Thomas Carter-Thompson

NRCan Energy Advisor, Investor, Entrepreneur

[tobi lutke @tobi]

You have absolutely disgraced yourself publishing this, globe.

We all clearly don’t hate the media enough.

[Riley Donovan @valdombre]

PM Carney tells immigrants to leave behind the feuds of their homelands:

"We don't welcome the world's hatreds"

"When you come to Canada you bring your faith, your tradition, your language, your story - you leave behind your animosities"

[Thomas Carter-Thompson @TCT_73]

@DukeDirtyWork @isaraerospace @maritimelaunch @RocketLab

[Thomas Carter-Thompson @TCT_73]

@tembelvitesi I thought their careful phrasing of the leverage ratio was a bit of a hint, should be temporary though.

[Thomas Carter-Thompson @TCT_73]

I absolutely love $SHOP.

I absolutely love @tobi.

[Martin Pelletier @MPelletierCIO]

Someone please make him Prime Minister.

[Thomas Carter-Thompson @TCT_73]

@JonSVautour @mark_slapinski You sure it was a CT scan? Long waits here for MRIs but CT scan took me less than a week to get

[Thomas Carter-Thompson @TCT_73]

@Tablesalt13 Isnt he interrupting an event? Was he jailed? Or just escorted out of the event? I understand when you’re balls deep into an ideology and make money on farming engagement around it, its easy to jump to conclusions, but surely if they are escorting him out thats fine.

[Thomas Carter-Thompson @TCT_73]

@MPelletierCIO I haven’t read the piece, but he would have been right a year ago.

[Thomas Carter-Thompson @TCT_73]

The public markets make me wonder if we actually have an investment problem. One would think public companies would be ignored and thus under perform if Canadian companies were “un-investable.”

I think the investment issue is more nuanced than either side lets on, sadly.

[GURGAVIN @gurgavin]

THE CANADIAN STOCK MARKET IS NOW NEARLY UP 40% OVER THE LAST 1 YEAR

🇨🇦🇨🇦🇨🇦

[Thomas Carter-Thompson @TCT_73]

@KirkLubimov I cant stand his constant attacks on Brookfield. I hope he gets sued for this stuff, or one of his advisers tells him to knock it off. I want Poilievre to champion a great Canadian business like Brookfield and respect one of our Nation’s great investors Bruce Flatt.

[Thomas Carter-Thompson @TCT_73]

@RomanFisher__ I think they should just scrap it all; protecting old industries that are by no way essential is crazy to me. They already have such a brand advantage if they can’t transition and evolve to handle the new landscape then so be it.

[Thomas Carter-Thompson @TCT_73]

@RomanFisher__ Goosebumps

[Roman Fisher @RomanFisher__]

Don’t tell me the ‘rupture’ is permanent. No two nations on Earth are bound together in the same way as Canada and the United States.

[Build Canada @build_canada]

Statement from Build Canada on the Spring Economic Update 🏗️🇨🇦

"Over the last 18 months, Build Canada has shared bold policy ideas to grow Canada's economy. From defence procurement to tax reform to fiscal responsibility, Build Canada’s message has been clear: Canada needs urgency, productivity, and the framework to build a 21st-century innovation economy.

This Spring Economic Update gets some of the direction right, but needs more boldness and urgency to unlock growth.

In particular, we're encouraged to see:

• A 20 percent reduction in external consulting spend – $450 million in savings by 2027-28 and $900 million annually thereafter – directionally aligned with our memo Creating a More Productive Government.

• Improved SR&ED administration, implemented April 1, 2026, making the program meaningfully more usable for entrepreneurs, as called for in our memo to Fix SR&ED.

• Stand-alone Defence Investment Agency legislation and amendments to the Defence Production Act, building on procurement reform proposals in our defence memos.

• A Whole-of-Government Competition Plan and CRA prioritization of advance income tax rulings for productivity-enhancing and nation-building investments.

However, many commitments are incremental and lack the specificity required to drive change. For example:

• The Whole-of-Government Competition Plan, the AI Strategy, and rules for stablecoins and tokenized assets remain "intentions to launch" or "intentions to engage." Every G7 peer is moving faster on the digital economy than we are.

• The 2025-26 deficit improved by $11.5 billion to $66.9 billion, but the improvement appears to have come mostly from higher-than-expected oil prices, not spending restraint. The government's own Higher Investment Scenario outlined in the Update depends on global energy demand. A growth path that hinges on commodity tailwinds is not yet a productivity plan.

• On the Canada Strong Fund, structural questions remain – independent governance, a sustainable capital source, and discipline against the political-capture risk that hollowed out Alberta's Heritage Fund. Build Canada will keep sharing ideas to inform that design conversation.

Execution matters more than promises, more than plans, more than strategies. The Spring Economic Update is a step. Budget 2026 is the test of whether this government, with a new majority, will match the ambition on paper with the bold, rapid moves Canada needs to build a 21st-century innovation economy."

Read the full statement on our website at https://t.co/WWYZpu9CCA

[Thomas Carter-Thompson @TCT_73]

Finally, no I don’t believe its some magical solution to all of our problems. Theres still a ton to be done in reducing our deficits, removing trade barriers, reducing some of the distortive subsidies and practices of our government, reducing regulation, and the list goes on.

[Thomas Carter-Thompson @TCT_73]

With all the conservative mouth-pieces crapping on the creation of a debt funded SWF, I’ve learned over the last 24 hours that they must all have bought their houses in cash and have never carried any asset backed debt in their lives. Kudos!

[Thomas Carter-Thompson @TCT_73]

I’ll judge it on its ability to achieve an ROIC/WACC>1 and if it manages that then that will not only strengthen our financial position, but will stimulate economic growth and activity in the process.

[Thomas Carter-Thompson @TCT_73]

@RomanFisher__ All that matters is if they can achieve an ROIC/WACC>1, and thats how I will judge it. Just because it could be structured in a better way doesn’t make it bad.

Look at $BIP and $BEP they operate very similarly to this funds mandate, just globally instead.