Elections Canada - Please Read post Number 1

Across multiple reputable polls, the most relevant figures are:

  • 57% of Canadians are satisfied with Carney’s performance as Prime Minister (Postmedia–Leger, April 24–26, 2026).
  • 58% approval rating in Angus Reid polling on his first year in office.
  • 64% say he met or exceeded expectations on improving Canada’s international reputation (Angus Reid).
  • 57% say he met or exceeded expectations on diversifying trade (Angus Reid).
 
LE BARON said:
Across multiple reputable polls, the most relevant figures are:

  • 57% of Canadians are satisfied with Carney’s performance as Prime Minister (Postmedia–Leger, April 24–26, 2026).
  • 58% approval rating in Angus Reid polling on his first year in office.
  • 64% say he met or exceeded expectations on improving Canada’s international reputation (Angus Reid).
  • 57% say he met or exceeded expectations on diversifying trade (Angus Reid).
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Depends on your definition of reputable I suppose. The thing about polls in general is that there are so many on most topics you can usually find one that agrees with your own perceptions......
 
Rruuff Day said:
Further to my earlier post regarding the new Sovereign Wealth Fund, Have a listen to this....

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The term that comes to mind is fiscal mismanagement. Especially over the past 11 years . This new scheme reeks of corporate welfare at the end of the day. If any project makes economic sense the private sector would be investing without taxpayer money incentives. This will not end well. As usual. JMHO .
 
1st Vette said:
The term that comes to mind is fiscal mismanagement. Especially over the past 11 years . This new scheme reeks of corporate welfare at the end of the day. If any project makes economic sense the private sector would be investing without taxpayer money incentives. This will not end well. As usual. JMHO .
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And here is another opinion of the fund
www.bnnbloomberg.ca

Canada Strong Fund could be the fixed-income fix to get investors to retirement: Dale Jackson

In a flurry of economic news this week, Ottawa announced the creation of a sovereign wealth fund to finance a shopping list of infrastructure projects.
www.bnnbloomberg.ca www.bnnbloomberg.ca
 
LE BARON said:
And here is another opinion of the fund
www.bnnbloomberg.ca

Canada Strong Fund could be the fixed-income fix to get investors to retirement: Dale Jackson

In a flurry of economic news this week, Ottawa announced the creation of a sovereign wealth fund to finance a shopping list of infrastructure projects.
www.bnnbloomberg.ca www.bnnbloomberg.ca
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We shall see........ as for this being an investment vehicle for Taxpayers, any information on how that would work is missing. They did though I believe say that it would come with no chance of losses . Lol. If that's the case , when the inevitable losses occur who's paying for that ? Rhetorical question....
 
There are many opinions. A line from that link contains an important statement.

"Sovereign wealth funds are nothing new globally and even among Canadian provinces, but are usually financed with excess cash such as oil revenues."

Alberta has a Heritage Trust fund financed mostly by profits from oil and gas royalties. Right now it sits at about $36 billion. Would be more but we use if for healthcare, education, social programs and infrastructure.

Carney's fund is financed with Canadian taxpayer funds which should be used to pay down our national debt instead of increasing it. Although some here (well one at least), will say debt is a good thing, but compare it to our Corvette buyers who financed their cars. Your interest is compounding at a rate that you will never pay your loan off....Indeed, you aren't even able to keep up with interest alone payments. You will be in debt for the rest of your life, and your debt will get passed on to to your children. That is the status in Canada and many countries who at some point in time, their money will become almost worthless. What do you think buying a new car will coast when our dollar is worth 20 cents on the world stage.
Canada's dept is currently at just under $3 trillion dollars and the interest alone is compounding at a rate of around $250 million PER DAY! Where do you think Carneys $25 billion initial deposit is coming from? It's taxpayer money, not excess money from profits or investments. We have no hope in hell of ever keeping our debt under any semblance of control (not that we are even trying to make payments), and all our government is doing is moving money from one pocket into another and wants us to just keep filling both of them.

