Category: Shiny Pony

Down The Primrose Path

Brian Zinchuk;

I asked [Premier Scott Moe] if Saskatchewan had heard anything from the feds on their promise of increasing oil production by 300,000, or any ability to get it to them – pipeline, crude-by-rail, export infrastructure. We are, after all, the second largest oil producing province in the country, and anything coming from Alberta to the East Coast would have to pass through us. So you’d think we’d have heard something. Anything.

The answer? “No,” Moe said.

And The Inflation Will Deflate Itself

Money from trees;

The new measures are “sufficiently targeted that we are confident they will not contribute to inflation,” Trudeau said Tuesday in St. Andrews, New Brunswick, where his caucus is meeting. “We are retaining fiscal firepower and at the same time ensuring that those who need support don’t get left behind.”

Economists have already begun to warn Trudeau against measures that could worsen inflationary pressures. Since last week, three of the country’s largest commercial lenders — Canadian Imperial Bank of Commerce, Bank of Montreal and Bank of Nova Scotia — have released reports expressing concern over using revenue windfalls for additional spending. […]

The government’s affordability measures come as the central bank aggressively tightens policy, raising the benchmark overnight interest rate by 75 basis points to 3.25 per cent last week. That move gave Canada the highest policy rate among major advanced economies.

Everything is transitory: New Inflation Numbers Mean the U.S. Economy Is Destined for ‘Hard Landing’

I Want A New Country

Let’s kick this monstrous mess to the curb and start fresh.

On Thursday morning, while catching up on the news about last weekend’s massacre on (and around) James Smith Cree Nation in northern Saskatchewan, I ran across a truly remarkable Globe and Mail headline: “Saskatchewan suspect’s case draws new scrutiny to statutory release.” I hardly knew whether to laugh or cry at this exercise in the journalistic privilege of agenda-setting. The crimes of Myles Sanderson, who died mysteriously in police custody Wednesday after stabbing 18 people and killing ten of them, ought to “draw new scrutiny” to about a hundred different things about the Canadian state and its philosophy of criminal justice. One hardly knows where to start with the list-making.

It’s short and it’s brutal. Go read it all.

The House That Trudeau Built

Let me guess compost toilets, solar panel power and a life time supply of cockroach milk? 

Financial Post- Canada to fund ‘rent-to-own’ program under $2-billion housing plan

The funding, earmarked in previous budgets, would go toward creating some 17,000 new homes across the country, including more rapid housing for the homeless or those at risk of becoming homeless, along with affordable and market-rate housing projects.

Take That, Putin

Regina: Evraz steel workers feel uncertainty

Earlier this month, Evraz PLC announced it has plans to sell off its North American assets. With its largest shareholder a Russian billionaire, the company has been challenged by sanctions enacted due to the ongoing war in Ukraine.

“We’re bystanders in the conflict,” Day said.

“The members and the workforce should not be punished for things beyond our control.”

Still, with the future of the plant unknown, workers have experienced confusion and uncertainty, Day said.

“Everybody is worried about their future,” he said, but added that the situation is “out of our control.

”The task at hand, he said, is for workers to go to work and go home safe to their families.

“Worrying about what’s going to happen or who’s going to buy us, if they sell, it’s just going to add stress to an already dangerous job.”

There’s Never Been A Strong Business Case For Moving Gas To Europe

@JavierBlas

Fresh record high prices for 🇩🇪 and 🇫🇷 electricity:

German 1-year forward: €725 per MWh
French 1-year forward: €870 per MWh

The 2010-2020 average was around €41 per MWh

Russian energy weapon; French nuclear crisis; low wind production. Drought-hit hydro.

*

If it wasn’t for bad luck: Days after Russian state-owned energy Gazprom announced that it was temporarily halting its main natural gas pipeline to Europe (Nord Stream 1), another gas pipeline — this time the one that brings gas from the former Soviet republic of Kazakhstan via Russia — has gone out of operation “due to damage.”

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