Connect with us


Liberal ministers call blockades a foreign attempt to subvert Canada's democracy, economy – National Post



Government claim occupations are funded and organized by powers outside of Canada, but stop short at labelling blockades an ‘insurrection’

Article content

The Trudeau Liberals ramped up their rhetoric Wednesday, describing border blockades and the ongoing occupation of downtown Ottawa as foreign-funded, foreign-organized attacks meant to undermine our nation’s sovereignty.


Article content

And ambiguity still remains on why the government took the bold step of invoking the Emergencies Act, considering most of the blockades were cleared by police before any national public emergency was declared.

Emergency Preparedness Minister Bill Blair told reporters Wednesday afternoon the blockades were part of a concerted, foreign-funded effort to put Canada’s economy and government into jeopardy.

“We cannot leave anyone with the impression that our democracy is negotiable or subject to efforts of appeasement,” Blair said.

“We will not let any foreign entities that seek to do harm to Canada or Canadians, erode trust in our democratic institutions, or question the legitimacy of our democracy.”

A Freedom Convoy-affiliated blockade used trucks, private vehicles and even farm equipment to block access to the Canada-U.S. border crossing at Coutts, Alta., for nearly two weeks.


Article content

That was followed by similar actions at land crossings across Canada — most significantly in Emerson, Man., south of Winnipeg, the Pacific Highway near Surrey, B.C., and streets leading to the Ambassador Bridge, which links Windsor, Ont., to Detroit and carries about a quarter of cross-border trade between Canada and the United States.

  1. Prime Minister Justin Trudeau during question period in Parliament on Wednesday, Feb. 16, 2022

    ‘Stand with Swastikas’: Emergencies Act debate turns ugly as opposition grows

  2. A slogan and a toilet are displayed before vehicles blocking a road during a protest by truck drivers over pandemic health rules and the Trudeau government, outside Parliament, February 15, 2022.

    Leave now or face arrest: The end to the Ottawa occupation could come quick

Blair says the government believes these blockades were far more insidious than merely Canadians upset over COVID-19 vaccination mandates.

“We have seen strong evidence that it was the intention of those who blockaded our ports-of-entry in a largely foreign-funded, targeted and coordinated attack, which was clearly and criminally intended to harm Canada, to harm Canadians, to interrupt vital supply lines, to idle our workers and close our factories,” he said.


Article content

“It demanded that we all do what was required in order to restore the integrity and security of our borders and protect Canadian interests.”

Leaked donor records from Sunday’s cyberattack on crowdfunding website GiveSendGo showed most of the $8 million raised at that point had come from Canadians.

As well, data released Tuesday by an online transparency group showed nearly 60 per cent of money raised by the Adopt-a-Trucker fundraising drive likewise came from Canada.

Public Safety Minister Marco Mendicino likewise described both the border situation and the ongoing Ottawa occupation as posing “a national security threat to our borders, our economy and the health and safety of all Canadians.”

Protesters in Coutts ended their action peacefully on Tuesday, shortly after Mounties found a cache of firearms, ammunition and body armour and arrested 13 people — including four charged with conspiracy to murder law enforcement officers.

That seizure, Mendicino said, speaks to the serious criminality taking place out of sight of both television cameras and social media posts.

“We need to be clear-eyed about the seriousness of these incidents,” he said, alleging the Coutts arrestees have “strong ties” to a “far-right, extreme organization” whose leadership is currently in Ottawa.

“We’re talking about a group that is organized, agile, knowledgeable and driven by an extremist ideology where ‘might makes right,’ ” he said.


Article content

We apologize, but this video has failed to load.

Mendicino declined to name the group, but photos released by the RCMP show a seized body armour plate carrier sporting flags associated with Diagalon — described by the Canadian Anti-Hate Network as an extremist, far-right militia network with the purported aim of forming a new North American nation stretching from Alaska, diagonally through the Canadian Prairies southwards to Florida.

When asked five times by reporters to clarify alleged links between the Coutts extremist group and the Ottawa organizers, Mendicino conceded the conclusion was based on similar extremist ideology shared between the Coutts suspects and what’s being seen in Ottawa.