And we wonder why every year the provincial interest in separation from Canada increases. Especially for the provinces footing the bill.... Not sure what Quebec's excuse is though as they would be pissing away $14 billion in free equalization money if they separated.
 
Rruuff Day said:
There are many opinions. A line from that link contains an important statement.

"Sovereign wealth funds are nothing new globally and even among Canadian provinces, but are usually financed with excess cash such as oil revenues."

Alberta has a Heritage Trust fund financed mostly by profits from oil and gas royalties. Right now it sits at about $36 billion. Would be more but we use if for healthcare, education, social programs and infrastructure.

Carney's fund is financed with Canadian taxpayer funds which should be used to pay down our national debt instead of increasing it. Although some here (well one at least), will say debt is a good thing, but compare it to our Corvette buyers who financed their cars. Your interest is compounding at a rate that you will never pay your loan off....Indeed, you aren't even able to keep up with interest alone payments. You will be in debt for the rest of your life, and your debt will get passed on to to your children. That is the status in Canada and many countries who at some point in time, their money will become almost worthless. What do you think buying a new car will coast when our dollar is worth 20 cents on the world stage.
Canada's dept is currently at just under $3 trillion dollars and the interest alone is compounding at a rate of around $250 million PER DAY! Where do you think Carneys $25 billion initial deposit is coming from? It's taxpayer money, not excess money from profits or investments. We have no hope in hell of ever keeping our debt under any semblance of control (not that we are even trying to make payments), and all our government is doing is moving money from one pocket into another and wants us to just keep filling both of them.

And we wonder why every year the provincial interest in separation from Canada increases. Especially for the provinces footing the bill.... Not sure what Quebec's excuse is though as they would be pissing away $14 billion in free equalization money if they separated.
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It's deficit financing no matter how you dress it up . I can't quite grasp the " logic" given our large debt which just continues to grow. Compounding interest is fantastic when you are receiving it , not so much when you are paying it .
I used a Visa card for many years for business purchases and always paid it in full on time . On one statement not long after it became mandatory for credit card issuers to disclose it the time to pay off that month's total only making the minimum payment was .......118 years ! Now imagine our National debt. Now imagine an increase in the BOC rate which is no doubt coming. Surprisingly it didn't increase at the last setting. I will read the pending post showing how great our fiscal position is later.......
 
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1st Vette said:
It's deficit financing no matter how you dress it up . I can't quite grasp the " logic" given our large debt which just continues to grow. Compounding interest is fantastic when you are receiving it , not so much when you are paying it .
I used a Visa card for many years for business purchases and always paid it in full on time . On one statement not long after it became mandatory for credit card issuers to disclose it the time to pay off that month's total only making the minimum payment was .......118 years ! Now imagine our National debt. Now imagine an increase in the BOC rate which is no doubt coming. Surprisingly in didn't increase at the last setting. I will read the pending post showing how great our fiscal position is later.......
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Well.... for anyone who doesn't understand Canada's debt... Or thinks it's a good thing, have a quick look at this. Don't take too long a look. It's costing us $167,000 each minute.... :(

debtclock.io

Canada Debt Clock - National debt of Canada

Canada national debt live counter. Debt/GDP 95.36%, total debt $2.1T - updated in real time. Inflation, growth and economy stats at a glance.
debtclock.io debtclock.io
 
So..... Carney is dumping $1.5 Billion into Hamilton, Sault Ste. Marie and eastern Ontario for the steel, aluminum and copper sectors for tariff relief. First year...no interest. Then no payments on the capital and "very very low" interest payments from that point on until the 3 year mark when the loan will be repaid in full. Yes Justin.... errr... I mean Carney, nice throwing money to your voting constituents that taxpayers will likely never see most of it again. $50 million per company. Rings of the Stellantis deal. $1 Billion to get Stellantis in Brampton to stay in Canada. Where are they in production now? Illinois. That's in the US for anyone not good in geography.
How about tossing another $1.5 B out for the rest of the countries business and taxpayers who are also suffering. BC lumber industry and their workers are losing millions and companies are closing doors and/or bankrupt due to the tariff increases too Mark. And nobody likes Alberta but your aluminum and steel generates about $2.8 billion into Canada's GDP. Alberta's oil and gas generates $84 billion into Canada's GDP... Toss a bone our way as well. We might even pay it back.
 
