We want reconciliation AND TRUTH .. not just lies and spin and perpetual payments to unaccountable band chiefs leaving many of their members destitute and impoverished !!
Also see this documentary “Making a Killing” about the missing truth in “truth” and reconciliation https://t.co/F5pHwLwXaU
Canada's housing market is flashing a warning sign seen only before a capitulation. Sales are up, but prices are still falling. The real bottom comes when optimism dies and forced listings surge. #CanadaHousing#RealEstate
My latest @financialpost column is out - and it takes aim at the November 4, 2025 federal budget that the government proudly billed as “generational investment.”
As I wrote:
After 567 days with no federal budget, we finally got one - but “perhaps the government should have taken 568 days to release a better one.”
“Calling the out-of-control spending a generational investment is like calling a payday loan a wealth strategy.”
In the spirit of Sergio Leone’s 1966 spaghetti western movie classic The Good, the Bad and the Ugly, I break down the budget in that same style.
The Good:
“The repeal of the Underused Housing Tax… that was a debacle.”
“Progress on automatic tax filing… I’ve been calling for automatic filing for years.”
“An explicit statement that the Canadian Entrepreneurs’ Incentive will not move forward — an overtly political initiative and ridiculous policy.”
“The repeal of part of the luxury tax for airplanes and boats. However, it is not good that it was retained for automobiles, especially given the struggles that our domestic auto industry has been facing”
The Bad:
“No commitment to long overdue tax reform.”
“More personal tax credits to clutter the system.”
“The deceptive budgeting technique of separating the ‘capital expenditures’ from the ‘operating budget’ is on full display.”
“No new personal or corporate tax rate reductions.”
The Ugly:
“The projected total deficit for the current fiscal year is $78.3 billion … This is beyond reckless.”
“Public debt charges are expected to increase from $53.4 billion to $76.1 billion by 2029-30.”
“By the time 2030 comes around, our country will be spending $1.46 billion per week in debt charges.”
“Not enough spending cuts.”
“The spending in this budget is eye-popping: $450 billion, on a cash basis, in overall new spending. Again, if you like government intervention, you’ll love what the government is “investing” in but to suggest the cuts described above are meaningful when you have this kind of spending is like saying you’ve lost weight when you’ve actually gained significantly.”
And finally, as I concluded:
“In the end, this budget isn’t a spaghetti western — it’s a slow-motion fiscal shootout where taxpayers are the ones left holding the smoking gun. The good parts are minor cameos, the bad dominates the middle, and the ugly rides off with our future saddled in debt.”
“If this is what passes for “generational investment,” future generations may wish they’d been written out of the script.”
This budget is a train-wreck and most certainly NOT transformational.
https://t.co/uyZIlP7y85
🚨 Japan’s bond market is spiraling into chaos.
Yields are exploding. Liquidity is vanishing. Trust is evaporating.
Let me break down what’s happening in Japan and how this affects the US.
(Save this thread)
People don’t know the internal workings of their own governments, or the private motives of their own politicians, or the details of their own foreign policy, but confidently proclaim that they know “what’s really going on” in some foreign country whose language they don’t speak.
Some say Captain James Cook’s name should be erased from history.
He mapped 1/3 of the Earth, crossed the Antarctic Circle, and eradicated scurvy.
Here’s the real (un-politicized) story of Captain James Cook: 🧵
Justin Trudeau is quitting.
He destroyed Canada’s economy, delivering West Virginia wages for San Francisco house prices and wiping out a generation of young Canadians.
What’s next for Canada?
China is in an economic "death spiral."
Today, the yield on their 10-year government bond fell below 1.60% for the first time in HISTORY.
Even as China rolls out pandemic-like stimulus, their real estate market is weaker than 2008.
Has China's recession begun?
(a thread)