I am so happy he was happy to be absolutely clear. Was that being clear? I am glad folks think he is good with math as English certainly is not the PM’s strong suit. God bless you Brian as you still give me hope for journalism.
Raise your standards Karen. Or are you suggesting a possible Nobel. Wouldn’t it be great if both he and the Putin fanboy won. Golly that would be great. Let’s pull out the banjos and hail the second instalment of Deliverance.
Paul my comment was made in sarcasm. If it’s my respect for Brian Lilley, I have enjoyed his work for decades. I am not certain where you think my standards are but if you’d like to chat over coffee, I love to listen and am willing to learn.
Can we even imagine that if we had someone like Trump ruling here in Canada WOW! We’d definitely be an amazingly wealthy country!! He is kicking ass down there! And their economy has been givin a quick starter by his hard work.. let me reiterate… by Trumps hard work ..(compare to Carney’s travelling clown show!) he is helping the USA to flourish after the pathetic dem years.
US social security and Medicaid will be unfunded in two more terms (roughly 2032) so hope all the old timers saved up for their own pension and health care.
Although it is a problem that has been known for many years, nothing has been done, not is anything being done - US debt continues to climb and it looks like the response will be more debt.
US debt-to-GDP will be 125% end of year and the US depends on foreign buyers of that debt, stable coin scams notwithstanding.
Our country is on the brink of bankruptcy according to the PBO and Carney is cavorting around with leftists who only have a hate on for Donald Trump! It’s absolutely disgusting. I also 100% stand with Israel.
My Nice neighbours elected Mark Carney to be Justin Trudeau - but this time competent. So what we are seeing is the Woke agenda, now burdening the country with much greater intensity.
The profoundly worrying part is that most of what they think is based almost entirely on wilfully chosen misinformation. And thus they won't care about government control of media as long as they get their Two Minute Hate against Trump and similar targets. I am sure government can see to that.
You are not alone in not knowing what to do, you have all of the Pollievre supporters right there with you. You know Pollievre the million dollar man who made his fortune while in elected office, refuses to get a security clearance and squatted at Stornaway at taxpayer expense.
The leader of the opposition always resides at Stornaway. Trudeau squatted at Harrington Lake for a decade spending something like 12 million without authorization of parliament to remodel it to his personal preference.
Carney is doing a lot of foolish things to antagonize President Trump. But there may be a method in his madness. As Canada’s economy continues to grow worse & our debt grows he will blame Trump once again.
That is Carneys whole strategy. The Liberals have come to realize that as long as they can keep the focus on Trump, use the “existential crisis” narrative they came up with, scare their voters into thinking that it’s a scary world and only they know how to deal with the bad actors out there, and make it seem like he is this incredible statesman who can regularly meet with leaders in the EU and Britain while making it look like he is getting deals left right and centre, - they will get re-elected. Thats all they care about - retaining power so they can push their agenda down our throats. Meanwhile they are personally enriching themselves at the expense of the taxpayer and there have been no significant trade deals made with anyone.The Liberals are deliberately not negotiating with Trump because they have figured out that if they do - the whole focus shifts away from Trump and tariffs to our domestic agenda at home - and that is a topic the Liberals would just as soon avoid - that’s why they were so far down in the polls at thus time last year before Trump became the issue.
Exactly. Just hope the “elbows up” crowd (I am in that senior age group but certainly did not vote Liberal) can see what is really going on cause they were fooled before.
I too am a senior Kat and all I can do is hope that somehow they see through the deception eventually. Part of the problem is that for a large swath of seniors who vote Liberal, they have failed to keep up with the times. They think this is the Center Left Liberal party of Jean Chrétien and Paul Martin - fiscally responsible individuals. They see the Conservatives as this slash and burn party, only interested in supporting business at the expense of taxpayers - a far right, anti- abortion agenda. Unfortunately that is not the reality today. Trudeau and Carney along with Guilbeault, Champagne and Gerald Butts have moved the Liberals over to the far left while Poilievre has become more of a populist Conservative and he has moved them into that centrist position the Liberals vacated. A good number of these voters just vote Liberal out of habit- not because of any belief in policy - they have no clue what their policy is.
Did you watch Trump’s UN speech? Are you familiar with Russian aggression against Ukraine? Are you watching what is going on in the States. Murders, assassinations, unlawful detainment. Quit watching so much Fox News and reading the Toronto Star rag.
