Day thirty-one, and the Conservatives swallowed up the news cycle with the release of their “costed” platform at long last, and well, it soon became clear as to why that was the case. (Some campaign photos here). Mark Carney was in Quebec City to reiterate his plans focused on Quebec in particular, especially as they relate to Quebec identity and the economy, before lambasting the Conservatives’ “costed” platform (more on that below). Carney then had stops in Shefford, Saint-Bruno, and Laval.

Pierre Poilievre was in Woodbridge, Ontario, where he finally unveiled his “costed” platform, and the term is used very loosely because hoo boy. It was mostly full of magical mystery math that books phantom revenues—including from resource projects that don’t exist and likely won’t exist in a four-year timeframe—and from cuts to things like consulting services or government IT, which rarely actually delivers real savings. Oh, and it doesn’t actually eliminate the deficit like they’ve been touting, even with the overly optimistic phantom revenues. (For contrast, the Liberals’ platform doesn’t include revenue assumptions). There was a promise to hold referendums for tax increases, which a) neuters the role of Parliament, b) has blown up in the faces of those who instituted this in places like California, and c) is empty posturing because you can’t bind a future government, so the law is easily repealed. And then, to distract from the faulty promises and bad math, Poilievre veered into a performance about a document from Policy Horizons Canada which he claimed were doomsday forecasts when they are actually a number of largely implausible scenarios to force policy-makers to consider some various worst-case scenarios, and are not in fact forecasts at all, not that he would tell you differently. (Write-ups from CBC, The Star, The Logic, the National Post, CTV, and the Globe and Mail). At some point in the day, Poilievre attended a “virtual forum” with the AFN, but remained cagey about his criticisms of UNDRIP. Poilievre later held a rally in Vaughan. He’ll be in Stoney Creek, Ontario, this morning, before heading to Trenton, Nova Scotia.

The Conservative plan is out and, ooof, is this costing a disaster.There's a whole bunch of phantom revenues booked here, and the GST housing pledge is costed at under $2B. Given their proposed eligibility criteria, it should be more in the 4-6B range.

— Dr. Mike P. Moffatt (@mikepmoffatt.bsky.social) 2025-04-22T14:40:58.000Z

The Conservative plan books extra revenue from economic growth caused by their policies. The idea that economic growth will lead to improved finances isn't unreasonable. Budget 2024 shows that 100 bps of economic growth is worth $5B a year to the federal budget.

— Dr. Mike P. Moffatt (@mikepmoffatt.bsky.social) 2025-04-22T17:51:23.000Z

The Conservatives are booking anywhere from $3B-10B of additional revenue each year from economic-related growth. The average year sees an additional $6B+ in revenue, associated with 128bps in economic growth.This is a near doubling of TD Econ's growth forecasts.

— Dr. Mike P. Moffatt (@mikepmoffatt.bsky.social) 2025-04-22T17:51:29.000Z

The CPC platform books *extra* revenue of about $13B from their new capital gains deferral idea.But allowing people to defer capital gains will *cost* revenue.I'm guessing they assume *huge* new economic activity will be generated? You'd maybe need about $100B in new GDP to do that. Interesting.

— Kevin Milligan (@kevinmilligan.bsky.social) 2025-04-22T15:38:08.921Z

Or the whole debacle when the established Shared Services and cut their budget by the projected savings before they had done any of the enterprise transformation work.

— Dale Smith (@journodale.bsky.social) 2025-04-22T15:33:29.326Z

A couple of other thoughts:-Repealing Bill C-75 won't do much for bail other than roll back tougher bail conditions for domestic violence-Repealing Bill C-83 will do nothing about Paul Bernardo because the bill was about solitary confinement-Repealing Bill C-5 won't stop auto theft.

— Dale Smith (@journodale.bsky.social) 2025-04-22T19:13:59.627Z

https://twitter.com/maxfawcett/status/1914778670381838356

In all seriousness, I haven't seen "fun with numbers" costing like this in a Conservative platform since the 2014 Ontario PC campaign.

— Dr. Mike P. Moffatt (@mikepmoffatt.bsky.social) 2025-04-22T14:52:57.000Z

Jagmeet Singh was in Vancouver, where he mostly shit-talked Brookfield and Carney before begging people to vote NDP in order to prevent Carney from getting a “supermajority” (which is not a Thing in Canadian politics). Singh then headed to his home riding of Burnaby, and then to Edmonton. Singh remains in Edmonton this morning before heading to Winnipeg.

In other campaign news, Elections Canada says that a record 7.3 million people voted in the advance polls over the Easter long weekend. Former PBO Kevin Page rated the Liberal platform more favourably than the Conservatives’ (for fairly obvious reasons). Here are two more longread profiles of Carney, this time from the Globe and Mail and The Logic, and each covers different aspects of crises he’s faced in the past.

https://bsky.app/profile/blakeshaffer.bsky.social/post/3lnh54yn6gk2i

Ukraine Dispatch

Three people were injured in the Russian drone attack on Odesa overnight Monday. One woman was killed and some 26 others were injured in a guided bomb attack on Zaporizhzhia yesterday. President Zelenskyy indicated that Chinese nationals are working in Russian drone factories, and that Russia may have stolen Chinese drone technology.

Good reads:

• The White House says there has been a drop in people crossing the border into the US illegally from Canada (not that it’ll stop the “emergency” tariffs).
• The Institute for Strategic Dialogue warns that domestic extremists are using the election to push corrosive narratives about democracy and immigration.
• Here’s a look at the Port of Prince Rupert’s expansion to help export logistics to the Asian market, as we (slowly) pivot away from the US.
• It turns out that Conservative incumbent Larry Brock, who frequently lectures on ethics, had thousands in outstanding rent in Ottawa, and didn’t declare his debts.
• Emmett Macfarlane looks into what the parties say about democracy and governance in their platforms, and finds them all wanting.
• Stephanie Carvin evaluates the national security portion of the NDP platform (such as it is—both the portion and the not-quite-a-platform).
• Justin Ling delves into Poilievre’s decision to keep close ties with far-right and conspiratorial media outlets on the campaign trail.
• Althia Raj ponders how easy it seems to be to break certain election rules, judging from a Canadian Association of Retired Persons event geared to endorsing Poilievre.
• Paul Wells skewers Poilievre’s digression into the Policy Horizons Canada document, and the cheap theatre around it that ensued.
• My column points to the choice facing Canadians as to whether to trust Carney with a majority parliament, or risk another toxic minority with more procedural warfare.

Odds and ends:

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