logo
'Horribly Insulted' Canadian Snowbirds Ax U.S. Travel Plans Over Trump's Trade War

'Horribly Insulted' Canadian Snowbirds Ax U.S. Travel Plans Over Trump's Trade War

Yahoo12-03-2025
A Canadian couple who regularly spends about $30,000 a year on vacations to the U.S. revealed to CNN that their upcoming travel plans are now off the table due to U.S. President Donald Trump's insults and tariffs toward their country.
'We've never had an issue with any individual in the U.S. ... but we are furious and horribly insulted by the lack of respect and demeaning comments coming out of the Oval Office,' said Gary Cruise who was joined by his wife Carol Cruise in an interview that aired Tuesday with CNN's Natasha Chen.
'It is like we've been we've been gut-punched by our best friend the last month.'
The couple told Chen that they hadn't seen snow in four years 'except for now' as Trump — with his talk of making Canada the '51st state' and his on-again, off-again tariffs policies — fuels a trade war with America's northern neighbor.
The couple isn'taloneindialing back their trips to America, either, as data shared by Statistics Canada on Monday shows the number of Canadian return trips via car from the U.S. dropped by 23% in February compared to the amount from one year prior.
There was also a slight drop of 2.4% among return trips by Canadians via air travel last month compared to the amount in February 2024.
Canadians made 20.4 billion visits to the U.S. and generated $20.5 billion in spending last year, the nonprofit U.S. Travel Association noted in a press release last month. The group noted that a 10% drop in travel would result in $2.1 billion of lost spending.
Canadian airline and travel companies have also noticed sinking interest in U.S.-bound trips as Flight Centre Travel Group Canada recently told the Toronto Star that travel for leisure to the states dropped 40% in February compared to the numbers from the same month in 2024.
The Cruises annually spend 'five months at time' during their U.S. trips to escape the winter in Canada, Chen noted in her CNN report.
The couple cancelled trips this spring to Walt Disney World in Florida and Disneyland in California over Trump's tariffs.
'We love our American friends and we love your country. We have seen almost all of your country,' said Carol Cruise. 'This is really horrible, this is upsetting.'
Gary Cruise told CNN that he plans to retrieve his RV in Florida and drive it back to his home up north.
The couple still has a trip planned for November as they hope for a resolution between the countries' leaders.
'Stop! Stop! Stop!': Trump Adviser Clashes With Reporter Who Called Out Trade U-Turns
HHS Is Shuttering Offices That Fight Billing Fraud And Help Police Nursing Homes
Education Department Cuts Half Its Staff As Trump Vows To Wind The Agency Down
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Wesfarmers Limited's (ASX:WES) Latest Stock Performance Being Led By Its Strong Fundamentals?
Is Wesfarmers Limited's (ASX:WES) Latest Stock Performance Being Led By Its Strong Fundamentals?

Yahoo

time12 minutes ago

  • Yahoo

Is Wesfarmers Limited's (ASX:WES) Latest Stock Performance Being Led By Its Strong Fundamentals?

Most readers would already know that Wesfarmers' (ASX:WES) stock increased by 6.8% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Wesfarmers' ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. How Is ROE Calculated? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Wesfarmers is: 29% = AU$2.6b ÷ AU$9.0b (Based on the trailing twelve months to December 2024). The 'return' is the income the business earned over the last year. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.29 in profit. Check out our latest analysis for Wesfarmers What Has ROE Got To Do With Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. A Side By Side comparison of Wesfarmers' Earnings Growth And 29% ROE Firstly, we acknowledge that Wesfarmers has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 8.7% which is quite remarkable. This likely paved the way for the modest 7.6% net income growth seen by Wesfarmers over the past five years. As a next step, we compared Wesfarmers' net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 6.7% in the same period. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is Wesfarmers fairly valued compared to other companies? These 3 valuation measures might help you decide. Is Wesfarmers Making Efficient Use Of Its Profits? While Wesfarmers has a three-year median payout ratio of 88% (which means it retains 12% of profits), the company has still seen a fair bit of earnings growth in the past, meaning that its high payout ratio hasn't hampered its ability to grow. Moreover, Wesfarmers is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 88% of its profits over the next three years. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 33%. Conclusion Overall, we are quite pleased with Wesfarmers' performance. We are particularly impressed by the considerable earnings growth posted by the company, which was likely backed by its high ROE. While the company is paying out most of its earnings as dividends, it has been able to grow its earnings in spite of it, so that's probably a good sign. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Kevin O'Leary on Trump's BLS firing: ‘Don't shoot the messenger'
Kevin O'Leary on Trump's BLS firing: ‘Don't shoot the messenger'

The Hill

time13 minutes ago

  • The Hill

Kevin O'Leary on Trump's BLS firing: ‘Don't shoot the messenger'

