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/
Showing posts with label @cdnbiz. Show all posts
Showing posts with label @cdnbiz. Show all posts
Monday, June 29, 2020
Wednesday, March 20, 2019
Surprise, Surprise! A Federal Budget For Everyone! Spend, Spend, Spend! More Debt, More Debt, More Debt!
More taxes to come down the road to pay for all of this. It makes striving to be a teacher or a governemnt worker looking like the only way to "get ahead" in Trudeau terminology with a decent pension at the end of the day rathter being in the private sector and being taxed to pay for Canada's largest employer - Canadian Government.
https://www.bloomberg.com/news/articles/2019-03-19/trudeau-spends-budget-windfall-on-laundry-list-for-voters?srnd=premium-canada
https://business.financialpost.com/news/economy/liberals-leave-themselves-little-wiggle-room-in-the-event-of-a-recession?video_autoplay=true
https://business.financialpost.com/news/economy/this-years-federal-budget-is-built-for-voters-not-business?video_autoplay=true
https://business.financialpost.com/opinion/another-sprawling-unfocused-budget-and-so-little-to-show-for-all-the-red-ink?video_autoplay=true
https://business.financialpost.com/transportation/autos/federal-budget-2019-electric-car-buyers-get-boost-with-5000-incentive-for-consumers-and-tax-write-offs-for-business
https://nationalpost.com/opinion/chris-selley-a-federal-budget-2019-from-a-government-that-has-abandoned-its-poetic-phase?video_autoplay=true
https://nationalpost.com/opinion/andrew-coyne-this-budget-is-a-testament-to-the-pleasures-of-endless-growth-federal-budget-2019?video_autoplay=true
https://nationalpost.com/news/politics/federal-budget-2019-everything-you-need-to-know?video_autoplay=true
https://nationalpost.com/news/politics/jobs-for-dogs-safe-space-regulatory-sandboxes-and-other-curiosities-from-the-2019-federal-budget?video_autoplay=true
https://nationalpost.com/news/politics/liberals-promise-billions-for-dairy-chicken-farmers-affected-by-trade-deals?video_autoplay=true
https://nationalpost.com/news/canada/federal-budget-2019-offers-first-time-home-buyers-a-break-with-1-25-billion-in-mortgage-relief?video_autoplay=true
https://www.bloomberg.com/news/articles/2019-03-19/trudeau-spends-budget-windfall-on-laundry-list-for-voters?srnd=premium-canada
https://business.financialpost.com/news/economy/liberals-leave-themselves-little-wiggle-room-in-the-event-of-a-recession?video_autoplay=true
https://business.financialpost.com/news/economy/this-years-federal-budget-is-built-for-voters-not-business?video_autoplay=true
https://business.financialpost.com/opinion/another-sprawling-unfocused-budget-and-so-little-to-show-for-all-the-red-ink?video_autoplay=true
https://business.financialpost.com/transportation/autos/federal-budget-2019-electric-car-buyers-get-boost-with-5000-incentive-for-consumers-and-tax-write-offs-for-business
https://nationalpost.com/opinion/chris-selley-a-federal-budget-2019-from-a-government-that-has-abandoned-its-poetic-phase?video_autoplay=true
https://nationalpost.com/opinion/andrew-coyne-this-budget-is-a-testament-to-the-pleasures-of-endless-growth-federal-budget-2019?video_autoplay=true
https://nationalpost.com/news/politics/federal-budget-2019-everything-you-need-to-know?video_autoplay=true
https://nationalpost.com/news/politics/jobs-for-dogs-safe-space-regulatory-sandboxes-and-other-curiosities-from-the-2019-federal-budget?video_autoplay=true
https://nationalpost.com/news/politics/liberals-promise-billions-for-dairy-chicken-farmers-affected-by-trade-deals?video_autoplay=true
https://nationalpost.com/news/canada/federal-budget-2019-offers-first-time-home-buyers-a-break-with-1-25-billion-in-mortgage-relief?video_autoplay=true
Monday, November 19, 2018
Wylie Wednesday: Morneau Addressing Canada's Business Community
The Liberal spin machine is in overdrive again this time on the fiscal and finanical front. What two sided message will be sent that none of which will give any confidence to domestic AND foreign investment? With the election less than a year away, larger and more frequent promises (to be broken) were expected. May be the Liberals truly are out of ideas.
