How did Canadians lose 20% of the value of their savings to federal fiscal mismanagement and over-regulation since 2015?
- a retiree with $100,000 in savings in 2015 now has less than $80,000 in equivalent purchasing power due to inflationary fiscal mismanagement; a $20k loss -
Canada is in trouble. This is the ninth budget in a row that depends heavily on excessive borrowed money managed by an obesely bloated federal bureaucracy that is now 40% larger and 68% more costly than when the Liberals took power in 2015.
Unwilling to live within the tax
Working overseas I constantly encounter Canada’s declining performance in international security, banking and investment circles. Seeing it, I feel compelled to write about it - but it’s pretty niche.
So yesterday I was amazed to see popular liberal comedian and commentator
They say in politics, liberals are the gas pedal, and conservatives are the brakes, and I'm generally with the gas pedal, but not if we're driving off a cliff.
Making promises with borrowed money is an addiction, especially when someone else has to pay it back. The excuse to keep spending is the ‘nanny state’ ideology. Here, in the Finance Minister’s own words:
“Let’s be honest about what austerity and shrinking the state would mean
In London having a coffee - watching U Ottawa embarrass itself across Europe this morning.
Memo to Ottawa students: if you can’t spell the name of the place you think you’re supporting it’s time to spend more time *inside* that library you’re defacing.
While you’re in there
Did you know the Canadian bureaucracy was only showing up twice a week for work?
Asked to show up 60% of the time, the union is: “incredibly frustrated and angered by this announcement… previously most federal public servants had to be in the office two days a week”
In the
Wow he’s nervous. Wasn’t ready to be pinned on the facts.
Minister Guilbeault’s anti-science plastic ban was destroyed by the federal court. Since he’s trying so hard to forget - it was ruled ‘unreasonable and unconstitutional’ by Madam Justice Furlanetto, the definition of
Alberta is on a path of stable and sustainable (depending on our next leader), economic recovery thanks to the leadership of
@jkenney
. This kind of work is never easy. Thank you for your service to Albertans, my friend.
#ableg
No one is saying it better than my old grad school friend Ben Sasse, now President of the University of Florida.
Is there a University President in Canada that will step up like this after months of naked anti-semitism on display in our streets/campuses? This is what real
@SteveRickettsSP
@DavidEganAB
Hi Steve.
You got me with this one.
My background as principal advisor to the Premier taught me everything I needed to know about how ‘fairness’ arguments are used by the left in Canada to justify borrowing at a level that cripples the economy, destroys public services with
Now, richer than Texas….. Alberta is winning economically; reaching escape velocity as it continues to set its own economic path within Confederation.
Politicians have a choice to grow their tax revenue base through a healthier competitive economy that creates real jobs and
Refreshing common sense from retiring Singapore PM Lee Hsieng Loong on how wokeness divides people:
“It leads to very extreme attitudes and social norms, particularly in some academic institutions/universities.
You talk about ‘safe spaces’; you talk about ‘appropriate
This Oxford debate takes a turn when Mr. Winston Marshall - who was amazing on the banjo for Mumford and Sons - turns out to be pretty good on the microphone as well :)).
He talks openly about Canada’s truckers and other populist moments while debating Nancy Pelosi on whether
@mwade60
@palestine
@IDF
@CBCOttawa
@DailyMailUK
@uOttawaCIPS
The ‘genocide’ is what Hamas did to their own people for their Iranian paymasters when they broke a ceasefire to rape and murder Jews to derail the Saudi peace deal. Now they use their own people as human shields as Israel eradicates the terrorists and their tunnels. Their
@Axe_Grrl
@acoyne
Hi AxeDame; net debt/GDP ratios compared to other unitary instead of federalist states is one of the biggest mistakes this government has made to justify its spending. Two reasons this is bad:
1. The numbers the feds submit to those comparisons tries to include the assets
Three years ago, I asked Dr. David Knight Legg to consider leaving his banking career in Asia to come home and give back a couple years of public service to Alberta. He answered that call.
@KatKanada_TM
@cdnpolitics
@CdnPressPoli
@CBCNews
@CTVNews
Hey Kat. Strongly believe there’s nothing Canadians can’t fix, starting with a smaller and more agile/digital and focused govt that does more with less… But it’s time to get started - including reducing *provincial* taxes and borrowing/debt to start getting competitive with US
From the beginning, this was about changing the landscape of economic development in Alberta. I am Incredibly proud of the work the
@Invest_Alberta
team has done and will continue to do!
I won’t be far away.
