Ontario Premier Vows to Ban Chinese State Firms from Energy Projects

Ontario Premier Doug Ford pledged on Monday to block Chinese state-owned enterprises from investing in energy, critical minerals, and major infrastructure if his party wins re-election this month.

Ford announced the policy at a nuclear components factory in Oakville, Ontario, accusing China of market flooding and supply chain manipulation. The ban would apply to government-funded projects across Canada’s most populous province.

The announcement comes amid rising US-China tensions and new US tariffs on metal imports. President Donald Trump announced Sunday he would impose 25% tariffs on steel and aluminum imports, affecting Ontario, which supplies about a quarter of US steel imports.

“If Canada and the US want to win, if we want to protect our workers and their paychecks, we need to fight together, not each other,” Ford said at the manufacturing facility.

Ford called for stronger Canada-US economic cooperation while announcing the measures against Chinese state enterprises. Current polls show his party leading ahead of the February 27 vote for control of Canada’s largest province.

The ban would specifically target equity purchases and investments from Chinese state-owned enterprises, marking a shift in provincial investment policy. Ford’s Progressive Conservatives seek their third consecutive majority government.

Cambria Gold Mines — sponsored Sponsored · Cambria Gold Mines

Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Gold & Copper Stocks Everyone Keeps Asking About | Oct. 12-16 – Weekly Mining Mailbag

Similar Gold Mines Are Valued 10X Higher. Why Not This One? | JW Dumont – Granada Gold Mine

The US Interest Bill Gold Can’t Ignore | Peter Grandich

Recommended

Sage Potash Expands Sage Plain Resource to 771.5 Million Tonnes, Adds First Measured and Indicated Tonnage

Cambria’s Silver Coin Infill Program Delivers 98.56 g/t Gold Over 8.2 Metres

Related News

Ontario Health Minister Refuses to Allow Toronto to Even Suggest It Should Decriminalize Drugs

The Ontario government is giving the Toronto Public Health’s request to decriminalize small amounts of...

Friday, May 17, 2024, 10:40:00 AM

Carney Warns of ‘Reprisals’ if Trump Tariff Negotiations Fail

Canadian Prime Minister Mark Carney said his government is holding back on immediate retaliation to...

Thursday, June 5, 2025, 10:45:00 AM

FAO: Ford’s Accelerated Alcohol Plan Could Cost Province Up to $1.9B

Ontario’s decision to accelerate the expansion of alcohol sales to convenience stores will cost taxpayers...

Tuesday, January 28, 2025, 10:31:17 AM

EU Threatens 30% Tariff If No Deal Is Reached By August 1

The EU has readied a €100 billion ($117 billion) counter-tariff package to mirror President Donald...

Wednesday, July 23, 2025, 10:03:00 AM

US Readies Up To 3,521% Tariff on Southeast Asian Solar Panels

The US Commerce Department is set to impose tariffs as high as 3,521% on solar...

Tuesday, April 22, 2025, 12:11:00 PM