Canadian Federal Politics Thread v5

[Doctorfever]

Originally Posted by PepsiFree

Well he’s not PP, Smith, Trump, Musk, or a far right individual actively implicated in a major scandal or doing something insane like calling for the death of millions so he’s obviously doesn’t meet Doctorfever’s requirements for “benefit of the doubt.”

What are your thoughts on what Jagmeet Singh had to say about the situation?

NDP Leader Jagmeet Singh chided Carney for being “personally responsible” for the Bermuda decision, arguing it was “for the sole reason of avoiding paying taxes.” He said the move means there is less cash for Canada to invest in services for seniors and health care, telling Toronto reporters it makes him “wonder” about who Carney is fighting for.

[Cappy]

Originally Posted by 2ArmBands

Okay? Are there other economic statistics or projections you prefer? Alberta and Saskatchewan economies will likely shine in whatever statistic you prefer.

Manufacturing. Finance. Non resource related industries

Saudi Arabia is killing it too. I don’t see many calling it a beacon of economic exceptionalism

[Cappy]

Originally Posted by Doctorfever

What are your thoughts on what Jagmeet Singh had to say about the situation?

Mark carney had a fiduciary obligation to Brookfield shareholders. You don’t like it, blame capitalism

It’s weird seeing all these CPC die hards #### on Carney for being pro-business?

[IliketoPuck]

Originally Posted by Doctorfever

Ohhh I am sure there will be plenty of questions for him to dodge.

Honest question for you, because I don’t know your background.

Are you knowledgeable about fiduciary duty and how it specifically relates to asset management?

If you aren’t please feel free to DM me, and I’d be more than happy to chat with you about it, either through CP or a different venue.

Have a great night!

[Slava]

Originally Posted by Vedder

Is it also meaningless that Canada’s GDP per capita is declining?

It’s the most widely recognized proxy for the health of an economy. If it’s shrinking then so is the capacity of the state to fund programs, etc.

This thread continues to deliver a steady stream of utter nonsense, with a heavy dose of sanctimony.

GDP per capita has a bunch of drawbacks though. It’s used a lot because it’s easy, but we quite often see this as a comparison with the US and those issues shine through. Things like inequality distort the figure. So you have massive companies in the US dragging everything higher, but you also have a significant gap between the rich and poor which gets papered over with GDP per capita. Economies that are resource rich also look better than others for a similar reason.

People pull this out for political reasons, and here we see it to try to suggest that Canada is crashing hard, and it’s the fault of the government. Well the GDP has grown, albeit slower than the population. Could things be better? Absolutely, and I don’t deny that. But it’s not the doom and gloom that people are trying push. And using Alberta and Saskatchewan to say “look those conservatives in power are amazing because GDP per capita is so good!” is just misleading.

[GGG]

Originally Posted by Doctorfever

Guess if he would disclose his assets it would help determine his integrity. But he doesn’t want to do that for…. Reasons.

Again is this a genuine question or when he discloses he has a #### tonne of Brookfield will you still criticize him?

Can you walk me through why you want to know now? He isn’t making decisions right now for us to evaluate his conflict in. What particular holdings would make you upset? What particular holdings would ease your mind?

[calgarygeologist]

Originally Posted by Doctorfever

Loopholes to close!!

I like that one, thanks!

“Hey Mark, you gonna close any of those tax loopholes you have been using to avoid paying taxes in Canada?”

We need some tax reform in Canada and maybe Mark Carney can model our tax system after Bermuda since it works so well that companies make more money, find efficiencies, make more money for clients and still generate taxes for public services.

[Fuzz]

Originally Posted by Doctorfever

What are your thoughts on what Jagmeet Singh had to say about the situation?

Jagmeet is campaigning. This is what you do in a campaign. Are you looknig for something deeper?

[Cowboy89]

Originally Posted by Slava

People pull this out for political reasons, and here we see it to try to suggest that Canada is crashing hard, and it’s the fault of the government. Well the GDP has grown, albeit slower than the population. Could things be better? Absolutely, and I don’t deny that. But it’s not the doom and gloom that people are trying push. And using Alberta and Saskatchewan to say “look those conservatives in power are amazing because GDP per capita is so good!” is just misleading.

There are some things moving the needle on that measure that the Liberals were not responsible for and items they either directly or indirectly are responsible for:

Not Responsible for:

1) The time period of that chart uses 2014 as the baseline. The oil price crash of 2014-2015 due to OPEC's market share war with US shale that crashed Canada's largest export sector and devalued the Canadian dollar that would have debased the dollar value for GDP in that calculation relative to US dollars. That's likely one of the biggest reasons for underperformance relative to other economies on the numerator of of the per capita calculation and that in of itself has no responsibility with the Trudeau Liberals.


