CBC Site Of course the Ottawa resident isn’t going to leave Stornoway and move to his suburban McMansion. Unemployable as he is, finding a mover who’ll take “I’m sure to win the next election!” as a guarantee of payment is, ummmm, sketchier than most movers will accept.
You need to stop suckling at the teat of MAGA oligarch owned corporate propaganda media. Pierre Polievre ran a campaign of grievance and, “I’m not Justin Trudeau.” Other than, “Neither am I” Carney had an actual platform with actual plans. Pierre Polievre had nothing. That’s is why he lost.
Piss off with that MAGA red herring nonsense, you ate up the kool-aid around Trump, but Canada has had negative per capita GDP growth since Trudeau was elected. The Liberals have shit the bed on every metric, and Carney is essentially running with the same plan and the same cabinet.
Reading his book its quite clear what he thinks of energy production, whereas Canada is a petro state, in 2016 when oil fell our stock market fell 20%. We have had terrible performance and terrible wage gains. Carney also wants to replace the carbon tax with carbon border adjustments, tariffs on foreign emitters, which is closer to Trumps plan.
The only recent reprieve in our economy since the Liberals were elected was when we inflated GDP using mass immigration to depress salaries, as the BoC was buying all the Covid stimulus, and they forced unions back to work. We essentially debased our standard of living to raise stock valuations, and were buying half of all issued mortgage bonds to inflate real estate valuations, prior to that Canada has had abysmal performance and our alarm level productivity investment and capital swallowing is clear.
Talk about drinking the Kool-Aid.
MAGA?
https://youtu.be/R59JmC0u63I
Here is the verifiable the truth.
We have a AAA credit rating.
The AAA credit rating includes our ability to liquidate our pension, which is not ever happening. Read the last economic statement by Freeland and it has a footnote.
Debt to GDP excludes provincial debt, which is just a technicality versus how other countries calculate it. Combined we are near 100%.
Inflation is somewhat reduced due to how we calculate it, and the fact we bought 50% of all mortgage bonds federally to depress shelter inflation.
How old was the OECD estimate, given 80% of exports are bound to the US it seems ridiculous, and they’ve recently brought it down as well to a third%: https://www.ainvest.com/news/oecd-cuts-canada-s-2025-and-2026-growth-forecasts-to-0-7-from-2-250310000435138d2a871176/
The recession was avoided due to mass immigration. Per capita we lost to inflation since Trudeau took over.
Inflation in Canada is 2%. Inflation in the US is 4%. Inflation in most of the world is higher than in Canada.
Canada is in better shape that most of the rest of the world. If Polievre had had anything other than, “I’m going to fix everything but can’t tell you how and I’m not Justin Trudeau” he might have had a chance against Carney. If he didn’t spew MAGA bullshit and grievance he might have had a chance against Carney. Canada isn’t going to fall apart no matter how much the maple MAGA crowd want to believe that it will.
We did mass immigration to lower wage pressure and inflation as we bought half of all mortgage bonds to depress shelter inflation and encourage Canadians to take on full recourse loans to for-profit banks. The liberals are the sum of the worst parts of Cons and NDP, offering massive spending coupled with low taxes, on the worst impulse of voters who live in a fantasy where you can have both.
https://www.bankofcanada.ca/wp-content/uploads/2019/01/swp2019-6.pdf
This outlines how QE causes wealth inequality in the short term, as asset prices rise. In the long term unemployment falls, and wages rise from greater wage pressure. So according to this study the created wage pressure reverses the wealth inequality caused by QE.
My question is why we did 4% population growth via immigration and why we allowed students to work 40 hours a week to forcefully decrease wage pressure, reversing the labor shortage, entrenching the short term inequality. It seems hard to believe a progressive would do such a thing, as it appears to have greatly exacerbated wealth inequality.
It’s cute that you think that electing someone who would cut taxes on the rich, cut benefits for the poor (anyone who doesn’t use a million dollar yacht as a tender for their billion dollar yacht is poor), and run up over $100 billion of debt over the next four years then lose an election and blame the Liberals for the mess would be a better choice. If you think for one second that a Conservative jingoist would do anything for the working class you should move to the US and vote for Trump.
Well if he can do better economically I think Canadian wages and productivity would rise. Look at the stock market since before the Covid stimulus, you didn’t go up in 6 years, then Caroline Rogers saying its an emergency and that there is a dearth of investment.
We covered up wages and productivity with population growth and capital shallowing. Now we can’t even release a budget, what does that say to investors?