#ableg
#cdnecon
The future of net-zero is in the hands of engineers, entrepreneurs, investors, and companies like Air Products.
Proud to welcome this billion dollar expansion in Edmonton!
#cdnpoli
#ableg
#yeg
In conjunction with the Government of Canada & the Province of Alberta's clean energy initiatives, we plan to build a multi-billion dollar landmark net-zero
#hydrogen
energy complex setting the stage for us to operate the world's lowest-carbon-intensity hydrogen network.
Global companies have a choice to grow their business anywhere... their choice:
#Alberta
.
Happy to welcome
@Mphasis
and announce more later today alongside our partners.
#ableg
#yyccc
Alberta has some of the best creative talent in the world and - extraordinary natural beauty that has been the backdrop for award winning films.
We’re proud to showcase a selection of what has made Hollywood’s smartest choose
#Alberta
:
#ableg
#cdnecon
Prime Minister Brian Mulroney: a memory. Back in the early 90s, PM Mulroney ran into me and two buddies - JC and Sean. We were visiting Parliament Hill from Lethbridge, Alberta on a student leadership event. We were nobodies from a small town and we probably looked lost. He
@PathosToWhack
@palestine
@IDF
@CBCOttawa
@DailyMailUK
@uOttawaCIPS
I posted this once and I’ll post it here again in response to this ‘genocide’ argument:
The ‘genocide’ is what Hamas did to their own people for their Iranian paymasters when they broke a ceasefire to rape and murder Jews to derail the Saudi peace deal. Now they use their own
The tech and innovation opportunities in Alberta are globally recognized. Our province offers a highly educated workforce, great quality of life and affordability for employees. Proud to welcome
@RBC
to
#yyc
and the broader tech ecosystem!
#ableg
#yyctech
Happy to share that
@RBC
is launching a Calgary Innovation Hub with plans to create 300 meaningful tech jobs in high-demand areas such as AI, machine learning, data engineering & more!
#yyctech
#yyc
#abbiz
#Canada
"Ukraine has the second largest gas reserves in all of Europe," David Knight Legg, former principal adviser to the premier of Alberta, tells CBS News.
Legg estimates that Russian forces, so far, have seized 90% of Ukraines energy resources, including gas and oil.
Some exciting organizational news from us today as we share our new executive management team and announce the appointment of
@lynettetremblay
as our VP Corporate Affairs (starting July 5)!
Pleased to welcome
@mcloudtech
to
#Alberta
. Their work to create a more efficient future using artificial intelligence will greatly benefit our province.
@isnhhb
@cafreeland
@CPAC_TV
Totally agree: in my opinion Neil, if Canada really took global emissions seriously, we would work to develop and ship our LNG to offset coal emissions globally, especially in China and India where emissions are growing fastest from coal use. That would remove more emissions than
@ButlerLonney
@cafreeland
@CPAC_TV
The math, LCE, is pretty compelling on corp rate cuts. Govt spending - not lower taxes - is what creates deficits in Canada today.
In Alberta we modelled the rate for its impact on different sectors with different rate sensitivities. The corp tax cut was key to diversified
We plan to build Canada’s largest renewable diesel complex at our Strathcona refinery in Edmonton.
The project furthers our commitment to a lower emission future, and will support Canadian farmers by using locally-sourced and grown feedstock.
Read more:
Great work the
@Invest_Alberta
team is doing to secure jobs & investment!
“When these companies look at Alberta, they see a network of support across municipal & provincial governments / economic development groups that you see in very few places in the world”
#ableg
@MarkBenjam93537
@cafreeland
@CPAC_TV
Thanks for your service. I didn’t know that angle, and I’m sorry that was part of what happened. All of that is what we should be working to avoid by living within our means and making hard decisions now.
Everyone
@Invest_Alberta
is excited to welcome
@Infosys
. This expansion speaks to the growing momentum our province has in tech and innovation - with the best talent, taxes, and lifestyle in Canada.
#yyctech
#ableg
Chrystia Freeland actively weaponized FINTRAC terror finance laws to freeze the bank accounts of Canadian citizens/supporters for their political dissent on covid rules. This unprecedented authoritarianism tarnished Canada’s reputation as an open liberal democracy, and civil
@DavidTaylorNYC
@cdnpolitics
@CdnPressPoli
@CBCNews
@CTVNews
Hey GuacDave; interesting chart. normally capital spending per worker is a corp decision,but you refer to political parties. Is this chart public sector union workers & govt investment?
