Something really worrying

Many people are worried, right now, about the unrest that seems to be tearing the US apart and that has boiled over into Canada, too. Racism, in all its forms, is a problem here in Canada, there is no denying that. I'm an old white man ~ the devil incarnate to some youngsters ~ but … Continue reading Something really worrying

This …

... is pretty much the consensus forecast for the Canadian economy after we reopen for business. While this ...   ... is the Trudeau-Morneau response. (Source: The National Post, 14 May 2020.) And, this ... ... is you and me and our children and grandchildren and even great-grandchildren because, for years, Fiance Minister Bill Morneau … Continue reading This …

Doing the heavy lifting

Yesterday, I talked about standing up to China, the bully and restoring confidence in Canada. Today, I want to discuss how to do that. It's a bit disjointed, I'm afraid, because there are a lot of things wrong and fixing just one or two will not be enough. I said that Prime. Minister Justin Trudeau … Continue reading Doing the heavy lifting

What’s a Trillion?

There is a rather embarrassing (for Liberal partisans) video floating around the Internet. It shows Finance Minister Bill Morneau doing his very best to avoid answering some fairly simple and straight forward questions put to him in the House of Commons, during a session of the Special Committee on the COVID-19 Pandemic, by Conservative pit … Continue reading What’s a Trillion?

Canada needs …

Back in October, on the day before the last federal election, in fact, I said "For the last four years, Justin Trudeau has been spending wildly and unproductively. He has put Canada in a “precarious” (weak) fiscal position. I’m afraid that it doesn’t matter what Greta Thunberg says, the climate and the planet will still be … Continue reading Canada needs …

Self-sufficiency

The National Post, in an editorial-like, unsigned, "National Post View" says that "The global pandemic is forcing Canadians to consider, for the first time in generations, how precarious our standard of living has become. International trade has contributed greatly to our prosperity. Canadian resources, innovations and services are valued the world over — when it … Continue reading Self-sufficiency

Exactly back-asswards

I see, in a report in The Guardian, that former British Prime Minister Gordon Brown "has urged world leaders to create a temporary form of global government to tackle the twin medical and economic crises caused by the Covid-19 pandemic ... [and] ... The former Labour prime minister, who was at the centre of the international efforts … Continue reading Exactly back-asswards

Is the cure worse than the disease?

Richard Milne, the Nordic and Baltic Correspondent for the Financial Times, reports that "Jacob Wallenberg ... [the Swedish industrialist, whose family investment vehicle has controlling stakes in companies from telecoms equipment maker Ericsson to one of Europe's premier corporate banks] ... warned governments to weigh the economic threat from coronavirus more heavily or risk depression, social … Continue reading Is the cure worse than the disease?

A fundamental shift?

Professor Branko Milanović, formerly lead economist in the World Bank Research Department, writes, in Foreign Affairs, that "As of March 2020, the entire world is affected by an evil with which it is incapable of dealing effectively and regarding whose duration no one can make any serious predictions. The economic repercussions of the novel coronavirus … Continue reading A fundamental shift?

Trudeau’s best hope

John Ibbitson, writing in the Globe and Mail, warns that "Financial crises can benefit a party in government, if voters decide the leader is capable and committed ... [as they did, he says, with only Jean Chrétien and Stephen Harper over the last 65 years] ... More often, they’re a political disaster ... [and, he … Continue reading Trudeau’s best hope