Keep this in mind when you are assessing Mark Carney's actions:
* His wife is in the US.
* His daughter is in the US.
* He recommended moving Brookfield to the US.
* His assets are invested in the US.
* He opened investment accounts in tax havens.
Notice:
For himself, his family, and businesses, he chooses low tax jurisdictions and places with less red tape that will never have carbon tax, green agenda and other ideological driven policies.
For you, however, he is implementing the opposite.
JD Vance is dropping truth bombs on Canada.
"No nation has leaned more into Diversity is our strength immigration insanity than Canada.
The fault lies with your leadership, elected by you."
Not a word of a lie in there.
Canadas major projects announcements are a national embarrassment - an economic ‘hostage release’ program - that tells the world just how uninvestible Canada has become under the Liberal party.
1970s central planning Liberal govt arrogance is at an all time GDP destroying high.
Try naming another OECD nation (we’re at the bottom now) where the press waits with bated breath for a ‘dear leader’ politician who has never built anything in his life to fly in to grant a bureaucratic benediction on a few projects his bureaucrats will allow past the gate of the caps, taxes, green rules and red tape his govt imposes on everything.
Idea: set up the Major Dumb Redtape office in Calgary instead and get rid of the 10 anti-business rules written into law by the Montreal green alarmist fringe that’s holding Canadian energy, ag, forestry, and manufacturing back while other nations grow..
But PM Carney seems to like his bureaucratic power over what used to be a leading free market economy. Even while our GDP grinds down to the worst in the OECD.
The arrogance is breathtaking.
So is the ineptitude. This same central planning genius just punched a record new $78billiom hole through our public finances because he can’t manage basic public service delivery without more crushing debt.
The budget is a train wreck solidifying the final year of a Liberal decade steeply eroding purchasing power, national wealth, personal security and living standards and public services.
The irony is that this has driven Canada to ever-greater 51st state economic dependency. Donald Trump didn’t do that. They did.
But he’s been a too-convenient way to con the elderly with ‘elbows up’ PR.
But should the next generation really be forced to lend this govt another $78bn in addition to the 1 trillion theyve already taken to fund their failed decade of central planning, green slush funds and EV mandates while real infrastructure projects wait years for the Liberal party to bless them?
It’s not going to last.
Fitch just questioned the sustainability of all this. Unlike our lacklustre press they aren’t buying ‘net debt’ or ‘operating/investment’ Liberal financial illiteracy.
I had high hopes PM Carney would return fiscal sanity to Canada after openly borrowing Conservative policies to get elected by cutting the carbon and cap gains taxes.
But this budget, this major project’s farce and his inability to kill a dozen economy killing rules of his own govt is showing the work how uninvestible Canada has become - and it’s accelerating national economic decline.
2026 is the end of the Liberal lost decade. First recession. Then debt downgrade. Then an election. And Carney can go back offshore to his assets and all the other global investors who like him don’t invest in Canada under Liberal mismanagement.
@SteveSaretsky thx for the brilliant line chart as usual.
Canada's Supreme Court thinks mandatory one-year jail sentences for child predators are "too harsh."
They deemed mandatory minimums “unconstitutional” because they prevent judges from being lenient... again, toward child predators.
🧵
@MarkJCarney Canada can do next to nothing about the world’s slow, gradual warming.
Polar bears and coral reefs thriving. World greening. Sea levels not rising faster. Arctic not ice free.
Why should we wreck our economy for your climate alarm and the green grift?
If we became the 51st state we would be their poorest. To my American followers, look at what extreme socialism did to our country. Most of it over the past decade under the Trudeau LPC of which we re-elected essentially the same government
The CUSMA covered goods clause is a joke if your manufacturing Agricultural equipment like ourselves, and many others in Western Canada. Our products fall under CUSMA, however because they are made of 98% steel, we still get nailed with a 50% tariff. Total incompetent clown!
🚨Canada is removing tariffs from CUSMA compliant US goods.
Mark Carney:
"Canadian government will now match the United States by removing all of Canada's tariffs on US goods specifically covered under CUSMA."
It's important to understand: CUSMA covered good should have never had a tariff on them to begin with as it violates the trade deal.
And Canada’s tax system puts the nail in the coffin for any young person trying to get ahead. Imagine, you work your ass off to get to $220,000 per year, the minimum required to qualify for a mortgage in Toronto or Vancouver. Then the Carney LPC govt says thanks very much as you are now considered super wealthy and every new dollar you make to pay down that mortgage faster is taxed at 53%, the highest marginal tax rate. Welcome to Canada.
🇨🇦 The cost of COVID goes far beyond what most grasp
They engineered the virus, wrecked our lives, crushed dissent, and called it “science.”
Now they expect silence while we foot the bill and they stay in charge.
Was COVID a crime against humanity?
Canada's week recap:
* no big campaign announcements.
* Bank of Canada holds rates at 2.75%
* Canada's real estate demand is at 10+ year low.
* Canada's income gap between the top 40% of income earners and bottom 40% of income earners hit a new high of 47.1%.
* housing starts decreased 3% last month
* the largest y/y increase in Employment Insurance recipients were from people who were employed in trades.
* CPI rose 2.3% y/y with food outpacing inflation with a 3.2% increase and shelter cost growing by 3.9% y/y.
* $33.6B left the Canadian economy in February.
Oh and Team Canada still hasn't attracted a single penny into Canada.