Roundup: The magical money tree of tax shelters

Day seventeen, and while the western leg of the tours rolled along, the announcements were decidedly more tepid after Monday’s double-headers. Mark Carney was in Delta, BC, and announced that his housing plan would favour more homes built with Canadian lumber, hence trying to offset some of the issue with higher American tariffs on softwood. Carney starts the day in Calgary, before heading to Saskatoon.

Pierre Poilievre was in Edmonton, and promised to crack down on tax havens and book $1 billion to the treasury for it—a wildly optimistic number considering that you usually need to spend a fair amount to recover that much because doing the work of cracking down takes a lot of resources. And along the way, he essentially said he’d open the door to small businesses to evade taxes because resources would be directed away from them. This was really just an attempt to take a shot at Carney because Brookfield used Bermuda as a tax haven for certain investments, which Carney could not sufficiently and explicitly denounce when asked about it, for which the Conservatives and NDP pounced. The other notable part of the day for the Conservatives was Poilievre badgering and hectoring reporters to lavish praise on the size of his Edmonton rally, which sounds awfully similar to another guy obsessed with the size of his…crowds. Poilievre starts his day in Sault Ste. Marie, and then heads to Brampton.

Jagmeet Singh was in Vancouver and his home riding in Burnaby, and didn’t make any actual announcements—he just sent out a series of press releases sniping at Liberal candidates who were in the real estate business in the area and Carney himself, for what it’s worth. Singh remains in Vancouver, and heads to Saskatoon later in the day.

In other campaign news, Poilievre’s tone toward Carney is getting a harder edge as he insists that Carney was not a businessman but a “political grifter,” (never mind that Poilievre has also never  been a businessman), and we’re into trading jabs about haircuts and resumes.

Ukraine Dispatch

Russian drones attacked Dnipro and Kharkiv overnight, injuring at least 17 people. Russians also claim to have driven Ukrainian soldiers out of the Kursk region. President Zelenskyy says that two Chinese nationals have been captured fighting alongside Russians in the eastern Donetsk region, and that they have information that there are more.

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Roundup: Double the campaign announcements

Day sixteen, and suddenly each of the parties was doubling up on their news releases today, each announcing not one but two different policy planks, because apparently, we were a little too comfortable already.

Mark Carney was in Victoria, where the first announcement was about protecting retirement savings through reducing the minimum amounts that need to be withdrawn from an RRIF for a year, as well as a temporary increase of the GIS. Later, but still in Victoria, Carney spoke about conservation efforts by pledging new national parks and marine protected environments, bolstered Indigenous stewardship, and nature-based climate solutions. Carney also insisted that he’s prepared and has a plan to deal with the market chaos that Trump has unleashed. Carney also met with BC premier David Eby to talk about the softwood tariffs that Trump plans on increasing. Carney will start the day in Delta, BC, and head to Calgary later in the day.

Pierre Poilievre was in Terrace, BC, and declared that he will create a single office for resource projects, with one application, and a maximum one-year timeframe for approvals (which raises all kinds of question about provincial jurisdiction, and the complexity of projects). He even listed projects as examples that…already have their approvals but the market hasn’t bought into the projects, which should raise even more questions about whether he has a clue about what he’s talking about, other than “oil project good.” Poilievre later said he would delay the age by which seniors need to withdraw their savings from their RRSPs. Poilievre will start the day in Edmonton, and then head for Sault Ste. Marie later today.

Jagmeet Singh was in Toronto, and used the demise of Hudson’s Bay Company to tout more protections for workers during bankruptcies, and to keep “predatory” foreign private equity funds at bay. Later in the day, he promised that he could build three million homes by 2030, and good luck with that given just how few details their plan contains for such a complex, multi-jurisdictional problem. Singh will be in Vancouver this morning, followed by his home riding in Burnaby (where apparently his seat is under threat, if polls are to be believed).

