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Article content Canada is examining the use of export taxes on major commodities it exports to the U.S. — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad tariffs. Recommended Videos Export levies would be a last resort for Canada, according to officials familiar with the discussions inside Prime Minister Justin Trudeau’s government. Retaliatory tariffs against U.S.-made goods, and export controls on certain Canadian products, would be more likely to come first, said the people. But commodity export taxes — which would drive up costs for U.S. consumers, farmers and businesses — are a real option if Trump decides to start a full-scale trade war, said the officials, speaking on condition they not be identified. Trudeau’s government may also propose giving itself expanded powers over export controls as part of a scheduled update on the country’s fiscal and economic situation to be released on Monday, they said. Canada is by far the largest external supplier of oil to the U.S.; some refineries depend on buying cheaper Canadian heavy crude and have few alternatives to it. The U.S. Midwest would be hit particularly hard by higher costs. Fuel makers in the region rely on Canada for almost half of the crude they turn into gasoline and diesel. Canadian uranium is also the biggest foreign source of fuel for U.S. nuclear power plants, and potash from the country’s western provinces is a huge source of fertilizer for American farms. Meanwhile, the U.S. Department of Defense has been investing in Canadian projects to secure sources of cobalt and graphite and reduce reliance on Chinese supply chains. For those reasons, some observers have said they expect Trump will exempt commodities from his threat to place 25% levies on goods from Mexico and Canada, and focus instead on using tariffs against their manufacturing industries. In Canada’s case, that includes the auto manufacturing, aerospace and aluminum sectors, which are centred in Ontario and Quebec, where about 60% of Canadians live. Trudeau’s government would have no choice but to respond if Trump simply exempted energy while hitting all other Canadian products, said the officials, adding that’s a scenario that could prompt the use of export taxes by Canada. ‘Terrible Idea’ But for the prime minister, going down this path would cause serious political divisions within Canada. Oil, uranium and potash production are concentrated in the western provinces of Alberta and Saskatchewan. Those provinces are the strongest voter base for Conservative Leader Pierre Poilievre, and their provincial governments are staunch right-wing opponents of Trudeau. “It’s a terrible idea,” Alberta Premier Danielle Smith said when asked about the possible use of export taxes. “I don’t support tariffs on Canadian goods and I don’t support tariffs on U.S. goods because all it does is make life more expensive,” Smith said. “Instead, we’re taking a diplomatic approach and we’re meeting with our allies in the U.S.” Saskatchewan Premier Scott Moe said export taxes “are the wrong approach and Saskatchewan will vehemently oppose the federal government imposing export taxes on our potash, uranium or oil.” In an emailed statement via a spokesperson, Moe said Trudeau has not brought up export taxes during his phone calls with premiers, so “if they are under consideration, that would be a complete betrayal by the Trudeau government of the team approach they have been advocating and a complete betrayal of Canadians.” The Canadian dollar extended losses after the Bloomberg News report, falling as low as C$1.4212 per U.S. dollar. Shares of some Canadian commodities producers, including uranium miner Cameco Corp. and potash producer Nutrien Ltd., intially dropped. A spokesperson for industry group Fertilizer Canada said export curbs are a bad idea. “Due to the significant role fertilizer plays in food security, we consider it a humanitarian product and as such should not be subject to trade restrictions,” spokesperson Kayla FitzPatrick said by email. High-Grade Uranium Although oil has received the most attention, uranium is also a critical source of imported energy for the U.S. Due to its civilian-military dual uses, the Canadian government can already apply export controls under existing authorities. Canada supplies the U.S. with about a quarter of its uranium needs for nuclear reactors, with the bulk of the material coming from ultra-high-grade mines in Saskatchewan. Cameco, the world’s second-largest uranium producer, sells its uranium