The sure sign of a prosperous G7 nation… Anti-theft tags on pork chops.
Today In Misleading Headlines
Globe and Mail- Carney scraps Trudeau’s antisemitism and Islamophobia envoys
Prime Minister Mark Carney is scrapping the roles of antisemitism and Islamophobia envoys, appointed by Justin Trudeau, and is creating an Advisory Council on Rights, Equality and Inclusion to combat hate instead.
Francisco- Sounds more like he’s expanding it.
Doctors And Engineers
Three men arrested after what police alleged was an extortion-related shooting in Surrey over the weekend have been charged, and authorities have released their photos in an attempt to further the investigation.
All three are foreign nationals and have been reported to Canada Border Services Agency, according to the Surrey Police Service—which deferred any inquiries about the trio’s immigration status to federal officials.
Twenty-one-year-old Harjot Singh, 19-year-old Taranveer Singh, and 21-year-old Dayajeet Singh Billing have each been charged with one count of discharging a firearm into a place, a Monday statement from police said.
Gradually, Then Suddenly
🚨 This sounds eerily like what Greece did during its debt crisis: forcing pension funds & banks to bail out national priorities, leading to massive losses for retirees.
Thoughts? pic.twitter.com/1CILl2nxnm
— Barbara Bal MBA (@BarbaraBalCPC) February 3, 2026
Race to the bottom: Glencore said on Tuesday it has suspended nearly $1 billion of planned investments at Horne Smelter, Canada’s largest copper metal-producing operation, after failing to secure regulatory certainty from the provincial government of Quebec.
The Libranos: The Party Of Comfy Fur
Marty Up North: The rumour is now official. MP Bill Blair has been appointed as High Commissioner for Canada in the UK. Carney is getting rid of all his liabilities, and getting ready for a snap election.
I suppose the spot in Beijing was already filled.
Your Moral And Intellectual Superiors
CPAC has scrubbed this.
Canadian media members caught on camera admitting they are purposely going easy on Mark Carney to help keep the Liberals in power
CPAC tried scrubbing this segment from the internet
Here are the receipts pic.twitter.com/FfjXfysnJB
— The Pleb 🌍 Reporter (@truckdriverpleb) February 2, 2026
@grok – The two media spokespeople in the video are Reynolds Mastin, President and CEO of the Canadian Media Producers Association, and Kyle Irving, Chair of the CMPA Board. They addressed Prime Minister Mark Carney at the Prime Time conference on January 29, 2026.
Muslim Values are Canadian Values
You sure about that?
New York Times- The Secret Sauce in ‘Heated Rivalry’? Canada.
“A fundamental Canadian value is that people should be able to be whoever they want to be, to love whoever they want to love,” Mr. Carney said to roaring applause.
That Sinking Feeling
My advice to the Conservative Party of Canada: just be patient. Your time in the sun may be coming.
Statistics Canada says the economy stalled in November and early estimates suggest a decline in real gross domestic product for the final quarter of 2025.
November saw manufacturing of durable goods hit its lowest levels since 2011, outside the COVID-19 pandemic.
Update: Even the mainstream financial media is noticing that something is not right.
Canada’s main stock index fell 1,092.61 points or 3.3 per cent on Friday.
Cold Canuck Hands
GUN GRAB COLLAPSES: Cops Tell Ottawa "We're NOT Coming For You!"
The Liberal government's long-promised “gun buyback” program is underway, only to crash headfirst into a rare scenario where a majority of Canadian provinces and police services are committing to ignore or refuse… pic.twitter.com/rj5KQUIjsl
— Dan Dicks (@DanDicksPFT) January 28, 2026
Thank You For Your Attention To This Matter
Unity In Disunity
The cheery facade belies the deep divide that actually exists within “Team Canada”.
Eby said later that Alberta has yet to identify sites where a pipeline would exit, it has not yet identified a proponent who would fund it, nor engaged with coastal First Nations.
Manitoba Premier Wab Kinew has also protested Ford’s plans to pull Crown Royal whisky from government-run liquor store shelves. The product is made in Gimli, Man.
