Liberal Minority Government 2025 - ???

[IKnowNothing]

Yeah, scale and efficiency are important to consider.

If retail consumption can materially support domestic industry, isn't it reasonable to ask why the same patriotic logic shouldn't at least influence how we invest? Even a small shift in capital can support innovation and resilience in Canadian companies long term.

Because spending a quarter more on ketchup or driving an extra block to another hardware store isn't the same as risking your long term financial well being.

 

[Jarnhamar]

There is a certain level of hypocrisy achieved when you're leading the "elbows up" movement while quietly investing almost everything in the US.

Carney is intimately familiar with the fact that a strong US is way better for Canada and he certainly knows where he's going to put his money.

That's really all im saying (or trying to)

I think PP is taking the wrong approach here going all-in on the "eff the USA" bandwagon.

Me too. It's just symbolism that's a kilometer wide and an inch deep. Might as well brag about buying French's Ketchup from Walmart.

 

[Jarnhamar]

Because spending a quarter more on ketchup or driving an extra block to another hardware store isn't the same as risking your long term financial well being.

Exactly.

 

[QV]

That's really all im saying (or trying to)



Me too. It's just symbolism that's a kilometer wide and an inch deep. Might as well brag about buying French's Ketchup from Walmart.

"Elbows up" was such a pathetic move.

A much better way to address the 51st issue would have been to appeal to Trump's requirement for deference. Thank him for the offer, a significant offer, no other country has ever had such an offer! Probably the best offer ever offered to another country in the history of offers on the planet! Then politely decline while leaving open potential for future consideration and make assertions to work more towards aligning interests and intent on a continental scale (BMD, defence spending, free'er trade, etc).

 

[The Bread Guy]

A much better way to address the 51st issue would have been to appeal to Trump's requirement for deference. Thank him for the offer, a significant offer, no other country has ever had such an offer! Probably the best offer ever offered to another country in the history of offers on the planet! Then politely decline while leaving open potential for future consideration and make assertions to work more towards aligning interests and intent on a continental scale (BMD, defence spending, free'er trade, etc).

And you think POTUS47 would respond to that by coming up with an offer better for Canada, or not as bad? Based on how he's reacted so far, and not just with Canada, I don't have as much faith in him as you do.

 

[MrWhyt]

"Elbows up" was such a pathetic move.

A much better way to address the 51st issue would have been to appeal to Trump's requirement for deference. Thank him for the offer, a significant offer, no other country has ever had such an offer! Probably the best offer ever offered to another country in the history of offers on the planet! Then politely decline while leaving open potential for future consideration and make assertions to work more towards aligning interests and intent on a continental scale (BMD, defence spending, free'er trade, etc).

So roll over for him, the offer was declined but unsurprisingly given his history with women he didn't take no for an answer.

 

[QV]

And you think POTUS47 would respond to that by coming up with an offer better for Canada, or not as bad? Based on how he's reacted so far, and not just with Canada, I don't have as much faith in him as you do.

Tit for tat tariffs and aggression without the ability to deliver is/was pure idiocy. Playing the game better might get better outcomes. Half you on here complain endlessly about 47's need for ego stroking... use it to advantage! You're not going to win trying to out bully the bully holding most of the cards.

 

[Jarnhamar]

So roll over for him, the offer was declined but unsurprisingly given his history with women he didn't take no for an answer.

Like the DST we recinded in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. We're being threatened with 35% tariffs as a thanks for our capitulating.

 

[The Bread Guy]

Tit for tat tariffs and aggression without the ability to deliver is/was pure idiocy. Playing the game better might get better outcomes. Half you on here complain endlessly about 47's need for ego stroking... use it to advantage! You're not going to win trying to out bully the bully holding most of the cards.

At least we agree he’s a bully

 

[Czech_pivo]

Tit for tat tariffs and aggression without the ability to deliver is/was pure idiocy. Playing the game better might get better outcomes. Half you on here complain endlessly about 47's need for ego stroking... use it to advantage! You're not going to win trying to out bully the bully holding most of the cards.

