Tag Archives: Bank of Canada

Roundup: Sandboxing powers?

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Over the weekend, Althia Raj published a column that points to a power the government is trying to give itself in the budget that lets ministers exempt certain people and companies from non-criminal laws, and the fact that this felt like it was being snuck into the budget implementation bill when it wasn’t in the main budget document. Jennifer Robson, inspired by Raj’s column, delves into the Budget Implementation Act to see the sections in question for herself, and makes some pretty trenchant observations about the fact that the powers in here are giving ministers a pretty hefty amount of leeway without necessarily a lot of transparency, because they have the option of simply not publishing or reporting which laws they’re suspending for whom, and that we need to worry about the injuries to democratic norms.

So, what is up with these particular powers? Well, it turns out that this is very likely some long-promised action on creating “regulatory sandboxes,” and the means to implement them.

The 2024 budget talked about working up a plan for "regulatory sandboxes"—temporary exemptions from restrictions to allow experiments with new things, especially products, that existing regulations didn't anticipate. It's in a few places, like this:

— David Reevely (@davidreevely.bsky.social) 2025-12-07T13:55:47.297Z

They'd consulted publicly on it before. This is generally a pretty dull type of government consultation, but it was done. www.canada.ca/en/governmen…

— David Reevely (@davidreevely.bsky.social) 2025-12-07T13:58:04.805Z

Having announced plans to legislate on it in 2024, the Trudeau government did not follow through, in either of the two "budget bills" that stemmed from the budget.

— David Reevely (@davidreevely.bsky.social) 2025-12-07T13:59:51.381Z

But the regulatory-sandbox idea returned in the 2025 budget. Not at length, but it's in the roundup of legislative changes that implementing the 2025 budget requires. (Some people start with the deficit numbers when first picking a new budget up; I start with the legislative changes.)

— David Reevely (@davidreevely.bsky.social) 2025-12-07T14:03:09.547Z

My point is that you have to be careful with premises like, "I didn't know about it, so they've been hiding it and being sneaky."Tech businesses have been calling for regulatory sandboxes for *years,* there've been public consultations, and it was promised in two successive budgets.

— David Reevely (@davidreevely.bsky.social) 2025-12-07T14:06:02.132Z

The idea's history goes back much farther than 2024, to be clear. Here's a Logic story from 2018, the first year we existed, noting a promise on regulatory sandboxes in the 2018 fall economic statement: thelogic.co/news/special…

— David Reevely (@davidreevely.bsky.social) 2025-12-07T14:10:57.100Z

So, this could very well be what that is referring to. This being said, I do see the concerns of Robson when it comes to some of the transparency around these measures, because these powers give ministers all kinds of leeway not to report on their suspension of laws for this “sandboxing,” and you have to remember that Carney already gave himself broad Henry VIII powers under his Build Canada Act legislation, which is ripe for abuse, particularly in a parliament that has largely lost its ability to do necessary oversight. I think the government needs to be extremely careful here, because this could easily blow up in their faces.

— Effin' Birds (@effinbirds.com) 2025-12-06T15:08:02.695Z

Ukraine Dispatch

At least seven people have been injured in a drone strike in Sumy region. Russia claims to have taken two more villages in the Kharkiv and Donetsk regions. Here is a look at Ukraine’s naval drone operations, and the growing number of women in combat roles.

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Roundup: Poilievre refuses self-reflection

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Pierre Poilievre held a press conference yesterday, where he debuted a new slogan about the “credit card budget,” as though that were clever (it’s really not), and had several of his MPs all read the same scripts about so-called “Liberal inflation,” even though inflation doesn’t work that way, and the current affordability crisis is the result of policies that have been baked in for several decades now. But where things got testy was in the media availability after, where Poilievre was taking shots at media outlets (including false accusations about corrections), and him “quoting” things Chris d’Entremont said about the Liberals in the Chamber, which might have been more damning if they simply weren’t the very same scripts that every Conservative MP reads unthinkingly. (d’Entremont later, correctly, dismissed this as just “spinning.”)