In other campaign news, the Longest Ballot jackasses have targeted Poilievre’s riding, making his Liberal rival’s job all that much harder. And nominations are now closed, so here is a look at some of the familiar names that will be on ballots.

Ukraine Dispatch

Russia continues to claim that Ukraine is targeting its power stations in spite of the “energy ceasefire.” Funerals were held in Kryvyi Rih for those killed in Friday night’s attack. President Zelenskyy confirmed that there are Ukrainian troops in Russia’s Belgorod region.

 

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Roundup: Recovery and rent control

Day fifteen, and not every campaign was busy today. Mark Carney was quiet in the early part of the day, where he had a call with UK prime minister Keir Starmer, but was in Victoria in the evening, where he started the western leg of his tour by holding a rally. Carney will remain in Victoria in the morning, and head to Richmond, BC, later in the day.

Pierre Poilievre was in New Westminster, BC, and he promised funding for 50,000 more addiction recoveries (so I’m not sure how that translates to spaces), and said that “drug dens” (aka safe consumption sites) be forbidden from within metres of a laundry list of places, as though the people consuming on the streets care about that prohibition. Poilievre will start the day in Terrace, BC, and end the day with a rally in Edmonton.

Jagmeet Singh was in Halifax, and promised to use federal spending powers to bring in national rent control, which is 100 percent provincial jurisdiction, which they want to get around by essentially saying he would withhold federal housing money unless they brought it in (and it’s all about “corporate landlords,” but never about private ones being a problem, which many of them are). They also once again tried to trot out Ruth-Ellen Brosseau as a “star” candidate, never mind that it didn’t work the last time, and is unlikely to again this time. Singh plans to be in Toronto today.

In other campaign news, it’s the cut-off day for nominations today, and some parties are scrambling to get names on ballots. Here’s a look at how Singh has abandoned the message about becoming prime minister in favour of just trying to elect as many NDP MPs as possible, and another look at how much the campaign has been struggling since the beginning.

Ukraine Dispatch

Russian troops are pushing into Ukraine’s Sumy region in the northeast.

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Roundup: Trades and red tape

Day fourteen, and the leaders continued to fan out across the country to sell their messages in the shadow of the Americans facing an economic collapse thanks to their tariffs. Mark Carney was in Oakville, talking about skilled trades—providing training grants of up to $8000 for skilled trades, plus working with provinces to establish more spaces in trades colleges, and expanding labour mobility tax deductions. Carney also talked about the tough days we are facing ahead, thanks to Trump, and notes that he has been there before with post-Brexit Britain.

Pierre Poilievre was in Oosyoos, BC, to promise a reduction of “25 percent of red tape” within two years, which is a weirdly specific number, that doesn’t say much about what kind of regulatory burden is being lifted (but it certainly doesn’t look like it’s going to be cleaning up the tax code, which is one of the biggest drags on business). Poilievre will be in New Westminster, BC, today.

Jagmeet Singh was in St. John’s, Newfoundland and Labrador, and promised that everyone would have a family doctor by 2030, which is a) a provincial responsibility, and b) promising provinces a 1 percent top-up on transfer payments to make it happen is incredibly naïve. Today, Singh will be in Halifax and Dartmouth, Nova Scotia, and end the day in Montreal to appear on Tout le monde en parle.

In other campaign news, here’s a look at how the Conservatives are giving Poilievre’s wife a prominent role in order to try and get him to appeal to more women voters. Here is a contrast of how the Liberals and Conservatives are handling the media on their campaigns.

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Ukraine Dispatch

At least three people were injured in an overnight missile attack on Kyiv. As well, three others were injured in an attack on Mykolaiv. President Zelenskyy met with British and French military leaders to talk about a potential multinational peacekeeping force deployed to Ukraine if a ceasefire happens.

