Afternoon front page: Canada’s submarine problem; B.C.’s pipeline ‘extortion’; and more

The Growth Op
Mon, Jul 13
Key Points
  • Canada's Royal Canadian Navy remains stuck with four problematic diesel-electric submarines acquired in the late 1990s, with replacements not expected until 2034, followed by crew training time.
  • Economist Jack Mintz criticizes British Columbia collecting royalties from a proposed new pipeline, calling it an illogical and extortionate precedent.
  • Investor Brett Wilson discusses how Alberta's economy could experience a boom if Ottawa loosens anti-development restrictions imposed during Justin Trudeau's decade in power.
  • Ontario's premier suggests illegal residents should not receive the same support as other residents and is open to changing provincial regulations to clarify this stance.

It’s Monday, July 13. Here are the top stories we’re following today.

Canada is stuck with the four problem-plagued diesel-electric subs the Royal Canadian Navy acquired in the late 1990s because the replacements are not due to start arriving until 2034. And then it will take time to train the crews on the new subs.

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Allowing British Columbia to collect royalties from the proposed new pipeline is “such a bad precedent. It has no logic to it, outside of being extortion,” said economist Jack Mintz.

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Veteran Calgary-based investor Brett Wilson explains how the province might boom after just a slight loosening of the anti-development choke-hold Ottawa had Alberta in for a decade under Justin Trudeau.

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In a post to X, the premier suggested illegal residents shouldn’t get the same support as other Ontarians, and added, along with a link to a National Post story: “If provincial regulations need to be changed to make that crystal clear, we’ll change them.”

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“Professional activist” Naomi Klein has apologized for supporting a U.S. Democratic U.S. Senate nominee accused of sexual assault, but she was willing to overlook his Nazi SS tattoo, Newman writes.

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