and fuel services directly to nuclear utilities predominantly in the Americas. U.S. nuclear reactors rely heavily on uranium imports, as domestic production of the material is virtually non-existent. Trudeau has publicly said Canada’s economy would be devastated if Trump followed through with 25% tariffs on everything the U.S. imports from Canada. An export tax on commodities is a risky proposition for the Canadian economy, too — energy products alone make up about 30% of its exports to the U.S. Steve Verheul, who was Canada’s chief trade negotiator during Trump’s first term and is now a private consultant, raised the prospect of export taxes as a tool Canada might need to use in a negotiation over tariffs. Trump may decide to exempt oil, gas and food from his tariff plan, Verheul said at a Bank of Montreal event last week. Canadian officials are well aware of this, he said, and there is a discussion that it could “make sense for Canada to apply export taxes to those products in order to try to negotiate a broader exemption across all the sectors,” he said. “I think this fight could escalate in certain ways if that kind of action is taken,” Verheul said. Chrystia Freeland, Canada’s finance minister and deputy prime minister, has also suggested retaliation involving commodities. After a meeting with provincial premiers on Wednesday, she said some of them had proactively listed items — including critical minerals and metals — that could be part of a response. Trudeau has experience battling Trump on tariffs during the renegotiation of the North American Free Trade Agreement in 2017 and 2018. Trudeau’s primary goal is still to avoid a trade war with its No. 1 trading partner, and his government is planning major announcements on border security to show they are responsive to Trump’s goal of stemming the flow of migrants and fentanyl into the U.S. Canada is a much smaller source of both compared with Mexico, according to U.S. government data. —With assistance from Jacob Lorinc and Erik Hertzberg.YouTube TV is hiking its monthly price, again. Here's what to know NEW YORK (AP) — Are you a YouTube TV subscriber? Your monthly bills are about to get more expensive again. YouTube has announced that it’s upping the price of its streaming service’s base plan by $10 — citing rising content costs and other investments. The new $82.99 per month price tag will go into effect starting Jan. 13 for existing subscribers, and immediately for new customers who sign up going forward. YouTube TV has rolled out a series of price hikes over the years. When launched back in 2017, the going price of its streaming package was $35 a month. By 2019, that fee rose to $50 — and has climbed higher and higher since. Country star Morgan Wallen sentenced in chair-throwing case NASHVILLE, Tenn. (AP) — Country music star Morgan Wallen has pleaded guilty to two misdemeanor counts of reckless endangerment. He had been charged for throwing a chair from the rooftop of a six-story bar in Nashville and nearly hitting two police officers with it. Wallen appeared in court alongside his attorney on Thursday. He was sentenced to spend seven days in a DUI education center and will be under supervised probation for two years. According to the arrest affidavit, Wallen was accused of throwing a chair off the roof of Chief’s bar on April 7. The chair landed about a yard from the officers. Witnesses told police they saw Wallen pick up a chair, throw it off the roof and laugh about it. The wife of a Wisconsin kayaker who faked his own death moves to end their marriage MADISON, Wis. (AP) — The wife of a Wisconsin kayaker who faked his own drowning so he could abscond to Europe has filed a court action to end the couple's marriage. Online court records indicate Emily Borgwardt filed a petition in Dodge County Circuit Court on Thursday seeking to annul her marriage to Ryan Borgwardt. A hearing has been set for April. According to court documents, Ryan Borgwardt staged his own drowning by leaving his overturned kayak floating on Green Lake. He flew to Eastern Europe, where he spent several days in a hotel with a woman before taking up residence in the country of Georgia. He is charged with misdemeanor obstruction in Green Lake County. San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo SAN FRANCISCO (AP) — A block in downtown San Francisco has been renamed for acclaimed photojournalist Joe Rosenthal, who won the Pulitzer Prize for his iconic photo of U.S. Marines raising the flag on the Japanese island of Iwo Jima during WWII. The longtime staff