded our US Treasury Bonds to devalue the US dollar and boost our own. On March 11, the Government of Canada launched a five-year US$3.5 billion global bond, with an order book exceeding US$13.9 billion, underscoring investor confidence in Canada’s resilient economy, sound fiscal position, and AAA credit ratings. What does that mean? It means Investors are moving their money to Canada because of the instability in the US, the US market, and the US administration.
For context, around the US, Moody's stated on March 26: "Moody’s Warns Recent Policy Decisions Worsen U.S. Fiscal State, Maintains Negative Outlook Rating". Fitch and the S&P have the US listed at AA+ from AAA after they were downgraded in 2023; Moody's still has them at AAA. Fitch and the S&P have the US outlook as stable, but Moody's has them as negative. Canada currently holds a AAA credit rating from two major credit rating agencies, Standard & Poor's and Moody's. DBRS also rates Canada at AAA. These ratings are considered high-grade and indicate that the Canadian government is considered a low-risk borrower. Canada is one of the few countries in the world with a AAA credit rating from at least two of the top global rating agencies.
This is what a Global Economist with a PhD in economics from Oxford does for a country when faced with economic intimidation, bullying, and strong arming.
PM Carney has also pulled the F-35 contract to source fighter jets from Europe, and about a month ago, France had nuclear submarines sitting in the harbour in Nova Scotia.