But what took the cake was when Poilievre was asked whether he was reflecting on his leadership style after the two losses to his caucus over the last week, and he said plainly “No,” and then babbled on about being the only leader fighting for affordability. (Also not true, because the only thing he’s fighting for is trickle-down economics, which created the affordability mess we’re in). But seriously, Poilievre is incapable of self-reflection, and he keeps proving that over and over again. He’s the same campus conservative he was when he was seventeen, and nothing will ever change or dissuade him from that, nor his childish, argumentative style, his need for chants and slogans, or his jejune beliefs in how monetary policy works. He is incapable of understanding complexity, and it shows. The fact that his leadership style is being referred to as a frat house is just as indicative of this fact. No self-reflection, no personal growth, and it’s a wonder why people who aren’t already Kool-Aid drinkers in the party don’t connect with him.

Meanwhile, the NDP are puffing out their chests and telling the Toronto Star that they’re getting ready for an election if the budget doesn’t pass, which I will call bullshit. They’re not getting ready for an election. The party is $23 million in debt, they’ve already mortgaged the office building they own in downtown Ottawa, and they have no more resources to draw on. This is them trying to look like they’re tough and relevant when they will see to it in one way or another that there is no election because in no way can the fight one, even if it’s to try and reclaim five seats in order to return to official party status. This is posturing, and nobody should be under any impression otherwise.

— Effin' Birds (@effinbirds.com) 2025-11-12T23:01:55.085Z

Ukraine Dispatch

Ukrainian civilians are being evacuated from settlements in the Zaporizhzhia region as fighting intensifies in the area, while forces in the area say that they have stopped the Russian advance. Here is more about the situation in Pokrovsk. Ukraine’s justice and energy ministers submitted their resignations as a result of the energy kickback scheme allegations.

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Roundup: A floor-crossing during the budget reveal

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So, that was the “generational” budget, which is cutting away at the civil service, and claiming “efficiencies” in most government departments (though a few defence and security related departments, as well as Indigenous Services only faced a two percent cut), while there are plenty of those investments for resource projects. The “climate competitiveness” strategy is promising to remove the emissions cap if provinces and industry can get other things like methane emissions reductions and carbon capture implemented at scale, but considering the latter isn’t cost-effective without a sufficiently high carbon price, I’m guessing that’s going to wind up failing (and no, there is “grand bargain” because Alberta and the industry won’t respect it). The deficit is at $78 billion, which is actually smaller than Stephen Harper’s $55.6 billion deficit in 2009-10 if you adjust for today’s dollars.

Here are some highlight stories, starting with some key numbers:

  • A $2 billion “critical minerals sovereign fund” that can include equity stakes
  • A suite of new tax measures designed to help compete with the US
  • $73 billion for national defence by the end of the decade, but there are few details about how it will all happen..
  • Slashing temporary immigration numbers and freezing permanent resident intake (because that’ll help with labour shortages)
  • $150 million more for CBC, and “exploring” participation in Eurovision.
  • Using buying power to spur the development of data centres without actually funding those projects (because it’s likely a bubble).
  • Moving ahead with regulating stablecoins.
  • Oversight over open banking was moved from the Financial Consumer Agency of Canada to the Bank of Canada.
  • Ending investment transfer fees to encourage more banking competition.
  • $2.7 billion in cuts to foreign aid over four years (as the destruction of USAID has created a massive need for foreign aid, so well done there).
  • Research and Development tax incentives aren’t limited to Canadian-owned firms.
  • They lifted the tax on luxury yachts and on foreign-owned vacation homes.
  • Weakening the laws around greenwashing, because of course they are.
  • Establishing sovereign space-lift capabilities.

