Mike's Daily Comment

Kinder Morgan Never Said the Trans Mountain Expansion Would Cost $1.9 Billion More

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They said no such thing. Instead the number comes from an SEC filing presenting a Net Present Value Analysis of the project under different scenarios by TD Securities including what if it cost more and was delayed until January, 2022.

All Talk – No Action

canada vacation

Remember all the big talk that we were going to show Donald Trump and stop travelling to the States? Well we didn’t. Maybe not a big surprise for a nation that’s raised virtue signalling to new heights but isn’t quite as keen on actually “doing something.” 

At Least We Don’t Discriminate

Canada imports 670,000 barrels a day of oil to the East Coast at World Prices which is $26.00 more per barrel than we get from Oil shipped to the US. Remarkably, 60,000 comes by tanker from Serial Rights abuser Saudi Arabia who has just expelled Canada’s Ambassador.

 

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Beware This Impending Gov’t Cash Grab

Get Ready – Every Family of Four will be forced to pay an additional 27K on top of all their tax existing tax bill to fund the 1/4 trillion shortfall in public sector pensions.  

 

TightenBelt

The BS Pedalled About The Federal Debt

Some well known economists say we can afford the federal debt.  That’s true – it will be about 1% of GDP but it’s BS to suggest that “we” can afford it when it will be  our children and their children who’ll be paying. And it’s not just the federal debt – they’ll also be paying for our provincial debt and unfunded public sector pension liabilities. 

 

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