
SChacalias
5.4K posts






Check out my latest video where I discuss the deficit, the 'sovereign wealth fund', and other ways this government is misleading Canadians. youtu.be/pOSEz4vUa3E?si…

Analyst at Fitch Ratings muses about Canada pension funds, like CPPIB, become a source of capital for the country's new sovereign-wealth fund, as unveiled by PM Mark Carney last week. Fitch notes Canada is running fiscal and current-account deficits. On WSJ wires:

New Parliamentary Budget Officer, Annette Ryan's, first report finds problems with the Government’s Major Capital Priorities The most damning part is the housing section, particularly the PBO's assessment that the govt's flagship Build Canada Homes (BCH) initiative is on track to deliver far too little supply amid declining momentum "Since Budget 2025, housing starts in Canada have continued to lose momentum... The PBO estimates that BCH could add approximately 26,000 units over five years, which would be insufficient to achieve the previously targeted pace of homebuilding." Defence: The long-term 5% of GDP commitment by 2035 lacks a year-by-year profile. PBO projects it could mean $159B in core spending in 2035–36 alone, adding $63B to the deficit that year and boosting debt-to-GDP by 6.3 points. This flags massive future fiscal risk but is framed as an estimate of an ambitious goal rather than current failure Infrastructure/Major Projects: Slow progress (e.g., biggest LNG projects not at final investment decision; Major Projects Office not yet releasing scorecards against its 2-year mandate) Productivity: Flat labour productivity growth (well below historical averages), with measures too new to show impact @PBO_DPB


Canadian PM Mark Carney: It’s my strong personal view that the international order will be rebuilt — but it will be rebuilt out of Europe.

PM Carney announces $270M in military aid for Ukraine ctvnews.ca/politics/artic…

From our partners @financialpost: How Carney's new sovereign wealth fund could backfire on the economy financialpost.com/investing/sove…


Mark Carney departs Ottawa on route to Yerevan, Armenia, this weekend for a brief stop as a guest at a Summit of the European Political Community. Carney is also scheduled to meet with President Vladimir Zelenskyy of Ukraine.

Comment from the Prime Minister regarding the reported voters list breach in Alberta: — “These breaches of the personal privacy of millions of Canadian citizens are deeply concerning. I expect Elections Alberta and the RCMP to work thoroughly and expeditiously to assess the causes and to pursue appropriate actions against those responsible. “We must be constantly vigilant to protect the rights of Canadians and the integrity of our democratic processes.”


#NEW: ‘I would be very pleased’: PM Carney invited to address European Parliament ctvnews.ca/politics/artic…