I guess it comes down to the fact that half of us aren’t willing to stroke anyone (except maybe ourselves), and the other half looks to be ok with it.

 

[YZT580]

and if Carney's predecessor hadn't been such an ass, both Germany and Japan would have already invested multi-millions into developing the same transportation and processing plants that will quite possibly head the list of Carney's must-do projects and they would be half way to completion. thus leaving us free to thumb our noses at Trumps tariffs. With the price of energy in Europe, they are becoming a good, reliable market for our steel and aluminum. At least one of the steel plants in Hamilton can produce the high quality stuff or at least it did so I would assume it can again so with our lower energy prices and China not being the favorite anymore we can do a lot, Trump or not except we are too broke and too chicken to invest.

 

[QV]

and if Carney's predecessor hadn't been such an ass, both Germany and Japan would have already invested multi-millions into developing the same transportation and processing plants that will quite possibly head the list of Carney's must-do projects and they would be half way to completion. thus leaving us free to thumb our noses at Trumps tariffs. With the price of energy in Europe, they are becoming a good, reliable market for our steel and aluminum. At least one of the steel plants in Hamilton can produce the high quality stuff or at least it did so I would assume it can again so with our lower energy prices and China not being the favorite anymore we can do a lot, Trump or not except we are too broke and too chicken to invest.

The bottom line is Canada has been grossly mismanaged (economics, foreign affairs, everything) for the last decade and we are going to pay a hefty price for that.

 

[QV]

At least we agree he’s a bully

Sure. I'm just not butt hurt when I see another nation acting in it's own interests. I just loathe that Canada has failed to do so for it's own benefits and spends its time whining about what others do.

 

[YZT580]

The bottom line is Canada has been grossly mismanaged (economics, foreign affairs, everything) for the last decade and we are going to pay a hefty price for that.

Further to the HM comment I see that Seaspan has signed with Algoma for the production of high-quality steel, good on them as it wasn't too long ago that Algoma appeared to be facing bankruptcy. On a completely different note, the Algoma central is a great train for those of you who are addicted to those things

 

[Eaglelord17]

There is a certain level of hypocrisy achieved when you're leading the "elbows up" movement while quietly investing almost everything in the US.

Carney is intimately familiar with the fact that a strong US is way better for Canada and he certainly knows where he's going to put his money.

No he had investments in the US, that is different from actively investing in them after they started their games.

Before this presidency started their games investing in the US also helped Canadians as they bought most our goods.

Acting as though investing happens overnight in developing a portfolio is very shortsighted and completely wrong. This is why this whole thing is a nothing burger. Find a real thing to criticize him over (and this is as someone who did not vote his way).

 

[PPCLI Guy]

There is a certain level of hypocrisy achieved when you're leading the "elbows up" movement while quietly investing almost everything in the US.

Carney is intimately familiar with the fact that a strong US is way better for Canada and he certainly knows where he's going to put his money.

So the CFSA should divest most of its holdings then? Or you should opt out of your pension?

Canadian equity

Foreign equity

Real estate

Private equity

Infrastructure

Natural resources

Cash and cash equivalentstable 7 note1

Money market securitiestable 7 note1

Government and corporate bonds

Inflation-linked bonds

Private debt securities

Amounts receivable from pending trades

Interest receivable

Dividends receivable

Securities purchased under reverse repurchase agreements

Derivative-related assets

Amounts payable from pending trades

Interest payable

Securities sold short

Collateral payable

Securities sold under repurchase agreements

Derivative-related liabilities

Capital market debt financing

Fair values as at 31 March ($ millions):​

[th]

2024​

[/th][th]

2023​

[/th]​

[th]

Investments
Public markets​

[/th]​

[td]

$535​

[/td][td]

$862​

[/td]​

[td]

8,022​

[/td][td]

6,787​

[/td]​

[th]

Private markets​

[/th]​

[td]

7,106​

[/td][td]

7,914​

[/td]​

[td]

7,565​

[/td][td]

6,907​

[/td]​

[td]

7,794​

[/td][td]

6,915​

[/td]​

[td]

4,154​

[/td][td]

