READING: US demands more foreign oil (as long as it is not Canadian)

The dairy cartel raises prices (because they are a cartel, you see)

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TOP STORIES

Recent months have seen a massive rise in the price of, among other things, gas, housing, beef and telecommunications. Do not want to be left out, Canada’s milk producers recently called for milk prices to rise dramatically 8.4 pct. Wait, isn’t it illegal for an industry to collaborate on the price of a product? Didn’t the Loblaws get in trouble for doing just that with bread? Yes, it’s illegal – for every other agricultural sector in Canada except the one that produces dairy products.

Prime Minister Justin Trudeau opened his speech at the UN climate conference COP26 at reiterates its election promise that Canada would “ceiling” emissions from its oil and gas industry . It is not quite a promise to limit production, as Trudeau only counts the emissions required to produce oil and gas (ie: the natural gas burned to run an oil sands operation in Athasbasca), and not the much higher emissions, that occurs when that oil and gas is eventually burned. So if Alberta just ran all its oil fields on nuclear power or something, we would be in the open.

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Trudeau said Canada’s voluntary emissions ceiling would be an inspiration to the world’s other oil and gas producers. In the meantime US President Joe Biden told the same oil producers over the weekend that they should start emitting more . More specifically, he urged people like Saudi Arabia and Russia to produce more oil and ultimately bring the price of gasoline down. Biden’s call did not mention the land just across the northern border, which happens to be sitting on a sea of ​​oil that is gradually becoming less accessible to U.S. consumers because Biden continues to cancel pipelines connecting to it.

Brian Mulroney still sleeps deeply every night knowing that he was the last Conservative (and the last Prime Minister) to win more than 50 percent of the vote in a general election. In a speech to CTV, Mulroney had some advice for Conservative leader Erin O’Toole regarding members of his caucus who refused to be vaccinated: Fire them . Mulroney cited an example during his premiere period in which he had two caucus members who did not support GST. “They went out,” he said.

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Mulroney could also afford Trudeau and told him that ” make his hands dirty ”To counter Biden’s” buy American “plan for the automotive sector. Speaking of nothing, here’s a video of Mulroney singing When Irish Eyes Are Smiling to Ronald Reagan.

Sorry, this video could not be loaded.

https://www.youtube.com/watch?v=Fn78kjaABPQc

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Meanwhile, Erin O’Toole is here to speak out loud about his views on something that is not the unvaccinated status of his caucus. I and op-ed, O’Toole said we should end Canada’s six-month half-time marathon with all our flags .

Once again proving that Canadian politicians will do everything possible to ensure that housing is affordable, apart from increasing the supply of housing, Denis Coderre tries to win back the mayoral seat in Montreal by promising to start covering residents’ payments . Specifically, any first-time buyer in Montreal will get an interest-free loan equal to 10 percent of the value of their property. Because as everyone knows, when the price of an item rises due to scarcity, it will somehow solve the problem if you artificially make it easier for more people to buy that item.

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Something in Canada has just gotten cheaper! The price of timber has taken a dive after reaching meteoric post-pandemic heights just a few months ago, leading to 2x4s now costing only a quarter of what they were last spring.

To the right, an Oxfam protester outside the UN climate summit COP26 removes his giant head, representing Canadian Prime Minister Justin Trudeau.  For years, the charity (which was originally founded to help alleviate famine) has made it a point to appear outside of global summits wearing giant heads.
To the right, an Oxfam protester outside the UN climate summit COP26 removes his giant head, representing Canadian Prime Minister Justin Trudeau. For years, the charity (which was originally founded to help alleviate famine) has made it a point to appear outside of global summits wearing giant heads. Photo by Oli Scarff / AFP

COVID

One of the biggest threats that COVID-19 poses (apart from the obvious) is the disease’s ability to overwhelm health systems and gather peripheral victims due to the fact that health care is becoming inaccessible to the general population. In an ironic twist, the exact thing is happening now in BC because of not COVID-19, but because of the vaccine mandates designed to combat it. After 4,000 health workers were put on unpaid leave due to their lack of evidence of COVID-19 vaccination, BC hospitals have to respond to the sudden understaffing by postponing surgeries and limiting diagnostic tests .

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DATA NERD

Moody’s believes our real estate can be a bit overvalued . In a new report, the credit rating agency said that selected Canadian housing markets may be overvalued by up to 91 percent. However, the only crash (or “correction” as they call it) is predicted for Montreal. Elsewhere, prices are simply expected to rise as interest rates (and inflation) catch up.

In a very important poll published last week by Research Co., Nearly three-quarters of Canadians now express tacit approval to place pineapple on pizza . The addition of the tropical fruit to pizza is generally considered to be the invention of Ontario pizzeria owner Sam Panopoulos, and is most loved in Alberta (with more than 90 percent approval) and most hated in Quebec (with only 55 percent) .

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On Saturday, G20 leaders gathered at Rome's Trevi Fountain to throw coins into the water in an attempt at good luck.  Throwing money away has been very popular with this crowd lately, even though Trudeau was apparently unable to join them.
On Saturday, G20 leaders gathered at Rome’s Trevi Fountain to throw coins into the water in an attempt at good luck. Throwing money away has been very popular with this crowd lately, even though Trudeau was apparently unable to join them. Photo by Andreas Solaro / AFP

SOLID TAKER

The Ontario government is three years into a project to forcibly densify areas around transit infrastructure, such as subway stations. In the midst of a Canadian housing crisis that is fundamentally driven by a shortage of supply, it is a small step toward getting more housing for cities in Ontario. But the National Post Adam Zivo highlighted some rather rude attempts by local governments – including the city of Toronto – to actively undermine provincial densification efforts and “protect wealthy homeowners at the expense of new buyers.”

With interest rates at 0.25 percent and inflation approaching five percent, saving money in Canada is now largely a fool’s errand. The act of keeping a dollar in the bank alone now means that it will lose at least four cents a year. As Russell Napier wrote for the Toronto Star, ” There is no greater enemy for a saver seeking to finance retirement than rising inflation . “The column even contained a picture of the libertarian hero Milton Friedman, who obviously does not usually get a huge amount of positive ink in the Toronto Star.

“I told you that uncontrolled public spending would devalue the currency.” Photo by AP Photo / Eddie Adams, File

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