The list of what the Liberals consider to be “infrastructure” projects continues to boggle the mind. The main criteria apparently is that they be money-losing boondoggles.
Some of the projects identified for further development include enhancements to the Port of Churchill in Manitoba, a high-speed rail line between Toronto and Québec City, a 50-gigawatt wind energy project in Nova Scotia and an Alberta-based carbon capture and storage project.
So the mainstream financial media is finally waking up to what most of us on SDA acknowledged long ago.
The job market is exhibiting some other recessionary characteristics, too. Desjardins Economics, in a report last Thursday, said the current youth unemployment rate “is now at a level more commonly seen during a recession.”
The unemployment rate for those aged 15 to 24 in August was 14.5 per cent, according to Statistics Canada, compared to nine per cent in July 2022.
I’ve always been skeptical of the disease model of addiction, and the treatment industry that flows from that theory. Disagreements of a fundamental nature in the scientific community on a host of issues are remarkably common, contrary to what the mainstream media would like you to think.
Smith was steadfast in her belief that her actions were volitional from the start. Her drug use and crimes were not the products of an immoral character or a faulty brain incapable of change, but rather of an environment where heroin was accessible and desirable. This outlook determined her experiences in prison and beyond, ultimately leading her to dedicate her life to challenging predominant medical models of addiction with her research. Today, she is an assistant professor of psychiatry and behavioural sciences at Johns Hopkins University in Baltimore, Maryland.
Is rising unemployment part of Canadian exceptionalism too? I’m sure this can all be fixed with zero percent interest rates in any case.
Canada’s labour market shed a net 65,500 jobs in August and the unemployment rate jumped to 7.1 per cent, according to Statistics Canada data released on Friday.
The unemployment rate is now at its highest point outside of the pandemic since May 2016, and has risen 0.5 percentage points since the start of this year.
Our PM seems to expect reality to bend in order to accommodate his contradictions. Good luck with that.
Carney revealed that “austerity” was on the menu for his government’s first budget this fall while speaking to reporters before chairing a two-day cabinet retreat in Toronto.
“It’s an austerity and investment budget at the same time, and that’s possible if we are disciplined,” Carney said in French. “We can do both, and we will do both.”
You’d think by now the doom mongers would be taking a break. Far from it. At every opportunity, they’re doubling down.
This is what it’s come down to: if you have the sniffles and test negative for COVID, you better lock yourself in the house just in case the test was inaccurate. Might as well quit your job at that rate.
“If that test is negative, it might be what’s called a false negative, or not positive yet,” Coles said. In that case, you should test again in three or four days to ensure you don’t have COVID, she added. “Because if you have COVID, we want you to stay home, protect yourself and protect others as well,” Coles said.
Not only are they demanding payment for any future infrastructure projects, but nearly a billion dollars up front just to figure out what those payments might be. They’re like a contractor who charges you to develop an estimate or a realtor who demands a commission prior to a sale.
In her opening remarks, National Chief Cindy Woodhouse Nepinak pointed to provincial bills that also seek to fast-track major projects. She praised chiefs in B.C., Quebec and Alberta for standing up for their rights and territories by pushing back against provincial governments.
The assembly recently put forth a pre-budget submission to the federal government recommending $800 million over the next two years to support a First Nations review of national interest projects.
We seem to be having more contractions than a woman in labor, but I’m sure all the buy Canadian campaigns will make up for it, right?
Canada’s manufacturing sector contracted in August, clocking seven monthly reductions in a row, as manufacturers grappled with low export demand due to U.S. tariffs, along with logistical and pricing pressures, data showed on Tuesday.
Canada’s economic decline is getting noticed south of the border. Too bad many Canadians don’t appear to care.
Guess who’s buying all those new homes in Canada? Apparently, almost no one. The central question that the article fails to ask is this: whose balance sheets are taking the hit? In any case, retirees are never going to take up all the slack that investors are leaving behind.
There were just over 300 new homes sold across the entire Toronto region in April. A population of about 6.4 million people was mainly too scared to pull the trigger.
It was one of the worst months ever for sales, according to the Building Industry and Land Development Association. The market hasn’t improved much since.
“It’s a crazy market out there with condos,” she said, fully aware of the drop in sales and prices. June sales were just 510 units, 82 per cent below the 10-year average for the month, BILD said.
