Tag Archives: Bank of Canada

Roundup: Contradictions and poor intelligence practices

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There has been a number of competing threads in the ongoing Emergencies Act public inquiry, and a lot of police testimony that is contradictory, and contradicting their own documentary evidence. For example, one senior Ottawa police officer is claiming that they had the tow trucks all lined up and ready to go without the invocation of the Act—erm, except the documents don’t show that at all, and that they needed the Act to secure those services. There has also been a lot of alarming signs about the quality of police intelligence about the make-up of the occupation (which many leaders subsequently ignored anyway). The OPP did see an increasing risk of violence the longer it dragged on, particularly by those in the occupation who felt they were “at war” with the federal government, along with growing anti-police sentiment (presumably because police weren’t doing their bidding to arrest members of the government). The Commission has agreed to hear CSIS’ evidence behind closed doors.

Here’s former CSIS analyst Jessica Davis on the quality of that intelligence, and yikes:

Ukraine Dispatch, Day 245:

Both Russian and NATO forces carried out annual nuclear exercises, while Russia carries on its false narrative that Ukrainians plan to detonate a “dirty bomb” on their own soil in order to blame Russia—information operations entirely. While this was happening, Russian forces targeted 40 towns in Ukraine, killing at least two more people.

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Roundup: A hospitalized interpreter should be a wake-up call, but probably won’t be

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The inevitable has happened, and a parliamentary interpreter collapsed during a Senate committee meeting after an acoustic shock and was sent to hospital as a result, when the committee chair decided to go ahead with a meeting despite the fact that two witnesses appearing by video did not have appropriate headsets. And to add to matters, this interpreter was a freelancer and not in the union, so they won’t be getting sick pay for this injury either, given that they were filling in for the full-time, unionised interpreters who are on leave for the injuries they are all facing because of hybrid sessions and meetings, and the fact that the vast majority of MPs and senators simply do not care about their well-being, or the fact that these kinds of acoustic injuries can lead to permanent hearing loss. They don’t care because it would mean giving up the luxury of staying in their ridings rather than coming to Ottawa when they don’t want to, even if it means treating the interpretation staff like furniture. (And as we’ve established, they cannot simply hire more interpreters because there aren’t any more to hire—they’re not even graduating enough to meet the level of attrition from retirements and those quitting from injuries).

To add to this was Government House Leader Mark Holland appearing at the Procedure and House Affairs Committee, where they are debating extending hybrid sittings, possibly permanently, and he spoke about his suicide attempt after his 2011 election loss and used that tale as justification for extending hybrid. And as brave as Holland is to share that story, I find myself deeply disturbed by the fact that he is using it to push for a morally bankrupt proposition around making hybrid sittings permanent when he knows the human cost to them. I am also appalled that the lesson is trying to be “when an MP is struggling, let them work from home” rather than “when an MP is struggling, let them take the time they need to get better and not create an unrealistic and dangerous expectation of presenteeism.” MPs are allowed sick days and leaves of absence. They do not need to be on call 24/7, or to vote on every single issue. There were rules about pairing for absences for decades, and they worked just fine. It’s the same with the groups who keep appearing at PROC, such as Equal Voice, who insist that we need to make hybrid permanent to let more women with children participate in Parliament—it ignores the human toll on the interpreters (and when you raise it, they simply handwave it away with the magic words “we need to find a solution”), and frankly these MPs have the luxury of options when it comes to arrangements they can make. Hybrid or virtual sittings injures interpreters. If there is a technological solution, Parliament has been ignoring it. It is frankly morally reprehensible that they continue to have this debate at the expense of the health of these interpreters. It would be great if this publicised injury and hospitalisation were a wake-up call, but I am frankly too cynical at this point to believe that is going to happen.

Ukraine Dispatch, Day 244:

Russia continues to claim that Ukraine is planning to use a “dirty bomb,” which sounds increasingly like pretext for Russia to detonate one, and that they have been using their occupation of the Zaphorizhzhia nuclear plant to build it.