What does Trumps speech at the UN have to do with the Canadian budget deficit accumulated over the past 10 years ? What does Trump’s speech have to do with high unemployment in Canada, the homeless encampments in every city in Canada, the price of food going up 40% and the Liberals raising the tariffs on it. What does Trumps speech have to do with the 4 million Canadians forced to use food banks just to eat in this once prosperous nation. What does Trumps speech have to do with the 20% raise in our electricity bills ( in a supposedly energy rich nation) ? Are you happy knowing that every day $ 150 million dollars of your tax money is being gobbled up just to pay the $ 50 billion dollars of interest payments a year on the $ 1.5 trillion dollars in debt the Liberals have saddled us with ? And what is Canada going to do to stop Russian aggression in the Ukraine ? You seem to have an totally outsized view of the power and influence of Canada - a country with a population about the size of Poland and a military that is far weaker than Polands. And what does the murder rate, assassinations and unlawful detainment in the US have to do with Canada ? Our crime rate here is through the roof, and you do not seem to be concerned in the least. You seem to be fixated entirely with Trump and the US. They have a term for that - it’s called Trump Derangement Syndrome. We live in Canada and we have our own issues that have nothing to do with Trump, although the longer Carney can keep people like you fixated on Trump - the less you pay attention to what is going on here. Wake up. You are being played like a fiddle, manipulated by the very party you so vehemently support. And you need to step away from watching Rosemary Barton and David Cochrane and the CBC itself. In closing - I do not watch FOX news ever. Do you know why ? Because I live in Canada so the US news is irrelevant to me. My God man, wake up.
Exactly!! 💯 👍 “Quit obsessing over the debt”Paul says. Of course why worry - our great-great-great grandchildren will be paying forever thanks to the reckless, destructive Liberal spending, and the ignorant people who keep voting them in.
Mike you don’t get it. The greatest economic expansion in the last 100 years was during and after WW II. We have to invest in our economy and keep people working. And speaking of the royal we, let’s not pretend that we all equally pay back the debt. Some of us pay a lot more than others. It might be worth having someone come in and give us a bit of education on how it all works. As an example a lot of people think that the bank makes its money on the difference between what the pay in interest and what they charge for a loan. Someone deposits a 100,000 and gets 3,000 in interest and the bank loans out that 100,000,charges 6,000 in interest. The bank makes 3,000. Not how it works. The bank lends out 1,000,000 on that deposit and charges 6% and makes 60,000 and pays out 3,000 on interest for the deposit.
So yes, our children and grandchildren will be paying back money on “debt” but in 30 years it may not be the % of gdp that it is now.
The saddest part of your commentary is that, at great expense, public utilities were paid for by Canadians. Highways, railroads, dams, telecommunications … and provided high paying jobs for its citizens only to have governments sell them off for pennies on the dollar to private enterprises who outsource that work to third world countries and charge the former owners, the public huge fees. Look at the history of telecommunications and AGT, Ed Tel and BCTel and see if you can figure out the trend line. Then look at the governments that pulled that rabbit out of the hat. We pay the highest cel phone rates in the world. So yes, there is a lot of outstanding issues but at this stage Mark Carney is not one of them. If you want to see reckless spending, check out Danielle Smith in AB. Then ask yourself if Pollievre would be any different.
You’re right Paul, I don’t get it. I don’t get how our PM can leave parliament after one day back to go to globalist meetings, when so many issues need our leaders at work here in Canada. I don’t get how MP Chrystia Freeland can run for office, and a few months in stay on as MP while she works for Ukraine. I don’t get how our Liberal government can continue their reckless immigration policies of flooding the country with newcomers as our health care and city resources are constrained. I don’t get how such an intelligent financial person like Mark Carney would not have given Canada’s budget a top priority after the election. I don’t get how this government can stubbornly turn its back on our #1 trading partner and the world’s largest economy by far, while supporting the Hamas fake state of Palestine. You are correct Paul - I don’t get it, and neither do millions of other Canadians.
It’s not just Trump but as you are completely unaware Canada is a member of the global community. And, like the OC’s who threw Canada under the bus with the free trade deal, it has had an impact on everything we do economically. To the point that AB sells oil for a discount to the US, who then turn around and sell it at world market prices and back to us. I sense that you are also unaware of how much Canadian money is invested in the US. That impacts my bottom line. Quit obsessing over the debt. It’s not like your household debt. We have our own currency. On the Russian aggression, we are a part of NATO and it looks like we are a part of the coalition of the willing. Because of Trump we must be able to protect ourselves and need to cultivate allies we can trust. Ukraine’s mistake was giving up their nuclear arsenal with the guarantee that the US and Britain would protect. In terms of the party I most vehemently support. First time liberal voter. Why? Look at who he ran against. A never had job, grifter who squats free gov’t housing. Will I ever return to the PC party. Not with people such as yourself there. Goose stepping around unable to cogently navigate the world in which we live. FYI, I don’t have cable or CBC. Even if I did I think I would have the intellectual capacity to pay attention to more than one thing at a time. TDS?? Where did you get that from?