— Dale Smith (@journodale.bsky.social) 2025-11-04T21:31:12.741Z

The seemingly outsized cuts to Global Affairs Canada in Budget 2025 are hard to square with the government’s repeated call to expand and deepen Canada's international partnerships. Reinvesting in the military is welcome – but defence is just one tool of our international policy.

— Roland Paris (@rolandparis.bsky.social) 2025-11-04T22:00:30.407Z

https://bsky.app/profile/plagasse.bsky.social/post/3m4tnilpugk2j

We're cutting $s to low-income 18 year-olds to access education, but we still have half a billion a year to make student loans interest-free for early-career 20-somethings "to help with the rent" AS DUMB AS A BAG OF HAMMERS.

— Alex Usher (@alexusherhesa.bsky.social) 2025-11-04T23:47:10.318Z

Staring at Canada's own gender-based analysis of its budget. Give you one guess at the main beneficiary of all the major spending investments….

— Lauren Dobson-Hughes (@ldobsonhughes.bsky.social) 2025-11-05T01:09:27.537Z

In pundit reaction, Heather Scoffield has a quick overview of some of the tax and investment measures. Mike Moffatt is sorely disappointed in just how little there was for the housing crisis in the budget, particularly as it puts too much focus on reducing immigration. Justin Ling notes the corporate tax cuts, and the fact that the budget doesn’t acknowledge the short-term problems associated with Trump’s gangster economics. Kevin Carmichael considers this a hybrid of Harper and Trudeau’s budgets, which winds up missing the mark as a result. Paul Wells remarks on some of the political considerations in the budget that is geared to investment when business hasn’t been keen to do so, and that there is a whole lot of downside in the budget, some of which is the fact that our chronic weaknesses of low productivity and internal barriers are an even bigger problem than they were before. Susan Delacourt says the budget misses the mark, being too vague in where the cuts will come from, and does a poor job in telling its story.

— Effin' Birds (@effinbirds.com) 2025-11-04T22:22:02.466Z

Floor-crossing

In amidst budget being delivered, Conservative MP Chris d’Entremont went on record with Politico that he was considering crossing the floor to the Liberals, and my immediate thought was that there was some residual bitterness because he was forbidden from running to be Speaker, and to be put forward as Deputy Speaker once Francis Scarpaleggia had been voted in. But he has also seemed dejected when I’ve seen him in the Chamber of late, never wearing a tie, not participating in anything. Once this was public, I heard from a source that there was screaming happening in the opposition lobby outside of the House of Commons. d’Entremont quickly resigned from caucus, and within an hour, had formally crossed to the Liberals, who were happy to have him, particularly because he’s an affable Red Tory, and it doesn’t hurt that this completes the Liberals’ sweep of Nova Scotia. The Conservatives later put out a bitter statement (and by contrast, when Leona Allslev crossed from the Liberals to the Conservatives, Justin Trudeau wished her well). This means that the Liberals only need two more votes or abstentions to get their budget through, so we’ll see what that looks like in the days ahead.

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Roundup: Predictable threats over passing the budget

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The whole thing about Government House Leader Steve MacKinnon openly going on media to decry that they don’t have enough votes to pass the budget is turning into a very tiresome bit of melodrama in Parliament, now that every party is trying to mug for the camera on it. The Conservatives say they want a hard cap on the deficit (which is far below what they promised in their own election campaign), plus the destruction of environmental programmes like the industrial carbon price under the bullshit excuse that it’s causing food price inflation. The Bloc say they want to negotiate, but presented a list of “non-negotiables” which are both expensive and foolhardy, like a bunch of transfers with no strings attached (because premiers have never taken that money and spent it on other things or delivered tax cuts instead. Looking at one Jean Charest most especially). And the NDP say they want to see the budget first, but are making noises about how they don’t want austerity.

