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Ontario Premier threatens resource restrictions amid Canada-U.S. trade war
Tensions between Canada and the United States have escalated following the collapse of trade negotiations, leading to significant tariffs and a heated verbal exchange between political leaders. Ontario Premier Doug Ford has publicly criticized U.S. President Donald Trump, using strong language to describe him as a “dictator” and a “bully.”
In response to the trade dispute, Ford has suggested that Canada could use its natural resources as leverage, specifically mentioning the potential to restrict electricity and critical minerals, such as uranium and nickel, from being exported to the U.S. While Toronto Mayor Olivia Chow has expressed support for using electricity prices as a tool to gain Washington’s attention, experts suggest that a total cutoff would likely result in economic market shifts rather than immediate widespread blackouts in the U.S.
There is internal disagreement within Canada regarding these tactics. Alberta Premier Danielle Smith has opposed using energy exports as leverage, arguing that cutting off oil to the U.S. would be extremely harmful to Canadians. Meanwhile, the federal government has announced counter-tariffs on American goods and relief measures for impacted Canadian businesses.
Entities
Canada · Donald Trump · Doug Ford · Grant Pan · Jingbo Wang · Noah Holdings Limited · Ontario · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Total operating costs and expenses declined 13.7% year-over-year, and total headcount was reduced by approximately 17%. www.marketbeat.com
- [● 3 SOURCES] Noah Holdings Limited announced its unaudited financial results for the second quarter of 2026. businessintelligence.mo · www.marketbeat.com · news.cube-soft.jp
- [● 2 SOURCES] Operating income for the second quarter of 2026 was RMB 215.8 million (US$31.8 million), a 34% increase from the corresponding period in 2025. businessintelligence.mo · www.marketbeat.com
- [● 2 SOURCES] Non-GAAP net income attributable to Noah shareholders for the second quarter of 2026 was RMB 238 million (US$35.1 million), up 25.9% year-over-year. businessintelligence.mo · www.marketbeat.com
- [○ 1 SOURCE] Performance-based income, or carry, totaled RMB 138 million in the second quarter. www.marketbeat.com
- [● 2 SOURCES] Net revenues for the second quarter of 2026 were RMB 619.9 million (US$91.4 million), a 1.5% decrease from the same period in 2025. businessintelligence.mo · www.marketbeat.com
- [● 2 SOURCES] Net income attributable to Noah shareholders for the second quarter of 2026 was RMB 232.2 million (US$34.2 million), a 30% increase year-over-year. businessintelligence.mo · www.marketbeat.com
- [○ 1 SOURCE] International assets under management (AUM) in USD terms grew by 11.7% despite a decline in international relationship managers. news.cube-soft.jp