sbv

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[–] sbv@sh.itjust.works 9 points 16 hours ago (1 children)

That's clearly a sheep.

[–] sbv@sh.itjust.works 2 points 16 hours ago

It's a lot easier for everyone involved to beat on the panic-du-jour which is conveniently not their fault, rather than looking in their own wheelhouse to fix their own failings.

I'm disappointed that the press are going along with politicians and policing services on this one.

[–] sbv@sh.itjust.works 5 points 17 hours ago

I tend to agree with you. He said:

“One can never categorically rule out participation,” he said.

“We will stand by our allies, when it makes sense. There’s a distinction between the offensive actions that were taken and are being taken by the United States and Israel, that were taken by them without consultation with Canada, with other allies, and we’re not party to those actions.

“But we will always defend Canadians, we will always stand by and defend our allies when called upon.”

The right answer would be to make like a Conservative and not answer. He can't piss off Trump, but he knows Canadians (outside of a few communities) aren't into this shit. Saying maaaaaaybe walks back most of his appeal from Davos.

Carney is not a great politician. He doesn't know when to shut up (hence his statement of support for the war in India). So far he's lucked into the right moment. I'm not sure what the next few years will bring.

[–] sbv@sh.itjust.works 2 points 17 hours ago

Yes, but:

In the documents, the redacted interlocutor asks Epstein: “did you meet the Irvings?”

Epstein replies “No,” with the unnamed person then writing back that they’re not planning to work for “the crazy Irvings.”

A spokesperson for Irving, who now heads a health-care technology company, told Brunswick News on Monday the former oil exec never had contact with Epstein.

[–] sbv@sh.itjust.works 5 points 17 hours ago (2 children)

It's probably more a question of power and reach. Epstein saw nothing to gain by getting Canadians into his debt.

[–] sbv@sh.itjust.works 2 points 17 hours ago

In jars, you say? The writers were ahead of their time.

[–] sbv@sh.itjust.works 10 points 20 hours ago* (last edited 16 hours ago) (2 children)

There has been far more ink spilled about a shitty private company being shitty than our own justice system returning guns to a household dealing with mental illness.

The critiques of OpenAI are reasonable, but we need to hold our public safety officials to a higher standard.

[–] sbv@sh.itjust.works 58 points 1 day ago (7 children)

* Not known to cause gonorrhea

[–] sbv@sh.itjust.works 1 points 1 day ago

CBC is supposed to tell Canadian stories. In an environment where everyone can make media, they should make room for Canadians to tell stories: stop including ads in their podcasts and online news platforms. Leave those ad dollars for new Canadian news outlets and podcasters.

[–] sbv@sh.itjust.works 13 points 1 day ago

After his Davos speech, I expected a bit better. Instead, he decided to put the sign in the window:

“Canada supports the United States acting to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security.”

Carney had prefaced that endorsement with a description of Iran as “the principal source of instability and terror throughout the Middle East, [with] the world’s worst human rights records.” He added: “[Iran] must never be allowed to obtain or develop nuclear weapons.”

If Carney were a better politician, he would have said "I don't have a position yet - we don't know the specifics of what is happening."

[–] sbv@sh.itjust.works 1 points 2 days ago

putting today's unaffordability issues at the feet of the workers

It specifically calls out Canadian companies failure to invest in improving productivity.

Workers should get a higher share of profits. But companies need to make investments so they'll make more profits. Our tax laws and culture don't reward that.

 

The truth is that homes deliver enormous non‑financial value — stability, community, belonging. Those are reasons to buy. But as financial assets, they come with structural constraints: They are expensive to maintain, difficult to trade, impossible to diversify, and usually purchased with significant leverage. The investment component is real but volatile, and its return path can be long and uneven. For home buyers now facing losses, this is not an individualized failure. It is the predictable outcome of society promoting an undiversified, illiquid, highly leveraged asset as if it were the ultimate life goal.

https://www.theglobeandmail.com/business/commentary/article-the-myth-of-homeownership-as-an-investment-is-wreaking-untold-damage/

 

In 2024, Canada allocated a larger share of its total fixed capital formation to residential real estate than any of the other top 20 economies. ... the trend has been building for nearly two decades, peaking in 2021 before moderating slightly.

