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Economy

Friday June 13, 2025

June 13, 2025 by Graeme MacKay

The G7 summit in Kananaskis sees U.S. President Donald Trump as the focal point amidst critical discussions on trade and global stability, with Canadian Prime Minister Mark Carney steering diplomatic efforts.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday June 13, 2025

Published in the Toronto Star.

Summit Spectacle: Trump Takes Centre Stage in Kananaskis

May 24, 2017

As the world turns its gaze to the picturesque setting of Kananaskis, Alberta, for the G7 summit, one figure looms large over the proceedings: U.S. President Donald Trump. His return to the White House has reignited debates and discussions on the global stage, making him both a spectacle and a source of unpredictability. Trump embodies the drama and uncertainty that have become hallmarks of international summits. While some might argue that his unpredictability overshadows substantive discussion, it is precisely this unpredictability that lends the summit its dramatic tension. The world watches, curious to see if his penchant for bold declarations will translate into tangible agreements or merely more rhetoric.

In contrast, Canadian Prime Minister Mark Carney plays the role of a steady host, orchestrating the event with a focus on finding common ground amidst chaos. Carney’s strategy, as reported, avoids the traditional joint communiqué, opting instead for a G7 chair’s statement. This move suggests a pragmatic approach to diplomacy, one that acknowledges the complexities of reaching consensus in a group as diverse as the G7. By facilitating dialogue rather than dictating terms, Carney may well steer the summit towards meaningful outcomes.

News: Why there is hope of a Carney-Trump tariff breakthrough

The upcoming G7 summit in Italy, amidst discussions on pressing global issues, highlights the challenges posed by the rise of far-right regimes, prompting urgent calls for progressive solutions and international cooperation.

June 13, 2024

The agenda for this summit is as varied as it is pressing. Trade and tariffs are front and centre, with global economic growth stymied by ongoing trade tensions. There is hope that discussions between Carney and Trump might yield concessions, particularly in light of a draft economic and security agreement that hints at potential breakthroughs. However, skepticism remains. Beyond economics, the summit will tackle broader geopolitical issues, such as the conflict in Ukraine and China’s global influence. These discussions are crucial for international stability and cooperation.

Public opinion, as captured in reader comments, reflects a mix of hope and cynicism. While some doubt the summit’s potential for substantive outcomes, others see it as an opportunity for leaders to engage in crucial bilateral discussions. Many argue that the focus should extend beyond U.S. policies to encompass a wider range of global challenges, such as climate change and energy security.

News: We found out how Mark Carney hopes to smooth differences with Donald Trump at the G7 summit. Here’s what we know

June 15, 2021

As the G7 summit unfolds, it is poised to be a blend of spectacle and substance. Trump’s role as the star attraction adds an element of drama, but it is the collective efforts of leaders like Carney that may ultimately determine the summit’s success. In a world fraught with uncertainty, this gathering in the Canadian Rockies offers a stage for diplomacy, dialogue, and, hopefully, decisive action. Whether it will deliver on its promises or remain an exercise in political theatre is a question that only time will answer.


Posted in: Canada Tagged: Bilateral, Climate, diplomacy, Donald Trump, Economy, Emmanuel Macron, Friedrich Merz, G7, geopolitics, Giorgia Meloni, Kananaskis, Keir Starmer, Mark Carney, Shigeru Ishiba, spectacle, stability, summit, tariffs, Trade, unpredictability

Thursday June 5, 2025

June 5, 2025 by Graeme MacKay

Canada's steel industry faces turmoil as Trump's tariffs and unresolved steel dumping issues challenge North American trade relations.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday June 5, 2025

Printed in The Toronto Star. Also, Your West Central Voice.  Also, The Albuquerque Journal. And, published on Reddit.

A Steel Trap for North America

The recent hike in steel and aluminum tariffs by President Trump has sparked a heated debate, with the move likely to cause significant economic pain on both sides of the Canada-U.S. border. While there’s no denying that steel dumping is a problem that needs addressing, the root of the issue doesn’t lie in Canada. Instead, it’s countries like China and South Korea that have been flooding the markets with cheap steel, creating unfair competition.

Canada has tried to tackle this, imposing tariffs on Chinese steel, but the response has been slow and insufficient. Ottawa must act more decisively to protect its industries and work in concert with the U.S. to address these challenges. However, the way forward should not involve undermining free trade agreements like the USMCA, which have long supported economic cooperation between the two nations.

News: Trump hikes steel and aluminum tariffs to 50%

For Canada, the increased tariffs threaten to cripple industries and lead to job losses, particularly in steel-dependent regions. Meanwhile, American consumers are likely to face higher prices as manufacturers pass on the increased costs. This could have a ripple effect on various sectors, from automotive to construction.