"...Trudeau’s finance chief, Bill Morneau, will unveil a fiscal update Wednesday in Ottawa that provides a shot at redemption after warnings about the country’s fading competitiveness. It will likely include incentives for capital investment but not an across-the-board reduction in corporate taxes.
The government has frustrated some business leaders with an agenda heavily focused on social issues and riled economists by running unnecessary deficits. Morneau’s last federal budget -- which punted infrastructure investments in favor of new program spending -- landed in February without a mention of U.S. tax reform despite calls to keep pace..."
https://www.bloomberg.com/news/articles/2018-11-19/trudeau-seeks-redemption-from-business-leaders-in-budget-update?srnd=premium-canada
Thursday, October 25, 2018
Canada's Former Finance Minister: A Voice of Reason
From a BNN interview today...
How competition is being killed in Canada through proposed carbon taxes, lack of pipelines as it relates to the very significant oil and gas industry and the depreciation practices in the USA that are attracting more foreign investment and capital expenditures.
Link to interview to be posted later...
How competition is being killed in Canada through proposed carbon taxes, lack of pipelines as it relates to the very significant oil and gas industry and the depreciation practices in the USA that are attracting more foreign investment and capital expenditures.
Link to interview to be posted later...
Friday, August 17, 2018
Monday, June 4, 2018
To The Finish - Ontario LIberals Are Still Out of Touch With Ontarians. The Liberals' Record Below...
I have tried to find a concise excerpt that would set the tone and give some sense to the magnitude of the gaffes, arrgonace, incompetence, values bending, financial absuridty and recklessness this provincial governnent has exuded over the years. However, that was impossible. Here is MOST of the article with all credit due to Financial Post author, Kelly McParland
http://nationalpost.com/opinion/kelly-mcparland-the-liberals-dont-know-why-wynne-is-unpopular-maybe-i-can-help-with-that#comments-area
"...Wynne ran as an upgrade from her predecessor, Dalton McGuinty. She didn’t like the scandals, the gas plant closings, the dirty little deals. She’d bring transparency and openness. She promised to be better, and didn’t deliver — not even close. She blatantly sold access to herself and her top cabinet members to the highest bidders, treating the payments as “donations.” When exposed she refused to back down until public pressure forced it on her. No one pays big bucks to politicians unless they expect something in return, and Wynne’s blatant use of her office to fill party coffers only exacerbated the cynicism and distrust that had grown up during the McGuinty years.
She pandered shamelessly to public-sector unions, especially the teachers’ unions that poured tens of millions of dollars into campaigns to keep her in office. To retain their support she used public funds to finance generous contracts, including millions of dollars quietly handed over to help the unions pay their negotiating costs. Her education minister didn’t ask for receipts, and — when caught — responded with a hauteur that came to be a government characteristic. “We know what the food costs. We know what 100 pizzas costs. You don’t need to see every bill when you’re doing an estimate of costs,” said Liz Sandals. They handed over the money despite learning the secondary school teachers had a $65 million reserve fund to pay bargaining costs. Did that sway Wynne’s ministers? Not a chance: Deputy Premier Deb Matthews admitted she was unaware of the fund, and wasn’t all that interested: “I don’t know if that fund exists. I don’t know what it’s for. I’m not going to comment on OSSTF finances,” she said.
Wynne’s government treated critics with disdain. When Auditor-General Bonnie Lysyk ruled that Liberals were breaking their own rules by using government advertisements to promote the party, Wynne took away her veto power. When both Lysyk and the Financial Accountability Office challenged the government’s budget math — suggesting they were off by billions of dollars — the premier ignored them. When Lysyk revealed a $2 billion hydro project had cost twice as much as expected, Energy Minister Bob Chiarelli suggested Lysyk was too dim to understand the complex issue — despite having spent 10 years at Manitoba Hydro. Such condescending behaviour by a non-Liberal would have had gender-sensitive Liberal “progressives” demanding resignations, but Chiarelli was a Liberal so the government let it go.
