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Canadian PM Mark Carney: It’s my strong personal view that the international order will be rebuilt — but it will be rebuilt out of Europe.

Heather Exner Pirot "We have an opportunity to be an energy superpower, but instead we're choosing to be an energy colony of the United States again." Poilievre "We're never going to cut our American allies off of our energy." Tasker "The Trump administration is warning Canada against using energy as leverage in the CUSMA Review. But with the president's tariffs pummeling Canadian steel, autos and lumber, that's exactly what the government is preparing to do." @ExnerPirot @JPTasker

Oggi, a margine del Vertice della Comunità Politica Europea di Yerevan, ho avuto un colloquio con il Primo Ministro del Canada, @MarkJCarney. L’incontro ha permesso di verificare lo stato di attuazione del piano d’azione per la cooperazione rafforzata Italia-Canada, con particolare attenzione ai settori dell’innovazione tecnologica, della sicurezza e della difesa. Nel corso del colloquio, abbiamo ribadito piena sintonia sulle priorità in ambito G7, a partire dalla resilienza delle catene di approvvigionamento dei minerali critici e dal contrasto al traffico di migranti su cui abbiamo concordato di restare in stretto contatto in vista del Vertice di Evian. Abbiamo, infine, approfondito i principali dossier dell’agenda internazionale, riaffermando il comune impegno per una pace giusta in Ucraina e condividendo l’urgenza di una soluzione per la necessaria stabilità del Golfo e la tutela della libertà di navigazione nello Stretto di Hormuz.





The deadline for an agreement is now one month overdue, and a pipeline has been downgraded to “more likely than not” and the PM is Euro hobnobbing. What are we missing about generational speeds?


The risk premium is real: European buyers hold talks to ship Canadian LNG via Panama Canal to diversify supply Not swaps, as has been previously discussed. Physical supply from Ksi Lisims! reuters.com/business/energ…

New Parliamentary Budget Officer, Annette Ryan's, first report finds problems with the Government’s Major Capital Priorities The most damning part is the housing section, particularly the PBO's assessment that the govt's flagship Build Canada Homes (BCH) initiative is on track to deliver far too little supply amid declining momentum "Since Budget 2025, housing starts in Canada have continued to lose momentum... The PBO estimates that BCH could add approximately 26,000 units over five years, which would be insufficient to achieve the previously targeted pace of homebuilding." Defence: The long-term 5% of GDP commitment by 2035 lacks a year-by-year profile. PBO projects it could mean $159B in core spending in 2035–36 alone, adding $63B to the deficit that year and boosting debt-to-GDP by 6.3 points. This flags massive future fiscal risk but is framed as an estimate of an ambitious goal rather than current failure Infrastructure/Major Projects: Slow progress (e.g., biggest LNG projects not at final investment decision; Major Projects Office not yet releasing scorecards against its 2-year mandate) Productivity: Flat labour productivity growth (well below historical averages), with measures too new to show impact @PBO_DPB

Canadian PM Mark Carney: It’s my strong personal view that the international order will be rebuilt — but it will be rebuilt out of Europe.







Day Two of Rafi Boudjikanian’s Personal Armenia Crusade™ Rafi out here unpacking in his emotional baggage @CBCRaffy


NBC Summary on Bridger: Trump grants Presidential permit to Bridger Pipeline Expansion. The project envisions a 36-inch-diameter pipeline carrying 450 mb/d of Canadian crude over 645 miles from the U.S.-Canada border to Guernsey, Wyoming (a key Rockies crude hub). The route follows existing rights-of-way for 435 miles in Montana (across counties like Philips and Carter) and 210 miles in Wyoming (Crook to Platte), minimizing costs and risks. On the Canadian side of the border, SOBO refers to this as its Keystone Prairie Connector project. SOBO is evaluating after engaging shippers on long-term commitments; we suspect there will be good commercial appetite for additional Canadian egress. Note analyst Pat Kenny suggests the market appears to already be discounting Prairie Connector in SOBO current valuation, risk as you will but directionally perhaps suggests broader confidence the project is likely to proceed. Downstream from Guernsey (near capacity), flows could link to SOBO’s Keystone at Steele City for access to Cushing, Oklahoma; Patoka, Illinois; and Gulf Coast refineries. Alternatives include expanding the Pony Express pipeline (400-500 mb/d capacity) to Cushing. This initiative could reshape Canadian exports, boost PADD 4 flows, and enhance Guernsey's logistics role; A project like Bridger & Prairie Connector would further complement other Canadian export expansion efforts from ENB (Mainline Optimization Phase 1 150 mb/d by next year, and Phase 2 potential of 250 mb/d by 2028) and TMX’s proposed increases (via drag-reducing agents).

'Interference': Chinese consular officials met Vancouver city employee, urged her to cancel event highlighting communist party repression. globalnews.ca/news/11825739/…