During the first 10 years of Liberal government — the Trudeau years — business investment per worker in Canada fell 18.8 per cent from $20,310 in 2014 to $16,493 in 2024 (inflation adjusted), according to the Fraser Institute.
Over the same period, U.S. business investment per worker rose 31.3 per cent from $23,263 to $30,555, which means U.S. investment levels are now nearly double ours.
OTTAWA — The Liberal government has yet to say whether it plans to extend Canada’s ban on foreign homebuyers, even as internal briefing notes warned time is running short to renew the policy through the existing regulatory process before the ban expires.
If the government does nothing, Canada’s ban, which first came into force in 2023, will sunset automatically on Jan. 1, 2027. The ban currently prevents anyone who is not a Canadian citizen or permanent resident from purchasing a home in any urban area in the country.
A lot happened in Ottawa just before we went into the field with our latest national survey.
The federal government advanced a new pipeline proposal to the West Coast, moved ahead with plans to buy up to 12 new submarines, changed the rules governing Senate appointments, and pursued new defence and economic partnerships abroad.
The media won’t have as easy a time keeping Carney afloat as they did Trudeau, some of us have learned to see through the grift.
A new poll finds that the majority of Canadians support both the Alberta-B.C. pipeline and the Alberta-Ontario pipeline, though one of the two was favoured by survey respondents.
The poll, conducted by the Angus Reid Institute, revealed that the proposal for a new pipeline from Alberta to B.C. received 63 per cent support, while the plan to bring oil to Sarnia, Ontario, received 55 per cent support.
Canada’s building boom is slowing, but still very much alive–even without population growth. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts slipped in June. BMO Capital Markets wrote to investors, explaining volumes of new housing aren’t a concern. However, they note Canada is building a “nation of rentals,” as most new units will be for purpose-built rentals (not homeowners) for the first time ever.
Prime Minister Mark Carney’s promise to lead Canada out of the economic and foreign policy shadow of the United States, and his bizarre Davos plan to lead a Thucydidean “middle power” revolt against Washington, has accomplished virtually nothing. Highly publicized overtures to China and western Europe are inconsequential. The United States still buys 68 per cent of our exports and provides 56 per cent of our imports.
A rear-view glance to this month’s NATO summit should prompt a look to the future, asking how Canada plans to achieve its commitment to spend 5 per cent of GDP on defence by 2035. For Canada to meet the NATO pledge, it will have to make difficult choices on taxes, spending and borrowing. Making these choices requires a credible fiscal plan – and it needs to come in the fall budget.
Ron Wyden wants the Trump administration to treat one of America’s allies as a counterintelligence threat.
The Oregon senator wrote to acting Attorney General Todd Blanche and Secretary of State Marco Rubio, who is doubling as acting national security adviser, on July 16.
His warning centers on an invasive surveillance bill moving through Canada’s Parliament that could turn American technology companies into tools for spying on Americans.
OTTAWA — Dennis Lu, the Natural Resources Canada scientist at the center of one of the most consequential foreign-interference prosecutions in the country’s history, co-authored a scholarly book on carbon-capture technology that his publisher released in December 2024 — months after Canada’s national security police had already detained him. The Bureau has confirmed Lu’s co-author was a Chinese professor who is also a Communist Party personnel official: the man who, since 2020, has helped run the recruiting machinery at Southeast University in Nanjing and today directs its Talent Work Office.
Mexico’s foreign secretary says his country isn’t looking to cut a deal with the U.S. if it means abandoning the trilateral trade pact with Canada.
When asked Friday if Mexico would go it alone on a trade deal with the U.S., Roberto Velasco Álvarez shook his head and said all three countries that make up the Canada-U.S.-Mexico Agreement (CUSMA) have bilateral issues to work on.
They did last time freezing out Freeland.
Canada and the US agreed to split the profit from a new bridge between Ontario and Michigan for 15 years — with no provision to cover Canada’s debt-service costs on the project, according to a copy of the pact seen by Bloomberg News.
The agreement in principle covering the Gordie Howe International Bridge appears to contradict earlier public remarks from Prime Minister Mark Carney. And it shows what Canada conceded to get the President Donald Trump’s administration to stop blocking the 1.5-mile bridge over the Detroit River.
Carney lies always.
Five years after the Kamloops “graves” controversy first erupted, and with zero bodies discovered, First Nations chiefs are pushing hard to make residential school denialism an imprisonable offence.
But Canadians should not have to face up to two years in jail for denying what the chiefs describe as their “truth.” Are we only to speak about the horrors of residential schools, or will survivors with “warm memories” face prison?
It’s no accident Prime Minister Mark Carney presided over the worst record of economic growth during his first year in office of any Canadian PM in more than half a century.
Actually, it was negative growth of 0.05% as reported by Bloomberg News.
Despite that, a Nanos-Bloomberg poll showed most Canadians are satisfied with Carney’s performance on the economy.
Northern Ontario continues to be on fire, blanketing southern Ontario and northern U.S. states in thick smoke, while the foreign affairs minister announced over $125M in funding for Brazil and an agreement between the two countries to fight wildfires.
h/t Mauser
Defence Minister David McGuinty is expected to announce next week in the United Kingdom that Canada will play a role in an international program to build the next generation of stealth fighter jets, CBC News has learned.
Canada has reached a deal to join the Global Combat Air Program as an “observer,” Canadian government sources said.
The U.K., Japan and Italy are all partners in the multibillion-dollar program to develop and build the sixth-generation fighter jet by 2035.
Lots of money to fall into the wallets of the connected.
