Trump's "shock and awe" plan for Canada

Here’s how many jobs he could wipe-out

Good morning – Here is your Saturday newsletter.

It’s Trump’s inauguration day on Monday, so let’s look at what’s at stake, and how corporations are pushing for more military spending to appease the new U.S. president.

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“When President Trump takes office next Monday, there is going to be shock and awe with executive orders,” said a senior Republican, evoking the devastating first day of the American bombing of Baghdad back in 2003. “A blizzard of executive orders on the economy, as well as on the border.”

The message of “shock and awe” was clear: Canada should surrender to Trump.

Ontario Premier Doug Ford called Trump's plan for a 25% tariff (a tax, in effect) on Canadian goods heading to the U.S. an attack on Canada this week.

“When they attack our country… when they attack our people… when they attack the jobs of hard-working Canadians… you can’t sit back and say ‘keep on attacking.’ You have to hit back,” he said.

How many jobs are at risk?

The premiers of Ontario and British Columbia predict 500,000 and 124,000 jobs could be lost respectively in their provinces.

But the figure might be much higher.