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Roundup: Singh wants to interfere

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Because things feel the need to keep getting dumber, it appears that Jagmeet Singh wrote a letter to Justin Trudeau to try to get him to interfere with the Bank of Canada’s planned rate hike. This is both dumb and dangerous because you do not interfere with the central bank! We had a political crisis about the independence of the central bank in 1961, and in the end, the Bank’s independence was strengthened because it’s important for a central bank’s credibility that their policy statements can be believed by the markets. If the government of the day undermines their credibility, then they are useless in sending signals, and right now, the signal is that they are going to get inflation under control, come hell or high water, because they don’t want it to get entrenched, and letting a wage spiral happen will help to make it entrenched. Yes, many of the drivers are outside of the Bank’s control, such as food price inflation, but it’s trying to keep those expectations from spreading further into the market, and they can do that, so long as governments don’t undermine them, and don’t come up with monetary policy ideas that fuel inflation so that the Bank needs to rates even higher.

Ukraine Dispatch, Day 242:

The Russian-installed authorities of occupied Kherson are advising residents to leave in advance of an expected Ukrainian advance. Meanwhile, Russia is intensifying its attacks on power stations and other critical civilian infrastructure as a means of demoralising the Ukrainians, but that doesn’t seem to be working as planned. Elsewhere, NATO surveillance craft are flying just outside of Ukrainian airspace, and providing a look at Russian movements in the region.

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QP: Politicising a tragedy because of course he did

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For Wednesday, proto-PMQ day, the prime minister was indeed present, and had a binder full of prepared responses, not that he was going to need most of it given how utterly repetitive QP has become in the past number of weeks. Pierre Poilievre led off, and started with condolence for the murder of a police officer in Burnaby, BC, and wanted action on the “crime wave” gripping the country. Justin Trudeau agreed that they need to do more, and spoke about their plans to increase funding for mental health supports. Poilievre then moved to the inflation numbers, and food inflation in particular, accusing the government of raising taxes on food, which of course is not true, and the biggest driver of food price inflation is climate change. Trudeau disputed the characterisation, and raised their GST credit, and wanted support for their other measures. Poilievre cited the figure that average families will pay $3000 more in inflation and interest, and blamed inflation on deficits, which is not the driver. Trudeau repeated that the Conservatives are not supporting measures that will help the households that need it most. Poilievre repeated his questions in French, and Trudeau poked holes in Poilievre’s assertion that inflation is so high that they shouldn’t do anything to help people. Poilievre spouted a bunch of nonsense about food price inflation on things gown in Canada, ignoring that drought wiped out 40 percent of crops last year, and blamed the costs on carbon prices. Trudeau raised the climate rebates that people got on Friday, and that they need to take action on climate change.

Yves-François Blanchet led for the Bloc, and raised both the contracts for a lease near Roxham Road and wanted a better way to accept asylum seekers. Trudeau recited that there is no magic solution and that we need to work with the Americans to find a sustainable solution. Blanchet claimed that the government wanted to use Roxham Road to get cheap labour, and wanted African francophone students instead who are being discriminated against with their visas. Trudeau read a script about having no tolerance for racism and that the minister was looking into the issue.

Jagmeet Singh rose for the NDP, and first gave condolences for the slain officer, then switched to French to accuse the government of doing nothing about inflation. Trudeau listed their actions and the plans still waiting passage. Singh switched to English, and blamed food price inflation on “greed-flation” (which is not a thing), and took credit for “forcing” the government to study the issue. Trudeau repeated his response about the GST credit and demanding support for dental care and rental supports.

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QP: Triple, triple, triple the bluster and the bromides

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The prime minister was present for the first time in a week, and it was nearly a full Chamber for a change. Pierre Poilievre led off in French, and he worried about stories of students accessing food banks, and blamed food price inflation on carbon prices, which is largely false, and demanded the “triple, triple, triple” carbon price be cancelled. Justin Trudeau responded with a warning about how serious climate change is, as we have seen up close. Poilievre switched to English to cite a farm family who was allegedly being crushed by carbon prices, and recited his “triple, triple, triple” line. Trudeau stated that clever slogans won’t help people, but his government had a plan to, and demanded support for the rental and dental supports. Poilievre reiterated his question, and Trudeau reminded him that he just returned from Atlantic Canada, and that these kinds of storms are going to become more frequent, before reciting the lines about not being free to pollute, and that most families get more back in rebates than they spend. Poilievre tried to turn this onto the prime minister using his “private jet” (it’s not a private jet) and that he was a “high-carbon hypocrite,” to which Trudeau lambasted Poilievre’s lack of a climate plan. Poilievre spun a ridiculous tale about the government driving food production out of the country, and Trudeau hit back that if Poilievre put as much energy into flighting climate change as he did spinning conspiracy theories, we would all be better off.

