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Earth Intelligence

10 Mar 2025 — 6 min read

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Yesterday, March 9, 2025, Justin Trudeau officially resigned as Canada’s Prime Minister, ending more than nine years in office. He first took office in 2015 after leading the Liberal Party to a decisive victory, positioning himself as a progressive leader focused on social policies and international cooperation. Before entering politics, Trudeau was a teacher and the son of former Prime Minister Pierre Trudeau, a legacy that shaped his public image. Over the years, his leadership saw both significant support and growing criticism, particularly in recent years as economic concerns and internal divisions intensified, leading to his decision to step down.

On the same day, Mark Carney was elected as the new leader of the Liberal Party, securing 85.9% of the vote. As a result, he has now assumed the role of Prime Minister. Mark Carney is a Canadian economist and former central banker who has served as Governor of both the Bank of Canada and the Bank of England. In his first statements, Carney addressed key issues facing Canada, including trade relations with the United States and broader national concerns. He emphasized the importance of stability and a smooth transition in leadership as the government moves forward.

Economics & Markets:

Yesterday’s commodity market:

Yesterday’s crypto market:

Geopolitics & Military Activity:

Fighting in Syria has been escalating rapidly in recent days, particularly in the coastal city of Latakia. Clashes between pro-Assad militant cells and Syrian government forces have intensified, leading to thousands of casualties. This violence follows the fall of the Assad regime in December 2024, which created a power vacuum that different factions are now trying to fill. The conflict has spread beyond Latakia, with similar fighting occurring in other regions as various groups attempt to assert control. The situation is becoming more chaotic, with civilians caught in the crossfire and reports of targeted attacks increasing.

This surge in violence is not just a result of internal power struggles but also a reflection of broader geopolitical tensions. Major regional and global powers—including Israel, the United States, Russia, Iran, and Turkey—are all vying for influence in Syria, each backing different factions to secure their strategic interests. These competing agendas have further destabilized the region, fueling clashes between local forces and turning Syria into a battleground for international influence. In response to the worsening crisis, both the U.S. and Russia have called for an emergency United Nations Security Council meeting today to address the situation.

Israel shuts of power in the Gaza Strip:

Over the past 24 hours, Israel has cut off electricity to the Gaza Strip, further straining the region’s already limited resources. This move is part of an effort to pressure Hamas into releasing Israeli hostages and weakening its military presence. The power shutdown has severely impacted daily life in Gaza, forcing hospitals, homes, and essential facilities to rely on backup generators and solar power. One of the biggest concerns is the shutdown of the central desalination plant, which provides much of the region’s drinking water, worsening an already critical humanitarian situation.

This latest escalation comes as ceasefire talks between Israel and Hamas remain stalled. Israeli officials are set to meet in Qatar to negotiate possible terms, with the U.S. playing a role in mediating discussions. Meanwhile, military operations have intensified, and there are ongoing debates about Gaza’s future and reconstruction efforts.
NORAD aircraft interception over Florida statement:

Environment & Weather:

Over the past few days, the Brazilian state of Santa Catarina has experienced severe flooding due to heavy rainfall. Cities like Florianópolis and Balneário Camboriú have seen significant water accumulation, leading to road closures, property damage, and evacuations. Emergency services are responding to the situation as authorities warn of potential landslides in higher-altitude areas.

This flooding in Santa Catarina is part of a broader trend across South America and other regions where the rainy season, typically from January through April, has brought increased flood risks. Since the start of the year, heavy rains have caused flooding and landslides in parts of Brazil, Bolivia, and Argentina, while similar patterns have affected areas in Southeast Asia and East Africa.

Space:

Yesterday, March 9, 2025, China launched a Long March 3B/E rocket from Launch Complex 3 at the Xichang Satellite Launch Center. The mission’s payload details have not been disclosed, with the launch being listed as “Unknown Payload.” However, reports indicate that the launch was a communication satellite, supporting China’s continued advancements in satellite technology and space-based communications. This marks another step in China’s expanding space program, which continues to focus on satellite deployment and space exploration.

The Long March 3B/E is a heavy-lift, three-stage rocket with four strap-on boosters, developed by the China Academy of Launch Vehicle Technology (CALT). It stands 56.3 meters tall and can carry up to 5,550 kg into geostationary transfer orbit (GTO). The launch took place at the Xichang Satellite Launch Center, one of China’s key spaceports located in Sichuan province. This facility is primarily used for launching communications satellites and interplanetary missions, equipped with tracking systems to support China’s space initiatives.

Statistic:

Largest assets on Earth by market capitalization:

Gold: $19.617T
🇺🇸 Apple: $3.591T
🇺🇸 Microsoft: $2.923T
🇺🇸 NVIDIA: $2.749T
🇺🇸 Alphabet (Google): $2.129T
🇺🇸 Amazon: $2.111T
Silver: $1.858T
🇸🇦 Saudi Aramco: $1.719T
Bitcoin: $1.619T
🇺🇸 Meta Platforms: $1.585T
🇺🇸 Berkshire Hathaway: $1.068T
🇹🇼 TSMC: $918.53B
🇺🇸 Broadcom: $916.68B
🇺🇸 Tesla: $844.88B
🇺🇸 Eli Lilly: $781.03B
🇺🇸 Walmart: $736.82B
🇺🇸 JPMorgan Chase: $677.44B
🇺🇸 Visa: $666.12B
🇨🇳 Tencent: $629.41B
SPDR S&P 500 ETF Trust: $528.56B
🇺🇸 Mastercard: $498.49B
🇺🇸 Exxon Mobil: $473.05B
🇺🇸 UnitedHealth: $451.39B
🇺🇸 Oracle: $433.97B
🇺🇸 Costco: $427.89B

History:

The relationship between the United States and Canada has been shaped by both conflict and cooperation. In the early years, before Canada became a country in 1867, its British-controlled territories had tense interactions with the U.S. During the American Revolution (1775-1783) and the War of 1812, the U.S. and Britain (including its Canadian territories) were at war, but these conflicts ended with no major territorial changes. Over time, diplomacy helped settle disputes, including the Rush-Bagot Treaty (1817), which demilitarized the Great Lakes, and the Oregon Treaty (1846), which established much of the modern U.S.-Canada border. As Canada grew more independent from Britain, trade and economic ties with the U.S. expanded, though recurring disagreements over tariffs and resources led to occasional tensions. In the Alaska Boundary Dispute (1898-1903), the U.S. and Canada disagreed on the exact border, but the issue was settled diplomatically.
In the 20th and 21st centuries, the U.S. and Canada developed a close alliance in trade, defense, and global affairs. They fought together in both World Wars and later formed North American Aerospace Defense Command (NORAD) in 1958 to coordinate military defense during the Cold War. Economic ties deepened through agreements like the Auto Pact (1965), the Canada-U.S. Free Trade Agreement (1988), and NAFTA (1994), which helped grow trade between the two countries. However, disputes over tariffs have been a recurring issue, particularly over lumber, dairy, steel, aluminum, and other goods. In 2018, the U.S. imposed tariffs on Canadian aluminum and steel, and Canada responded with its own tariffs. While USMCA (2020) replaced NAFTA to modernize trade rules, new tariff disputes in 2024 and 2025 have once again tested economic relations. Despite these periodic trade disagreements, the U.S. and Canada remain significant trading partners and share strong economic, military, and diplomatic ties.

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