B.C. Premier David Eby condemned the Alberta Prosperity Project’s meetings with U.S. officials, deeming their pursuit of foreign backing for separation as “treason.” Eby’s remarks followed reports of the group seeking a substantial U.S. line of credit. The Premier stated that seeking foreign assistance to break up Canada is inappropriate. Other premiers, including Doug Ford and Wab Kinew, also commented on the situation, with Ford urging action and Kinew joking about a potential Manitoba referendum on staying in Canada.
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“Very, very senior” officials within the Trump administration have been secretly meeting with the Alberta Prosperity Project, a group advocating for Alberta’s separation from Canada. These covert meetings, reportedly held in Washington, D.C., have occurred amidst growing tensions between Canadian leadership and the White House. The separatists are seeking financial backing from the U.S., potentially including a $500 billion credit facility should an independence referendum succeed. While the State Department confirmed the meetings, no commitments were made, and the Treasury Department denies awareness of a credit request.
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Former Minnesota Governor Jesse Ventura has suggested Minnesotans consider joining Canada, citing President Trump’s perceived dislike of the state. During a podcast interview, Ventura proposed that Minnesota officials reach out to Canada to explore the possibility. Ventura, a vocal Trump critic, attributed tensions in Minnesota to the president and criticized his approach to immigration reform. Ventura served as governor from 1998 to 2003, and previously worked as a professional wrestler and Navy SEAL.
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Prime Minister Mark Carney has denied claims that he retracted his Davos remarks during a Monday conversation with U.S. President Donald Trump. Carney stated that he reiterated his Davos stance to the President, clarifying his position on global power dynamics. The prime minister also discussed various topics with Trump, including trade and the upcoming CUSMA review, emphasizing Canada’s proactive approach. These comments directly contradict statements by U.S. Treasury Secretary Scott Bessent, who claimed Carney walked back his initial comments.
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According to a recent report by the International Monetary Fund (IMF), Canada’s economy could see a nearly seven percent increase in real GDP, equivalent to $210 billion, by removing internal trade barriers between provinces and territories. These barriers act as a nine percent national tariff on average, with significantly higher rates in service sectors like healthcare and education. The report highlights that smaller provinces and northern territories are disproportionately affected by these costs, and that services, which constitute the majority of trade costs, were largely exempt from the recent agreement to drop trade barriers on goods. The IMF emphasizes that removing these barriers is a cost-effective way to boost productivity, strengthen economic resilience, and promote inclusive growth.
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IJB will be hosting a conversation with TSN’s Rick Westhead in Toronto on January 29th. The discussion will provide an unflinching look at the complexities of Canadian hockey culture. Tickets are available for those interested in attending.
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Volkswagen is reportedly reconsidering plans for a significant Audi factory in the United States, attributing the decision to President Trump’s automotive tariffs. The company’s CEO disclosed that these levies resulted in a $2.5 billion loss during the initial nine months of 2025. German investments in the US experienced a substantial 45% year-on-year decrease during the same period. Following Trump’s warnings of potential further tariffs, and growing global trade uncertainty, the price of gold reached an unprecedented level.
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The U.S. Ambassador to Canada is cautioning of potential repercussions to the continental defense pact, NORAD, if Canada doesn’t move forward with the purchase of 88 F-35 fighter jets. He suggests the U.S. would need to increase its own fighter jet presence in Canadian airspace to address threats. This would happen if Canada chooses an “inferior product” according to the ambassador, with the F-35 being more interoperable. Some experts view this as a political pressure tactic, while others acknowledge the importance of interoperability with the U.S. Air Force.
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Following a potential trade agreement between Canada and China, former U.S. President Donald Trump threatened to impose a 100% tariff on Canadian goods. This threat, posted on Truth Social, came after a deal was announced between Canada and China to lower tariffs on canola oil and electric vehicles. The move has sparked a diplomatic dispute, as Canadian officials deny pursuing a free trade deal with China. Earlier in his term, Trump had expressed support for a potential trade deal with China, demonstrating a shift in stance.
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John Q. Hosedrinker