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.


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

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Selkirk Copper Strikes New Lens Beneath Old Pit, Launches 50,000 Metre Phase 2 Program

Silver47 Pulls High-Grade Gold and Silver Assays from Nevada Vein Network At Kennedy

Related News

Investors Begin To Dominate Ontario’s Real Estate Market

Data from Statistics Canada for the year 2021 has shed light on the substantial ownership...

Thursday, October 19, 2023, 11:43:34 AM

Trump Blinks To Push Tariff Deadline With Mexico For 90 Days More

Against its own pronouncements, the US bought Mexico another 90 days on tariff discussion, pushing...

Friday, August 1, 2025, 11:06:00 AM

Bill Ackman Sounds Alarm Bells On Trump’s Tariff: “An Economic Nuclear Winter”

Bill Ackman is once again at the center of a heated market debate after he...

Monday, April 7, 2025, 04:26:00 PM

DONE LIKE DINNER: Ontario Dumps $28.9M ‘Gravy Plane’ in Sharp Policy Reversal

Ontario Premier Doug Ford has reversed course on a $28.9 million private jet purchase, announcing...

Sunday, April 19, 2026, 12:27:12 PM

Will Coca-Cola Switch to Cane Sugar Just Because Trump Said They Would?

The Coca-Cola Company (NYSE: KO) offered a diplomatically worded response Wednesday after President Donald Trump...

Thursday, July 17, 2025, 03:44:00 PM