Quote from: Herman on July 05, 2025, 01:30:42 PMIt's what sank Argentina. On top of that we have the Liberals and big business colluding to keep immigration levels sky high and wages in the shitter.

Not all big business. A lot of slimy franchise owners of under 10 stores. Solid Liberal backers though. As long as the Grits keep the cheap foreign labour coming.

Quote from: Shen Li on July 05, 2025, 01:25:43 AMMassive Canadian deficits are the new norm. Combine that with the deficits the provinces are running and Canadians are the most in debt developed nation and it does not bode well for Canada's future.

It's what sank Argentina. On top of that we have the Liberals and big business colluding to keep immigration levels sky high and wages in the shitter.

Quote from: Herman on July 04, 2025, 04:52:27 PMConman Carney aint much of a businessman. He much of a pm either.

If it ain't bad enough that folks in Canada are the most debt-ridden of advanced economy, the federal government is running massive deficits.

The Carney government is poised to post a massive deficit of more than $92 billion during this fiscal year, a new report from a well-respected financial think tank projects, almost double what was forecast just a few months ago by a non-partisan arm of the government. 

The report, from the C.D. Howe Institute, also forecasts deficits of more than $77 billion a year over the next four years, also huge increases over what had been expected. If this fiscal year's deficit turns out to be as hefty as projected, it would be the second-largest deficit in Canadian history, topped only by the $327.7 billion shortfall from the pandemic year of 2020-21.

Based on the most current and largely optimistic variables, the report says, federal deficits will remain above $71 billion during each of the following three years and in the fiscal year 2028-29 will be greater than three times what the government itself forecast in its most recent federal budget. 

But more likely, the report says, it will likely be a bit worse than that because the report's authors say that they're skeptical that all of the government's plans to increase revenue through promised higher fines, penalties and savings will actually occur. 

"It is widely accepted that Canada's economy is at a critical crossroads," the C.D. Howe economists write. "So are Canada's finances – beyond the economic drag of high deficits and rising debt, it is unfair to pass these burdens on to the current young and future generations."

Massive Canadian deficits are the new norm. Combine that with the deficits the provinces are running and Canadians are the most in debt developed nation and it does not bode well for Canada's future.

Conman Carney aint much of a businessman. He much of a pm either.

If it ain't bad enough that folks in Canada are the most debt-ridden of advanced economy, the federal government is running massive deficits.

The Carney government is poised to post a massive deficit of more than $92 billion during this fiscal year, a new report from a well-respected financial think tank projects, almost double what was forecast just a few months ago by a non-partisan arm of the government. 

The report, from the C.D. Howe Institute, also forecasts deficits of more than $77 billion a year over the next four years, also huge increases over what had been expected. If this fiscal year's deficit turns out to be as hefty as projected, it would be the second-largest deficit in Canadian history, topped only by the $327.7 billion shortfall from the pandemic year of 2020-21.

Based on the most current and largely optimistic variables, the report says, federal deficits will remain above $71 billion during each of the following three years and in the fiscal year 2028-29 will be greater than three times what the government itself forecast in its most recent federal budget. 

But more likely, the report says, it will likely be a bit worse than that because the report's authors say that they're skeptical that all of the government's plans to increase revenue through promised higher fines, penalties and savings will actually occur. 

"It is widely accepted that Canada's economy is at a critical crossroads," the C.D. Howe economists write. "So are Canada's finances – beyond the economic drag of high deficits and rising debt, it is unfair to pass these burdens on to the current young and future generations."

Andrew Coyne of all people wrote this about the G7 and Carney hosting it.

The G7, Coyne wrote, has got to go with a capital G.

"The summit of the Group of Seven is over, but really it was over long before its official ending. It was over before Donald Trump walked out part way through. If you want to know the truth, it was over before it began," he began."
(Trump) left ostensibly because he had pressing business to attend to re Iran. More likely he was just bored by the sheer pointlessness of it all. I can't say I blame him," he concluded.

It's the kind of robust truth-telling thriving journalism cultures nourish and thereby flourish within. Writing in Britain's The Telegraph, Daniel Johnson asserted that the Canadian cock-up in Kananaskis signaled nothing less than "the demise of European power." Complementing Coyne, Johnson, too, noted the two-day gathering of international leaders was "over before it started" because the American president bailed after dinner on Day One.
"Blink and you miss it," he wrote.
His principal point was that no one on the international scene will truly miss these hyperinflated gatherings of the good and the great because at least six of the leaders are no longer good for much anymore, nor worth a great deal of anyone's attention span.

"A huge shift of economic, political and military power away from Europe to other continents has left the G7 looking like a convocation of imposters, masquerading as statesmen. European politicians have lived for too long in a fantasy world of which these annual summits are the window dressing," Johnson wrote.

Quote from: Lokmar on June 24, 2025, 11:30:03 AMYou guys will have to attack your leaders before it changes. Either that, or you'll all be living in mud hutts covering up with animal skins.

The RCMP issued an internal document where they believe poverty will become so widespread there will be mass civil unrest. The Liberal Party is doing their best to prove the Mounties correct.

Quote from: DKG on June 24, 2025, 10:44:39 AMQuebec is phasing out ICE auto parts starting in 2030. That will be next at the federal level.

How wonderful for them. Will they also be phasing out the equalization payments from certain provinces whose natural resource wealth will be affected? Because I have my doubts.

Quote from: DKG on June 24, 2025, 10:44:39 AMQuebec is phasing out ICE auto parts starting in 2030. That will be next at the federal level.

You guys will have to attack your leaders before it changes. Either that, or you'll all be living in mud hutts covering up with animal skins.

Quote from: formosan on June 23, 2025, 11:55:05 AMIt's supposed to begin in 2026.....I'll have to make my Nissan Sentra last.....Mark Carney will not let me buy another one.

Quebec is phasing out ICE auto parts starting in 2030. That will be next at the federal level.

Quote from: DKG on June 23, 2025, 11:40:46 AMIf Mark Carney was an actual businessman instead of an installed WEF boss of a fake company like Brookfield, he'd know that government cannot force market transitions.

If EV's were better than ICE vehicles Canadians would be the judge of that with what they purchase. That is not happening.

It's supposed to begin in 2026.....I'll have to make my Nissan Sentra last.....Mark Carney will not let me buy another one.

If Mark Carney was an actual businessman instead of an installed WEF boss of a fake company like Brookfield, he'd know that government cannot force market transitions.

If EV's were better than ICE vehicles Canadians would be the judge of that with what they purchase. That is not happening.

Mark Conman Carney may be the single biggest fraud in Canadian history.

Quote from: Mark Carney on May 14, 2025, 01:23:57 PMThey are so easily manipulated. Getting their votes was like taking candy from a baby.

They forgot how bad the past decade was.

Quote from: Herman on May 13, 2025, 07:36:08 PMYou pulled the wool over the eyes of Eastern dummies. You could have used tissue paper.

They are so easily manipulated. Getting their votes was like taking candy from a baby.

Quote from: Mark Carney on May 13, 2025, 05:46:40 PMI took credit for Canada's superior performance during the financial crisis not Finance Minister Jim Flaherty and they believed it.

You pulled the wool over the eyes of Eastern dummies. You could have used tissue paper.