Tag Archives: Bank of Canada

Roundup: Bill Morneau has learned no lessons

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We’re now around day ninety-nine of Russia’s invasion of Ukraine, and…there wasn’t a lot of news I could find, other than the fact that Russia continues to pound cities in the Donbas region. Germany says they will send more advanced radar and anti-aircraft systems to Ukraine, but we’ll see how timely their deliveries really are.

Closer to home, Bill Morneau delivered a speech where he says he’s worried about the economic progress of this country because he says he doesn’t see enough focus on growth (never mind that it’s the dominant focus of the last two budgets). But then he went on about how he wants some kind of “permanent commission” to focus on said economic growth, and I just cannot even. It’s called Parliament. David Reevely lays this out in the thread below, but I will add that Morneau really was never any good at being in government. He kept trying to play things like he was still in the corporate world, where it was about who you knew, and it was paired with the mindset of this government where if you mean well, then the ends justify the means, so rules got broken an awful lot. That’s why Morneau was eventually forced to resign over his role in the CatastrophWE. And he demonstrates with this speech that he has learned precisely zero lessons.

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Roundup: Pandering to a false narrative, Quebec edition

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It is now on or about day ninety of Russia’s invasion of Ukraine, and we have the first war crimes conviction, as the tank commander who pleaded guilty last week to killing civilians has been handed a life sentence. President Volodymyr Zelenskyy says that Russia is waging “total war” intended to inflict as many casualties as possible, and destroy as much infrastructure as they can. Zelenskyy also addressed a gathering of the World Economic Forum in Davos, and he told assembled global and economic leaders there to apply “maximum sanctions” to Russia.

Meanwhile, Belarusians are joining the fight on Ukraine’s side, hoping that it will eventually help topple the regime in their own country. As well, the dreaded Russian hackers have not proven effective in the Ukraine invasion, and have themselves been the successful target of government cyber-operations and hactivists, so perhaps their reputation is not as deserved as it has been.

Closer to home, Quebec is close to passing Bill 96, which expands its language laws to almost absurd levels, including forbidding the use of English in nearly all circumstances, and there are concerns that the bill allows for warrantless searches in order to enforce it. (There CBC had an explainer here,  but beware the both-sidesing).This is all predicated on the notion that French is “declining” in Quebec—erm, except it’s not. Census data shows that, and the only decline was where French was the “mother tongue,” meaning that its decline may be because of immigration, most of whom learn French is fairly short order (though this is one area where Bill 96 is again overreaching—and they wonder why they have a labour shortage). Unfortunately, every federal party including the Liberals have bought into this narrative, and are not challenging it very hard. Some Liberal MPs have been to protests in opposition to the bill, which the Bloc freaked out about in Question Period last week, to some minor pushback from the Liberal Quebec lieutenant, but it’s not a good sign when any party refuses to call out a blatantly false narrative because they are afraid it will lose them needed votes. Such courage!

https://twitter.com/acoyne/status/1528807121692803072

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Roundup: No, the Supreme Court did not allow an extreme intoxication defence

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We are now on or about day eighty of Russia’s invasion of Ukraine, and it looks like Russian forces took heavy losses to the tune of as many as 73 tanks in a two-day battle that saw them destroyed in a failed river crossing. So that’s something. Meanwhile, a twenty-one-year-old Russian soldier is now on trial for war crimes for killing civilians. It also looks like some six million Ukrainians are now displaced out of the country by this point, most of them in neighbouring countries, and that situation is starting to take its toll.

As for the potential expansion of NATO with Finland and Sweden about to make their applications, Turkish president Recep Tayyip Erdogan says he is not favourable to those countries joining—and applications must be approved unanimously by member countries. This may be a ploy to extract concessions by Sweden in particular, as it relates to Turkey’s domestic political interests.

Closer to home, you will have no doubt seen a bunch of headlines saying that the Supreme Court of Canada has ruled that “extreme intoxication is a valid defence in murders and sexual assaults.” That is not true, and is extremely misleading. The court in fact stated that extreme intoxication is not a defence that can be relied upon. What they did state was that the section in the Criminal Code that said that a state of automatism brought about by intoxication was not a defence was in fact unconstitutional, because it removed the principle around needing criminal intent. (There was a second, related decision that ruled on a few other related issues). There is a difference between extreme intoxication and a state of automatism, and it should behove news outlets to make a proper differentiation so that they’re not spreading misinformation—which they essentially are with these headlines designed to induce a moral panic. So please disregard them, because it is explicitly not what the court ruled. (I will have a piece delving deeper into its issues out in a day or two).

