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frank kelton's avatar

Let’s dispense with the fantasy at the heart of this report: the notion that Canada is on the cusp of some renaissance in private‑sector risk capital magically materializing to build major infrastructure. The authors seem determined to ignore the last decade of evidence — evidence showing that private investors have all but abandoned large‑scale Canadian projects because the political, regulatory, and financial environment has become utterly inhospitable.

The report’s cheery optimism about “unlocking private capital” is indistinguishable from wishful thinking. Investors aren’t lining up to pour billions into projects that take 12 years to approve, 4 years to litigate, and another 3 years to renegotiate after a change in government. They’re not interested in jurisdictions where regulatory certainty is a punchline and where political actors treat major projects as bargaining chips in intergovernmental melodrama. The private sector isn’t confused; it’s gone. And it’s not coming back until Canada stops treating capital like a suspicious foreign intruder.

So what’s the report’s solution? More government money, naturally — as if Ottawa’s balance sheet were an infinite well rather than a fiscal crater. Canada is already staggering under a debt load that is growing faster than its GDP, its productivity, and its political courage. The idea that the federal government should shovel even more public dollars into megaprojects because private investors have fled is not just economically reckless; it’s delusional.

Every additional billion Ottawa borrows to compensate for the absence of private capital is another billion added to a debt crisis that is already eroding Canada’s long‑term stability. Interest payments are now one of the fastest‑growing line items in the federal budget. We are borrowing money to service the money we borrowed to replace the money the private sector refuses to invest. This is not a strategy. It’s a spiral.

And while the report pretends that government funding is some kind of patriotic backstop, the truth is far less flattering: public dollars are being used to mask the fact that Canada has become structurally incapable of attracting private investment for major projects. That is the real crisis — not the absence of capital, but the absence of conditions under which capital would willingly participate.

The Line’s discussion of the pipeline deal underscores the absurdity. If the “logical outcome” was always to follow the existing corridor, why did it take years of political theatre, interprovincial brinkmanship, and federal hand‑wringing to arrive at the obvious? Because Canada has built a system where even the simplest infrastructure decision becomes a saga. And sagas are exactly what private capital avoids.

The report’s authors may be content to pretend that government funding can fill the void indefinitely. But Canadians should not be. Every dollar of public money poured into projects the private sector refuses to touch is a dollar borrowed against a future that is already shrinking. The debt crisis is not hypothetical. It is here, it is accelerating, and it is being worsened by precisely the kind of thinking this report embodies.

Canada doesn’t need more government money. It needs a government capable of creating conditions where private capital would willingly return. Until then, the country will continue stumbling forward on borrowed funds, borrowed time, and borrowed credibility — all while congratulating itself for “getting things built” that no rational investor would finance.

Nickerus's avatar

Well said. My POV completely. This slide towards Socialism with the generations relying more and more on.... The Government, does not IMHO bode well for Canada, economically nor on the international stage, and reflects poorly on Canadians themselves. We are a resource based economy in which no private companies will invest.... too much hassle, too many restrictions, too many hoops to jump through. And now we have Carney the apostle of Dirigisme and the Net Zero ideologist running the country. The coming generations might think all this is good for them now, but when the piper comes to be paid, Carney and his gang will be long gone, but the Canadians of future generations will be left holding the can of debt that will have to be paid off. Accumulated debt has to follow all this borrowing and spending of borrowed money. 🤔

Roki Vulović's avatar

But it's the Alberta separatists who are ruining Canada's economy by scaring away investment, not the wishy washy courts and legislatures.

frank kelton's avatar

That take is so backwards it’s almost impressive: blaming “Alberta separatists” for scaring off investment while giving a free pass to the very courts and legislatures whose endless dithering, jurisdictional mud‑wrestling, and policy whiplash have created the uncertainty investors actually cite is like insisting the smoke, not the fire, is what burns down the house. If someone genuinely thinks a million separatists are more responsible for economic instability than years of inconsistent regulatory frameworks, stalled infrastructure decisions, and governments that can’t commit to a direction longer than a fiscal quarter, they’re not analyzing the situation — they’re auditioning for satire.

John Hilton's avatar

I’m not sure if you are replying to one of the other posters, but if you are, I think it’s sarcasm :).

Your points are 100% bang on and it is more than worth pointing out that the current government isn’t making any changes.

Roki Vulović's avatar

I was calling out the Canadian nationalists who blame separatists for this mythical "even dreaming about separatism scares away business."

Michael Edwards's avatar

Yes, yes, yes, a thousand times yes.

Sean Cummings's avatar

Oil is gonna oil in a thirsty world

Ian MacRae's avatar

Toronto Stampede outline

A 5 day festival depicting the Canadian values as determined by the Laurentian Mafia. All events will take place at Sankofa Square (formerly known as Yonge–Dundas square)

Day 1 United Nations appreciation

Torontonians are encouraged to hear speeches from representatives of lesser-developed nations, principally African and south-east Asian, about the shame of Canada’s points-based immigration system that encouraged the brightest, best educated citizens to leave their homeland and immigrate to Canada, where they are required to join their ethnographic neighborhood and avoid mixing with Others.

