“There are many angles to critique the new Canada Strong Fund”
Anyone notice the government’s answer to every problem is to throw money at it?
"Politicians have learned to call their spending of the taxpayers' money ‘investment,’ even when it is just pouring money down a bottomless pit, in order to win votes from the recipients"
Its a pattern liberals have.. when they dont want or know how to fix a problem. They throw money at it..as you say... sad!!!! Solves nothing...but shows how ineffective they are when making $218,000 for most mps now. Yikes.
Carney gets enough of my tax money which is what should be going to developing projects in Canada instead of being sent out of country for his various pet projects. He will not see a dime further. I don’t trust him.
Isn't the standard advice from any financial advisor to first get your spending under control and reduce your debt load before all else?
Adjustments on the pleasures of life should be the first order of business for this illegitimate majority government, like what many Canadians are doing now. Substituting annual vacations abroad for stay-cations and making hard decisions about where else to cut are "must-do" items - as in, must do now.
With the Prime Minister and his predecessor both having a love for foreign travel, hard for them to lead by example on the first - except, of course, when it's time for a little surfing action at Tofino on the National Day for Truth and Reconciliation. As for the other, perhaps the PM could recall Chrystia Freeland from her "unpaid" duties in as an Economic Advisor in Ukraine. She has vast experiences in that area, having once recalled a difficult conversation with her kids about their pricey Disney+ subscription they had grown to love.
Given Ottawa's fiscal track record and extensive history of rewarding close Laurentian friends, this Sovereign Wealth Fund and its initial $25B federal endowment (that must be Ottawa's Orwellian version of doublespeak for more borrowing) should be concerning to those of us who exercise discipline in managing our affairs...
"Isn't the standard advice from any financial advisor to first get your spending under control and reduce your debt load before all else?" Well, yes, but Rene, that will NEVER happen with this government.
And some people wonder why I will vote for separation in the fall.
The negatve intrusive thought going through my mind is that Carney and his negotiating crew are going to negotiate 'Canadian' energy. That would be Alberta energy as their bargaining chip. When they fail in their negotiations, the federal government will once again have destroyed our industry, Alberta jobs and the future of Alberta.
Well, they can try but I think that this time they will find that our provincial politicians are rather different and will stand up for us and enforce the allocation of powers in the Constitution. On the other hand, the found-ins in Ottawa just might do such a thing and prove to we Alberta separatists just how accurate are our fears.
Want a Sovereign Wealth Fund? And you're paying for it by borrowing and stealing from our pensions. Tell ya what Carnage, stop wasting our taxpayers cash on stupid leftist BS, scrap all the carbon crap and stop handing over our money to Ukraine and other grifter money launderers then you won't need to find idiot ways to steal our futures.. Better yet, Carnage. Resign!!!
Cbc speaks to canadians..agree.. i pick and choose what and who i listen to anyways.
We have no money coming in .. no resources to sell. So how will this work true.
Im getting weary of the liberal mysteries. And the attitude of . were ahead in the polls. That might be true, but those supporting them have $ and could care less about others....jmo
Can it get any worse? We pay them and conservatives $218,000 each. Money in ,money out..
Brian the Sovereign Wealth Funds might be a good idea for a few local investors to invest in smaller Provincial projects. But to move ahead with Mines, Pipelines, Sea Ports, etc., you need large pools of capital. Only available in Canada through its Banks.
Years ago (1958) when Trans Canada Pipelines (now TC Energy) needed the financial backing to build it’s initial 14,000 km pipeline to eastern Canada it managed to acquire bank loans, guarantied by the Federal Government.
No selling more bonds to raise the debt, or draining scarce capital from domestic needs.
It allows him to funnel money to Brookfield backed entities. It should have been funded by the public for those that wish to participate NOT government. Perhaps a tax benefit could be added to get the ball rolling. Would be run for a fee by non government people like Investment Counsellors
The Liberal Government of Canada is very good of staying on message, no matter what reality is saying, so far it is working in getting Canadians to buy into it - unfortunately
What an absolute bloody disgrace!!
I think the 25 Billion could build a few hospitals etc
Or Pipelines and On and On !!
It should never have been borrowed in the first place!
“There are many angles to critique the new Canada Strong Fund”
Anyone notice the government’s answer to every problem is to throw money at it?
"Politicians have learned to call their spending of the taxpayers' money ‘investment,’ even when it is just pouring money down a bottomless pit, in order to win votes from the recipients"
Thomas Sowell
You missed a few words .. is to throw "tax payers' " money at it
Its a pattern liberals have.. when they dont want or know how to fix a problem. They throw money at it..as you say... sad!!!! Solves nothing...but shows how ineffective they are when making $218,000 for most mps now. Yikes.
