Canadian Federal Politics Thread v5

[Azure]

Originally Posted by Firebot

Way to kill off the Ontario and Quebec vote in a single soundbyte. Poilievre is already using it.

What the hell is he thinking? Ontario and Quebec are the top steel producers of the country, and steel manufacturing are at near record highs. It's a vital part of our manufacturing.

Saying we don't use steel anymore is an absolute moronic novice politician mistake.

The guy is an elitist loser who has no idea how the real world works.

Are you surprised he has no idea how steel is actually used in producing stuff?

[calgarygeologist]

Originally Posted by Azure

Well at this point Carney is turning into a complete buffoon.

Ouch of touch is one thing, a complete moron who has no clue how the economy works is another thing.

But BoC and BoE. I don't doubt he knows macro and micro economics but as he does more interviews it definitely becomes apparent that he is very much out of touch with Main Street. He either doesn't understand the common man or he can't speak to them properly.

[Fuzz]

Originally Posted by Azure

The guy is an elitist loser who has no idea how the real world works.

Are you surprised he has no idea how steel is actually used in producing stuff?

This is an astounding statement coming from you, directed at the guy with this experience:






Yes, I'm sure he has no idea how the world works, so we should probably just listen to morons instead.

[Azure]

Oh look, nobody was talking about PP, but because he lives rent free in Fuzz's head, here we are.

[Slava]

Originally Posted by Azure

Oh look, nobody was talking about PP, but because he lives rent free in Fuzz's head, here we are.

Honestly, when you said he has no idea how the real world works, I assumed you were talking about Poilievre. I mean he’s literally never held a job other than politics.

[PepsiFree]

Originally Posted by Weitz

"How much steel you using these days?"

Got em pepsi.

Buy and use a lot of Canadian steel, Weitz?

[Azure]

Originally Posted by Slava

Honestly, when you said he has no idea how the real world works, I assumed you were talking about Poilievre. I mean he’s literally never held a job other than politics.

Well given that Carney is supposed to be this super smart saviour of the Liberal Party with all this 'real world experience' the fact that he doesn't understand how steel is a part of our everyday lives makes him look like an even bigger moron. Especially if you want to trot out the 'well PP has never held a real job.'

[Geraldsh]

I doubt either one knows much about laying pipe. Canadian steel makers should produce enough to lay a pipeline down the centre of the transcanada highway- then we could move some oil!

[Cowboy89]

Originally Posted by calgarygeologist

But BoC and BoE. I don't doubt he knows macro and micro economics but as he does more interviews it definitely becomes apparent that he is very much out of touch with Main Street. He either doesn't understand the common man or he can't speak to them properly.

The former head of the BoC and BoE is not ignorant in any way. What you are seeing is a shift in policy to obscure the direct cost impacts of carbon policy to consumers. Cost of living from food, inflation, heating, electricity prices etc has really been the prime irritant of the electorate and what ultimately cost Trudeau his job and the big reason for PP’s ‘axe the tax’ slogan. To disarm that Carney is going to simply remove it as a visible line item from consumers bills. Regardless of approach there isn’t a world that exists where climate action doesn’t ultimately get passed on to the consumer at the end of the day, it will just be more difficult to blame climate action for higher prices after removing a consumer carbon tax.

[simmer2]

Originally Posted by PepsiFree

Buy and use a lot of Canadian steel, Weitz?

Cars. Energy. All buildings.

Without thinking too hard, all those things use steel.

And I think everyone uses those.

[simmer2]

Originally Posted by Cowboy89

The former head of the BoC and BoE is not ignorant in any way. What you are seeing is a shift in policy to obscure the direct cost impacts of carbon policy to consumers. Cost of living from food, inflation, heating, electricity prices etc has really been the prime irritant of the electorate and what ultimately cost Trudeau his job and the big reason for PP’s ‘axe the tax’ slogan. To disarm that Carney is going to simply remove it as a visible line item from consumers bills. Regardless of approach there isn’t a world that exists where climate action doesn’t ultimately get passed on to the consumer at the end of the day, it will just be more difficult to blame climate action for higher prices after removing a consumer carbon tax.

Until someone figures out how to reduce China and India's impact on the environment, any extra taxes in Canada to 'fight climate change' are largely a waste.