Where do we start here, not sure I can cover all of the assumptions and labels being thrown out here - generally the first move of a frustrated WOKE person . I will cover only the most outrageous ones. So Canada was “ thrown under the bus” was it by negotiating NAFTA ( Brian Mulroney) and then CUSMA ( Trudeau).According to the Government of Canada’s web site - the Global Affairs Department page - a department that has been run by the Liberals themselves for over 10 years now - it states, and I quote verbatim “ NAFTA has contributed to an unprecedented increase in trade flows across North America since it’s implementation in 1994. Between 1993 and 2018 total merchandise trade grew almost tenfold. Overall trilateral merchandise trade ( the total of each countries imports from one another) has increased to reach nearly 1.2 trillion USD in 2018” It goes on to say that “ the agreement has been proven to build a solid foundation for improving Canada’s prosperity” and “ NAFTA has helped generate economic growth, and raise the standard of living for people of all three member countries” . The only problem with those trade deals was even though Steven Harper signed over 34 trade deals with other countries during his time as PM - ( that’s 33 more than Carney has signed - in fact Harper signed his first deal within his first 90 days in office) - Canada did absolutely nothing with them. Instead - the Liberals focused solely on integrating our economy into that of the US - never dreaming that the gravy train would ever end. Harper foresaw that our dependence on the US was not a good thing - Trudeau ignored it altogether. Now let’s get on to the debt. It’s obvious that you know very little about economics because if you did you would understand that your cavalier statement regarding the debt is completely absurd. You obviously missed the report delivered to the Government by the Parliamentary Budget Officer last week ( a Liberal appointee by the way). He warned that if the Carney government does not curtail its deficit spending in the next two years, our payments towards the interest and the accumulated debt that Canada has will be “ unsustainable” and Canada will be insolvent, unable to even pay the interest on our accumulated debt in just 5 years. And at that point the “ we have our own currency” argument will completely disintegrate because our currency will be useless - it will be devalued to pennies on the dollar. Pensions and investments especially in government bonds will be wiped out , civil servants will not be paid. We will require a bailout from the IMF and if you think we are losing investment money now. - there will be less than nothing coming in here after that because our economy will have collapsed and it will be totally unstable. Investors do not like instability. Even the guy you voted for moved his company out of Canada just last October and when he disclosed his personal investment portfolio- with what - over 100 conflict’s of interests - he revealed that not only does he not pay any tax in Canada - but that 93% of his investments are outside of Canada and 0.3% of his investments are in Canadian companies. So you keep your elbows up and keep your money here - let’s see how that plays out for you, especially since to you debt is nothing to be concerned about - we have our own currency - whatever that is actually supposed to mean. Finally, yes PP is a career politician. So was Lester Pearson, John Turner, Brian Mulroney. Pierre Trudeau and for that matter Sir Winston Churchill, David Lloyd George, John F. Kennedy, LBJ, and Barak Obama. So what. As for PP “squatting” in free government housing - are you referring to Stornoway - the house all of the Leaders of the Opposition have lived in at the government’s expense since 1950, the same government that also pays for the housing of the Prime Minister and the Governor General ? You need to brush up on the functions and responsibilities of the Leader of the Opposition in the Parliamentary system of Government because you have zero grasp, based on that absurd comment of how important that job is in our system of government. Finally - I have never owned a set of Jack Boots - I wear loafers most of the time - with no Sox. I understand the world we live in quite clearly and Canada is not all that important and it is speeding swiftly to an economic collapse which will marginalize us even further - in fact - it will make us a pariah and a laughingstock.
PP should not have been allowed to stay at Stornaway when he lost his seat. Maybe you should brush up on what the leader of the opposition is. And then you compare him to JFK. You are delusional. Brian Mulroney was a career politician? Come on. PP had a paper route and took how many years to finish a degree that he should have been able to collect falling off the back of a newspaper truck. Surely you would not seriously compare PP to anyone on that list. What are his legislative accomplishments? Nothing!!! The fact that you put him in the same company as others on that list is disgraceful. JFK compared to that clown. Or did I miss something. Did PP get his “PT” boat sunk under enemy fire … or did he accidentally sink his rubber ducky.
In terms of understanding the economy, I can see you have your hands firmly in the tiller. You gave yourself away when you said pension money was tied up in government bonds. Give me a break. The last I checked the vast majority is invested in the US stock market. Including a good chunk of CPP. (Perhaps research who some of the bigger pension plan investors are in the world)
In terms of your footwear, it seems to me you are a little “light in the loafers” intellectually and should really consider wearing “socks.” Or maybe you would be more comfortable walking around on your knuckles schilling for bananas.
Perhaps your belief “that Canada is not all that important” underlies your defence of PP as neither of you can be taken seriously.
That is rich coming from someone who ,let me guess, listens to CBC,CNN,MSNBC and the rest of the leftist garbage. Stick to yours and we'll stick to ours.
Are you watching the genocide being committed by Israel against Palestinians ? For the 73 years of my life I have listened to Israel lament the holocaust. Now the world looks on while innocent Palestinians are killed every day while Netanyahu
deliberately slaughters Palestinians . The UN is redundant. It has no power to halt this despicable annihilation of innocent lives.
Yeah the leftists have permanent red coloured glasses on, Trump makes them see red! they have been blinded to the truth and the red glasses prevent them from seeing clearly!
Carney is just an older version of Trudeau. His speeches are the same rambling jumble of words that say nothing. The man has the personality of a stop sign. Another world traveller on Trudeau's jumbo jet flitting about the world with his bucket list of countries he has yet to visit.
Based on your comments Heather you certainly don’t know. Perhaps if you think about the following questions you can reach some clarity.