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Roundup: How to remove a central bank governor

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It is now approximately day seventy-nine of Russia’s invasion of Ukraine, and war crimes trials are beginning in the country, hearing from one youth who whose father was murdered in front of him, and who was shot by Russian soldiers but who survived. Shooting at civilians—and children especially—is a war crime, and Russians will be hard-pressed to come up with justifications for them. As well, the UN is declaring a “child rights crisis” in the country, given how many children have been killed in the invasion. Meanwhile, here is a look at the “partisans” fighting on Ukraine’s behalf from behind Russian lines, which may or may not be the cause of all of those fires and explosions.

Elsewhere in Europe, Finland’s president and prime minister are urging the country’s parliament to vote in favour of making their application to join NATO, while Sweden is expected to follow suit days later. If Putin’s fig-leaf excuse for invading Ukraine was to stop NATO’s expansion, well, he’s just done the opposite, so good job there. There will be some sensitivity in managing the time between Finland applying for membership and when they are granted it, as they could be particularly vulnerable to Russian aggression during that period.

Closer to home, Pierre Poilievre’s attack on the Bank of Canada is not going unnoticed, but it helps for the rest of us to know just what he’s trying to suggest. To that end, Kevin Carmichael provides needed context to what exactly Poilievre is threatening to do to the Bank of Canada governor, and why he’s wrong on inflation. As well, this thread is a good take on the mechanism for the how governor is appointed and what it would take to remove him.

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Roundup: A “debate” spectacle sans substance

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It is now around day seventy-eight of Russia’s invasion of Ukraine, and it looks like the Ukrainians have made some gains in the eastern part of the country, pushing Russian forces out of four villages near Kharkiv. Meanwhile, a team of Ukrainian soldiers has been tasked with revisiting recent battlefields around Kyiv to gather the dead, and have recovered the remains of around 200 Russian soldiers thus far. It sounds like they may try to return these bodies to Russia in exchange for prisoners, but we’ll see if those kinds of deals hold.

Closer to home, it was the first official English debate of the Conservative leadership race, and it was…an experience. While it was not the hostile snipe-fest that was the Conference Formerly Known As the Manning Conference debate, it was a strange format where they tried to have limited engagements between candidates, to control the temptation to talk over one another, and then insisted that the audience not clap or boo, which…defeats the whole point of a live audience, and it was a real choice to try and control their reactions. And it had a sad trombone sound. No, seriously. Not every segment was on policy—some of it were personal, asking candidates what they’re reading, or the kinds of music they like, which is fine and humanizes them a little. (But seriously, Roman Baber choosing Amy Winehouse? Has he ever listened to what she has to say in her lyrics?)

https://twitter.com/AaronWherry/status/1524548247456559104

Some observation on each candidate, in the drawn order of their opening statements:

  • Scott Aitchison: While he is aiming to be the reasonable, middle-of-the-road candidates, there are plenty of places where he displays the intellectual heft of the truck commercial he launched his campaign with. A lot of what he offered is not really credible, particularly on environmental or resource development files.
  • Roman Baber: I’m not going to mince words. Honestly, this guy is a moron. He says a lot of things that he’s picked up in the online discourse, but none of it makes any sense, most of it is contradictory, and he’s utterly vacuous—but nobody would call him on that.
  • Patrick Brown: While he kept insisting that he’s the only one who can deliver the suburbs like in the GTA, Brown also made some particular missteps, like insisting he would advance a no-fly zone over Ukraine (essentially committing Canada to a shooting war with a nuclear power), or that the point of reconciliation with Indigenous people is so that we can build more pipelines.
  • Pierre Poilievre: Aside from just using “freedom!” in as many answers as possible, he opened by outright attacking the Bank of Canada and saying he would replace the governor if he were to form government, which is a pretty big bomb to drop. He lied and prevaricated about his previous statements and positions, particularly during the Bitcoin portion of the evening. But the longer the evening went on, the more it became clear that he was just going down the right-wing populist checklist and name-checking every item on it, whether it was saying he’s reading Jordan Peterson’s book, or that he wants to fight “government censorship.” He displayed no principles, just virtue-signalling to the crowd he is courting.
  • Leslyn Lewis: Mostly said a lot of hyperbolic things about how “divided” the country is because of COVID, and that she is somehow going to heal the divides between people who believe in science and evidence, and anti-vaxxers who don’t care how many people they infect because they refuse to wear a mask or stay home. How does plan to heal those divides? Who knows?
  • Jean Charest: Charest was more pugnacious and was willing to break debate rules in order to how do you do, fellow kids?, and insist that he’s the only one who can unite east and west…but he too made a bunch of fairly questionable pronouncements. Like private healthcare delivery could have avoided lockdowns (erm, you saw the States, right?) or that he would cut income taxes to fight inflation (which is like trying to put out a fire with gasoline).

