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Alberta

Red Deer South MLA Jason Stephan says Albertans are sick and tired of boosting Canada by supporting Quebec

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In the Alberta Legislature Thursday, Red Deer South MLA Jason Stephan blasted the federal government and the province of Quebec in a way seldom heard by a member of the Jason Kenney government.  Stephan openly questioned the future of Alberta within Canada.  Jason Stephan’s fiery speech (below) could very well become a rallying cry for Alberta voters who overwhelmingly supported an end to the current equalization formula in October’s equalization referendum.

From Jason Stephan

Trudeau is being described as “Canada’s First NDP Prime Minister”. He is also “Canada’s First Separatist Prime Minister”: he has demonstrated that he will not hesitate to attack the livelihoods of Alberta individuals and families to further his political ambitions for power. He also does not “think about monetary policy”. Alberta must protect ourselves and our children from a looming fiscal train wreck.

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Alberta

U.S. senators call for trade crackdown on Canada over dairy quotas, digital policies

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WASHINGTON — A pair of senior U.S. senators is urging the Biden administration to get tough with Canada for “flouting” obligations to its North American trade partners. 

Democrat Sen. Ron Wyden of Oregon and Republican Sen. Mike Crapo lay out their concerns in a letter to U.S. Trade Representative Katherine Tai. 

The letter says American dairy producers still aren’t getting the access to the Canadian market they’re entitled to under the U.S.-Mexico-Canada Agreement. 

It also describes Canada’s planned digital services tax as discriminatory and raises similar concerns about new legislation to regulate online streaming and news. 

All three, the senators say, would give preferential treatment to Canadian content and deny U.S. tech companies fair access to the market north of the border. 

The letter comes after meetings this week in San Diego between U.S., Canadian and Mexican trade emissaries, as well as the North American Leaders’ Summit in Mexico City earlier this month. 

The USMCA, referred to in Canada as CUSMA, has been at the centre of a number of bilateral and trilateral disputes since it went into effect in the summer of 2020. 

“Three years later, it is disappointing that Canada and Mexico have failed to come into full compliance with the agreement — and, in some cases, have flouted their obligations,” the senators write. 

“USTR must take decisive action to ensure full compliance with the agreement and with dispute settlement panel findings. It is critical to ensure that every chapter of USMCA is fully and timely enforced.”

Canada and Mexico have their own issues with how the U.S. is interpreting the deal, which was signed in 2018 after protracted trilateral efforts to replace NAFTA. 

As the Mexico City summit wrapped up, a dispute panel ruled against the U.S. over how it interprets the rules that determine the origin of core automotive components. 

It remains unclear whether the U.S. plans to comply with that decision.   

This report by The Canadian Press was first published Jan. 27, 2023. 

The Canadian Press

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Alberta

TotalEnergies EP Canada ups stake in Fort Hills oilsands project

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Calgary – TotalEnergies EP Canada Ltd. says it is increasing its ownership in the Fort Hills oilsands project by acquiring part of Teck Resources Ltd.’s stake in the mine.

Teck announced last year that it would sell its 21.3 per cent stake in Fort Hills to Suncor Energy Inc., the third partner in the project, for about $1 billion.

However, TotalEnergies EP Canada says it has exercised its pre-emption right to acquire an additional 6.65 per cent in the project from Teck for $312 million.

The deal brings the company’s stake in Fort Hills to 31.23 per cent. Suncor will own the rest.

French company TotalEnergies announced in September 2022 its plan to exit the Canadian oilsands by spinning off TotalEnergies EP Canada in 2023.

It says the acquisition of an additional interest in Fort Hills helps build TotalEnergies EP Canada for the future.

This report by The Canadian Press was first published Jan. 27, 2023.

Companies in this story: (TSX:TECK.B, TSX:SU)

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