Author: Dennis

Climate Marxism

So Doctor Fruit Fly is frustrated and angry with our new PM? If only Carney would give him a lot more to get angry about.

Suzuki, 90, retired from hosting the show four years ago, but still wants to talk to Canadians about the environment. This time though, the educational message is tinged with exasperation.

Canadians and people around the world have their priorities wrong, he said.

“So if that doesn’t tell you right there what kind of a f–ked-up system we have, that is exploiting the very things that keep us alive. And we don’t put any value on it.”

The Masochistic Economy

Economies with fiat currencies will always have a tough time handling higher interest rates, given the exponential growth in debt that necessarily goes along with fiat. The insatiable demand from low IQ voters for more free stuff doesn’t help either. Nonetheless, it looks like we’re in for more rate hikes in the near future. Hold onto your hats, folks.

“Further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,” Barr said in a speech in Chicago. “Inflation is above our 2% target and not clearly trending toward target in a timely way. Moreover, risks to achieving our inflation target have increased, while risks to the labor market have receded.”

To make matters worse, we now have a seven percent solution for the US housing market.

Flaming Solar Farms

The 21st century version of the Springfield Tire Fire. I can’t wait for the day when solar arrays dot the landscape. Can you?

A fire at a solar farm in western P.E.I. is out after some battery cells burned, smouldered and flared up for two weeks.

On the day the fire started, which was the Labour Day holiday, a shelter-in-place order was issued, as well as a voluntary evacuation notice, and some roads were closed. Two schools were closed the following day.

 

Circling The Drain

If you’ve checked out the price of beef lately or had a look at the prices on almost any restaurant menu, this should really come as no surprise.

Meritage Hospitality, one of Wendy’s largest U.S. franchisees, filed for Chapter 11 bankruptcy protection on Thursday.

At an investor conference in June, Meritage CEO Bob Schermer Jr. said that store-level earnings before interest, taxes, depreciation and amortization had plummeted 48% in 2025. Rising beef costs and increased discounts weighed on the franchisee’s profits.

Circling The Drain

Since everyone knows these “limits” are never going to be enforced, the EU is like the father endlessly shouting “don’t make me come up there!”

A ministry source told reporters the public debt would reach 119.3% of GDP in 2026 and 121.7% in 2027, more than double the 60% of GDP reference limit EU member countries are required to aim for.

France is the third most indebted country in the eurozone, behind only Greece and Italy.

Shifting Deck Chairs On The Titanic

It’s odd that associate membership with the EU was never once mentioned during the last election, yet today it is being celebrated by the chattering classes as if it were the best thing since sliced bread.

European Commission President Ursula von der Leyen proposed Canada becoming the first associate member of the European Union.

Not everyone is cheerleading, however. But you have to go to lesser known publications to see any of that.

Smyth used stronger language in an August article in The Western Producer, writing that joining the EU would be an “unmitigated disaster.”

“The EU bans most of the technologies that have enabled Canadian farmers to become the most sustainable producers of crops anywhere on the planet,” Smyth wrote.

 

Ain’t Gonna Happen

A balanced budget at any level of government in Canada is wishful thinking on steroids these days. John Q. Voter’s capacity for critical thinking was numbed so effectively by the Covid spending spree that any political party would be wiped out at the polls if they implemented anything beyond token spending cuts.

The Parti Québécois is promising to balance the provincial budget by 2028-2029, a year earlier than the current Quebec government’s projections.

The PQ’s plan calls for a $6.6-billion reduction in government spending over five years.

We’re All Gonna Die!

It speaks to the credibility problem of a mainstream media like Reuters when they can regurgitate  an extraordinary claim about AI without once questioning how anyone could reach such a conclusion. It’s not that someone said AI could kill a lot of people, but rather that AI could literally kill all of us. And by what means?

Public ‌alarm about the potential danger posed by AI is growing, after Anthropic researcher Jacob Coxon said ​last week he had resigned, in part because the “people building AI earnestly believe that it could kill us all by the end of the decade.”

Update, from Kate — this thread by Kevin Bass is a “rest of the story” must-read.

I have conducted an audit of Anthropic’s finances.

What I have found is so shocking that I am calling for a Congressional investigation.

Anthropic is not just seeking regulatory capture.

It has built a regulatory capture machine that cannot be turned off.

Structural financial incentives make it impossible for Anthropic — I call it the Anthropic Network — to turn off its own AI doom cycle.

It starts with METR.

Dario Amodei proposes “third-party evaluators” to assess the risk of Anthropic’s models.

He proposes METR for this purpose.

But METR is financially dependent on the Anthropic’s success — specifically, on the explosive growth of more than $7 billion dollars in Anthropic stock.

Money For Nothing

Now Wab proposes to hand out tax breaks for “investments” in the Port of Churchill. Newsflash: a 7% cost reduction is unlikely to convince any investor to sink money into a port that’s locked in ice for a substantial portion of every year. It’s doubtful the green lobby will like the idea of ships bulldozing polar bears either.

The province say the new tax measure would apply to proposals for a new energy corridor and liquefied natural gas facilities, upgrades to the railway that runs to the port and icebreaking capacity to support year-round shipping.

