The M&E Dispatch // 057
Dispatch from the North: Carney Draws a New Borderline on Canada–U.S. Trade
Dispatch from the North: Carney Draws a New Borderline on Canada–U.S. Trade
March 28, 2025 | Read Online
The M&E Dispatch // 057
Dispatch from the North: Carney Draws a New Borderline on Canada–U.S. Trade
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Hello Everyone,
This morning finds me in Prince George BC, a city that once boasted the world's largest pulp mill, and I can tell you that the smell of US/Canada relations fills the air.
Rotten Milk and sour trade, that’s what it smells like.
Prime Minister Mark Carney made headlines by stating that “Canada’s old relationship with the U.S. is over.” on the back of President Trump’s latest issuance of 25% tariffs slapped on Canadian auto imports.
To quote Carney, the new chapter means “reimagining” Canada's economic positioning — a line that may soon appear in both political science textbooks and future Heritage Minutes.
The numbers back the mood. A recent Angus Reid poll shows that 91% of Canadians support reducing economic dependence on the U.S. The phrase “friendly neighbour” is getting replaced with “strategic hedging,” as Canada starts looking further afield — and inward — for trade relationships.
On the ground, retaliatory tariffs are already being drafted, and a CA$2 billion fund has been announced to support domestic auto-sector jobs. Meanwhile, Canadians are expressing themselves in new ways: boycotting U.S. products, boo’ing the Star-Spangled Banner, and reviving an affection for homegrown brands and industries.
It feels like a turning point. Whether you’re on the assembly line in Ontario, in the boardroom in Calgary, or watching bantam hockey in Prince George (my son is competing today in the BC Hockey Program of Excellence) — there’s a shared sense that the country is bracing for what comes next.
For the mining and energy sector, the implications are clear: new corridors of cooperation must be explored, especially as Canada repositions itself globally. Infrastructure, transport, and supply chains may be re-anchored with less U.S. input and more diversified partners. Domestic resilience will matter more than ever.
This is more than just trade friction. It’s a redefinition. And it’s playing out far beyond Ottawa — in towns like Prince George, where resource industries built the backbone of this country, and where future leaders show they can take a hit and keep playing.
// The Dirt
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Tocvan Drills Highest-Grade Interval Yet Outside Main Zone
New drillhole at Gran Pilar hit 21.6 g/t gold and 209 g/t silver over 3m, part of a broader 64.9m zone grading 1.2 g/t Au.
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PPX Mining Wraps Up Production of Key Plant Equipment
With major components ready for shipment, PPX advances its 350 tpd CIL and Flotation plant build.
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Silver Mountain to Consolidate Shares 15:1
The TSXV-listed company will consolidate its shares on a 15-to-1 basis as part of its corporate restructuring strategy.
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In Memory: George Dorin (Eastern Platinum)
Eastern Platinum shares news of the passing of Board Chair George Dorin. A valued leader and advocate, George served the board with distinction since 2016.
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Brunswick Exploration Highlighted for Greenland Lithium Efforts
The Innovation News Network showcases Brunswick’s role in unlocking Greenland’s lithium potential.
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Inomin Expands Beaver-Lynx Project to 28,000 Hectares
New claims were staked following airborne surveys that identified fresh mineral targets in south-central BC.
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Mason Resources Appoints Gregory Duras as CFO
With 30+ years of capital markets experience, Gregory Duras joins Mason as CFO to drive strategy and financing.
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Canuc and Macdonald Mines Release Supplemental Info
Companies provide new details to shareholders ahead of the special meeting vote on their proposed acquisition transaction.
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Angkor’s EnerCam Lays Out 350 km Seismic Program in Cambodia
New seismic lines are planned for Block VIII as part of expanded oil and gas exploration.
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Adyton Wraps 4,000m at Wapolu, Plans Gameta Next
Drilling is done at Wapolu, and preparations are underway for follow-up at Gameta with landowner backing.
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As a side note, you never truly understand just how massive British Columbia is until you drive from Cranbrook to Prince George and realize that you’re not even halfway to the northern border…
Vast Riches. That should be our new Provincial slogan.
Have a great weekend everyone.
-Lee
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