News:
R.I.P to the great Charlie Kirk! ~ R.I.P to our friend Caskur!
- Welcome to THeBlueCashew.
Posted by DKG
- Today at 08:00:45 AMQuote from: . on April 09, 2026, 06:46:27 PMGuys, guys...Crime, poverty, unemployment, health care, inflation, rampant drug addiction, homelessness have all become considerably worse in the six years since you left Canada.
Canada was already on the ropes when I sold up shop and exited in 2020. It beggared belief just how high the cost of living was back then and teetered dangerously on the precipice of what might generously be described as a third world totalitarian shithole.
This thread is not news to me. I have seen the homeless encampments on the sidewalks of Ottawa where businessmen used to tread, I have seen the piles of trash and feces, the shuttered businesses and the dulled, devoid of hope eyes of its citizens. YouTurd shows only part of the story I am sure and I will remain forever grateful to be one of the lucky ones that got out while the getting was good.
Those of you who didn't are content it seems to blog the decline and delusions of seperatism as you are milked for your dying breaths. I used to think you deserved better than what I knew was coming. I am revising that belief as it is clear you are incapable of fighting for it in any meaningful way.
It's a sad thing to face. The silver lining is that I do not have to.
Posted by Herman
- April 09, 2026, 07:36:07 PMWe are sitting on one of the most resource-rich countries on the planet.
And somehow... we can't get out of our own way.
Let that sink in.
You're paying close to $2 a litre.
Groceries are up.
Everything costs more.
And at the exact same time, Canada has the ability to produce, move, and sell energy to the world at a massive scale.
So what's the problem?
It's not a lack of resources.
It's not a lack of demand.
It's us.
More specifically... it's the decisions being made at the top.
Pierre Poilievre just dropped a clip that's blowing up right now, and it's hitting hard for one simple reason.
It's not a politician talking.
It's the CEO of the company that would actually build the pipeline.
Greg Ebel from Enbridge.
And he lays it out in plain English.
No spin.
No politics.
No theatrics.
Just reality.
He lists five things stopping a major pipeline from Alberta to the Pacific.
Five.
And every single one of them ties back to federal policy.
Think about that.
Not market conditions.
Not technology.
Not lack of interest.
Policy.
Here's what he said is standing in the way.
First.
A tanker ban off the west coast.
So even if you build the pipeline...
You can't load the oil.
Which makes the entire project pointless.
Second.
You can't actually get a pipeline approved.
Too many hurdles.
Too much red tape.
Too much uncertainty.
Third.
We don't even have the ability to produce enough oil to fill it.
Not because we can't.
Because we're not allowed to.
Fourth.
There's no clear path on emissions rules.
Companies don't know what the target is.
What the cost is.
Or what the rules will be five years from now.
So they don't invest.
Fifth.
Industrial carbon tax and CO2 requirements.
In other words, before you even think about growing production...
You need government approval tied to a whole separate layer of infrastructure and costs.
So let's recap this.
We have the oil.
We have the demand.
We have the companies willing to build.
And we've created a system where none of it can actually happen.
You couldn't design it worse if you tried.
And here's the part that should really bother you.
This isn't some abstract policy debate.
This hits you every single day.
Gas prices.
Heating costs.
Shipping costs.
Food prices.
Everything.
Energy is upstream of all of it.
So when energy gets more expensive...
Everything gets more expensive.
And we're doing it to ourselves.
That's the wild part.
We're not being outcompeted.
We're self-sabotaging.
Instead of exporting to global markets like Asia...
We're forced to sell at a discount to the U.S.
Instead of creating jobs...
We're creating paperwork.
Instead of building...
We're studying.
Instead of leading...
We're hesitating.
I don't care what side of the political aisle you're on.
At some point you have to ask a basic question.
Why are we making this so hard?
Why does a country with this level of natural advantage act like it's allergic to prosperity?
Because that's what this is.
We are choosing complexity over common sense.
We are choosing delay over action.
We are choosing ideology over results.
And regular people are paying for it.
Literally.
At the pump.
At the grocery store.
In their monthly bills.
Meanwhile, the rest of the world isn't waiting.
They're building.
They're investing.
They're competing.
And we're sitting here arguing about whether we should even participate.
That's not leadership.
