Parsad Posted March 23 Posted March 23 We have a lot of Canadian members on here that wanted something a bit more concentrated on Canada. This thread is to discuss investing, economics, entrepreneurship, trade and finance in Canada...if you must discuss anything politically-related to Canada, please keep political issues focused on those items. Cheers!
Spooky Posted March 23 Posted March 23 (edited) reporting for duty. Are there any Canadian grown AI companies out there? Edited March 23 by Spooky
Parsad Posted March 23 Author Posted March 23 11 hours ago, KFRCanuk said: Winnipeg honey Dill sauce? Winnipeg Fatboy style burgers? What is Winnipeg honey Dill sauce...never heard of it? Cheers!
John Hjorth Posted March 23 Posted March 23 2 hours ago, Parsad said: What is Winnipeg honey Dill sauce...never heard of it? Cheers! - Luckily Early Pete is early, in stead of late [ ] : https://www.tiktok.com/@earlypete/video/7151367599694122246
Parsad Posted March 23 Author Posted March 23 1 minute ago, John Hjorth said: - Luckily Early Pete is early, in stead of late [ ] : https://www.tiktok.com/@earlypete/video/7151367599694122246 Thanks John! Never heard of it till now. Cheers!
John Hjorth Posted March 23 Posted March 23 2 minutes ago, Parsad said: Thanks John! Never heard of it till now. Cheers! Sanjeev [ @Parsad ], From the recipe, basically three components, I can actually imagine how it likely must taste, and I think it must taste great! I experiment from time to time with guacamole, olive oil, strong cheeses, sometime blue or green inside, and lots of garlic! Uhhmm! - The Lady of the House doesen't mind I stink a bit, as long as I'm washed LoLz!
bargainman Posted March 23 Posted March 23 16 hours ago, Parsad said: This thread is to discuss investing, economics, entrepreneurship, trade and finance in Canada...if you must discuss anything politically-related to Canada, please keep political issues focused on those items. Cheers! I see your caveat regarding politically related items. I'm posting a link to the original thread that led to this board (which was at least partially political, but also economic with potentially wide ranging consequences). Hopefully that's ok. I was hoping to get folks thoughts on Carney's 'performance', mostly economic, since his party made a massive turnaround due in no small part to the man below the border. That said I know that could veer politically, so Parsad, I'm sure you'll let us know if it's a bridge too far. Are things headed in a better direction?
Viking Posted March 23 Posted March 23 (edited) 50 minutes ago, bargainman said: I see your caveat regarding politically related items. I'm posting a link to the original thread that led to this board (which was at least partially political, but also economic with potentially wide ranging consequences). Hopefully that's ok. I was hoping to get folks thoughts on Carney's 'performance', mostly economic, since his party made a massive turnaround due in no small part to the man below the border. That said I know that could veer politically, so Parsad, I'm sure you'll let us know if it's a bridge too far. Are things headed in a better direction? I was a sceptic of Carney s at first. But the more I see the more I like. It looks to me like he is starting with getting Canada’s strategic positioning set: focus is on resources, selling to the world, being rational/pragmatic (a Canada first approach). His Davos speech summarized this nicely. Lately, we are seeing more tactical stuff (how he plans to make it happen). My guess is we will see more tactical stuff in the coming months. But it will take time - repositioning the Canadian economy is like moving a super tanker - it will take years. And the next couple of years could be pretty tough (we are just beginning to deal with our housing bubble). Canada lost its way for a decade. It went way left, got very ideological, destroyed the consensus that existed on important topics like immigration and completely blew out the deficit. And we had a housing bubble. Edited March 23 by Viking