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Roundup: Another plan to save the CBC

Day thirteen, and the campaigns were trying to get back to a message that wasn’t trade war-related, for what that’s worth in the current moment we’re in. Mark Carney was in Montreal, where he promised to protect CBC/Radio-Canada though a more accountable governance structure and more funding directed to local coverage, and to protect it by enshrining its funding in legislation…except that you can’t bind future governments by statute, and yes, the Supreme Court of Canada has said so. He also downplayed Preston Manning’s crybaby separatism comments, and reminded reporters of his western credentials. Carney will be in Oakville and Toronto today.

Pierre Poilievre was in Trois-Rivières, Quebec, to propose tougher bail conditions and sentencing for intimate partner violence (which is something to tackle! But sentencing is not the only solution). The Conservatives didn’t send out a notice as to where Poilievre would be today.

Jagmeet Singh was in Montreal to pronounce that they would crack down harder on offshore tax evasion, with some digs about Brookfield as though Carney was making all of its decisions (because apparently the NDP need to learn how corporate boards operate). They also promised they would tear up tax treaties with havens like Bermuda…except those treaties are vital for information sharing used to combat tax evasion. Because apparently the NDP really thought through that policy. Singh will be in St. John’s, Newfoundland and Labrador this morning, and then off to Halifax for the evening.

In other campaign news, here is what we heard from the Radio-Canada “Five leaders” interviews, and how Poilievre is starting to moderate a few of his positions including on things like the digital services tax.

Ukraine Dispatch

A Russian attack on a residential area of Kryvyi Rih killed nineteen people including nine children, and yet they claimed they were targeting “gathering military,” which is obvious disinformation. Germany is funding Eutelsat to provide Ukraine an alternative to Starlink, with the hopes of sending between 5,000 and 10,000 terminals within weeks.

https://twitter.com/ZelenskyyUa/status/1908205945790107887

https://twitter.com/ukraine_world/status/1908247091601711399

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Roundup: Retaliatory tariffs on American non-compliant cars

Day twelve, meaning we’re about a third of the way through, and so much of the day was all about the fallout of Wednesday’s tariff announcement. Mark Carney was in Ottawa where he had yet another virtual meeting with the premiers before meeting with the media. There, he said that the era of trade where America leads is over is over, that Trump’s actions will rupture the global economy as it has been since the end of World War II, and that while this is a tragedy, it’s the new reality. Canada’s response is a matching 25 percent tariff on vehicles from non-CUSMA-compliant vehicles coming from the United States, but not on auto parts, where the proceeds would go back to the auto workers. Carney will start the day in Montreal, before heading to Woodbridge, Ontario, and then Scarborough.

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Pierre Poilievre was in Kingston, where he promised to remove the GST on Canadian-made vehicles (which the NDP initially proposed), and a fund to help keep workers stay on the job in affected industries. It is also noteworthy that Poilievre distanced himself from Danielle Smith and Preston Manning’s crybaby separatism comments, saying that they need to unite the country. Poilievre will be Trois-Rivières, Quebec, today.

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Jagmeet Singh was in Ottawa to propose the creation of Victory Bonds to fund public infrastructure, in addition to reannouncing his previous protectionist plans. Singh will be in Montreal again today.

In other campaign news, Carney said that legislation to protect Supply Management was unnecessary (which is true, but also because you can’t bind a future government so you’re just wasting everyone’s time). Poilievre insisted that their willingness to dump candidates (so far) shows that they’re different from the Liberals (which is a specious argument before the cut-off date).

Ukraine Dispatch

Hundreds of Ukrainian troops are allegedly holed up in a monastery as Russian troops try to drive them from Kursk region. President Zelenskyy visited the neighbouring Sumy region yesterday. Ukraine appears to have resolved some of its manpower challenges.