photographer for the San Francisco Chronicle, who died in 2006 at age 94, is also remembered for the 35 years he spent documenting the city's famous and not so famous for the daily newspaper. He photographed a young Willie Mays getting his hat fitted as a San Francisco Giant in 1957. He also photographed joyous children making a mad dash for freedom on the last day of school in 1965. Nearly half of US teens are online 'constantly,' Pew report finds Nearly half of American teenagers say they are online “constantly,” despite concerns about the effects of social media and smartphones on their mental health. That's according to a new report published Thursday by the Pew Research Center. As in past years, YouTube was the single most popular platform teenagers used — 90% said they watched videos on the site, down slightly from 95% in 2022. There was a slight downward trend in several popular apps teens used. For instance, 63% of teens said they used TikTok, down from 67% and Snapchat slipped to 55% from 59%. Wander Franco's sex abuse trial has been postponed 5 months PUERTO PLATA, Dominican Republic (AP) — The trial against Tampa Bay Rays shortstop Wander Franco, who has been charged with sexually abusing a minor, sexual and commercial exploitation against a minor, and human trafficking, has been postponed until June 2, 2025. Dominican judge Yacaira Veras postponed the hearing Thursday at the request of prosecutors because of the absence of several key witnesses in the case. Franco’s lawyers asked the court to reconsider the postponement, arguing Franco must report to spring training in mid-February. The judge replied that Franco is obligated to continue with the trial schedule and his conditional release from detainment. Turning dusty attic treasures into cash can yield millions for some and disappointment for others THOMASTON, Maine (AP) — Kaja Veilleux has been hunting New England attic treasures for more than 50 years. He once found a copy of the Declaration of Independence sitting on a trash heap, and he made headlines this year when he stumbled upon a million-dollar portrait that may have been painted by the Dutch master Rembrandt. Many people dream of cashing in on some dusty old heirloom. Veilleux helps people sort the gems from the junk when he appraises furniture, antiques and art by using his knowledge of what similar items have sold for in the past. Indian teen Gukesh Dommaraju becomes the youngest chess world champion after beating Chinese rival NEW DELHI (AP) — Indian teenager Gukesh Dommaraju has become the youngest chess world champion after beating the defending champion Ding Liren of China. Dommaraju, 18, secured 7.5 points against 6.5 of his Chinese rival in Thursday's game which was played in Singapore. He has surpassed the achievement of Russia’s Garry Kasparov who won the title at the age of 22. Dommaraju is now also the second Indian to win the title after five-time world chess champion Viswanathan Anand. The Indian teen prodigy has long been considered a rising star in the chess world after he became a chess grandmaster at 12. He had entered the match as the youngest-ever challenger to the world crown after winning the Candidates tournament earlier this year. Selena Gomez reveals engagement to Benny Blanco Selena Gomez is having quite a year, and it’s being capped with an engagement to music producer and songwriter Benny Blanco. The Grammy- and Emmy-nominated performer announced she was off the market in an Instagram post Wednesday of her ring, with the caption “Forever begins now.” Celebrity fans sent their congratulations, with rapper Lil Nas X writing “So happy for you both” and Taylor Swift saying “Yes I will be the flower girl.” Gomez became a Golden Globe double nominee Monday for her roles in “Emilia Pérez” and “Only Murders in the Building.” Fewer US grandparents are taking care of grandchildren, according to new data Fewer grandparents were taking care of grandchildren, there was a decline in the number of preschoolers and more people were staying put in their homes in the first part of the 2020s compared with the last part of the 2010s. That's according to U.S. Census Bureau data released Thursday, reflecting some of the effects of the COVID-19 pandemic. The latest figures from the most comprehensive survey of American life compares the periods of 2014-2018 and 2019-2023. Those timeframes were before the pandemic and during the years of the virus’ spread. Some of the changes are COVID-19 related, while others are the result of other occurrences like the opioid crisis.
