All that’s missing is a discussion about how much money the train is going to lose. Even in Japan, only one line of the entire high speed rail network runs at a profit.
The federal government says the first segment of its proposed high-speed rail project would connect Montreal and Ottawa. The segment would be about 200 kilometres long and construction would begin in 2029.
As is typical of mainstream financial media reporting, you need to scroll to the bottom of an article to see a comment by David Rosenberg regarding Canada’s recent unemployment numbers. I suppose putting the comment at the top would have raised too many eyebrows.
While Statistics Canada’s Labour Force Survey is telegraphing a jobs boom, its Survey of Employment, Payrolls and Hours (SEPH) is telling a different story, said Rosenberg, founder and president of Rosenberg Research & Associates Inc. In the latter report the number of employees receiving pay and benefits dropped by 58,000 in September. For the first time in five years payroll employment was “completely flat,” he said.
“In a sign that there is more slack in the Canadian jobs market than meets the eye … if we were to superimpose the SEPH employment trend on the LFS (household) survey, the unemployment rate would be 8.2 per cent, not 6.9 per cent — and that would be the highest since May 2021,” said Rosenberg.
Sometimes comedy just writes itself. Why would sovereign governments who are in effect their own bank need to set up another bank to coordinate armament purchases? It’s as clear as mud exactly what these functionaries will be doing much less how that will “solve” anyone’s financial problems.
At least five Canadian cities are vying to host a new defence-oriented world bank that could create up to 3,500 jobs, the National Post has learned. Announced this past spring, the DSRB could solve financial problems for countries, including Canada, that are under pressure to increase military spending. The bank will be owned by its member nations, which would capitalize the bank so it would get a triple-A rating it could take to the bond market to raise money.
While some aboriginal communities welcome the prospect of roads and mines in the so-called Ring of Fire zone in Ontario, some clearly don’t. They prefer to live in a “pristine” wilderness that for some reason is not pristine enough to provide clean drinking water for thirty years.
The province has released a Ring of Fire ad that uses Ford’s slogan from the 2025 election: “Protect Ontario” and makes a sales pitch on development. “What about protect Neskantaga?” Marcus Moonias says. “I’m so mad about it.”
“I almost threw my television at the wall,” he says about the commercial.
Bigger dreams are starting to enter Mamakwa’s mind. He thinks one day a First Nation political party could hold the balance of power in Ottawa, like a Bloc Québécois of the north.
Save your money. What you are likely to be subjected to is hardly worth the tuition.
Take these lines, from the opening of a master’s thesis recently accepted by the University of Toronto, for instance: “I also wrote this paper for myself, because I needed an explanation for my own existence. It became a method of explaining why I don’t exist yet,” wrote Narisa Vickers.
Moving on from the author’s existential crisis, Vickers’ thesis is titled, “Female Dopers, Gender Fraudulences, and Racialized Bodies: The Misgendering of Imane Khelif.”
With the Bloc Quebecois now falling into line with its ideological soulmates on the west coast, how much life is left in the Memorandum Of Understanding?
Blanchet offered his help to B.C. last week — seeing that the MOU was negotiated without the province’s input and offers to relax key climate policies such as the tanker ban — and Eby’s team and his quickly came into contact to coordinate a virtual meeting.
Blanchet said they quickly agreed that, on certain subjects, they were on the same page.
Why would any developer agree to sell a $680,000 pre-construction condominium to a 20 year old kid living at home and working for Tic Tok? I guess it seemed like a good idea at the time when the condo bull market appeared endless. Now that the condo is built and the kid hasn’t got the money to complete the deal, things are not turning out as expected.
BC MLA Dallas Brodie is one brave woman for putting together a critical examination of the residential school issue. My opinion: we’re in the grip of another mass formation that has been building since the early 1990s. It’s time to put a stop to this before we experience the Zimbabwe solution in real time.
If college athletic broadcast deals are undeniably a win/win proposition, why doesn’t tuition fall accordingly? Likely because revenue from them isn’t used to offset tuition, but rather gets funneled into a college spending spree. These outfits are so much like government you barely notice the difference.
The Fed’s spigot of easy money and credit have fueled the conditions for financialization that contributed to the astronomical revenue increases witnessed in sports programming. The low interest environment paralleling the rapid increase in coaching salaries allowed companies such as Disney to significantly increase its debt to capture a coveted monopoly on SEC programming. Further, the demand for a piece of the college athletic pie, coupled with athletic department necessity to finance their competitive arms race, have led to investment firms seeking direct deals with American universities.
Needless prosecution of a victimless crime, or a case of “the law is the law“?
The administration’s sudden expansion of immigration arrests in Chicago meant Guzmán was in the government’s custody for about 34 hours. She was kept in a holding facility that was intended to house people for only a small fraction of that time… Even though she was still trying to produce breast milk for her daughter, Guzmán had limited access to food and water at the Broadview Processing Center and was never provided a breast pump. She said she was never assessed by a medical professional while in the government’s custody. Guzmán was left to manage the pain of her C-section recovery as well as her Type 1 diabetes with the supplies she had in her backpack at the time of her arrest.
Well, that response took all of about ten minutes to develop. Maybe fifty percent unemployment across the country would change their attitude, but I’m not too confident about that.
Assembly of First Nations chiefs voted unanimously on Tuesday to demand the withdrawal of a new pipeline deal between Canada and Alberta, while expressing full support for First Nations on the British Columbia coast that strongly oppose the initiative.
The resolution also urges Canada, Alberta and B.C. to recognize the climate emergency and uphold the United Nations Declaration on the Rights of Indigenous Peoples.