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Roundup: A faux keynote to sanewash Trump

Day eleven, and the countdown was on for the major tariff announcement from Trump, which he dubbed “Liberation Day” in the most Orwellian sense. Mark Carney was in Ottawa, meeting with his Canada-US advisory council before the announcement, and then the Canada-US Cabinet committee after the announcement, but with more tariffs coming into play later today, the announcement on retaliatory measures is still forthcoming. Carney did say that this latest global tariff imposition will “fundamentally change the global trading system.” And while he didn’t campaign, Carney did, however, have François-Philippe Champagne make a campaign announcement on his behalf in Granby, Quebec, about the agrifood sector, which not only vows to protect Supply Management, but makes pledges around more funding for various agricultural programmes including trying to build more domestic processing capacity. Carney will remain in Ottawa for the morning, and head to Montreal for a Radio-Canada event.

Pierre Poilievre was in Toronto to give a “keynote speech” to an invited audience meant to resemble a Chamber of Commerce speech on the response to Trump, and it was…middling, because he seems to think that Trump is actually interested in renegotiating the New NAFTA, or that the tariffs are for legitimate reasons rather than the ludicrous belief that they can be used as income to replace taxes that billionaires pay. And he made some particularly odd promises, like using the tax windfall from increased trade to fund the military, or that the Americans actually care about stopping their guns from crossing our border. And a lot of it was falling back on his same economically illiterate beliefs that the Liberals killed the resource extraction sector (which is only operating at record production levels) and that more oil and gas will solve all of our problems (it most assuredly won’t). Poilievre will remain in Kinsgston this morning, and then head to Oshawa for a rally in the evening, and will attend the Radio-Canada event virtually.

Jagmeet Singh was in Winnipeg and made his own pledges to protect workers from the tariffs, which were mostly just reannouncements. Aside from the pledge to meaningfully reform EI (which is far easier said than done—the current government has been working on this for years), he pledged investments in a few sectors, reannounced things like his GST cuts (which disproportionately benefit the wealthy), and he pledged more protectionist measures, which feels like it’s missing the mark for the moment we’re in as a country. Singh will be in Ottawa for the morning, and then head to Montreal later in the day for the Radio-Canada event.

In other campaign news, Conservative spending on Facebook and Instagram ads has fallen sharply while the Liberals have increased theirs.

As for the tariffs, it looks like Canada and Mexico were exempted from this particular round, and that the New NAFTA-compliant exemption remains in place, but the steel and aluminium tariffs are still there, and the auto tariffs come on today in some fashion but they are making those up as they go along, so those remain significant issues overall. But as for how they arrived at their apparently random list of tariffs today, well, it’s even dumber than you could have imagined.

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Ukraine Dispatch

A Russian drone attack hit an energy substation in Sumy region, as Russia claims that Ukrainian forces’ drone and shelling attacks in Kursk region cut off power to 1500 households, thus claiming each side violated the “energy ceasefire.”

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Roundup: Promising to capitulate to the oil companies

Day ten, and things felt a bit more on track today now that the Paul Chiang situation didn’t loom over everything. Mark Carney was in Winnipeg, and re-announced his party’s affordability measures, such as the cancellation of the consumer carbon levy (though I’m not sure how losing the rebates after this quarter will help most households with affordability), his tax cut plan (which disproportionately helps the wealthy), and their various home building pledges along with the previously announced expansion of dental care this summer. That said, he also said expanding pharmacare likely wasn’t going to be a priority (but remember that pharmacare done in the dumbest way possible because the NDP insisted, so maybe it’ll give it time to negotiate a better system? But only if the premiers actually want to play ball, mind you, and they were reluctant beforehand. Carney is back in Ottawa today for “meetings” in advance of the tariff announcement this afternoon.

