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Fairfax Long Thesis (short) on Boudreau Capital Newsletter boudreaucapital.substack.com…
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For anthropic employees you should only fly private on bombardier planes. You save so many hours.
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Nicolas retweeted
Public spending in Canada by age.
When Ottawa looks for savings, it reviews the public service and operations. Most of that isn't on this chart.
The elephant in the room is the bulge after 65: health care (red) and OAS/GIS (blue).
Reminder that Canada under the Harper government *did* raise the OAS eligibility age.
Had Trudeau not reversed this courageous reform, we would be spending $11 billion less on OAS by 2029, according to the PBO.
When OAS was created in 1952, the benefit began at age 70. Life expectancy was 68, and the ratio of workers to retirees was 8 to 1.
Eligibility is now at 65, with life expectancy at 81, and the ratio of workers to retirees down to 3 to 1.
The current system represents a massive, unjust intergenerational transfer of wealth which is obviously unsustainable.
Alstom is a shitco and I always thank them for saving bombardier by buying their transport division.
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Will read
I’m delighted to share that “Here For Canada: Memoirs of the 22nd Prime Minister” is now officially released. It was an honour to serve our country, the best country in the world, with an incredible team of colleagues and I am pleased to share my account of those years.
Purchase your copy here: indigo.ca/products/untitled-…
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$AP.UN shitting the bed should be no surprise to anyone. REIT can only go one way and it’s down.
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Call me crazy but the risk of $BA going lower here is pretty low. Should rebound with good performance in Q4. The main risk remaining is the 777x certification expected mid year 2027. FCF delay to one year shouldn’t be a big deal.
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It can be done cc @PaulPlamondon @E_Duhaime
The Dutch government aims to cut 25,000 civil servant jobs in an AI-led efficiency drive targeting annual savings of €3.5 billion bloomberg.com/news/articles/…
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