This adds immediate extra costs to residents in 3 states, assuming the power stays on. Trump retaliates with 50% on steel/aluminum and the promise of car tariffs. This isn't going to make GM/Chrysler/Ford happy I anticipate some massive layoff announcements clearly blaming Trump's tariffs in early April. For the Trump cult on here, Canada runs a trade DEFICIT with the US except for Heavy Oil. Trump really can't slam massive Tariffs on Oil without big gas price increases and potentially a run up in Oil prices. So he has a problem, because Canada figured out attack mode is the best plan here. There are some tricky but interesting trades here. The Cdn commodity stocks are making massive moves in both directions. The question is will the commodities themselves rise even more in price and can the companies convert that to profits. Ignoring tariff stuff I like Copper a lot in general and the stocks sold off yesterday. Copper at close to $5 is usually really bullish for the stocks. However, there is a push and pull as general markets sell off. EDR ( Silver ) is up 17% today it was on my watch list for buys yesterday when it sold off hard. Fortuna might be a better play. The Whitecap/Veren merger is interesting.
Then why is the petition for Ontario to become the 51st state getting more and more support? Apparently most of the people up there are seeing the light and going full-blown maga.
You are deeply delusional. There is no petition with meaningful support. What there is a massively growing Canadian anti-Trump movement. This post of yours may be the most delusional one I've read on this site in some time, and that's hard to do given some of the dumbasses on here. btw My portfolio is having a massive up day today. Strong metal stocks and some Oil stocks on recent news. Too bad you weren't such an asshole I'd have posted some of my picks last week.
Hopefully, that does not happen because the last time there was a electricity blackout due to a power outage in several states that included New York in 2003... It cost the United States almost $8 billion dollars for less than one day of outage, wreck havoc on the financial markets, caused city wide traffic blockage (not traffic signals), hospitals in a panic, large crowds of thousands of people walking in the middle of the highways as if it was a sidewalk, and the blackout knocked out the power for 40 million people/businesses in the United States. Sadly, the United States didn't try to fix it's dependency on Canada for electricity since the blackout of 2003. Ontario has a Progressive Conservative Party led by Doug Ford and he strongly dislikes Trump because Trump is not a true conservative...Trump is a party flip-flopper. Ford and Canada will stick it to Trump to send a message because it was Trump who started the tariff bullshit. With that said, I thought Ford was just going to increase the tax on the electricity and turning off the power was something as a last resort to send a clear message. wrbtrader
i will note that cutting off the power to NY primarily impacts upstate New York rather than NYC and Long Island. Long Island has its own power company, LIPA (formerly LILCO) which has the Shoreham nuclear power plant and other plants capable of meeting Long Island's needs. NYC and Westchester county county are powered by Con Edison which has enough capacity in the region to meet their needs. Upstate New York however is heavily dependent on power from Canada. Knowing the ramifications to the U.S. residents (and knowing it will enrage the Chaos Baboon further causing tariff escalations) -- I can't imagine that the national Canadian government will allow Ontario to cut power being sent to the U.S. BTW -- Doug Ford just announced he is temporarily suspending the 25% electric surcharge.
The grid is more of a problem for Canada then the US. I'm not sure if this is the same outage, but I know the longest one here was due to a small US power company that had lax standards. In any event, power is another sweetheart deal with the US that has to be questioned given that the US is invoking a trade war on us.
Ford forgot to send a clear message------except that he did----Ontario, Canada is at your beck and call Mr. President!
Ford imposed 25% tariffs on electricity exports from the Canadian province to the U.S. states of Michigan, New York and Minnesota on Monday. Speaking to reporters in front of a podium that read "Canada is not for sale," Ford said the surcharge would cost families and businesses in those states up to $400,000 every day. On average, Ontario's premier said it would add about $100 per month to "the bills of hardworking Americans." TRUMP SAYS HE PAUSED SOME TARIFFS TO ‘HELP’ MEXICO AND CANADA TO A ‘CERTAIN EXTENT’ https://www.foxbusiness.com/politic...harge-us-trump-tariff-threats-canadian-metals https://www.cnn.com/2025/03/11/busi...ex.html?iid=cnn_buildContentRecirc_end_recirc "Let me be clear: I will not hesitate to increase this charge," Ford said at the time of the announcement. "If necessary, if the United States escalates, I will not hesitate to shut the electricity off completely. Believe me when I say I do not want to do this. I feel terrible for the American people because it's not the American people who started this trade war. It's one person who's responsible. That's President Trump." In a follow-up post later on Tuesday, Trump asked, "Why would our Country allow another Country to supply us with electricity, even for a small area?""Who made these decisions, and why," Trump added. "And can you imagine Canada stooping so low as to use ELECTRICITY, that so affects the life of innocent people, as a bargaining chip and threat? They will pay a financial price for this so big that it will be read about in History Books for many years to come!" Trump seems a little shocked that Canada (Ontario) would use electricity as a bargaining chip and threat as a response to his tariff threats... No shit dumbass and you're still making tariff threats towards Canada. In the meantime, a friend of mine in Canada who works for an institutional trading firm, they're making millions off the volatility caused by Trump. Simply, Trump seems to not know that the United States is dependent on resources from Canada and maybe that's the point Ontario wanted to remind Trump that the United States has a electricity dependency and dependency on other resources from Canada...it's actually an import treaty in place for several decades between the world's biggest trade partners. How in the hell could someone so in love with "tariffs" as a negotiating tool not know what the United States gets from Canada (specific resources from each province of Canada) ??? wrbtrader