- One of the reasons we cut the corp tax in AB is so there is more capital to hire/invest
Introducing CP’s new prototype hydrogen-powered line-haul locomotive:
#H20EL
or Hydrogen Zero Emissions Locomotive. Each design element conveys CP’s commitment to sustainability & transformational technology.
#SustainablyDriven
#AlwaysInnovating
“If we find ourselves with a desire that nothing in this world can satisfy, the most probable explanation is that we were made for another world” - C.S. Lewis.
Here’s to Easter, when darkness and death gave way to light and life like winter gives way to spring
Alberta has some amazing public servants. Our cities need partnership & proven examples from around the world on what works best to bring jobs and investment into our cities. We
@Invest_Alberta
are proud to help with that.
We’re on a great track so far.
#yegcc
#yyccc
#ableg
Under cover of the wider conflict, Putin is taking full control of
#Ukraine
’s extremely valuable energy assets and intends to integrate them into the Russian supply chain on which Europe depends. China & India will eventually depend upon it too.
Looking forward to working with Rick! He brings a wealth of experience to the organization and will be a great leadership addition to our province.
#ableg
The Board of Directors for Invest Alberta is pleased to announce Rick Christiaanse as its next Chief Executive Officer effective October 25, 2021.
#InvestAlberta
Congrats to the team
@DowNewsroom
who worked alongside a number of leaders to ensure these kinds of investments and announcements continue. Alberta is quickly becoming a global hub for this work!
#cdnecon
#ableg
Today we announced plans to build the world’s first net-zero carbon emissions ethylene cracker and derivatives complex at our Fort Saskatchewan site in Alberta, Canada.
#SeekTogether
#DowIRDay
$DOW
Edmonton continues to establish itself as a leader in digital innovation and smart city initiatives.
Great to have our
@Invest_Alberta
team work with
@GlobalNTT
and others to develop new solutions in Alberta.
#ableg
#yegmetro
NEWS: Partnership with Japanese company bringing on-demand transit within Airport City Sustainability Campus. Pilot program starts later this year giving more control to passengers to visit attractions within airport grounds.
#airports
#yegbiz
#ABBiz
1/3
This is an amazing opportunity for
#Alberta
to become the North American leader in low emission travel between Calgary’s international airport and one of the most popular mountain communities in the world!
#cdnpoli
#ableg
#yyccc
Canada can make a way bigger difference in the planet using our huge gas reserves instead of lectures to help Asia reduce coal emissions on the grid op-ed: If Guilbeault actually cared about coal burning, he'd back natural gas | National Post
@peterfortna
Hi Peter. Has their performance dropped significantly as you increased their headcount by 40pc and payroll by 68%?
Some things can be remote. But most jobs mean showing up. And performance outcomes should determine the difference.
Appreciate Larry’s public service to our province. He provided steady leadership to Premier
@jkenney
and will undoubtedly do the same at
@ducanada
!
#ableg
Premier Jason Kenney's principal secretary Larry Kaumeyer -- who had served as the interim chief of staff for the first half of this year -- will leave to become the chief executive of Ducks Unlimited Canada in October. /via
@globeandmail
#ableg
#cdnpoli
Interesting angle to the Dow deal from
@gilmcgowan
. I don’t share Gils politics here but I salute his efforts to work with his friends in Ottawa to fund more Dow jobs.
However, although Chrystia Freeland found some money at the last minute, it’s important to keep in mind that
Freeland was announcing a big expansion at the Dow chemical plant in Fort Saskatchewan that will create thousands of construction & operations jobs for Albertans. I worked with her on the incentive package that made it possible. Apparently, Cory hates Alberta jobs.
In getting to know
@justin_archer
I’ve come to understand his powerful eagerness to shape the Alberta brand globally and in specific sectors. His combination of creativity and business acumen will be a great addition to the
@Invest_Alberta
team!
#ableg
#yegcc
As our team continues to grow, we're pleased to announce that
@justin_archer
is joining us as Vice President of Business Development on July 19.
More information:
Great message from
@BobDhillon_MEQ
“here in Alberta, free enterprise still exists. It is like a last beacon in North America with that can-do attitude and entrepreneurial spirit”.
Proud to work alongside him & the
@RentMainstreet
team
#ableg
#cdnecon
We need to build Canadian-controlled access to global energy markets. This means building the necessary infrastructure immediately.
Following TMX with Northern Gateway is an opportunity worth pursuing.
#cdnpoli
#cdnecon
#ableg
@GDR_Trading
These universities belong to all Canadians who pay for them. As an alum you should want your kids/grandkids to go to the best Cdn universities - and you should be able to expect leadership like Ben’s.