It was an event that begged for booze (which I did not imbibe in, because I had this post to write). But I will leave you with Paul Wells’ suitably acerbic take on the event, which sums the lunacy of it up nicely.

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Roundup: Trudeau visits Kyiv

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It is now on or about day seventy-five of Russia’s invasion of Ukraine, and it looks like all of the civilians have been evacuated from under the steel plant in Mariupol. Up next to be evacuated are the wounded and medics, presuming that the agreement continues to hold, while the remaining Ukrainian forces under that plant make a final stand. As well, Ukraine’s counter-offensive near Kharkiv continues, as it remains the target of Russian shelling. The heavy weapons arriving from the West could be the key to turning the tide of this particular front. Russians also targeted a school being used as a shelter in Zaporizhzhia, where sixty people are feared to be dead. Also this weekend, US First Lady Jill Biden was in the region to hear from mothers who had evacuated to Romania, and later went into Ukraine and met with Volodymyr Zelenskyy’s wife, Olena Zelenska, as a show of support.

The big news for us, however, was the arrival of Justin Trudeau, Chrystia Freeland, and Mélanie Joly in Ukraine, first to visit the Kyiv suburb of Irpin, where they witnessed the devastation at Russian hands for themselves, before heading into Kyiv to raise the flag and reopen the Canadian embassy, and then to meet with Zelenskyy. Trudeau announced a new round of supports and sanctions, and was soon after followed by a declaration from G7 leaders to pledge solidarity with Ukraine, with the added symbolism that it was Victory in Europe Day, which marked the end of the Second World War.

https://twitter.com/PaulCTV/status/1523303970571452416

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Roundup: Boxing in the Conservatives on abortion

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It is approximately day seventy of Russia’s invasion of Ukraine, and Russian forces appear to be storming the steel plant in Mariupol, after a handful of civilians were evacuated and made it to Kyiv-controlled areas. As well, UK prime minister Boris Johnson addressed the Ukrainian parliament (and I can’t wait for the usual suspects in this country to start demanding Justin Trudeau to do the same, just because).

Closer to home, that US Supreme Court leak about the potential overturning of their abortion jurisprudence has galvanized politicians in Canada in a number of ways. For the Bloc, they decided to engage in mischief by moving a unanimous consent motion after Question Period about a woman’s right to choose, which was explicitly designed to box the Conservatives into a corner, and they dutifully marched into it—right after Candice Bergen sent out orders to the caucus not to discuss it. Of course, several MPs made their comments on their way into the West Block, while most of the leadership candidates made their feelings known.

This raises questions as to whether this could happen in Canada, and it’s theoretically possible, but not under the current configuration of the Supreme Court of Canada. Of course, the more likely course is for a future government to attempt to criminalise it via the Criminal Code, which they have been attempting to in piecemeal form, either via “sex-selective abortion” legislation, or bills that give rights to foetuses, which undermines the Canadian legal jurisprudence that rights begin at birth. The bigger problem in Canada is uneven access, whether between rural and urban areas within a province, or between provinces, particularly in places like New Brunswick and PEI, and the fact that the federal government has been fairly impotent when it comes to clawbacks of Canada Health Transfers related to not providing this service (which Conservatives don’t insist on federally, but Liberals do, when they are in power). I also think it’s an issue that this “feminist federal government” simply refunded the clawbacks from New Brunswick when the pandemic began so that they couldn’t be cast as the bad guy, instead of being seen to stand up for principles and for access. And lo, we may soon need to be providing access to Americans who come to Canada for the procedure, and that may cause capacity challenges, depending on the province. So we have our challenges, but they’re different ones from the US.

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Roundup: Unchecked officers want unchecked financing

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It is now on or about day sixty-six of Russia’s invasion of Ukraine, and there has been a crackdown on “traitors” in the country who have been helping Russian forces, sometimes to their own regret later on. Some 400 people have bene detained in the Kharkiv region under anti-collaboration laws, and because of martial law, due process is not always being followed. Meanwhile, president Volodymyr Zelenskyy’s wife, Olena Zelenska, says the war has not changed her husband, but has revealed his determination to prevail, and that he’s someone you can rely on. Elsewhere in Europe, a pipeline between Greece and Bulgaria that was built over the pandemic is getting ready to come online, which will help relieve the situation of Russia cutting off gas to that country.

