Thursday, October 4, 2018

PALLISTER REVOLTS AGAINST CARBON TAX

  Manitoba Premier Brian Pallister did an about-face on carbon taxes Wednesday, abandoning plans to start charging a levy in December and joining other conservative leaders in flat-out opposition to federal plans.
  Pallister announced a year ago he would enact a $25-a-tonne carbon tax and keep it at that rate. That would have increased the price of gasoline by 5.3 cents a litre and raised other energy costs. The federal government has said provinces have to enact a cap-and-trade system or a carbon tax that would start at $10 a tonne this year and rise to $50 a tonne by 2022.
   "We're forced to either fight (the federal government) in a year, when they invoke a higher tax .... or to stand up to them now. We're choosing to do it now, not then, because we hope that this will give clarity sooner than if we wait."

Wednesday, October 3, 2018

"A COP'S COP" APPOINTED TO COMMUNITY SAFETY

“I am very pleased to announce the appointment of Mario Di Tommaso as Deputy Minister of Community Safety, effective October 22nd,” Premier Ford said in an internal memo.
What he is, is a cop’s cop. He’s open to fresh ideas but not buzzwords or feel good stuff that sounds good but doesn’t work.
It’s going to be interesting to see how he helps transform policing in the province, which under the previous Liberal government has struggled in the areas of crime, drugs, gangs, shootings, murder and violence.

LNG PLANT FOR KITIMAT; GREENIES PUCKERING

  VICTORIA — The prospect of billions of dollars in liquefied natural gas revenues has British Columbia's government preparing for a political and environmental juggling act as Premier John Horgan attempts to hold together his minority government while appeasing ever watchful climate guardians.
   Horgan said LNG Canada's decision to build a $40 billion liquefied natural gas project in northern B.C. ranked on the historic scale of a "moon landing," emphasizing just how much the project means to an economically deprived region of the province.
  Opposition Liberal Leader Andrew Wilkinson, former Liberal energy minister Rich Coleman and Skeena Liberal MLA Ellis Ross, a former Haisla Nation chief and early LNG backer in Kitimat, were present at the signing ceremony with Horgan, Prime Minister Justin Trudeau and representatives from the five international energy giants behind the LNG Canada project.

LEGAULT VOWS TO KEEP HIS PROMISES

  The day after a momentous election victory in which he re-drew Quebec's political map, Premier-designate Francois Legault sought on Tuesday to reassure Quebecers and other Canadians uncertain what to expect from his government.
    He said he wants to build a "strong Quebec inside Canada" and to reduce Quebec's dependence on equalization payments from the federal government.
   The Coalition leader told reporters he has no intention of softening his controversial campaign promises to reduce annual immigration to Quebec and institute language and values tests for recent arrivals. And he said he would invoke the notwithstanding clause if necessary to override the Charter of Rights and Freedoms and ensure public officials in positions of authority wear no religious symbols.

Tuesday, October 2, 2018

CHINA'S ECONOMY SLUMPS

China's Shadow-banking system is collapsing (and with its China's economic-fuel - the credit impulse), it's equity market has become a slow-motion train-wreck, its economic data has been serially disappointing for two years, and its bond market is starting to show signs of serious systemic risk as corporate defaults in 2018 hit a record high.

HUMAN RIGHTS COMPLAINT RE DAYCARE

   “Asylum seekers file human rights complaint over lack of access to Quebec subsidized day care: Without access to advance tax credits, claimants say they’ll have to stay home to care for children.”
   The story is about a Haitian family who came to Canada and filed a refugee application in July 2017.
   For those who allegedly fled war and persecution, the idea that government subsidized day care is a “human right” seems absurd. But that is exactly what this family is arguing.
    “It’s a matter of human rights, it’s a matter of equal chances, equality for the children,” said the couple’s activist lawyer.

CRA SUSPENDS & FINES ISLAMIC CHARITY

A major Canadian Islamic organization has been suspended and fined by federal charities regulators following an audit that raised concerns it had “provided resources” that may have been used to support to armed militancy.
The Canada Revenue Agency said it had suspended the Islamic Society of North America-Canada (ISNA-Canada) for a year effective Sept. 12 and ordered the Mississauga-based charity to pay a $550,000 penalty.
Government auditors alleged ISNA-Canada had “failed to conduct any meaningful due diligence” when it transferred $136,000 to the war-torn Kashmir region, where the militant Hizbul Muhajideen has been fighting Indian troops.