Trudeau Is Going To Bury Us In Debt
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Federal government posts $7.3B deficit between April and July
Author of the article:Canadian Press
Canadian Press
Published Sep 27, 2024 • 1 minute read
OTTAWA — The federal government’s deficit has grown to $7.3 billion so far this fiscal year.
The Finance Department’s latest fiscal monitor says the deficit between April and July compares with a $1.2 billion deficit over the same period last year.
Revenues during the four-month period increased by $14.9 billion, or 10.2 per cent, from April to July 2023.
Program expenses excluding net actuarial losses were up $17.5 billion, or 13.5 per cent, as the federal government spent more on programs and transfers to provinces and territories.
Public debt charges rose by $4.2 billion, or 28.8 per cent, due to higher interest rates.
Net actuarial losses fell by $0.8 billion, or 23.2 per cent.
torontosun.com
Author of the article:Canadian Press
Canadian Press
Published Sep 27, 2024 • 1 minute read
OTTAWA — The federal government’s deficit has grown to $7.3 billion so far this fiscal year.
The Finance Department’s latest fiscal monitor says the deficit between April and July compares with a $1.2 billion deficit over the same period last year.
Revenues during the four-month period increased by $14.9 billion, or 10.2 per cent, from April to July 2023.
Program expenses excluding net actuarial losses were up $17.5 billion, or 13.5 per cent, as the federal government spent more on programs and transfers to provinces and territories.
Public debt charges rose by $4.2 billion, or 28.8 per cent, due to higher interest rates.
Net actuarial losses fell by $0.8 billion, or 23.2 per cent.
Federal government posts $7.3B deficit between April and July
The federal government's deficit has grown to $7.3 billion so far this fiscal year.
Trudeau should just call the election for 4 weeks time and go for it. Slander Polliviere and get help from his foreign allies to corrupt the whole enchilada and see what happens. The longer it goes the worse it is going to be for him imo.
Further to my usual general rant about regional diversification as the answer to political parties I say look to how many parties are in Europe. The trust in big brother to look after us from afar is just not reality. Secret actually is to get people from afar to send money which is what we do.
And we do it time and again.
Further to my usual general rant about regional diversification as the answer to political parties I say look to how many parties are in Europe. The trust in big brother to look after us from afar is just not reality. Secret actually is to get people from afar to send money which is what we do.
And we do it time and again.
The federal government’s deficit per employed Canadian was $1,246 before 2015, but it’s since nearly tripled to $3,482.
Since Justin Trudeau’s Liberals were elected in 2015, the federal public sector has swelled by 42 per cent to nearly 370,000 employees. But because the government doesn’t produce revenue for the economy, bureaucrats are remunerated in taxpayer dollars and freshly printed money.
In 2014, the prime minister infamously claimed “the budget will balance itself,” but his government’s reckless spending has maintained upward pressure on inflation — which Statistics Canada says surged by over 19 per cent between 2015 and 2022. During this period, 31 per cent more executive-level bureaucrats were hired, and their total compensation surged by 42 per cent from $1.4 billion to $1.9 billion, with their average salaries growing from $193,600 to $208,480.
The government confoundingly hired 635 new public executives between 2020 and 2021, when it shut down the economy because of COVID-19. At the same time, it printed billions in income subsidies that were often excessive or poorly targeted, In total, the Fraser Institute estimates that “COVID fiscal waste” will accumulate to $110 billion by 2032.
Moreover, the auditor general found in 2022 that $4.6 billion in Canadian Emergency Response Benefit (CERB) and other payments went to ineligible recipients (dead Canadians, prisoners and children), and $27.4 billion was deemed worthy of a government investigation. Another $9.9 billion in COVID subsidies was linked to more than 51,000 ineligible employers.
The federal government’s deficit per employed Canadian was $1,246 before 2015, but it’s since nearly tripled to $3,482. It’s worth noting the post-2015 deficit per employed person would be much higher without Canada’s recent population boom, prompting the question: are the feds bloating the population through immigration, even though it’s immiserating Canadians, because they’ve lost control of the deficit?
Whether through scandals like ArriveCan or generally pointless transfers, Liberals overspend with predictable results.
There is a causal link between unchecked spending and the price of consumer goods — the larger the former, the more expensive the latter. Moreover, as is the case with the carbon tax, consumer prices are increasing in Canada, and will continue to through 2030 when the tax reaches $170 per metric ton from today’s $80 per metric ton. This is affecting the production and transportation of everything from simple goods to livestock.
