To go back in time and end our reliance on US exports, maybe make a business case for LNG exports to Europe a few years ago when they were begging for it?
We had the second worst GDP growth in the 38 OECD countries since Trudeau was elected which was below inflation, negative productivity growth the last few years, and youre telling me some nonsense that debt doesn't matter and that programs funding non-infrastructure spending don't need to be funded.
Is it an aversion to taxing the rich and increasing capital gains taxes?
One theory is Trudeau put in a clearly unpopular capital gains tax policy and blew past the budget to have Freeland blame him was all preordained in order to elect Carney as the savior, who is a climate change advocate who will appear progressive enough to push a pipeline through Quebec using this constitutional crisis. In order to lower reliance on Russian energy globally, since we cant get a pipeline for LNG overseas exports any other way, given how provincial powers work in Canada.
The last 15 years Alberta contributed 240b to Ottawa while Quebec received 327b, if Alberta leaves as a tariff wipes out Quebecs industries its obviously leaves them with no choice. Cons obviously cant push a pipeline either, given Quebecs hatred of the Cons.
If the war in Russia ends oil floods the market, we have deflation, and the bonds will be bought in order to ride the yield curve. Which is something to consider assuming he gets it done.
I'm wouldnt be too happy about Pierre either, I only give him a 2/10 because he would slow immigration, which I think needs to match housing because I'm not a sociopath and care about more than just propping up non-per capita GDP growth.
Well when the polling was that bad its generally a bad look to be the sole thing propping it up, hence how they lost official party status. They also somehow didnt see Trudeau raising capital gains taxes to turn boomers against him, blowing through the budget so Freeland could create fake drama blaming Trudeau, and setting things up so Carney could come in as a savior to keep the party in power.
Everyone is so mad at the cons who havent held power for a decade, meanwhile the party that won was ordering unions back to work and importing UN wage slaves to depress salaries, as they borrow money to buy half of all mortgage bonds to provide more full recourse loans to for-profit banks to extort the population during a clearly deliberate housing crisis.
I think that the capital gains tax hike Carney already rolled back was all a ploy to win the election, as was Freelands fake outrage over the massive budget overage. The party that won is just an entity that scams the population to continue to rob the poor; who knew Trudeau's best before date was expiring, and orchestrated Trudeau's further unpopularity in order to bring in a savior to roll it all back and promise to restore fiscal sanity. Yet everyone is here clapping about our current situation while we literally have no labor party, after the NDP likely intentionally destroyed itself via a rich lawyer in a rolex, who hasnt raised taxes on the rich a solitary dime to fund anything despite holding the entire balance of power in his hands.
Canada is screwed, we've been scammed again. The rich orchestrated all of this, and nothing about the Liberals plans have changed; the immigration numbers are the same as planned, the spending is the same, the entire cabinet is the same. The wealth inequality will continue to grow, and if you're poor you'll get to keep your unfunded dental checks while your cost of living continues to rise far more than the scraps you are given.
The most clear proof is you've never heard Carney talk about the housing crisis prior to the election, you've never heard him say a single word against forcing unions back to work, never made mention of the insane spending or negative per capita GDP growth, it was radio silence as all these terrible things happened. The most progressive thing he did was make millions promoting ESG for Brookfield to sell investments at an inflated markup, because Brookfield is an alternative investment corporation, no different than Blackrock whose fees are also significantly higher on ESG funds they promote.
You could too, you just need to borrow from the future, with interest. The poor of the future will be screwed by austerity, in order to save the rich from higher taxes, we've already rolled back the capital gains tax over 250k.
The cost of homes is mostly land value, which is like 80%-90% in large cities. Because of sprawled zoning, bureaucracy, and greenbelt. Second biggest cost is taxes.
If they funded it with taxes I would give them props. Future austerity with interest is an unsustainable program used only to drive short term votes, and is nothing like our universal healthcare, which was fully funded from the start so that it lasts.
I do Ghostfolio for my stocks. Though I paid for it to support development, its quite cheap.