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Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. Trump has spoken repeatedly in the past month about somehow turning the independent country to the north into the 51st US state. It is not clear whether Trump’s self-proclaimed “great idea” is mere trolling, a serious desire or an unorthodox negotiating tactic in bilateral discussions over trade, immigration and national security.

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Facts First:Trump’s categorical claim that “the people of Canada like it” is false. Though it’s certainly possible to find Canadians who support the idea of Canada becoming the 51st state, the idea is overwhelmingly unpopular with the Canadian public as a whole. ADecember pollby the firm Leger found that 82% of Canadians said they didn’t like the idea and just 13% said they liked it.

Facts First:False. The US goods and services trade deficit with Canada was about $40.6 billion in 2023,according to the US government’s Bureau of Economic Analysis, nowhere close to “$200 billion.” Even if you only consider trade in goods and ignore the services trade at which the US excels, the US deficit with Canada was about $72.3 billion in 2023, the bureau reported, still far shy of Trump’s figure. And it’s worth noting that the deficit isoverwhelmingly causedby the US importing a large quantity of inexpensive Canadian oil, whichhelps keep Americans’ gas prices down.

Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. Trump regularly describes US trade deficits as subsidies to other countries or losses to those countries, and he has done the same when talking about Canada. But having a trade deficit with Canada doesn’t mean the US is giving Canada free money. Rather, it means the US spent more to import Canadian products in a given year than Canada spent to import American products.

Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. And the US deficit with Canada is largely the result of the US bringing in a lot of one Canadian product: about3.9 million barrels of crude oil per dayon average in 2023. Trumpargued Tuesdaythat “we don’t need anything” from Canada, but heavy crude from the Alberta oil sands is inhigh demand by US refineries, mostly in the Midwest, that are designed to process heavy crude – into products like gasoline and diesel – rather than thelighter crudethe US tends to extract domestically.

“If (hypothetically) Canadian oil were not available, many US refineries would struggle to find heavy crude elsewhere, and they might even stop operating in such a scenario. Historically, Venezuela had been a large producer of heavy crude, but Venezuela’s oil industry is a shadow of its former self,”Pavel Molchanov, an energy expert who is an investment strategy analyst at Raymond James, said in an email.

“So, in fact, importing Canadian oil helps protect jobs in the US refining industry.Furthermore, US refining companies appreciate the fact that Canadian heavy crude is cheaper than the light sweet crude that is produced in Texas and Louisiana.”

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Facts First:Trump was wrong when he said Canada spends “less than 1%” of GDP on defense, though it’s true that Canada has consistently fallen short of the 2% target.Official NATO figuresshow Canada spent an estimated 1.37% of GDP on defense in 2024, up from an estimated 1.31% in 2023. Canada was above 1% for the entirety of Trump’s first presidency, ranging from 1.44% in 2017 to 1.29% in 2019.

Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. There’s a solid basis for Trump’s claim that Canada is “about the lowest payer in NATO.” In terms of defense spending as a percentage of GDP, NATO’s preferred metric, Canada was 5th lowest in 2024 out of the 31 members with a standing army (another member, Iceland, does not have a standing army). Trump’s predecessor,President Barack Obama, also pressed Canada to increase its defense spending, which Trudeau has done.

But Canadian defense policy expertStephen Saidemannoted in an email that in absolute terms – not factoring in the size of each member’s economy – Canada is actually one of NATO’slargest spenders on defense; it was 8th highest in 2024 out of 31 members excluding Iceland.

“Despite spending less than 2%, Canada is still one of the biggest spenders on military stuff – its economy is larger than most NATO members, so in absolute terms, it buys and spends a lot,” saidSaideman, the Paterson Chair in International Affairs atCarleton University in Ottawa and director of the Canadian Defence and Security Network.

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Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Trump said of Canadaon Tuesday: “They don’t, essentially, have a military. They have a very small military.” Herepeated on Thursday­: “They have virtually no military. They have a very small military.”

Facts First:Canadiandefense expertsandthe Canadian government itselfhave raised concerns about the size and readiness of Canada’s military, but that military very much exists – withmore than 63,000 regular servicemembersas of fall 2024, plus more than 20,000 reservists. The Canadian military has fought alongside the US military inthe war in Afghanistan(in which more than 150 Canadian troopsdied),the war against ISIS in Syria and Iraq,the Gulf War,the Korean Warand bothworldwars(in which tens of thousands of Canadian troops died), in addition to participating in other wars andpeacekeeping missions. The Canadian military and US military jointly operate theNorth American Aerospace Defense Command (NORAD)and conduct numerous other activities together, including ongoing strategic initiativesin Latviaandthe South China Sea.

Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. We won’t render a fact-check verdict here because Trump qualified his claims with the words “essentially” and “virtually.” And he’s entitled to question, as Canadian politicians have, whether Canada’s military is strong enough. But Canada certainly isn’t comparable to military-free Iceland.

“Canada’s military is not NATO’s largest, but it has regularly made significant contributions, such as holding downKandahar, one of the toughest places in Afghanistan, with little help until Obama’s surge. It is playing a significant role as theleader of the NATO effort in Latvia,” Saideman said. “It is in the middle of a major recapitalization effort that will give it88 F-35s, 15 frigates, and more. So, smaller than it should be? Sure. Very small? No. None? Not at all.”

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Facts First:Trump’s claim is false. Canada, which has the world’s largest coastline, has never been surrounded by Russian and Chinese ships, let alone been “constantly” surrounded. In fact, a smattering of Russian and Chinese militaryshipsandjets, as well asChinese research vesselsviewed with suspicion by Canada and the US, have been occasionally spotted in recent years in the vicinity of Alaska – and have been monitored or intercepted by the Canadian and US militaries.

Has the fundamentals of Kimia Biosciences Limited (530313) changed ✌️【Risk】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. The Canadian governmentwarned in Decemberthat among the “potential threats” in its Arctic region were “increased Russian activity in Canadian air approaches” and “China’s regular deployment of dual-use – having both research and military application – research vessels and surveillance platforms to collect data.” But a Canadian expert on Arctic security, Trent University professorP. Whitney Lackenbauer, said “there is absolutely no open source evidence that Canada is constantly surrounded by Russian and Chinese ships.” He said Trump’s claim is “misinformation” unless he is disclosing some unknown classified intelligence.

Lackenbauer said in an email: “When Chinese vessels have entered Canadian Arctic waters to conduct marine scientific research, they have acquired the requisite permits from the Government of Canada. There are no Russian fishing vessels (or intelligence-collecting boats masquerading as fishing vessels) active in Canadian waters like there are off the coast of Alaska – a simple glance at the map of the Arctic will explain the difference in geographical proximity – and there have been no Chinese-Russian joint exercises in or near Canadian waters as there have been off the coast of Alaska.”

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Huebert argued that the Trump administration would itselfworsen the Chinese and Russian naval threat to Canada in the Arcticif it decided to aggressively press the longstanding US argument that Canada’s claim to the Northwest Passage is “illegitimate,” as Trump’s then-Secretary of State Mike Pompeodeclared in 2019, and that the passage is actually international waters.

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