Racialized Justice

What perpetrator of vehicular manslaughter wouldn’t be rehabilitated by spending more time “in nature”?

He considered how colonialization of the Six Nations band had led to a “major disconnection” to Wilson’s culture that, in turn, led him into “over-consumption of alcohol and unhealthy relationships.”

“This crystallized into the tragic events of Feb. 11, 2022,” said Edward.

The judge considered Wilson’s guilty plea and how he has spent his time since the crash in nature, focusing on cultural teachings and traditional practices, according to his mother.

 

A Losing Strategy

Brian Lilley recently interviewed Professor Ian Lee who teaches at the Carlton University about Canada’s prospects for winning the trade war with the United States. In a nutshell, we pretty much lost before the war even began.

We’re we’re tariffing a little tiny tiny percentage 25 28 billion of that 400 billion and that 400 billion is 1.5%. So we are tariffing a subset of a subset of a subset of a very tiny number and we have convinced ourselves that this is going to move the needle of this enormous gargantuan economy and it will not.

Economic Illiteracy

Deliberately choosing to pay more than you need to for inputs doesn’t make your province richer; the reality is quite the opposite. My guess is that the “buy local” gambit is going to be used not only as an excuse to shut out American suppliers but suppliers in other provinces as well. In any case, there’s no way a few sales to the Quebec government can replace the losses from being unable to sell into a market ten times the size of Canada’s.

The Quebec government has announced a series of measures to promote buying locally in response to the escalating trade war between Canada and the United States.

Premier Christine Fréchette says the measures will inject about $1.5 billion into the Quebec economy in the next four months.

 

 

Magical Thinking

Run the same poll three months from now and you’ll probably get a very different result, but for the time being Canadians seem blissfully unaware of the freight train that’s barreling down the tracks towards them. John Q. Voter is either incapable of understanding basic economics or he’s experiencing some sort of psychotic break just now.

This means items that consumers may not regularly see or purchase, but are often required as part of a manufacturing process or supply chain that ultimately could mean higher prices for a wider variety of goods — even if they’re made in Canada.

Three-in-five (60 per cent) of respondents said they are willing to stay the course on Canada’s current negotiating strategy even if it means paying 10 or 20 per cent more for household expenses, including groceries and clothing.

At Whose Expense?

Every time a politician tells you that his policy will “come at a cost“, you just know he doesn’t have your best interests in mind.

Carney discussed Canada’s plan to respond to the U.S. trade war by striking new trade deals with other countries.

“We have everything we need to pivot and prosper,” he said.

“That pivot will come at a cost. There’s always a cost to action. But it doesn’t come close to the cost of standing still.”

Priorities, Priorities…

Canada still doesn’t have a coast to coast four lane highway, but it seems the bigger priority is to subsidize water systems for ratepayers in the oil patch. And then there’s the requisite mention of community centers, as if it were literally impossible for such entities to be financially self-sufficient. The mind boggles….

On Tuesday, the federal government confirmed a contribution of up to $29 million to the North Calgary Water Servicing project, funded through the Direct Delivery stream of the new Build Communities Strong Fund…

…$17.2 billion for provinces and territories, $6 billion for direct federal delivery on regionally significant projects and $27.8 billion flowing to local governments for roads, transit, water systems and community centres.

Elbows Down!

Surely this is just a massive coincidence, right?

The unemployment rate held steady at 6.4 per cent last month, Statistics Canada said Friday. August’s losses fell short of economists’ expectations for a gain of 15,000 positions.

And just south of us:

The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang.

The unemployment rate remained at a low 4.1%.

 

New Boss, Same As The Old Boss

The new guy doesn’t sound a whole lot different than Starmer. Good luck with your voting choices, Britain. You’ll soon be back to the dreary 70’s at this rate.

He said that greater public control over water, energy and transportation can drive economic growth and ease households’ financial burden, though it’s unclear to what extent he plans to reverse decades of privatization of key pillars of the economy.

End Of The Road?

Thus far in the conflict with Iran, oil price spikes have been moderated thanks to the ongoing release of oil from the Strategic Petroleum Reserve. A potential problem is that those reserves cannot be drained anywhere close to zero. If that’s the case, then we may have already hit the bottom of the barrel.

The level will drop to about 243 million if Trump releases a final batch of 39 million barrels from a March agreement with the International Energy Agency.

Siddharth Misra, a professor of petroleum engineering at Texas A&M University, said that while the absolute physical floor for the SPR is 70 million barrels, the practical minimum level for safe operations is close to 250 million barrels.

Cultural Imperialism

Were the latest CRTC mandates, and justifiable American opposition to them, the excuse for claiming a supposed threat to Quebecois culture and ending the trade talks? None of that would surprise me. In any case, it’s an incredibly stupid hill to die on and it sickens me that Canadians seem happy to go along with that.

Prime Minister Mark Carney has said the U.S. put pressure on Canada to adjust its position on rules around discoverability of content online, and that U.S. demands would have affected Canada’s ability to protect its culture, including the French language.

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