This is why investment is failing and why money is leaving Canada.
Millions had already been spent on the proposed extension of Billy Bishop Airport in Toronto.
Now, the expansion has been cancelled by PM Carney, simply because it creates an advantage for a one-off by-election in Toronto/Beaches.
A multi-billion-dollar project is cancelled for purposes of short-term political expediency.
You can like or dislike the idea of this expansion, but its cancellation is a perfect example of why investing in Canada is a fool's game.
I promise I am not joking...
This is Canada's spaceport.
Last month, the federal government paid $200 million to a company called Maritime Launch Services to lease it for 10 years.
Just so we’re clear, this is part of the trade-off of having a “strategic partnership” with the Chinese Communist Party.
They get to interfere in our elections — just not too much.
They get to use forced Uyghur labour — just not too openly.
They get to steal IP — just not too obviously.
They get to threaten Taiwan — just not when our MPs are there.
Hear no evil, see no evil, speak no evil of the regime in Beijing. Carney has made it obvious that Canada will look the other way.
NOW - U.S. Energy Secretary: "Let's just engage with reality. Oil, gas, and coal are what run the world. Full stop. We can't make a wind turbine or a solar panel or a nuclear power plant without massive amounts of oil, gas, and coal. That's how the world works."
The fact NDP voters are deserting their party in droves for a well-heeled banker, a multimillionaire skilled in the art of tax avoidance, an aristocratic self-described European, is nothing short of hilarious, a phenomenon that will be studied by political scientists for decades.
We've gone through a lot, Canada. I would advise that you just sit back and enjoy the spectacle of Technocratic Elitism Incarnate attempting to cruise to the Prime Minister's Office as an "outsider." https://t.co/QIL5RS31Qe