Category: New Governor

The Libranos: Gravy Train

Via Blacklocks (paywalled);

Last July 2025 the Alto regional highspeed rail corporation hired [ Finance Minister François-Philippe Champagne’s] wife as a vice-president. Salary for the role is not publicized but is anywhere between $300-$600k yearly.

Alto managers subsequently obtained concessions on funding and expropriation powers in a High Speed Rail Network Act written into Champagne’s 2025 omnibus budget bill C-15.

The Conflict Of Interest Act states no cabinet member shall use inside information to further the private interests of “relatives or friends,” or “participate in making a decision related to the exercise of an official power, duty or function if the public office holder knows or reasonably should know that, in the making of a decision, he or she would be in a conflict of interest.”

Champagne has maintained he recused himself from all cabinet discussions, votes and other matters relating to Alto.

Critics challenged the claim. “That is simply not true,” said MP Cooper. “You voted at least 13 times on matters related to Alto.” 134 Alto staff received bonuses that totalled $2,758,968.

“Executives at Alto received bonuses,” MP Hardy said. “I am asking whether or not your wife is an Alto executive. That’s the question, because if Canadians know that’s the case, they know your household will benefit.”

“Is your wife an executive at Alto?” asked MP Hardy.

“These are allegations,” replied Champagne.

Small World: How an Alto Executive helped write Champagne’s budget speech.

Art Of The Fail

Reuters;

Canadian Prime Minister Mark Carney has captured global attention by championing the idea of an alliance of mid-level economic powers that would operate beyond President Donald Trump’s increasingly protectionist United States.

Yet Carney’s push to lessen dependence on the U.S. is colliding with a stubborn reality: access to American markets remains a crucial part of Canada’s appeal to prospective trading partners, according to interviews with a dozen government officials and business leaders.

Since winning election in April 2025, Carney’s team has led four trade missions, including two to Asia, seeking foreign investment in mining, engineering and infrastructure projects. A fifth, the largest so far, is headed ​to Japan later this month.

But Canadian officials acknowledge that the main draw for many potential trading partners is the prospect of gaining tariff-free access to the world’s largest market through Canada’s participation in ‌the U.S.-Mexico-Canada trade ‌agreement.

Carney regularly touts Canada’s preferential access to the U.S. market, noting that more than 85% of bilateral trade remains tariff-free.

“That (USMCA deal) has been kind ​of a baseline of our investment attraction message,” said a top Canadian government official who requested anonymity to speak frankly.

ICYMI: “I’m not looking to renew it (USMCA).”

Circling The Drain

The problem with the technical recession label is that it obscures the fact that Canada has already been in an effective recession for about ten years.

Whether or not Canada’s quarterly GDP grew or shrank fractionally over the past six months is of trivial importance compared with the inarguable fact that per capita growth has stalled since 2015. Our economy has not just had a bad couple of quarters, it has faltered for a decade, mostly because of persistently weak business investment.

Memorandum Of Understanding

Not a bug, but a feature.

Cenovus Energy CEO Jon ​McKenzie said Tuesday ‌Alberta’s proposed 1 million barrel-per-day pipeline to ​British Columbia’s ​Pacific coast cannot be ⁠financed by the ​private sector under ​Canada’s current regulatory regime.

McKenzie, who heads one of ​Canada’s largest ​oil sands companies, said at ‌the ⁠Global Energy Show in Calgary that the country’s industrial ​carbon ​pricing ⁠system makes Canadian oil uncompetitive ​and inhibits ​the ⁠production growth required to fill the ⁠proposed ​pipeline.

Cold Canuck Hands

Juno News;

The federal government’s sweeping grab has hit a massive legal detour. In a surprise policy pivot, Ottawa has extended the amnesty deadline for owners of now-banned firearms.

The mandate, which was originally fixed to expire on October 30, will now remain active until exactly 90 days after the Supreme Court of Canada rules on the legality of the ban itself.

For tens of thousands of gun owners across the country unwilling to comply, the decision temporarily pauses the looming threat of criminal prosecution.

Remain unwilling.

The Government They Voted For

Globe & Mail, June 1st: As Canada faces crippling debt, it must do the unpopular thing and cut elderly benefits…

Blacklocks, June 9th.;

Parliament spends more than $14 billion a year on Old Age Security for pensioners with household incomes over $60,000, records show. A federally-funded research group has petitioned cabinet to tighten income testing for seniors: “It’s appropriate to ask retirees with six-figure incomes to accept fewer taxpayer dollars.”

Are you feeling softened yet?

New Massa, Same As The Old Massa

National Post;

Prime Minister Mark Carney said the Trump administration’s latest threat of tariffs following an investigation into forced labour supply chains is “not a surprise” and that Canada supports the overall objective of ending the practice of forced labour.

Speaking on Wednesday, Carney also hinted his government will soon be proposing more stringent measures to better halt the importation of these slave-made goods into Canada.

“Canada has a very strong legislative regime against forced labour in supply chains,” he said. “We don’t want any element of forced labour coming in goods and services, and we want to use our influence to eliminate this practice of forced labour and child labour.”

See also: Mark Carney, while he was at Brookfield, was fined for slave labour conditions on a soybean farm in Brazil.

Government Knows Best!