Carney wants Canada to
Be part of EU that’s why he doesn’t want deals with USA he is sabotaging our relationship so he can get his own agenda across
Carney gets enough of my tax money which is what should be going to developing projects in Canada instead of being sent out of country for his various pet projects. He will not see a dime further. I don’t trust him.
Isn't the standard advice from any financial advisor to first get your spending under control and reduce your debt load before all else?
Adjustments on the pleasures of life should be the first order of business for this illegitimate majority government, like what many Canadians are doing now. Substituting annual vacations abroad for stay-cations and making hard decisions about where else to cut are "must-do" items - as in, must do now.
With the Prime Minister and his predecessor both having a love for foreign travel, hard for them to lead by example on the first - except, of course, when it's time for a little surfing action at Tofino on the National Day for Truth and Reconciliation. As for the other, perhaps the PM could recall Chrystia Freeland from her "unpaid" duties in as an Economic Advisor in Ukraine. She has vast experiences in that area, having once recalled a difficult conversation with her kids about their pricey Disney+ subscription they had grown to love.
Given Ottawa's fiscal track record and extensive history of rewarding close Laurentian friends, this Sovereign Wealth Fund and its initial $25B federal endowment (that must be Ottawa's Orwellian version of doublespeak for more borrowing) should be concerning to those of us who exercise discipline in managing our affairs...
"Isn't the standard advice from any financial advisor to first get your spending under control and reduce your debt load before all else?" Well, yes, but Rene, that will NEVER happen with this government.
And some people wonder why I will vote for separation in the fall.
I hear you, loud and clear. And I think so too shall those in Ottawa whose heads are buried in the Laurentian sand...
Actually, Rene, I don't think that the found-ins in Ottawa really pay attention to pretty much anything that comes out of Alberta.
The negatve intrusive thought going through my mind is that Carney and his negotiating crew are going to negotiate 'Canadian' energy. That would be Alberta energy as their bargaining chip. When they fail in their negotiations, the federal government will once again have destroyed our industry, Alberta jobs and the future of Alberta.
Smith isn't even at the bargaining table.
Well, they can try but I think that this time they will find that our provincial politicians are rather different and will stand up for us and enforce the allocation of powers in the Constitution. On the other hand, the found-ins in Ottawa just might do such a thing and prove to we Alberta separatists just how accurate are our fears.
It will be interesting to see if the Sovereign Debt fund is used for green projects. The choice of CEO may be telling indeed.
They should call it a sovereign default fund since this is the road Mr Carney has chosen for Canada.
Want a Sovereign Wealth Fund? And you're paying for it by borrowing and stealing from our pensions. Tell ya what Carnage, stop wasting our taxpayers cash on stupid leftist BS, scrap all the carbon crap and stop handing over our money to Ukraine and other grifter money launderers then you won't need to find idiot ways to steal our futures.. Better yet, Carnage. Resign!!!
Cbc speaks to canadians..agree.. i pick and choose what and who i listen to anyways.
We have no money coming in .. no resources to sell. So how will this work true.
Im getting weary of the liberal mysteries. And the attitude of . were ahead in the polls. That might be true, but those supporting them have $ and could care less about others....jmo
Can it get any worse? We pay them and conservatives $218,000 each. Money in ,money out..
Why would they decide it was a good idea to to use other security services.. who are thry.. ?
This is dreadful for the vetrans. Have they not sacrificed enough. J will be contacting my liberal mp on this.. disgraceful move.
No respect. !!!!
Brian the Sovereign Wealth Funds might be a good idea for a few local investors to invest in smaller Provincial projects. But to move ahead with Mines, Pipelines, Sea Ports, etc., you need large pools of capital. Only available in Canada through its Banks.
Years ago (1958) when Trans Canada Pipelines (now TC Energy) needed the financial backing to build it’s initial 14,000 km pipeline to eastern Canada it managed to acquire bank loans, guarantied by the Federal Government.
No selling more bonds to raise the debt, or draining scarce capital from domestic needs.
Well, as long as your project is Liberal connected.
It allows him to funnel money to Brookfield backed entities. It should have been funded by the public for those that wish to participate NOT government. Perhaps a tax benefit could be added to get the ball rolling. Would be run for a fee by non government people like Investment Counsellors
Ok well despite this dog flop, what has Poilievre said about this?
The Liberal Government of Canada is very good of staying on message, no matter what reality is saying, so far it is working in getting Canadians to buy into it - unfortunately