Liberal Minority Government 2025 - ???

[MilEME09]

PBO walks back some of his comments about the budget, interesting but the damage is already done

Budget Watchdog Regrets Calling Canada’s Fiscal Position ‘Stupefying’

Canada’s budget watchdog is walking back his most charged criticisms of Mark Carney’s fiscal policy, but says the government’s decision to drop its debt-to-GDP guideline is a major shift that warrants more public debate.

www.bloomberg.com

 

[Czech_pivo]

.

What grates on the entitled masses of mostly left leaning people in this country is that all of that needs to now be earned. How dare the US not promote, respect, nor give preferential treatment to Canada (as we rely entirely on them for our economic and military survival).

The situation has changed. Time for everyone else to adapt. Choose the path carefully, but I doubt any other country has better intentions for us than the US does.

We rely mostly on them for our economic 'survival' BECAUSE of the FTA agreed upon by Mulroney and Reagan. Do you understand that? That agreement was made, by both sides, to tie the economies of BOTH countries together going forward.

Now, which side is in the process of screwing over the other? Which side re-negotiated the morphed FTA into this thing called 'USMCA' and stood in front of the American public and called it 'the greatest trade agreement ever'?

I have no doubt that even if we had been spending 2% or just beyond that at 2.2% way back in 2015 and every year since then till today that it would NOT have mattered one bit in our trade negotiations with Trump. None.

And it you mean 'lackey' or 'vassal' or 'compliant resource cupboard to exploit at will', than Yes, I agree.

 

[Czech_pivo]

PBO walks back some of his comments about the budget, interesting but the damage is already done

Budget Watchdog Regrets Calling Canada’s Fiscal Position ‘Stupefying’

Canada’s budget watchdog is walking back his most charged criticisms of Mark Carney’s fiscal policy, but says the government’s decision to drop its debt-to-GDP guideline is a major shift that warrants more public debate.

www.bloomberg.com

That's because the money mangers in NYC and London gave their head a shake and said, 'have you looked around the room at the others?'

 

[brihard]

We rely mostly on them for our economic 'survival' BECAUSE of the FTA agreed upon by Mulroney and Reagan. Do you understand that? That agreement was made, by both sides, to tie the economies of BOTH countries together going forward.

Now, which side is in the process of screwing over the other? Which side re-negotiated the morphed FTA into this thing called 'USMCA' and stood in front of the American public and called it 'the greatest trade agreement ever'?

I have no doubt that even if we had been spending 2% or just beyond that at 2.2% way back in 2015 and every year since then till today that it would NOT have mattered one bit in our trade negotiations with Trump. None.

And it you mean 'lackey' or 'vassal' or 'compliant resource cupboard to exploit at will', than Yes, I agree.

Military spending, fentanyl, trade balance… It’s all pretext. The U.S. has tariffed literally everybody. The Trump administration has adopted a fundamentally mercantilist attitude to trade. They believe in it. That’s the word coming back from those who work in international trade and deal with U.S. counterparts in the private sector. Our legally binding CUSMA treaty is the only thing that protects Canada from more of it across the board. There isn’t something we can do more right, or do better that will shift them from it; the pretexts are all just necessary to invoke executive tariffs authorities (legal or not) that allow Trump to end run Congress on taxation of U.S. citizens. Trump and Trumpism mean tariffs; he has been able to lie to his base and convince them that tariffs are not levied on Americans and that they’re a net economic good. Bluntly, I don’t have faith that the population at large is economically literate enough to push back broadly on this to the point where it sways Trump’s populist attitudes.

Canadians need to grit their teeth and come to understand that this is the reality for the foreseeable future, and that our economic policy will have to include navigating around U.S. tariffs. Even where they’re implemented illegally, we’re stuck with the pace of the courts, and businesses will have to assume that if the courts pry Trump’s hands off one lever he’ll just grab another one.

 

[Eaglelord17]

What kind of deal is Microsoft getting to set up that infrastructure here ?

I'm praying for not another Algoma or Stellantis...

Algoma is only a problem because of America.

They started the year with 200m in cash reserves, a solid game plan for the next 5 years and wouldn’t have needed any government money for the foreseeable future.

Instead our ‘greatest ally’ put a 50% tariff on steel which the majority of the product from Algoma was sold to America. Canada does not have a large enough market for coil and plate as what Algoma can produce and they lack alternative products as most places only make a very small number of products very efficiently in modern manufacturing to be competitive.

 

[Czech_pivo]

Military spending, fentanyl, trade balance… It’s all pretext. The U.S. has tariffed literally everybody. The Trump administration has adopted a fundamentally mercantilist attitude to trade. They believe in it. That’s the word coming back from those who work in international trade and deal with U.S. counterparts in the private sector. Our legally binding CUSMA treaty is the only thing that protects Canada from more of it across the board. There isn’t something we can do more right, or do better that will shift them from it; the pretexts are all just necessary to invoke executive tariffs authorities (legal or not) that allow Trump to end run Congress on taxation of U.S. citizens. Trump and Trumpism mean tariffs; he has been able to lie to his base and convince them that tariffs are not levied on Americans and that they’re a net economic good. Bluntly, I don’t have faith that the population at large is economically literate enough to push back broadly on this to the point where it sways Trump’s populist attitudes.

Canadians need to grit their teeth and come to understand that this is the reality for the foreseeable future, and that our economic policy will have to include navigating around U.S. tariffs. Even where they’re implemented illegally, we’re stuck with the pace of the courts, and businesses will have to assume that if the courts pry Trump’s hands off one lever he’ll just grab another one.

100% true

When I saw that the screwed over the Australians, by slapping a flat 10% tariff against them - who have a trade deficit with the US, who are in a Nuclear Attack Submarine agreement with them AND who do take military spending seriously - I knew that its a f*cking game to Trump.