Champagne meets with top Chinese officials:  

"Prime Minister Mark Carney’s finance minister Francois-Philippe Champagne is in China to ratify a trade deal and is joined by several Canadian business interest groups, including Brookfield...According to a Globe and Mail article published Wednesday, Champagne is joined by Insurance company CEOs for Manulife, Sun Life and BMO wealth, along with “local executives” from Power Corp, and Brookfield Asset Management."

Why did Brookfield join the delegation? Ever since Mark Carney voted to move the headquarters to New York, Brookfield is no longer a Canadian company. Carney should not be favoring a company from the very country he is refusing to negotiate trade with. So much for the Liberal's Canada First platform. The Elbows-up crowd must have severe neck pains from looking the other way so often.  

https://www.junonews.com/p/champagne-accompanied-by-brookfield

Elbows-Up Economics

It should be noted that Carney  was Trudeau's main Economic Advisor since 2020.  

"From 2014 to 2024, Canada’s real GDP per capita adjusted for purchasing power parity grew by just 3.2 percent in total, an anemic 0.4 percent per year on average, and the third lowest among 38 advanced nations. Over the same period, the United States posted 20.2 percent total growth (1.9 percent annually), and the OECD average reached 15.3 percent (1.4 percent annually). The measurement shortcomings cannot explain five-to six-fold differences in growth rates."

Why Canada’s GDP per capita crisis is real: DeepDive - The Hub

Roughly around the same time that Carney announced non-binding MOU’s with India and Japan that of course will benefit Brookfield and himself,  he called for a  renewal of the EV subsidy, he avoided commenting on the Musqueam Indian band’s claim to all of Vancouver, he also announced an additional $2b to Ukraine while our own social fabric deteriorates.  A new Canadian first occurred under his watch as well; a LNG tanker arrived in New Brunswick from Australia.  That’s right folks!  We imported natural gas from the other side of the planet even though we have our own. This is certainly not carbon friendly and proves Canadians require an east-to-west pipeline.

Ottawa had better wake up to the real world.  Thanks to the recent discoveries of natural gas in many parts of Africa, the world is closing in around 300 years’ worth of proven reserves and an additional century, at least, of unproven ones. Much of this is in our high Arctic and the Indian Ocean.  The plus for us consumers is we can expect a price between $2 and $4 and means natural gas will be the cheapest energy source for the rest of this century. The responsible governments are adopting this cheap and clean natural energy whereas it is only the left leaning governments that are bent on destroying their economies with expensive renewables. Britains power costs four-times higher than Canada’s only because they fell for the renewable trap. 

Oil is a depleting resource.  It is estimated that the world has between 80 to 100 years’ worth of reserves.  Canada is lucky because our oil reserves are close to 80 years’ worth.  But Carney feels it should be left in the ground. If Canadian provinces were viewed as a family parented by the Liberals, Carney would ultimately be viewed as abusive for purposely limiting the success of his children.  It is disturbing that the Elbows Up crowd does not see this. 

The war in the Middle East shows how important our energy sources are for Canada and others. The Liberals have been successful in blocking new pipelines that would generate wealth for Canadians and the government. The demand is there for Canada to lock-in longterm contracts with nations to sell our oil and gas. Yet, our only roadblock remains the Liberal's Climate Change agenda.   

The Climate Scam is slowly destroying Canada. It is the Brookfields of the world who are the only ones profiting from it via government handouts and naïve investors willing to lose their capital.  The citizen however is becoming poor because of it.  In fact, the Liberals are becoming very successful at pushing Canada into Third-world status.    If we could develop our resources, we could easily become one of the most prosperous countries in the world. But since we are ruled by abusive parents, Canada will  never live up to its potential. As time goes on there becomes more reasons for the kids to either run away from home and seek independence or become adopted by our neighbors. 

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If buying stocks today the dividend yield must be between 3.5% to 6%.  However, it is still better to wait for the market to come to you.   We expect interest rates to fall in June which should support the stock market.  But by year end they will begin a multi year increase because government and consumer debts are getting out-of-control and lenders will demand a higher rate of return.  The chart below highlights the relationship between equity markets and interest rates. Specifically, markets do nothing at best when interest rates increase.  This is the reason to be patient and let the market come to you. 

Warning: When looking to buy a GIC, make sure it is insured.  At the end of 2025, three small American banks went broke.  They sold uninsured GIC's and it is estimated that holders of them will get nothing back.  Today, in Canada, small lending firms are facing large amounts of withdrawals as people are becoming scared of the mess in the Middle East and the Carney government.  To date no Canadian firm has gone under.  But the withdrawals are so high it is possible some of these firms could.  We stress if there is no insurance, do not buy.

Chart Source: www.tradingeconomics.com

Worthwhile Site - Carney Watch

Elbows up!  Welcome to Carney's "New...World...Order" where politicians do the opposite of what they ran their election on. 

www.carneywatch.ca

Another month has gone by and what has Carney achieved for the betterment of Canada? Nothing at all. At the same time more logging and auto job losses went unnoticed by him.  How quick he forgot Trump said economic force is all that is needed to take us over.  That is exactly what is taking place. As a western Canadian I would rather be governed as an independent state first, followed by Washington, and then Ottawa under a Liberal. Avoiding the latter at all costs is the only way for Canadians to recoup the standard of living we lost by their management. 

