Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
article
- Get link
- X
- Other Apps
Ontario Cancels Starlink Deal and Plans Energy Surcharge in Response to U.S. Tariffs
In a bold move, Ontario Premier Doug Ford announced the cancellation of the province's $100-million contract with Elon Musk's Starlink, a subsidiary of SpaceX, in response to the recent tariffs imposed by U.S. President Donald Trump. The tariffs, which include a 25% levy on Canadian goods and a 10% levy on energy exports, have sparked a trade war between the two countries.
Ford's decision to terminate the Starlink deal is part of a broader strategy to retaliate against the U.S. tariffs. The contract, signed in November of last year, aimed to provide high-speed internet to remote parts of Ontario. However, with the tariffs now in effect, Ford has decided to take a stand against what he perceives as economic attacks on the province and the country.
In addition to canceling the Starlink contract, Ford announced plans to impose a 25% surcharge on electricity exported to the U.S., which could impact over 1.5 million customers in states like Michigan, New York, and Minnesota. He also threatened to cut off electricity exports entirely if the tariffs persist.
The Premier's retaliatory measures extend beyond the energy sector. The Liquor Control Board of Ontario (LCBO) will stop purchasing and selling U.S.-made alcohol, and American companies will be banned from bidding on public contracts in the province. Ford emphasized the need for Ontario to diversify its trade relationships and prioritize buying Canadian products.
As the trade war between Canada and the U.S. escalates, Ford's actions signal a strong stance against the tariffs and a commitment to protecting Ontario's economic interests. The Premier has vowed to use every tool at his disposal to defend the province and its workers.
Popular Posts
Stock Market Today: Apple Earnings Boost Spirits Amid Soft Jobs Report
- Get link
- X
- Other Apps
Stock Market Today: Nasdaq Surges and GameStop Skyrockets
- Get link
- X
- Other Apps
Comments
Post a Comment