Politically, these tariffs could serve as a means for President Trump to generate revenue to fund tax cuts that largely benefit the wealthy. In this scenario, the rich gain while everyday consumers and workers bear the brunt of the economic fallout.

The solution lies in a collaborative approach that targets the real culprits of steel dumping without resorting to damaging protectionist measures. Both Canada and the U.S. need to engage in meaningful dialogue and develop strategies that uphold fair trade and economic stability for all involved.


Tariff Turmoil Goes on…

Thursday June 5, 2025

Living in Hamilton, Canada’s steel heartland, I’ve seen firsthand how one leader’s motivations can ripple through an industry, affecting countless lives. President Trump’s decision to double tariffs on steel and aluminum imports feels like déjà vu for us here. We’ve been through this before, and it’s unsettling to witness such a strategy unfold again.

May 11, 2019

Saturday May 11, 2019 – The above cartoon, originally drawn in 2018, remains as relevant in 2025 as it was then. It captures the enduring nature of trade tensions between the U.S. and China, highlighting the ongoing impact of tariffs and political strategies that continue to affect global economies and everyday consumers. This visual commentary underscores how little the fundamental issues have shifted over the years, despite numerous negotiations and changes in leadership.

The world watches as Trump pursues what many see as an ill-conceived plan, one that history has shown may not lead to the prosperity promised. The notion of ‘making America great again’ seems ironic when the very policies meant to protect could, in fact, harm industries both at home and in allied nations like ours. It’s a stark reminder of how interconnected our economies are and how critical it is to find solutions that uplift rather than undermine. Is this what winning looks like? For those of us in Hamilton, it feels more like a step back than a leap towards any so-called golden age.

Substack is a great platform for me as a cartoonist. I’m mindful of the layoffs hitting many talented people, but I’m keeping a positive outlook. Take a look at the animation of my June 5, 2025, cartoon, and thanks for your support!

Posted in: Canada, USA Tagged: aluminum, Canada, Donald Trump, Economy, imports, industry, ladle, map, North America, protectionism, steel, tariffs, Trade, USA, USMCA

Saturday May 31 2025

May 31, 2025 by Graeme MacKay

As wildfires intensify in Saskatchewan and Manitoba, contrasting leadership styles highlight different approaches to climate change and crisis management.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday May 31 2025

Prairie Flames: A Tale of Two Leaders

June 21, 2024

As wildfires blaze across Saskatchewan and Manitoba, we’re witnessing a stark contrast in how leaders are handling the crisis. The fires are starting earlier, burning hotter, and lasting longer, a sign of changing times tied to climate change. This situation highlights the different paths being taken by the premiers of these two provinces.

BBC: Western Canada wildfires emergency hits another province as thousands flee

June 8, 2023

In Saskatchewan, Premier Scott Moe is well-known for his support of the oil and gas industry. He argues that these industries are vital for the province’s economy. However, his focus on fossil fuels seems outdated when faced with the reality of more intense wildfires. Moe has resisted federal climate policies like carbon pricing, which some see as ignoring the root causes of these worsening fires.

On the other hand, Manitoba’s Premier Wab Kinew is taking a different approach. He has set ambitious goals to reduce emissions and shift towards renewable energy. Kinew’s response to the wildfire crisis includes taking swift action to protect communities, showing a clear understanding of the link between climate change and these natural disasters.

News: Saskatchewan declares state of emergency as wildfires force evacuations in western and central Canada

July 21, 2022

Kinew acknowledges the challenges of moving away from fossil fuels, but his willingness to address these issues head-on reflects a commitment to both the environment and the economy. His leadership suggests a balance between immediate action and long-term planning.

The fires ravaging these provinces remind us of the importance of leadership in the face of climate change. The choices made today will shape the future, and the contrasting approaches of Moe and Kinew offer insight into how different strategies can impact the fight against climate-related disasters. As the fires burn, the need for thoughtful and proactive leadership becomes ever more critical.


Giant Wildfires on the Prairie by The Graeme Gallery

Friday May 30, 2025

Read on Substack


Posted in: Canada Tagged: 2025-11, change, Climate, crisis, Economy, environment, fossil fuels, Intensity, leadership, Manitoba, map, policy, renewable, response, Saskatchewan, Scott Moe, sustainability, Wab Kinew, wildfires

Wednesday May 28 2025

May 28, 2025 by Graeme MacKay

After the King's Speech, Prime Minister Mark Carney faces the challenge of transforming ceremonial signalling into actionable governance amidst political complexities.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday May 28 2025

Mark Carney’s Political Odyssey: From Throne to the Meat Grinder

King Charles III's visit to Canada underscores the country's sovereignty and distinct identity amid geopolitical tensions with the U.S.

