Category: The Libranos

We Don’t Need No Flaming Sparky Cars

Imagine how much grief and wanton waste might have been avoided had the Masters Of The Universe simply listened to little old me.

Stellantis NV shares crashed the most on record in European trading after the automaker disclosed a 22-billion-euro (about $25 billion) charge tied to its failed EV strategy.

Management framed the charge as the cost of misreading the slope of EV adoption, effectively building a product and investment plan around an “energy transition” timeline that outpaced customers’ budgets.

“The reset we have announced today is part of the decisive process we started in 2025, to once again make our customers and their preferences our guiding star,” Stellantis CEO Antonio Filosa wrote in a statement.

Filosa said, “The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires. They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new Team.”

Our world, still run by stupid people: Carney Stakes Canada’s Auto Future on E.V. 🤡

One Step Forward, Six Steps Back

It didn’t take long for Carney to get out the EV subsidy shovel again.

Speaking at an auto parts manufacturer in Woodbridge, Ont., Prime Minister Mark Carney said Ottawa is restoring the rebate program with $2.3 billion to help Canadians cover the cost of a new EV, and $1.5 billion for EV infrastructure like charging stations.

Ottawa will offer $5,000 toward the cost of a new EV and $2,500 toward plug-in hybrids. Those rebates will decrease every year until they’re phased out after 2030 — or until the money for the program runs out.

Or rather, until the government goes bankrupt.

Sane Ideas

At least a few boomers are quietly suggesting that Old Age Security spending be reined in by some means. Stephen Harper tried something similar by raising the age of eligibility to 67, but Trudeau Junior reversed that. Hopefully this gains traction this time around.

OAS is currently Canada’s costliest federal program, eating up roughly one in every six dollars of federal spending. This amounted to a total of $85.5 billion in 2025-26 and is expected to exceed $100 billion annually by the end of the decade. Paul Kershaw, head of Generation Squeeze, said in a media briefing on Tuesday that policymakers can ill afford to ignore ballooning OAS costs at a time of “heightened geopolitical instability and economic uncertainty.”

Doctors And Engineers

Surrey, of course.

Three men arrested after what police alleged was an extortion-related shooting in Surrey over the weekend have been charged, and authorities have released their photos in an attempt to further the investigation.

All three are foreign nationals and have been reported to Canada Border Services Agency, according to the Surrey Police Service—which deferred any inquiries about the trio’s immigration status to federal officials.

Twenty-one-year-old Harjot Singh, 19-year-old Taranveer Singh, and 21-year-old Dayajeet Singh Billing have each been charged with one count of discharging a firearm into a place, a Monday statement from police said.

Gradually, Then Suddenly


Race to the bottom: Glencore said on Tuesday it has suspended nearly $1 billion of planned investments at Horne Smelter, Canada’s largest copper metal-producing operation, after failing to secure regulatory certainty from the provincial government of Quebec.

Your Moral And Intellectual Superiors

CPAC has scrubbed this.

@grok The two media spokespeople in the video are Reynolds Mastin, President and CEO of the Canadian Media Producers Association, and Kyle Irving, Chair of the CMPA Board. They addressed Prime Minister Mark Carney at the Prime Time conference on January 29, 2026.

That Sinking Feeling

My advice to the Conservative Party of Canada: just be patient. Your time in the sun may be coming.

Statistics Canada says the economy stalled in November and early estimates suggest a decline in real gross domestic product for the final quarter of 2025.

November saw manufacturing of durable goods hit its lowest levels since 2011, outside the COVID-19 pandemic.

Update: Even the mainstream financial media is noticing that something is not right.

Canada’s main stock index fell 1,092.61 points or 3.3 per cent on Friday.

Despicable Actions Must Have Consequences

Today, I received the email shown below from the Juno Beach Centre in France, directing me to this URL.
Here’s what I wrote back to them:

You periodically ask me for donations. I’ve visited your facility before. It’s excellent. It well honours the brave Canadian men who died on June Beach on June 6, 1944 and in the many months afterwards to free Europe of the Nazi scourge.

But in 2022, you besmirched the good names of Tamara Lich, Chris Barber, and the other patriotic folks who protested the ridiculous, seemingly unending Covid mandates imposed by Justin Trudeau and his colleagues. The folks behind the Freedom Trucker Protest have been proven to entirely correct in what they were fighting for, including in several court cases. But you’ve never apologized, sincerely or otherwise.

“Lest we forget” has a special meaning every Remembrance Day. But it has a double meaning for me regarding the Juno Beach Centre. I will never forget, which is why the only donation you’ll ever get from me is disdain. Continue reading

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