Closer to home, I read with interest this piece by Kathryn May about the various independent officers of Parliament trying to establish a funding mechanism for their offices that essentially bypasses government, in the name of “independence.” I am dubious, because as it stands, these officers already have no accountability, and their asking to remove what few mechanisms that either parliament or the government can rein them in is worrying. We have seen how New Brunswick’s particular independent officers are trying to organise the ability so that they can essentially write their own enabling legislation (the column I wrote on this is here), which one has little doubt that the ones in Ottawa are eying with particular interest because they will want to do the same, because “independence.”

As I note in the column, these officers have moved away from their intended goal of serving Parliament and expanding the investigative capacity of MPs and using their expertise to assist with legislation and government programmes, and have instead become external bodies that rely on public opinion to mount pressure on Cabinet to act. This diminishes Parliament rather than enhances it, and it’s one reason why I really do not think it’s wise to allow these officers to accumulate any more unchecked power—especially as they have entranced the media, who not only venerate them, but refuse to believe they can be at fault, which is again a problem because it means that what these officers say is repeated uncritically, no matter how problematic some of it is (looking at you most especially, PBO). We have a problem with our independent officers, but we refuse to admit it.

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Roundup: Questions on the inquiry terms

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It is now on or about day sixty-two of Russia’s invasion of Ukraine, and there were missile strikes throughout the country as Russian forces targeted Ukraine’s rail infrastructure, with a particular eye toward disrupting the ability to move weapons coming in from allied countries in the west toward their positions in the eastern part of the country. (This is the kind of operational security that is at stake when our government won’t give specifics about their weapons shipments). As well, the American officials who just visited Kyiv have said that more weapons are on the way, and that they are hoping to resume activity in their embassies within the country within the next few weeks, and hopefully in Kyiv itself, which would be a major symbolic move (and yes, Canada is making its own considerations for resuming activities, depending on the security situation).

Closer to home, the government waited until the very last moment to launch the public inquiry into the use of the Emergencies Act, as the Act stipulates. Justice Paul Rouleau of the Ontario Court of Appeal will head the inquiry, and has 300 days to table his final report in Parliament. While I have a column that delves further into this, I did want to put a few comments here, from national security experts Jessica Davis and Leah West, about particular observations they have about the terms of reference for this inquiry:

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QP: Resurrecting a five-year-old scandal

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After a number of tributes for Guy Lafleur, and one for former astronaut Bjarni Tryggvason, things got underway after the two-week break. While he was in town, the prime minister was absent, but his deputy was present, so that was something, though no other leaders were present either. Luc Berthold led off in French, and he he decried the budget, accusing the prime minster of being out of touch. Chrystia Freeland replied that Canadians understand that inflation is a global phenomenon, and she listed some international comparisons to show that Canada was lower, citing the reasons as COVID and Putin. Berthold then pivoted to the story in the Globe and Mail about the RCMP considering laying a fraud charge against the prime minister for the trip to the Aga Khan’s private island, to which Mark Holland stood up to say that this matter was settled years ago. Berthold insisted this proved Trudeau’s lack of judgment, and decried the loophole in the law, and demanded to know when Trudeau last met with the RCMP, and Holland repeated his response. James Bezan repeated the question about the story in English, and he wondered if the prime minister gave himself the power to break the law, and Mark Holland got back up to recite in English that this was settled five years ago and that the Ethics Commissioner had a report. Bezan repeated his question, and Holland sang the praises about the government’s economic actions.

Alain Therrien led for the Bloc, and he led with this dubious court decision of the appointment of a unilingual lieutenant governor of New Brunswick, saying it demonstrates that the government treats francophones as second-class citizens, and Ginette Petitpas-Taylor insisted that the LG was taking French lessons, and why they were modernising the Official Languages Act. Therrien kept after this, and added to his outrage the appointment of a unilateral anglophone board of directors at CN Rail, and Omar Alghabra insisted that this board would be rectified in the next round of appointments.

Rachel Blaney rose for the NDP, and she raised the fact that the seniors reimbursed for GIS clawbacks were subjected to a time limit, for which Kamal Khera rose to recite her praise for the government’s actions on seniors. Don Davies raised the fact that the government was backing down on some PMPRB regulatory changes for drug pricing, and Adam van Koeverden read a statement about balancing access for new medicines and lowering drug prices.

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