| Balancing coastal wealth & rural poverty while courting foreign investment #China #Economy |
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Canada-US Relations Fracture: Military Crisis in the North | Jonathan Roth
2024-12-24
US-Canada relations are strained. Many in the US believe Canada isn’t doing enough to choke off illegal immigration or to protect our shared security interests in the Arctic.
As Pippa Malmgren once said here on Global Macro Update, we are in a “hot war in cold places.” One of those places is the Arctic, which is rich in oil and mineral resources, including rare earths. It also offers critical alternative shipping routes, which China would like to dominate.
Canada lacks the military capacity to protect all this from Russian and Chinese interests.
Internally, Canada’s government is under pressure. Members of Prime Minister Trudeau’s own party are telling him to step down. Canada’s national debt has roughly doubled since he became PM in 2015. And the nation is suffering from many of
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