Canadian truckers receive no apology from Trudeau over controversial convoy response

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Good morning! Back to work after a long four days off? Better make that a double shot of espresso this morning. ☕️

In early 2022, truckers around Canada decided they had had enough. Ottawa, Canada became the epicenter of a massive protest that led the country’s prime minister into an unprecedented move that shut down the movement entirely - freezing the bank accounts of protestors, banning travel to the sites of the protest, and forcing tow trucks to remove any vehicles that were blocking streets in the capitol.

At a public hearing this week regarding the debacle, Trudeau stood by his decision - stating that if he had not made the call to disperse the protestors through these means, someone would have been hurt.

Check out today’s featured article from Politico to read about Canada’s prime minister Justin Trudeau’s decision to stand by the controversial emergency powers used against the Freedom Convoy occupation and protest in the nation’s capitol earlier this year.

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Featured Article:

‘What if the worst had happened?’ Trudeau defends convoy response | Politico

“Canada’s prime minister is "confident" in the decision to use emergency powers to shut down protest.”

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Covid-19 - Trade & Border Issues 🗺️

Global shipping services are the key component to watch when evaluating international shipping costs

What shipping services are being offered today? That’s the question shippers need to ask when evaluating their global shipping network in the wake of challenging pandemic-riddled years. The global economy has taken many hits as supply chain disruptions nearly crippled the industry. Rising inflation has forced internationally traded goods to slow down as many companies look to lower costs. This is all in the face of increased shipping demand while more people stay home.

International shipping costs rely on the proxies of demand. Supply has not yet caught up with that increased demand, therefore leading to a significant impact on global shipping.

Read more from Federal Reserve Bank of St. Louis ▶

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Let’s Get Global 🌎

Elon Musk Snl GIF By Saturday Night Live via GIPHY

🛢️ Capping Russia’s oil exports in an attempt to nail Moscow’s military budget. That’s the latest way Western companies are punishing Russia for its invasion of Ukraine - making way to limit its fossil fuel earnings. Set to take effect on December 5th, the cap on Moscow’s oil price will also result on the same day of the European Union’s boycott of Russian oil. It’s uncertain what both measures will do in terms of the price of oil overall, as the moves also are in line with lower demand and a slowing economy.

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