That's paralysis.
The frustrating part is this isn't some impossible problem to solve.
We know exactly what the barriers are.
The CEO just listed them.
Clear as day.
So the real question isn't "what's wrong?"
The real question is...
Why won't we fix it?
Because until we do, nothing changes.
Prices stay high.
Opportunities get missed.
And Canada keeps playing small.
We don't need more studies.
We don't need more announcements.
We need to get out of our own way.
Build.
Produce.
Export.
Act like the country we actually are.
Because right now?
We're not even close.
And that's the truth people are starting to wake up to.
And somehow... we can't get out of our own way.
Let that sink in.
You're paying close to $2 a litre.
Groceries are up.
Everything costs more.
And at the exact same time, Canada has the ability to produce, move, and sell energy to the world at a massive scale.
So what's the problem?
It's not a lack of resources.
It's not a lack of demand.
It's us.
More specifically... it's the decisions being made at the top.
Pierre Poilievre just dropped a clip that's blowing up right now, and it's hitting hard for one simple reason.
It's not a politician talking.
It's the CEO of the company that would actually build the pipeline.
Greg Ebel from Enbridge.
And he lays it out in plain English.
No spin.
No politics.
No theatrics.
Just reality.
He lists five things stopping a major pipeline from Alberta to the Pacific.
Five.
And every single one of them ties back to federal policy.
Think about that.
Not market conditions.
Not technology.
Not lack of interest.
Policy.
Here's what he said is standing in the way.
First.
A tanker ban off the west coast.
So even if you build the pipeline...
You can't load the oil.
Which makes the entire project pointless.
Second.
You can't actually get a pipeline approved.
Too many hurdles.
Too much red tape.
Too much uncertainty.
Third.
We don't even have the ability to produce enough oil to fill it.
Not because we can't.
Because we're not allowed to.
Fourth.
There's no clear path on emissions rules.
Companies don't know what the target is.
What the cost is.
Or what the rules will be five years from now.
So they don't invest.
Fifth.
Industrial carbon tax and CO2 requirements.
In other words, before you even think about growing production...
You need government approval tied to a whole separate layer of infrastructure and costs.
So let's recap this.
We have the oil.
We have the demand.
We have the companies willing to build.
And we've created a system where none of it can actually happen.
You couldn't design it worse if you tried.
And here's the part that should really bother you.
This isn't some abstract policy debate.
This hits you every single day.
Gas prices.
Heating costs.
Shipping costs.
Food prices.
Everything.
Energy is upstream of all of it.
So when energy gets more expensive...
Everything gets more expensive.
And we're doing it to ourselves.
That's the wild part.
We're not being outcompeted.
We're self-sabotaging.
Instead of exporting to global markets like Asia...
We're forced to sell at a discount to the U.S.
Instead of creating jobs...
We're creating paperwork.
Instead of building...
We're studying.
Instead of leading...
We're hesitating.
I don't care what side of the political aisle you're on.
At some point you have to ask a basic question.
Why are we making this so hard?
Why does a country with this level of natural advantage act like it's allergic to prosperity?
Because that's what this is.
We are choosing complexity over common sense.
We are choosing delay over action.
We are choosing ideology over results.
And regular people are paying for it.
Literally.
At the pump.
At the grocery store.
In their monthly bills.
Meanwhile, the rest of the world isn't waiting.
They're building.
They're investing.
They're competing.
And we're sitting here arguing about whether we should even participate.
That's not leadership.
That's paralysis.
The frustrating part is this isn't some impossible problem to solve.
We know exactly what the barriers are.
The CEO just listed them.
Clear as day.
So the real question isn't "what's wrong?"
The real question is...
Why won't we fix it?
Because until we do, nothing changes.
Prices stay high.
Opportunities get missed.
And Canada keeps playing small.
We don't need more studies.
We don't need more announcements.
We need to get out of our own way.
Build.
Produce.
Export.
Act like the country we actually are.
Because right now?
We're not even close.
And that's the truth people are starting to wake up to.
Posted by .
- April 09, 2026, 06:46:27 PMGuys, guys...
Canada was already on the ropes when I sold up shop and exited in 2020. It beggared belief just how high the cost of living was back then and teetered dangerously on the precipice of what might generously be described as a third world totalitarian shithole.