Conservative or Leftie
Person has experience working in private industry
Person has direct experience on investing in private industry
Person has accumulated wealth through the private sector and free enterprise
Person has no history or direct experience working in the private sector
Person has income from only the public purse and taxpayer
Person has no experience in running a business, making payroll or free market decision making
Person lives at the fringes of private enterprise, has never run anything but yet “knows everything”
Person constantly deals with abstract concepts of freedom but firmly lives at the public trough and believes in legislating his moral code on others
Person behaves like a true national socialist.
Person supports illegal protests aimed at overthrowing elected government.
Try answering this. I did and Carney is a typical conservative. PP on the other hand is either a typical leftie and or a national socialist. Maga are also national socialists
While Canada’s regulatory reform is a critical issue that must be addressed, it does not fully explain why TC Energy chooses to invest in the United States. TC Energy’s investments are driven by the reality that the U.S. market is the dominant energy market, producing nearly four times more oil and significantly more natural gas than Canada. The booming LNG exports in the U.S. create enormous demand for pipelines, making it the obvious choice for growth. Meanwhile, Canada’s smaller market and ongoing policy uncertainties limit its potential. The conclusion is clear: TC Energy follows where the demand is—and that is unmistakably south of the border.
Okay but ask yourself why the US is dominating this market and Canada isn’t when we have more oil and gas than they do?? Perhaps it’s our government?? Alberta would be a leader in the world if we didn’t have leftist dingdongs destroying everything.
In the ground oil true Canada has more reserves, but not so with gas. The US. is the world’s #1 producer of both oil and natural gas. It produces more than double Canada’s oil output and many times Canada’s natural gas.
Canada is in the top 5 for oil production, but still far behind the U.S. It’s production that counts when building pipelines.
Sorry Paul FYI - Canada has ~ 170 billion barrels and almost all of that is oil sands, that means oil sands in Canada make up around 9-11% of global proven oil reserves. (170 ÷ ~1,700 ≈ 0.10).
Thanks for clarifying. My source on this was Peter Lougheed when he rolled out the Heritage Trust fund. I’ve learned my lesson in believing PC leadership
You appear to have many bad sources. And I will suggest that your love affair, smitten as you are with Mark Carney, will prove a big letdown. Just wait and see, then prove me wrong. Character analysis is not your strong suit based on how ready you are to show appeasement to the new PM. Bad mistake, and time will tell.
My mind is completely boggled. How is it that Liberal voters cannot see through the facade this guy puts forward ? And what’s worse, it is them he is lying to - not those who do not vote Liberal. They are totally being played by this guy and this government and yet they ask for more. I see their comments when Carney posts some nonsense on Facebook “ So proud to have Mark Carney as our PM” , or “ keep fighting for Canada”, or my personal favourite “ you are doing an excellent job”. I just want to say to them - what has he done that makes you think these things. The report by the PBO last week was a dire warning - we are about to become insolvent as a country in the next 5 years unless we turn this ship around in terms of these huge budget deficits within 2 years. Our debt will be unsustainable. As it is now just to pay the interest on the debt we have accumulated to date cost’s Canadian taxpayers $ 150 MILLION - A DAY. What government can operate when you have to start every day paying that first. It’s pathetic. I really fear for the future of this country.
Hey Janice. Balancing the debt! Wow!! You are an intellectual extra ordinaire. Brilliant analysis as usual. Uh… I am so dumb … I mm uh. Oh wha da da da …
Good article. Did you read Andrew Fox’s report “Who Was Really Behind the Recognition of Palestine”? It was Global Progress Action, part of pro-Qatar Center for American Progress. CAEF emailed this article.
Carney's trip to England was only to meet with Brookfield and the Qatar reps to go over their profits in the oil and gas industries that they're partners in. By the way, they're doing pretty good.
I am so happy he was happy to be absolutely clear. Was that being clear? I am glad folks think he is good with math as English certainly is not the PM’s strong suit. God bless you Brian as you still give me hope for journalism.
Raise your standards Karen. Or are you suggesting a possible Nobel. Wouldn’t it be great if both he and the Putin fanboy won. Golly that would be great. Let’s pull out the banjos and hail the second instalment of Deliverance.
Paul my comment was made in sarcasm. If it’s my respect for Brian Lilley, I have enjoyed his work for decades. I am not certain where you think my standards are but if you’d like to chat over coffee, I love to listen and am willing to learn.
Carney has never been about enriching Canadians. This is just a gig to enrich his interests, and bring WEF control!
Can we even imagine that if we had someone like Trump ruling here in Canada WOW! We’d definitely be an amazingly wealthy country!! He is kicking ass down there! And their economy has been givin a quick starter by his hard work.. let me reiterate… by Trumps hard work ..(compare to Carney’s travelling clown show!) he is helping the USA to flourish after the pathetic dem years.
US social security and Medicaid will be unfunded in two more terms (roughly 2032) so hope all the old timers saved up for their own pension and health care.
Although it is a problem that has been known for many years, nothing has been done, not is anything being done - US debt continues to climb and it looks like the response will be more debt.
US debt-to-GDP will be 125% end of year and the US depends on foreign buyers of that debt, stable coin scams notwithstanding.
Our country is on the brink of bankruptcy according to the PBO and Carney is cavorting around with leftists who only have a hate on for Donald Trump! It’s absolutely disgusting. I also 100% stand with Israel.