Yet despite substantial residential construction in Canada, affordability challenges persist.

Of that total investment, roughly one-third flows into residential real estate, leaving only about 15 per cent for machinery, infrastructure and intellectual property. That imbalance may constrain the productivity growth needed to sustain higher wages and living standards. It could also help explain the continued dominance of legacy firms in the Canadian economy.

https://www.theglobeandmail.com/investing/personal-finance/article-canada-capital-wrong-places-investment-real-estate/

 

If restoring price stability cannot ease the cost-of-living pressures weighing so heavily on the national psyche, what can? There is but one escape route: course-correcting the country’s miserable record on productivity, and artificial intelligence can help get us there [relax Lemmy, this is the only mention of AI in the piece].

“Deep down, Canada’s affordability problem is really a productivity problem,” Bank of Canada deputy governor Nicolas Vincent said in speech in November. “To make things more affordable, we need to raise our income. And the way to grow our income is by increasing productivity.”

...

This wouldn’t be such a huge issue had productivity growth merely kept pace with the G7 average. In that case, the Canadian economy would be about 9 per cent larger than it is today, Mr. Vincent pointed out. That translates to an additional $7,000 per person, or $18,000 per household.

...

Sadly, Canada has been doing very little of either for many years now. Canadian businesses are investing 20 per cent less in machinery and equipment per worker than they did 10 years ago, according to OECD data.

They are also trailing badly on research and development. At around 1 per cent of gross domestic product, Canada’s private sector investment in R&D is about half the OECD average.

Hardly surprising then that Canadian productivity growth has been trending downward for years, decades even.

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-there-is-only-one-escape-from-the-affordability-crisis/

 

While incomes in Canada have risen 76 per cent since 2004, the price of a new home at the lower end of the market has risen by 265 per cent, the analysis said.

“Brand-new family-sized starter homes are over twice as expensive relative to income as they were 20 years ago. And unless governments get serious about bringing down the cost of homebuilding, it will take another 20 years to fix,” economist Mike Moffat said in the report.

The report added that even if home prices stopped rising entirely, it would take 25 years for the price-to-income ratio to reach the levels they were at in 2004.

 

It's incredible that this is still a problem after ten years.

 

Last month, employment in Ottawa-Gatineau fell 3.5 per cent from the year before, a drop of roughly 32,000 jobs.

For the Ontario side of the capital region alone, it was the fourth straight month in which annual job growth shrank by more than 5 per cent. This makes it the deepest slump outside of the early pandemic period since records began in 2011, including the drop that occurred in 2013 when the former Harper government slashed 15,000 federal civil-service jobs as part of its deficit-reduction plan.

https://www.theglobeandmail.com/business/article-ottawa-has-the-worst-job-market-in-canada-faring-worse-than-cities/

 

cross-posted from: https://sh.itjust.works/post/55395587

Eddie Carvery, the activist who crusaded for reparations for the former residents of Africville, N.S., has died of cancer.

Carvery was born in 1946 in Africville, a Black community that stood on the shores of the Bedford Basin.

The town was bulldozed in the 1960s after decades of mistreatment and neglect from the City of Halifax to make way for industrial developments, including the MacKay Bridge.

Carvery, 79, lived in a trailer on the grounds of Africville Park for more than 50 years in protest of the destruction of the community.

Residents who had deeds to their property were compensated according to the market value of their homes, but those who didn't, which was much of the town's population, were given $500.

Despite multiple eviction orders, most recently in July of 2025, and the destruction of his trailers in 2019, Carvery maintained his protest. He did reduce his time at the Africville site in recent years due to health concerns, living part-time in an apartment.