This thread is not news to me. I have seen the homeless encampments on the sidewalks of Ottawa where businessmen used to tread, I have seen the piles of trash and feces, the shuttered businesses and the dulled, devoid of hope eyes of its citizens. YouTurd shows only part of the story I am sure and I will remain forever grateful to be one of the lucky ones that got out while the getting was good.
Those of you who didn't are content it seems to blog the decline and delusions of seperatism as you are milked for your dying breaths. I used to think you deserved better than what I knew was coming. I am revising that belief as it is clear you are incapable of fighting for it in any meaningful way.
It's a sad thing to face. The silver lining is that I do not have to.
Canada was already on the ropes when I sold up shop and exited in 2020. It beggared belief just how high the cost of living was back then and teetered dangerously on the precipice of what might generously be described as a third world totalitarian shithole.
This thread is not news to me. I have seen the homeless encampments on the sidewalks of Ottawa where businessmen used to tread, I have seen the piles of trash and feces, the shuttered businesses and the dulled, devoid of hope eyes of its citizens. YouTurd shows only part of the story I am sure and I will remain forever grateful to be one of the lucky ones that got out while the getting was good.
Those of you who didn't are content it seems to blog the decline and delusions of seperatism as you are milked for your dying breaths. I used to think you deserved better than what I knew was coming. I am revising that belief as it is clear you are incapable of fighting for it in any meaningful way.
It's a sad thing to face. The silver lining is that I do not have to.
Posted by Herman
- April 08, 2026, 06:21:41 PMConman Carney bribed his way into a parliamentary majority.
Posted by DKG
- April 07, 2026, 08:16:42 AMAfter a full year of Liberal Prime Minister Carney, things have only gotten worse for Canadians.
And it's crystal clear now that all his fancy rhetoric and promises are just a GRAND ILLUSION because the results are disastrous.
We still don't have a tariff-free trade deal with America, the cost of living is out of control, food inflation has doubled, and the immigration system is still broken.
And it's crystal clear now that all his fancy rhetoric and promises are just a GRAND ILLUSION because the results are disastrous.
We still don't have a tariff-free trade deal with America, the cost of living is out of control, food inflation has doubled, and the immigration system is still broken.
Posted by Herman
- April 06, 2026, 05:59:20 PMDear Mark Carney,
I just wanted to extend a heartfelt thank you for completely solving the housing crisis. It's incredible. Studio apartments are now only $3,000 a month, bedrooms in someone's basement are a steal at $1,850, and a modest one-bedroom is a jaw-dropping bargain at $3,700. Truly affordable living. I especially appreciate how owning a home now only requires a $180,000 down payment and a small, manageable $4,900/month mortgage. Homeownership has never been more within reach.
Also, thank you for fixing the cost of living. Groceries are unbelievably cheap now. Eggs at $9.49, butter at $8.99, ground beef casually hovering around $14/lb — honestly, I'm saving so much money I don't even know what to do with it. I went in for milk and bread and only spent $97, which is basically nothing these days. What a time to be alive.
The tax relief has been phenomenal too. Keeping almost half of my paycheck is just incredible. I absolutely love watching 40–50% disappear before I even see it — it really builds character. Nothing says financial freedom like calculating whether you can afford both rent and food in the same month. Taxes have truly never felt lower.
And the foreign aid, money laundering situation overseas is amazing! Sending $100 million dollars to gender neutral water treatment studies in Uganda is so beneficial and essential to Canadians survival. Or the $62 billion dollars sent to the laundromat in the Ukraine, to the corrupt regime buying mansions and yachts is an amazing benefit for swindling away all of our tax dollars, while we freeze and starve.
Also thank you for lobbying for more, foreign workers to have jobs that we subsidized over 70% of their wages with our tax dollars, so our kids can't get jobs to support their growth.
And even more so thank you for providing Indian students in India with another $100 million in scholarships, while completly ignoring Candian students. I don't think my children wanted to go to college and university and further their futures with some assistance with skyrocketing tuitions here in Canada.
