Category: The Libranos

Master Of Our Destiny

“Masters of our destiny. That’s the key … This is a budget that reflects the priorities of Canadians: affordability, growth and sovereignty, taking control, which is why I focused on what’s happening here in Canada, what we’re doing for ourselves, the partnerships we’re striking abroad and how we’re taking care of each other. – Mark Carney

It’s going to kick in any day now.

Our Amazing Diversities

Just can’t wait to get more.

In Project Pink Panther, investigators arrested nine people — six in Winnipeg (including a father-and-son pair) and three in Ontario. The group is accused of moving cocaine, methamphetamine, ketamine, and prescription opioids into Manitoba from Ontario, British Columbia, and Alberta using vehicles, couriers, mail, and commercial flights.

Winnipeg Arrests:
Devinder Singh, 57
Tarundev Singh, 32 (son of Devinder)
Amandeep Singh, 47
Mandeep Singh Dutta, 37
Karanvir Singh, 24
Maganpreet Boparai, 25

Toronto Arrests:
Tarnvir Sandhu, 37
Karan Joshi, 34
Manjinder Singh Sagoo, 43

The Libranos: “Full force of the law”

This ought to tickle your funny bone.

On Tuesday, Industry Minister Melanie Joly expressed disappointment in Stellantis and Prime Minister Mark Carney called the sale a “betrayal.”

“The situation in Stellantis, in the Brampton plant, is unacceptable. It violates the obligations that Stellantis has under several agreements,” Carney said. “It’s a betrayal of the workers, as it is a betrayal of the obligations to Canada and, by extension, to all Canadians.”

Despite the public dismay conveyed by Carney and Joly on Tuesday, sources said the federal government had been engaging directly with both companies, knew the terms of the proposed sale and did not stand in the way of it.

Two of the sources said there were more than a dozen meetings between the government and the companies in the last several months. One of the sources said the government was initially opposed to the sale when discussions began.

Given the scope and nature of the government’s private involvement, the three sources were surprised at the federal government’s reaction following the announcement of the sale.

At Northern Perspective: Carney and Joly’s Fake Outrage Exposed As Evidence Shows They Participated In Brampton Sale Talks

“There’s been nothing for us”

On this Remembrance Day special episode of Ratio’d, Harrison Faulkner speaks with two Canadian veterans of the Afghanistan War and the Global War on Terror.

Afghan War veterans call out the federal government over post-war treatment by Candice Malcolm

Two Canadian veterans of the Afghanistan War join Harrison Faulkner to share their experiences on the battlefield and their fight to secure the support they were promised after returning home.

Read on Substack

Written Off

There’s an episode of Seinfeld where Kramer tries to explain to Jerry how big companies “just write off” expenses they can’t recoup. It seems that Canada is now run by Cosmo Kramer. I’m sure the losses were worth every penny when it comes to keeping Grandma safe though.

But when the government expects not to be paid back, it writes off the debt and strikes it from its ledgers.

Audits of the government’s consolidated financial statements for the last fiscal year show Ottawa wrote off $4.5 billion tied to COVID-19 benefits — up sharply from $26 million the previous year.

Unexpectedly

Have some juxtapose with your morning coffee.

New York Times;

Hiring was unexpectedly strong in October, when employers added workers at a vigorous pace.

Employers added 165,000 jobs last month, the Bureau of Labor Statistics reported Friday, and the unemployment rate dropped to 4.1 percent.

@Coffee__Capital

🇨🇦 Canada shed -4.7K jobs in October, with a massive decline in the private sector (down ~52K, first drop since February). The public sector gained ~49K. Unemployment edged up to 6.7% (from 6.5%). Forecasts were calling for a gain of +15K, so this is a disappointment. Long-term joblessness (i.e. looking for work 27 weeks or more) is now up to 23.7% (from 21.5% a year ago). Average hourly wages were +2% from a year ago, down from 2.3%. Overall a weak report on the labor market in Canada.

More.

What Did Canadians Drive Before Horses?

Automobiles.

The largest investment by Quebec taxpayers in the battery sector is at risk. Nemaska Lithium, a project that received 1.2 billion dollars in public funds, is likely to lack funding to continue the construction of its Bécancour plant.

According to information obtained by our Bureau of Investigation, workers have left the construction site in the Trois-Rivières region in the last few days.

“We are starting to close construction activities and demobilize contractors,” says a source familiar with the matter. […]

The largest shareholder of Nemaska Lithium is the Australian-British company Rio Tinto, which owns more than 53.9% of the project.

Behind the scenes, Rio Tinto recently raised doubts about its ability to continue to finance the construction of the plant in 2027 and 2028.

“There is still 12 months of work and $500 million to be injected into the construction for the plant to be completed,” says one informant.

Another win for our strategic partner.

Coudes Vers Le Bas!*

If your nation’s alleged goal is to somehow “show those Americans who’s boss”, news like this probably won’t do much for your credibility. In any case, someone should let Blubber Dougie know before he opens his trap again.

Hydro-Québec has released a report suggesting it may need to import electricity from neighbouring provinces or the United States within the next three years.

The utility expects this demand could cause it to face energy deficits as early as 2029.

*Elbows Down!

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