The latest StatCan data revealed consumers paid 2.4 per cent more for groceries in August than they did 12 months earlier, with meat and dairy increasing by 6.8 and 3.3 per cent, respectively, while beef prices grew by 7.4 per cent. The carbon tax raising livestock premiums is doubtless at play here.
Financial strain is metastasizing among Canadians, who are taxed to the hilt while their buying power is eroding. Credit rating agency Equifax, noting that consumer debt grew by $2.5 trillion year-over-year in the second quarter of 2024, surmises that multigenerational households are growing in number due to economic strife. The growth is preponderantly driven by credit card debt increasing by 13.7 per cent to $122 billion, averaging a 17-year high of more than $4,300 per consumer.
Consumers’ waning spending habits and mounting debt signifies they’re struggling to meet basic living needs, elucidating the depth of Canada’s cost of living crisis. But it didn’t occur in a vacuum.
In the wake of COVID-19, in tandem with generous income subsidies, the Bank of Canada plunged its policy rate to 25 basis points in March 2020. It remained there for 18 months, sparking a housing rush.
The rapid escalation in home prices was driven by asset-rich Canadians who were able to borrow for pennies on the dollar. And there were many more of them than previously thought, as household savings were in excess of $90 billion by November 2020. Moreover, the money used to inflate asset valuations can also be traced back to the federal government, which exercised little oversight when granting CERB and Canada Recovery Benefit payments.
And yet the Bank of Canada kept its policy rate at an historic low, even while the cost of living rose sharply.
Runaway inflation was the predictable outcome of so much money circulating in the economy for so long, and that eventually moved the Bank of Canada to hike its overnight lending rate 10 times beginning in March 2022. That, in turn, impelled small- and mid-sized businesses to implement hiring freezes before culling their workforces.
What’s curious is that Canada’s real GDP grew by 1.7 per cent during the first quarter of 2024, despite the living standard falling 0.2 per cent, an apparent ramification of Canada’s surging population. Labour productivity declined by 0.3 per cent during the quarter, followed by a 0.2 per cent decrease in the second quarter when 11 of 16 industries saw productivity fall.
But as the economy showed major strain, Canada’s population grew by 1,158,705 in the 12 months before July 2023, 98 per cent of which came from outside the country, even as the labour market buckled. Unsurprisingly, one-bedroom rentals in the Greater Toronto Area broke $3,000 per month in early 2023.
The Royal Bank of Canada reported in June that the national economy, adjusted for inflation and population growth, has regressed by about a decade. Outside of real estate and construction, investment in Canada’s economy has dropped and, therefore, flatlined wages.
Canada’s deindustrialization has been especially acute in the energy, mining and manufacturing sectors, with the latter’s contribution to Canada’s economy halving since 2000. Those private sector productivity shortfalls have adversely affected the country’s GDP and stripped Canadians’ earning potential.
But you wouldn’t know it looking at unemployment figures — and that’s because the government is juking the numbers by growing both the civil service and the country’s fleet of food delivery couriers, who are typically desperate newcomers. And in contrast to the former, the latter live in abject poverty like most of their new compatriots.
apple.news
Since Justin Trudeau’s Liberals were elected in 2015, the federal public sector has swelled by 42 per cent to nearly 370,000 employees. But because the government doesn’t produce revenue for the economy, bureaucrats are remunerated in taxpayer dollars and freshly printed money.
In 2014, the prime minister infamously claimed “the budget will balance itself,” but his government’s reckless spending has maintained upward pressure on inflation — which Statistics Canada says surged by over 19 per cent between 2015 and 2022. During this period, 31 per cent more executive-level bureaucrats were hired, and their total compensation surged by 42 per cent from $1.4 billion to $1.9 billion, with their average salaries growing from $193,600 to $208,480.
The government confoundingly hired 635 new public executives between 2020 and 2021, when it shut down the economy because of COVID-19. At the same time, it printed billions in income subsidies that were often excessive or poorly targeted, In total, the Fraser Institute estimates that “COVID fiscal waste” will accumulate to $110 billion by 2032.
Moreover, the auditor general found in 2022 that $4.6 billion in Canadian Emergency Response Benefit (CERB) and other payments went to ineligible recipients (dead Canadians, prisoners and children), and $27.4 billion was deemed worthy of a government investigation. Another $9.9 billion in COVID subsidies was linked to more than 51,000 ineligible employers.
