Thursday, May 17, 2018

Talk Amongst Yourselves..."Like it or not, crude oil is the biggest reason for Canada’s prosperity"

http://business.financialpost.com/opinion/like-it-or-not-crude-oil-is-the-biggest-reason-for-canadas-prosperity

"...In 2014, before the oil-price downturn, crude oil alone generated a $70-billion trade surplus for Canada — excluding smaller surpluses in refined petroleum products and natural gas — far outstripping any other export category (the closest is metals and minerals) and helping to offset large, chronic deficits in autos and parts, industrial machinery, electronic goods and consumer products.

...Even at the bottom of the oil-price correction in 2016, crude oil remained the largest positive contributor to Canada’s merchandise trade, generating a $33-billion surplus. In 2017, net oil exports increased again to $46 billion and will likely climb to over $50 billion this year, alongside the recent recovery in West Texas Intermediate (WTI) oil prices to the $70 mark.

....Oil industry tax and royalty revenues have also strengthened the overall fiscal position of governments across Canada, helping to fund social services. In 2016, the latest year for which data is available, Alberta payments to Ottawa were around $22 billion more than it received, amounting to over $5,100 per capita, helping to fund equalization payments to Quebec, the Maritime provinces and Manitoba. Alberta has consistently shared a portion of its resource wealth with the rest of Canada. Per capita, Alberta’s net federal payments are five times bigger than any other province..."

Wednesday, May 16, 2018

And The Downside Consequences of BC's Pipeline Protests - The Rest of Canada Pays Through More-No Morneau's "Full Indemnity From Losses" Solution

http://nationalpost.com/news/politics/john-ivison-on-trans-mountain-morneau-has-called-kinder-morgans-bluff

With all the legal tools and authority at its feet to begin this pipeline tomorrow, the route that Trudeau, More-no Morneau the Federal Liberals choose is to...spend more money, not on a vialbe pipeline, but spending money on covering losses. 

After "claiming" to have reviewed all options on the table, the solution the federal Liberals have decided is to let BC carry on about its protesting business and allow Kinder Morgan "to attempt" to proceed with a pipeline.  If Kinder Morgan's efforts cannot happen or result in completion, well the Liberals will still claim they were always "pro-pipeline" but still appease (and fund!) the non-pipeline groups and voters.  Meanwhile, all Canadians are out billions of federal tax dollars.

And what's that I hear?...Oh ya, crickets. Still nothing for veterans.  Welcome to head scratching Canada. 

Tuesday, May 15, 2018

Is a More Fair Deal Warranted for Alberta?

http://business.financialpost.com/opinion/brian-jean-its-time-for-alberta-to-demand-a-fairer-deal-from-canada

"...Meanwhile, B.C. Premier John Horgan is selling out his Canadian neighbours in Alberta to benefit his friends in the state of Washington. In one of the most outrageous press conferences held by any provincial leader, he stood beside the governor of Washington to announce that they would work together to stop the Trans Mountain expansion. All this while B.C. has said yes to a new pipeline to bring fuel from the U.S. to the Vancouver airport. It appears to this Albertan that politics may be trumping integrity and honesty.
This is the state of Canada today. Intentionally selling out and attacking our own Canadian brothers and sisters in order to benefit our American competitors. Canada should be ashamed...."

Thanks To Liberal Deficits, "The typical Canadian tax-paying family is on the hook for over half a million dollars in public debt and $1,833 in monthly interest"

http://nationalpost.com/opinion/john-robson-exactly-how-much-debt-do-canadians-really-think-theyll-ever-be-able-to-repay

"....In Ontario, total provincial debt is fast approaching $350 billion. At $25,700 per person, that’s $102,800 per family of four, and monthly payments of at least $342.

Except about half of Ontarians pay virtually all the taxes. (According to Fraser Institute figures, the bottom half of all Canadian income earners pay just 15 per cent of all taxes, while some seven per cent of Canadian families don’t earn income.) So if you’re somehow making a decent living, you must nearly double all those numbers. Add $200,000 to your family debt, and $666 in monthly interest.

Still staggering along with me here? Well, brace yourself for more, because if you include dubious bookkeeping flagged by the provincial auditor-general, from off-book borrowing (at higher cost) by Ontario Power Generation to understating Ontario Teachers’ Pension Plan and Public Service Employees’ Union Pension Plan liabilities, you can safely add $70,000 more to the debt and assume your real monthly Queen’s Park interest bill is $900.

In some provinces the problem is less severe. But in others it’s worse. And everywhere the federal government’s ostensible debt is now $631.9 billion, another $17,412 per person, or nearly $70,000 per family of four and $140,000 per taxpaying family of four. You might want that drink after all.

Or be unable to afford it, because the total load in Ontario is now a knee-buckling $410,000 and the monthly bill rises another $466 to $1,366. Seriously, if you had to add nearly half a million dollars to your family liabilities and find another $1,366 in interest each month, would the bank give you a credit card? Would you sleep?..."

A Murderous Member of ISIL - Welcome To Canada and Run Around Toronto All You Want

http://nationalpost.com/opinion/john-ivison-if-self-confessed-isil-killer-is-not-held-accountable-who-will-be

As evidenced by other terrorists and people like MP Maryam Monsef - terrorism is not grounds for denying or revoking Canadian citizenship, but lying and fraud is.

Well, here we are, Maryam Monsef is still a Canadian and sitting in the House of Commons as a MP.  Meanwhile, Abu Huzaifa al-Kanadi in coming/returning to Canada has done both of the above. Yet he is allowed to run free allegedly in Toronto. 

Excerpt from article...

"...Abu Huzaifa al-Kanadi, his nom de guerre, talked in a disconcertingly bland North American accent about being taught how to behead people. “You had to know how to slice a head off,” he said.

He then depicted a group execution, in which he shot a middle-aged Muslim man in the back of the head. “It’s justified – you’re not going to be held accountable,” he said he told himself.

On another occasion, he took part in a community killing, stabbing a drug dealer in the heart. “The blood was warm and it sprayed everywhere,” he said. “I had to stab him multiple times.”

He said the second killing left him feeling “disgusted” and determined to return to his parents in Canada. He escaped to Turkey, and then on to his grandparents’ home in Pakistan. He eventually made his way home to Canada, telling immigration authorities at the airport that he’d spent the past 10 months at university in Pakistan. “I said it in a way so that it didn’t seem I was lying,” he said.

The only positive in all this is that he said he would never return to a life of violence. “No, I’ve come too far from it,” he said.

But, regardless of his conversion to a more harmonious world-view, it should not be overlooked that there is a self-confessed killer on the loose in Canada’s biggest city – one who lied to immigration officials to get into the country..."