They just end up being a huge waste of money to employ more bureaucracy. Which is the nature of all government.

[calgarygeologist]

Originally Posted by simmer2

Cars. Energy. All buildings.

Without thinking too hard, all those things use steel.

And I think everyone uses those.

Steel cut oats every morning.

[PepsiFree]

Originally Posted by simmer2

Cars. Energy. All buildings.

Without thinking too hard, all those things use steel.

And I think everyone uses those.

If steel goes up by a few percentage, how much is that going to impact the price of gas? Because it’s going to do #### all to the price of my car, home, or how much it costs me to enter a building.

[GGG]

Originally Posted by PepsiFree

If steel goes up by a few percentage, how much is that going to impact the price of gas? Because it’s going to do #### all to the price of my car, home, or how much it costs me to enter a building.

Roughly speaking metals probably are about 30% of the capital cost an oil sands project. The capital payback is probably about 70% of the costs. So my back of a napkin guess would be about 10-20% of the cost of gas would track with price of Steel and Copper.

Probably a similar story with electricity. (At least gas based)

[simmer2]

Originally Posted by PepsiFree

If steel goes up by a few percentage, how much is that going to impact the price of gas? Because it’s going to do #### all to the price of my car, home, or how much it costs me to enter a building.

Buildings cost money to build. Those costs go up, they charge the developer, who charges more for leases, which get passed onto the consumer.

Everything is for the consumer eventually, so everyone will pay more.

It will absolutely cost you more. Businesses will pass along all additional costs.

[Cowboy89]

Originally Posted by simmer2

Until someone figures out how to reduce China and India's impact on the environment, any extra taxes in Canada to 'fight climate change' are largely a waste.

They just end up being a huge waste of money to employ more bureaucracy. Which is the nature of all government.

It’s not just India and China. The BRICS and now the USA basically don’t care. That leaves parts of Europe and Canada (~10% of global emissions) that are making this any kind of a priority right now.

[Mr.Coffee]

Originally Posted by Cowboy89

It not just India and China. The BRICS and now the USA basically don’t care. That leaves parts of Europe and Canada (~10% of global emissions) that are making this any kind of a priority right now.

and even arguably our countries don't care either.

Look at how people live their lives. Are they changing? No?

Then they don't care.

[Manhattanboy]

The federal election should be now. Not in the fall. Not in the summer. Not in the spring.

Right now! Right ####ing now!

[StickMan]

“Tiff Macklem, the so-called head of our central bank, just announced the sixth consecutive rate cut, slashing the overnight rate to 3%. On the surface, that might sound like good news for some. Cheaper mortgages, maybe a little relief on your debt. But let’s be real—this isn’t economic strength. This is a blinking red warning light that our economy is in free fall.

And here’s what they’re not telling you: The Bank of Canada isn’t just cutting rates. They’re restarting asset purchases in March—which, in plain English, means they’re turning the money printers back on. This is what central banks do when they’re out of real solutions. When they can’t grow the economy naturally, they inflate their way out of the problem. The same reckless policy that triggered the inflation crisis in 2021 is coming back, and they’re hoping you’re too distracted to notice.

So why are they doing this? Because Canada’s economy is collapsing.

The Real Reason Behind the Rate Cut: An Economy in Crisis

Let’s talk about what Macklem actually admitted during this press conference:

1. The Labour Market is Falling Apart

For years, we were told that mass immigration was necessary to keep the economy running. The claim was simple: “Canada has a labor shortage, and we need millions of new workers to fill the gaps.”

Well, guess what? Unemployment is now at 6.7% and rising.

That means millions of Canadians are jobless while the government continues to flood the labor market with new arrivals.

Job creation hasn’t kept up with the growing workforce for more than a year. That means more people are looking for work than actually finding it.

Wage growth is stagnant. Even if you have a job, inflation has wiped out any real increase in income.

So, What Happened to the “Labor Shortage”?

It was a lie.

The real reason behind mass immigration wasn’t to fill labor shortages—it was to inflate GDP numbers, suppress wages, and benefit big business.

The government wanted cheap labor for corporations that didn’t want to pay fair wages to Canadians.

They artificially pumped up GDP by bringing in millions of people without ensuring there were enough jobs for them.

Now, even as record numbers of people enter the country, unemployment is rising.