The federal government’s deficit per employed Canadian was $1,246 before 2015, but it’s since nearly tripled to $3,482. It’s worth noting the post-2015 deficit per employed person would be much higher without Canada’s recent population boom, prompting the question: are the feds bloating the population through immigration, even though it’s immiserating Canadians, because they’ve lost control of the deficit?
Whether through scandals like ArriveCan or generally pointless transfers, Liberals overspend with predictable results.
There is a causal link between unchecked spending and the price of consumer goods — the larger the former, the more expensive the latter. Moreover, as is the case with the carbon tax, consumer prices are increasing in Canada, and will continue to through 2030 when the tax reaches $170 per metric ton from today’s $80 per metric ton. This is affecting the production and transportation of everything from simple goods to livestock.
The latest StatCan data revealed consumers paid 2.4 per cent more for groceries in August than they did 12 months earlier, with meat and dairy increasing by 6.8 and 3.3 per cent, respectively, while beef prices grew by 7.4 per cent. The carbon tax raising livestock premiums is doubtless at play here.
Financial strain is metastasizing among Canadians, who are taxed to the hilt while their buying power is eroding. Credit rating agency Equifax, noting that consumer debt grew by $2.5 trillion year-over-year in the second quarter of 2024, surmises that multigenerational households are growing in number due to economic strife. The growth is preponderantly driven by credit card debt increasing by 13.7 per cent to $122 billion, averaging a 17-year high of more than $4,300 per consumer.
Consumers’ waning spending habits and mounting debt signifies they’re struggling to meet basic living needs, elucidating the depth of Canada’s cost of living crisis. But it didn’t occur in a vacuum.
In the wake of COVID-19, in tandem with generous income subsidies, the Bank of Canada plunged its policy rate to 25 basis points in March 2020. It remained there for 18 months, sparking a housing rush.
The rapid escalation in home prices was driven by asset-rich Canadians who were able to borrow for pennies on the dollar. And there were many more of them than previously thought, as household savings were in excess of $90 billion by November 2020. Moreover, the money used to inflate asset valuations can also be traced back to the federal government, which exercised little oversight when granting CERB and Canada Recovery Benefit payments.
And yet the Bank of Canada kept its policy rate at an historic low, even while the cost of living rose sharply.
Runaway inflation was the predictable outcome of so much money circulating in the economy for so long, and that eventually moved the Bank of Canada to hike its overnight lending rate 10 times beginning in March 2022. That, in turn, impelled small- and mid-sized businesses to implement hiring freezes before culling their workforces.
What’s curious is that Canada’s real GDP grew by 1.7 per cent during the first quarter of 2024, despite the living standard falling 0.2 per cent, an apparent ramification of Canada’s surging population. Labour productivity declined by 0.3 per cent during the quarter, followed by a 0.2 per cent decrease in the second quarter when 11 of 16 industries saw productivity fall.
But as the economy showed major strain, Canada’s population grew by 1,158,705 in the 12 months before July 2023, 98 per cent of which came from outside the country, even as the labour market buckled. Unsurprisingly, one-bedroom rentals in the Greater Toronto Area broke $3,000 per month in early 2023.
The Royal Bank of Canada reported in June that the national economy, adjusted for inflation and population growth, has regressed by about a decade. Outside of real estate and construction, investment in Canada’s economy has dropped and, therefore, flatlined wages.
Canada’s deindustrialization has been especially acute in the energy, mining and manufacturing sectors, with the latter’s contribution to Canada’s economy halving since 2000. Those private sector productivity shortfalls have adversely affected the country’s GDP and stripped Canadians’ earning potential.
But you wouldn’t know it looking at unemployment figures — and that’s because the government is juking the numbers by growing both the civil service and the country’s fleet of food delivery couriers, who are typically desperate newcomers. And in contrast to the former, the latter live in abject poverty like most of their new compatriots.
Neil Sharma: Liberals' big government has left Canadians struggling for the basics — National Post
Taxpayers have to support a bloated civil service — even as they struggle with debt, inflation and poor wages
Federal government posts $13B deficit in first half of the fiscal year
Author of the article:Canadian Press
Canadian Press
Nojoud Al Mallees
Published Nov 29, 2024 • 1 minute read
OTTAWA — The Finance Department says the federal deficit was $13 billion between April and September.
That compares to an $8.2 billion deficit over the same period last year.
According to the monthly fiscal monitor released today, revenues were up $20.3 billion, or 9.6 per cent, compared with the first half of the 2023-24 fiscal year.
Program expenses excluding net actuarial losses and gains increased $21.7 billion, or 11.2 per cent, due to higher direct program spending and transfers to people and other levels of government.