When she took over from McGuinty, Wynne stressed her concern over provincial finances. “It is obviously critical that we tackle the deficit and get to the point that we are paying down debt,” she said. Then her government racked up one staggering deficit after another, adding tens of billions of dollars to a debt that had already doubled under her predecessor. Finance Minister Charles Sousa insisted the government would eventually balance the budget, eventually claiming to have done so in the year before the election, but only by using accounting tricks that shifted tens of billions of dollars in borrowing off the official tally. Sousa pledged several more years of “balance,” then reversed himself 12 months later, announcing a return to borrowing so the Liberals could finance a raft of new spending promises in the weeks before the election.
Even then he couldn’t bring himself to be honest: the government’s projected $6.7 billion annual deficit was quickly shown to be $11.7 billion, with similar miscalculations stretching into the 2020s, eventually totalling as much as $50 billion. Lysyk, required by law to review the books before an election, found the numbers so dodgy she announced they couldn’t be trusted, and accused the government of deliberately hiding documents to keep her in the dark. It was a flagrant attempt to buy votes with borrowed money, so glaring that offended voters saw through the ruse and Liberal fortunes fell further. Yet it reflected once again the government’s astonishingly low opinion of is constituents, and its assumption they were too apathetic, ignorant or disengaged to know when they were being conned.
Throughout Wynne’s five years in office, her government regularly prioritized the well-being of the party over those of the province. Hydro One was sold off to produce some quick cash for transit projects, but at the cost of hundreds of millions of dollars in annual revenue produced by the provincial utility. The debt so relentlessly piled up by the government will impact voters for a generation to come: the $1 billion Ontario spends on interest payments every 30 days is the equivalent of a new hospital every month. When the government complains it lacks the resources to meet demands from doctors, colleges and universities, think of that monthly billion-dollar tab and what it could be doing if it wasn’t being spent on interest..."
http://nationalpost.com/opinion/kelly-mcparland-the-liberals-dont-know-why-wynne-is-unpopular-maybe-i-can-help-with-that#comments-area
"...Wynne ran as an upgrade from her predecessor, Dalton McGuinty. She didn’t like the scandals, the gas plant closings, the dirty little deals. She’d bring transparency and openness. She promised to be better, and didn’t deliver — not even close. She blatantly sold access to herself and her top cabinet members to the highest bidders, treating the payments as “donations.” When exposed she refused to back down until public pressure forced it on her. No one pays big bucks to politicians unless they expect something in return, and Wynne’s blatant use of her office to fill party coffers only exacerbated the cynicism and distrust that had grown up during the McGuinty years.
She pandered shamelessly to public-sector unions, especially the teachers’ unions that poured tens of millions of dollars into campaigns to keep her in office. To retain their support she used public funds to finance generous contracts, including millions of dollars quietly handed over to help the unions pay their negotiating costs. Her education minister didn’t ask for receipts, and — when caught — responded with a hauteur that came to be a government characteristic. “We know what the food costs. We know what 100 pizzas costs. You don’t need to see every bill when you’re doing an estimate of costs,” said Liz Sandals. They handed over the money despite learning the secondary school teachers had a $65 million reserve fund to pay bargaining costs. Did that sway Wynne’s ministers? Not a chance: Deputy Premier Deb Matthews admitted she was unaware of the fund, and wasn’t all that interested: “I don’t know if that fund exists. I don’t know what it’s for. I’m not going to comment on OSSTF finances,” she said.
Wynne’s government treated critics with disdain. When Auditor-General Bonnie Lysyk ruled that Liberals were breaking their own rules by using government advertisements to promote the party, Wynne took away her veto power. When both Lysyk and the Financial Accountability Office challenged the government’s budget math — suggesting they were off by billions of dollars — the premier ignored them. When Lysyk revealed a $2 billion hydro project had cost twice as much as expected, Energy Minister Bob Chiarelli suggested Lysyk was too dim to understand the complex issue — despite having spent 10 years at Manitoba Hydro. Such condescending behaviour by a non-Liberal would have had gender-sensitive Liberal “progressives” demanding resignations, but Chiarelli was a Liberal so the government let it go.