Pierre Poilievre was in Petty Harbour, Newfoundland and Labrador, and announced that he was going to cave to five demands from the oil industry, including repealing the Impact Assessment Act, scrap the emissions cap, the industrial carbon price, guarantee “six-month approvals” for projects (and good luck with that), and increase Indigenous loan guarantees for resource projects. Of course, the justifications he keeps pointing to are things that predated Trudeau and the IAA, and there are a tonne of approved projects on the books that aren’t moving ahead for market-based reasons. He’s selling a fiction about the need for more oil and gas projects which the market has not moved on, and is convinced this is the way to fight Trump. It’s baffling. Poilievre also insisted that the Liberals were going to bring the consumer carbon levy back once the election is over, just like Andrew Scheer and Erin O’Toole also insisted that the Liberals were going to tax the capital gains on your home. He later made an announcement in PEI about removing the automatic escalator on beer, wine and spirits, which…is a fraction of a cent every year. Honest to Dionysus… Poilievre will be in Toronto this morning, and heads to Kingston for the evening.

Jagmeet Singh was in Edmonton, and promised changes to the Canada Health Act to ensure that American corporations can’t buy Canadian healthcare facilities, and to put stronger controls on provinces who allow cash-for-access services. He later headed to Winnipeg and met with Wab Kinew. Singh remains in Winnipeg today.

In other campaign news, the Greens have qualified to be in the leaders’ debates, but Maxime Bernier and his vanity party have not (as it should be). Here is a comparison of the various carbon pricing (or not) policies as we now appear to be in a race to the bottom based on false premises. Here is an analysis of the various housing promises. And stories of frustration continue to leak out from the Conservative ranks.

Ukraine Dispatch

Russians claim to have captured a new village in eastern Donetsk region. President Zelenskyy is meeting with a small number of countries about contributing troops as part of the security guarantee in the event the conflict does end.

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Roundup: Carney’s first call with Trump

Day six of the campaign, and things took a slightly different tone as the tariff issue still loomed large. Mark Carney remained in Montreal, where he had his first call with Donald Trump since becoming prime minister, and they both gave very civil readouts, but the tariffs are still coming, as are the retaliatory measures. Carney then had a virtual meeting with the premiers, before holding his announcement for the day, which was about a $5 billion fund for trade corridors and infrastructure, dedicated in particular to east-west trade and ports to different destinations than the US. Today, Carney will be back in Ottawa to meet his campaign volunteers in Nepean (but no word on any actual door-knocking).

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Pierre Poilievre was in Nanaimo, BC, to essentially re-announce his previously revealed, completely unconstitutional promise of locking up fentanyl traffickers for life. This is just going to capture low-level users whose lives are already miserable, but sometimes the cruelty is the point. When asked about the latest tariffs, Poilievre continues to hope for a change in tone out of Trump (and is not facing the reality of a dead relationship), but then went into a rant about how only the oil industry can make us economically viable. Poilievre will be in Winnipeg today.

Jagmeet Singh was in Toronto to announce a policy about banning corporate landlords from buying affordable units and jacking the rents, and tried to tie it to Carney and Brookfield. Of course, Singh’s plan is mostly unworkable because much of it lies within provincial jurisdiction, so that’s not unexpected. He’ll be in Ottawa today, canvassing with local candidates.

In the wake of Kory Teneycke’s pillorying of Poilievre’s campaign, other Conservatives on the campaign are coming out the woodwork to talk about how the campaign is shambolic, the leader isolated, and that the wheels have already come off of it. In other campaign news, the National Post dug up Mark Carney’s PhD thesis and got an academic that they run op-eds for—and who donates to the Conservatives—to declare that aspects were “plagiarised.” They weren’t really, and the only real plagiarism here is the lifting wholesale of far-right US tactics (see: Claudine Gay at Harvard), but hoo boy, the stench of desperation coming off the Conservatives as every one of their candidates screamed over social media about this non-scandal. In a similar example of the media pushing a non-story comes word that one of the funds Poilievre invested in holds Brookfield stocks, after all of his grief about them (but again, they’re funds, he doesn’t direct them Meanwhile, Breach Media found evidence that Poilievre’s wife helped her uncle stay in the country after he was deemed inadmissible and was ordered to be deported, and contrasts it to Poilievre’s rhetoric about “illegal border crossers” needing to be deported.