Public debt charges rose by $5.2 billion, or 22.5 per cent, largely reflecting higher interest rates.
Net actuarial losses and gains decreased by $1.8 billion, or 46.8 per cent.
torontosun.com
Author of the article:Canadian Press
Canadian Press
Nojoud Al Mallees
Published Nov 29, 2024 • 1 minute read
OTTAWA — The Finance Department says the federal deficit was $13 billion between April and September.
That compares to an $8.2 billion deficit over the same period last year.
According to the monthly fiscal monitor released today, revenues were up $20.3 billion, or 9.6 per cent, compared with the first half of the 2023-24 fiscal year.
Program expenses excluding net actuarial losses and gains increased $21.7 billion, or 11.2 per cent, due to higher direct program spending and transfers to people and other levels of government.
Public debt charges rose by $5.2 billion, or 22.5 per cent, largely reflecting higher interest rates.
Net actuarial losses and gains decreased by $1.8 billion, or 46.8 per cent.
Federal government posts $13B deficit in first half of the fiscal year
The Finance Department says the federal deficit was $13 billion between April and September.
Ontario Place redevelopment costs grow by $1.8 billion, AG alleges unfair process
The report was one of 10 released Tuesday by Ontario's auditor general
Author of the article:Bryan Passifiume
Published Dec 03, 2024 • Last updated 1 day ago • 4 minute read
Costs for redeveloping Ontario Place have ballooned by $1.8 billion, according to the annual report from Ontario’s auditor general released Tuesday, with the AG alleging a process for the monumental project that was neither fair nor transparent.
Speaking during a morning press conference at Queen’s Park, Auditor General Shelley Spence said a number of costs totalling $950 million weren’t fully considered during the project’s planning phases.
“As a master developer, the province is responsible for over $950 million in costs to develop Ontario Place, including costs for the public realm, parking and connecting public transit from exhibition place to Ontario Place,” Spence said.
“None of these costs were presented to decision-makers when Infrastructure Ontario and the Ministry of Tourism recommended a multi-partner approach.”
Ontario Place was among 10 separate performance audit reports released Tuesday by the AG, investigating such issues as the Ontario Land Tribunal, Ontario’s Immigrant Nominee Program, Ontario’s opioid strategy, and the Toronto District School Board.
Spence also cited problems with the development process, calling it neither fair nor transparent, alleging that one of the participants — later identified as a preferred developer — was allowed to submit their submission after the deadline.
Some bidders also had meetings with government staff during the process, which is against the rules.
The report stated that an executive at Infrastructure Ontario responsible for conducting financial assessments communicated directly with a bidder, consisting of nine emails and one call with Therme Canada — the firm tasked with redeveloping the site.
As of February 2024, Infrastructure Ontario projected the total cost of the Ontario Place redevelopment to be $2.2 billion, the auditor said.
Spence also determined a $400-million increase in the government’s 2023 estimates on relocating the Ontario Science Centre from Don Mills Rd. to the Ontario Place site, putting the project’s cost at $1.4 billion.
That’s more than the estimated $1.3-billion price tag on rehabilitating the beloved attraction’s existing building.
The AG also took aim at the Toronto District School Board (TDSB,) claiming Canada’s largest school board isn’t providing a safe learning environment for both students and staff.
“TDSB’s rate of violence incidents is lower than the provincial average, but it is at the highest that it’s ever been reported,” she said, noting systems meant to track incidents of bullying needs improvement.
The report says violent incidents at TDSB schools increased by 67% between the 2017-18 and 2022-23 school years, while such incidents at other Ontario boards increased by 114%.
There were 244 violent incidents in 2017-18, increasing to 283 the next year before plummeting to 78 during the height of the COVID-19 pandemic.
That number grew to 251 incidents by 2021-22, peaking at 407 in 2022-23.
The audit also found that violent incidents between 2017-18 and 2021-22 were underreported by 9%, thanks to documentation errors by TDSB principals.
Among the more troubling findings in the report was that the TDSB has no mechanism in place to periodically perform criminal background checks on staff or contractors in direct contact with students, only relying on checks done upon hiring or transfer to another school — instead largely relying on annual self-reporting, which the audit says only 16% were submitted since the 2018-19 school year.
SELECTED HIGHLIGHTS FROM OTHER REPORTS
MINISTER’S ZONING ORDERS
The AG found that provincial use of Minister’s Zoning Orders (MZOs) — which allows Ontario’s housing minister to change and override municipal zoning rules — saw a 17-fold increase between 2019 and 2023 compared to the previous two decades. The report found that 114 MZOs were issued over the time period, around 23 per year.
