The answer to this question is obvious to any sane person, but then again you have to look at who we’re dealing with here.
The federal government’s hate speech legislation “hadn’t done the legislative analysis” on whether residential school denialism should be considered as such, Crown-Indigenous Relations Minister Rebecca Alty said on Thursday.
I can identify another problem with supply mismanagement: if it were to end, your assets may suddenly be worth a lot less than they used to be, maybe even less than your debts.
A company that earns guaranteed margins because a regulation, exclusive contract or closed market keeps competitors out tends to stop doing the things that keep a business sharp. It stops scrutinizing its cost structure, investing in efficiency or asking how it would cope or what it would charge if its customers had somewhere else to go. The protection may feel like a moat. In practice, it is closer to an anaesthetic.
It seems that New York is taking a cue from Manitoba: let’s make up phony reasons to reject private sector investment. God forbid that industrial infrastructure should use energy….
Gov. Kathy Hochul signed an executive order Tuesday imposing the country’s first statewide moratorium on hyperscale data centers, which house thousands of computer servers and require massive amounts of energy and a steady supply of water to keep cool.
It’s not hard to see in who’s favor this dispute is going to be resolved once it gets kicked upstairs to the Feds.
A lobster fishing group in Nova Scotia has failed in its bid to persuade a judge that a First Nation does not have the treaty right to commercially fish for lobster out of season and without a licence.
In a decision released Wednesday, Nova Scotia Supreme Court Justice Ann Smith says the Unified Fisheries Conservation Alliance could not proceed with its claim against the Sipekne’katik First Nation because the court lacked jurisdiction.
I seriously doubt that China’s move to a gig economy has anything to do with too much saving and too little spending. It’s more of a response to the growing burden of mandated employee benefits, just like it is here.
His story is increasingly common in China, where tens of millions are shifting from formal employment into the gig economy as meagre unemployment insurance, record numbers of graduates and a shortage of jobs squeeze opportunities.
“The urgent priority is to make it easier for flexible workers to be included in the employee social security system,” said Nomura’s chief China economist Ting Lu, who estimates only tens of millions are fully enrolled.
“We need to reduce anxiety,” he said, “so that they save less and consume more.”
I thought the alleged AI boom was all win/win, which you would expect to be a big benefit for companies like Microsoft. But things don’t seem to be going according to plan.
Microsoft (MSFT) on Monday announced it is cutting 4,800 roles across the company, roughly 2.1% of its workforce. The bulk of the layoffs, 3,200, will come from Microsoft’s Xbox division.
“Our business today is not healthy,” she wrote in an email to employees. “We are operating at margins that are 3-10x lower than comparable platform and publishing businesses. We must reset XBOX.”
I see the court economists are at it again, carrying water as they do for the new PM. They need to understand that massive spending on money losing, capital consuming circuses like FIFA does not add to GDP; that should actually be counted as a subtraction.
While CIBC was already expecting a “healthy rebound” in the second quarter, Grantham said the period was also “flattered somewhat by a rebound in mining, oil and gas, as well as potentially a boost from FIFA World Cup spending and preparations.”
The Liberals could make some easy, win/win concessions to the US on trade if they really wanted to. They are the only party that could afford to dismantle supply mismanagement, electorally speaking. And Blubber Dougie would fold like a cheap tent on the booze ban if Carney insisted. But Canadians seem to prefer the passive aggressive route instead.
The U.S. has also complained about Canada’s administration of dairy import quotas created under USMCA and raised concerns over milk pricing policies and market access for U.S. dairy products. Prime Minister Mark Carney’s government has said previously supply management will not be on the negotiating table.
If a Tory government ever did what the Liberals just did with those unsold condominiums, the torrent of criticism would be more like a tsunami with the mainstream media pulling out all the stops to pile on the government. Just sayin’…
Prime Minister Mark Carney has faced a torrent of criticism since June 18, when he announced a plan to work with the B.C. government that he said would help homebuyers struggling to save for a down payment.
Carney has since said his government did not explain the program well.
Someone wake me up when this thing finally ends. In the meantime, any ideas out there as to how this script will be wrapped up?
President Donald Trump on social media accused Iran of violating the ceasefire and warned of a point where the U.S. may no longer be reasonable “and will be forced to militarily complete the job.”
“If that happens, the Islamic Republic of Iran will no longer exist!” Trump wrote.
The exchanges of fire began when an Iranian drone struck a merchant vessel off Oman on Thursday and the U.S. military retaliated with strikes.
Buried in the story about Cuba instituting some free market reforms is an interesting tidbit about loosening restrictions on imports. The common narrative implies that Cuba’s inability to function economically is a result of trade sanctions imposed by the US. But the reality is that many of Cuba’s sanctions are actually self-imposed: it’s less the case that Cubans can’t buy foreign brake pads for their cars because the US won’t allow it, but more the case that communist officialdom has always stood in their way.