Day 2 International Court of Justice appreciation

PowerPoint presentation of the last 10 years of ICJ decisions are presented. Those accused are to be booed, whether they are convicted or not. Groups who condemn their crimes will have information booths; attendees are encouraged to make donations.

Day 3 Canada Supreme Court glorification

All the Court-created law, arising from SC decisions, are outlined. The legal and cultural problems that has been corrected by our Supremes are explained in primary school language. Groups representing the beneficiaries of these new laws present success stories that have occurred subsequent to the law’s occurrence.

Day 4 Canadian Human Rights Museum appreciation

Museum staff will present explanation of corrected instances of Canadian history. The Holocaust will be described in a balanced way, including the German peoples’ misunderstanding of their role in offending Zionists. The Balfour Decision that led to the creation of Isreal will be analyzed for its defects that have directly led to the genocide in Gaza. Hamas will provide an outline of the Naqba that led to the creation of thousands of multi-generational refugees. UNWRA will outline the balanced educational program they provide to Palestinian refugee children.

Day 5 The Truth and Reconciliation Committee and Mass Graves appreciation

Admission to this event will be restricted to generational white western colonial settlers. Murry Sinclair will explain to them the need to maintain personal awareness of their white guilt and the need to make continuing reparations to First Nations groups. Instruction in land acknowledgements, smudging and chanting will be mandatory. T-shirts labeled Res School Denier will be offered to all participants upon leaving.

Summary

The Toronto Stampede will be based on acknowledging the cultural necessity of individual rights over the collective rights of citizens. Specialist lobby groups will develop their material free from any organizational oversight or censure. Only approved speech and communication materials will be permitted on the Stampede site. Police will attend to arrest and remove any protestors as their freedom of speech is inferior to that of the organizers.

Proposed by a Toronto resident.

Jo's avatar

OMFG. I now want to go see this bridge. Farmers market, festival, and I’m there.

Jo's avatar

Also - want to understand the cowboy culture of southern Alberta? Read up on Earl Wesley Bascom.

Toronto and Trudeau adopted the post-nation state idea. Now you’ve realized that just makes you generic NPCs.

Jen Mazzarolo's avatar

This one was a hoot. I now have images in my head of the festivals on the bridge. I wish I was going to Stampede. Boo hoo. Instead, stuck in the Hammer with this awful humidity.

Canada has not been a serious country since 2015. I don’t see that changing either, with a government that continues to “govern by announcement and photo op”. People need to wake up & educate themselves on what is actually happening on the ground; unsustainable debt, affordability crises, housing crises, blown immigration system, lack of productivity and innovation, government obfuscation and incompetence and on and on with every damn file. If Management won’t change, it’s time to change Management.

Sean Cummings's avatar

For me, the challenge is that most folks don't want PP in the PMO come from GTA, Montreal, Ottawa. Voters don't like the guy. (AKA the only votes that really matter in a federal election.) At the moment PP is being actively undermined by the rogue MP, Jamil Jivani as that fellow appeals to the MAGA element by peddling outrage—a strategy which have been proven repeatedly blows up in the leader's face.

The CPC needs to ditch PP and get a leader from outside the party who is not afraid to send the social conservatives of that ilk packing. Do this, and the CPC will pick up three times that much from voters who are sick of the negative messaging from the party and want a different leader and direction for the the CPC.

I am a conservative voter. But I am not supporting the CPC until it gets rid that element that keeps dragging them down. It has been this way since 2010. The CPC under current management has been unable to set voter's passions ablaze.

The leader of the CPC is allowing an MP from his party ... a rookie MP at that ... who is clearly auditioning for the role of leader. (If he somehow became leader. Holy crap. We just lived through ten years of a virtue signaling moron in charge. Canada doesn't need a PM doing the same thing but this time, only for the right. )

For me, Jivani should be punted immediately. Bye bye. See ya! Thanks for coming out! Don't let the door it you, etc.

That PP is not doing anything about his rogue MP speaks volumes about who is running the CPC now. It also telegraphs to anyone who follows politics that PP is done like dinner. This should have been obvious after blowing it in last year's election.

Get rid of the social conservative whack jobs and focus on, I don't know, peddling hope?

Wesley Burton's avatar

If polling is accurate Jivani will lose the riding in the next election unless things change. He's a very different kind of candidate and conservative from O Toole who held the riding before him.

Sean Cummings's avatar

100% hope so. I'm so sick of this maga crap in our politics.

Jen Mazzarolo's avatar

Well said. There also needs to be major changes at Party Operations (ie. HQ). I am a CPC EDA President and feel like we lose the ground game vs Liberals unnecessarily. We are our own worst enemy and it makes me crazy. I’m so tired of losing.

I think PP was hoping that Jamil’s relationship with JD Vance would be worth some political gain for the CPC, but I’m not in that camp. It hasn’t materialized either.