Yves-François Blanchet led for the Bloc, and he demanded that all immigration powers be turned over to Quebec because French is under threat. Trudeau reminded him that Quebec has all the immigration tools they need, and if they want to increase Francophone immigration, they were welcome to. Blanchet repeated his demand, reminding Trudeau of the size of François Legault’s majority, and Trudeau repeated his answer.

Jagmeet Singh rose for the NDP, and in French, he accused the government of protecting oil and gas profits, and Trudeau recited some pabulum about asking the rich to pay more to reduce taxes for the Middle Class™, which is why it was the very first thing they did. Singh repeated the question in English, and Trudeau stated that oil companies have been warned that they need to start paying for the green transition.

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Roundup: Stop saying “woke”

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The first Monday after the Conservative leadership contest, and already shots are being fired between Poilievre and Trudeau. Poilievre kicked off the day, first by meeting with his Quebec caucus alone to reassure them and ask them to rally around him in unity, and then addressed the caucus at large with a public speech in which he decried Trudeau’s “radical woke coalition,” and then spouted a bunch of nonsense about inflation.

From his caucus retreat, Trudeau responded with a quick congratulation to Poilievre for his victory, before calling out his reliance on “buzzwords, dog whistles and careless attacks,” as well as his “highly questionable, reckless economic ideas.” While this is happening, it sounds like a few Quebec MPs told Radio-Canada that they want the party to move more toward the “Centre” (which is odd, because they never really left it, and no, they have not actually taken a sharp leftward turn), and wants them to be “less woke,” which again, is a strange turn of phrase because I’m not sure what it’s supposed to mean. Should they be openly racists or homophobic? Is that what they think will win them votes? Is attempting to be inclusive so terrible? Really?

Ukraine Dispatch, Day 201:

The Ukrainian counter-offensive carried on in the country’s northeast, clearing out much of the Russian occupiers that have been in place since February, and it was done with such speed in part because Russians were simply surrendering in large numbers. Many of these prisoners are intended to be swapped with Russia for captured Ukrainian troops, so we’ll see how that progresses in the near term.

https://twitter.com/TheStudyofWar/status/1569393669484036096

https://twitter.com/cmhwee/status/1569324523891363840

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Roundup: Beating the GDP expectations

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The Bank of Canada increased the overnight rate another 75 basis points, to 3.25 percent, which is now about the neutral range and into territory where it is meant to dampen growth—and they say it will likely continue to go up in future decisions. This being said, we should also recognise how strong the Canadian economy is running right now, which is having an effect on things like deficit and debt, which conversely makes the Conservatives’ insistence that government spending is driving this inflation (it’s not), and what they think austerity would accomplish here (nothing good). Anyway, here’s economist Kevin Milligan to break it down:

https://twitter.com/kevinmilligan/status/1567532339496108034

https://twitter.com/kevinmilligan/status/1567536188680187908

https://twitter.com/kevinmilligan/status/1567538208971583489

Ukraine Dispatch, Day 197:

Shelling near the Zaporizhzhia nuclear power plant has damaged the last remaining backup power line to the plant, which means that the coolant systems are now fully on back-up generators, and the ongoing shelling makes doing repairs an unlikely possibility. Elsewhere, heavy fighting has been reported in the north near Kharkiv; in the east, in the Donbas region; and in the south, near Kherson, where Ukrainian soldiers are pushing Russian forces in their counter-offensive.