SharperDingaan Posted March 23 Posted March 23 We are extremely fortunate to have a Carney ... very well versed politically (multiple central banker!), but not a career politician. Things are happening, but it takes a while to both turn things around and recompense/fairly treat many of the long standing grievances across the land. Recognise that there are actually FOUR founding nations in Canada (Inuit, First Nation, French, English), and goodwill opens a lot of possibilities. Then you need to execute on that goodwill .... BC's recent lack-of-a-treaty ruling included. Japan used to have MITI; it would seem that Canada is doing something similar, with Calgary's major projects office as one of the nodes. Not just the projects, but the new 'dollar-a-year' men to drive their financing, execution, and build out as well. Most would expect that the scale will require financing on par with Canada's War Bond campaigns through WWII, and we are already seeing signs of it. That proposed Defence, Security, and Resilience Bank didn't just suddenly ... 'appear' https://www.economicsonline.co.uk/factors-of-production/miti-and-the-economic-development-miracle-of-japan.html/ https://www.canada.ca/en/department-finance/news/2026/03/canada-hosts-partners-to-advance-establishment-of-the-defence-security-and-resilience-bank.html This isn't just a 'wealth transfer' it's a way more valuable 'execution transfer' as well. That fit, able, and open-minded young person looking for adventure ... hard pressed to find a better opportunity. But it would never have happened without Orange Boys threats. SD
Ulti Posted March 23 Posted March 23 2 hours ago, Viking said: s, selling to the world, being rational/pragmatic (a Canada first approach). His Davos speech summarize I’m curious how much pushback there is to providing the infrastructure necessary to export oil to the world…saw today an interview on BNNnBloomberg with an energy economic professor from British Columbia and he basically said the economic viability for pipelines/ new ones was poor due to less demand long term https://www.bnnbloomberg.ca/video/shows/trading-day/2026/03/23/the-economic-viability-of-canadas-pipeline/ He does feel that because of long term contracts… lng is much more viable
Viking Posted March 23 Posted March 23 (edited) 1 hour ago, Ulti said: I’m curious how much pushback there is to providing the infrastructure necessary to export oil to the world…saw today an interview on BNNnBloomberg with an energy economic professor from British Columbia and he basically said the economic viability for pipelines/ new ones was poor due to less demand long term https://www.bnnbloomberg.ca/video/shows/trading-day/2026/03/23/the-economic-viability-of-canadas-pipeline/ He does feel that because of long term contracts… lng is much more viable Energy policy in Canada has been taken over by far left environmental groups. It now permeates government (legislation) and academia (what is taught). The narrative is energy (oil/gas) is the devil. It has become a core ideological belief. No discussion. No debate. If you want to debate their policies you are branded a climate denier (it is a wickedly effective way to shut down debate). I have an enormous amount of respect for what the left/environmental groups have been able to pull off. It was decades in the works. They were smart and methodical. The good news is Carney appears to be embracing a return to a more rational/pragmatic approach on important issues (beggars can't be choosers?). Canada has big problems. It needs to re-invent its economy. It is an energy superpower. The war in Iran will likely provide the country with a wonderful opportunity. We will see if the politicians are up to the challenge (it will require Federal and Provincial cooperation). They are doing things today that would have been unthinkable 18 months ago. Let's hope it continues. Politicians are being given lots of good 'excuses' to pivot energy policy to expand oil/gas. The NDP government in BC is probably the biggest obstacle today (far left and highly ideological). But with Carney as Prime Minister, Eby (Premier of BC) is looking and sounding more and more like an idiot on most important issues (when Trudeau was around he looked and sounded normal because they were singing off the same crazy song sheet). I am more optimistic. But being governed by ideologues is nuts (it's like being governed by a theocracy). PS: When it comes to oil/gas, I should also point out Quebec. When it comes to oil/gas their sensitivities are very similar to countries in Western Europe (those that despise oil/gas). It really is remarkable, given their receive massive transfer payments from Canada (they are technically a 'have not' province - a large portion of which comes from Alberta via oil/gas). Hypocrisy at its finest. Edited March 23 by Viking
