44 Comments
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Lord Chancellor's avatar

“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

David's avatar

You missed a few words .. is to throw "tax payers' " money at it

Verna Scott's avatar

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.

Scott Newell's avatar

What an absolute bloody disgrace!!

I think the 25 Billion could build a few hospitals etc

Or Pipelines and On and On !!

Susan Ashbrook's avatar

It should never have been borrowed in the first place!

shelley carrington's avatar

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

Eric Finlay's avatar

Judging by the shit show south of the border I'd say it's not a bad idea.

Rene Wells's avatar

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...

Ken Schultz's avatar

"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.

Carole Saville's avatar

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.

Ken Schultz's avatar

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.

Rene Wells's avatar

I hear you, loud and clear. And I think so too shall those in Ottawa whose heads are buried in the Laurentian sand...

Ken Schultz's avatar

Actually, Rene, I don't think that the found-ins in Ottawa really pay attention to pretty much anything that comes out of Alberta.

Ian Gullion's avatar

Right behind you 100%!

Merla Parker's avatar

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.

Peter at Home's avatar

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!!!

Mike Blew's avatar

You are 100% correct and it would be nice if Brian Lilley actually addressed this.

Dennis Pearce's avatar

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.

Ken Schultz's avatar

Well, as long as your project is Liberal connected.

Verna Scott's avatar

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..

Verna Scott's avatar

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. !!!!

Verna Scott's avatar

Looked up their office fir my area.. closed temporarily.. maybe call

Tomas's avatar

They should call it a sovereign default fund since this is the road Mr Carney has chosen for Canada.

BRUCE MITCHELL's avatar

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

Bill's avatar

Details are critical. I believe this is another ploy to access C.P.P. pooled funds. The fastest easy way to fix our problems is to privatise every government union entity there is. Health care, schools, all of it. Tax credits would apply for access to services. Start along those lines.......

Peter Floyd's avatar

It will be interesting to see if the Sovereign Debt fund is used for green projects. The choice of CEO may be telling indeed.

julia's avatar

Brian, the story about Gardworld and the Commissionaires is the story. Inserting Trump, and Alligator Alley, repeatedly into this story, simply fans the narrative that so many Canadians already have that Trump is their major problem. If your reporting on this story is accurate and thorough, what did Trump, or Ice have to do with the Canadian govt ending a long-standing program for Vets? I'm really disappointed in your slant here.

Mike Blew's avatar

He’s paid to keep the TDS going and pretends to be the voice of reason. It’s disgusting.

Verna Scott's avatar

More detailed article by Brian in thd sun today. It seems GuardWorld lobbied for this.

julia's avatar

Yes, i saw that....however, trump had nothing to do with it. And too many canadians think their world would be fabulous if only not for trump. Go look at the farcical interview kinew just did on ctv...canadians are seriously being brainwashed. I'm not here to defend trump. I am here to beg canadians to wake up to the enemies within, which used to be the job of the 4th estate.

Verna Scott's avatar

Its the ecomony Trump is being blsmed for and rightly so. His tarrifs too the auto industry for 1 because they could not make a profit.. so we sell metals to them but buy their finished products.. cits not going to happen. Auto ..just 1sector...are on unemoloyment.. and those retired. Who will psy into their pensions.. this is my example.

So cdns are justifyed in my opinion on some things. Carney, why cant he get a deal? Does he want one? It changes day by day..now its Gardaworld.. liberals lobbied for this change. Cheers

julia's avatar

You can feel justified all you like. But here is one big problem. Carney and your media have made it a point that canada is NOT going to negotiate with trump....so what is carney going to do? Let the whole economy fail? Is that what canadians want? And if he DOES turn around and make a deal with trump, who is going to be happy about that? All the canadians who don't want to deal with trump? How does carney suddenly say: oh...i got a deal for us? Canada is backed into a corner of their own making.

Verna Scott's avatar

Im not going to read your comment as its kind of insulting. im conservative this time. Justifyed? I'm be voting Pierre if no C69..us reversed. Lol

Sam's avatar

So borrowing at a higher interest rate to put in a lower savings rate is a good thing

Is Justin now marks economic advisor

Elbow to the skull take that Mr President

Mark J Wilson's avatar

What a disgrace this is! Will MSM mention this? Not likely so this move will go without consequence. A further insight into who our PM and government are and the emptiness of their words

Donald Ashman's avatar

Great work, Brian.

This is stellar Canadian journalism.

If it helps your readers/viewers/listeners, I have included the letter I am sending to Peter “Sgt. Schultz” Fragiskatos, who is my Liberal MP.

Your readers can use it as a template, if they are so inclined.

“Good Morning, MP Fragiskatos:

I hope this finds you well.

I am writing to express my outrage, disgust, and dissatisfaction at your Government’s decision to discontinue its relationship with the Canadian Corps of Commissionaires.

As you may know, the Commissionaires is a non-profit group that employs veterans of the Canadian Armed Forces and the RCMP.

The Commissionaires marked its 100th anniversary in 2025, which only heightens the insult of the decision of your Government.

I strongly implore you to reverse this egregious decision, in the fastest manner possible.

Sincerely,

Donald J. Ashman

519-777-9216”

DSNSAWC's avatar

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