My Nice neighbours elected Mark Carney to be Justin Trudeau - but this time competent. So what we are seeing is the Woke agenda, now burdening the country with much greater intensity.
The profoundly worrying part is that most of what they think is based almost entirely on wilfully chosen misinformation. And thus they won't care about government control of media as long as they get their Two Minute Hate against Trump and similar targets. I am sure government can see to that.
I've no idea what to do now.
Keep up the fight
I believe in prayer. It will get much worse before we see the light of day.
You are not alone in not knowing what to do, you have all of the Pollievre supporters right there with you. You know Pollievre the million dollar man who made his fortune while in elected office, refuses to get a security clearance and squatted at Stornaway at taxpayer expense.
You clearly are illiterate or refuse to educate yourself.
The leader of the opposition always resides at Stornaway. Trudeau squatted at Harrington Lake for a decade spending something like 12 million without authorization of parliament to remodel it to his personal preference.
No, the official parliamentary leader of the opposition resides at Stornaway.
Carney is doing a lot of foolish things to antagonize President Trump. But there may be a method in his madness. As Canada’s economy continues to grow worse & our debt grows he will blame Trump once again.
That is Carneys whole strategy. The Liberals have come to realize that as long as they can keep the focus on Trump, use the “existential crisis” narrative they came up with, scare their voters into thinking that it’s a scary world and only they know how to deal with the bad actors out there, and make it seem like he is this incredible statesman who can regularly meet with leaders in the EU and Britain while making it look like he is getting deals left right and centre, - they will get re-elected. Thats all they care about - retaining power so they can push their agenda down our throats. Meanwhile they are personally enriching themselves at the expense of the taxpayer and there have been no significant trade deals made with anyone.The Liberals are deliberately not negotiating with Trump because they have figured out that if they do - the whole focus shifts away from Trump and tariffs to our domestic agenda at home - and that is a topic the Liberals would just as soon avoid - that’s why they were so far down in the polls at thus time last year before Trump became the issue.
Exactly. Just hope the “elbows up” crowd (I am in that senior age group but certainly did not vote Liberal) can see what is really going on cause they were fooled before.
I too am a senior Kat and all I can do is hope that somehow they see through the deception eventually. Part of the problem is that for a large swath of seniors who vote Liberal, they have failed to keep up with the times. They think this is the Center Left Liberal party of Jean Chrétien and Paul Martin - fiscally responsible individuals. They see the Conservatives as this slash and burn party, only interested in supporting business at the expense of taxpayers - a far right, anti- abortion agenda. Unfortunately that is not the reality today. Trudeau and Carney along with Guilbeault, Champagne and Gerald Butts have moved the Liberals over to the far left while Poilievre has become more of a populist Conservative and he has moved them into that centrist position the Liberals vacated. A good number of these voters just vote Liberal out of habit- not because of any belief in policy - they have no clue what their policy is.
100%
Someone is being fooled alright.
Did you watch Trump’s UN speech? Are you familiar with Russian aggression against Ukraine? Are you watching what is going on in the States. Murders, assassinations, unlawful detainment. Quit watching so much Fox News and reading the Toronto Star rag.
What does Trumps speech at the UN have to do with the Canadian budget deficit accumulated over the past 10 years ? What does Trump’s speech have to do with high unemployment in Canada, the homeless encampments in every city in Canada, the price of food going up 40% and the Liberals raising the tariffs on it. What does Trumps speech have to do with the 4 million Canadians forced to use food banks just to eat in this once prosperous nation. What does Trumps speech have to do with the 20% raise in our electricity bills ( in a supposedly energy rich nation) ? Are you happy knowing that every day $ 150 million dollars of your tax money is being gobbled up just to pay the $ 50 billion dollars of interest payments a year on the $ 1.5 trillion dollars in debt the Liberals have saddled us with ? And what is Canada going to do to stop Russian aggression in the Ukraine ? You seem to have an totally outsized view of the power and influence of Canada - a country with a population about the size of Poland and a military that is far weaker than Polands. And what does the murder rate, assassinations and unlawful detainment in the US have to do with Canada ? Our crime rate here is through the roof, and you do not seem to be concerned in the least. You seem to be fixated entirely with Trump and the US. They have a term for that - it’s called Trump Derangement Syndrome. We live in Canada and we have our own issues that have nothing to do with Trump, although the longer Carney can keep people like you fixated on Trump - the less you pay attention to what is going on here. Wake up. You are being played like a fiddle, manipulated by the very party you so vehemently support. And you need to step away from watching Rosemary Barton and David Cochrane and the CBC itself. In closing - I do not watch FOX news ever. Do you know why ? Because I live in Canada so the US news is irrelevant to me. My God man, wake up.
Exactly!! 💯 👍 “Quit obsessing over the debt”Paul says. Of course why worry - our great-great-great grandchildren will be paying forever thanks to the reckless, destructive Liberal spending, and the ignorant people who keep voting them in.
