Liberal (Minority/Majority) Government 2025 - ???

[Czech_pivo]

Yup. There’s nothing wrong with the kids. They’re as smart and as hard working as previous generations. But they face a reality of less relative return on their investments in work and education. The middle class dreams of their parents are denied to many more of them than ever before.

Watch this click - I sent it to family friends who’s son is in his 3rd yr as an Electrician apprentice.

 

[Czech_pivo]

I think you and others here have done a good job articulating who gains and loses from the status quo, and from a hypothetical major correction in the market. I don’t see much disagreement here on the basic facts of this.

Stepping back and taking a societal view, a big part of the problem I think is that, following the massive run ups of say a decade ago, we now have a whole generation that has entered the workforce and is at the right place in life to be starting families, but with the now much inflated housing prices, they face massive, massive barriers to entry. The inaccessibility of ownership in many places leaves them caught in the rent trap, which has itself inflated considerably.

It’s not good, generally, to have up and coming generations cut off from the dream everyone had up to their parents and which their parents still believe in and express to them. It’s harmful to social and political cohesion to have that large a cohort seeing the ladders pulled up behind the last crew who climbed…

Stagnant housing prices coupled with inflation will eventually reduce this problem, but on a generational time frame. Not soon enough to help the young couples in their mid to late 20s, nor those coming up behind. Or even the tail end millennials who took longer to get well paid careers established.

A major correction downwards would have an impact, but it would need a major trigger of a lot of people trying to sell inflated supply into a market that has seen demand destruction from prices too high for too long. I don’t know what such a trigger would be. And How much would such a major correction actually hit livable family residences versus bachelor or shoebox condos that nobody’s starting a family in anyway? The housing market is far from monolithic…

Damned if I know how Canada balances the policy challenges here - affordability, social cohesion, reliance on home equity, etc etc…

Here's an article out of the US today from the CNBC business site. Same concerns/issues are being felt south of the border.....

'This bargain is eroding': Inside the youngest generations' view of the American Dream

Gen Z is at a tipping point, some economists say: the first U.S. generation in living memory where the majority may be unable to achieve the American Dream.

www.cnbc.com

‘This bargain is eroding’: Inside the youngest generations’ view of the American Dream​

 

[Eaglelord17]

so your solution is to take from the rich and give to the poor. Mind if I call you Robin? That has never worked in all the centuries it has been tried. All you end up with is more poor people. In 2020 the median family income was 73000. In 2024 it was 65000. In the States the comparable figures are 67,000 for 2020 and 83,700 for 2024. We aren't losing because of OAS we are losing because our laws and government policies are keeping you poor whilst they enrich their friends. We are losing because when two separate governments offered to buy into our resources ours told them to get lost that there wasn't a business case for it. We introduced regulations to prohibit larger ships from sailing in our waters and made sure that there would be no product to buy anyway because there was no way to get it there. The saga of the F35 could be applied to every major purchase or development that has been suggested. We have allowed ourselves to be hijacked by every indigenous group that wants to file a complaint even though the many of them are nothing more than a large family group. And you dare blame a bunch of old folks for the mess we are in. It is time to wake up and face the truth. We are collectively driving this country into irrelevance. We have a PM who keeps grabbing the football away from Charlie Brown. His agreement with Alberta is proof of that. Here, go build a pipeline but we will make you tack on an impossibly expensive capture process and we will still hit you with a carbon bill. Yes Altair, I am trolling.

Actually policies that protect the low and middle class actually do work and is what created the greatest economic times in history (the late 1800s-1980s). Without government interference the people would mainly be working slaves forced to work for peanuts with no rights, no protections, and violent evil owners who saw you as a expendable replaceable cog in the machine.

Another important thing to understand about why those laws came into place was because people were about at the point of hanging the rich. If they keep growing their wealth well not bringing up everyone else along the way, it might encourage the same reaction again.

I am not Robin Hood for believing that the rich shouldn’t be pulling much farther ahead on wealth and leaving everyone else struggling. These corporate parasites are slowly but steadily eating away at both the working class and the companies they run.

A simple way to fix it could be to have any bonus paid out to the executives to be paid a equal amount to all employees (i.e. your bonus was 4x your salary, everyone else in the company gets the same). It is fair and simple as the people who run the company didn’t achieve what happened for that company in a vacuum, rather it is a team effort that many times happens in spite of the people running it.

In actuality, I agree with you but singling that out is not the road to recovery as I have tried to point out. It is a distraction. My 12000 is not the reason why the average house in Canada is 847,000 whilst south of us it is 360,000. And explain to me why we were still sending money to support China up until recently; if we aren't still doing so. Explain why hospitals are actually laying off nursing staff and closing facilities whilst crying poor when they are the beneficiaries of much of our GDP. No my friend, you can rant and rave all you want about OAS but that freeing up that portion of the budget isn't going to solve a damn thing.