https://bsky.app/profile/emmettmacfarlane.com/post/3llhfo4w3vc26

Ukraine Dispatch

A Russian drone attack on Dnipro killed four late Friday, and drone attacks on Poltava damaged warehouses owned by the state gas producer, in spite of the “energy ceasefire.” Russia claims Ukraine destroyed a gas infrastructure unit in Sudzha, but Ukraine said Russia did it. Now that Ukrainians are out of Kursk region, they have started fresh incursions into the Belgorod region. Ukrainian intelligence, corroborated by two G7 allies, suggests that Putin is planning a fresh offensive on three regions in order to strengthen Russia’s negotiating position with the US.

https://twitter.com/ukraine_world/status/1905766350825607175

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Roundup: The relationship with the US has ended

Day five of the election campaign, and two of the three leaders changed their plans in response to Trump’s tariff announcement—the Conservatives did not, and they can’t pivot because they don’t have media on their plane who can follow them if they have to change plans to respond to events, which is all the more reason why they never should have left them off.

Mark Carney returned to Ottawa to meet with his Canada-US Cabinet committee, and call several premiers including Doug Ford, before addressing the media. There were no campaign announcements today, and said that retaliatory measures will be announced next week when more tariffs are supposed to be coming from Trump, but his remarks were stark, and have been blowing up across a segment of American media—that the relationship we used to have of deepening economic integration and cooperation on security and defence is now over. That’s going to mean a significant retooling of our economy for “strategic economic autonomy,” and that this will be difficult, with no silver bullet. That also means shifting the auto sector for more global trade, which is apparently part of what he discussed with union leaders yesterday, so we’ll see if we get more details about what that could mean. Carney did say that Trump’s office has reached out to talk, so that will likely happen in a couple of days. Afterward, he headed to Montreal for a rally, and today, he plans to have an emergency virtual meeting with the first ministers.

Pierre Poilievre was in Surrey, BC, and his daily announcement was about raising the TFSA limit so long as it was tied to Canadian funds—but he made it sound like government would top-up funds (they won’t), it really only benefits those who can add another $5000 to these accounts, and more to the point, it adds a bunch of bureaucratic reporting mechanisms to prove the funds are Canadian. (Sounds like someone is adding red tape!) He did have a message to Trump to “knock it off,” which was weak and too late, but he keeps talking in terms that the relationship can simply go back to what it was if the tariffs get called off, when it can’t. Democracy has died in the US. There is no ability to trust this administration, and probably the next one. He is off to Nanaimo, BC, today.

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Jagmeet Singh, having pivoted his campaign stop, went to Windsor to announce his plan for entirely Canadian-made cars, and that he’d waive the GST on Canadian-made autos. The promise is likely impossible because supply chains were integrated for a reason, and we have too small of a market to support a purely domestic auto market (and cue all the jokes about Canadian Ladas). He is headed back to Toronto today.

In other election news, former Conservative strategist Kory Teneycke ripped Poilievre a new asshole at an Empire Club event on Wednesday about Poilievre’s inability to meet the moment in the campaign, which was why his poll numbers are tanking, and why he is heading for defeat—particularly because Poilievre has adopted way too many Trump habits to appeal to a certain segment of voters he wants to keep on-side. This as Doug Ford’s personal pollster has made it known that Poilievre’s numbers are grim in Ontario.

Ukraine Dispatch

Russia launched 86 drones plus a missile overnight Wednesday, which sparked fires and injured 21 people in Kharkiv, while shelling in Kherson killed two and damaged power supplies, in contravention of the supposed partial “ceasefire.” Russian forces have also been stepping up attacks on Sumy region. Putin wants a “temporary administration” to allow for elections in Ukraine to end the war, when all that needs to happen for him to end it is to simply send his soldiers home.

https://twitter.com/ukraine_world/status/1905252833827364873

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