'Shark Tank' investor Kevin O'Leary on Friday criticized President Trump for proposing the Bureau of Labor Statistics (BLS) head be fired after reporting a decline in job growth. Hours before his comments, Trump slammed Commissioner Erika McEntarfer in a Truth Social post alleging she altered job reports to favor former Vice President Harris during the November election and said he'd given his team orders to dismiss the Biden appointee 'IMMEDIATELY.' Her departure comes three years ahead of schedule. 'We had a bad print on jobs. I did not agree on whacking the commissioner. I don't like that,' O'Leary said during a Friday appearance on CNN. 'Whacking statisticians makes no sense whatsoever. You don't shoot the messenger,' he added. O'Leary has been relatively supportive of Trump's policies, including his unprecedented global trade negotiations in recent days. However, he said there's some uncertainty surrounding markets due to outstanding deals with major U.S. partners. 'I think the market is a little concerned about major trading partners not getting deals yet. It's not a good idea to have 35 percent tariffs on Canada. We know that that's coming into place at midnight right now unless something magic happens,' O'Leary told anchor Kasie Hunt. 'So with this volatility, it's more about future earnings. But a lot of this stuff, including the trade print or the job print noise, just noise. You don't make decisions based on one print,' he added. Friday's job report touted the creation of 73,000 jobs but also lowered previously reported numbers from job growth in May and June by 200,000 citing a substantially reduced statistic than originally published. Trump slammed McEntarfer for the errors. 'Important numbers like this must be fair and accurate, they can't be manipulated for political purposes. McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months,' the president wrote. 'Similar things happened in the first part of the year, always to the negative. The Economy is BOOMING under 'TRUMP'…' he added. However, onlookers critiqued the president for slamming the BLS commissioner for the shortcomings. 'President Trump is once again destroying the credibility of our government by firing expert and nonpartisan officials because he does not like the facts that they present,' said Max Stier, the CEO of the nonpartisan Partnership for Public Service told NBC News. 'Governments that go down this path find themselves in ugly territory very quickly.'

B.C.‘s Jobs Minister Kahlon urges Canada to ‘negotiate hard' over U.S. tariff raises
B.C.‘s Jobs Minister Kahlon urges Canada to ‘negotiate hard' over U.S. tariff raises

Hamilton Spectator

time13 minutes ago

  • Hamilton Spectator

B.C.‘s Jobs Minister Kahlon urges Canada to ‘negotiate hard' over U.S. tariff raises

VICTORIA - British Columbia's minister of jobs and economic growth is urging the federal government to stand firm and 'negotiate hard' when trying to find a solution to 35 per cent tariffs imposed by U.S. President Donald Trump's Ravi Kahlon's advice to Prime Minister Mark Carney and his negotiating team is to keep up what they're doing, and 'find a path forward the best they can.' A statement from Premier David Eby's office says he remains focused on protecting workers and businesses in B.C. from the 'deeply harmful tariffs' imposed by Trump's administration. It says Eby supports the federal government's efforts to get a 'good deal' for Canada, adding that he looks forward to speaking to the prime minister about the situation. The United States imposed a 35 per cent tariff on all Canadian goods outside the Canada-United States-Mexico Agreement on free trade after an agreement couldn't be reached by the Aug. 1 deadline. Several other jurisdictions, including the United Kingdom and the European Union, have reached deals before the deadline. Kahlon said Trump is 'constantly finding ways to raise the temperature' so 'they can squeeze out the most' from any agreement. He said he believes Carney and Canada-U.S. Trade Minister Dominic LeBlanc are taking the right approach, 'which is keeping their head down, continue to be at the table, continue to find solutions, and not getting distracted by the day-to-day swings of the president of the United States.' He said he would also highlight the importance of the softwood lumber industry for B.C., which is just as crucial as the auto industry is to Ontario. 'The forest sector here in British Columbia should get the same support,' Kahlon said. Both Eby and Kahlon have repeatedly argued that the long-running softwood lumber dispute with the United States should be part of a larger deal. Brian Menzies, executive director of the Independent Wood Processors Association of British Columbia, said he is 'not very optimistic' that a future deal would also resolve the softwood dispute as the industry already faces combined tariffs and duties of almost 35 per cent. 'We have been at this for eight years now, and there doesn't seem to be enough of a push on the American side to resolve this,' he said. Menzies also favours ongoing negotiations with the United States to resolve the tariff dispute. 'I would say it's better to get a good deal than a bad deal,' he said. 'I'd say right now, 'Do your best to stand up for what's important for Canada,'' he said. Menzies said being 'kowtowed and pushed over' is not good for Canada or the United States. 'People respect people who stand up for what's important to them, and that's the basis for any negotiation,' Menzies said. Menzies noted that any future deal with the United States might not last long, given Trump's temperament. Kahlon agreed. 'We take nothing for granted,' he said. 'It's a sad state for us in Canada to have a partner down south that doesn't honour a handshake, an agreement,' he said. 'It's hard to do business with somebody that is hard to trust when these things come.' Kahlon added that even the United Kingdom and the European Union are not sure if they actually have agreements with the United States. 'So the uncertainty continues,' he said. This report by The Canadian Press was first published Aug. 1, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store