And so, the threats are now in place—or blackmail, as some have termed it. MacKinnon’s new line in Question Period has been about how he hopes the opposition doesn’t send Canadians to a Christmas election, which is not exactly subtle. Andrew Scheer rushed out to the Foyer after QP to breathlessly decry that the Liberals are trying to engineer an election with their budget, which is overplaying things just a little, especially considering that the Conservatives, as official opposition, would never vote for the budget in any case, even if their demands were actually reasonable (which they’re not). That leaves either the Bloc to swallow themselves whole in accepting anything less than their unreasonable “non-negotiables,” or the NDP to pretty much debase themselves by once again propping up the Liberals, even though they have absolutely no choice because they have no leader and the party’s coffers are completely bare and they can’t even mortgage their office building for a second time to pay for an election as they have no way of currently paying off the last one. The government knows this. They are also not looking like they want to get into bed with the NDP yet again, after they pretty much derailed the government’s agenda in the last parliament with the supply-and-confidence agreement that the NDP couldn’t be bothered to live up to their own end of. Nobody wants an election (and you have a bunch of Liberals being a bit theatrical about this), and it’s not going to happen, but instead, we’re going to have to live through this dog-and-pony show for the next five weeks or so. Gods help us.

effinbirds.com/post/7810072…

— Effin' Birds (@effinbirds.com) 2025-10-29T13:25:05.419Z

Meanwhile, it looks like the budget leaks are starting early, as Senior Sources™ are talking about cuts to the civil service that go beyond attrition, and more aggressive capital cost write-downs. As well, François-Philippe Champange and Rechie Valdez said that there will still be some funding for women’s organisations and for security at Pride events, but this still means cuts to other programmes. Tim Hodgson announced millions for clean tech projects, including four carbon capture projects. (Here is the updated tally of budget promises to date).

Ukraine Dispatch

Putin claims that Russian troops have encircled the cities of Pokrovsk and Kupiansk, which Ukrainian officials vigorously deny. They are, however, struggling in Pokrovsk, which is strategically valuable.

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QP: Concern trolling about Mexico’s growth rates

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The prime minister was off to Mexico City, and most of the other leaders weren’t present either. Pierre Poilievre was, however, and he led off in English, and compared Mexico’s economic growth compared to Canada’s (as though there were different baselines or circumstances). Mélanie Joly praised Carney’s trip before reminding him that there is a global trade war that is affecting us. Poilievre insisted that we both trade with the U.S., and that they must be doing something right. Joly accused Poilievre of always talking down Canadian workers, and praised yesterday’s interest rate cuts. Poilievre switched to French to say that they support workers, then accused the Liberals of “collapsing” the economy, before repeating his first question about their growth rates. Joly said that Poilievre doesn’t know what he’s talking about, and praised the interest rate cuts as good news, and said that we need to work with trade partners to grow the economy. Poilievre returned to English to accuse Carney of only heading to Mexico for a photo op, and then repeated the line that the economy is “collapsing,” and Joly said that Poilievre believes in isolationism while the government is engaging abroad. Poilievre said that we already have trade agreements and that this trip was just for fake engagement, and said Carney could ask those other counties why they’re doing so much better than we are. Maninder Sidhu patted himself on the back for the trading relationships Canada has. Poilievre said he was taking credit for things he never did while the economy collapses, to which Sidhu said he wouldn’t go to personal attacks, before reading off some trade statistics with Mexico.

Christine Normandin led for the Bloc, and she accused the government of attacking the ability of Quebec to pass their own laws with their factum to the Supreme Court of Canada in an upcoming hearing. Steven Guilbeault says that the government has a duty to protect the Charter. Normandin repeated the accusation, which was wholly specious in its arguments, and again Guilbeault said that they are not preventing any province from invoked the Clause, and he could organise a presentation through the department of Justice. Rhéal Fortin returned to his same questions as earlier in the week, attacking a judicial appointment on false grounds. Patricia Lattanzio read a statement about the independence of the judiciary.