Additionally the corruption ! Wow isn't that the best part of being Canadian. Working our hearts out daily, so you and your billionaire elite friends can milk 75 % of Canadians money in taxes, so you can steal it all and benefit yourselves and impoverish us at the same time. This is next level narcissism. The gaslighting program and CBC funded propaganda is doing wonders on most Canadians that still think you are amazing while you loot the country dry, and they keep willingly handing you money!
That's next level gaslighting! I for one am amazed how you've managed to convince the masses that you are actually doing something for Canadians while stabbing us all in the back.
And the Brookfield contracts ! Sweet deals all over the world, building pipelines, rebuilding infrastructure, and using our CPP money to get it done at no risk to you, only to Canadians! That's astounding work my friend. Cap and destroy our own energy sector and oil independence and prosperity for a nation, while laundering away all
The money you need to make solid investments overseas is world renowned! Other countries thank you. Good job Mark
And the safety improvements — wow. Streets have never been calmer. You can now confidently walk past open-air drug use, random screaming matches, and bike chop shops knowing everything is totally under control. The fentanyl crisis? Basically solved. The homelessness crisis? Completely handled. There are only rows and rows of tents, which is obviously just modern minimalist housing.
The crime situation has also improved dramatically. Nothing reassures citizens more than seeing repeat offenders released faster than a drive-thru order. It really keeps things exciting. Who doesn't love a little unpredictability on their commute? Keeps the adrenaline pumping.
And finally, thank you for making life in general so affordable. Gas hovering around $1.80–$2.10/L, insurance climbing, utilities up 30–40%, and somehow everyone still expected to smile and say "things are improving." The financial gymnastics required just to exist are truly inspiring.
From the bottom of all Canadians' hearts, thank you for this stunning 180. Housing has never been more affordable, groceries have never been cheaper, taxes have never been lower, and the streets have never been safer. Everything is perfect. Absolutely flawless. No notes.
Warmest regards,
A financially thriving Canadian
P.S. If you could also fix interest rates, rent increases, groceries, crime, healthcare wait times, and wages while you systematically disarm us but like, don't rush. You've already done so much, for Brookfiel. I mean Canada
I just wanted to extend a heartfelt thank you for completely solving the housing crisis. It's incredible. Studio apartments are now only $3,000 a month, bedrooms in someone's basement are a steal at $1,850, and a modest one-bedroom is a jaw-dropping bargain at $3,700. Truly affordable living. I especially appreciate how owning a home now only requires a $180,000 down payment and a small, manageable $4,900/month mortgage. Homeownership has never been more within reach.
Also, thank you for fixing the cost of living. Groceries are unbelievably cheap now. Eggs at $9.49, butter at $8.99, ground beef casually hovering around $14/lb — honestly, I'm saving so much money I don't even know what to do with it. I went in for milk and bread and only spent $97, which is basically nothing these days. What a time to be alive.
The tax relief has been phenomenal too. Keeping almost half of my paycheck is just incredible. I absolutely love watching 40–50% disappear before I even see it — it really builds character. Nothing says financial freedom like calculating whether you can afford both rent and food in the same month. Taxes have truly never felt lower.
And the foreign aid, money laundering situation overseas is amazing! Sending $100 million dollars to gender neutral water treatment studies in Uganda is so beneficial and essential to Canadians survival. Or the $62 billion dollars sent to the laundromat in the Ukraine, to the corrupt regime buying mansions and yachts is an amazing benefit for swindling away all of our tax dollars, while we freeze and starve.
Also thank you for lobbying for more, foreign workers to have jobs that we subsidized over 70% of their wages with our tax dollars, so our kids can't get jobs to support their growth.
And even more so thank you for providing Indian students in India with another $100 million in scholarships, while completly ignoring Candian students. I don't think my children wanted to go to college and university and further their futures with some assistance with skyrocketing tuitions here in Canada.
Additionally the corruption ! Wow isn't that the best part of being Canadian. Working our hearts out daily, so you and your billionaire elite friends can milk 75 % of Canadians money in taxes, so you can steal it all and benefit yourselves and impoverish us at the same time. This is next level narcissism. The gaslighting program and CBC funded propaganda is doing wonders on most Canadians that still think you are amazing while you loot the country dry, and they keep willingly handing you money!
That's next level gaslighting! I for one am amazed how you've managed to convince the masses that you are actually doing something for Canadians while stabbing us all in the back.
