$157.8 millionIf so that's really stupid virtue signalling of him.
Didn't we do that a few years with a helicopter contract? Canceled the contract, didn't get the new helicopters, and had to pay more in fees than the original contract was worth. Unless I'm misremembering that.
on the head…Tory strategist Kory Teneycke at around 55:50 nails it, IMHO.
EH 101 ? Cadillac elicopter?$157.8 million
EH 101 ? Cadillac elicopter?
That was a 500 million dollar penalty was it not?
Thank you - I was under the impression it was significantly higher.
Canada's Government said yesterday that it had reached a settlement agreement with E. H. Industries, a jointly owned unit of Westland Helicopters Ltd. of Britain and Agusta S.p.A. of Italy, for a claim arising from the 1993 cancellation of the EH-101 helicopter program. The settlement, worth $157.8 million (Canadian), or $115 million (United States), was reached in October but was made public only yesterday.
David Dingwall, Minister of Public Works and Government Services, said the settlement meant the Government "has closed the books on the EH-101 helicopter program." Prime Minister Jean Chretien's Government canceled the deal, reached by his Conservative predecessors, soon after taking office in late 1993. (Reuters)
Not a great analogy. Starlink isn't building anything for the province - the satellites and electrons are still there. We obviously don't know the terms but the words 'contract' and 'agreement' are being tossed around fair loosely. The undertaking was to bring Internet to remote customers. We don't know if it was some bulk purchase discount agreement for the ground equipment or what the terms are (it wasn't supposed to go live until this Spring).If so that's really stupid virtue signalling of him.
Didn't we do that a few years with a helicopter contract? Canceled the contract, didn't get the new helicopters, and had to pay more in fees than the original contract was worth. Unless I'm misremembering that.
the wikipedia pageThank you - I was under the impression it was significantly higher.
Still, a travesty that was politically motivated, and poorly communicated.
Almost all sources I've ever found refer to a $500 million penalty. That source doesn't clarify whether the amount was the entire payment or a final payment of a larger amount. It's possible a lesser penalty was negotiated, but that doesn't change the fact that Chretien triggered the penalty knowing that it was $500 million.
Canada's Government said yesterday that it had reached a settlement agreement with E. H. Industries, a jointly owned unit of Westland Helicopters Ltd. of Britain and Agusta S.p.A. of Italy, for a claim arising from the 1993 cancellation of the EH-101 helicopter program. The settlement, worth $157.8 million (Canadian), or $115 million (United States), was reached in October but was made public only yesterday.
David Dingwall, Minister of Public Works and Government Services, said the settlement meant the Government "has closed the books on the EH-101 helicopter program." Prime Minister Jean Chretien's Government canceled the deal, reached by his Conservative predecessors, soon after taking office in late 1993. (Reuters)
My question is why are we still giving 21 days before the rest of the tariffs kick in? we had a full month since the original deadline, did everyone think this wasn't going to come to pass and didn't plan to actually find alternatives? If i was in gov i would of told industry, start planning now for them to start, then we could of hit them back with all 155B today, not 21 days from now.
I'd like to see MLCC follow suit. Bourbon is swill anyways.![]()
Ontario to Slap Export Tax on Electricity to U.S.
Canada’s province of Ontario will slap a 25% export tax on electricity it sends to 1.5 million homes in Minnesota, Michigan and New York, in retaliation for President Trump’s tariffs, said Doug Ford, Ontario’s leader. Ford added that he will direct the province’s energy producers to shut down the ewww.wsj.com
Nice to see Ford following through. The LCBO website is also currently down.
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