Mike you don’t get it. The greatest economic expansion in the last 100 years was during and after WW II. We have to invest in our economy and keep people working. And speaking of the royal we, let’s not pretend that we all equally pay back the debt. Some of us pay a lot more than others. It might be worth having someone come in and give us a bit of education on how it all works. As an example a lot of people think that the bank makes its money on the difference between what the pay in interest and what they charge for a loan. Someone deposits a 100,000 and gets 3,000 in interest and the bank loans out that 100,000,charges 6,000 in interest. The bank makes 3,000. Not how it works. The bank lends out 1,000,000 on that deposit and charges 6% and makes 60,000 and pays out 3,000 on interest for the deposit.
So yes, our children and grandchildren will be paying back money on “debt” but in 30 years it may not be the % of gdp that it is now.
The saddest part of your commentary is that, at great expense, public utilities were paid for by Canadians. Highways, railroads, dams, telecommunications … and provided high paying jobs for its citizens only to have governments sell them off for pennies on the dollar to private enterprises who outsource that work to third world countries and charge the former owners, the public huge fees. Look at the history of telecommunications and AGT, Ed Tel and BCTel and see if you can figure out the trend line. Then look at the governments that pulled that rabbit out of the hat. We pay the highest cel phone rates in the world. So yes, there is a lot of outstanding issues but at this stage Mark Carney is not one of them. If you want to see reckless spending, check out Danielle Smith in AB. Then ask yourself if Pollievre would be any different.
You’re right Paul, I don’t get it. I don’t get how our PM can leave parliament after one day back to go to globalist meetings, when so many issues need our leaders at work here in Canada. I don’t get how MP Chrystia Freeland can run for office, and a few months in stay on as MP while she works for Ukraine. I don’t get how our Liberal government can continue their reckless immigration policies of flooding the country with newcomers as our health care and city resources are constrained. I don’t get how such an intelligent financial person like Mark Carney would not have given Canada’s budget a top priority after the election. I don’t get how this government can stubbornly turn its back on our #1 trading partner and the world’s largest economy by far, while supporting the Hamas fake state of Palestine. You are correct Paul - I don’t get it, and neither do millions of other Canadians.
A great and honest reply to a person with the same type of TDS as Rosie O’Donnell. Really sick, twisted people.
It’s not just Trump but as you are completely unaware Canada is a member of the global community. And, like the OC’s who threw Canada under the bus with the free trade deal, it has had an impact on everything we do economically. To the point that AB sells oil for a discount to the US, who then turn around and sell it at world market prices and back to us. I sense that you are also unaware of how much Canadian money is invested in the US. That impacts my bottom line. Quit obsessing over the debt. It’s not like your household debt. We have our own currency. On the Russian aggression, we are a part of NATO and it looks like we are a part of the coalition of the willing. Because of Trump we must be able to protect ourselves and need to cultivate allies we can trust. Ukraine’s mistake was giving up their nuclear arsenal with the guarantee that the US and Britain would protect. In terms of the party I most vehemently support. First time liberal voter. Why? Look at who he ran against. A never had job, grifter who squats free gov’t housing. Will I ever return to the PC party. Not with people such as yourself there. Goose stepping around unable to cogently navigate the world in which we live. FYI, I don’t have cable or CBC. Even if I did I think I would have the intellectual capacity to pay attention to more than one thing at a time. TDS?? Where did you get that from?
Where do we start here, not sure I can cover all of the assumptions and labels being thrown out here - generally the first move of a frustrated WOKE person . I will cover only the most outrageous ones. So Canada was “ thrown under the bus” was it by negotiating NAFTA ( Brian Mulroney) and then CUSMA ( Trudeau).According to the Government of Canada’s web site - the Global Affairs Department page - a department that has been run by the Liberals themselves for over 10 years now - it states, and I quote verbatim “ NAFTA has contributed to an unprecedented increase in trade flows across North America since it’s implementation in 1994. Between 1993 and 2018 total merchandise trade grew almost tenfold. Overall trilateral merchandise trade ( the total of each countries imports from one another) has increased to reach nearly 1.2 trillion USD in 2018” It goes on to say that “ the agreement has been proven to build a solid foundation for improving Canada’s prosperity” and “ NAFTA has helped generate economic growth, and raise the standard of living for people of all three member countries” . The only problem with those trade deals was even though Steven Harper signed over 34 trade deals with other countries during his time as PM - ( that’s 33 more than Carney has signed - in fact Harper signed his first deal within his first 90 days in office) - Canada did absolutely nothing with them. Instead - the Liberals focused solely on integrating our economy into that of the US - never dreaming that the gravy train would ever end. Harper foresaw that our dependence on the US was not a good thing - Trudeau ignored it altogether. Now let’s get on to the debt. It’s obvious that you know very little about economics because if you did you would understand that your cavalier statement regarding the debt is completely absurd. You obviously missed the report delivered to the Government by the Parliamentary Budget Officer last week ( a Liberal appointee by the way). He warned that if the Carney government does not curtail its deficit spending in the next two years, our payments towards the interest and the accumulated debt that Canada has will be “ unsustainable” and Canada will be insolvent, unable to even pay the interest on our accumulated debt in just 5 years. And at that point the “ we have our own currency” argument will completely disintegrate because our currency will be useless - it will be devalued to pennies on the dollar. Pensions and investments especially in government bonds will be wiped out , civil servants will not be paid. We will require a bailout from the IMF and if you think we are losing investment money now. - there will be less than nothing coming in here after that because our economy will have collapsed and it will be totally unstable. Investors do not like instability. Even the guy you voted for moved his company out of Canada just last October and when he disclosed his personal investment portfolio- with what - over 100 conflict’s of interests - he revealed that not only does he not pay any tax in Canada - but that 93% of his investments are outside of Canada and 0.3% of his investments are in Canadian companies. So you keep your elbows up and keep your money here - let’s see how that plays out for you, especially since to you debt is nothing to be concerned about - we have our own currency - whatever that is actually supposed to mean. Finally, yes PP is a career politician. So was Lester Pearson, John Turner, Brian Mulroney. Pierre Trudeau and for that matter Sir Winston Churchill, David Lloyd George, John F. Kennedy, LBJ, and Barak Obama. So what. As for PP “squatting” in free government housing - are you referring to Stornoway - the house all of the Leaders of the Opposition have lived in at the government’s expense since 1950, the same government that also pays for the housing of the Prime Minister and the Governor General ? You need to brush up on the functions and responsibilities of the Leader of the Opposition in the Parliamentary system of Government because you have zero grasp, based on that absurd comment of how important that job is in our system of government. Finally - I have never owned a set of Jack Boots - I wear loafers most of the time - with no Sox. I understand the world we live in quite clearly and Canada is not all that important and it is speeding swiftly to an economic collapse which will marginalize us even further - in fact - it will make us a pariah and a laughingstock.
You have spoken what I would say exactly to this misinformed Paul. Thank you for the light you shed here, Darryl Burrows.
PP should not have been allowed to stay at Stornaway when he lost his seat. Maybe you should brush up on what the leader of the opposition is. And then you compare him to JFK. You are delusional. Brian Mulroney was a career politician? Come on. PP had a paper route and took how many years to finish a degree that he should have been able to collect falling off the back of a newspaper truck. Surely you would not seriously compare PP to anyone on that list. What are his legislative accomplishments? Nothing!!! The fact that you put him in the same company as others on that list is disgraceful. JFK compared to that clown. Or did I miss something. Did PP get his “PT” boat sunk under enemy fire … or did he accidentally sink his rubber ducky.
In terms of understanding the economy, I can see you have your hands firmly in the tiller. You gave yourself away when you said pension money was tied up in government bonds. Give me a break. The last I checked the vast majority is invested in the US stock market. Including a good chunk of CPP. (Perhaps research who some of the bigger pension plan investors are in the world)
In terms of your footwear, it seems to me you are a little “light in the loafers” intellectually and should really consider wearing “socks.” Or maybe you would be more comfortable walking around on your knuckles schilling for bananas.
Perhaps your belief “that Canada is not all that important” underlies your defence of PP as neither of you can be taken seriously.
Cheers.
That is rich coming from someone who ,let me guess, listens to CBC,CNN,MSNBC and the rest of the leftist garbage. Stick to yours and we'll stick to ours.
Don’t stream or have cable for these stations. Try again. I can do independent research, this is beyond you
You have a very high opinion of yourself. You think you are the only one who can do independent, and unbiased, research?
Sad little man brain
Are you watching the genocide being committed by Israel against Palestinians ? For the 73 years of my life I have listened to Israel lament the holocaust. Now the world looks on while innocent Palestinians are killed every day while Netanyahu
deliberately slaughters Palestinians . The UN is redundant. It has no power to halt this despicable annihilation of innocent lives.
Hamas is the only source of news in Gaza. You choose to believe them, I don't.
Do you think their position will change once the CUSMA deal is finished? What will we have to negotiate with?
What will change? Nothing, you have an individual who has voided two
" Greatest Agreement Ever"
What do you expect to change. The trust is gone
Yeah the leftists have permanent red coloured glasses on, Trump makes them see red! they have been blinded to the truth and the red glasses prevent them from seeing clearly!
Carney is ONLY about enriching his own interests. This is his sole focus :(
Brilliant as usual Annette. Deep, Very deep.
Not deep just thinking like a Laurentian traitor and commie P.E.T :(
We owe $2.3 trillion, a shamed energy&mineral income with tariffed exports :(
Jeezus I thought Justin was bad in the umm, ohh, ahh category but Carney really takes home the prize.
Carney is just an older version of Trudeau. His speeches are the same rambling jumble of words that say nothing. The man has the personality of a stop sign. Another world traveller on Trudeau's jumbo jet flitting about the world with his bucket list of countries he has yet to visit.
Carnage is a graduate of "Kamala Harris School of Word Salad"
You said it all!
Karen, you are a joke. A wannabe. Pathetic.
And then the lefties resort to pathetic personal assaults only bc they have only grey matter btw their ears and red glasses on their noses🤪!!
I’m not a leftie. Neither is the PM. You wouldn’t know a conservative if it bit you in the …
Do you know the difference between a Conservative and a Liberal ? By your comment it doesn't appear you do.