“None of the information packages that the Ministry of Municipal Affairs and Housing prepared for the minister during this time contained an assessment as to whether the NZO was necessary,” Spence said.
DIGITIZATION OF SERVICEONTARIO
Despite $100 million spent over the past decade, ServiceOntario has not met its mandate to digitize government services. The report found that ServiceOntario has no online option for over half of its products, specifically high-demand services like health cards and driver’s licences. Despite internal targets of 50%, only 33% of transactions occurred online over the past five years. Other provinces, she said, are taking advantage of emerging technologies such as digital ID, chatbots and mobile apps at a far greater pace than Ontario.
ONTARIO’S OPIOID STRATEGY
The report determined the province’s opioid strategy, which dates back to 2016, is outdated and doesn’t address key issues such as the differing impact in certain regions and population groups, a lack of accountability and leadership, and poor data tracking. The report also noted that access to addiction treatment was limited, and infrequently offered in primary care settings.
ONTARIO IMMIGRANT NOMINEE PROGRAM
A lack of coordination between the federal government and the province means Ontario, which receives more new immigrants than any other province, has less say in economic migrants granted permanent residency than other provinces. As well, the report highlighted issues of misrepresentation among applicants.
“We found that in 2023, only 3% of all applicants were inspected by the Ministry (of Labour, Immigration, Training and Skills Development) and 9% from high-risk streams,” Spence said.
auditor.on.ca
torontosun.com
The report was one of 10 released Tuesday by Ontario's auditor general
Author of the article:Bryan Passifiume
Published Dec 03, 2024 • Last updated 1 day ago • 4 minute read
Costs for redeveloping Ontario Place have ballooned by $1.8 billion, according to the annual report from Ontario’s auditor general released Tuesday, with the AG alleging a process for the monumental project that was neither fair nor transparent.
Speaking during a morning press conference at Queen’s Park, Auditor General Shelley Spence said a number of costs totalling $950 million weren’t fully considered during the project’s planning phases.
“As a master developer, the province is responsible for over $950 million in costs to develop Ontario Place, including costs for the public realm, parking and connecting public transit from exhibition place to Ontario Place,” Spence said.
“None of these costs were presented to decision-makers when Infrastructure Ontario and the Ministry of Tourism recommended a multi-partner approach.”
Ontario Place was among 10 separate performance audit reports released Tuesday by the AG, investigating such issues as the Ontario Land Tribunal, Ontario’s Immigrant Nominee Program, Ontario’s opioid strategy, and the Toronto District School Board.
Spence also cited problems with the development process, calling it neither fair nor transparent, alleging that one of the participants — later identified as a preferred developer — was allowed to submit their submission after the deadline.
Some bidders also had meetings with government staff during the process, which is against the rules.
The report stated that an executive at Infrastructure Ontario responsible for conducting financial assessments communicated directly with a bidder, consisting of nine emails and one call with Therme Canada — the firm tasked with redeveloping the site.
As of February 2024, Infrastructure Ontario projected the total cost of the Ontario Place redevelopment to be $2.2 billion, the auditor said.
Spence also determined a $400-million increase in the government’s 2023 estimates on relocating the Ontario Science Centre from Don Mills Rd. to the Ontario Place site, putting the project’s cost at $1.4 billion.
That’s more than the estimated $1.3-billion price tag on rehabilitating the beloved attraction’s existing building.
The AG also took aim at the Toronto District School Board (TDSB,) claiming Canada’s largest school board isn’t providing a safe learning environment for both students and staff.
“TDSB’s rate of violence incidents is lower than the provincial average, but it is at the highest that it’s ever been reported,” she said, noting systems meant to track incidents of bullying needs improvement.
The report says violent incidents at TDSB schools increased by 67% between the 2017-18 and 2022-23 school years, while such incidents at other Ontario boards increased by 114%.
There were 244 violent incidents in 2017-18, increasing to 283 the next year before plummeting to 78 during the height of the COVID-19 pandemic.
That number grew to 251 incidents by 2021-22, peaking at 407 in 2022-23.
The audit also found that violent incidents between 2017-18 and 2021-22 were underreported by 9%, thanks to documentation errors by TDSB principals.
Among the more troubling findings in the report was that the TDSB has no mechanism in place to periodically perform criminal background checks on staff or contractors in direct contact with students, only relying on checks done upon hiring or transfer to another school — instead largely relying on annual self-reporting, which the audit says only 16% were submitted since the 2018-19 school year.