3,590​

[/td]​

[th]

Fixed income​

[/th]​

[td]

677​

[/td][td]

1,346​

[/td]​

[td]

1,617​

[/td][td]

1,604​

[/td]​

[td]

5,150​

[/td][td]

4,466​

[/td]​

[td]

3,431​

[/td][td]

2,200​

[/td]​

[td]

5,694​

[/td][td]

5,840​

[/td]​

[th]

Alternative investments​

[/th]​

[td]

4,940​

[/td][td]

4,789​

[/td]​

[th]

Total Investments​

[/th]​

[td]

$56,685​

[/td][td]

$53,220​

[/td]​

[th]

Investment-related assets​

[/th]​

[td]

$244​

[/td][td]

$488​

[/td]​

[td]

121​

[/td][td]

97​

[/td]​

[td]

52​

[/td][td]

40​

[/td]​

[td]

437​

[/td][td]

246​

[/td]​

[td]

259​

[/td][td]

423​

[/td]​

[th]

Total investment-related assets​

[/th]​

[td]

$1,113​

[/td][td]

$1,294​

[/td]​

[th]

Investments representing financial assets at FVTPLtable 7 note2​

[/th]​

[td]

$57,798​

[/td][td]

$54,514​

[/td]​

[th]

Investment-related liabilities​

[/th]​

[td]

$(103)​

[/td][td]

$(209)​

[/td]​

[td]

(32)​

[/td][td]

(22)​

[/td]​

[td]

(613)​

[/td][td]

(480)​

[/td]​

[td]

(128)​

[/td][td]

(184)​

[/td]​

[td]

(1,001)​

[/td][td]

(1,814)​

[/td]​

[td]

(187)​

[/td][td]

(314)​

[/td]​

[th]

Investment-related liabilities representing financial liabilities at FVTPL​

[/th]​

[td]

$(2,064)​

[/td][td]

$(3,023)​

[/td]​

[th]

Borrowings​

[/th]​

[td]

$(5,158)​

[/td][td]

$(4,624)​

[/td]​

[th]

Borrowings representing financial liabilities designated at FVTPL​

[/th]​

[td]

$(5,158)​

[/td][td]

$(4,624)​

[/td]​

[th]

Net investments​

[/th]​

[td]

$50,576​

[/td][td]

$46,867​

[/td]​

 

[HavokFour]

Amazing! Carney already winning a second term before his first is up. [/sarcasm]

Poilievre learned absolutely nothing, or if he did it was from Trudeau's school of arrogant stubbornness and we all saw where that ended. I am almost inclined to say his past relationship with Byrne might be playing a much bigger part.

Poilievre adviser Jenni Byrne staying on, Conservatives confirm amid speculation of ouster

Byrne will scale back her connection to the Conservatives’ work in opposition, sources say

www.theglobeandmail.com

 

[The Bread Guy]

Amazing! Carney already winning a second term before his first is up. [/sarcasm]

Poilievre learned absolutely nothing, or if he did it was from Trudeau's school of arrogant stubbornness and we all saw where that ended. I am almost inclined to say his past relationship with Byrne might be playing a much bigger part.

Poilievre adviser Jenni Byrne staying on, Conservatives confirm amid speculation of ouster

Byrne will scale back her connection to the Conservatives’ work in opposition, sources say

www.theglobeandmail.com

Archived here for anyone who can't get through the paywall.

Listening to some of the recent interviews by PP ....

... doesn't leave me with a lot of information re: what he should have done differently, so it looks like - for the moment - it may be more of the same until Canadians get tired of Carney making tough decisions & stop liking him more than PP

Meanwhile, one international poll shows Canadians surveyed like the U.S. as much as they like China

Views of the U.S. have worsened while opinions of China have improved in many surveyed countries

Across 24 countries, more people have a positive view of the United States than of China.

www.pewresearch.org

Deets on how it was done (can't find how many of the 28.3K people polled were from Canada, so grain of salt on small samples and all that)

 

[QV]

So the CFSA should divest most of its holdings then? Or you should opt out of your pension?

