Category: It’s Probably Nothing

Circling The Drain

Gradually Then Suddenly Great Moments In Socialism It's Probably Nothing 12 Comments

It’s no surprise that housing starts have fallen sharply in Ontario. Unemployment’s up, the marginal home buyer is tapped out, and the Bank Of Canada is not in any hurry to offer relief. Elbows down, people!

In the first quarter of 2025, construction started on 12,700 housing units, which financial accountability officer Jeffrey Novak said is the lowest level since 2009.

That’s down 20 per cent from the first quarter of 2024, a year that also saw relatively low levels of housing starts.

Dougie may need to call in some favors from his buddy Mark, and soon…

Canadian unemployment is rising, and the country’s largest province is leading the trend. Ontario’s unemployment rate climbed to 7.9% in May—nearly a full point above the national average. A new report from BMO warns the province’s unemployment rate is now at a level not seen outside of the worst recessions.

The Pigs Are Hungry

Cronies Gradually Then Suddenly It's Probably Nothing 15 Comments

Massive cost overruns on yet another defense procurement contract? If Canada ever found itself in a war, it would likely be over before we got the first plane in the air.

The estimated cost of Canada’s incoming fleet of advanced stealth fighters exploded by nearly 50 per cent in just a few years, auditor general Karen Hogan said Tuesday in a new report.

National Defence said in 2022 the base price for the F-35s would be $19 billion. Just two years later, the number has climbed to $27.7 billion. That estimate does not include figures for infrastructure upgrades or weapons.

The Truth Is Out There

Military Mischief Is Important UAP 12 Comments

NY Post;

Some of the most prevalent UFO conspiracy theories — including about aliens being housed at Area 51 in Nevada — were fueled by the Pentagon in an attempt to provide cover for secret weapons programs, according to a bombshell report.

A review by the Department of Defense found that in the 1980s, an Air Force colonel visited a Nevada bar near Area 51 and gave the owner fabricated photos of flying saucers near the secret government base, according to a review of the 2024 report by the Wall Street Journal.

The incident renewed local fervor over UFOs, with the now-retired colonel confessing to Pentagon investigators that he was on an official mission to spread disinformation and hide the true purpose of the site, where the government was testing the first-ever stealth warplane, the F-117 Nighthawk.

And lots more.

Paper Tiger

Gradually Then Suddenly Great Moments In Socialism It's Probably Nothing 11 Comments

So China’s mix of free market economics and state control isn’t working out so well after all. Shocked, I tell you…shocked!

The reality is this: China’s economic stature is overrated. Despite heavy investments in technology, its economy suffers from a persistent productivity problem. Its exports are still centered around low- to mid-value goods, and its much-hyped artificial intelligence (AI) sector is more about state direction than spontaneous innovation.

Much of China’s R&D spending is directed by the state or influenced by political incentives. State-owned or state-affiliated enterprises are often the biggest recipients of funding, which leads to inefficiencies and duplication. Instead of fostering open competition and entrepreneurial experimentation, the system favors companies with political connections and access to subsidies.

The Art Of What Deal?

Forward! It's Probably Nothing 16 Comments

I’m not sure who’s worse. The water carriers who write such vacuous puff pieces or the water carrier who currently inhabits the office of the Premier of Ontario. These alleged negotiations are starting to sound like an episode of Secret Squirrel. All Carney needs to complete the charade is a hat with eyeholes in the brim.

When reporters on Parliament Hill asked the minister if Canada is close to a deal with the U.S., Joly bristled. “Guys, do you really think I’ll answer that question?” she asked rhetorically. “I won’t answer that question. We won’t negotiate in public and we’ll let the prime minister do his work.”

Earlier in the day, Ontario Premier Doug Ford said Carney is in “deep, deep discussions” on trade with Trump. “I’m not going to speak on behalf of the prime minister. I just know that they’re right at the brink,” Ford said at the Ontario legislature. “They’re working hard around the clock to try to get a deal.”

Your Civil Liberties vs Their Laziness

Gradually Then Suddenly Great Moments In Socialism 17 Comments

Blacklock’s- Bill OKs Police To Open Mail

Police would gain new powers to intercept mail in transit under a bill introduced yesterday by Public Safety Minister Gary Anandasangaree. The bill repeals privacy protections at the post office that date from Confederation.

Currently police must track suspicious letters and packages to delivery, a requirement that’s seen RCMP pose as mail carriers and courier drivers in sting operations, according to evidence filed in the Ontario Court of Appeal.

