Carney's Cash

Prime Minister Mark Carney billed $524K on in-flight catering during first year as PM

Meanwhile 25% of Canadians are experiencing food insecurity. 

Prime Minister Mark Carney billed $524K on in-flight catering during first year as PM - Yahoo News Canada

Shades of The Great Subprime Mortgage Meltdown of 2008?

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Fund caps client redemptions at 5%, an about-face from firm’s decision to pay out all requests earlier this year

https://www.wsj.com/finance/investing/investors-seek-to-pull-10-from-blackstones-giant-private-credit-fund-7cbca527

AI Bubble Anyone?

It’s getting exciting. Who wants to bet the Case‑Shiller PE ratio breaks a new all‑time high? It’s only about 3% away from surpassing the Tech Bubble peak.

  Shiller PE Ratio - Multpl

"Looking ahead, while the IMF acknowledges that the near-term global outlook remains complex, it states firmly that “Canada’s strong fundamentals and reliable access to external financing provide important buffers,” and the IMF’s latest World Economic Outlook projects that Canada will have the second strongest economic growth in the G7 in 2026." 

Not Honourable François-Philippe Champagne, Minister of Finance and National Revenue

“Canada is ready to lead.”

...Mark Carney

Elbows-Up Economics

Canadian economy falls into technical recession: The Canadian economy fell into technical recession to start this year. Real gross domestic product unexpectedly fell by 0.1 per cent on an annualized basis during the first quarter. That follows a one per cent contraction in the fourth quarter, a downward revision from a 0.6 per cent decrease previously reported by StatCan. Weak business and government spending is holding back the economy, as Canada deals with tariff restrictions with its largest trading partner, the United States. The last time Canada recorded two consecutive quarters of negative growth was in 2020 during the COVID-19 pandemic. Before that, it was in 2015 amid low oil prices. (BNN Bloomberg)

Meanwhile our neigbour's GDP increased 1.4% in Q42025 and 1.6% in Q12026.  Trump placed tarriffs on almost every country in the world and only two leaders did not negotiate.  They are Carney Marx and his best friend, Xi Jinping.