It is a start to fixing things. I never said it was the magic silver bullet, but it is a step in the right direction. Not trying to fix things is just accepting defeat which is why I referenced fiddling on the titanic.

Seems like a lot of older people just want to keep living the high life without regard for the damage they are doing to the future because they will not have to deal with the consequences.

 

[YZT580]

Actually policies that protect the low and middle class actually do work and is what created the greatest economic times in history (the late 1800s-1980s). Without government interference the people would mainly be working slaves forced to work for peanuts with no rights, no protections, and violent evil owners who saw you as a expendable replaceable cog in the machine.

Another important thing to understand about why those laws came into place was because people were about at the point of hanging the rich. If they keep growing their wealth well not bringing up everyone else along the way, it might encourage the same reaction again.

I am not Robin Hood for believing that the rich shouldn’t be pulling much farther ahead on wealth and leaving everyone else struggling. These corporate parasites are slowly but steadily eating away at both the working class and the companies they run.

A simple way to fix it could be to have any bonus paid out to the executives to be paid a equal amount to all employees (i.e. your bonus was 4x your salary, everyone else in the company gets the same). It is fair and simple as the people who run the company didn’t achieve what happened for that company in a vacuum, rather it is a team effort that many times happens in spite of the people running it.


It is a start to fixing things. I never said it was the magic silver bullet, but it is a step in the right direction. Not trying to fix things is just accepting defeat which is why I referenced fiddling on the titanic.

Seems like a lot of older people just want to keep living the high life without regard for the damage they are doing to the future because they will not have to deal with the consequences.

If Karl Marx were alive he would be proud of you. Every one who has earned wealth has done it by putting their efforts into earning it and they have paid a price for it. They have sacrificed time, often times family, health to achieve a goal. The same can be said to a certain extent about the 3rd generation ones. Very few are content and there are any number who are featured in the news with one problem or another. Prince Andrew is probably a great illustration of that. But back to that first generation. In return for those efforts they have provided a decent living for any number of families. Yes they ran sweatshops until minimum wages made them unprofitable. Cheers for the government. What did they accomplish? Those sweatshops are now in Bangladesh and China and the people who worked in them were left unemployed. My in-laws went through that and were forced to move into her father's home for years instead of their own home which they had to sell. So there are two sides or more to government interference.
You talk about all us rich retired folks enjoying government largesse. Many of us are still supplementing our kids. Many have taken out mortgages to facilitate their buying a home. Some have put in basement apartments so the kids could move back. Sure they go to Florida for two months in the winter. So what? The money I don't spend on gas going to work and the suits that are no longer required would cover much of those expenses and downsizing into a townhouse covers the rest: which is what many have done. There will always be poor people for any number of reasons. I just did a search for seniors earning in Canada. The median income is 31000 after taxes so you aren't chasing after a whole lot of people. Since the ceiling is 148,000 I would suggest that re-setting the roof at 125,000 might cover the annual meal costs on CanForce 1.(sarcasm) There are bigger and more blatant wastes to pursue.

 

[brihard]

In actuality, I agree with you

Do you?

but singling that out is not the road to recovery as I have tried to point out. It is a distraction.

I have not claimed it is. I’ve said it’s one of many problems.

My 12000 is not the reason why the average house in Canada is 847,000 whilst south of us it is 360,000.

I have not claimed that particular unjustified spending is causal to housing prices. You’re swinging at a straw man.

And explain to me why we were still sending money to support China up until recently; if we aren't still doing so.

We should not be, but that’s not what was being discussed. However, see point 1, “one of many problems”.

Explain why hospitals are actually laying off nursing staff and closing facilities whilst crying poor when they are the beneficiaries of much of our GDP.

Ask your provincial government.

No my friend, you can rant and rave all you want about OAS

Who’s ranting and raving? I’ve been nothing but calm on this, and I’ve kept it narrowly topical.

but that freeing up that portion of the budget isn't going to solve a damn thing.

Freeing up that portion of the budget would solve the equivalent dollar value’s worth of things. What those specific things would or should be is above my pay grade. Though I’d suggest that maybe a portion of it could go to boost OAS or GIS at much lower income brackets. I’ve seen senior poverty and it sucks. Or we could buy a train or something, I dunno.

 

[The Bread Guy]

Move the GIS/OAS/CPP material to the thread already in play on that one - carry on.

Army.ca Staff

 

[HavokFour]

The reshuffle is in.