PP and his war room did not distance themselves from the MAGA followers & SoCon soon enough while 30 points ahead and didn’t pivot soon enough when Trump BS started. That cost them the moderate voter and undecideds. You had to know the lead would be cut when Carney took over, but the fact he lost his own riding (after being gerrymandered & loaded with government workers and teachers) and lost the election is political malpractice. Who can I sue??

Sean Cummings's avatar

Excellent points. If PP hoped the Jivani/Vance meetup was going to yield results he was dead wrong. The conservatives can win but the movement needs sales training. No culture war garbage please. That just divides us even more.

Random thoughts:

1) People only vote for those they like and trust.

2) Don't import American politics. It will not work here.

3) GTA,. Montreal, Ottawa corridor is where the power lays and they will never vote for a party led by an unpleasant little man whose own Maga approach blew up in his face.

4) Canada is a nation that likes to be governed from the center. It has ever been thus.

5) Since the CPC clearly lacks the skills and insight to defeat the liberals, they must pursue proportional representation starting tomorrow. (I hate PR but I cannot see the CPC winning without it.)

James King's avatar

You know what I don’t understand. Why does anyone believe this is a rational basis for any country to behave? The fact is, Carney seems to have forgotten EVERYTHING he said in his book - which more or less proves he actually doesn’t have ANY VALUES that mean anything unless they’re attached to a lot of dollar signs and crippling debt.

Sean Cummings's avatar

Politicians lie, I heard once.

James King's avatar

So now it’s all about ‘fishing’ for ‘likes’?

George Skinner's avatar

The Stampede is unique to Calgary. I don’t think there’s really an equivalent in any other Canadian city, and that’s OK. Looking north, Edmonton has more summer festivals but none so large or celebrated. Vancouver and Toronto also has a lot of festivals, but none have anything like the cultural impact in a bigger, more diverse city. The Stampede is a distinctive feature of Calgary culture, and that sort of regional distinctiveness makes Canada the place it is.

Bruce Thompson's avatar

Its Mardi Gras with cows and without the beads and boobs. 10 days of rodeo, music, grip and grin and drinking.

Clay Eddy Arbuckle's avatar

No Energy East. No talk on Transfer Payments. Heaven forbid we mention the name Quebec,with their hand out,again. I’m not excited,because it’s tax dollars. Our money,our debt. Suncor bought Petro Canada,show me the money! CNRL has a few dollars to invest in a pipeline,it’s their oil flowing thru

James King's avatar

Sure. By all means build the damn thing - borrow the money and produce a few hundred temporary construction jobs and make the world - which is already heating beyond control - just a little closer to hitting the wall. What’s not to like?

Mark Tilley's avatar

Re: Toronto’s Stampede

Wouldn’t that be Caribana? Or maybe the Pride Parade?

(No, I’ve never been to either.)

John's avatar

I figure Alberta could provide Western hats and saddles for participants in the Toronto Pride parade and call it the Toronto Stampede. Maybe hitch Doug Ford to a chuck wagon while you’re at it. 😳😳😳

Clay Eddy Arbuckle's avatar

Don’t hand Ford the reins! lol

Ray's avatar

I love the idea of a Biden-Obama Peace Bridge Festival!

Greg Chornoboy's avatar

Toward the end, when you're discussing a unifying celebration for the country, one of the suggestions was for the fed's to do something so badly that it unifies the entire country in hating it. The CBC isn't enough?

Doug's avatar

Calgary is one of the world's most postmodern cities beause it is new, has no geographic reason to exist and has been shaped largely by global commodity markets. The Stampede, especially "cowboy cosplay", is apt as its defining symbol. Maybe Calgary is post-postmodern as it is secure enough in its identity to not even consider the reactions of outsiders and run with whatever works.

Clay Eddy Arbuckle's avatar

Commie Carney at it again. The condos he just purchased are for the managers it will take to build a second pipeline. Along the same route,the same port,more tanker traffic.With cost overruns(payouts,bonus) like it’s their first time. I’ve worked on government buildings,construction sites. All were/are shitshows. It seems like everyone doesn’t know what they are looking at,but good dang it you better bow/salute when they talk. I’m an Albertan who has travelled to Vancouver island recently. And I understand why they don’t want an oil pipeline,again. Fuck,would you if you lived on that beautiful coastline? Even our ferry ride had to dodge a tanker. WT? People! Give your head a shake! Sent it East

Paul Marques's avatar

Toronto has the Orangemen's Parade, a festival that goes back to 1820. It will probably never be again what it was in the 19th century and celebrating British Protestantism isn't likely to unify the country.

Chris Engelman's avatar

This bridge fiasco could be solved overnight. Just need to offer to add in a Trump Victory Arch onto the US side

Clay Eddy Arbuckle's avatar

Name it after him,tell him it’s his,have a parade! Hang a flag with his picture! He’ll open it. And yes,it was an American company who built it. Get over it Canada. Tolls? Hell,you don’t charge tolls to the truck traffic driving thru our National Parks,Jasper or Banff. After rebuilding all the bridges,paving,animal corridors. I have to pay for it,again. What would it take for trucks to slow down and toss in a Looney?