Canadian equity

Foreign equity

Real estate

Private equity

Infrastructure

Natural resources

Cash and cash equivalentstable 7 note1

Money market securitiestable 7 note1

Government and corporate bonds

Inflation-linked bonds

Private debt securities

Amounts receivable from pending trades

Interest receivable

Dividends receivable

Securities purchased under reverse repurchase agreements

Derivative-related assets

Amounts payable from pending trades

Interest payable

Securities sold short

Collateral payable

Securities sold under repurchase agreements

Derivative-related liabilities

Capital market debt financing

Fair values as at 31 March ($ millions):​

[th]
2024

[/th][th]
2023

[/th]​

[th]
Investments
Public markets

[/th]​

[td]
$535

[/td][td]
$862

[/td]
[td]
8,022

[/td][td]
6,787

[/td]​

[th]
Private markets

[/th]​

[td]
7,106

[/td][td]
7,914

[/td]
[td]
7,565

[/td][td]
6,907

[/td]
[td]
7,794

[/td][td]
6,915

[/td]
[td]
4,154

[/td][td]
3,590

[/td]​

[th]
Fixed income

[/th]​

[td]
677

[/td][td]
1,346

[/td]
[td]
1,617

[/td][td]
1,604

[/td]
[td]
5,150

[/td][td]
4,466

[/td]
[td]
3,431

[/td][td]
2,200

[/td]
[td]
5,694

[/td][td]
5,840

[/td]​

[th]
Alternative investments

[/th]​

[td]
4,940

[/td][td]
4,789

[/td]​

[th]
Total Investments

[/th]​

[td]
$56,685

[/td][td]
$53,220

[/td]​

[th]
Investment-related assets

[/th]​

[td]
$244

[/td][td]
$488

[/td]
[td]
121

[/td][td]
97

[/td]
[td]
52

[/td][td]
40

[/td]
[td]
437

[/td][td]
246

[/td]
[td]
259

[/td][td]
423

[/td]​

[th]
Total investment-related assets

[/th]​

[td]
$1,113

[/td][td]
$1,294

[/td]​

[th]
Investments representing financial assets at FVTPLtable 7 note2

[/th]​

[td]
$57,798

[/td][td]
$54,514

[/td]​

[th]
Investment-related liabilities

[/th]​

[td]
$(103)

[/td][td]
$(209)

[/td]
[td]
(32)

[/td][td]
(22)

[/td]
[td]
(613)

[/td][td]
(480)

[/td]
[td]
(128)

[/td][td]
(184)

[/td]
[td]
(1,001)

[/td][td]
(1,814)

[/td]
[td]
(187)

[/td][td]
(314)

[/td]​

[th]
Investment-related liabilities representing financial liabilities at FVTPL

[/th]​

[td]
$(2,064)

[/td][td]
$(3,023)

[/td]​

[th]
Borrowings

[/th]​

[td]
$(5,158)

[/td][td]
$(4,624)

[/td]​

[th]
Borrowings representing financial liabilities designated at FVTPL

[/th]​

[td]
$(5,158)

[/td][td]
$(4,624)

[/td]​

[th]
Net investments

[/th]​

[td]
$50,576

[/td][td]
$46,867

[/td]​

I'm all for foreign investment, especially USA. And at the same time (contrary to our political leadership and anti-American crowd) I am not advocating "elbows up" and suggesting some sort of American boycott.

How could you come to that train of thought?

 

[ArmyRick]

Amazing! Carney already winning a second term before his first is up. [/sarcasm]

Poilievre learned absolutely nothing, or if he did it was from Trudeau's school of arrogant stubbornness and we all saw where that ended. I am almost inclined to say his past relationship with Byrne might be playing a much bigger part.

Poilievre adviser Jenni Byrne staying on, Conservatives confirm amid speculation of ouster

Byrne will scale back her connection to the Conservatives’ work in opposition, sources say

www.theglobeandmail.com

Interesting. Someone I know from well inside the party said (Not naming them), it was mutual parting of ways that was supposed to happen.

If Pierre keeps her on, then I do predict he will face serious challenges in the leadership review come January.