R.I.P to the great Charlie Kirk!

QuoteCapital flight signals no confidence in Carney's agendahttps://torontosun.com/opinion/columnists/goldberg-capital-flight-signals-no-confidence-in-carneys-agenda
Between bad trade calls and looming deficits, Canada is driving money out just when it needs it most.
Canadians voted for relative continuity in April, but investors voted with their wallets, moving $124 billion out of the country.
According to the National Bank, Canadian investors purchased approximately $124 billion in American securities between February and July of this year. At the same time, foreign investment in Canada dropped sharply, leaving the country with a serious hole in its capital base.
As Warren Lovely of National Bank said, "With non-resident investors aloof and Canadians adding foreign assets, the country has suffered a major capital drain" — one he called "unprecedented."
Why is this happening?
One reason is trade. Canada adopted one of the most aggressive responses to U.S. President Donald Trump's tariff agenda. Former prime minister Justin Trudeau not only imposed retaliatory tariffs on the United States but escalated tensions further by targeting goods covered under the Canada–United States–Mexico Agreement (CUSMA), something even the Trump administration avoided.
The trade story alone explains much of the exodus, but fiscal policy is another concern. Interim parliamentary budget officer Jason Jacques recently called Ottawa's approach "stupefying" and warned that Canada risks a 1990s-style fiscal crisis if spending isn't brought under control. During the 1990s, ballooning deficits forced deep program cuts and painful tax hikes. Interest rates soared, Canada's debt was downgraded and Ottawa nearly lost control of its finances. Investors are seeing warning signs that history could repeat itself.
Deficits of that scale matter. They can drive up borrowing costs, leave less room for social spending and undermine confidence in the country's long-term fiscal stability. For investors managing pensions, RRSPs or business portfolios.
Canada's balance sheet now looks shaky compared to the U.S. economy.
Add in high taxes, heavy regulation and interprovincial trade barriers and the picture grows bleaker.
The Carney government needs to take this unprecedented capital drain seriously. Investors are not acting on a whim. They are responding to structural problems — ill-advised trade actions, runaway federal spending and persistent barriers to growth — that Ottawa has yet to fix.
In the short term, that means striking a deal with Washington to lower tariffs and restore confidence that Canada can maintain stable access to U.S. markets. It also means resisting the urge to spend Canada into deeper deficits when warning lights are already flashing red. Over the long term, Ottawa must finally tackle high taxes, cut red tape and eliminate the bureaucratic obstacles that stand in the way of economic growth.
Capital has choices. Right now, it is voting with its feet and with its dollars and heading south. If Canada wants that capital to come home, the government will have to earn it back.

Quote from: Thiel on November 17, 2025, 12:57:39 PMJo Jo, I know how hard you try to get the attention of posters here and yet those meanies continue to ignore you. Sweetie, you have my word I will never do that.Jesus H I laughed so hard my gut hurt when I saw working folks showing the prog Conman what they think of him.
Mr. Carney was booed at yesterday's CFL championship while doing what he does best - throwing away other people's money.
https://www.youtube.com/watch?v=azZgSY3pV-I
Quote from: Shen Li on November 16, 2025, 10:44:49 PMThis video is not that long. Watch it.
This ugly white British guy is no conservative either. He has tapped into why so many skilled immigrants and Canadian born are looking for trading Canada for freer countries that want their citizens to succeed.
https://www.youtube.com/watch?v=YeAHGpq8DMA

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