The company that owns the Trump International Hotel in Vancouver, Canada, has filed for bankruptcy, according to Canadian records — raising questions about the future of one of President Trump’s newest hotels, just three years after it opened.
Trump does not own the Vancouver hotel; the building’s owner pays Trump’s company to operate the hotel and to license the Trump name. The Trump Vancouver hotel has already been closed for four months because of the coronavirus pandemic. By Friday — a day after the bankruptcy filing — the hotel’s website was taken down, its name was missing from Trump Hotels’ corporate website, and the Vancouver hotel’s accounts were deleted from Twitter and Facebook.
The suspension of imported pork from Canadian pork supplier Maple Leaf Foods will result in very limited impacts on the Chinese market as pork imports from Canada only represent a small proportion of the country’s meat supply, said one industry insider.
The insider’s remarks come after Maple Leaf Foods announced they will suspend pork exports to China following a recent coronavirus outbreak there, according to the company’s statement on August 18.
“Maple Leaf Foods has temporarily suspended pork exports to China on a voluntary basis due to recent protocols adopted by the Chinese government for Canadian processors,” said the statement.
The protocol requires any plant reporting a COVID-19 positive case suspend exports to China temporarily.
“We respect China’s new import protocols for Canadian products and are working cooperatively with Canadian and Chinese authorities to resume exports quickly,” said Michael McCain, president and CEO, in the statement.
China purchased around C$609 million ($462.7 million) of pork in 2019, making it Canada’s third-largest pork market in terms of both value and volume, according to a Reuters report Wednesday, citing industry data.
“Reducing Canadian imports will have little impact on China’s meat market and prices,” Gao Guan, deputy director of the China Meat Association (CMA), told the Global Times on Thursday, noting that Canada ranks below the top five pork importers in China, with Brazil, the US and Germany among the top five.
Morneau’s resistance to expensive environmental initiatives reflects his roots in Bay Street, and a view held among right-leaning Liberals that deficits are out of control.
“The idea of greening the economy just by spending money on every project you have in front of you is not really serious,” said a source sympathetic to Morneau’s position.
Possible budget measures range from investments to help provinces reduce their carbon footprint, boosting research into clean technology and encouraging the construction of efficient buildings.
Morneau, who has been embroiled in a recent scandal over the “We” charity that paid for him and his family’s expenses during a trip abroad, paid the $41,000 fee on the same day he was questioned by the Parliamentary Finance Committee recently. Since then, he has been under pressure to resign.
Morneau is stepping down from his post as Canada’s finance minister and as Member of Parliament for Toronto Centre. Morneau made the announcement during a press conference on Parliament Hill Monday evening.
Morneau replaced by this, Canada is going downhill fast.
Ottawa will impose retaliatory tariffs on U.S. goods in response to President Donald Trump’s decision to restore a 10 per cent tariff on Canadian aluminum imports.
Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland announced the measures Thursday evening hours after Trump said he would impose the tariffs during a campaign speech at a Whirlpool factory in Ohio, citing national security concerns.
Freeland, in a statement, said Canada “intends to swiftly impose dollar-for-dollar countermeasures” in response.
Shandong Gold Mining Co.’s plans on buying the gold mines from a Canadian company as experts believe it shows how China is expanding its presence in strategically important region.
The Canadian opposition party has raised concerns and has urged the Trudeau government to take steps as it holds a cabinet meeting over this deal.
The opposition has urged the Prime Minister to block the deal and discourage China from acquiring any more assets in the Arcitc after the US warned that China could be aiming to assert its importance in sensitive and important regions such as Arctic, similar to the South China Sea dispute.
The Dandong procuratorate in East China’s Liaoning Province on Friday initiated a public prosecution of Canadian national Michael Spavor for stealing sensitive intelligence from China. A branch court of People’s Procuratorate of Beijing Municipality has initiated a public prosecution of Michael John Kovrig, former Canadian diplomat, for stealing sensitive information from China.
Trudeau says he’s ‘disappointed’ after China charges two Canadians with spying https://www.cbc.ca/news/politics/trudeau-disappointed-spavor-kovrig-1.5619084 More disappointments coming.
Cirque Du Soleil, known as “National Treasure of Canada,” announced on China’s Twitter-like Sina Weibo that the troupe will return to the stage for their first series of post- COVID19 shows starting on June 3 in Hangzhou, capital of E China’s Zhejiang.
China accused Canada of being an “accomplice” in a US push to bring down Huawei and other Chinese tech giants on Wednesday, after a Canadian court sided against key Huawei executive Meng Wanzhou in an extradition battle. Judge Heather Holmes ruled that the fraud charges, not sanctions, were the key issue. Holmes also noted that, while Canada did not have economic sanctions against Iran when Meng was first detained, the US measures “were not fundamentally contrary to Canadian values.” What a “stunning” and “beyond imagination” argument! So Canada has made the decision to side with US in this new World War.
