Here’s our Governor of the Bank of Canada telling us how bad things are going to get
Of course Carney was the Governor of the Bank of Canada so he already knows all of this, the question is why is Carney just accepting it instead of trying to stop it?
Well we know the answer and we’ll save it to the end, but first more bad news1
That’s 2 out of 3 shifts gone, I doubt the plant could be profitable running just 1 shift so most likely gone, and think of all of those supply jobs that are gone as well.
—Maybe this is Canada’s new normal
This is a drip method, they are dropping little hints so it won’t be such a shock when it happens
It looks like just Honda and Toyota will be able to make a go of it and Honda has already announced they are shifting some production to the US
And remember, Carney and Brookfield will be investing in US manufacturing, and therefore profiting directly from all of this
This isn’t as funny as it was 10 years ago
Looking more and more like where Canada is headed
—Speaking of where Canada is headed
“Isaiah 1:7 Their land is desolate, their cities burned, and their fields are being plundered by foreigners”
Hardly sounds like Canada at all
—Oh look yesterday the gov of Canada rolled out their unemployment numbers how do you think they look?2
If you answered “pretty fucking bad” then you would be right
31000 manufacturing jobs lost, that was in April, so these auto sector layoffs will be in May
Good thing the public sector hired 37000 people otherwise those numbers would look even worse, it does say that it most likely temporary workers for the election and if so they’ll be gone in May
How are young people, you know the future of the country, doing?
If you answered “pretty fucking bad” then you would be right
The future of the country is starring down the barrel of more than a 14% unemployment rate
Why is the unemployment rate so important?
—Well not only do people lose their homes, they lose their cars, they lose their families and they end up losing their lives3
16x more likely to die from suicide, I wonder how many of those 31k people that lost their jobs will end up committing suicide? Carney knows the answer, but he doesn’t give a shit
—Before we answer why Carney is just letting this happen let’s see if all of this is even avoidable4
With a 30% exchange rate and a reduction in energy costs (we are an energy super power after all), cutting bureaucracy and red tape even with a 25% tariff we would still be competitive, yet Carney isn’t talking about any of that or putting any of those options on the table. That’s all Canadian businesses need is some cost cutting measures to be help them compete, Carney also knows this but he doesn’t give a shit
The truth is Carney wants this and here is the reason why5
From the article
“Brookfield Asset Management said it plans to take advantage of the recent volatility in global markets by deploying some of its US$119 billion of uncalled capital to pick up high-quality assets.”
It means they have shit they want to buy but they want a better price, and to get a better price they are waiting they are waiting for those assets or their owners to become financially depressed
Think back to the 08 financial crisis, in the US real estate, vehicles, boats even equipment like in the roof truss industry for example were going for pennies on the dollar, so people that had money were able to take advantage of the misfortune of others. I remember looking at $300k automated saws that were in storage and selling for $15k. The company I worked for bought a used truss table and accessories for $46k US which under normal curcumstances would have gone for over $200k US
That’s what this war chest is for, to buy shit at cheaper prices. Our pm not only helped set up this war chest he is advancing the conditions that will lead to it being used, and of course he will be profiting off of it.
Carney and Brookfield have been planning for it for years, you think when he was advising Trudeau and Freeland he had the best interests of Canadians or his own in mind?
Carney and Brookfield aren’t just going after houses, atv’s and boats, no they are going after the trillions of dollars worth of untapped natural resources, through policy and his office he will pass legislation that will make them worthless and then scoop them up for pennies on the dollar.
Carney isn’t against pipelines, he’s just against pipelines he doesn’t own.
Carney isn’t againt oil, he’s just against oil he doesn’t own.
The reality is Trump and Carney are both on the same page, Trump doesn’t want to compete with our natural resources on the international markets and Carney wants to depress them to become worthless.
The “elbows up” crowd couldn’t have picked a worse candidate to stand up to Trump, let’s face it 50% of the country is nothing but retards
https://www.ctvnews.ca/toronto/article/gm-oshawa-plant-to-be-hit-with-more-layoffs-next-month-union-says/
https://www150.statcan.gc.ca/n1/daily-quotidien/250509/dq250509a-eng.htm
https://sprc.org/news/unemployment-and-suicide/
https://www.cbc.ca/news/world/britain-trump-tariff-deal-1.7529670
https://financialpost.com/fp-finance/brookfield-war-chest-market-chaos