Thoughts on BC Politics and More

Confidential government deals worth billions of dollars to help fund a Stellantis-backed electric vehicle battery plant in Windsor, Ont., carry dozens of conditions that, if violated, give federal officials the power to end the agreements and even force repayment in some cases, according to copies obtained by CBC Windsor. It is unclear, however, if the contracts contain guarantees related to the company’s broader footprint in Canada, as elected officials have claimed. Some portions of the documents are redacted, so the full terms of the agreements are unknown ... CLICK HERE for the full story 

IMAGE CREDIT:  Canadian Forest Industries  Federal Industry Minister Melanie Joly said financial relief is coming soon for Canada’s tariff-struck softwood lumber sector. The minister said in Fredericton Wednesday the government will provide funding through banks, backstopped by the Business Development Bank of Canada, in the “coming days.” “That’s for supporting, right now, our businesses to make sure that they stay afloat,” Joly said. “Meanwhile, we will make sure that we work on a buy-Canadian policy to have our homes and our major projects and our infrastructure being built with the great softwood from New Brunswick.” ... Joly said the funding will go toward ensuring businesses stay afloat while dealing with “unjustifiable” tariffs, adding the government will also offer support for operations and capital expenditures. The minister said the government funding will be provided based on individual companies’ needs ... CLICK HERE for the full story