What The Liberals Did To Canada

[eyeball]

45 minutes ago, CdnFox said:

Actually that was me telling you

Sure kid.

[Goddess]

Question Period was wild today.

Mark Carney:  "We've governed the country for the last 11 years and the reason our GDP has been stalled and the Canadian dollar is weak, is because of the Conservatives."

Is this guy for real?  Who is buying this shite?

[I am Groot]

Why no one wants to invest in Canada. It isn't just the massive federal regulation. The provinces are in on it too.

 

https://boereport.com/2026/02/03/glencore-halts-major-quebec-smelter-investment-over-emissions-rules-dispute/

[I am Groot]

Canada has overtaken the US! Yaaay! We are now ahead of them on the list of most indebted countries on Earth!

 

[I am Groot]

Gotta keep those foreign workers pouring in! Gotta keep immigration high! Gotta keep wages down!

 

[CdnFox]

2 hours ago, eyeball said:

Sure kid.

[CdnFox]

2 hours ago, I am Groot said:

Why no one wants to invest in Canada. It isn't just the massive federal regulation. The provinces are in on it too.

 

https://boereport.com/2026/02/03/glencore-halts-major-quebec-smelter-investment-over-emissions-rules-dispute/

Sure, can be in many cases.  The cities and districts have become drunk on developer fees and such for example so there's a trillion inspections and hoops, which makes it hard as hell to make a project worth it.  And excessive regulation as you mentioned can be deal killers. 

But mostly they look to the feds.

[ironstone]

Not exactly a record that Carney can brag about.

[ironstone]

https://tradingeconomics.com/canada/foreign-direct-investment

 

Foreign direct investment into Canada totaled C$18.2 billion in Q3 2025, the lowest level since early 2024. Inflows were driven by mergers and acquisitions, and foreign parent companies reinvesting their earnings in Canada. Meanwhile, Canadian investment abroad reached C$25.1 billion, marking the second consecutive period in which net direct investment outflows exceeded inflows. source: Statistics Canada

[CdnFox]

1 hour ago, ironstone said:

https://tradingeconomics.com/canada/foreign-direct-investment

 

Foreign direct investment into Canada totaled C$18.2 billion in Q3 2025, the lowest level since early 2024. Inflows were driven by mergers and acquisitions, and foreign parent companies reinvesting their earnings in Canada. Meanwhile, Canadian investment abroad reached C$25.1 billion, marking the second consecutive period in which net direct investment outflows exceeded inflows. source: Statistics Canada

Yeah. And that's the first time this has ever happened in our history, Only over the last few years have we seen this. We've had periods we're investment slowed down but this is the first time we've looked at actual outflow

But of course it's all harpers fault🙄

[Goddess]

https://energynow.ca/2025/01/ditched-resource-projects-an-estimated-670-billion-of-investment-lost-in-ditched-resource-projects-since-trudeau-became-prime-minister/

$670 billion in investment fled Canada during 2015-2025.

No amount of Albertan talk of independence can cause this more than 11 years of Liberal economic sabotage.

 

[eyeball]

26 minutes ago, Goddess said:

No amount of Albertan talk of independence can cause this more than 11 years of Liberal economic sabotage.

Yup, Canada's $35 billion investment in Transmountain was a real slap in Alberta's face alright.

[Goddess]

21 minutes ago, eyeball said:

Yup, Canada's $35 billion investment in Transmountain was a real slap in Alberta's face alright.

It had a private investor.  Why did they have to withdraw, forcing the government to complete the project?

[eyeball]

2 minutes ago, Goddess said:

It had a private investor.  Why did they have to withdraw, forcing the government to complete the project?

Cost, regulatory hurdles, uncertainly... But so what, shouldn't Alberta still be grateful in any case?

[Goddess]

4 minutes ago, eyeball said:

shouldn't Alberta still be grateful in any case?

No.  We had a private investor.

Ottawa chased them away by making it impossible to build and by introducing laws that made it impossible to ship the oil anywhere and by funding protesters.

Then Ottawa realized, "Oh, damn.  This is critical infrastructure."

Took over the project, ballooned the costs - taxpayers on the hook. Then kept all the regulations, rules & laws (and added new ones) so no other private investor would ever want to do a project in Canada.

Why the hell would Alberta be grateful?

[ExFlyer]

16 minutes ago, Goddess said:

It had a private investor.  Why did they have to withdraw, forcing the government to complete the project?

No it did not....they bailed and the feds took over.

"The Canadian federal government (feds) took over the Trans Mountain pipeline and the expansion project in 2018 to ensure the project was completed in the national interest after the original private owner, Kinder Morgan, halted construction due to  legal challenge"

"Kinder Morgan suspended all non-essential spending on the project in April 2018 due to  investor uncertainty, primarily stemming from opposition by the British Columbia government. The federal government stepped in to "de-risk" the project and guarantee its completion."

 

[Goddess]

And they just did the same thing to Quebec.  $1 billion in investment.  Gone.

Glencore halts major Quebec smelter investment over emissions rules dispute | BOE Report

 

Not that Quebec will care.  They get the vast majority of money from Alberta.

[Goddess]

7 minutes ago, ExFlyer said:

they bailed

Because the Liberals made it impossible to complete the project.

7 minutes ago, ExFlyer said:

due to  investor uncertainty,

Ya, ding-dong.  That's the point. 🙄

The "investor uncertainty" was regulatory and political opposition.  They publicly stated they withdrew because the environment in Canada made it impossible to complete major energy infrastructure projects.

the Liberal gov't caused delay after delay after delay.  Delays cost money.  When Kinder Morgan asked for assurances there would be no further delays, the government refused to provide them.