A proposal to ban a transgender Montana lawmaker from using the women’s bathroom in the state's capitol building failed on Tuesday. The proposed amendment, introduced by Republican Rep. Jerry Schillinger of Circle, would have required state legislators to use restrooms based on their biological sex at birth. The amendment needed to receive a majority from House members and Senate members on the joint rules committee to advance. It got enough votes to pass on the Senate side, but not the House. Rep. Zooey Zephyr, D-Missoula, was Montana’s first openly transgender female lawmaker. Rep. SJ Howell, D-Missoula, was the first nonbinary lawmaker. Both were first elected in 2022 and reelected this year. RELATED STORY | Montana transgender lawmaker on Capitol Hill's bathroom ban: 'Do not cede ground' On social media, Zephyr thanked her colleagues — particularly her republican colleagues — who she said “recognized this as a distraction from the work we were elected to do.” Rep. David Bedey, R-Hamilton, one of four Republicans to vote against the proposal, said, “This particular action will have the effect of making people famous in the national news and will not contribute to the effective conduct of our business." This comes after some intense moments last month in Washington after a Republican representative from South Carolina proposed a similar ban on Capitol Hill ahead of the first openly transgender member of Congress, Rep. Sarah McBride, D-Delaware, taking office next year. RELATED STORY | Justices seemingly unmoved to overturn transgender health care ban for minorsISSAQUAH, Wash., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation ("Costco" or the "Company") COST today reported net sales of $21.87 billion for the retail month of November, the four weeks ended December 1, 2024, an increase of 5.6 percent from $20.71 billion last year. For the twelve-week first quarter ended November 24, 2024, the Company reported net sales of $60.99 billion, an increase of 7.5 percent from $56.72 billion last year. Net sales for the first thirteen weeks were $66.52 billion, an increase of 7.2 percent from $62.04 billion last year. Comparable sales were as follows: 4 Weeks 12 Weeks 13 Weeks Retail Q1 FY'25 YTD U.S. 3.4% 5.2% 4.7% Canada 3.7% 5.8% 5.7% Other International 1.3% 4.7% 5.7% Total Company 3.1% 5.2% 5.0% E-commerce -3.1% 13.0% 10.1% Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows: 4 Weeks 12 Weeks 13 Weeks Retail Q1 FY'25 YTD U.S. 4.3% 7.2% 6.6% Canada 5.7% 6.7% 6.8% Other International 7.3% 7.1% 8.5% Total Company 4.9% 7.1% 6.9% E-commerce -2.5% 13.2% 10.5% E-commerce sales in November were negatively impacted by an estimated 15 percentage points, due to Thanksgiving / Black Friday / Cyber Monday occurring a week later this year versus last year. Total and comparable sales were negatively impacted by approximately one and one-half percent as a result of the shift in E-commerce sales. Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on "Events & Presentations"). This message will be available through 4:00 p.m. (PT) on Wednesday, December 11, 2024. Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia. Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "might," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP. CONTACTS: Costco Wholesale Corporation David Sherwood, 425/313-8239 Josh Dahmen, 425/313-8254 Andrew Yoon, 425/313-6305 COST-Sales © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kirk Herbstreit shares heartfelt letter from Joe Biden after death of beloved dog BenST. PAUL — A buck harvested near Wheaton in western Minnesota during the opening weekend of firearms season has tested positive for chronic wasting disease, the Minnesota Department of Natural Resources reported on Thursday, Dec. 12. The adult male deer was harvested within Deer Permit Area 271 along the Minnesota - South Dakota border. To date, no wild deer with CWD had been previously detected in that area, nearby permit areas or near the Minnesota border in eastern South Dakota. ADVERTISEMENT “This discovery in western Minnesota, while unwelcome news, highlights the importance and necessity of our disease surveillance efforts and allowing hunters to test deer harvested anywhere in the state if they would like to,” said Erik Hildebrand, wildlife health supervisor with the Minnesota Department of Natural Resources. Deer Permit Area 271 includes all of Traverse County and small portions of northern Big Stone and Wilkin counties. It is located north of Big Stone Lake and the Minnesota River Valley habitat corridor. The permit area is heavily farmed with limited public lands and habitat. So far this year, the