May 27 2025

As the echoes of King Charles III’s speech from the throne fade, the real work begins for Prime Minister Mark Carney. The ceremonial grandeur, with its evocation of pride and unity, serves as a poignant reminder of Canada’s rich heritage and potential. Yet, it is Carney who must now navigate the intricate dynamics of political governance, a task fraught with challenges that test his leadership and resolve.

Carney’s entry into politics was heralded with optimism, a promise of fiscal prudence and economic acumen drawn from his tenure as a central banker. His vision for a “one Canadian economy” aims to dismantle interprovincial trade barriers and foster unity—a testament to his strategic foresight in addressing the fragmented Canadian market. However, the transition from economic theory to political practice is fraught with complexities, especially for a leader at the nadir of his popularity, steering a minority government through turbulent waters.

News: ‘The True North is indeed strong and free,’ King Charles III says in speech

Mark Carney leverages his dual role as Liberal leader and Prime Minister to address economic challenges and political dynamics, including a significant gender gap, in Canada's federal election.

April 12, 2025

The political landscape Carney faces is a veritable minefield. His ambitious agenda, from tax cuts to fast-tracking infrastructure projects, requires not just parliamentary approval but also the confidence of a wary public. The Liberals’ minority status means every decision is subject to intense scrutiny and negotiation. The throne speech, while rich in vision, must withstand the crucible of parliamentary debate, where support from other parties is imperative to avoid a government collapse.

Adding to Carney’s challenges is the spectre of U.S. President Donald Trump, whose rhetoric and policies pose direct threats to Canadian sovereignty and economic stability. Trump’s proposition of Canada as the 51st state, though politically implausible, underscores the pressure on Carney to assert Canada’s independence on the world stage. The negotiation of a new economic and security relationship with the U.S. is not just a policy priority but a defining moment for Carney’s leadership.

Further complicating Carney’s path are the anxious premiers and voters, impatient for the realization of election promises. The pledge to create a stronger economy, cut taxes, and enhance infrastructure resonates with a populace eager for tangible improvements. Yet, the execution of these promises requires navigating provincial dynamics and managing expectations—a task that demands both diplomacy and decisiveness.

News: Carney tells MPs to brace for ‘very, very busy’ few weeks as Parliament reopens

Canada's hockey win over the USA becomes a powerful symbol of national pride and resilience amidst political tensions with Trump.

February 22, 2025

Despite these obstacles, Carney’s leadership offers a unique promise. His background as a central banker brings a disciplined fiscal approach, essential for steering Canada through economic transformation. The emphasis on reducing trade barriers and fostering global partnerships reflects a forward-thinking strategy aimed at positioning Canada as a robust player in a changing global economy.

In this critical juncture, Carney’s ability to transform vision into action will define his legacy. The symbolism of the King’s speech may offer inspiration, but it is Carney’s pragmatic governance that will ultimately determine Canada’s trajectory. As he dives into the political meat grinder, Carney must harness his expertise, rally support, and navigate the challenges with unwavering resolve. The road ahead is daunting, yet it is also ripe with opportunity—a chance for Carney to imprint his stamp on Canada’s future.


A Return to Stability – Wednesday May 28 2025

The recent visit by King Charles III and Queen Camilla has marked a significant chapter in Canada’s history, arriving at a crucial time following a six-month power vacuum. This period was a direct result of the previous Prime Minister, Justin Trudeau’s, tenure, characterized by a certain hubris that left a notable impact on the country’s political landscape. During this vacuum, Canada’s stability was further tested by external pressures, notably from President Donald Trump’s provocative rhetoric about Canada potentially becoming the 51st state of the United States.

The royal visit, though brief, was a masterful exercise in symbolism. The King’s words, “As the anthem reminds us, the True North is indeed strong and free,” resonated deeply with Canadians, reinforcing the strength and independence of the nation. The King’s Speech not only emphasized unity and resilience but also served as a reminder of the enduring ties and shared heritage that bind the Commonwealth.

In a poignant moment, former Prime Minister (aka power vacuum-man) Justin Trudeau made his first public appearance since leaving office, seated alongside prominent figures like Stephen Harper and Kim Campbell (some great photos through the link.) His presence highlighted the political shifts and challenges faced in recent months, underscoring a moment of reflection and renewal.

Despite the unsettling nature of Trump’s continued rhetoric and his golden dome dream, Canada seems to be on the right track. The new leadership, represented by figures like Mark Carney, faces significant challenges ahead. Carney, with his wealth of experience, is poised to tackle the economic and political issues that lie ahead, guiding Canada through this transitional period.