Based on your comments Heather you certainly don’t know. Perhaps if you think about the following questions you can reach some clarity.
Conservative or Leftie
Person has experience working in private industry
Person has direct experience on investing in private industry
Person has accumulated wealth through the private sector and free enterprise
Person has no history or direct experience working in the private sector
Person has income from only the public purse and taxpayer
Person has no experience in running a business, making payroll or free market decision making
Person lives at the fringes of private enterprise, has never run anything but yet “knows everything”
Person constantly deals with abstract concepts of freedom but firmly lives at the public trough and believes in legislating his moral code on others
Person behaves like a true national socialist.
Person supports illegal protests aimed at overthrowing elected government.
Try answering this. I did and Carney is a typical conservative. PP on the other hand is either a typical leftie and or a national socialist. Maga are also national socialists
Not an extensive list
No Karen you are the prize. Homecoming queen, swimsuit model, runway diva…
What is that supposed to mean?
Have you never seen Mike McDaniel the Miami Dolphins Coach?
While Canada’s regulatory reform is a critical issue that must be addressed, it does not fully explain why TC Energy chooses to invest in the United States. TC Energy’s investments are driven by the reality that the U.S. market is the dominant energy market, producing nearly four times more oil and significantly more natural gas than Canada. The booming LNG exports in the U.S. create enormous demand for pipelines, making it the obvious choice for growth. Meanwhile, Canada’s smaller market and ongoing policy uncertainties limit its potential. The conclusion is clear: TC Energy follows where the demand is—and that is unmistakably south of the border.
Okay but ask yourself why the US is dominating this market and Canada isn’t when we have more oil and gas than they do?? Perhaps it’s our government?? Alberta would be a leader in the world if we didn’t have leftist dingdongs destroying everything.
Yes. What a brilliant strategy. Sell everything for 10% less. Einstein at work. Buffoon
In the ground oil true Canada has more reserves, but not so with gas. The US. is the world’s #1 producer of both oil and natural gas. It produces more than double Canada’s oil output and many times Canada’s natural gas.
Canada is in the top 5 for oil production, but still far behind the U.S. It’s production that counts when building pipelines.
And it will stay in the ground forever if the liberals retards have their way.
Hey David. You are brilliant. What a savont. 40% of the world’s oil reserves are in the tar sands.
Sorry Paul FYI - Canada has ~ 170 billion barrels and almost all of that is oil sands, that means oil sands in Canada make up around 9-11% of global proven oil reserves. (170 ÷ ~1,700 ≈ 0.10).
It doesn’t take a savant* to look this shit up.
Thanks for clarifying. My source on this was Peter Lougheed when he rolled out the Heritage Trust fund. I’ve learned my lesson in believing PC leadership
You appear to have many bad sources. And I will suggest that your love affair, smitten as you are with Mark Carney, will prove a big letdown. Just wait and see, then prove me wrong. Character analysis is not your strong suit based on how ready you are to show appeasement to the new PM. Bad mistake, and time will tell.
Thanks for sharing your insights.
My mind is completely boggled. How is it that Liberal voters cannot see through the facade this guy puts forward ? And what’s worse, it is them he is lying to - not those who do not vote Liberal. They are totally being played by this guy and this government and yet they ask for more. I see their comments when Carney posts some nonsense on Facebook “ So proud to have Mark Carney as our PM” , or “ keep fighting for Canada”, or my personal favourite “ you are doing an excellent job”. I just want to say to them - what has he done that makes you think these things. The report by the PBO last week was a dire warning - we are about to become insolvent as a country in the next 5 years unless we turn this ship around in terms of these huge budget deficits within 2 years. Our debt will be unsustainable. As it is now just to pay the interest on the debt we have accumulated to date cost’s Canadian taxpayers $ 150 MILLION - A DAY. What government can operate when you have to start every day paying that first. It’s pathetic. I really fear for the future of this country.
I blame #voterfraud, and #Morons.
Um… um….. uh um…. Global green… um …. I went to a rugby game um.., i am elbows up…. Um… i am balancing the debt … um … i think!???
I hear Carney! Well done, Janice.
Hey Janice. Balancing the debt! Wow!! You are an intellectual extra ordinaire. Brilliant analysis as usual. Uh… I am so dumb … I mm uh. Oh wha da da da …
Excellent commentary here. Keep up the fine journalism Mr Lilley.
And let’s talk about beer. Wow those taxes. It’s like beer drinkers will eliminate the deficit all on their own
Good article. Did you read Andrew Fox’s report “Who Was Really Behind the Recognition of Palestine”? It was Global Progress Action, part of pro-Qatar Center for American Progress. CAEF emailed this article.
Carney's trip to England was only to meet with Brookfield and the Qatar reps to go over their profits in the oil and gas industries that they're partners in. By the way, they're doing pretty good.
What ?? Please send links to this information.
Tits Up! It’s all a facade/sham.
This is what journalism should be.
Makes the CBC look like the Liberal’s communications department. Budget is $1,250,000,000, but it’s really a bribe.
#WEF #Carney is not working for the benefit of #Canada, nor #Canadians?