Lost $129M In Loan Defaults

Taxpayers lost more than $128.6 million on loan defaults through regional development agencies last year, records show. The “vast majority” of defaults fell under pandemic relief programs: "A loss rate of around 40 percent is anticipated."

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Tells CBC To Be Transparent

CBC must be more forthcoming in explaining its purpose in newsgathering, says the network Ombudsman. The direction came on complaints of bias over CBC news coverage of gender identity programs in public schools that only featured LGBTQ guests: "It fell short."

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Book Review — Winner Take All

If they were re-inventing Parliament it might not look like the Texas hold ‘em version we have now, a rectangular chamber of adversaries seated face-to-face, seeking advantage and winner-takes-all. This is the product of “critical thinking,” writes Patrick Finn: “A mode of thinking that is governed by a critical approach to all incoming information that has winners and losers.”

“Our system of government is based on a form of critical thinking first established in ancient Greece,” explains Finn, associate professor at the University of Calgary’s School for Creative and Performing Arts. “Does anyone think it is still working? Or are we continually asking ourselves why this system will not allow us to work together more effectively?”

Joly Hiring Private Advisors

Industry Minister Mélanie Joly’s department yesterday said it needs private consultants’ help in managing “a fundamental rethink” of relations with the United States. The department has more than 6,000 employees and access to fully-staffed Canadian trade offices in 15 American cities: "The Minister and senior Department of Industry officials require current intelligence and support on U.S. political, economic, technology and trade dynamics."

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“She Took People For Fools”

Liberal MP Chrystia Freeland (University-Rosedale, Ont.) faces questioning on suspicion she misled Parliament over taxpayers’ financing of Chinese shipyard jobs. “You can grill her,” said one Liberal MP.

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Beware ‘Creative Accounting’

Cabinet can’t rely on “creative accounting” to meet its NATO spending target of two percent of GDP, Conservative MP James Bezan (Selkirk-Interlake, Man.) yesterday told the Commons defence committee. Bezan questioned cabinet’s inclusion of the Canadian Coast Guard in its calculations when “they can’t even fine anyone for fishing violations.”

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Group Denies China Funding

A Vancouver climate think tank denies any conflict of interest in advocating freer Canadian market access for low cost Chinese electric cars. A hearing of the Commons trade committee yesterday questioned where the environmental group received its funding: "We have never received any money from China."

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Fund “Far Left” On Campus

Taxpayers are funding “far left” activists at Canadian universities, one academic has told the Commons science committee. MPs are investigating criteria for research grants worth $4.5 billion annually: "Is it legitimate for a broad spectrum of Canadian taxpayers to fund left and far left advocacy under the guise of research funding?"

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Cabinet Blind Trusts Targeted

The Commons ethics committee last night adopted a Conservative motion targeting blind trusts similar to one used by Prime Minister Mark Carney to conceal vast stock holdings. “This is very timely,” said Conservative MP Michael Barrett (Leeds-Grenville, Ont.), sponsor of the motion.

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D.E.I. Spending Tops $1.04B

Federal diversity, equity and inclusion programs have cost more than a billion since 2016, newly-disclosed records show. Grants included Department of Agriculture subsidies for "cultural vegetables" and Veterans Affairs funding for Congolese war veterans: 'We conducted a search in our grants and contributions management system using the keywords ‘equity,’ ‘diversity’ and ‘inclusion.'"

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Won’t Disclose Gaza Funding

Foreign Minister Anita Anand will not tell Parliament what groups her department is financing in Gaza. Anand invoked "confidentiality” in refusing a request by one MP to detail who has received taxpayers’ aid under a little-known Canada Fund for Local Initiatives: 'What are details of each grant?'

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“I Am A Great Expert”: PM

Prime Minister Mark Carney yesterday said he was “a great tax and budget expert” but would not disclose this year’s deficit. His comments in a Question Period exchange followed notice from the Budget Office that the deficit is "absolutely higher" than cabinet promised.

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No Recession, Says Macklem

There will be no recession this year, Bank of Canada Governor Tiff Macklem said yesterday. Macklem acknowledged the economy shrank in the spring but predicted “slow growth” will offset losses: "It is growth."

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Warn Taxpayers On Fed Debt

Canadians should brace for billions in new borrowing to be detailed next week in an updated five-year estimate of overspending, Interim Parliamentary Budget Officer Jason Jacques said yesterday. Testifying at the Commons government operations committee, Jacques said there was no question cabinet’s 2025 deficit will be much steeper than indicated: "The government wants to take 10 months before they put up an Excel spreadsheet that indicates what their deficit estimates are for the next five years."

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