And the Brookfield contracts ! Sweet deals all over the world, building pipelines, rebuilding infrastructure, and using our CPP money to get it done at no risk to you, only to Canadians! That's astounding work my friend. Cap and destroy our own energy sector and oil independence and prosperity for a nation, while laundering away all
The money you need to make solid investments overseas is world renowned! Other countries thank you. Good job Mark
And the safety improvements — wow. Streets have never been calmer. You can now confidently walk past open-air drug use, random screaming matches, and bike chop shops knowing everything is totally under control. The fentanyl crisis? Basically solved. The homelessness crisis? Completely handled. There are only rows and rows of tents, which is obviously just modern minimalist housing.
The crime situation has also improved dramatically. Nothing reassures citizens more than seeing repeat offenders released faster than a drive-thru order. It really keeps things exciting. Who doesn't love a little unpredictability on their commute? Keeps the adrenaline pumping.
And finally, thank you for making life in general so affordable. Gas hovering around $1.80–$2.10/L, insurance climbing, utilities up 30–40%, and somehow everyone still expected to smile and say "things are improving." The financial gymnastics required just to exist are truly inspiring.
From the bottom of all Canadians' hearts, thank you for this stunning 180. Housing has never been more affordable, groceries have never been cheaper, taxes have never been lower, and the streets have never been safer. Everything is perfect. Absolutely flawless. No notes.
Warmest regards,
A financially thriving Canadian
P.S. If you could also fix interest rates, rent increases, groceries, crime, healthcare wait times, and wages while you systematically disarm us but like, don't rush. You've already done so much, for Brookfiel. I mean Canada
Posted by Herman
- April 06, 2026, 05:55:31 PMCanada is done. Pretending otherwise changes nothing. No one can show me a real path under the Liberals that fixes this country.
Posted by Herman
- April 06, 2026, 05:51:00 PMCanada is on steady downhill slide.
From the envy of the world to the frickin trash heap.
From the envy of the world to the frickin trash heap.
Posted by Herman
- March 22, 2026, 08:23:31 PM
Barry Tuttle
And that's exactly why the liberals don't want pipelines... they want the country to go completely bankrupt so they can sell the place to India and China for next to nothing.
Posted by Herman
- March 22, 2026, 08:22:12 PM𝗧𝗵𝗶𝘀 𝗶𝘀 𝘄𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝘁𝗮𝘅, 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗲, 𝗮𝗻𝗱 𝗽𝗲𝗻𝗮𝗹𝗶𝘇𝗲 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝗳𝗼𝗿 𝗮 𝗱𝗲𝗰𝗮𝗱𝗲. 𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗮𝗺𝗯𝗶𝘁𝗶𝗼𝘂𝘀 𝗽𝗲𝗼𝗽𝗹𝗲 𝗱𝗼𝗻'𝘁 𝘀𝘁𝗮𝘆 𝗮𝗻𝗱 𝗳𝗶𝗴𝗵𝘁 𝘁𝗵𝗲 𝘀𝘆𝘀𝘁𝗲𝗺. 𝗧𝗵𝗲𝘆 𝗹𝗲𝗮𝘃𝗲.
Trudeau spent ten years building a country that the most capable Canadians didn't want to live in. The voters just replaced him with the former Governor of the Bank of Canada — an architect of the same economic regime — and called it change.
Canada doesn't have a GDP problem. It has a trust problem. And talented people vote with their feet.
Including myself, this governments excessive intervention is creating barriers for individuals and businesses trying to grow.
This is counterproductive, as it puts those working to get ahead at a disadvantage rather than enabling their success.
Why stay to have nothing? High earners. Like do just that or leave.
Wake up.
Posted by Herman
- March 22, 2026, 08:20:58 PMA new Bank of Canada study confirms what many have been warning about for years. The GDP per capita collapse isn't just about bad policy or pandemic math. It's about who is leaving.
Roughly 40% of Canadians who would rank in the top 1% of earners have emigrated to the United States. Another 30 to 50% of the next tier? Gone too. These aren't people who left because they failed. They are more educated than native-born Americans. They earn more. They cluster disproportionately in the top income brackets of every city they move to.
