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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Chronicle Journal
Location
Thunder Bay, Ontario, Canada
Date
Dec 20, 2024
Page
4
Canada faces a potential 25 percent tariff threat from the United States as border and drug control concerns prompt renegotiations. The piece argues Canada must diversify beyond the US, deepen ties with emerging economies, and pursue trade deals with ASEAN, China, and others to hedge risks and curb inflation.
Critics fear border opening may hurt domestic industries and jobs. Yet diversification yields broader economic gains. Canada holds natural resources, skilled population, and strong institutions aiding a shift toward new markets. The plan lowers reliance on the United States while building resilient trade ties, as economist Eric Chi notes.
The proposed GST holiday on grocery food in Canada is framed as relief from rising prices but economists warn it may fail to deliver meaningful aid and could lift costs further. A 2025 Food Price Report from Dalhousie, Guelph, Saskatchewan and UBC predicts ongoing price increases with meat and vegetables rising up to six and five percent. Rising costs, recycling fees, labour shortages, and climate challenges amplify affordability stress, while temporary tax relief risks broad price hikes and limited benefit for food insecure households. Structural reforms removing the GST on food would provide lasting relief and restore trust in pricing, critics say. Column by Troy Me dia featuring Sylvain Charlebois.
Perry Kinkaide writes on the rising ransomware crisis, noting a 2022 global economic loss of about 1 trillion dollars per McAfee and CSIS. He cites a Stony Plain Alberta incident and warns that awareness is low, detailing common attack vectors, defenses like multi factor authentication and offline backups, and calls for stricter government action and corporate investment in security. The column urges individual vigilance and societal accountability to prevent disruptive incidents.
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