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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Ontario First Nation Seeks to Halt Ring of Fire Mining Development

Marten Falls First Nation has launched a legal challenge to block government participation in northern...

Tuesday, August 12, 2025, 12:02:00 PM

Mercedes-Benz Denies Exit Rumors as Auto Industry Braces for US Tariffs

Mercedes-Benz Group AG officially denied a Bloomberg report that it was considering withdrawing its cheapest...

Wednesday, April 2, 2025, 03:04:00 PM

Tariff-Ception: Trump’s Reciprocal Tariffs To Stage Compounded Global Trade Tension

President Donald Trump proposed Thursday to impose wide-ranging “reciprocal tariffs” on a host of trading...

Friday, February 14, 2025, 10:13:00 AM

Ontario Introduces Legislation To Protect Consumers From “Unfair Business Practices”

The Ontario government is taking a significant step by introducing new legislation aimed at fortifying...

Saturday, October 28, 2023, 02:35:00 PM

Trump Threatens Russia With Tariffs, Announces New Ukraine Weapons Plan

President Donald Trump announced Monday he will provide Ukraine with advanced US weapons and threatened...

Wednesday, July 16, 2025, 02:56:00 PM