𝗖𝗮𝗻𝗮𝗱𝗮 𝗶𝘀 𝗿𝘂𝗻𝗻𝗶𝗻𝗴 𝗮 𝗵𝘂𝗺𝗮𝗻 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗿𝗮𝗱𝗲 𝗱𝗲𝗳𝗶𝗰𝗶𝘁 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀 — 𝗮𝗻𝗱 𝗹𝗼𝘀𝗶𝗻𝗴 𝗯𝗮𝗱𝗹𝘆.
Here's what that flight left behind. GDP per capita that grew 3.2% over ten years while the United States grew 20.2%. Canada fell below the OECD average for the first time in recorded history. Food bank usage doubled since 2019. Healthcare wait times hit 28.6 weeks — the second-longest ever recorded. Canada's World Happiness ranking collapsed from 5th in 2012 to 25th today. Young Canadians under 25 rank 71st globally in happiness.
And the government's response to a decade of this? Expand public spending from 38% to 45% of GDP. More bureaucrats. More transfers. More deficit financing. More government with fewer results — because the people whose taxes once funded all of it have moved to Austin and Miami and Seattle.
Roughly 40% of Canadians who would rank in the top 1% of earners have emigrated to the United States. Another 30 to 50% of the next tier? Gone too. These aren't people who left because they failed. They are more educated than native-born Americans. They earn more. They cluster disproportionately in the top income brackets of every city they move to.
𝗖𝗮𝗻𝗮𝗱𝗮 𝗶𝘀 𝗿𝘂𝗻𝗻𝗶𝗻𝗴 𝗮 𝗵𝘂𝗺𝗮𝗻 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗿𝗮𝗱𝗲 𝗱𝗲𝗳𝗶𝗰𝗶𝘁 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀 — 𝗮𝗻𝗱 𝗹𝗼𝘀𝗶𝗻𝗴 𝗯𝗮𝗱𝗹𝘆.
Here's what that flight left behind. GDP per capita that grew 3.2% over ten years while the United States grew 20.2%. Canada fell below the OECD average for the first time in recorded history. Food bank usage doubled since 2019. Healthcare wait times hit 28.6 weeks — the second-longest ever recorded. Canada's World Happiness ranking collapsed from 5th in 2012 to 25th today. Young Canadians under 25 rank 71st globally in happiness.
And the government's response to a decade of this? Expand public spending from 38% to 45% of GDP. More bureaucrats. More transfers. More deficit financing. More government with fewer results — because the people whose taxes once funded all of it have moved to Austin and Miami and Seattle.
Posted by Herman
- March 21, 2026, 09:08:41 PM
Posted by Herman
- March 20, 2026, 03:36:04 PMIs this what "elbows up" was all about?
Posted by Herman
- March 20, 2026, 03:35:30 PMCanada has failed the next generation. In the 2026 World Happiness Report, people under 25 in Canada fell to 71st out of 136 countries.
Posted by DKG
- March 20, 2026, 08:13:00 AMMark Carney's has an uncanny ability to trick people into believing he is fiscally responsible as well as a shrewd negotiator. Nothing could be further from the turth.
Carney is as irresponsible with our money as his predecessor. Actually he is more incompetant than Trudeau. And he has Canada on a path similar to what we were in during the early 1990's facing a debt reckoning.
This editorial was written by Lorrie Goldtein of the Toronto Sun.
Study accuses Carney Liberals of 'substantially' worsening federal finances
Combined deficits from 2025-26 to 2029-30 will total $321.7 billion, compared to $154.4 billion projected by Trudeau
Prime Minister Mark Carney plans to spend more and run deficits more than twice as large over the next five years compared to those planned by the previous Liberal government, according to a new study by the Fraser Institute.
As a result, Carney's combined deficits are projected to total $321.7 billion from 2025-26 to 2029-30 — $167.3 billion higher than the $154.4 billion former prime minister Justin Trudeau was projected to spend during the same period, according to the report by the fiscally conservative think-tank.
The study says that will increase the total federal debt to a projected $2.9 trillion in 2029-30 or 79% of GDP.
In addition to running higher deficits, the Fraser Institute report says the Carney government plans to increase spending by $67.6 billion over five years compared to the Trudeau government's projections — $47.8 billion more for new programs and $19.8 billion more for servicing the debt.
