LG Energy Solution to buy Stellantis’s stake in Ontario EV battery joint venture for just $100

South Korea’s LG Energy Solution on Friday said it plans to buy the 49-per-cent stake held by Stellantis in their battery joint venture in Ontario for the nominal amount of US$100.

Stellantis also said on Friday it would book charges of around €22.2-billion ($35.81-billion) in the second half of last year as the Franco-Italian automaker scales down electric-vehicle development plans and launches a “strategic shift.”


But wait there’s more!

Stellantis shares plunge as carmaker takes $22.2-billion writedown on EVs

Chevy Ends Building Tremec Corvette Transmissions in Canada, Production Shifts Back to America

Poor Joly! h/t Mauser

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Fiscal watchdog warns defence targets will mean soaring deficits

OTTAWA — Canada’s fiscal watchdog projects that the Carney government’s commitment to increase defence spending to at least 5 per cent of the economy will increase the federal deficit by $63 billion a year over the next decade, almost twice what the deficit is currently expected to average over the next few years.

In a new report published Thursday, Jason Jacques, the interim Parliamentary Budget Officer (PBO), said the fiscal effect of meeting Ottawa’s commitment to hit the new NATO target of 5 per cent of gross domestic product (GDP) will ramp up gradually over the next decade and will eventually hike the federal debt-to-GDP ratio by 6.3 percentage points in 2035.

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Ottawa Scraps EV Mandate, Aims to Reach 90 Percent EV Adoption Through Emissions Regulations

Prime Minister Mark Carney says he will abolish the electric vehicle mandate while replacing it with emissions regulations that he says will achieve a similar objective of reaching widespread EV adoption by consumers.

Carney announced on Feb. 5 that Ottawa will repeal the electric vehicle mandate that would have required automakers to produce and sell only electric vehicles by 2035. Instead, Carney said the government will put in place tougher greenhouse gas (GHG) emissions standards for model years 2027 to 2032. The revised aim is to reach an EV adoption rate of 75 percent by 2035 and 90 percent by 2040.

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Carson Jerema: The EV mandate isn’t being scrapped, it’s being renamed

The electric vehicle mandate that would have forced 100 per cent of all new cars sold in Canada to be zero-emission vehicles by 2035 was a typical Trudeau-era policy. It had more to do with preening self-righteousness than anything else. It sacrificed economic growth for green fantasies and was extremely paternalistic. As with most climate-change policies, the objective seemed to be more about control than actually accomplishing anything.

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A New Era in Canada–China Relations, or an Arctic Bargain?

OTTAWA — Canada has only one thing that Chinese President Xi desperately needs that he hasn’t been able to get elsewhere: a path to Arctic nation status. China has only one thing Canadian Prime Minister Mark Carney desperately needs that he can’t get elsewhere: a trade pact large enough to make credible his vow to pivot away from Canada’s dependence on the United States.

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Richard Shimooka: A mixed F-35/Gripen fleet will fail us in every way

There are few policy areas in Canadian politics as tortured as the CF-18 replacement program, now entering its 16th year and undergoing its fifth evaluation — which is likely to once again recommend continuing with the purchase of F-35s.

Despite this, it was reported last week that “all the signs point to” the government pursuing a mixed fighter jet fleet, with half F-35s and half Saab Gripens. Yet the mixed fleet option comes with serious consequences that should give decision makers reason to pause.

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In Carney’s world, Canada is more powerful than Trump thinks

U.S. President Donald Trump has reacted harshly to Prime Minister Mark Carney’s acclaimed speech at Davos. First Mr. Trump claimed Canada was a small-power satellite dependent on the U.S. Then Mr. Trump threatened 100-per-cent tariffs if Canada made a deal with China.

Till this day, we are still feeling the aftershock of the speech. Some observers have criticized Mr. Carney for provoking Mr. Trump. McGill University’s Andrew Potter called Mr. Carney “reckless.”


I bet the author of this love letter caught the clap from Carney.

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Joel Kotkin: Carney is turning Canada into China’s vassal state

 

Prime Minister Mark Carney’s speech at the recent Davos conference — where he called for decoupling from the U.S. while entering a “strategic partnership” with China — was greeted rapturously abroad. His tough on Trump rhetoric is certainly winning political points at home as well.

Yet, in listing towards China, Carney is not only ignoring geography, but embracing an authoritarian regime far more dangerous than anything coming from MAGA. China’s clear intention is to seek global hegemony based on trade with an array of vassal states. All are then expected to follow Beijing’s party line.

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Canada’s Massive ‘Voluntary’ Gun Buyback Program Comes With Prison Time

The Gun Buyback was made to order for Mark Carney’s China Pivot.

Hundreds of thousands of Canadians could face prison time if they do not turn in their newly prohibited guns under a supposedly “voluntary” gun buyback program that is testing the strength of Canada’s bureaucratic regime.

Since May 2020, the Canadian government has attempted to institute a massive “assault-style firearms compensation program” that will purportedly trade cash for prohibited guns. If Canadians do not turn in a prohibited gun by October 2026, they could face up to five years in prison. The program has faced massive pushback from provincial leaders and gun rights organizations who say it will only disarm law-abiding Canadians.

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Canada on recession watch, economy on ‘life support’: Economist

The Bank of Canada needs to cut interest rates further as Canada is in recession watch and its economy is on life support, according to a new report.

The report, Canadian Economy on Life Support by Rosenberg Research,  states that despite cuts to interest rates from a high of 5% in 2024, Canada’s per capita gross domestic product is still failing, and the economy is growing at only 1% per year.

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U.S. interest in Alberta separatism raises red flags over what might come next

Communications between the Trump administration and Alberta’s separatist movement raised alarm at the highest levels in Canada last week. It also raised questions about Washington’s possible intentions.

Some even see dangerous parallels between American efforts to inflame Alberta separatism and the Russian campaign to gin up a separatist movement in eastern Ukraine a decade ago.

Last week, an Alberta separatist group revealed that it was hosted at three meetings by the U.S. State Department.


Honestly as the true nature of the Carney ChiCom alliance is revealed annexation looks better and better.

Energy minister won’t rule out Chinese state-owned companies from buying majority stakes in Canada’s oil patch

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Government expected to announce it’s scrapping EV mandate in favour of new fuel efficiency system: source

The federal government is expected to announce its national automotive strategy on Thursday that includes scrapping Canada’s electric vehicle mandate and replacing it with a new system of fuel efficiency standards and credits, CBC News has learned.

Two sources say Ottawa is also expected to bring back popular electric vehicle incentives for consumers purchasing electric vehicles.

Money will also be announced to build more charging stations for EVs across Canada to help consumers, a source said.

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SLOBODIAN: Taxpayer-funded ‘spin’ doctors — Ottawa spent $262,000 teaching bureaucrats how to dodge Parliament’s questions

Consultants were paid $262,609 to coach federal managers on how to answer questions when summoned to testify before parliamentary committees.

These consultants offered managers “strategic and practical advice” on committee appearances. They were hired to “review material and provide comments, advice, and suggested questions,” the cabinet wrote in an Inquiry of Ministry tabled in the Commons, per Blacklock’s Reporter.

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Canadians Grow Increasingly Hostile Towards Immigration

A record high share of Canadians now say the effects of immigration on the nation are mostly negative

Newly updated immigration polling from Research Co is suggesting Canadians are rapidly turning against immigration as the anti-immigration trend continues.

The most recent numbers find that 48% of Canadians say that immigration to Canada is having a mostly negative effect on our nation, compared to 34% who say that it’s having a mostly positive effect.

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