SELECTED HIGHLIGHTS FROM OTHER REPORTS
MINISTER’S ZONING ORDERS
The AG found that provincial use of Minister’s Zoning Orders (MZOs) — which allows Ontario’s housing minister to change and override municipal zoning rules — saw a 17-fold increase between 2019 and 2023 compared to the previous two decades. The report found that 114 MZOs were issued over the time period, around 23 per year.
“None of the information packages that the Ministry of Municipal Affairs and Housing prepared for the minister during this time contained an assessment as to whether the NZO was necessary,” Spence said.
DIGITIZATION OF SERVICEONTARIO
Despite $100 million spent over the past decade, ServiceOntario has not met its mandate to digitize government services. The report found that ServiceOntario has no online option for over half of its products, specifically high-demand services like health cards and driver’s licences. Despite internal targets of 50%, only 33% of transactions occurred online over the past five years. Other provinces, she said, are taking advantage of emerging technologies such as digital ID, chatbots and mobile apps at a far greater pace than Ontario.
ONTARIO’S OPIOID STRATEGY
The report determined the province’s opioid strategy, which dates back to 2016, is outdated and doesn’t address key issues such as the differing impact in certain regions and population groups, a lack of accountability and leadership, and poor data tracking. The report also noted that access to addiction treatment was limited, and infrequently offered in primary care settings.
ONTARIO IMMIGRANT NOMINEE PROGRAM
A lack of coordination between the federal government and the province means Ontario, which receives more new immigrants than any other province, has less say in economic migrants granted permanent residency than other provinces. As well, the report highlighted issues of misrepresentation among applicants.
“We found that in 2023, only 3% of all applicants were inspected by the Ministry (of Labour, Immigration, Training and Skills Development) and 9% from high-risk streams,” Spence said.
Office of the Auditor General of Ontario
auditor.on.ca
Ontario Place redevelopment costs grow by $1.8 billion, AG alleges unfair process
The report was one of 10 released Tuesday by Ontario's auditor general
Taking bets on what the final tab on the $26 billion nuclear waste repository 10 year construction project starting in 2030 will end up costing. Seems a 4 bagger would be too conservative.
Interestingly they are forecasting a 175 year life of facility which makes me wonder what would be next
Interestingly they are forecasting a 175 year life of facility which makes me wonder what would be next
They were talking about putting that near here, just around the corner from Bruce Nuclear. But, apparently it's going up north......whew.
Nuclear waste repository to be located in northern Ontario
The Town of Ignace and Wabigoon Lake Ojibway Nation in Ontario both voted to move forward with the nuclear waste repository project.
As it stands the material isn't spent so expect a recycling facility. It's can be refined again into more 235 and Pu .
It's about an hour from where I live. No doubt it is going to boost the local economy.They were talking about putting that near here, just around the corner from Bruce Nuclear. But, apparently it's going up north......whew.
Nuclear waste repository to be located in northern Ontario
The Town of Ignace and Wabigoon Lake Ojibway Nation in Ontario both voted to move forward with the nuclear waste repository project.www.aptnnews.ca
Being short of workers already I wonder what kind of influx of immigrants will land the good Government of Canada jobs.
I'm interested in the construction aspect.
I see they have a similar project underway in France using containers and a bentonite shield. They may also have a reprocessing facility on the go as well. Hoping to enter service in 2035 so at least Canada can benefit from their experience if we pay attention.They were talking about putting that near here, just around the corner from Bruce Nuclear. But, apparently it's going up north......whew.
Nuclear waste repository to be located in northern Ontario
The Town of Ignace and Wabigoon Lake Ojibway Nation in Ontario both voted to move forward with the nuclear waste repository project.
True has doubled the debt in his time at the helm.
It took 150 years and 12 PMs and then Trudeau doubles that in 9 years.
What an @$$hat.
It took 150 years and 12 PMs and then Trudeau doubles that in 9 years.
What an @$$hat.
Lets face it. There are many ways to lose it all but it sure is frustrating to watch life savings erode away potentially on their way to nothing.
A $1000 investment 6 years ago is now worth $11 during which period the company has doubled it's revenue and is doing well.
It's not a coincidence. It's how banks protect their 20.5 % credit card debt levels.
A $1000 investment 6 years ago is now worth $11 during which period the company has doubled it's revenue and is doing well.
It's not a coincidence. It's how banks protect their 20.5 % credit card debt levels.
