Canada’s Corrupt Liberal Government

On Tuesday, the federal government released its spring fiscal update, revealing a whopping budget deficit this year and continued high deficits in years to come. Despite promising a “very different approach” from his predecessor, Prime Minister Mark Carney continues to dig a deeper hole, particularly for younger generations of Canadians.

To quickly recap, the Trudeau government borrowed historically-large amounts of money to fuel its voracious spending habits. As a result, federal per-person spending and debt reached the highest levels in Canadian history (adjusted for inflation) while the government ran nine consecutive budget deficits. In other words, Trudeau created a fiscal mess.

Congratulations, Canada! On Monday, our nation joined an exclusive club: countries with sovereign wealth funds. Norway, Kuwait and other resource-rich nations have long tapped royalties and budget surpluses to fund investment vehicles: in this era of geopolitical uncertainty and an erratic neighbour, Prime Minister Mark Carney thinks it’s time Canada does the same.

While Prime Minister Mark Carney plans to double Canada’s non-U.S. exports to $600 billion annually in 10 years, a new study by the Fraser Institute suggests it’s probably unachievable.

In other words, the prime minister’s target may be an aspirational one, rather than real.

Until recently, the only CBC television program I would watch was “Still Standing,” hosted by comedian Jonny Harris. The show tackled the many examples across Canada of business failures and how their host communities had tried to recover — and are still standing. Communities like the one I live in, Nipigon, which in 2007 lost the Multiply Forest Products plywood mill to fire. A devastating event that came on the heels of the permanent shutdown of the Norampac container board mill in nearby Red Rock the year before. Two small towns on the north shore of Lake Superior were hit hard by the sudden closure of their primary industries within a year of one another.

The thing about the new Canadian “sovereign wealth fund” (SWF) announced on Monday by Prime Minister Mark Carney is that, judging by what we know so far, it’ll be pretty much the opposite of what he’s comparing it to.

The prime minister cited Norway as a leading example of a country with a successful SWF — and so it is.

The Norwegian Government Pension Fund — Global, to use its full name, has been fantastically successful. Since it was founded in 1990 it’s grown to a staggering $2.2 trillion U.S., or just over $3 trillion Canadian.

The takeaway from Mark Carney’s announcement of a new Sovereign Wealth Fund for Canada might just be that big government is back. Of course, this being Canada, big government never really left.

Even under supposedly conservative governments, we see tax dollars being “invested” in the economy, picking winners and losers and doing what the private sector should but won’t do.

European Union top brass says Carney is off to Armenia this weekend for summit

OTTAWA – The European Union says Prime Minister Mark Carney will be in Armenia this weekend as part of a summit focused on strategic issues.

Carney’s office has not publicly confirmed the visit, but European Council President Antonio Costa says on social media that the prime minister will be attending.

The European Political Community summit will take place in the Armenian capital, Yerevan, with a focus on strategic co-operation for the continent’s politics, security and infrastructure.

Conservative MPs are calling on the auditor general to probe the federal government’s handling of a $250-million program which reportedly is set to be scrapped next month.

PrescribeIT was launched in 2017 to modernize the way doctors send prescriptions to pharmacies, and to phase out older technology such as fax machines.

But Canada Health Infoway, the not-for-profit organization which runs PrescribeIT and is funded by the federal government, says the program will end May 29 as it transitions to an “an open-standards approach” for electronic prescriptions.

Another scandal?

Canada is launching a government-owned investment fund to pay for major development projects in the country, Prime Minister Mark Carney has announced.

The Canada Strong Fund, a first for the country, will invest in energy, infrastructure, mining, agriculture and technology, with an initial contribution of C$25bn ($18.4bn; £13.5bn).

The fund will also allow Canadians who have “a bit of extra money” to invest into it directly, but experts have warned it risks “limited returns”.

Ahead of Prime Minister Carney’s announcement today, Im going to give you the downside of this fund.

He’s launching the $51 Billion “Strong Canada Fund.” But here’s what they aren’t telling you: That’s YOUR taxpayer money being locked away in a state-owned “Sovereign” fund.… pic.twitter.com/Qj8WDTS94G

— Unfiltered With Kels (@unfilteredwkels) April 27, 2026

The federal Liberals will table their spring economic update today, with Prime Minister Mark Carney hinting at a rosier bottom line and smaller-than-forecasted deficits.

“There will be good news [Tuesday] with the spring update on the fiscal situation, the government’s performance against our deficit targets, the government’s performance on getting spending under control,” Carney said Monday, while unveiling his plan to create Canada’s first national sovereign wealth fund.

Canadians will get more details of that performance when Finance Minister François-Philippe Champagne tables the fiscal update after 4 p.m. ET.

The background pic in the Carney clip is “Toronto – 18 William Street, August 28, 1914.”

Not all that long ago. This is what Carney and his ilk hope for you.

“Most of the Ward’s residents have no indoor plumbing and no toilets. Sanitation standards and public health regulations don’t exist.”

Certainly suitable for our replacements so there’s that.

When Prime Minister Mark Carney won government last year, several issues important to Canadians were awaiting his immediate attention.

And while it seems many Canadians think he and his cabinet have done a respectable job addressing some, a new Angus Reid Institute (ARI) poll shows the priorities at the top of most voters’ minds, including those of Liberal balloters, are not getting the attention they deserve in Ottawa.