Viking Posted March 23 Posted March 23 (edited) 2 hours ago, SharperDingaan said: We are extremely fortunate to have a Carney ... very well versed politically (multiple central banker!), but not a career politician. Things are happening, but it takes a while to both turn things around and recompense/fairly treat many of the long standing grievances across the land. Recognise that there are actually FOUR founding nations in Canada (Inuit, First Nation, French, English), and goodwill opens a lot of possibilities. Then you need to execute on that goodwill .... BC's recent lack-of-a-treaty ruling included. Japan used to have MITI; it would seem that Canada is doing something similar, with Calgary's major projects office as one of the nodes. Not just the projects, but the new 'dollar-a-year' men to drive their financing, execution, and build out as well. Most would expect that the scale will require financing on par with Canada's War Bond campaigns through WWII, and we are already seeing signs of it. That proposed Defence, Security, and Resilience Bank didn't just suddenly ... 'appear' https://www.economicsonline.co.uk/factors-of-production/miti-and-the-economic-development-miracle-of-japan.html/ https://www.canada.ca/en/department-finance/news/2026/03/canada-hosts-partners-to-advance-establishment-of-the-defence-security-and-resilience-bank.html This isn't just a 'wealth transfer' it's a way more valuable 'execution transfer' as well. That fit, able, and open-minded young person looking for adventure ... hard pressed to find a better opportunity. But it would never have happened without Orange Boys threats. SD @SharperDingaan, great post. I agree, Carney appears to be the right man for the times. To your point, he is not a career politician - he appears to have a plan and he is working the plan - with some urgency. Trump has absolutely been the most important catalyst. The fact Trudeau was epically bad is also working in his favour - hard not to look good after that performance. Edited March 23 by Viking
Ulti Posted March 24 Posted March 24 40 minutes ago, Viking said: Energy policy in Canada has been taken over by far left environmental groups. It V…. I’ve got to admit I’m inquiring because of self interest… I’ve owned Suncor since May 2023 and it’s grown to about an 8% position… Elliot management and the CEO RK has been fantastic ( and so has the trans mountain pipeline). The worry here is BC and how effective they will be as a province in stopping other pipelines to be developed. … how powerful are the provinces in stopping federal action?….there is talk down here in the US of building out keystone ( I think that’s what it is called) … to bring more heavy oil down to the US; I don’t see that happening in the current environment. Thanks for any insight.
Viking Posted March 24 Posted March 24 1 hour ago, Ulti said: V…. I’ve got to admit I’m inquiring because of self interest… I’ve owned Suncor since May 2023 and it’s grown to about an 8% position… Elliot management and the CEO RK has been fantastic ( and so has the trans mountain pipeline). The worry here is BC and how effective they will be as a province in stopping other pipelines to be developed. … how powerful are the provinces in stopping federal action?….there is talk down here in the US of building out keystone ( I think that’s what it is called) … to bring more heavy oil down to the US; I don’t see that happening in the current environment. Thanks for any insight. @Ulti, nice to hear your investment has been doing well. The BC government fought the expansion of the Trans Mountain pipeline expansion tooth and nail when it happened. Fortunately they were unsuccessful and the expansion went ahead. My understanding is there is an opportunity to now significantly expand the throughput of Trans Mountain. The BC government is now throwing this option out as justification for why no new pipelines are needed. My understadning is the Federal government has the ability to ok a pipeline project if it is ‘national in scope,’ But I think Carney is on record as saying he will only do national projects with the support of stakeholders (like provinces). The key will likely be voters. If support for a new pipeline continues to grow then the BC government will likely pivot - that is what they have done repeatedly in the past. I haven’t watched this podcast… but you might find it helpful.
Parsad Posted March 24 Author Posted March 24 7 minutes ago, bargainman said: So what's everyone's take on the Canada Post situation? Are you referring to the huge losses running at Canada Post or something else? Cheers!
Gamecock-YT Posted March 24 Posted March 24 41 minutes ago, bargainman said: So what's everyone's take on the Canada Post situation? I hear Nathan MacKinnon is a big fan of them.