When she took over from McGuinty, Wynne stressed her concern over provincial finances. “It is obviously critical that we tackle the deficit and get to the point that we are paying down debt,” she said. Then her government racked up one staggering deficit after another, adding tens of billions of dollars to a debt that had already doubled under her predecessor. Finance Minister Charles Sousa insisted the government would eventually balance the budget, eventually claiming to have done so in the year before the election, but only by using accounting tricks that shifted tens of billions of dollars in borrowing off the official tally. Sousa pledged several more years of “balance,” then reversed himself 12 months later, announcing a return to borrowing so the Liberals could finance a raft of new spending promises in the weeks before the election.
Even then he couldn’t bring himself to be honest: the government’s projected $6.7 billion annual deficit was quickly shown to be $11.7 billion, with similar miscalculations stretching into the 2020s, eventually totalling as much as $50 billion. Lysyk, required by law to review the books before an election, found the numbers so dodgy she announced they couldn’t be trusted, and accused the government of deliberately hiding documents to keep her in the dark. It was a flagrant attempt to buy votes with borrowed money, so glaring that offended voters saw through the ruse and Liberal fortunes fell further. Yet it reflected once again the government’s astonishingly low opinion of is constituents, and its assumption they were too apathetic, ignorant or disengaged to know when they were being conned.
Throughout Wynne’s five years in office, her government regularly prioritized the well-being of the party over those of the province. Hydro One was sold off to produce some quick cash for transit projects, but at the cost of hundreds of millions of dollars in annual revenue produced by the provincial utility. The debt so relentlessly piled up by the government will impact voters for a generation to come: the $1 billion Ontario spends on interest payments every 30 days is the equivalent of a new hospital every month. When the government complains it lacks the resources to meet demands from doctors, colleges and universities, think of that monthly billion-dollar tab and what it could be doing if it wasn’t being spent on interest..."
Friday, March 2, 2018
The Fallout From the 2018 Federal Budget - Let The World Markets Speak....
C$ in freefall this morning...
Another Year, Another Liberal "Dudget" - This Time Even More Uber Left
http://business.financialpost.com/opinion/philip-cross-the-trudeau-governments-third-federal-budget-is-another-triumph-of-symbolism-over-substance
followed by the new Gender Bases Analysis Plus ("GBA+") regime whereby all government decisions must be filtered. As if completing and concluding things in government was not slow enough. Not to mention another layer to stop the passive-aggressive approach to pipelines in Canada.
http://nationalpost.com/news/what-is-gba-the-federal-intersectional-doctrine-that-governs-everything-now
Wednesday, January 31, 2018
"Policy-Based Evidence Making": How the Liberals Portray Circumstances to Achieve an Ideal (ie, "The Liberal Solution")
Never short on a study, or a scenario the Liberal spin machine is at it again, and this time in full view of the international Davos forum. Shockingly, with another "damn Canada" type speech to his political and business peers (cronies), The Justin has managed to manufacture an oppressive state of being in the Great White North to the point that such an elected official would not be expected to the leader of said country (Canada) but someone comparable to the likes of Stalin, Hussein, Mussolini, Mugabe, Kim Jong-Un, Castro (oh right, Justin likes him!). Selected quotes are below. All of this to portray The Justin as the "feminist saviour" that will lead all gender based discrimination out of the country as he merrily skips and plays his magical flute.
In relation to this article, a simple addendum to the Canadian Business and Corporations Act woud have sufficed, but no. Bill C-25 is now before the Senate. While no one should be discriminated against based on being a man, woman or, I have to now use "gender" to capture all, neither should this many resources, time and pay for our legislators be allocated to bring this justice.
As mentioned in the article, this is our Innovation Minister Navdeep Bains initiative and it reminded me, from several past posts, what does an Innovation Minister (@NavdeepSBains) do anyway? No one has been able to tell me.
Hats off to Terence Corcoraon (author) for his coining of the term "policy-based evidence making". It is bang on for this new Liberal regime.
http://business.financialpost.com/opinion/terence-corcoran-the-dodgy-studies-behind-trudeaus-radical-experiment-to-socially-engineer-canadian-businesses
Select quotes that The Justin has chosen to focus on (whether he believes the "science" or "facts" or Liberal math behind them)...
