Mark Carney is no master negotiator...

Plus Doug Ford says no to welfare for illegals and Alberta keeps winning.

“I know the president, I’ve dealt with the president in the past in my previous roles when he was in his first term, and I know how to negotiate.”

Those were the words of Mark Carney last year during the Liberal leadership race that made him Canada’s prime minister.

How is that working out?

• Tariffs on steel, aluminum, autos and lumber have only gone up since then, not down.

• The CUSMA review resulted in no extension for the deal, instead it continues for 10 more years with annual reviews that will only bring instability.

• To open the Gordie Howe Bridge, Carney had to pay the Danegeld and agree that the Americans start getting paid immediately.

What does Carney know how to negotiate?

There are consequences…

Seems some Canadians don’t want to acknowledge that there are consequences to Canada not securing a trade deal that deals with the tariffs. As I was writing about in my recent column for the Toronto Sun, we have more than 40% of manufacturing companies telling KPMG that they have either moved production south to the United States or are thinking about it.

What’s also worrying are the number of manufacturing companies pausing or cancelling their capital expenditure programs. That’s Canadian firms deciding not to invest in the future of their own companies.

Another decision that came with consequences, Canada’s sub purchase announced last week. With the Carney government choosing the German option over the Korean one, Hyundai is cancelling plan for a hydrogen truck plant in Canada.

The German purchase comes with it’s own benefits, which aren’t as clear cut and easy to understand as a truck plant, but Korea and Hyundai made a decision.

An illegal immigrant isn’t a visitor, therefore they get welfare…

An absolutely bizarre ruling in Ontario states that illegal immigrants, after they are discovered, are still entitiled to collect welfare.

I detail the insanity of the ruling in my column for the Sun and point out that this issue was pushed by an activist group funded by the provincial government.

Thankfully, Ontario Premier Doug Ford says he will change regulations if needed to stop this insanity.

Alberta keeps winning with Brett Wilson…

Brett Wilson, the legendary investor and former member of Dragon’s Den is my guest on the Full Comment Podcast this week. We were talking about the changes for Alberta, including some that many didn’t understand in terms of the significance.

You can watch the beginning of the interview below or listen to the full interview here.