total deer harvest in that permit area totals 397, with 303 of the total being adult males, according to the DNR website. Following the detection near Wheaton, the Minnesota DNR will implement measures outlined in its CWD response plan, which calls for three consecutive years of testing to help determine the potential prevalence of the disease in Deer Permit Area 271 and surrounding permit areas. The Minnesota DNR also will work with the South Dakota Game, Fish and Parks and the North Dakota Game and Fish Department to coordinate surveillance of chronic wasting disease and management activities in the vicinity. Within deer permit areas where CWD has been detected and confirmed, the Minnesota DNR uses multiple management actions designed to help mitigate disease spread, including carcass movement restrictions, a deer feeding and attractants ban, and, sometimes, increased hunting opportunities with increased bag limits. In 2024, Deer Permit Area 271 will not be included in the CWD late-season management hunt that takes place Dec. 20-22. The adult male deer in that permit area that tested positive for CWD was harvested during the breeding season when deer are known to travel longer distances. ADVERTISEMENT Before deciding whether to remove additional deer in a CWD management hunt, the DNR will conduct surveillance in the fall of 2025 to better understand disease prevalence in the permit area.
Crypto trading volume blew past a key milestone last month, according to a report from CCData. Digital asset trading on centralized finance platforms topped $10 trillion for the first time ever in November, surging 101% to hit $10.4 trillion, the report says. Monthly spot trading was up 128% to $3.43 trillion, marking the second-highest monthly total, while derivatives trading volume climbed 89.4% to $6.99 trillion, setting a record high, the report says. The big jump in trading activity points to the huge burst of bullish sentiment unleashed by Donald Trump's election win, which crypto players are hopeful will usher in a new golden age for digital assets. Along the campaign trail, Trump sought to win the industry's vote and political donations, billing himself as the "crypto president" and frequently voicing his support for bitcoin. Among his most important campaign proposals was the founding of a national bitcoin reserve, which could put the token on par with strategic commodities like oil and gold. Since soared 42% since Election Day. The industry widely expects Trump to support policies easing regulation over the industry throughout his term, and he has already moved to appoint several crypto advocates to his cabinet, including as SEC Chair, the president-elect posted on on Wednesday. Atkins, a prior SEC Commissioner, will replace SEC chair Gary Gensler, who has taken a hard line on the industry and plans to step down on January 20. During his campaign, Trump had vowed to . "Since Election Day, the crypto market has surged," CoinDesk Indices' Andrew Baehr said in an email, adding, "Recent cabinet appointments and today's SEC news have bolstered sentiment and confidence among digital asset projects, new and old, suggesting a more navigable regulatory landscape ahead." Baehr says Ethereum's surge is likely the most important development of the last few weeks. "Bitcoin's regulatory path—oversight, futures, and ETFs—is well-established, as is its function as a macro asset and a store of value. Meanwhile, Ethereum, driven by use of stablecoins, smart contracts, and Web3 innovation, has shown stronger price performance post-election. It's the renewed perception of growth in these use cases that is most exciting these past few weeks," he said. The report also points to a surge in trade volumes in South Korea in particular, where an alt-coin frenzy brought volumes to record highs. The aggregate trade volume from five South Korean exchanges, including Upbit, rose 294% to $254 billion, the report says, making the country's market share of total spot trading volumes surge to over 7%. "Altcoins such as XRP have emerged as major beneficiaries of a more favourable regulatory environment in the U.S., following past classification as securities by the SEC. Trading activity in South Korea has been further boosted by the government's decision to delay the introduction of capital gains tax on digital asset trading for another two years," the report said. Read the original article on
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But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”UCL 2024-25: Man City stunned again as Feyenoord fights back to draw 3-3
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