Ford said he understands Kinew is “doing what any other premier would do, try to protect his jobs,” while Ontario is doing the same.
Let Them Eat Word Salad
@hollyanndoan – Federal managers in past 2 years billed taxpayers $262,609 for coaching on how to answer MPs’ questions at parliamentary committees.
The Libranos: Fertile Soil
Money, grown on trees: Cabinet’s failed Two Billion Trees Program cost nearly a half billion dollars before it was wrapped up last November 4, documents show. The program fell 89 percent short of its tree planting target.
Then delivered in paper bags. Count on it.
That Sinking Feeling
If Carney’s polling numbers hold up, a spring election is a distinct possibility, and a Liberal majority would be the likely outcome. The reason is simple enough: once again, NDP and Bloc voters are stampeding to the Liberals. Inevitably, some will suggest that the Tories reinvent themselves to appeal to the left, but a string of electoral defeats with Red Tories at the helm points to the futility of that gambit. If that’s the best conservatives could do, why have a conservative party at all?
From coast to coast, Léger finds Mark Carney’s Liberals at 47% support among decided voters, up four points since Léger’s previous poll back in December. And this newfound support for the Liberals does not come at the expense of the Conservatives, who sit at 38%, themselves up two points.
Our Chinese-Installed Government In Ottawa
Ok, then.
On this International Holocaust Remembrance Day, let us pledge that “never again” means “never again”, even when Israel is the perpetrator #Gaza https://t.co/32ROC0uyDW
— Yuen Pau Woo (@yuenpauwoo) January 27, 2026
Canada Unthrives
Treasury Secretary Scott Bessent, speaking to Fox News tonight, says Trump and Carney spoke today and claims Carney was “very aggressively walking back some of the unfortunate remarks he made at Davos.” pic.twitter.com/LjnurWXIWM
— Josh Wingrove (@josh_wingrove) January 27, 2026
Canada Thrives
If you have to ask the price, you can’t afford it.
Probably unrelated: Y Combinator, the US startup incubator behind companies like DoorDash Inc., Airbnb Inc. and Coinbase Global Inc., has removed Canada from a list of countries where it will invest.
Our Chinese-Installed Governor In Ottawa
The weekend delivered a jolt from Beijing that underscores a theme Chris Meyer and I have explored across multiple podcast discussions: Xi Jinping’s regime can look strong yet be brittle.
China’s Defence Ministry says it has opened investigations into senior military figures including Gen. Zhang Youxia, a vice chairman of the Central Military Commission—an escalation that is shaking the top ranks of the People’s Liberation Army and fuelling fresh questions, inside and outside China, about whether this is an anti-corruption purge, a political power struggle, or both. […]
Chris and I also discuss the obvious: Prime Minister Mark Carney’s new strategic engagement with Beijing, already questionable to many critics of China’s hybrid warfare efforts in the West and especially targeting Canada, now looks increasingly dubious as questions hover over the stability of Xi’s regime.
More: China just took over a Canadian gold mining company in a $5.5 BILLION deal.
Just Lower The Taxes
Make it permanent. It’s not that complicated.
Financial Post- Carney Boosts Sales Tax Credit as Affordability Pressures Rise
The Food Professor- Why Ottawa Keeps Treating Food Inflation Like a PR Problem
We are back in a political comfort zone perfected in the Trudeau era—heavy on slogans, light on structural reform.
Is This Elevator Going Down?
I’m not so sure that central banks have much of a choice when it comes to cutting interest rates, given the dynamics of fiat currencies with an exponentially growing debt load, but the fact that the mainstream financial media is even publishing Pelletier’s analysis is, in itself, a warning sign.
The issue now is that central banks appear close to implementing yet another round of QE, not to stabilize markets but simply to absorb the massive issuance of government debt. That’s where the real danger emerges: currency debasement. When a central bank prints money to finance deficits, the purchasing power of that currency erodes rapidly.
Now is an ideal time to revisit your portfolio. Start by examining your government bond exposure, especially in jurisdictions such as Canada, where the federal government holds no gold reserves and where 10‑year yields near three per cent offer little compensation for the level of risk.

