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Trump trade war: Canada could leverage uranium, potash and critical minerals, says Ontario's premier
Doug Ford says the U.S. is "desperate" for Canadian energyJeff Lagerquist
Ontario Premier Doug Ford attends an availability at Chapman's Ice Cream in Markdale, Ont., on Friday, September 19, 2025. THE CANADIAN PRESS/Chris Young ·The Canadian Press
Speaking at the 2025 Toronto Global Forum on Thursday morning, Ford said the U.S. needs Canada as a partner in order to meet growing energy demand, particularly from the data centres needed to fuel rapid adoption of artificial intelligence.
“They're in desperate need of our energy,” Ford said. “Uranium gets shipped from Saskatchewan over to Port Hope in Ontario, gets refined here, and then gets enriched down in the U.S. They have 94 turbines that rely on Canadian uranium.”
According to the World Nuclear Association, Canada produces about 24 per cent of the world's uranium, making it the second-largest producer behind Kazakhstan. The United States is number 12.
Ford also spoke about critical minerals. These include metals like nickel and cobalt, which are widely used in electric vehicle batteries, as well as other rare earth elements for high-tech applications like smartphones, laptops, medical devices, and defence systems.
“We will not send a grain of critical minerals down there as long as we're under constant attack by President Trump,” Ford said. “'I'd love to send them down to our neighbours, but it's not going to happen.”
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Earlier this week, the Canada-U.S. trade war escalated after automaker Stellantis (STLA) announced a plan to build its Jeep Compass sport utility vehicle in Illinois, rather than Brampton, Ont., as previously expected.
Prime Minister Mark Carney says the move was "a direct consequence of current U.S. tariffs."
Ford says he plans to press Carney on the federal government's response to U.S. trade aggression, and its plan to boost the economy by backing infrastructure projects, in a meeting later on Thursday.
"I'll be seeing him at 4:30 p.m. today," he said. "I work extremely well with him. But we have to move quick, faster, [and more] immediate on everything."
Carney spoke with Trump about trade on Thursday. At a press conference in Ottawa, the prime minister brushed off calls for retaliation against the United States.
"There are times to hit back and there are times to talk, and right now is the time to talk," he said.
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Trump trade war: Canada could leverage uranium, potash and critical minerals, says Ontario's premier
Speaking at the 2025 Toronto Global Forum on Thursday, he says the U.S. is "desperate" for Canadian energy.
ca.finance.yahoo.com