In what commentators have declared the King’s Speech a message for one, it didn’t take long for the toddler-in-chief to react.

Adding to the complexity of the situation, President Trump took to Truth Social at the end of the day to share a message that contradicted reassurances previously given by the U.S. Ambassador to Canada. Trump stated that he had proposed a deal to Canada concerning a “Golden Dome System,” claiming that the system would cost Canada $61 billion to remain independent, but would be free if they chose to become the 51st U.S. state.

According to Trump, Canada was considering this proposition, a statement that diverges sharply from diplomatic reassurances and further complicates the delicate diplomatic landscape.

So much for Pete Hoekstra’s assurance that the annexation saga is over. It’s not, because his boss is a pull string doll.

In essence, the royal visit and the King’s Speech have added another chapter to Canada’s story, reinforcing the values that define and unite the nation amid external challenges and internal transitions. The new leadership, represented by figures like Mark Carney, faces significant challenges ahead. Carney, with his wealth of experience, is poised to tackle the economic and political issues that lie ahead, guiding Canada through this transitional period.

Hopefully, we’re almost to stability. Hopefully we’re done with the theatre – though that’s very wishful thinking.

This is posted to SUBSTACK. Please consider subscribing.

Posted in: Canada Tagged: 2025-10, Canada, Carney, challenges, Donald Trump, Economy, King, King Charles III, leadership, Mark Carney, meat grinder, Minority, Parliament, promises, sovereignty, Substack, Trade, unity

Friday May 16 2025

May 16, 2025 by Graeme MacKay

In Ontario's 2025 budget Doug Ford goes on a spending spree investing in infrastructure and essential services to counteract the economic uncertainty caused by Trump tariffs and past spending missteps.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday May 16 2025

Also published in The Toronto Star. Also on Reddit.

Ontario’s Budget Crossroads: Investing in Uncertain Times

Ontario faces the dual challenge of countering U.S. tariffs while addressing internal issues in healthcare, housing, and social services, amid the Speech from the Throne.

April 16, 2025

As Ontario gets ready to roll out its provincial budget, it’s clear that we’re dealing with some serious challenges. The Trump tariffs have hit our manufacturing and auto parts sectors hard, creating uncertainty not just here, but worldwide. In these times, it’s crucial to focus on smart investments rather than cutbacks to keep our economy stable and growing.

The tariffs are a major blow to Ontario’s economy, affecting key industries that drive our prosperity. This budget needs to show a commitment to helping these sectors through targeted investments that can make a real difference.

News: Ford pledges Ontario budget with infrastructure spending, not cuts, to battle U.S. tariffs

One area that stands out is infrastructure. Investing in things like better transportation, modern public facilities, and clean energy projects can create jobs now and set us up for success down the road. These projects boost productivity and competitiveness, and they can spark broader economic growth.

Doug Ford's early election call in Ontario is likely driven by domestic political and economic challenges rather than the threat of tariffs from U.S. President Donald Trump.

January 29, 2025

However, we’ve seen mistakes in the past with spending, like the expensive cancellations of renewable energy projects, the dubious Highway 401 tunnel idea, and the controversial decision to open up parts of the Greenbelt for development. These moves have raised concerns about wasteful spending and environmental impacts. Going forward, the government needs to make sure that money is spent wisely, with clear benefits and a focus on transparency.

It’s also essential to protect services like healthcare and education from budget cuts. These are crucial for everyone’s well-being and future potential.

News: Ten things you should know about Ontario’s budget

In the face of Ontario Premier Doug Ford's optimistic portrayal of the province's economy, a reality check reveals underlying weaknesses including sluggish growth, rising business bankruptcies, and challenges stemming from rapid population growth and macroeconomic headwinds.

March 27, 2024

As we look to this new budget, there’s a chance to make choices that support both fiscal responsibility and smart investment. By prioritizing infrastructure and protecting our natural spaces like the Greenbelt, Ontario can tackle the current economic challenges and build a stronger future. This approach not only addresses immediate needs but also aligns with long-term goals, ensuring stability and growth. In these uncertain times, especially with the far-reaching effects of the Trump tariffs, thoughtful investment will be key to overcoming global economic challenges and securing a sustainable path forward for Ontario.


No Substack posting today. It’s Spring and duties to mow the lawn come before substack postings. Instead, enjoying the toiling I did today on the boring subject of provincial budget time. See the static version in tomorrow’s Hamilton Spectator. Don’t forget to like, if you like what you see here, it encourages me to post.

– The Graeme Gallery

Read on Substack

 

Posted in: Ontario Tagged: 2025-10, Budget, Doug Ford, Economy, education, greenbelt, healthcare, infrastructure, investment, manufacturing, Ontario, spending, tariffs, transparency, Trump
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