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

The Hidden Environmental Cost of Fertilizer | Robin Dow

Could Silver Stay This High? | Joaquín Marias – Argenta Silver

Can Historic Silver Data Turn Into a New Mine? | Rob Macdonald – Equity Metals

Recommended

Ottawa Backs First Phosphate Battery Grade Validation Push With $16.7M Boost

First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon

Related News

Make Copper Great Again? Trump Admin Mulls Tariffs On Copper

The Trump administration is reportedly weighing tariffs on copper imports in a bid to reinvigorate...

Wednesday, February 26, 2025, 08:03:00 AM

Canada To Adjust Steel Tariffs Against US On July 21

Canada will adjust its retaliatory tariffs against US steel and aluminum imports on July 21,...

Friday, June 20, 2025, 11:17:00 AM

Port Cargo Plunges 35% as Trump Tariffs Hit Los Angeles

Cargo volumes at the Port of Los Angeles have plummeted 35% as President Donald Trump’s...

Thursday, May 22, 2025, 07:32:37 AM

Will The New “Fentanyl Czar” Be Enough To Hold Trump Tariffs?

Ottawa has named Kevin Brosseau—once a deputy national security and intelligence adviser to Prime Minister...

Wednesday, February 12, 2025, 11:10:00 AM

China Retaliates: 15% Tariff On US Imports, Antitrust Probe For Google

In retaliation to President Donald Trump’s tariffs, China took swift action on Tuesday by imposing...

Wednesday, February 5, 2025, 02:57:00 PM