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Roundup: Inviting the politician’s syllogism

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As the questions about what to do around the accosting of Chrystia Freeland continued yesterday, several reporters started asking about why the government hasn’t moved ahead with their promised online harms legislation, which is kind of funny because most of these very same reporters know exactly what happened to it—the draft legislation introduced before the election was so roundly criticised from all sides that the government decided to take a more serious effort at consultation and drafting a bill that won’t be deemed too censorious, and it’s a tough task because it’s a very tiny needle to thread. Exceedingly tiny. And these same journalists know this because they’ve either covered the story, or followed the coverage. I’m not even sure if online harms would be applicable in this particular situation because it wasn’t online, and when it comes to criminal threats being directed at journalists and politicians, again, most of that is already criminal and it simply requires police to do their jobs, which Parliament can’t exactly legislate them to do beyond the Criminal Code provisions that are already in statute. Either way, this whole line of questioning is suspect, and I’m not sure why they’re going down this road other than the politician’s syllogism, which is poor form for media in general, but in this case most especially.

Ukraine Dispatch, Day 187:

The Ukrainian counter-attack around the strategic city of Kherson has begun, and claim to have broken through the Russian defences in several areas of the front-line around the city. Russians, meanwhile, have been shelling the southern city of Mykolaiv, as well as military and civilian infrastructure near the towns of Bakhmut, Shumy, Yakovlivka, Zaytsevo, and Kodema in the Donetsk region. Meanwhile, inspectors from the International Atomic Energy Agency are now on their way to the Zaporizhizhia nuclear plant, which Ukrainians say the Russians have been using as a military base.

https://twitter.com/KyivPost/status/1564190989966778368

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Roundup: Getting better at plain-language explainers

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Because this is the age of disinformation, it’s good when institutions start recognising that and offering plain-language explainers to help dispel the falsehoods that are swirling—especially when those falsehoods are being spread by sitting MPs and leadership candidates for political parties. In this case, it’s the Bank of Canada, and the notion of whether they printed money during the pandemic. They didn’t, and they had explainers on their site before, but this is much more accessible, which is really necessary right now—particularly given that the government can’t communicate their way out of a wet paper bag, which makes the job of defending institutions even harder (especially as the media is pretty much useless in this endeavour as well, too content to simply both-sides everything).

Of course, the replies to this thread are an absolute tire fire, so we’re nowhere near out of the woods yet, but it’s a good first step that needs to happen. (And listen to Captain Pike when you get tempted to read the comments).

Ukraine Dispatch, Day 183:

The Zaporizhzhia nuclear plant was knocked off of the Ukrainian power grid after a fire damaged a transmission line, raising fears that we could be headed toward another Chernobyl-like disaster. (Incoming power is needed for the reactors’ cooling systems, but there are some back-up power supplies). It was later re-connected, but this remains a problem, and radiation from such a meltdown could spread across Europe under the right conditions. Meanwhile, Putin is ordering a major troop replenishment after suffering heavy losses in the fighting in Ukraine.

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Roundup: Jockeying for first-place ballot support

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We’re in day one-hundred-and-forty-eight of Russia’s invasion of Ukraine, and Ukrainian forces damaged a bridge that is critical to supplying Russian troops in southern Ukraine, where Russia is trying to consolidates its territorial gains, making it clear that their supposed aim of “liberating” the predominantly-speaking Donbas region was always a lie. Russians, meanwhile, bombarded the north-eastern city of Kharkiv, and killed more civilians there. On that note, here is a look at Ukrainian refugees being forcibly relocated into Russia.

Meanwhile, Russia has started up a sham tribunal to document “war crimes” from Ukrainians to justify the invasion, and they are using Westerners living in Russia, who are often promoters of conspiracy theories or who are known for being purveyors of disinformation, as their star witnesses. The whole thing is a thinly-veiled propaganda exercise to bolster support for the invasion in Russia, and to provide a counter narrative to the International Criminal Court proceedings against Russians who are involved in actual war crimes in Ukraine, but

Closer to home, the Conservative leadership race is reaching a critical juncture as ballots are being mailed out and candidates are asking for top billing on their ranked ballot. Jean Charest wants another debate, particularly now that Patrick Brown is out of the race, while Roman Baber is trying to make a plea for people to give him a second look and not simply rank him further down-ballot (though the policies he outlined simply remind everyone that yes, this guy is a moron). Speaking of, the National Post has compiled the various policy positions of the leaders, at which point I am force do once again remind everyone that this remains an abomination in our system—leaders are not supposed to be deciding policy and putting it forward in a leadership contest. That is supposed to be the job of the grassroots membership, who have biennial conventions to do just that, but we have so bastardised our system in order to create a faux-presidential primary that we’ve reached this debased state.

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