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Rruuff Day said:
So..... Carney is dumping $1.5 Billion into Hamilton, Sault Ste. Marie and eastern Ontario for the steel, aluminum and copper sectors for tariff relief. First year...no interest. Then no payments on the capital and "very very low" interest payments from that point on until the 3 year mark when the loan will be repaid in full. Yes Justin.... errr... I mean Carney, nice throwing money to your voting constituents that taxpayers will likely never see most of it again. $50 million per company. Rings of the Stellantis deal. $1 Billion to get Stellantis in Brampton to stay in Canada. Where are they in production now? Illinois. That's in the US for anyone not good in geography.
How about tossing another $1.5 B out for the rest of the countries business and taxpayers who are also suffering. BC lumber industry and their workers are losing millions and companies are closing doors and/or bankrupt due to the tariff increases too Mark. And nobody like Alberta but your aluminum and steel generates about $2.8 billion into Canada's GDP. Alberta's oil and gas generates $84 billion into Canada's GDP... Toss a bone our way as well. We might even pay it back.
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Just like on an election night everything west of the Ontario/Manitoba border doesn't count. And they wonder why so many in the west are pissed at them . There are certain times and circumstances that justify helping industries and workers who are suffering from external factors not of their own doing but come on . Share the wealth as the taxpayers dollars being used are contributed by all Canadians. Not to mention the ever increasing debt which they expect us all to pay for.
 
C SEVEN GS Bob said:
I suspect that eventually many Carney fans in Canada will express "voters remorse" much like we are seeing down south with Trump voters wondering what they did. Unfortunately we have several more years to watch him "spend money he doesn't have" while trying to keep our heads above water.
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Again, unfortunately between Ontario and Quebec there are 192 seats in government. The entire rest of Canada combined only have 125. We need the voter's remorse in those 2 provinces for sure but I'm not holding my breath. Carney is smooth and there's a large central population that can't see the forest for the trees.
 
1st Vette said:
Doesn't pass the sniff test...... "FORMER" Governors General are being given $206,040 in expense money on top of their Golden pensions. Each year.....WTF .
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Carney is going to "look into the expense program" he says. He better have a look at his own expense spending. C'mon.... $21,000 for in flight catering for a 2 hour flight.... Did they have a 'how many lobster tails can you stuff in your mouth in 2 hours' contest?
 
"Carney is going to "look into the expense program" he says. He better have a look at his own expense spending. C'mon.... $21,000 for in flight catering for a 2 hour flight.... Did they have a 'how many lobster tails can you stuff in your mouth in 2 hours' contest?"

Isn't there a rule somewhere that "Lifestyle of the RICH (our money not his) and Famous" must not be questioned?

Another fed up taxpayer. :Banghead:
 
C SEVEN GS Bob said:
"Carney is going to "look into the expense program" he says. He better have a look at his own expense spending. C'mon.... $21,000 for in flight catering for a 2 hour flight.... Did they have a 'how many lobster tails can you stuff in your mouth in 2 hours' contest?"

Isn't there a rule somewhere that "Lifestyle of the RICH (our money not his) and Famous" must not be questioned?

Another fed up taxpayer. :Banghead:
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I've always been one who bent, broke or at least questioned foolish rules.... ;)
 
I've always found it interesting that the things that seem to upset a lot of taxpayers are this sort of conspicuous spending by elected officials. Such as the above $21,000 for in flight catering and Bev Oda's orange juice which I believe was $20.00 at the time . Yet when the Government blows 35 million on a failed hair-brained cricket factory there is hardly a murmur...... you would think they would learn.
 

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