The plan includes more space for private businesses, imports and exports without state intermediation, free hiring of personnel, authorization for private banks and investment by Cubans abroad. It even permits fast-food chains to establish themselves on the island.
Say goodbye to rate cuts from the Bank Of Canada, at least for the time being.
According to Statistics Canada data, gasoline prices were up by 33.2 per cent year-over-year in May following a 28.6 per cent rise in April. These are the biggest increases since July 2022, officials said.
Food inflation also accelerated in May, rising to 4.3 per cent year-over-year compared with 3.8 per cent in April, driven mainly by higher prices for fresh fruits and vegetables.
Anyone with a different skin tone would have served jail time. What’s notably absent from the article is any mention of the impact on the victim’s family. Is their loss just collateral damage?
…Provincial Court of Manitoba Judge Wanda Garreck said defence counsel’s request for a conditional sentence was more appropriate after applying both the Gladue principle and precedents from R. v. Ipeelee, another landmark Canadian decision involving “systemic and background factors” related to Indigeneity.
Linklater, who was not wearing a seatbelt, was tossed from the vehicle at some point during the crash and was pronounced dead on the scene. It’s not clear how severely Okemow was injured, if at all, but she did produce “blood alcohol readings over three times the legal limit.”
The problem with the technical recession label is that it obscures the fact that Canada has already been in an effective recession for about ten years.
Whether or not Canada’s quarterly GDP grew or shrank fractionally over the past six months is of trivial importance compared with the inarguable fact that per capita growth has stalled since 2015. Our economy has not just had a bad couple of quarters, it has faltered for a decade, mostly because of persistently weak business investment.
There’s a simple solution for alleged funding problems for sewer and water networks: have the user pay, just like they do for internet. If usage fees cover repairs as well as future upgrades and expansion, bottlenecks won’t occur. Municipal governments, on the other hand, prefer to wait for “others”, namely provincial and federal taxpayers, to pony up for things they don’t want to charge local voters for.
She said municipalities largely rely on property taxes and user fees for revenue, which account for roughly one-tenth of total government revenues in Canada despite them being responsible for a majority of core local infrastructure.
“We know what we need to do,” she said. “The concern is we don’t have the fiscal capacity to do it at the speed and scale that housing targets require.”
The key to allowing a myth to become as pervasive and as thoroughly embedded in a culture as the myth of residential school mass graves, it seems, lies with getting enough people to buy into the notion of a secularized version of original sin.
The Kamloops fiasco has changed this nation for the worse. Canadians were made by their government to feel shamed, demoralized and bitter in being labelled génocidaires. The breadcrumb trail from these feelings leads directly to the media. Sorry, but a head must roll for that. Reconciliation? When First Nation leaders join other Canadians in calling for an annulment of the genocide resolution, we will know that the reconciliation process has begun.
As everyone knows, startup tech firms cannot possibly go broke, right?
Prime Minister Mark Carney’s government released a plan on Thursday to promote AI adoption across sectors and government,….The plan earmarks billions of dollars to increase adoption, commercialization and sovereign computing capacity, including a C$500 million ($360 million) Canadian Tech Growth Fund to provide “flexible growth capital and investment support” for startups.
If you follow the mainstream media, ever notice how conservatives seem to be the only group that is ever criticized for being “divisive”? Margaret Thatcher had a great label for politicians like Amelia Boultbee: wets.
She said in a social media post that Findlay’s election had left a void in the political landscape for those who are looking for an alternative to “NDP incompetence.”
“I feel strongly that British Columbian is best served, when it is represented by a government that values broad perspectives and stays away from polarizing extremes,” the post said. “I believe that the majority of British Columbians feel the same.”
Inquiring minds want to know: what’s in it for court water carriers who engage in mindless cheerleading for the government of the day? It’s like the scene in The Holy Grail where the armless knight declares, “‘Tis but a scratch!”
Luckily, economists say there is more to a recession than just two quarters of negative growth — namely the 3 Ds — depth, duration and dispersion.
This decline is not even close on depth — amounting to just 0.6 per cent annualized over the two quarters, “barely a scratch in GDP terms,” said Robert Kavcic, senior economist at BMO Capital Markets in a note.
Oh, that explains it!
Canadian Prime Minister Mark Carney, pressed about statistics showing the country is in a technical recession, on Tuesday told reporters that as the government pressed ahead with reforms “the data will be uneven”.
I’d rather that the Supreme Court ruled that aboriginal title doesn’t apply to government land either, since the acceptance of that precedent has already saddled taxpayers with billions of dollars in undeserved payouts, but at least someone finally drew a line in the sand.
The Supreme Court of Canada has upheld a ruling that Aboriginal title cannot be declared over private land, in a decision the federal government says will have an impact on the Cowichan Tribes case in British Columbia.