A quick read of this federal policy may lead you to believe it’s thoughtful but this impacts: your cell phone, contact lenses, credit cards.
Canada’s chemistry industry is more than a century old and has led on sustainability. This is what’s at risk...
#cdnpoli
#ableg
@politicalham
Markham - China also built five times the coal fired capacity of the rest of the world combined. They’ve massively expanded coal on the grid, as has India.
Renewables will remain a small part of the global energy mix for the foreseeable future because they’re intermittent and
The production — its Edmonton scenes being shot in and around Rice Howard Way mid month — was lured to Alberta in part by our provincial tax credits.
#Yeg
@BrockWarkentin
Happy to hear why Mike is negative on what Alberta did that’s working - or what the other 33 advanced economies beating Canadas GDP productivity on the OECD analysis are doing so much better than us at a national level.
It’s not partisan. Canadians should be more prosperous,
@acoyne
@trevortombe
Andrew, how is a specific cap gains treatment - of any kind, even zero - a ‘subsidy’? Cap gains is a category of tax available to any taxpayer on its own terms, so there’s no ‘subsidy’ in play; only a risk/reward that is enhanced at lower tax levels and declines at higher tax
This policy threatens to offshore some of the best advanced materials science and risk investment into a value-add industry for the
#Edmonton
region and
#Alberta
.
We need a commitment to scientific integrity and build on our world-leading chemistry industry success.
#cdnpoli
A policy on plastic waste should follow 3 principles:
1 - Do what is best for the environment.
2 - Be a commitment to scientific integrity.
3 - Embrace Canada’s world leading chemistry industry to help manage plastic waste & create a circular economy.
This is incredible news for Alberta’s own
@Eavor
. Their startup is focused on commercializing geothermal energy to provide large-scale power in many regions worldwide.
A $40M USD investment that furthers work in ESG and clean energy:
#cdnecon
#ableg
#yyc
@mansgame100
Agreed. Some work can be remote and effective. Some needs to be in the office. The bureaucracy and its union haven’t got the balance right. The collapse in public trust and satisfaction in their public services has accompanied the growth of a bureaucracy that is unresponsive
Proud to see this
#yyctech
news as well. Both Edmonton and Calgary are excelling in tech and innovation, furthering our provinces reputation as a global leader in this industry.
@jkenney
Vindication, friend. Finally. It all comes out eventually.
Thanks again for your leadership of Alberta through very tough times and personal attacks like this. You brought together a party and a team that was able to lead Alberta out of the policy wilderness after four
A thoughtful plan for downtown Calgary that prioritizes investment, growth, and activation. Looking forward to seeing it come to life. Congrats to all involved.
#yyccc
#cdnecon
Varcoe: After a six-year slide & with nearly a third of office towers empty, it's time to revitalize downtown Calgary.
A new $200M investment plan is the beginning.
#yyc
#yyccc
Opinion: Put a price on Canada’s plastic waste, not its advanced chemistry - The Globe and Mail.
I wrote this in March 2021. This week, a federal court agreed; which is a win for advanced science, natural resources, the economy - and the environment.
@peterfortna
Totally agree. I don’t know why the collapse in public service performance has been so complete but the union acting horrified at being told by the govt to show up 60pc of the time is a good indicator the govt has lost control. Whatever the reason Canadians aren’t getting
@BrianJeanAB
Great leadership in energy generally and in supporting TC and indigenous equity participation Minister Jean. These deals and the work of the Indigenous Opportunity Corp is changing the game in getting things built and sharing the prosperity in Alberta.
@globeandmail
Canada will reduce GHGs 19pc by 2026? Suddenly beating all known global decarbonisation examples? In 2 years? After steadily growing emissions 2016-2019? Now with post-pandemic economic growth? These projections are an act of political faith, not science.
Met with Jayan a year ago after the NASA award to talk about what could happen next. He and Darren have done incredible things and will continue to save so many lives in the process!
Congrats to both on their continued success.
#yeg
#cdnecon
#ableg
A big CDTRP Congratulations to Dr. Darren Freed and Dr. Jayan Nagendran for their hard work on this project and
@BridgeToLifeLTD
for championing the future of EVLP 👏🙌
Read more 👉
Positive investment news today from
@The_AIOC
as they announce up to $40 million in loan guarantee support for 8 Indigenous Communities in the Wood Buffalo Region to finance a 14.25% ownership interest in the Northern Courier Pipeline System.
#abbiz
#ymm