@PubliqueJo@SteveSaretsky Larger ships coming into port sounds great for a country currently focused on building trade capacity and diversifying our trading partners.
BREAKING... B.C. government has FIRED the European contractor chosen in 2024 to build the new replacement George Massey Tunnel.
A new bidding process will now be conducted. #bcpoli#vanpoli#vanre
https://t.co/07g8cSo33W
@warderlan89@TrollFootball I watched the game. Canada dominated, but at no point did it feel like Canada's domination would be converted for goals due to a lack of clinical finishers on our side.
Still should have won by 2, and I'm still proud of their effort!
@TrevorLoke@EricDLombardi Exactly. It is a big, meaningful departure from even the (mostly vapid) era of mid-2000s-2010s optimistic political sloganeering.
This pathetic attitude is among the worst things about our political culture in Canada and I cannot reject it enough.
It gets cloaked in the language of progressivism but it is deeply cynical, ugly, and regressive.
Story time!
Growing up, I was hugely inspired by RIM (BlackBerry). It was one of the reasons why I wanted to go to Waterloo.
I thought it was so cool one of the most innovative companies on earth was an hour away from home.
In fact, my program, Nanotechnology Engineering, was able to exist in part due to the philanthropy of Mike Lazaridis, who funded the Institute of Quantum Computing and Nanotechnology (along with the Perimeter Institute for theoretical physics, which is a brilliant asset for the province and country). Balsillie, for his part, has spent tens of not hundreds of millions of his personal wealth on advocacy and institutions to make Canada a better place. But he too was castigated in our media.
Through high school, I saw how Canadas media took an axe to RIM founders (Mike and Jim), and basically cheered on the decline of the business against competition from Apple and Google.
It was a complete disgrace.
Well, in 2013 I got my second co-op job there, just as they rolled out BB10 (the QNX operating system). 6 weeks into my co-op, my entire department was laid off (Modems/Semiconductors).
Nearly every one of my colleagues ended up moving to the US. Some of the most capable talent on earth, poached in weeks. It was loss that was absolutely devastating to witness.
I have no doubt people like Bruce cheered on the spectacle, just like he would cheer the downfall of Shopify if it were to ever happen; despite the champion itโs been for the country, the thousands of good jobs itโs created, and all the spin-off businesses that have created huge wealth for Ontario.
Well let me be clear that I will have none of this nonsense.
@Giuliano89_LOC@purelivn Vezio! I stayed in a little AirBnb in that little mountainside village. The walk up the hill from Varenna was not fun to do multiple times a day. Ha!
While some debate whether we're in an outright recession or a just a zero-growth economy, the exchange obscures the more serious problem facing Canada: secular stagnation.
For years, the Trudeau government's combination of unprecedented immigration levels and expansionary fiscal policy boosted headline GDP while masking deeper economic weakness. Population growth increasingly substituted for productivity growth.
It's worth asking whether Canada may have already experienced recessionary conditions absent the largest immigration surge in modern history. Had population growth remained closer to historical norms, aggregate GDP growth over the past several years may well have turned negative.
If anything, the Carney government's cuts to immigration growth have only exposed rather than caused the structural weaknesses in Canada's economy.
The real question isn't whether Canada is in a technical recession today. It's whether we've spent years obscuring one with unsustainable population growth.