Blair also somewhat incorrectly implied the federal emergency orders — which were only published in the Canada Gazette late Tuesday night — with helping the RCMP dismantle the Coutts blockade and arrest the alleged extremists, even though those orders yet weren’t in place.


Article content

Both Lametti and Mendicino ducked questions on if they’re prepared to clearly label the situation as a full-blown insurrection against Canada by foreign invaders.

Answering in French, both instead spoke of new tools the emergency measures grant law enforcement.

Questions were also sidestepped on why invoking the Emergencies Act was even required, considering police cleared the borders prior to their invocation — prompting more broad talk from the Ministers on how they would offer new tools to police.

Mendicino also didn’t offer specifics on how many accounts were frozen or amounts of money seized under the emergency measures, citing the importance of government prosecutorial independence.

Solemnizing the emergency orders aren’t as simple as signing on the dotted line.


Article content

Like all Canadian laws, the measures must be published in Canada Gazette — the government’s official “newspaper” — before they become enforceable and serve as public notice for Canadians about newly passed laws and legislation.

From there, the government must present the emergency orders to both the House and Senate within two days, and subject them to a vote in both chambers within seven days.

Justice Minister David Lametti said the orders will be presented to the house and senate by end-of-day Thursday.

When those debates will happen isn’t yet known, as the House of Commons isn’t sitting next week.

“We will be moving quickly to commence debate,” Lametti said.

“Canadians expect and deserve nothing less.”

— With additional reporting from The Canadian Press

• Email: | Twitter:



Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Adblock test (Why?)

Source link

Continue Reading


German economy dodges recession as war, pandemic weigh – Financial Post



Article content

BERLIN — The German economy grew slightly in the first quarter from the previous one, data showed, with higher investments offset by the twin impacts of war in Ukraine and COVID-19 that experts predicted would weigh more heavily in the three months to June.

Europe’s largest economy grew an adjusted 0.2% quarter on quarter and 3.8% on the year, the Federal Statistics Office said on Wednesday. A Reuters poll had forecast 0.2% and 3.7%, respectively.

The reading meant that Germany skirted a recession, often defined as two quarters in a row of quarter-on-quarter contraction, after gross domestic product (GDP) fell by 0.3% at the end of 2021.

Article content

While household and government spending remained mostly at the same level as in the previous quarter and exports were down at the start of the year, investments grew.

Construction investments, boosted by mild weather, were up 4.6% from the previous quarter, despite price increases, and machinery and equipment investments rose 2.5%.

German business morale rose unexpectedly in May as its economy showed resilience, according to an Ifo institute survey published this week that found no observable signs of a recession.

However, there is no upswing in sight either, and Sebastian Dullien, director of the Macroeconomic Policy Institute (IMK), predicted the effect of the war and pandemic-linked restrictions in China – Germany’s biggest trading partner last year, according to official data – would be much greater in the second quarter.

Article content

ING economist Carsten Brzeski said he was sticking with his baseline scenario of a slight GDP contraction in the second quarter after Wednesday’s reading.

“The build-up of inventories and weak consumption in the first quarter, as well as very weak consumer confidence, clearly dampen the optimism that traditional leading indicators are currently conveying,” he said.

A consumer sentiment index by the GfK institute inched up slightly heading into June from an all-time low in May, with household spending burdened by inflation.

The government forecasts economic growth of 2.2% in 2022. (Reporting by Miranda Murray and Rene Wagner; Editing by Paul Carrel and John Stonestreet)

Adblock test (Why?)

Source link

Continue Reading


5 reasons why the G20 needs a sustainable blue economy – World Economic Forum



  • Ocean-based climate solutions should be a critical part of the G20’s COVID-19 recovery plans.
  • “The blue economy” can create jobs, spur economic growth, mitigate the impacts of climate change and help meet the food needs of a growing global population.
  • From sustainable fisheries to maritime renewable energies, there are five crucial areas where the G20 would benefit from investing in the ocean.