Even though he has achieved nothing, his lack of ethics continues to shine bright. He is trying for a second time to push through Bill C-15 which will allow Cabinet Ministers to exempt individuals or companies from federal law (except Criminal Code) for up to six years. In other words, Carney and his globalist lemmings will be able to pick and choose which friends get the national contracts for his failing budget and economic plan without scrutiny. Correct me if I wrong, but this is not democratic. Whether the projects are a success or they fail, we can be confident that Brookfield, and therefore Carney, will be awarded well.   

Ironically, this is the very “fascist” behaviour that those with Trump Derangement Syndrome like to believe Trump is guilty of.  If Poilievre attempted this the left would be raging. But, since it’s Carney, the Elbows Up crowd think it is perfectly okay. Hypocrisy remains the fastest growing characteristic of being Canadian.

We used to be known as loyal.  No longer though. As soon as our largest customer, who happily protects us at no expense, has a little conniption fit because it wants a better deal on the goods it buys from us, we have an even bigger freak out and say go take a hike. I don’t know about you, but I expect a little better treatment at the businesses I frequent. It is a little thank-you for your loyalty. But nope, not from Canada. Canadians should not allow our government to snub our biggest customer and push them to show some class and negotiate.

America purchases 77% of our exports. China and the UK are our second largest customers who both purchase  4% of our exports each. Other than Communist China, we are the only country to refuse negotiations with Trump which says enough about Canada’s new beliefs. 

The Liberals had a decade to make Canada wealthier than Harper did.  They achieved the opposite and any growth Carney promises will only recover what was lost by his own party at best.   The proof is endless. Just a little of it is below:

Currency: The economy boomed under Harper and the Loonie reached par as a result. There was no reason the Liberals could not have maintained this other than complete incompetence. A declining currency creates inflation and demands higher interest rates. Both lower the standard of living of the citizens, which is also a new Canadian trait that evolved during the Liberal decade.

One outcome of a weakening currency is the growing gap between the Hourly Wage in Canada and the US. It has widened significantly under the Liberals. In April 2016 the gap was 19% compared to a 35% premium Canadian employees earn today for the same labor in the US due in large part to a weak Loonie.

The Liberals are so hopeless that they can’t even attract business with this low wage.

Net Foreign Direct Investment shows how much investment entered Canada versus how much left. Ideally, this should be a positive figure and was close to it until it appeared Trudeau was going to win in 2015. More than five-trillion investment dollars have left Canada than entered since then. 

Climate extremists like Carney use fear mongering to convince people that taxes can control Mother Nature.  As the earth exits an interglacial period like we are today, it warms and CO2 increases naturally. This allows the planet to green and provides us the oxygen and water needed to survive. Carney’s belief that we need to control the level of the non-poisonous essential gas is wrong and deters investment just like the above chart proves. So far a tax on carbon has done squat to lower the amount of it.

Greenhouse gas concentrations - Canada.ca

Business Investment Per Worker: Note how the amount companies invested per employee sky-rocketed under Harper and then declined by 17% between 2014 and 2023. Businesses clearly do not want to make long term investments in Canada if the Climate Clan is in power.

Canada cannot kick its high unemployment rate. So far Carney’s plan has done nothing to close the gap between  Britain and the US. Until this is reversed, Canadians should not vote for a party with investment scaring policies such as a cap on resource production and taxing essential greenhouse gases.

Non-residential investment as a share of gross value-added shows Canada ranks at the bottom among our major competitors.

Our businesses no longer invest in R&D as much as our competitors.

Lets not forget about the Liberal's tough on crime policy which resulted in an unprecedented increase in violent crime amongst other things. 

It is baffling that people are content with the Liberals. Economies tumble at a snails pace and Canada is proof. Our economy has literally been falling apart for a decade. Liberals conveniently forget that tent cities did not exist until Trudeau entered the picture and clearly ignore the fact they continue to grow larger in size and number across the country under Carney. 

Our leadership makes us look weak and as Communist Carney tries to bring us closer to China, we are no longer trustworthy.  It is time the Elbows Up crowd put on their big kid pants, admit their voting mistakes, and demand Carney fix the relationship with Trump or call an election. It is the Liberal voter that is responsible for everything wrong with Canada. Not Harper. Not Poilievre. And more importantly, not Trump.    

Credit: A trillion-dollar gap: 12 charts highlighting Canada’s capital flight crisis - The Hub

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What has Carney done lately?  Nothing like Trump has accomplished so far. Too bad we are run by the Climate Clan because the world demands energy that we can supply.  Who cares though, right? 

Japan details US$36 billion in U.S. investment: Japan plans to invest up to US$36 billion in American oil, gas and critical mineral projects. This is the first set of its $550 billion commitment under the trade agreement struck with the U.S. The investments include a natural gas facility in Ohio, where Japan is expected to invest up to $33 billion. The announcement comes weeks before Japan’s prime minister is set to meet with U.S. President Trump in Washington.