Category: Gradually Then Suddenly

Heading For The Exits

When even the CBC admits it, things must be even worse that anyone could imagine.

… business investment dropped off in 2015 when oil prices plunged and have remained stubbornly low ever since.

Economists warn that has weakened the Canadian economy and gives Canada less cushion to weather a trade war.

“GDP per capita has declined for eight of the past nine quarters, and business investment has been stagnant. Both cyclically and structurally, Canada’s economy is not well positioned to absorb a shock of this scale,” wrote Royal Bank’s chief economist Frances Donald and deputy chief economist Nathan Janzen.

Buy Local…Until You Can’t

Despite the ongoing displays of jingoistic pseudo-patriotism, the brittleness of the Canadian economy becomes more and more apparent every day. In reality, much of what these stores sold was not even made in Canada anyway.

Several Canadian fashion retailers will be closing their doors after ownership company Comark Holdings announced it has filed for creditor protection.

Comark is the Vancouver-based parent company of retail brands Bootlegger, Ricki’s and cleo.

The company currently has 221 stores across eight Canadian provinces.

Maximal Effects!

It’s notable that this guy is a former vice chief of the defense staff. The fact that such people get promoted to the highest positions in government explains a lot when it comes to the state this country is in. What Canada needs right now is serious critical thinking, not an unrelenting bromide stream and appeals for national suicide.

I submit we are under attack and more significantly, so too is the global system upon which our security and prosperity are based. In response we need to rapidly deploy all available instruments of national power with maximal effect. This may need to include otherwise previously unthinkable actions such as shutting off our oil and gas, electrical power and critical supplies, as well as the abandonment of historic diplomatic and military relationships and commitments. We must also convince our other allies — those kids on the sidelines of the schoolyard — that they too have a responsibility to act as they are at risk as much as we are.

Suicide Nation

It’s official. Stephen Harper has completely lost his mind. What’s worse is that his prescription for the deliberate impoverishment of Canada is being uncritically accepted by large numbers of Canadians. Would 50% unemployment and food riots be an acceptable “level of damage”? I, for one, don’t want to find out.

The snippet is from a recent Toronto Star article that is still behind a paywall.

Added by Kate, a paywall bypass.

Juvenile Nation

Why are so many Canadians acting like twelve year olds in a high school art class? Are most Canadians just this incapable of critical thought?

…the bagels are made by taking white and red dough, and intertwining them in a colourful, wood-oven-baked treat that she says is a fitting metaphor for Montreal, Quebec and Canada.

Canadian pilot Michael Jones made news headlines after he flew… for two hours near the U.S. border, taking a meticulous path to draw a Maple Leaf in the southwestern Ontario sky.

Kicking Horse Coffee is offering cafes a “Proudly serving Canadianos” window display as a symbol of their participation in the patriotic movement.

I’ll bet that’s got Trump quaking in his boots.

Related, from Kate: Is this the end of Trump?

A Punishing Backlash

The behind the scenes story of the woke philosophy that crashed Bud Light. It remains to be seen if the brand can be completely salvaged, but it offers a lesson to investors.

What went wrong at Bud Light? As the former president of the Anheuser-Busch Sales and Distribution Company—and an 11-year veteran of the company—I can tell you, this was no isolated mistake. It was the culmination of years during which Anheuser-Busch InBev, having failed to deliver new products, catchy campaigns, or fresh ideas, turned to what amounted to corporate progressivism, with an emphasis on what’s called ESG—environmental, social, and governance policies favored by the left. The stock price became secondary.

Battle Fatigue

In a war that few are talking about at the moment, it seems that things are not looking good for the Ukraine.

Then, while he was defending a ruined building, a panel fell on his shoulder. After receiving injections to reduce the pain, he was told to return to the front. “I realised I’m nobody. Just a number,” he said.

In May that same year, Viktor left his position to seek further medical treatment. He did not come back. His commander marked him down as awol. Viktor is one of thousands of Ukrainian soldiers who have abandoned their units. The exact figure is a military secret, but officials concede the number is large.

Failed State

Podcaster Chris Wyatt interviews South African entrepreneur Rob Hersov about the state of his nation and its recent moves to implement expropriation without compensation.