The G20 has vowed to rebuild the global economy in the aftermath of the COVID-19 pandemic and to fight climate change by investing in sustainable development. Yet one of the most powerful tools available to achieve these goals is largely missing from national economic recovery plans: ocean-based climate solutions.

The ocean has tremendous potential to spur economic growth, create jobs and mitigate some of the most severe climate impacts if we protect it and use its resources sustainably. This is often referred to as “the blue economy”.

For instance, it is estimated the world’s wetlands alone provide $47 trillion worth of ecological services annually, services such as coastal flood defences, carbon sequestration and breeding grounds for commercial fish, and support at least 1 billion jobs. But climate change, habitat destruction and plastic pollution – to name just a few problems – threaten to undermine their ecological integrity and destroy a remarkably effective buffer against some of the most severe climate change impacts.

A similar story is playing out on the ocean’s coral reefs and in our global fisheries. So-called “blue” food (food from the ocean and other aquatic sources) offers immense potential to help meet the food needs of a growing population in a way that is nutritious, sustainable, equitable and affordable. To do so successfully requires a concerted effort from the global community to ensure that fishing is sustainable.

The G20, which comprises 45% of the world’s coastline and 21% of its exclusive economic zones, has a special obligation to protect marine ecosystems and is well-positioned to deploy ocean-based climate solutions as the world continues its post-pandemic recovery.

Creating a blue economy

There are five crucial areas where the G20 would benefit from investments in ocean-based climate action to create a blue economy:

1. Maritime renewable energy sources, such as offshore wind, floating solar arrays and wave and tidal power, hold enormous promise to build energy independence and help countries meet their emissions reduction commitments under the Paris Climate Change Agreement.

2. We must decarbonize global shipping. If this industrial sector were a country, it would be the world’s eighth-largest in terms of carbon emissions. The good news is that emerging technologies can vastly reduce emissions from vessels and port facilities. The international community needs to set new standards to ensure best practices are implemented evenly around the world.

Our ocean covers 70% of the world’s surface and accounts for 80% of the planet’s biodiversity. We can’t have a healthy future without a healthy ocean – but it’s more vulnerable than ever because of climate change and pollution.

Tackling the grave threats to our ocean means working with leaders across sectors, from business to government to academia.

The World Economic Forum, in collaboration with the World Resources Institute, convenes the Friends of Ocean Action, a coalition of leaders working together to protect the seas. From a programme with the Indonesian government to cut plastic waste entering the sea to a global plan to track illegal fishing, the Friends are pushing for new solutions.

Climate change is an inextricable part of the threat to our oceans, with rising temperatures and acidification disrupting fragile ecosystems. The Forum runs a number of initiatives to support the shift to a low-carbon economy, including hosting the Alliance of CEO Climate Leaders, who have cut emissions in their companies by 9%.

Is your organization interested in working with the World Economic Forum? Find out more here.

3. Coastal wetlands and ecosystems – such as salt marshes, seagrass meadows, coral reefs and mangrove forests – need urgent protection in order to maintain their critical environmental services. It is estimated that these ecosystems sequester as much as five times the amount of carbon as terrestrial forests per unit area while shielding coastal populations from increasingly powerful storms and sea-level rise.

4. Investing in sustainable fisheries and, in particular, aquaculture will create well-paid jobs and help promote food security and economic fairness, especially in developing countries.

5. Sustainable and regenerative tourism can form a critical building block in ensuring a lasting economic recovery for coastal nations in a way that supports the ocean and nature – and the countless people who depend on them.

A 2021 report by the High Level Panel for a Sustainable Ocean Economy found that ocean-based climate and nature-based solutions such as these could collectively reduce around 4 billion tonnes of greenhouse gas emissions annually by 2030 and more than 11 billion tonnes by 2050 – equivalent to closing all the world’s coal-fired power plants for a year.

"lazy", :class=>"", :alt=>"Mangrove Conservation and Restoration: Protecting Indonesia’s “Climate Guardians”"}” use_picture=”true”>Mangrove Conservation and Restoration: Protecting Indonesia’s “Climate Guardians”

As the G20 president, Indonesia must work to restore mangroves and wetlands

Image: World Bank

Even modest investments in these solutions to create a sustainable blue economy would go a long way toward achieving UN Sustainable Development Goal 14 (life below water), including gender equity and fair access to the economic benefits of the world’s marine resources.