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Roundup: Asking for declaratory powers, not limits

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There is a bunch of confusion and/or bad faith arguing going on around just what the federal government said in their factum to the upcoming Supreme Court of Canada hearing on the challenge of Quebec’s Law 21, which they claim is “state secularism” but is really just wholesale discrimination and racism. The reporting hasn’t been great—in fact, the National Post’s is downright misleading—because they keep describing this like it’s a reference question to the Court, which it isn’t, but rather, the argument that they’re putting forward during the existing challenge, and something that they feel the Court should address (which is how factums tend to work).

What their argument consists of is that the Court should be able to declare when a law that is protected by the Notwithstanding Clause is actually unconstitutional. They can’t strike it down, but they can weigh in and say “Yeah, this contravenes Charter rights.” They also want the Courts to be able to do this when something has been ongoing in its use of the Clause (which only lasts for five years before it needs to be renewed in legislation), and to rule on whether it may result in the “irreparable impairment” of rights, because they argue that repeated use of the Clause amounts to “indirectly amending the Constitution.” This is also not coming out of nowhere—the Saskatchewan Court of Appeal just recently ruled that they have this right when it comes to the challenge around the province’s attack on trans youth, saying that invoking the Clause should not be the last word.

Why is this important? Because the point of the five-year time-limit on the Clause is that it allows that government to be voted out before it can be renewed. Having the courts weigh in and say “Yeah, this is discrimination,” even if they can’t strike down the law, is powerful information for voters to have. And it’s absolutely democratic. But you have conservative thinkers who are trying to say that this will cause a “constitutional crisis,” or a national unity crisis if it offends Quebec or Alberta, is frankly absurd. It’s trying to give cover for attacks on minority rights and abuse of the Clause, and they should be honest about those intentions rather than trying to sow confusion and undermining the Court.

Ukraine Dispatch

An overnight Russian attack on the Kirovohrad region has partially cut power and disrupted railway operations. A top Russian commander claims they are advancing on all fronts, in contravention to Ukrainian reports. Ukraine’s anti-corruption agencies say they need more resources to crack down on the “shadow economy.”

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QP: The “sword” hanging over the PBO

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All of the leaders were present today, as is customary for a Wednesday, even if Wednesdays are no longer the pronto-PMQs of Trudeau’s era. Pierre Poilievre led off in French, and demanded to know the size of the deficit. Prime minister Mark Carney responded that the budget will be on November 4th, and it would have the biggest investment in the country’s future. Poilievre asked the same in English, and got much the same response. Poilievre returns to French to lament that we still don’t have an answer on the deficit, which creates uncertainty for business, and demanded to know the number. Carney thanked him for the compliment about being a fiscal expert, and said that the trade war left uncertainty that made sure they have to do what they can control. Poilievre repeated the same in English, and this time, Carney boasted that interest rates were lower in Canada than the U.S. Poilievre dismissed this as saying that was because the economy was collapsing, and then claimed that a liberal members of the finance committee threatened the Parliamentary Budget Officer’s job (while someone chirped that didn’t happen). Carney said that he just the PBO, and that he didn’t recognise the characterisation. Poilievre said that the post was temporary in order to hold a sword over his head, and then demanded he be made permanent and demanded a deficit figure. Carney said that if they wanted him to be permanent, he would be open to consulting on that in the new spirit of collaboration.

Yves-François Blanchet led for the Bloc, and worried that the government was going to table something on the use of the Notwithstanding Clause, and demanded it be allowed to be used by provinces, even in a “preventative” measure. Carney said that the government’s job is to uphold the Charter and it was up to the Supreme Court to determine what is and is not legal. Blanchet claimed that putting limits on use of the Clauses was denigrating the Memory of a Pierre Trudeau, and Carney dismissed this, saying this was up to the Supreme Court to rule on.  Blanchet accused the government of hiding behind the Court, and attacking Quebec’s state secularism, to which Carney reminded him that this is the legislative branch, not the judiciary. 