 

[Goddess]

$0 tax payer money would have been needed if the Liberal government had not continually impeded the project.

The Liberals didn't just screw over Alberta, they screwed over all Canadians.

This s how Alberta knows that the Libs are lying about wanting to turn Canada into an "energy superpower".  That is not what they want.  They never have.  They don't want any industry in Canada.  It's why they're sabotaging everything now.

Carney isn't here to save Canada.  He's here to drain the last of the country's coffers for his billionaire banker friends and preside over the collapse, all while whispering sweet nothings into the boomer's ears.

[Goddess]

1 minute ago, Goddess said:

Carney isn't here to save Canada.  He's here to drain the last of the country's coffers for his billionaire banker friends and preside over the collapse, all while whispering sweet nothings into the boomer's ears.

When Canada is dead, mark my words, Carney will bugger off to the US.

That's where all his investments are.  That's where his family lives.

[eyeball]

5 minutes ago, Goddess said:

$0 tax payer money would have been needed if the Liberal government had not continually impeded the project.

Except it was BC, First Nations and court challenges impeding it.

Ottawa bought it and pushed it through all that.

22 minutes ago, Goddess said:

And they just did the same thing to Quebec.  $1 billion in investment.  Gone.

Okay, so get Ottawa to do what it did in BC and just push it's way through Quebec.

[CdnFox]

46 minutes ago, eyeball said:

Cost, regulatory hurdles, uncertainly... But so what, shouldn't Alberta still be grateful in any case?

All of which can be laid at the federal government's feet

And it was never designed to solve the problem by itself. They're not grateful because the government then trashed the other pipeline which was necessary and has done everything you can to hurt the industry

The thief breaks into your home and steals $1,000 but leaves five bucks on the table for you you're probably not that grateful

6 minutes ago, eyeball said:

Okay, so get Ottawa to do what it did in BC and just push it's way through Quebec.

But they won't. Because carney is actually blocking any new pipeline while pretending that he'd really like to but it's not his fault they can't.

[Goddess]

Via James E. Thorpe, on the Glencoe/Quebec thing:

 

 

For the record.

Global capital just handed Ottawa the verdict the political class keeps dodging: Canada is no longer a serious jurisdiction for large‑scale resource investment, it’s a cautionary tale. Glencore suspending nearly a billion dollars in planned investment at Horne, Canada’s largest copper metal operation, is not an “unfortunate dispute,” it’s a red card for a country that thinks narratives can substitute for net present value.

For years, Canadians have been told that the country is a “critical minerals superpower in waiting” while federal and provincial regimes wrapped every project in layers of regulatory ambiguity, shifting targets, and performative climate posturing.

Now one of the world’s biggest commodity houses is openly saying it cannot get the conditions required to proceed, demobilizing capital and contractors at a key copper smelter and scaling back at its Montreal refinery. That is not a communications problem; it is a sovereign‑risk problem priced in by balance sheets, not speeches.

The timing could not be more damning: in a world obsessing over copper scarcity, with forecasts of global deficits and tight North American supply, Canada is managing to lose investment in its largest copper metal facility because it cannot deliver regulatory clarity or cost‑effective compliance.

This is exactly the opposite of what a rational, opportunity‑seeking state would do; it is what a complacent, narrative‑drunk polity does when it mistakes ESG panel applause for an industrial strategy.

Carney’s Davos‑style happy talk about fast‑tracking investment and building critical mineral capacity was already straining credulity; Glencore’s move rips the façade off. You do not “fast‑track a trillion dollars” while marquee operators are suspending emissions and upgrade projects and hinting at outright closure if conditions do not change before new rules hit.

This is not a sequencing issue; it is a fundamental incoherence between elite rhetoric and the actual investment climate facing anyone who has to sign a multi‑decade, multi‑billion‑dollar cheque. Bay Street, which has spent years nodding along with Ottawa’s performative policies, now finds itself staring at the obvious: if Venezuela can be rehabilitated enough to send barrels back to the Gulf Coast while Canada scares off copper and coal capital, the problem is not “global headwinds,” it is domestic policy failure.

The country has squandered a once‑in‑a‑generation advantage in resources, logistics, and rule of law, and replaced it with legal risk, regulatory roulette, and self‑congratulation.

This is why Glencore’s suspension matters far beyond Rouyn‑Noranda. It is a live‑fire stress test of Canada’s entire model: if the political class insists on ever‑tighter, ever‑murkier constraints while pretending to court capital, global players will simply redeploy to jurisdictions that may be rougher around the edges but at least understand that projects have to clear in cash‑flow terms. Canada is discovering, painfully, that global capital does not buy “story stocks” in perpetuity; it marks them to reality.

[Goddess]

10 minutes ago, CdnFox said:

Because carney is actually blocking any new pipeline while pretending that he'd really like to but it's not his fault they can't.

The Liberal government is like a highway department that only installs speed bumps.  They don't fill potholes, they don't upgrade infrastructure.  

They take functioning stretches of road and make them unusable with mounds of asphalt.

Is it any wonder our economy is circling the toilet bowl?

 

[CdnFox]

13 minutes ago, Goddess said:

The Liberal government is like a highway department that only installs speed bumps.  They don't fill potholes, they don't upgrade infrastructure.  

 

Installing speed bumps while bragging how they just increased the speed limit to 120.  That's it exactly, great analogy. 

Oh we LOVE the idea (impediment) of more pipelines (impediment impediment) and we're doing everything (pisses off first nations, calls their mothers fat) that we possibly can (impediment) to facilitate that!