Mass immigration didn’t “fix” the labor market—it broke it.

2. The Housing Market is Being Artificially Inflated (Again)

Macklem openly admitted that lower borrowing costs are driving up the housing market again.

That means home prices will keep rising, making it even harder for first-time buyers to enter the market.

Who benefits from this? Big banks, real estate speculators, and the Liberal government, which desperately needs economic activity to mask its failures.

3. The Trudeau Government’s Immigration Cuts Will Slow GDP Growth

The Bank of Canada is now forecasting lower economic growth because of reduced immigration targets.

Think about that for a second: The only reason GDP was even projected to grow before was because Trudeau was flooding the country with immigrants, many of whom ended up in shelters or living in tents.

Now that they’re cutting back, the entire growth projection has been revised downward—which tells you just how weak Canada’s real economy is.

The Elephant in the Room: The Coming Trade War with the United States

Now, here’s where things get really ugly. The biggest risk to Canada right now isn’t even internal—it’s the United States.

Macklem just admitted outright that the biggest threat to our economy is Trump’s looming tariffs. If Donald Trump follows through on his promise to impose 25% tariffs on Canadian exports, it will wreck this economy overnight.

And let’s be clear—this is a direct result of Trudeau’s weak leadership on trade.

What happens if these tariffs go into effect?

The Canadian dollar collapses even further. It’s already hovering around 69 cents to the U.S. dollar, a clear sign that global markets have lost confidence in Canada.

Exports get hammered. When Trump slaps tariffs on Canadian goods, our products become too expensive to compete in the U.S. market. That means factories will close, thousands of jobs will be lost, and economic growth will grind to a halt.

Inflation skyrockets. Macklem admitted that a weaker dollar means higher prices on everything we import, including food and machinery. Get ready for your grocery bill to skyrocket—again.

What’s the Bank of Canada’s plan for this? They don’t have one. Macklem said so himself.

“We don’t know what new tariffs will be imposed, when, or how long they will last.”

Translation: They are flying blind.

And worse, Macklem even admitted that monetary policy CAN’T fix this problem. He’s literally saying, “We’re out of ammo.” The only tool they have is interest rates, and even those won’t help if we’re hit with a full-scale trade war.

So What Happens Next?

Here’s the real truth they won’t tell you:

The Bank of Canada is now out of real options. They’ve already slashed rates from 5% to 3%, and they’re hinting at more cuts. That means inflation is coming back.

We are heading straight for a debt crisis. With interest rates falling, people are going to borrow more, spend more, and drive the country further into debt.

If Trump imposes tariffs, we will see mass layoffs, collapsing business investment, and food price inflation that makes 2022 look mild.

Canada is completely unprepared. Trudeau’s government has spent the last decade hollowing out our economy, sending manufacturing jobs overseas, and failing to secure real trade deals.

Final Verdict: Canada is on the Edge of a Cliff

This isn’t speculation. This isn’t fear-mongering. This is reality.

Tiff Macklem just told us, in the politest way possible, that we are about to get hit by an economic train—and there is no plan to stop it.

If you have savings, protect them. The dollar is collapsing.

If you think prices are high now, buckle up. Inflation is coming back.

If you have a job in manufacturing, be worried. Trade war means layoffs.

Meanwhile, Justin Trudeau, Marc Carney and Chrystia Freeland will pretend this isn’t happening while they continue their woke spending spree on climate scams, foreign aid, and government bloat.

And let’s not forget: Trump warned us.

He said he was going to prioritize American jobs. He said he was going to play hardball with Canada. And Trudeau ignored him.

Now, Canada is completely vulnerable, and the people who will suffer aren’t the bureaucrats in Ottawa—it’s you.

This is what happens when you let incompetent leaders run the country.

This is what happens when you destroy your energy sector, inflate your housing market, and rely on immigration to fake economic growth.

And now, the Bank of Canada is panicking, printing money, and hoping you don’t notice.

Guess what? We notice.

Trudeau....

[Fuzz]

Originally Posted by Azure

Oh look, nobody was talking about PP, but because he lives rent free in Fuzz's head, here we are.

Should I have ####ing cropped the image for you? Holly ####, do you ever know how to miss the point. So back to the point, do you suppose you know how the world of finance works better than Mark Carney?