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Roundup: Parliament returns, fall 2025 edition

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Today is the day that the children are back in Parliament, and I wonder about just what horrors await us. Pierre Poilievre will take his seat just before the start of Question Period, where prime minister Mark Carney will be in attendance, and it will be their first face-off since the election debates, not that those debates have anything in common with QP. I have little doubt that there will be no taking of high roads, that Poilievre will denounce the Major Projects Office, the choice of those five projects, the lack of a pipeline amongst them (even though there is no project proposal on anyone’s table), and the usual bluster about crime rates and housing that doesn’t miraculously get built with the snap of a finger. Oh, and of course, the fact that there is no trade deal with Trump (even though there is no deal to be had).

The PM will be at Question Period tomorrow. #cdnpoli

— Dale Smith (@journodale.bsky.social) 2025-09-15T00:00:30.816Z

I fully expect Carney and the Liberals to pat themselves on the back for the Office being launched and those five projects being chose, and for the Build Canada Homes launch, and the summer spent trying to find savings in government departments in advance of the budget. They’ll pat themselves on the back for the legislation they passed before the summer, and for the bills they are introducing, and generally for what a good job they think they’re doing. And sure, they’ll say that there’s more work to be done, but it will nevertheless be couched in a whole lot of self-congratulations. Count on it.

Meanwhile, we’re waiting on that budget in October, but there are still a lot of bad bills on the Order Paper. The Border bill is a mass of privacy violations and data-sharing with American authorities who can’t be trusted, to say nothing about the loss of due process for refugee claimants. The cyber-security bill has a great many problems with it that should have been corrected but weren’t. We’re going to get a bail bill that is likely going to start infringing on Charter rights, to be paired with more legislation on “bubble zones” around churches and cultural community centres. And they’re running out of time on passing bills about citizenship for “lost Canadians” and for those unfairly excluded from Indian Act status, so they need to get a move on those too. There is a lot that needs to get accomplished this fall, and we’ll see how much of it actually happens, or if the Bloc will side with the Conservatives at committee and grind everything to a halt once again.

Ukraine Dispatch

President Zelenskyy says that Ukrainian forces have pushed the Russian advance back further in Sumy region, and that they have caused significant losses to Russian forces in Donetsk and Kharkiv regions. Ukrainian drones have also struck the Kirishi oil refinery.

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Roundup: More “Blame Ottawa” clown performance

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Sometimes, it gets very, very difficult to take the state of politics seriously in this country because so much of it is just clown performance. Two examples from yesterday:

1) Conservative MP Michelle Rempel Garner held a press conference to announce that she was going to table a Private Member’s Bill to stop courts from considering possible deportation in sentencing decisions—even though the sentencing rules were about asking judges to be aware of the potential for unintended consequences, so this bill is really about punching down—and along the way wound up talking about the wildfire situation. In her estimation, the federal government is to blame, and she blamed the federal government for the “forest bans” in Nova Scotia and New Brunswick…except those rules were from the provincial governments. And wildfires are provincial jurisdiction. Nevertheless, she thinks that the federal government needs to do more, but this gets back to the whole point I was making in my latest Quick Take—provinces have the responsibility but have been under-funding their emergency management systems because they know they can call on the Canadian Forces and get them to do it for free. That’s a problem. Rempel Garner is just feeding into this problem through this performance of hers.

2) Pierre Poilievre demanded that the federal government cancel the loan for the BC Ferries contract which will have those new ferries built in China, in retaliation for the latest round of Chinese tariffs on canola. Erm, except that’s a provincial Crown Corporation who contracted for those ships, and the federal government didn’t make the loan, the Infrastructure Bank did, which the federal government doesn’t exercise control over, and even more to the point, no Canadian shipyards bid on that contract. This is just more performance for social media, rage-bait to get his followers angry and opening up their wallets.