As everyone knows, startup tech firms cannot possibly go broke, right?

Prime Minister Mark Carney’s government released a plan on Thursday to promote AI adoption across sectors and government,….The plan earmarks billions of dollars to increase adoption, commercialization and sovereign computing capacity, including a C$500 million ($360 million) Canadian Tech Growth Fund to provide “flexible growth capital and investment support” for startups.

New Governor, Same As The Old Governor

Well said, (in response to this imbecile).

This is the usual fairy tale: “He just demands excellence.”

No. That is the campus-club version of the story.

The real issue is that Canadians were sold “competence” while the ideology was kept in the basement like a leaky water heater. Nobody voted for a PM because they had carefully read Values and said, “Yes, please, give me more top-down managerial climate-finance social engineering.” Most voters just heard “central banker” and assumed adult supervision had finally entered the building.

But Carney’s worldview was never hidden from anyone willing to look. His book is not a resume. It is a manifesto. Even friendly summaries describe it as an argument for major structural change, built around sustainability, fairness, solidarity, and reshaping markets around political values.

And let’s stop pretending he arrived yesterday with clean hands and a hard hat. He formally joined the Liberals as a special economic adviser in 2024, after years of being treated as the party’s economic brain trust since 2020. The country did not slide into weak productivity, unaffordable housing, stagnant living standards, and investment flight because nobody smart was nearby. The smart people were very nearby. That is the problem.

Running a “tight ship” is not impressive when the ship is pointed at the rocks. A strong captain with a bad map is not leadership. It is just confidence with better tailoring.

Carney is not demanding excellence. He is demanding compliance with an ideology most Canadians never knowingly endorsed. That is not courage. That is technocratic bait-and-switch with a nice suit.

Lipstick On The Pig

Inquiring minds want to know: what’s in it for court water carriers who engage in mindless cheerleading for the government of the day? It’s like the scene in The Holy Grail where the armless knight declares, “‘Tis but a scratch!”

Luckily, economists say there is more to a recession than just two quarters of negative growth — namely the 3 Ds — depth, duration and dispersion.

This decline is not even close on depth — amounting to just 0.6 per cent annualized over the two quarters, “barely a scratch in GDP terms,” said Robert Kavcic, senior economist at BMO Capital Markets in a note.

Oh, that explains it!

Canadian Prime ‌Minister Mark ‌Carney, pressed about statistics ​showing the country is in a technical ‌recession, on ⁠Tuesday told reporters that ⁠as the government pressed ​ahead with ​reforms “the ​data will ‌be uneven”.

Today In Canada’s Vote Rich Rapey-Beheader Community

Montreal Gazette;

The chief of cardiac surgery at the Jewish General Hospital has tendered his resignation and plans to move to Atlanta in September, citing rising antisemitism in Montreal and worsening problems with the province’s health-care system, The Gazette can reveal.

Dr. Emmanuel Moss, who has worked at the Jewish General for the past 10 years, has already informed his patients and his synagogue of his imminent move to the United States. Moss’s departure from Montreal marks the second high-profile Montreal Jew — after Concordia University professor Gad Saad — to decide this spring to quit the city amid a sharp increase in documented antisemitic incidents in the past three years.

During a May 12 appearance on the Joe Rogan Experience podcast, Saad announced he accepted a post at the University of Mississippi, where he had already worked as a scholar during a two-year leave of absence from Concordia. He spoke of death threats he received while at Concordia, saying, “I’m now leaving in large part because it became difficult for me, if not impossible, to be a high-profile Jewish professor who supports the right of Israel to exist.” […]

Reached by phone, Moss declined to give an interview or to explain his reasons for leaving Montreal. But sources close to Moss confirmed that he and his family had grown disillusioned with growing antisemitism in Montreal and what they viewed as a failure by authorities to crack down on incidents of Jew hatred — from physical assaults on Jews to vandalism of Jewish-owned businesses and the firebombing of synagogue entrances, as well as the firing of bullets at a yeshiva.

More.

Gradually, Then Suddenly

Indeed. Who’s laughing now, Brantford Boomer?

The old white people aren’t MAIDing away as quickly as they’d hoped for;

The Carney government regularly describes its fiscal approach as “ambitious” and “transformational,” but in reality it’s simply perpetuating a fiscal decline that’s plunging Canada deeper into red ink. To truly transform federal finances, the Carney government must reduce spending, even in areas that are politically unpopular. And to truly be ambitious, it should start by reducing elderly benefits – Ottawa’s largest single spending item.

First, some context. The Carney government plans to run annual budget deficits ranging from $66.9-billion in 2025-26 to $53.2-billion in 2030-31. Cumulatively, this six-year period in the red represents $362.4-billion in borrowing. Over that same period, Ottawa’s total debt will rise from a projected $2.3-trillion, or 72 per cent of the economy, to more than $3-trillion, or 78 per cent of the economy.
Open this photo in gallery:

According to the Carney government’s spring economic update, elderly benefits will grow faster than any other single spending item in the budget, except debt interest costs.

I just threw that graphic in there. For context.

An “as I was saying” update: A new academic study is calculating how much money the government could save by dramatically expanding euthanasia .. including “non-voluntary” scenarios for vulnerable people.

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