Category Archives: Canada’s Corporate Welfare Class

BONOKOSKI: As Trump threatens tariffs, Trudeau Liberals have no Plan B

While the sky has yet to fall on NAFTA, it’s getting close.

As our prime minister was tootling around touting the progressive programs he unveiled in last week’s gender-parity budget, U.S. President Donald Trump was tossing lightning bolts.


Canada’s Economic Development Bank loaned 52 million to corrupt cronies of SA’s deposed Zuma for a “missing” Bombardier jet

Canadian bank lent controversial South African family $52M for a luxury jet, which is now missing

In 2014, Canada’s state-owned export-import bank, Export Development Canada (EDC) approved a US$41-million (C$52-million) loan to South Africa’s Gupta family to buy a luxury jet, who then defaulted on the loan and hid the plane after a string of political corruption scandals.

More… Canada lent a South African family $41million to buy a luxury jet which is now missing

I would check Justin’s garage.

h/t DM


Customers get their $25 Loblaw gift card as compensation for overpriced bread

Loblaw’s attempt to make amends for its part in a bread price-fixing scandal with $25 gift cards appears to be paying off — at least for some customers.

The grocer started mailing the rebates this week to people who’ve already registered online. Loblaw said the gift cards should take six to 12 weeks to arrive and customers have until May 1 to sign up.

This being Canada where it pays to be a white collar criminal no one will go to jail for this, a stern letter or wagged finger is about as severe a punishment any will face.


‘Slippery slope’: Opposition mounts to Canadian media’s plan to block piracy websites

Opposition is mounting to a media coalition’s plan to block Canadians from accessing piracy websites.

Many people fear that the plan — backed by big players such as Bell, Rogers, and CBC — could lead to rampant internet censorship.

“It starts with ‘blocking piracy’ and ends with corporations blocking information that opposes their goals and viewpoints,” wrote Thomas Herr from Barrie, Ont., in a submission to the CRTC on the issue.

He’s one of more than 5,000 Canadians who has submitted an opinion on the piracy site blocking plan to the CRTC after the broadcast regulator invited comments.

Many submissions express deep concern about the proposal.


MALCOLM: The fight again carbon taxes is the policy fight of our lives

The fight against a national carbon tax is the policy fight of our lifetime. Every taxpayer in the country, and especially every conservative who believes in the principle of limited government, should do everything they can to stop this devastating tax grab.

Make no mistake, the carbon tax initiative is not about protecting the planet. It isn’t designed to lower pollution levels, enable so-called green innovation or even to curb carbon emissions.

The carbon tax is designed to give the government more power, more money and more top-down control over the economy.


How Canada became an offshore destination for ‘snow washing’

Canada is one the world’s most opaque jurisdictions when it comes to identifying the owners of private companies and trusts, according to anti-corruption campaigners who say that more rigorous checks are required to obtain a library card than to set up a company in the country.

“Anyone can start a company in Canada. It costs about C$200 and the owner of the company can remain completely anonymous,” said lawyer Mora Johnson, who recently authored a report detailing the country’s lax rules around corporate registration.

While publicly traded firms in Canada are required to disclose major shareholders, private companies need only note their directors, allowing those who own, control or benefit from the firm to remain in the shadows.


The Great Replacement: Liberals speed up foreign spouse reunions, tackle application backlog

Weaponized immigration. Make no mistake.

Mass immigration is not a not an economic need in an age of increasing automation and a declining job market. It creates contrived shortages in housing, reduces wages, strains public services and creates a low trust society.


It pays to be a white collar criminal in Canada…

No one is going to jail for this…

At least 7 companies committed indictable offences in bread-price fixing scandal: Competition Bureau

Fun Fact! Canada Bread is owned by Mexico’s Grupo Bimbo!

I can see the attraction our Latin cousins hold for the cartel friendly business climate of Canada, it’s just so much like home.


John Ivison: Canada spends $29B a year on business subsidies — and half of it is wasted

An important new study has for the first time calculated the total amount the federal government and four largest provinces spend on subsidizing businesses — a staggering $29 billion a year — and it estimates more than half of that spending is wasted.

The aim of the spending in most cases is to improve economic performance. But the analysis by John Lester, an executive fellow at the University of Calgary’s School of Public Policy, suggests programs like subsidies to attract foreign companies to shoot movies in Canada don’t work.

“Because government intervention is costly … just under half of overall business subsidies fail to improve economic performance,” he says.


Fresh signs we’re about to make a big mistake legalizing marijuana

To the long list of improbable things only government could do, there is one more item to add: Lose money selling drugs.

You may remember the scene in The Godfather in which a summit of mafia dons debates the infamia of selling drugs. Their concern was the evident immorality of exploiting addiction, not a lack of profit: “If you put up three-, four-thousand-dollar investment,” the Detroit don says, “we can make fifty thousand distributing.” In the end, they resolved their morality-profitability dilemma by agreeing not to deal drugs near schools or to children.


Bonokoski: High times for provinces as Mr. Big ups split on pot

So, pot czar Justin Trudeau, realizing his actual street dealers were on the verge of a revolt, turned to his Mr. Big, Bill Morneau, and told him to divvy up a more saleable split of the profits from upcoming pot deals.

When profits are projected to be in the billions, honour among thieves, and we say “thieves” with all due respect, begins to lose its lustre.


Trudeau says purpose of China trade deal is to prevent democracy from breaking out

Yes he really said that.

BEIJING — Pursuing free trade with China and preserving the North American Free Trade Agreement are part of Canada’s international mission to combat the rising tide of populism, Prime Minister Justin Trudeau said Tuesday.

…Trudeau characterized his trade ambitions with China, NAFTA and pursuing other deals in Asia, including a new version of Trans-Pacific Partnership, as part of Canada’s fight against the protectionist tide most closely associated with the Donald Trump administration in Washington.

Free Trade has been a one way street that benefits our corporate welfare class. Justin is not a PM, he is a useful Idiot doing his master’s bidding.


Chief Liberal Party fundraiser tied to $8M loan to offshore trust in Cayman Islands

Newly discovered documents from the Paradise Papers show the Liberal Party’s top fundraiser, Stephen Bronfman, was directly linked to companies that were owed millions by an offshore Cayman Islands trust well into the 2000s — despite his strong denials he had any involvement in the trust after 1998.

The documents show how a Delaware-based company closely connected to the Montreal-based financier was owed $8 million from the Kolber Trust, set up for former Liberal Sen. Leo Kolber and his family in the no-tax Cayman Islands.