'Impossible' to predict Trump's next tariff move, economics expert says
Moshe Lander, senior lecturer of economics at Concordia University, says although it's a relief that tariffs have been paused for one month on Canadian goods, there is still a level of uncertainty when it comes to predicting what U.S. President Donald Trump could do next.
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Toronto Sun
37 minutes ago
- Toronto Sun
B-2 bombers have reportedly taken off from U.S. as Trump weighs Iran strike
Published Jun 21, 2025 • 1 minute read This April 4, 2005 Department of Defense handout image shows a B-2 Spirit multi-role bomber conducting air refueling operations with a KC-135 Stratotanker over the Pacific Ocean. Photo by U.S. Department of Defense / AFP via Getty Images B-2 stealth bombers have taken off from the U.S. and are headed over the Pacific, multiple news outlets reported, as President Donald Trump weighs American involvement in the war between Israel and Iran. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The moves, picked up by flight tracking services on Saturday, indicate that the administration is getting the Air Force bombers in position if needed for a strike on Iran, the Wall Street Journal reported. The planes, accompanied by refueling tankers, may be on their way to a base in Guam, according to the report. Speculation about a potential U.S. strike aimed at Iran's nuclear program has focused on the B-2s, which would be needed to drop 30,000-pound bombs — so-called bunker busters — if Trump decided to target Iran's heavily fortified uranium enrichment site at Fordow. Israel, which is seeking to destroy Iran's nuclear capabilities, does not have such weapons. Multiple B-2s appeared to be airborne and heading across the Pacific from Whiteman Air Force Base in Missouri, the New York Times reported. The Times cited flight trackers' posts on social media and air traffic control communications. This advertisement has not loaded yet, but your article continues below. The Pentagon and the White House did not immediately return messages seeking comment. Trump's is scheduled to return to the White House Saturday and meet with his national security team. The U.S. president has sent mixed signals, discounting European efforts to secure a diplomatic solution between Israel and Iran while keeping possible US involvement in the conflict on the table. 'I'm giving them a period of time,' Trump told reporters Friday. 'I would say two weeks would be the maximum.' — With assistance from María Paula Mijares Torres and Akayla Gardner. Read More Columnists Toronto & GTA Columnists Toronto & GTA Editorial Cartoons
Toronto Star
an hour ago
- Toronto Star
Rejecting Trump's rhetoric, Maine's governor heads to Maritimes to build ties
HALIFAX - Maine's governor is heading to the Maritimes next week with hopes a charm offensive will slow the rapid drop in Canadian tourist visits to her state. In a release issued Friday, Janet Mills says she's aware the historically close relationship between New England and its northern neighbours has been challenged by U.S. president Donald Trump's tariffs and his rhetoric about Canada becoming the 51st state.
Toronto Sun
an hour ago
- Toronto Sun
GOLDSTEIN: Prepare for more billion-dollar boondoggles
Reports by financial watchdogs of government spending suggest there are major concerns about how public infrastructure projects will be approved Get the latest from Lorrie Goldstein straight to your inbox Canadian Prime Minister Mark Carney speaks as he attends a tour of the Fort York Armoury in Toronto on June 9, 2025 in Toronto, Canada. Photo by Cole Burston / Getty Images What happens when Prime Minister Mark Carney's promise of massive new federal spending on public infrastructure and speedy approval of 'nation building projects' runs into the fact the federal public service routinely ignores the rules for spending public money and approving such projects? This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The answer, potentially, is the waste of mega-billions of public dollars on projects that are so poorly administered, some may never be completed. The issue isn't the policies themselves. Carney's Liberals and the official opposition Conservatives agree with streamlining the process for green-lighting projects such as pipelines, mines and other forms of energy infrastructure, if they are endorsed by the province and Indigenous groups where they occur. That was evidenced by their rapid approval of Bill C-5, the One Canadian Economy Act on Friday, before Parliament adjourned for the summer. Liberals and Conservatives passed the legislation intended to boost the Canadian economy given the damage caused by President Donald Trump's tariff war and the fact the U.S. is no longer a reliable trading partner or ally of Canada. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The legislation is now headed to the Senate, scheduled to sit until June 27, for final approval before Canada Day on July 1. Read More But recent reports by Parliament's two financial watchdogs of government spending – Auditor General Karen Hogan and Parliamentary Budget Officer Yves Giroux – suggest there are major concerns about how these projects will be approved. Hogan reviewed the Liberal government's approval of the notorious ArriveCan app that was supposed to cost $80,000 and ended up costing about $60 million, as well as 106 other professional services contracts awarded by 31 federal departments and agencies and one Crown corporation to IT staffing firm GCStrategies Inc. from 2015 to 2024. This advertisement has not loaded yet, but your article continues below. They totalled up to $92.7 million – of which, $64.5 million was paid out. Hogan found a widespread failure within the federal public service to follow the rules in awarding these contacts intended to ensure taxpayers get good value for money. She said the same thing happened when she examined 97 contracts awarded by 20 federal departments agencies and Crown corporations valued at $209 million, with $200 million paid out, to management consulting firm McKinsey & Company, from 2011 to 2023. 'I said it back then and I'll repeat it now – I have no reason to believe this is unique to two vendors and that's why I believe the government needs to take a step back and look at why this is happening,' Hogan warned. Hogan took the unusual step of not making any recommendations on her findings, saying the problem isn't a lack of rules but the federal bureaucracy ignoring them. This advertisement has not loaded yet, but your article continues below. In a separate report, Hogan estimated the cost of replacing Canada's aging fleet of CF-18 fighter jets with 88 new F-35s, increased by almost 50% within two years – from $19 billion in 2022 to $27.7 billion in 2024. In addition, another $5.5 billion will be needed for infrastructure needed to make the new jet fighters fully operational, because the government relied on outdated data and failed to develop contingency plans for managing financial risks associated with the project. She also noted a long-standing shortage of trained fighter pilots. In a report released Thursday, parliamentary budget officer Yves Giroux said because Carney has delayed the federal budget until fall, he can't determine whether his claim he will balance the federal operating budget by 2028-29 is credible. This advertisement has not loaded yet, but your article continues below. Nor can he determine whether Carney will achieve his commitment to increase federal spending on defence to the NATO target of 2% of GDP this fiscal year, and whether the government's overall financial plan is fiscally sustainable. In his election platform Carney's outlined $130 billion in new spending over four years with total deficit spending of $224.8 billion. That's 71% higher than the $131.4 billion in deficit spending the Trudeau government predicted during the same period last December. The problem, Giroux said, is that Carney is claiming he can balance the operating budget, the cost of running the government, within three years, while financing new capital spending on infrastructure with more public debt. This advertisement has not loaded yet, but your article continues below. 'There is no commonly accepted definition of what is defined as 'operating' or 'non-operating capital' spending,' Giroux wrote, meaning he 'is unable to assess whether the government's recent policy initiatives presented in Parliament … are consistent with achieving its new fiscal objective … This means the government could achieve its fiscal objective and yet be fiscally unsustainable.' Unless the federal government addresses the concerns of the auditor general and parliamentary budget officer, expect for more billion-dollar boondoggles of the type we've seen so often in the past. lgoldstein@ Columnists Toronto & GTA Columnists Toronto & GTA Sunshine Girls