As this year’s G20 president and host of the group’s next leaders’ summit in November, Indonesia must lead by example, making major investments in marine and coastal ecosystem governance, promoting equal economic access, reducing marine debris, and working to restore and conserve mangrove and other wetlands.

Indonesia, Australia and all other G20 countries must expand these efforts and increase collaboration, to further strengthen and implement a robust and sustainable global blue economy that benefits everyone.

General (Ret.) Luhut Binsar Pandjaitan is Coordinating Minister for Maritime Affairs and Investment for Indonesia, which is this year’s G20 President and host of the group’s 17th Heads of State and Government Summit in November.

Dr Andrew Forrest AO is Founder and Chair of the Minderoo Foundation, Australia, and a Member of Friends of Ocean Action at the World Economic Forum.

License and Republishing

Adblock test (Why?)

Source link

Continue Reading


Mexico's Economy Rebounded in First Quarter on US Demand – BNN



(Bloomberg) — Mexico’s economic growth was in line with expectations for the first three months of 2022, a positive sign for a country that narrowly avoided falling into recession late last year.

Gross domestic product grew 1% in the first quarter from the previous three-month period, above the 0.9% preliminary reading released in April, according to final data published by Mexico’s statistics institute Wednesday. Analysts in a Bloomberg survey had estimated 1% quarter-on-quarter growth.

On an annual basis, GDP expanded 1.8% in the January-March period, compared to the 1.6% flash reading reported last month. The manufacturing and services sectors led the recovery, as exports to the US, Mexico’s largest trading partner, continued to be a boon for Latin America’s second-largest economy, especially once past the late January peak of the highly infectious omicron variant.  

“It would be desirable for us to grow more, but it’s not bad growth,” said Janneth Quiroz Zamora, vice president of economic research at Monex Casa de Bolsa. “There was an impact of Omicron, but it wasn’t as strong or as pronounced as was expected.”

While doling out aid to farmers, dropping tariffs and kicking in for subsides against rising fuel and energy prices, President Andres Manuel Lopez Obrador has been hesitant to emulate Latin America’s other big economies by taking steps to spur the economy. His government’s attempts to woo companies from abroad with the appeal that they’ll have shorter supply chains and be closer to US consumers has seen limited results so far.

Looking ahead, gathering headwinds to growth abound. Russia’s invasion of Ukraine has already had an alarming impact on food and energy prices in Mexico and exacerbated snarls in disrupted global supply-chains, which impact the country disproportionately as it’s one of the world’s largest exporters. Economic factors in the US also stand to impact Mexico’s performance.

“There was some forward momentum heading into Q2,” said Nikhil Sanghani, a Latin America economist at Capital Economics. “Growth will be sluggish though as activity cools in the US and high inflation and tighter monetary policy weigh on domestic demand.”


Assessing the mounting challenges, the International Monetary Fund in April lowered its 2022 GDP forecast for Mexico to 2%, down from 2.8% in January, and half its forecast of 4% made in October 2021. Economists polled by Citibanamex earlier this month were even less upbeat still, with a 2022 GDP forecast of 1.8%, only marginally better than the 1.73% estimate in the central bank’s most recent survey of economists.

Since the IMF’s last forecast, however, the US Federal Reserve raised its key rate for a second meeting and vowed to keep hiking until officials see “clear and convincing” cooling in inflation, raising the specter of recession in the world’s largest economy and a fall-off in demand for Mexico’s exports. 

At the same time, persistent inflation at home has Mexico’s central bank engaged in an aggressive tightening cycle that’s taken the key rate up to 7% from 4% last June, with a possible terminal rate of 10%, by the reckoning of Deputy Governor Jonathan Heath.

Read More: Banxico’s Heath Sees Additional 200-300 Basis Point Rate Hikes

(Updates with analyst comments starting in seventh paragraph.)

©2022 Bloomberg L.P.

Adblock test (Why?)

Source link

Continue Reading