"Among women who were newly appointed to the boards of Fortune 500 companies, 77 per cent of them were white. Race, religion, sexuality, socioeconomic status — these are just a few of the ways that women are even further discriminated against.”
“Too many corporations have put the pursuit of profit before the wellbeing of their workers. The gap between the rich and the poor is staggering. All the while, companies avoid taxes and boast record profits with one hand, while slashing benefits with the other. But that approach can’t and won’t cut it anymore.”
When quoting McKinsey and Peterson Institute for International Economics reports, "“narrowing the gender gap in Canada would add $150 billion to our economy by 2026” and increasing the number of women in leadership positions from zero to 30 per cent “translates into a 15-per-cent boost in profitability.”
In relation to this article, a simple addendum to the Canadian Business and Corporations Act woud have sufficed, but no. Bill C-25 is now before the Senate. While no one should be discriminated against based on being a man, woman or, I have to now use "gender" to capture all, neither should this many resources, time and pay for our legislators be allocated to bring this justice.
As mentioned in the article, this is our Innovation Minister Navdeep Bains initiative and it reminded me, from several past posts, what does an Innovation Minister (@NavdeepSBains) do anyway? No one has been able to tell me.
Hats off to Terence Corcoraon (author) for his coining of the term "policy-based evidence making". It is bang on for this new Liberal regime.
http://business.financialpost.com/opinion/terence-corcoran-the-dodgy-studies-behind-trudeaus-radical-experiment-to-socially-engineer-canadian-businesses
Select quotes that The Justin has chosen to focus on (whether he believes the "science" or "facts" or Liberal math behind them)...
"Among women who were newly appointed to the boards of Fortune 500 companies, 77 per cent of them were white. Race, religion, sexuality, socioeconomic status — these are just a few of the ways that women are even further discriminated against.”
“Too many corporations have put the pursuit of profit before the wellbeing of their workers. The gap between the rich and the poor is staggering. All the while, companies avoid taxes and boast record profits with one hand, while slashing benefits with the other. But that approach can’t and won’t cut it anymore.”
When quoting McKinsey and Peterson Institute for International Economics reports, "“narrowing the gender gap in Canada would add $150 billion to our economy by 2026” and increasing the number of women in leadership positions from zero to 30 per cent “translates into a 15-per-cent boost in profitability.”
When You Do Not Recieve The Results You Want, Then Change the Rules...And Again
Once again, appeasing and bowing to the climate change "crusaders" and enviro-mental-ists, the Liberals are looking at ways to changing the approval regimes and processes...again. Even though the Liberals have technically "approved" certain pipelines, they can now wipe their hands clean of all party responsibilty as the approval rules down the road have alrady changed once.
In the name of "stakeholders" and "independence", the Liberals in fact have their fingers all over the pipeline approval processes (and other large infratstructure industries), meanwhile appearing squeaky clean to those who only read the nearest copy of 24 or Metro for their "news" fix (their converted).
Similar to a street busking musician enticing his passers-by with a quick handed game of "where's the peanut", both domestic and foreign investment are left bewildered as to how this country wants to manage, monetize and heaven forbid extract the resources it has been blessed with.
http://business.financialpost.com/commodities/energy/big-moment-for-energy-sector-as-trudeau-set-to-unveil-sweeping-regulatory-reforms-within-days
In the name of "stakeholders" and "independence", the Liberals in fact have their fingers all over the pipeline approval processes (and other large infratstructure industries), meanwhile appearing squeaky clean to those who only read the nearest copy of 24 or Metro for their "news" fix (their converted).
Similar to a street busking musician enticing his passers-by with a quick handed game of "where's the peanut", both domestic and foreign investment are left bewildered as to how this country wants to manage, monetize and heaven forbid extract the resources it has been blessed with.
http://business.financialpost.com/commodities/energy/big-moment-for-energy-sector-as-trudeau-set-to-unveil-sweeping-regulatory-reforms-within-days
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