 

A few councilors are pushing the idea of refunding OC Transpo riders for cancelled or delayed trips. What do you think of the idea?

 

the housing crisis has been created by banking practices that have directed excessive amounts of credit into the property market, and especially residential mortgages. As a result, buyers can bid prices up to ever-higher levels, resulting in a market where people must pay more for the same type of housing. Hence financialization can be defined as an inflationary tendency in the housing market that is induced jointly by banks’ desire to expand mortgage lending and buyers’ confidence that the value of their properties will rise.

...

However, the image of a bubble bursting and prices returning to a more rational “equilibrium” level does not seem to apply to the housing market. Because housing is a necessity, people are willing to pay high prices for it. Bidding wars can therefore persist even when relative supply grows, so long as credit markets enable them.

 

Immigration Minister Lena Metlege Diab proudly announced earlier this month that the federal government had exceeded last year’s “ambitious” immigration target for francophones outside of Quebec. What she didn’t say, however, is that this strategy of passing over better-qualified applicants who don’t speak French will likely harm Canada’s economic growth.

It’s one in a series of policies that has upended Canada’s successful economic immigration program by watering it down to meet other objectives.

Francophones are now the highest priority group of skilled workers, with their numbers surpassing those with Canadian work experience, or expertise in health care, education or trades.

The cut-off scores for francophone immigrants, based on factors such as age, education and work experience, are substantially lower than those for other skilled workers offered permanent residence. The lowest cut-off score for French speakers last year was 379; it was 462 for health care workers and 515 for applicants with Canadian experience. According to research from C.D. Howe’s Christopher Worswick and other economists, lower-scoring workers are more likely to struggle economically and make less money. Bringing them in over more highly skilled workers hurts productivity and reduces tax revenue.

...

The government’s rationale, according to last year’s policy paper from Immigration, Refugees and Citizenship Canada, is the “urgent need” to address the decline of francophone and Acadian communities. The government aims to restore their demographic weight to 1971 levels, when it was 6.1 per cent of the population outside Quebec, from 3.5 per cent in 2021.

https://www.theglobeandmail.com/opinion/editorials/article-canada-has-gutted-its-economic-migration-program/

 

Canada’s tax and benefit system is making life harder for low-income seniors who continue working to pay the bills, according to a new report from the Montreal Economic Institute. The think tank is recommending the federal government overhaul how the Guaranteed Income Supplement, a benefit for this group of individuals, is clawed back.

...

Eligible seniors can receive a little more than $13,000 a year from GIS. Once they work and earn more than $5,000, the federal government begins clawing that benefit back. For every additional dollar earned, GIS payments are reduced by 50 cents, before income tax and payroll deductions are applied.

...

The clawback issue was recently flagged by another think tank. A November 2025 report from the C.D. Howe Institute found that Canadians with a modest pension income that includes CPP, as well as OAS and GIS, face some of the highest effective tax rates, often exceeding 75 per cent.

https://www.theglobeandmail.com/investing/personal-finance/retirement/article-canadas-tax-system-puts-low-income-working-seniors-at-a-disadvantage/

 

Alberta broke housing construction records in 2025 and led the country in housing starts per capita — a massive upswing in homebuilding that comes after a period of similarly massive population growth.

...

Some of Alberta’s advantage comes down to geography. Cities in Alberta tend to be a bit more spread out, said Moffatt, which means you can build outward more easily (though that can come with its own challenges, such as the need to build new water infrastructure to service far-flung suburban neighbourhoods).

In Alberta, developers also don’t need to contend with provincial sales tax, he said, which makes it cheaper to build. 

And, generally, development policy is also friendlier at a municipal level in Alberta, said Moffatt.

...

Some federal policies and programs have also helped move the needle — both in Alberta and elsewhere — such as the federal government’s removal of GST on purpose-built rental housing, and a CMHC program that offers discounted mortgage insurance on certain multi-residential projects. 

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