Carney vowed 'different approach' to spending
This despite expecting slower total annual revenue growth from 2024-25 to 2029-30 of 14.2% or $72.3 billion, compared to 19.9% or $101.8 billion projected under Trudeau.
The study — "Comparing Federal Fiscal Plans: Is the Carney Government Truly Taking a Different Approach than its Predecessor? — is based on a comparison of the Trudeau government's last fall economic statement or "mini-budget" in December 2024 and Carney's first budget in November 2025.
"During the 2025 election, the Carney government promised to take a very different approach to federal finances than its predecessor," said study co-author Jake Fuss, noting Carney criticized Trudeau for "spending too much."
"But based on his first budget, spending is higher and deficits are double what even Trudeau planned to spend, which substantially worsens the state of federal finances."
Spending 'inappropriately' shifted?
The study is also critical of how Carney's budget divides government spending into operational spending — the cost of running the government — and capital spending on new infrastructure, while projecting a balanced operating budget by 2028-29.
While this is sensible in theory, the Fraser Institute study notes, the Parliamentary Budget Office has reported that 30% or $94 billion of the capital spending proposed in Carney's budget isn't, in fact, capital spending, but increased operating spending that may or may not lead to the creation of new assets.
"Simply put, nearly a third of the Carney government's planned capital investments should not be considered as such and instead represent operating spending or tax credits that have been inappropriately shifted over to the capital side of the budget," the Fraser Institute report says.
"Correcting this miscalculation shows that the Carney government is set to fall short of its commitment to balance operating spending against revenues."
Carney is as irresponsible with our money as his predecessor. Actually he is more incompetant than Trudeau. And he has Canada on a path similar to what we were in during the early 1990's facing a debt reckoning.
This editorial was written by Lorrie Goldtein of the Toronto Sun.
Study accuses Carney Liberals of 'substantially' worsening federal finances
Combined deficits from 2025-26 to 2029-30 will total $321.7 billion, compared to $154.4 billion projected by Trudeau
Prime Minister Mark Carney plans to spend more and run deficits more than twice as large over the next five years compared to those planned by the previous Liberal government, according to a new study by the Fraser Institute.
As a result, Carney's combined deficits are projected to total $321.7 billion from 2025-26 to 2029-30 — $167.3 billion higher than the $154.4 billion former prime minister Justin Trudeau was projected to spend during the same period, according to the report by the fiscally conservative think-tank.
The study says that will increase the total federal debt to a projected $2.9 trillion in 2029-30 or 79% of GDP.
In addition to running higher deficits, the Fraser Institute report says the Carney government plans to increase spending by $67.6 billion over five years compared to the Trudeau government's projections — $47.8 billion more for new programs and $19.8 billion more for servicing the debt.
Carney vowed 'different approach' to spending
This despite expecting slower total annual revenue growth from 2024-25 to 2029-30 of 14.2% or $72.3 billion, compared to 19.9% or $101.8 billion projected under Trudeau.
The study — "Comparing Federal Fiscal Plans: Is the Carney Government Truly Taking a Different Approach than its Predecessor? — is based on a comparison of the Trudeau government's last fall economic statement or "mini-budget" in December 2024 and Carney's first budget in November 2025.
"During the 2025 election, the Carney government promised to take a very different approach to federal finances than its predecessor," said study co-author Jake Fuss, noting Carney criticized Trudeau for "spending too much."
"But based on his first budget, spending is higher and deficits are double what even Trudeau planned to spend, which substantially worsens the state of federal finances."
Spending 'inappropriately' shifted?
The study is also critical of how Carney's budget divides government spending into operational spending — the cost of running the government — and capital spending on new infrastructure, while projecting a balanced operating budget by 2028-29.
While this is sensible in theory, the Fraser Institute study notes, the Parliamentary Budget Office has reported that 30% or $94 billion of the capital spending proposed in Carney's budget isn't, in fact, capital spending, but increased operating spending that may or may not lead to the creation of new assets.
"Simply put, nearly a third of the Carney government's planned capital investments should not be considered as such and instead represent operating spending or tax credits that have been inappropriately shifted over to the capital side of the budget," the Fraser Institute report says.
"Correcting this miscalculation shows that the Carney government is set to fall short of its commitment to balance operating spending against revenues."