SharperDingaan Posted March 24 Posted March 24 (edited) 7 hours ago, Viking said: My understanding is the Federal government has the ability to ok a pipeline project if it is ‘national in scope,’ But I think Carney is on record as saying he will only do national projects with the support of stakeholders (like provinces). The key will likely be voters. If support for a new pipeline continues to grow then the BC government will likely pivot - that is what they have done repeatedly in the past. Existing pipelines run in corridors of 'negotiated' land; back in the day, the pipe was suspended on stilts that kept them above the ground (cheaper to build). The monster at that time was the Trans Mountain Pipeline from Alberta to BC tidewater, which is now roughly 75 years old, and due for replacement. The modern replacement would be a tear out and replacement at near 3x the size, that would also remove the environmental hazard of such old pipe. Relatively straight forward with today's tech, very difficult to environmentally oppose, but would be expensive and time consuming while temporarily not disrupting flow as the build goes ahead (similar to reworking a major train station while hourly trains keep running). It will happen, but the limitation is primary the labour to build, and expanded tanker traffic at tidewater. The major eastern opportunity is above ground replacement of the Sarnia pipe that supplies Ontario's refineries. Straight forward build, tied up in Michigan opposition and US politics, but the build could be completed within one presidential cycle. Keystone expansion (southbound pipe) is similarly hamstrung as Venezuelan production; the previous build had to be removed and written off because the US changed its mind. A new build would be contingent on the US reimbursing the write-off, and that reimbursement paying for the build. Longer term, the big opportunity is greenfield state of the art new rail, electric, and pipe through to the port of Churchill (Manitoba), supported with state-of-the-art ice-breakers. Primarily engineering, marine, and manufacturing/construction challenges for Canada's youth that opens up the north; nukes at Churchill potentially also supplying electricity to the eastern north coast and Greenland. All of this requiring enormous vision/borrowing, both internally and externally, to bring it forward. Opportunity of a lifetime for the homegrown with deep expertise/experience in major project execution, and the young 'best of best' ..... hence the dollar-a-year men/women. The tell your future grand kids that you helped build this stuff. Yet 18 months ago, this was utterly unimaginable; we've come quite a ways since Orange Boy showed up SD Edited March 24 by SharperDingaan
Ulti Posted March 24 Posted March 24 7 hours ago, Viking said: ahead. My understanding is there is an opportunity to now significantly expand the throughpu Thanks V …lucky …the plan is to add some lubricant to increase capacity by another 90000 barrels in 2027…. About a 10% increase in capacity…. More pumping stations later on… https://www.cbc.ca/news/canada/calgary/bakx-tmx-oil-alberta-bc-cer-9.7074250 everything I’m reading is that the Canadian economy is contracting and revenue is needed?… I like Carney… much better than who he replaced….hopefully he can push thru infrastructure projects asap( 2030ish)
bargainman Posted March 24 Posted March 24 9 hours ago, Parsad said: Are you referring to the huge losses running at Canada Post or something else? Cheers! Yes, in combination with the seemingly recurring strike action that makes people less likely to rely on Canada post, making the losses worse and accelerating insolvency.
Parsad Posted March 24 Author Posted March 24 38 minutes ago, bargainman said: Yes, in combination with the seemingly recurring strike action that makes people less likely to rely on Canada post, making the losses worse and accelerating insolvency. Yeah, it's no different than what is happening with the US Postal Service or UK Postal Service...etc. Letter demand has essentially vanished over the last 20 years...they are now really delivering packages which subsidize letter mail. But you have union jobs with union benefits who make cost reduction difficult. They are throwing around some ideas, but the unions are fighting it. For example...3 day a week letter mail delivery only. Why every day when most people don't get anything? Adding other services like some government services that would normally be at other departments. Possibly privatizing part or all of Canada Post. Presently, it's a huge money-losing, pseudo-government entity, that keeps eating losses as its business dies a slow painful death over time. They really need to do something! Cheers!
bargainman Posted March 24 Posted March 24 3 hours ago, Parsad said: Yeah, it's no different than what is happening with the US Postal Service or UK Postal Service...etc. Letter demand has essentially vanished over the last 20 years...they are now really delivering packages which subsidize letter mail. But you have union jobs with union benefits who make cost reduction difficult. They are throwing around some ideas, but the unions are fighting it. For example...3 day a week letter mail delivery only. Why every day when most people don't get anything? Adding other services like some government services that would normally be at other departments. Possibly privatizing part or all of Canada Post. Presently, it's a huge money-losing, pseudo-government entity, that keeps eating losses as its business dies a slow painful death over time. They really need to do something! Cheers! I don't know how many of you watch this guy but I've found he does good short segments that present a fairly good overview of topics. Here's the one on Canada Post Losing 4 billion? Also apparently USPS workers can't strike so at least folks still get service. Canada post lost at least 2 high value packages from me, one from a strike, the other from strike overhang/low confidence. I'm not sure how much management messed up, but workers seem totally unrealistic on what's possible given the revenue streams.
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