“[The ANC] lived off the “we liberated South Africa” and they’ve never grown up. They’ve never learned governance or government. In fact they’ve taken all their Soviet era propaganda…moron thinking on Marxism and communism and socialism and stuffed it down the throat of South Africa and destroyed our economy as a result…”

And The Budget Will Balance Itself

Dan Knight;

Ladies and gentlemen, let’s get something straight: The Bank of Canada just made a desperate move to keep the illusion of stability alive in a country that is already spiraling into economic disaster.

Tiff Macklem, the so-called head of our central bank, just announced the sixth consecutive rate cut, slashing the overnight rate to 3%. On the surface, that might sound like good news for some. Cheaper mortgages, maybe a little relief on your debt. But let’s be real—this isn’t economic strength. This is a blinking red warning light that our economy is in free fall.

And here’s what they’re not telling you: The Bank of Canada isn’t just cutting rates. They’re restarting asset purchases in March — which, in plain English, means they’re turning the money printers back on. This is what central banks do when they’re out of real solutions. When they can’t grow the economy naturally, they inflate their way out of the problem. The same reckless policy that triggered the inflation crisis in 2021 is coming back, and they’re hoping you’re too distracted to notice.

So why are they doing this? Because Canada’s economy is collapsing…

New: Trump signs new executive orders and speaks to reporters in the Oval Office. (28min)

Via CTVNews: Rona Ambrosegoes on a 3 minute schooling of Trudeau, the Liberals and the disaster they’ve created.

Meanwhile, Where’s Waldo?

Plus! Foreign Minister Joly is doing a great job making diplomatic inroads in the alternate-dimension United States where Tim Kaine holds any power.

Canadian Exceptionalism

Canada’s basic problem is not Trump; rather, it is that the inmates are now running the asylum.

The collective response of Canada to the expected Trump tariffs was then, predictably, declared to be a negative one involving the imposition of counter-tariffs.

Premier Doug Ford stated that counter-tariffs would be Ontario’s primary response, even before it was known what specific tariffs Trump was proposing. Premier David Eby of B.C. hysterically proclaimed that his province was preparing for “economic war” with the U.S. And Liberal leadership candidate Chrystia Freeland — the former finance minister who left the country with a $60-billion deficit and whom Trump most likely regards as the Canadian equivalent of Kamala Harris — trumpeted that she was the best person to lead Team Canada in its future relationship with the U.S.

 

Wise Words

Some serious self-reflection is in order, according to Jordan Peterson, before Canada embarks, panic-stricken, on the path to economic and cultural suicide. I hope enough people are listening.

Such behaviour is, sadly, a Canadian norm, particularly wherever the country is left-leaning; particularly wherever everyone believes axiomatically that we have all the virtues of our democratic compatriots to the south, and then some; particularly wherever everyone is inclined to point self-righteously to the wonders of our now-dreadful and even oft-murderous “free” health-care system and its associated highly dysfunctional, expensive and increasingly unsustainable social safety net…

That combined attitude of essentially socialist sentiment and moral superiority was exemplified above all, perhaps, by former Prime Minister Trudeau — … [the père] who dallied so self-aggrandizingly with the Chinese Reds and the dictatorial communist Fidel Castro and rubbed the Americans’ noses in it, moralizing intellectually and oh-so-fashionably all the while.

A Nation Of Ostriches

If given the choice, most Canadians would happily leave their heads stuck in the sand rather than meet the challenges of living and prospering in an industrial economy. Why does it take the musings of a foreign head of state to get us to wake up and think critically?

I may only be a cancelled bitumen pipeline, but after a cursory look at the modern state of the Canadian economy, it does strike me that your economic productivity sucks right now.

Per-capita GDP is in freefall. Each passing year, the average Canadian worker works the same number of hours as before, but they produce less. The problem is a lack of investment in per-worker productivity. If you hand a construction worker a shovel instead of a front-end loader, they’re simply not going to get as much done — and both your GDP and your people’s living standards will suffer in the long run.

Revolutionary Measures

I’m sure this move will get foreign investors all excited about putting money into the South African economy. The more likely outcome is that they won’t touch the place with a barge pole while current investors will be scrambling for the exits.

South African president Cyril Ramaphosa has signed a controversial land expropriation bill into law.

The law, which replaces the pre-democratic Expropriation Act of 1975, allows the government to seize land in the name of “public interest.”

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