Roundup: More reactions to the economic update

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Reactions to the Fall Economic Statement continue to roll in, so I figured I would highlight a couple of them. On the subject of housing, pretty much everyone is unhappy with what was on offer, in spite of the fact that the federal government didn’t have a lot of room to manoeuvre as they try to avoid juicing economic growth too much, which would put upward pressure on inflation (and the provinces are already doing just that).

To that effect, here’s a thread from Mike Moffatt on things the federal government could have done that won’t impact the inflation situation.

https://twitter.com/MikePMoffatt/status/1727301177833132254

Kevin Milligan delves into the debt and deficit figures in this thread, and provides a dose of perspective sauce for all of the hyperventilating that is coming from certain quarters and voices, particularly as debt servicing charges have risen. As well, I’m highlighting this one tweet about just how big the increase is in relative and historical terms, because again, perspective.

As well, Lindsay Tedds explains in this thread why she thinks the government’s plans to limit short-term rentals is going to be far easier said than actually done (and that they may not have thought it through).

https://twitter.com/LindsayTedds/status/1727491807834177690

Ukraine Dispatch:

The death toll from the Russian strike on the hospital in Selydove has risen to three. The Russians are reported to be sending fewer troops and less equipment to Avdiivka after failing to capture it in a major assault. President Volodymyr Zelenskyy warned of a “difficult defence” on the eastern front as the winter cold sets in. Ukraine’s coal industry has had to start hiring women and overturning policies that barred them from working underground because of the war.

https://twitter.com/ukraine_world/status/1727376980851486836

Good reads:

  • Justin Trudeau is hopeful that the proposed four-day ceasefire in Gaza will lay the groundwork to an eventual end to the fighting, and that all Canadians can get out.
  • It appears the explosion on the Rainbow Bridge in Niagara Falls was a reckless driving incident as the FBI concluded there was “no terrorism nexus” to it.
  • Bank of Canada governor Tiff Macklem says the fiscal guardrails in the economic statement are helpful, and that excess demand is now out of the economy.
  • Two more Canadian astronauts have been given mission assignments—one as back-up for the moon mission, the other for an International Space Station rotation.
  • Former RCMP intelligence official Cameron Ortis was found guilty on all six charges against him (because the jury didn’t believe his bullshit tale of foreign intelligence).
  • India has restored e-visa services to Canadians as the diplomatic tensions seem to be easing slightly.
  • There is a privilege fight happening in the Senate over threats and intimidation over the adjournment of debate on the farm carbon tax bill.
  • Conservative MPs keep bringing up “concerns” but won’t state a position on the bill to ban replacement workers.
  • PEI premier Dennis King is considering sponsoring the obituaries page in the regional newspaper to keep it from being paywalled.
  • Wab Kinew says that the previous government’s plan to build nine schools was not funded as they hoped for private partners.
  • Here is a look at how right-wing media in the US falsely covered the Rainbow Bridge explosion as a terror attack and whipped up the usual suspects.
  • Two former senior intelligence officials explain the Global Security Reporting Program (which debunks the notion that Michael Kovrig was some kind of spy).
  • Paul Wells details his getting the run-around by government comms staff about whether or not they’ve tasked a particular expert with our pandemic review.

Odds and ends:

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