Mark Carney

[Herman]

[Herman]

[Herman]

You never thought that you would see a prime minister who's more financially irresponsible than Trudeau.
You never thought that you would see a prime minister who lies more than Trudeau.
Somehow, in Mark Carney, you got both.

[Herman]

[Herman]

[Herman]

[Brent]

Mark Carney's spring economic update can best be described as treating Canadian taxpayers like mushrooms.

That is, by keeping them in the dark and covering them with manure.

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As parliamentary budget officer Annette Ryan reported in her assessment of the update, it raised far more questions than it answers.

Among her findings:

Carney's explanation of his $25-billion Canada Strong Fund (aka the sovereign wealth fund) lacks key information needed to evaluate it despite being financed by government debt. (Normally such funds are financed by surpluses, which the federal government doesn't have). Among other concerns, the update does not address whether interest payments on the added government debt will be weighed against the fund's performance.

No details are provided on how Carney plans to reach his NATO target of spending 5% of GDP on defence by 2035, which the PBO estimates will cost $159 billion in that year alone, add $63 billion to the deficit and increase the debt-to-GDP ratio by 6.3 percentage points, one of several factors contributing to "a concerning upward track" on government debt.

The effectiveness of Carney's major projects office, which is supposed to fast-track approvals of nationally significant infrastructure projects within two years, can't be assessed because it hasn't published any progress reports or developed a scorecard to track progress on its two-year mandate.

Carney's promise in the November 2025 budget committing $110 billion over five years to increase economic productivity — a key determinant of Canadians' standard of living which has been flat since 2022 — lacks the metrics needed to assess progress.

[Herman]

What do you think Mark Carney is most likely to blame this on?

[Herman]

Conman Carney is our first trans-PM. He's transformed back into Justin Trudeau in about a year.

[Herman]

Whenever the Carney Liberals are criticized on the economy, they always respond with the talking point that Canada, according to the International Monetary Fund, is in "the best fiscal position in the G7."
The Liberals aren't exactly "lying" when they say this, but they are heavily relying on people being ignorant and assuming that "fiscal position" broadly means that the economy is good.
The IMF is an organization that deals with countries facing sovereign debt crises. To simplify it, that's when a country doesn't have enough money to pay off its bills anymore.
Canada is not currently at risk of this. While we have a lot of debt, and this debt is a big problem, it's not because we have no ability to pay it off. There's still a lot of money in Canada, all things considered. But that's all that this "fact" from the IMF tells us: that Canada is not at risk of defaulting on our debt any time soon.
This particular statistic from the IMF, however, does not tell us whether our debt is INFLATIONARY, which is what Pierre Poilievre's actual criticism is. Pierre has never said that we're at imminent risk of fiscal default.
Their statement about our "fiscal position" also has nothing to do with economic growth, job growth, cost of living, or any other statistic that actually impacts your life.
So is this a Liberal lie? Not exactly. It's Liberal misdirection. Don't fall for it.

[Herman]