Circling The Drain

Gradually Then Suddenly Great Reset It's Probably Nothing 3 Comments

The marginal home buyer can’t muster much of a bid these days, and who could blame him? When is this going to start hitting the balance sheets of lenders?

Vancouver home sales activity fell again in May as buyers continued to sit on the sidelines, the city’s real estate board said Tuesday.

Residential sales in the region totalled 2,228 last month, an 18.5 per cent drop from the same month a year earlier, Greater Vancouver Realtors said. Sales levels are 30.5 per cent below the 10-year seasonal average.

 

Narrative Spin

Climate Cult Gradually Then Suddenly It's Probably Nothing 24 Comments

The narratives spin so fast with some journalists that you just can’t keep up these days. When faced with the obvious problem that EV sales are cratering at the same time that government subsidies are evaporating, the typical response is to cite opinion polls which claim that car buyers are actually quite positive about EVs.

DesRosiers Automotive Consultants described an “astonishing” collapse in battery electric vehicle sales, adding that “stunning declines were witnessed by a plethora of BEVs, as sales plummeted across the segment.”

However, J.D. Power Canada says only 42 per cent of new vehicle shoppers likely considering an EV say Ottawa’s rebate halt had a “negative effect” on their decision. Twenty-eight per cent say the pause was “more or less neutral” in terms of swaying their intentions. J.D. Power says it collected responses from 3,979 new vehicle shoppers in March and April.

 

Elbows Down!

Gradually Then Suddenly It's Probably Nothing There Goes The Narrative 24 Comments

Now that the election is over and the culture is safe from the predations of those nasty conservatives, the mainstream financial media can now openly admit what most SDA readers have known for months: the Canadian economy is headed for the dumpster.

TD expects another 100,000 Canadian jobs could be lost through the third quarter, bringing the unemployment rate to a peak of 7.2 per cent, a full percentage point higher than the bank’s December forecast.

The bank has also downgraded its forecast for gross domestic product and is now calling for a contraction in the second and third quarters of this year.

 

The Canadian Dream

Gradually Then Suddenly Venezuela 26 Comments

Blacklock’s- 51% Struggle With Mortgage

Most mortgage holders are struggling to pay their debts with nearly a quarter now using credit cards or other borrowing to meet bills as they fall due, CMHC said yesterday. The federal insurer said financial well-being of householders had deteriorated over the past year.

“There was an increase in the proportion of consumers who stated they had difficulties maintaining debt payments,” said the 2025 Mortgage Consumer Survey. A majority, 53 percent said they were “concerned about defaulting on their mortgage.”

The Future of War

It's Probably Nothing Little Known Facts Military Putin There Goes The Narrative 5 Comments

Real Reporter discusses how the Russians are catching up in drone technology, which possibly explains why Putin seems disinterested in peace talks.

“Today’s guest is Serge a Russian engineer and entrepreneur developing military drones for the Russian army. At the start of the war Russia was embarrassingly behind in drone warfare but as the battlefield evolved private startups like Serge stepped in to help Moscow catch up. Now Russia is closing the gap with Ukraine not just in the number of drones but in their quality and tactical innovation. What makes this conversation stand out is Serge’s perspective. He’s not part of the military which gives him a rare level of freedom to speak openly. His insights into modern and future drone warfare are sharp and at times surprisingly candid.”

Hat Tip: Neil

It’s Probably Nothing

It's Probably Nothing 68 Comments

Sam Cooper- Explosive FBI Warning—CCP, Iran, and Mex-Cartels Partnering in Canada to Move Fentanyl and Terrorists Into U.S.

In an explosive Sunday interview that will place tremendous pressure on Prime Minister Mark Carney’s new Liberal government, FBI Director Kash Patel alleged that Mexican cartels, Chinese Communist Party operatives, and Iranian threat actors have forged a new axis of criminal cooperation, using Canada’s porous northern border and the Port of Vancouver—not the southern Mexican border—as their preferred entry point to flood fentanyl and terror suspects into the United States.

New Governor, Just Like The Old Governor

2025 Federal Election Gradually Then Suddenly The Libranos 33 Comments

TorStar;

Bell Canada’s cancellation of a $32-million dollar contract to expand high-speed internet and cell service on Labrador’s north coast comes as the telecommunications giant has confirmed plans to expand southward in the United States.

After receiving millions in government subsidies for the Labrador North Wireless Broadband Project, Canada’s largest communications company says it’s no longer feasible to complete the expansion due to rising costs and competition.

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