Wednesday, July 1, 2020

The Game Should Be Up for Justin On His Conflict Laden Charitable Donations On behalf of the Government of Canada (Us Taxpayers), But Ethics Commission and Parliament Are Shut Down Right Now

Another ethics breaking episode of "will we ever know"

https://nationalpost.com/news/politics/we-charity-boss-said-pmo-called-to-award-900m-student-grant-program-day-after-it-was-announced/wcm/879b40a4-5571-4caa-b4d8-2d15303db28a/

During COVID19 the US Border May Have Been Restricted But Was NEVER Cut Off or Shut Down

National Post: Hundreds of thousands of U.S. visitors are still crossing border into Canada each week.

"...Cross-border asylum seekers have also slowed to a trickle.

Fifty-nine people crossed into Canada from the United States seeking refugee protection between March 21 and June 22, according to CBSA; 51 of them were irregular asylum seekers, meaning they did not cross at a legal border port.

Almost all were turned back to the United States; just five — all of whom presented at a formal border point — were allowed to proceed with their claims.

Of the 51 irregular border crossing, 41 were into Quebec and 10 into British Columbia..."

Monday, June 29, 2020

Liberal Unaccountability - Let Us Count the Ways

It is no secret the handouts being doled out by the Liberals have provided much needed financial resources to a broad base of Canadians.  However, it is clear that the focus has been on younger (potenially future Liberal) voters with so many dollars thrown at them, for such a demographic that lacks financial obligations, has existing shelter and resources.  Meanwhile, seniors are still waiting on their $300 cheque, the demographic that has paid an entire career's worth of taxes and beyond into their retirements!

This blatant favouritism I cannot believe more Canadians are not discussing this.  With Sophie as "an Ambassador" and Justin admittedly having done work for WE previously, the conflicts around this are endless.

"...“When the Federal Government ‘outsources’ the delivery of a grant program it effectively does an end run around transparency and Parliament as NGO’s are not subject to the same federal ATIP information requirements . This is deeply concerning,” Conservative MP Dan Albas tweeted.

“$900 Million. Journalists cannot use ATIP. MPs cannot review this spending at committee. The Auditor General will not be able to audit it. Trudeau Liberals will not even disclose the contract details. So much is wrong here,” he added on social media Friday.."

https://nationalpost.com/news/politics/trudeau-says-charity-with-ties-to-him-and-his-wife-only-one-that-could-run-covid-19-student-volunteer-grant-program/wcm/ffefc862-60ba-4085-aeb2-4eddb8fcc547/

Friday, June 26, 2020

US$0.60 Loonie? We May Not Be So Lucky In the Future

With deficits ballooning and the gall of Canadians on the rise spending, day trading, betting their CERB payments on the rise, what does all this mean for the future?

The party is on for now but there is a huge hangover coming when Canada wakes up one morning.

"...It’s not just the debt, either, but the denominator, which is national income, which threatens to take the ratio of liabilities to GDP further into the stratosphere. Yes, interest rates are close to 0 per cent, but they won’t be there forever and there is this other not-so-little thing called the principal that still has to get repaid. It will be interesting to see how a central bank that does not govern over the world’s reserve currency and a country with a massive balance-of-payments deficit will be able to have all of this largesse find its way onto the BoC balance sheet — and the rampant money supply growth this will engender — without jeopardizing global investor confidence in the relative value of the Canadian dollar, which I believe will not end up bottoming until it hits 60 cents (U.S.). And as bold as that sounds, it may end up proving to be a conservative forecast..."

https://business.financialpost.com/investing/investing-pro/david-rosenberg-why-i-saw-a-credit-downgrade-in-canadas-future-months-ago

Wednesday, June 24, 2020

Financial Post: The theory of immigrants and foreign investors driving Canada's property market is about to be tested.

"....There are approximately 640,000 international students in Canada — over 50 per cent of them are Chinese and Indian nationals who make up a significant part of the rental market in Canada’s largest cities. In a typical summer season, tens of thousands of new foreign students, landed immigrants and non-permanent residents looking for work arrive in Canada, seeking some kind of housing, either to rent or buy..."

"...In April, the numbers of permanent residents admitted to Canada declined by 80 per cent from the year prior — just 4,140 were processed and admitted compared to 26,900 in April 2019, according to Immigration, Refugees and Citizenship Canada...."

Saturday, June 20, 2020

It Was All In The Timing: Trudeau's Insecurity Over The UN Security Council

“I think this also indicates the decline of influence of the Trudeau brand, possibly impacted by previous incidents such as the India state visit and the blackface revelations,” he said.

Shuvaloy Majumdar, a senior fellow at the MacDonald Laurier Institute and former adviser on foreign policy in Stephen Harper’s conservative government, said, “It’s really the biggest embarrassment (Trudeau) will suffer in his prime minister-ship in Canada, particularly on international affairs.”

http://nationalpost.com/news/politics/trudeau-blames-failed-un-security-council-bid-on-late-entry-to-race-others-blame-superficial-foreign-policy