Chong to finance, Duncan to foreign affairs in Conservative front bench shuffle​

Poilievre Announces Conservative “Affordability Team” to Form Renewed Shadow Cabinet - Conservative Party of Canada

Ottawa, ON –The Hon. Pierre Poilievre, Leader of His Majesty’s Loyal Opposition and Leader of the Conservative Party of Canada, released the following statement today announcing the Conservative Affordability Team, his renewed Shadow Cabinet that will fight for Canadians to bring home lower...

www.conservative.ca

 

[MilEME09]

PM Carney concedes Trudeau's emissions targets are not sustainable for the long term growth of the country. Once again not afraid to admit the previous plan isnt working

Carney concedes emissions targets will not be met, touts new energy plan

As Prime Minister Mark Carney attempts to make Canada an energy superpower, he is conceding for the first time that the country’s greenhouse gas emissions will be “higher in the next few years” than projected under the previous government’s plan.

www.ctvnews.ca

 

[brihard]

PM Carney concedes Trudeau's emissions targets are not sustainable for the long term growth of the country. Once again not afraid to admit the previous plan isnt working

Carney concedes emissions targets will not be met, touts new energy plan

As Prime Minister Mark Carney attempts to make Canada an energy superpower, he is conceding for the first time that the country’s greenhouse gas emissions will be “higher in the next few years” than projected under the previous government’s plan.

www.ctvnews.ca

Good. It’s gonna piss some people off, but reality has a way of doing that.

 

[Altair]

https://www.cbc.ca/news/business/april-gdp-numbers-canada-9.7253694

Hey, the economy grew 0.5 percent in april. Not a quarter. Just April. If this were to continue on a annualized basis, we are talking 6 percent GDP growth (clearly not going to happen, but a sign of strength)

Canada's economy showed signs of rebounding by growing 0.5 per cent in April, reversing months of slow and negative economic growth.

"The mining, quarrying and oil and gas extraction sector rose 2.9 per cent in April, the largest monthly growth rate since February 2024 (+3.2 per cent), more than offsetting March's 1.4 per cent contraction," the agency said in the report.

Industries outside of natural resources also expanded, including the manufacturing sector (0.6 per cent) and the public sector (0.4 per cent). The report said federal government public administration grew for the first time in four months, while defence services grew for the seventh consecutive month.

Fourteen of 20 industrial sectors grew in April, according to the report.

I for one look forward to those youtubers who bemoaned the technical recession to praise this.

 

[Maxman1]

https://www.cbc.ca/news/business/april-gdp-numbers-canada-9.7253694

Hey, the economy grew 0.5 percent in april. Not a quarter. Just April. If this were to continue on a annualized basis, we are talking 6 percent GDP growth (clearly not going to happen, but a sign of strength)




I for one look forward to those youtubers who bemoaned the technical recession to praise this.

 

[brihard]

I’ve posted PM Carney’s new ‘Forward Guidance’ video in the Pipelines, Energy and Resources thread, but I figured it’s topical to this one here too so here’s a cross link.

PM Carney has released another one of his ‘forward guidance’ videos, this one specifically on the energy sector. It’s very interesting. 17 minutes or so. Typing as I go:

He very specifically gives a nod to Albertan objections to the National Energy Program, phrased as he was living in Alberta at the time.

He touches on the history of hydroelectric in Ontario and Quebec and even evokes Quebec’s ‘Maitres chez nous’ (masters of. our own home) approach to hydroelectric. He also talks about energy as something that should be unifying Canada.

He’s explicitly supportive of Canada’s conventional energy sector. “Nobody knows how long the global economy will rely on conventional energy, but while it does, as much of that energy as possible should come from Canada”.

He’s explicitly highlighting how expanding our oil markets outside of the U.S. will improve prices and options.

He noted our numerous LNG projects, and how Canadian LNG will help build resilience in foreign partners.

He turns to electricity costs and broader economic electrification. “We need affordable home grown energy, and a lot of it”. He reiterates the previous announced National Electricity Strategy and Nuclear Energy Strategy, and plans to double the power grid.

He talks about reforming permitting and approvals.

He turns back to oil and gas, that reopening flow through the Strait of Hormuz is easy, but rebuilding supply trust will be hard, and that Canada’s ideally positioned to take advantage of this.

He speaks to the world as it is now, not in 2015, and that events have surpassed Canada’s climate strategy. Climate change is still a crisis, but the previous approaches don’t suit the times. “We can’t afford to restrain the growth of an important part of our energy mix, oil and gas, to meet a short term goal”. He explicitly says emissions will be higher over the next few years, and links this back to affordability and our need to work with partners to better diversify our economic relationships.

 

[Altair]

Happy Canada day all