1) It is not a "Liberal" loan or a government loan. It's from the Infrastructure Bank, which is arm's-length from government. The loan was made before the procurement process was completed.2) NO CANADIAN SHIPYARDS BID ON THIS PROJECT!Is Poilievre going to force a Canadian yard to build them?

— Dale Smith (@journodale.bsky.social) 2025-08-13T17:53:19.054Z

The absolute mendacity of all of this is just exhausting, which is part of the point. It’s a common authoritarian tactic to lie about everything so that people give up trying to inform themselves, and not a single legacy media outlet in this country will actually call them on it. It’s a problem, and we need to do something about it now, before we get any further down the path that the US is taking.

— Effin' Birds (@effinbirds.com) 2025-08-12T14:08:02.942Z

Ukraine Dispatch

President Zelenskyy says that he told Trump ahead of his meeting with Putin on Friday that Putin is “bluffing” about his desire to end the war—and he’s correct.

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Roundup: Historical revisionism of federalism in the past decade

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Last week had largely been spent trying to determine what the love-in with the premiers all means, so much so that Danielle Smith is losing her grip on reality as she insists that she’ll convince BC premier David Eby to let another pipeline cross his province (in spite of there being no actual proposals for one), while also claiming that Albertans have the “lowest living standards in the world,” and I just can’t even.

Meanwhile, I’m seeing comments from the pundit class that I’m just finding hard to square with reality. This one quote from the weekend dispatch of The Line is a good example of these pundit narratives that are completely ahistorical.

The Liberals under Justin Trudeau were so fantastically uninterested in working with the provinces, and so relentlessly hostile to basic economic growth, that having a prime minister simply acknowledge (as Carney has) that we are in an economic emergency seems like a massive step forward.

Trudeau did work with the provinces a lot in his first parliament—he had the first face-to-face meeting with them as a group in years after Harper refused to, and they got big things done—the agreement on carbon pricing, enhancing CPP, a suite of health measures that Jane Philpott negotiated with the provinces. None of this was inconsequential, but there was a very different group of premiers in 2015 than there was in 2024. And let’s also be frank—the premiers didn’t want to work together with the federal government anymore. They wanted to gang up on him for more money with no conditions (those health transfers that Philpott negotiated didn’t go toward fixing anything), while the pleading that everyone was making around finding exceptions to the carbon levy was very unproductive (not that Trudeau did any favours in his “pause” on the price for heating oil rather than a better system of rebates in areas where energy poverty was a problem). But seriously, the premiers get away with blaming Trudeau for all of the things that they refused to do that were their responsibility, and somehow he was the problem?

As well, the notion that Trudeau was hostile to basic economic growth is, frankly, unhinged. How many trade deals did he sign or push over the finish line? What was the whole attempt to stand-up a North American EV supply chain? What were the billions spent to keep the entire economy afloat during COVID? If you’re going to cite the capital gains changes as being “hostile,” then congratulations—you’re a gullible numpty who bought the lines of people who engage in tax arbitrage and want that sweet roll to continue. If you think environmental regulation was killing economic growth, just wait until you see what climate change is already doing to the economy and is going to get exponentially worse. Just because Trudeau didn’t bow to the tax-cut-and-deregulate crowd, it doesn’t mean he was hostile to economic growth. Yes, he and his government had problems. A lot of them. But let’s not make up things that are blatantly ahistorical or outright fictional just to help put a shine on Carney.

— Effin' Birds (@effinbirds.com) 2025-06-07T21:10:14.180Z

Ukraine Dispatch

Russian drone and missile attacks killed four people in Kharkiv on Saturday. Russian forces claim to have crossed into the Dnipropetrovsk region, while a row is now brewing over an agreement to exchange bodies of dead soldiers, which Ukraine says they are not delaying. Meanwhile, a drone attack on a Russian electronics factory has forced them to suspend production.

https://twitter.com/ZelenskyyUa/status/1931395337958084711

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