Until it’s theirs.
WATCH: Winnipeg Sun Columnist @KevinKleinwpg says federal crown corporation @CMHC_ca, with help from Carney Liberal ministers, want to tax Canadian home equity savings (if you're a home owner, that's you), worth approx. 4.7 Trillion dollars. Read more below ⤵ #cdnpoli #elxn45 pic.twitter.com/MUK8exNaiE
— CCFR/CCDAF (@CCFR_CCDAF) April 25, 2025
BC Rental Project- Vancouver Breaks Its Own Rules to Build Middle-Income Housing—A Sign of a Broken Market
In a striking demonstration of how dysfunctional Vancouver’s rental market has become, the city is being forced to break its own regulations just to make a middle-income housing project viable. This raises serious concerns about government interference in housing development and its role in exacerbating the affordability crisis.
h/t Cameron
If proof was ever needed that the Liberals could not care less about the oil patch, this is it.
…oilfield service companies have been hit hard by Ottawa’s retaliatory tariffs on U.S. products — including 25 per cent tariffs on imports of steel and sand used in hydraulic fracturing operations…
[Fracking operations] require operators to import millions of tonnes of high-silica frac sand, primarily from mines in Wisconsin and Minnesota.
When a bank agrees to finance your mortgage, it’s a loan, not aid. Investors don’t loan you their capital because they think you are deserving of some “help”. While it’s legitimate to question whether or not governments should finance a pipeline, to call this “aid” is quite the stretch.
“Oil and gas companies – emboldened by their influence over President Trump – are exploiting the current economic uncertainty to call on governments to double down on fossil fuels by expanding pipelines and other projects and finding new export markets,” Julia Levin, associate director of national climate at Environmental Defence, stated in a news release on Thursday.
“This push ignores the fact that fossil fuels come at a high price — not just at the pump, but through rising costs of groceries, worsening health outcomes, damage to property, and huge government handouts,” she added.
“It also ignores the rapid energy transition towards renewable energy that is happening globally.”
For discovering something that was always there to begin with.
Globe and Mail- Mark Carney will not make Canada more prosperous
Dan Knight: B.C. Credit Downgrade
S&P cut B.C.’s rating from ‘AA-’ to ‘A+’. Moody’s dropped it from ‘aa1’ to ‘aa2’. That’s the fourth downgrade in four years. Four. This is a province that used to hold AAA status—the financial gold standard. That means British Columbia was once considered one of the most fiscally stable jurisdictions not just in Canada, but globally. Not anymore.
Even more alarming? S&P didn’t just hit their long-term rating—they downgraded the short-term rating too, from ‘A-1+’ to ‘A-1’. Why? Because even in the short term, B.C. is starting to look like a risk. A liquidity risk. That means the money might not be there when it’s needed. That’s a red flag for anyone with a calculator and a memory longer than five minutes.
This is not some vague bureaucratic move. This is a direct indictment of the NDP’s economic policies in British Columbia. This is what happens when you treat taxpayers like an ATM machine and the economy like a social experiment. And now, international financial institutions are officially saying what a lot of people have been screaming for years: B.C. is in serious fiscal trouble.
Leaving the left coast: Seattle taxes itself into a $47M revenue shortfall and now the state is considering doing the same.
Sun- We’ve got bigger problems than Donald Trump
Food banks can’t keep up. Housing costs are out of reach. The middle class is being hollowed out. Small businesses are barely surviving, and young Canadians are giving up on ever owning a home or getting ahead. This didn’t happen overnight.
Having the government buy a bunch of cars will fix everything, I’m sure.
Carney, speaking to a televised press conference in Windsor, Ontario, also said his government would work with industry to build more car parts in Canada and limit the number of parts that cross the border with the United States during production.
When it came to buying official vehicles for official business, a Liberal government would focus on buying autos that were made in Canada, he added.
Sylvain Charlebois- Farmers pay the price for Ottawa’s electric vehicle obsession
Betting billions on a speculative EV industry while leaving Canadian farmers and seafood harvesters to pay the price is proof that in this trade war, agriculture is just collateral damage
The Spectator- Is Canada doing enough to stop the US trade war?
There’s such a thing as cutting off your nose to spite your face, and the tariff war between Canada and the US is beginning to look like a case in point.
An actual investment provides an identifiable return on invested capital. Slush funds don’t.
Industry Minister Francois Philippe Champagne says he’s telling his department to prioritize investments in projects that primarily use Canadian steel and aluminum — part of Ottawa’s reply to the Trump administration’s trade war.
Blacklock’s- $42M Relief For Pot Dealers
“The cannabis industry is facing economic difficulties which threaten a key objective of the Cannabis Act which is to provide for the legal production of cannabis to displace the illegal cannabis market.
The Competition Bureau in 2023 estimated two-thirds of licensed marijuana dealers were tax delinquents. “The total amount of unpaid cannabis excise duties has continuously been rising since legalization,” said a report Planting The Seeds For Competition.
Blacklock’s- SOS For Tax-Funded EV Plant
“There is an existential crisis,” said Champagne. “I hope the project continues. I can assure you we are working hard on finding new partnerships.”
Many more such incidents resulting in “lost value” and there will be no economy left capable of generating any value at all.
The Legault government has poured $270 million in Swedish parent company Northvolt AB, and Fréchette confirmed this sum “has lost its value.” The Caisse de dépôt et placement du Québec has also invested $200 million in the company.
Quebec granted Northvolt a further $240 million for the purchase of land in the Montérégie region. This sum is secured by collateral on the land and assets of Northvolt’s North America subsidiary, Fréchette said.
I’m surprised that there was no mention of high speed rail as a domestic “investment” gambit for Canadian pension funds.
The policy statement was issued following a request by former Bank of Canada governor Stephen Poloz, who was given a broad mandate by the government last year to find ways to persuade Canada’s large pension funds to deploy more of their billions in investment dollars in Canada.
Government of Canada- Government of Canada plans to issue US-dollar global bond
March 10, 2025 – Ottawa, Ontario – Department of Finance Canada
In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
To support this commitment, the Government of Canada today announced its intention to launch a US-dollar-denominated global bond tomorrow, March 11, subject to market conditions.
That’ll fix it.