It can be printed at any time:
The Department of Public Works claims to have discovered $28 million in urgently needed repairs to a building it’s owned for decades. Members of the Senate committee on internal economy expressed unease with ongoing spending on Parliament Hill renovations: “We can probably build a new building for just over that.”
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The CBC has seven vice-presidents, ten directors general, five directors of finance and a “strategic intelligence department” with a $900,000 budget, according to records disclosed in a labour hearing. Management has praised its “visionary talent” in spending a $1.3 billion-a year federal grant: “We are covering the planet with very few resources.”
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Parliament should be more helpful and friendly to China, says a former Bank of Canada executive. The People’s Republic has a sunny outlook while “there’s a sense of things being very broken” in Canada, he said: “If I had to wager, I wager they will make it.”
Good to know!
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The demand for oil isn't falling. It's the devaluing of Canadian oil by the government and its foreign friends:
Three-quarters of the Canadians employed in oil and gas could lose their jobs as the country pursues aggressive climate targets, according to a new report that warns governments must develop worker transition plans now to prevent disastrous consequences.
If they don’t, workers could face displacement similar to that of the U.S. and Canadian manufacturing sectors in the 1990s and early 2000s, when automation and technological changes led to a decline in manual jobs across the economy.
The report by TD Economics for release on Tuesday estimates that by 2050, up to 450,000 of Canada’s current 600,000 direct and indirect oil and gas jobs could become casualties of falling demand for fossil fuel as more countries and companies commit to net-zero greenhouse gas emissions.
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The solutions are clear: stop printing money and inflating assets; stop giving cheap taxpayer-backed loan guarantees to banks for uninsured mortgages; & let people build.
— pierrepoilievre (@PierrePoilievre) April 5, 2021
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