Almost 100% responsible for:

Immigration - the Liberals increased immigration levels for new citizens, permanent residents, and temporary residents including international students at exponential rates from 2015-2024. Managing this lever on the denominator of the GDP per capita measure was/is directly in the Liberals control.

Partly responsible for:

Environmental policies that made Canada less attractive for investment in the resources sector inhibiting a full recovery from the OPEC price war from 2014-2016.

[madmike]

As long as Trump keeps up the tariff pressure, the other issues aren’t going to matter. No one’s going to care about potential conflicts of interest, or tax games. They’re going to vote for who they think will fight Trump. And PP ceded that ground to the Liberals.

With a good debate I think the Cons have a chance at a minority. But any hope of a Con majority is gone thanks to Trump.

[Fuzz]

Oh look, we don't even need to recruit them. They are desperate to come here.

Cross-border politics have cost the UCSF Medical Center a leading heart surgeon from Canada who was set to start his job this month but changed his mind. The reason: economic and political hostility toward our northern neighbor emanating from the Trump administration.

https://www.kqed.org/news/12032795/u...-toward-canada

This guy was going to move to California for a job, but decided to stay in Canada because of Trump.

“We’re hearing people who maybe have family members who are trans who don’t feel safe anymore. We’re hearing about people who are Canadians but have been living in the U.S. for years and working in their health care system and not feeling safe anymore and wanting to come back to Canada. We’re hearing from people who are internationally educated but living in the U.S. and again not feeling safe. It’s a scary time in the States and I do think people are seeing Canada as that safe space.”

Murphy said that the health care professionals reaching out to Nova Scotia Health recruiters are extremely qualified and experienced. They include doctors, nurses and other professionals.

https://www.qccrfm.com/news/2025/03/...m-u-s-doctors/

Yes, why would they want to come to Canada, eh? Who was asking that a few days ago? We should get on this, hard, while the door is open.

[Fuzz]

Oh hey, they keep coming:

Yale professor who studies fascism fleeing US to work in Canada

Jason Stanley, who says grandmother fled Berlin with his father in 1939, says US may become ‘fascist dictatorship’

https://www.theguardian.com/us-news/...fascism-canada

[Ashasx]

Poilievre to hike TFSA contribution limit by $5K for those who invest in Canadian companies

https://ca.news.yahoo.com/poilievre-...135228943.html

This is a legitimately good policy to encourage investment within our own country and the kind of thing I hope to see more from the Conservatives.

[Geraldsh]

Originally Posted by Ashasx

https://ca.news.yahoo.com/poilievre-...135228943.html

This is a legitimately good policy to encourage investment within our own country and the kind of thing I hope to see more from the Conservatives.

And that’s why I like Carney; if it’s a legitimately good policy he will adopt it in spite of it originating outside the liberal tent.

[Muta]

How would you even track that? What's stopping someone from investing an additional $5K in a Canadian company, then turning around and withdrawing that and investing it somewhere else once that quota is met?

[CliffFletcher]

Originally Posted by 2ArmBands

Okay? Are there other economic statistics or projections you prefer? Alberta and Saskatchewan economies will likely shine in whatever statistic you prefer.

GDP per capita

Norway $90k

Sweden $57k

Finland $55k

Are Norwegians smarter, more hardworking and productive than neighbouring Swedes and Finns? Or is there something else that inflates Norway’s figure?

[Fuzz]

Do most ordinary people really have an extra 5k to invest, anyway? This is mostly a gift to the already financially comfortable at the cost of taxing their investment income. I don't know that this is a great policy for most Canadians, but am open to being convinced otherwise.

[Jason14h]

Originally Posted by Geraldsh

And that’s why I like Carney; if it’s a legitimately good policy he will adopt it in spite of it originating outside the liberal tent.

Liberals will announce $6K by noon

[Ashasx]

Originally Posted by Fuzz

Do most ordinary people really have an extra 5k to invest, anyway? This is mostly a gift to the already financially comfortable at the cost of taxing their investment income. I don't know that this is a great policy for most Canadians, but am open to being convinced otherwise.

I agree that it's likely not going to benefit most Canadians in the idea of earning more earnings on their TFSA, but the thing I like the most about it is encouraging further investment in Canadian companies.

[Jason14h]

Originally Posted by Muta

How would you even track that? What's stopping someone from investing an additional $5K in a Canadian company, then turning around and withdrawing that and investing it somewhere else once that quota is met?

That's no different then what you can do already.

You earn tax free 'returns' - Capital Gains, Dividends, Interest on money in the TSFA. At any point you can withdraw and invest elsewhere/do whatever

So effectively they are creating a 2nd TSFA for Canadian companies only.