Learn to code, they said. But just don’t expect a job in Canada.
Canada’s tech job market has gone from boom to bust in a matter of years, a new study says.
The research released Tuesday by job postings site Indeed says August openings in the sector posted on its platform were down 19 per cent from their early 2020 levels.
Outside of a federal election every six months, I don’t see what could possibly prevent this ship from sinking.
Canada Post reported a loss before tax of $407 million in its second quarter as its parcels business fell due to labour uncertainty.
The company said its mail volume increased in the quarter, but it was largely driven by one-time federal election mailings, while parcels declined sharply as customers chose other carriers due to the labour uncertainty.
The headline needs a correction: taxpayers bought a share in the terminal, not First Nations.
The three equal partners say the deepsea terminal’s primary purpose is transporting critical minerals such as copper concentrate to market from sources including Newmont’s Brucejack and Red Chris mines in Nisga’a and Tahltan territories.
The price of the terminal isn’t included in the statement, but it says the province provided a $5-million grant to the Tahltan and Nisga’a nations to support the purchase.
Best health care system in the world, huh?
The family says he was triaged at 10 p.m., but it would be more than eight hours before he saw a doctor, despite his mother’s repeated requests for help.
“I kept worrying that they’re going to think I’m such a nuisance. And I don’t want them to think that I’d be making such a fuss, and then they ignored us more,” she told CTV News.
The fact of the matter is that John Q. Public is generally okay with the borrowing spree, no matter what the province or level of government. If there’s any negative consequences to an exponential rise in debt, most voters have pushed that concern to the back of their minds.
The province said its deficit is now projected to be $668.7 million for the 2025-26 fiscal year, up from the $549 million forecast in the March budget. Revenues are expected to be $59.6 million lower than forecast in the budget, and expenses are projected to be $60 million higher than the March estimate.
Whatever happens to the housing industry in this country, the damage will invariably be papered over by financial institutions marking assets to book value instead of market value. That’s what they’ve been doing since 2008 and most everyone seems okay with it. What could possibly go wrong?
“I think the last time I saw this was in 2008-2009 during the financial crisis,” she said. “And in 2020 during COVID-19.”
Calderwood has built a career specializing in selling luxury real estate from condos to waterfront properties, and she has recently noticed both a decline in sales and prices, as well as a rise in foreclosures.
“It really picked up last year, but this year, too,” she said. “A lot of foreclosures and then you just see the price dropping. Sometimes people are losing a couple of million.”
Ann Coulter’s a bit upset with President Trump these days. She weighs in with her take on the Epstein files, the Ukraine war and why she wouldn’t want Vivek as President, among many other topics.
The fact of the matter is that most voters only want spending cuts for items that they consider non-essential. Of course, the definition of non-essential varies so widely that the preferences of each voting bloc pretty much creates a log jam effect whereby no significant spending cuts can ever be implemented.
The report, to be released Thursday by the C.D. Howe Institute, says the Carney government’s spending review will only include about one-third of all federal program spending and is expected to save no more than $22 billion by 2028-29. The think tank says that’s less than half the $50 billion in savings that are needed to return federal government coffers to “a fair and prudent path” that would see Ottawa’s debt-to-GDP ratio stop climbing.
My grandfather’s house, built in 1902, is still standing today despite having been built and later completely remodeled without any building permits at all. Yet statements like “You can’t construct a home without building permits” appear to ascribe metaphysical properties to legislative edicts; not having a building permit is treated as the equivalent of defying the law of gravity. In any case, the reason for skirting building inspection should be obvious: the moment you improve your property, your tax bill goes up.
The owners of a palatial home in West Vancouver, recently assessed at more than $6.7 million, have been ordered to demolish a building resembling a small residence and constructed without permits, at the back of their property.
“I can’t recall ever seeing a case like this,” West Vancouver District mayor Mark Sager told Global News in an interview Monday. “You can’t construct a home without building permits.”
I guess most venture capital investors didn’t get the memo about how Canadians were supposed to invest in themselves now that economic relations with the US are strained.
Investors poured $2.9 billion into 254 Canadian VC deals in the first six months of 2025, marking a 26 per cent decline in dollars invested and a 22 per cent fall in deal count compared to the same period last year, the report released on Wednesday said. It was the lowest first-half total since 2020.