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Carney just appointed Siddal, the “home equity tax” guy:
“Evan Siddall, the former Chief Executive of the Canada Mortgage and Housing Corporation, has been named Chair of Build Canada Homes, the federal government's newest housing agency.
The government cited his housing, institutional finance and governance experience, but made no mention of some of the controversies he was involved in in his former role.
Siddall, who left the federal mortgage insurer in 2021, said on a 2019 podcast that Canadians had "glorified this idea of home ownership" and under his leadership the Corporation spent $450,000 of taxpayer money developing and promoting a home equity tax that would have raised an estimated $5.8 billion a year from homeowners.
The federal government only shelved the proposed tax after a public backlash that included then-Conservative Leader Erin O'Toole calling it outrageous and out of touch.
Siddall told the Commons finance committee in 2021 that tax policy was a matter for Finance Canada and denied advocating the tax.”
https://podcasts.apple.com/ca/podcast/tap-the-maple/id1868455633?i=1000783826657
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Ok, is my thinking off base here? This is from Alberta Institute today and IMO, this is exactly like the federal Liberals sticking their nose into Alberta provincial business. Here, the provincial government is sticking its nose into municipal business.
Don’t get me wrong. I detest bike lanes. They are a huge hazard but…UCP, stick to your lane! (Pun intentional)
Transportation Minister Devin Dreeshen says the provincial government will introduce bike lane legislation when MLAs return to the Legislature in late October, after more than 13,000 people used a provincial website launched last month to identify problem bike lanes. Under the plan, a city wanting to build a new bike lane would have to show evidence that it is needed and will not have negative impacts on the community, and would have to make a case to the Province to keep lanes already in place. Dreeshen says the legislation would give the provincial government authority to demand detailed data on any bike lane, including ...
Well surprise, surprise…NOT. I didn’t know about this and as the author says, probably most Canadians don’t either.
Copied ⬇️
Many Canadians are probably unaware, but this isn’t the first time Prime Minister Mark Carney has taken a crack at creating a sovereign wealth fund; he already tried it while serving as the Bank of England governor two years ago.
The UK government launched the National Wealth Fund in 2024, which was also presented as a sovereign wealth fund and based on a report compiled by the Green Finance Institute, of which Carney was a drafter.
The fund promised to raise three dollars of private investment for every dollar invested using taxpayers’ money. However, after two years in action, the fund’s performance is far from inspiring.
“Two years before selling this model to Canadians, Mark Carney recommended it to the British, who implemented it,” said Bryan Cheang, research fellow at the London School of Economics and senior fellow at the Montreal Economic Institute. “Given the losses...
