Canadian politics, economics & money. Free markets, lower taxes, fiscal discipline. Facts and numbers, no spin.

MontrΓ©al, QuΓ©bec
Joined February 2015
The Toronto Sun reports that two prominent journalists now admit bias against Conservatives in the Ottawa press gallery is real. Years of smug denials. Settled in one admission. The bias was never the secret. The denial was. xitter.cf/TheTorontoSun/status/2…
GOLDSTEIN: Two prominent journalists say bias against Conservatives in Ottawa is real torontosun.com/opinion/colum…
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Mick Update πŸ‡¨πŸ‡¦ retweeted
Replying to @mario4thenorth
Ottawa's answer to 68,300 lost jobs is to make it easier to hire foreign workers. A real free-market fix would do the opposite: cut payroll taxes, slash red tape, and let wages clear so hiring a Canadian actually makes sense. Instead the Liberals punish employers for hiring Canadians, then offer them a cheap-labour shortcut and call it policy. Canadians don't need more managed immigration, they need a government that gets out of the way.
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Tiff Macklem is openly floating a rate hike. The Bank decides October 28. Traders already put the odds at over one in three. "Are we going to have to raise interest rates to influence the path?" he asks. High oil prices help Ottawa's budget. They do nothing for a family staring at a mortgage renewal.
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The IMF now expects Canada's economy to grow just 1.1% this year, down from 1.9% last year. It also expects inflation at 2.8%, up from 2.1%. Growth slowing. Prices rising. There is a word for this: stagflation.
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The Globe and Mail calls Bill C-39 "Canada's most consequential economic legislation in decades." One-year project approvals. Cabinet power to pre-approve entire regions, exempt from a dozen different laws. Speed is welcome. Blank-cheque powers for the cabinet is something else entirely. xitter.cf/globeandmail/status/21…
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Reuters reports Alberta's oil sector employs 85,000 fewer people than in 2014. Investment collapsed from $35 billion to $14.2 billion. Real incomes are still 10% below 2014. Carney says his pipeline plan will not bring a boom. "Sustained growth," he calls it. A decade of hostility hollowed it out. One pipeline does not undo that.
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Deloitte expects holiday spending to fall 14% this year, from $1,521 to $1,305. At the same time, 44% of Canadians are $200 or less from insolvency each month. Insolvencies are at their highest since 2009. That is not a soft landing. That is a country holding its breath.
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Northern Beat reports that David Eby's government secretly committed some 400 parcels of Crown land for transfer. The briefing documents are dated days before he called a snap election. It was never in the NDP platform. Voters learned what was decided for them after the fact. That is not democracy.
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Middle-class incomes are up 32% in a decade. Grocery prices are up 37%. Paycheques grew. The grocery bill grew faster. That gap is the whole cost-of-living story in one number. Ottawa celebrates growth rates. Families live the difference.
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The budget watchdog says Alto's high-speed rail could cost $113 billion. Ottawa's own estimate topped out at $90 billion. Before a single rail is laid, the overrun is already $23 billion. Call it nation-building. The bill is nation-borrowing.
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Economist Trevor Tombe puts the cost of Ottawa's retaliatory tariffs at about $4 billion across the economy. That pushes prices up roughly a quarter point. For a family with kids, about $250 a year. The trade war tax is real. You pay it at the checkout.
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The Bank of Canada says the economy will end 2026 about 1.5% below where it would have been without tariffs. Governor Macklem warned it himself: our standard of living as a country will be lower than it otherwise would have been. Ottawa calls it a strategy. Your wallet calls it a pay cut.
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Ursula von der Leyen just offered Canada "associate membership" in the EU. A status that does not exist in the EU’s own treaties. Carney is in Strasbourg talking alliances while 50% American tariffs hammer our exporters and the trade deal review sits dead. Ottawa loves a ceremony. It would be nice if it ever produced a result.
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Three quarters in a row, the forecasters have cut Canada’s home sales outlook. Now they expect 444,530 sales this year, down 5.2% from 2025. Royal LePage puts the average home at $810,000 with buyers sitting out. The Bank of Canada, done cutting, may be hiking by Christmas. Ottawa keeps announcing housing plans. The market keeps voting no.
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Canada used to send 90% of its steel exports to the United States. Under 50% tariffs, those shipments collapsed 60% in 2025. Hundreds of steelworkers have been laid off. Ottawa calls the shift to domestic demand a success story. A 50% tax on your best customer is not a strategy. It is a warning about what dependence costs.
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StatCan says average wages rose 2.3% in September. Inflation ran at 3%. That means your raise was a pay cut. You earned more dollars and they buy less. Ottawa will call this resilient. Your grocery bill disagrees.
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The National Post says a costly property tax reckoning is coming for Ontario homeowners. And the kicker? It's built on valuations from 2016. A decade of house price chaos, and you're still taxed on what your home was worth ten years ago. Ford keeps delaying the reassessment. Cowardice or convenience, pick one. Then there's MPAC, the agency that does the assessing. It burns through a $262.5 million budget, funded by your property taxes. Toronto alone pays over $51 million. Quarter of a billion dollars to value your home on decade-old numbers. If that doesn't sum up government, what does? xitter.cf/nationalpost/status/21…
A costly property tax reckoning is due for Ontario homeowners, writes Randall Denley. The property value assessments that municipal taxes are based on are wildly outdated and Premier Doug Ford has failed to come to grips with the problem nationalpost.com/opinion/ran…
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Canadians now owe $712.2 billion in non-mortgage debt, up 4.8% in a single year. Serious delinquencies are climbing. Ottawa calls this a strong economy. Families financing the cost of living on credit call it something else.
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The budget watchdog now warns Ottawa is heading for a debt 'danger zone.' Interest payments will soon eat 14 cents of every revenue dollar, up from 10. At 18 to 20 cents, she says, that's the danger zone. Every one of those cents buys nothing. No hospital beds, no tax cuts. Just the bill for a decade of discipline that never came.
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Grocery prices are up 29% in five years. A $100 cart in 2021 costs $129 today. Ottawa brags that inflation is cooling. Cooling just means prices are rising slower. Your wallet cannot tell the difference.
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