Day eight of the campaign, and in spite of there being policy announcement, it was another fairly low-key day, or maybe it just felt like that without the usual wall-to-wall coverage. Mark Carney continued to hold private events in his riding, and took to media questions. There was no announcement of where Carney will be today.
Pierre Poilievre was in the GTA, and announced a plan to waive capital gains taxes if they are re-invested in Canadian companies. If this sounds familiar, it was because the Conservatives floated this in 2006, only to abandon it because it was impractical. Poilievre insists that this could be “economic rocket fuel,” but there is no lack of irony with the fact that it comes with an absolute mountain of red tape in the form of compliance paperwork. Poilievre heads to Fredericton, New Brunswick, later today.
At a campaign event in North York, Ont., Pierre Poilievre says he will implement a ‘Canada First Reinvestment Tax Cut’ if the Conservatives win the election. “No capital gains when you reinvest the money here in Canada,” he pledges. #cdnpoli #elxn2025 pic.twitter.com/2jTcIRP4TK
— CPAC (@CPAC_TV) March 30, 2025
There's merit to this idea on a limited basis, but an implementation nightmare to do broadly. The Tories ran on this 20 years ago and Flaherty had to scrap the idea as it was infeasible. Not sure why things would be different now. https://t.co/O2qjjUvzUG
— Dr. Mike P. Moffatt
(@MikePMoffatt) March 30, 2025
But if you do it broadly you're going to see things like corporations selling off who knows what and buying up pre-existing single family homes or something else that will cause the general public to lose their minds.
— Dr. Mike P. Moffatt
(@MikePMoffatt) March 30, 2025
Pierre Poilievre’s proposed capital gains deferral would supercharge housing unaffordability
It incentivizes boomers & corporations to double down on investment properties, locking young Canadians out of homeownership
Here’s why it’s a disaster for housing:
https://t.co/9xH14GAdTh
— John Pasalis (@JohnPasalis) March 30, 2025
Jagmeet Singh was in Port Moody, BC, and promised to have CMHC offer low-cost loans to first-time home buyers, yet another demand-side solution to a supply-side problem. Singh is campaigning in Victoria today, before heading to Edmonton.
“If we can give loans to large, wealthy developers to buy buildings, to buy homes, why can’t we give everyday families a break?” asks NDP Leader Jagmeet Singh as he outlines a plan to offer Canadians low-interest, public-backed loans to buy their first home.#cdnpoli #elxn2025 pic.twitter.com/x32DWTpk7F
— CPAC (@CPAC_TV) March 30, 2025
Meanwhile, the Paul Chiang controversy continues to simmer as the Liberals refuse to turf him, in spite of the fact that there can be no justification for the kind of behaviour he exhibited in instructing people to turn over his would-be Conservative rival to Chinese authorities for a bounty. (That would-be rival is now the Conservative candidate in nearby Don Valley North). That Chiang himself has not resigned is as much of a problem. The cut-off for nominations has not been reached yet, and they could still find a replacement in time (though not much time) rather than continue to let this complete lapse in political judgment continue to haunt them throughout the campaign. Carney is not Teflon, and the Liberals shouldn’t treat him as such.
It is *insane* to me that anyone thinks Chiang can remain as a candidate.
If he cared about the party, as opposed to his own desire to be elected, he would step aside.
That alone ought to give Carney pause about the motivations of Chiang should he actually win the seat.
— Alheli Picazo (@a_picazo) March 30, 2025
In light of certain parties’ promises and behaviours: https://t.co/36ROm66ZAp
— Dale Smith (@journo_dale) March 31, 2025
Ukraine Dispatch
Russian drones attacked Kharkiv for a second night in a row, injuring two and damaging a kindergarten and private houses.
Yesterday’s Russian strike on Kharkiv sadly took the lives of two people. My condolences to their families and loved ones. Around 30 people were wounded—all have received the necessary medical assistance. I thank our rescuers and medics who work every day for our people.
Over… pic.twitter.com/qexcBzIN6v
— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) March 30, 2025
Doctors resume operating on patients at military hospital hit by Russian strike.
"Operations have resumed in the operating rooms, which were damaged by the blast wave. The hospital cannot stop providing assistance…for even a minute."https://t.co/7l53iw6LA2
— The Kyiv Independent (@KyivIndependent) March 31, 2025