While ending such needless mandates is welcome news, the administration also needs to end the Obama era mandates for essentially zero emission diesel engines as well. They force buyers of highway tractors, farm and construction equipment to shoulder the cost of tens of thousands of dollars in useless ingredients.
The proposal would significantly reduce fuel economy requirements, which set rules on how far new vehicles need to travel on a gallon of gasoline, through the 2031 model year, according to a White House official and several people familiar with the plan.
Update from Kate.
.@POTUS: "Now under the new rules being issued today by @SecDuffy, the @USDOT will rescind the Biden fuel economy prices… These policies forced automakers to build cars using expensive technologies. It drove up cost, drove up prices, and made the car much worse." pic.twitter.com/4o9QFIvyiJ
— Trump War Room (@TrumpWarRoom) December 3, 2025
Yet another example of what happens when a bunch of politicians scream “emergency” and a gullible John Q. Public largely falls for it. This reminds me of a Seinfeld episode where Kramer tries to explain to Jerry what happens when a company makes a bad investment decision: “They just write it off, Jerry!”
Ontario wrote off more than one billion items of personal protective equipment at a cost of $1.4 billion since 2021 and is now burning expired products, the province’s auditor general found.
The province signed long-term contracts for PPE between October 2020 and April 2021 that locked it into buying 188 million surgical masks annually. Yet it only distributed 39 million of those masks last year, or 21 per cent.
Hardly a week has passed since the memorandum of understanding with Alberta, and already the Libs are laying the groundwork for endless “unavoidable” delays. At this rate, I don’t know why Guilbeault found it necessary to quit caucus at all.
On his way into a cabinet meeting Tuesday morning, the former minister of Crown-Indigenous relations told reporters he sees a difficult road ahead for any pipeline project.
“If everyone thought Thursday was difficult, that was probably the easiest day in the life of that pipeline,” Miller said.
The mainstream financial media is subtly acknowledging that a lot of the price action in Bitcoin was fueled by leverage. We seem to be in the process of finding out how leveraged bets on a rising asset price work in reverse. Hint: they don’t work very well.
Bitcoin, which was soaring around $125,000 in October, dropped below $86,000. That’s down roughly 7% from a day earlier.
Strategy, the company that used to be known as MicroStrategy and now raises money just to buy bitcoin, lost 10.3%. It said that it raised a fund of $1.44 billion in U.S. dollars, not in bitcoin, by selling stock to help pay for its dividends on preferred shares and interest on its debt.
It looks like someone forgot to tell John Deere that tariffs are a win/win proposition. Considering that companies like Deere are a perfect example of what most people would consider heavy industry, what’s the point of burdening them with extra costs?
Deere & Co on Wednesday flagged a bigger hit from tariffs in 2026 and forecast its annual profit below estimates on the back of weaker margins on large tractors, sending the farm-equipment maker’s shares down 5%.
Caterpillar didn’t get the memo either.
Caterpillar now expects a tariff hit of $1.5 billion to $1.8 billion this year, up from its prior forecast of up to $1.5 billion.
Yet more evidence that the marginal consumer, in this case the marginal car buyer, simply can’t afford that shiny metal anymore.
Scott Terrio, manager of consumer insolvency at Hoyes, Michalos & Associates, says that in his 17 years on the job, this is the first year he’s seen people contacting the firm with the intention of returning their vehicles.
“It’s very non-typical,” he said. “They’ve recognized that their car is killing them financially.”
Not to worry. I’m sure that tweaking EV mandates from 100% of new car sales to 90% will fix all of that.
The last time I checked, the NFU was down to a handful of members and were being led by “farmers” so far outside the mainstream that they hardly qualified as such. I don’t know what’s worse: that these clowns are demanding a form of UBI for farmers, or that a mainstream media outlet reports on it so uncritically.
Farmers want Ottawa to set up a 10-year pilot project that would ensure they receive an annual income of at least $50,000, a rate that would rise by inflation every year.
David Thompson, executive director of the union, says a guaranteed income would help stabilize farmers’ incomes, which are often unstable.
Now they’re channeling Zoran Mamdani and this nonsense gets breathlessly regurgitated by the same bunch of toadies.
One resolution calls for the union to lobby the federal government to introduce legislation that would put a cap on the profits of major grocery chains that control the lion’s share of the market.
Another resolution calls on union to create a national coalition pressing the federal government to purchase food directly from farmers to be sold at cost in a “network of national/provincial/municipal public grocery stores.”
What’s not to love about a sovereign wealth fund where others are forced to pony up the seed capital? It also helps to imagine that such a fund could not possibly make anything but the wisest investments.
Chief Joe Miskokomon said the fund would be a “critical step” forward in bolstering the economic capacity of First Nations.
“We’re not saying to take out the banks,” Miskokomon said in an interview.
“What we’re saying is the banks don’t need to have as much as a say as they do.”
I had been told years ago that if you were hiking with at least six people, bears would not bother you. It seems some bears didn’t get that memo or the other one regarding pepper spray. Too bad someone in the group didn’t have a gun on them, but that promotes disharmony with nature. A ban on hunting these animals couldn’t possibly have led to them losing their fear of humans either. And so on.
“It’s the ecosystem being out of balance that means grizzly bears are getting desperate,” he said, citing recent clear-cutting and forest fires pushing bears from of their habitat.
He dismissed suggestions that bears may be more aggressive before hibernation because the animals do not look to human prey. Scapillati said he worried about pro-hunting groups using the attack to spread inaccurate information about bears being aggressive. “That’s so inappropriate at a time when we’re focused on holding the children and families and all those affected in our hearts and focused on them,” Scapillati said.