An interesting report from Bloomberg following a survey conducted by KPMG of Canadian manufacturers. Keep in mind this is a survey of companies within Canada that do traditional manufacturing of products; this is not a survey of companies that assemble foreign goods for export – there is a substantial difference.
As noted within the report, approximately 10% of Canadian GDP comes from Canadian manufacturing. Within that sector there are multiple companies now planning or considering moving out of Canada into the United States.
Many will claim the trigger for the consideration is based on the potential elimination of the USMCA (CUSMA) trade agreement, and there is truth to that aspect. However, the systemic issues within Canada -including energy policy, regulation and corporate tax burdens- represent the larger problem; the termination of the USMCA is the straw that breaks their back.
The domestic hurdles to manufacturing, are the bigger issues that cannot be negotiated away in U.S-Canada trade agreements. Specifically, the low-price and stable energy policies are the core consistencies that are no longer present in Canada; that fundamental cannot be easily fixed.
BLOOMBERG – […] KPMG Canada said on Tuesday that 42 per cent of Canadian manufacturing companies indicated they have or are considering moving production to the United States. Of those considering relocating, 77 per cent expect to make the transition within the next two years.
[…] the issues go beyond the trade situation though, with Canada needing to create a competitive environment for manufacturers to grow.
“This survey clearly shows that manufacturers need to feel more comfortable and see some action from the government in order to continue to produce and invest and grow in Canada,” she said.
“Some of the key factors that companies have cited are more certainty around interprovincial trade barriers, they need more tariff certainty, they want to see lower corporate taxes, they want better access to capital and cheaper energy.”
The survey also found 57 per cent of manufacturing firms have paused, reduced or cancelled capital investment projects. Thirty-six per cent said they have scaled back investments, 12 per cent have paused their plans and nine per cent have cancelled planned spending. (read more)
This survey is further evidence of the scale of leverage President Trump and USTR Jamieson Greer carry toward the Canadian trade negotiations. Quite simply, despite their unwillingness to accept reality – Canada is economically dependent on the United States as the customer for any export.
Without the USMCA (CUSMA) trade agreement Canada is structurally incapable of economic growth.
AWESOME !!!
All I can say is, “Welcome in… welcome in… welcome in!”
©️ Baron Coleman
I’ll allow it.
As long as they leave their leftist thinking employees behind. No thank you.
Maybe we can block immigration of liberal Eastern & Western coast Canadians. It’s a thought.
IALTO!
©️ Common Man KFAN
But keep your Liberals in Canada.
All dogs eventually get fleas
Just don’t bring your socialist ideas. Leave those north of the border. Realize they are the source of your problems.
And DO YOUR DUE DILIGENCE!!!
Not all states are the same.
Not California
Not Oregon
Not NY
Not New Jersey
Not Illinois
Not Washington State
Not ANY State with entrenched Democrat governance
Forewarned is forearmed…Or else these companies will be jumping from their own frying pan into a blazing hot fire.
Ain’t that he truth!
Add Maine to that list!
Canadian companies manufacturing products in the US to sell to US consumers? Sounds like a win/win to me.
Winning
The US has a stable energy network but the costs of power generation have increased substantially for the consumer in the past 5 years.
This is a major underlying issue that isn’t getting the attention it deserves, but it’s really eating into the monthly budget of your average American, myself included.
And how is the explosion of new AI centers across the country going to impact the consumer pocketbook?
Good question, as yet unanswered.
They already hide the huge amounts of fresh water they use.
Why do they need specifically fresh water? Wouldn’t any old water work equally well for cooling purposes?
Fresh water as in not salt water.
Contaminants leave minerals, film and gunk in the piping. Same reason we use distilled water in steam irons, water softener, to prevent calcification and other types of impurities that build up, restrict flow, render equipment inoperable.
That said, the Data Centers are developing better water recycling systems, so they are trying to mitigate water usage.
That said, the greatest threat from AI Data Centers isn’t environmental, though that’s what the lefties are grabbing onto, what the news is reporting. It’s the 24/7 all-seeing surveillance eye of police state, social credit system dystopia it is being built for. As Larry Ellison boasted, to “make people behave.”
THAT is a far bigger threat than even expensive electricity and water rationing.
So your suggesting they will filter.the water and return it cleaner then they received it. OR are they stripping all the minerals.out of it hmmmm??
Data Centers everywhere and Flock cameras are setting us up for the NWO.
Yes, grey water for instance?
Language is important in narrative soon it will be virgen water
I’ll give you some rough numbers….
Just one of Google’s planned sites needs 600mw of new power plants.
The Shearon Harris nuclear plant near Raleigh. NC supplies power to most of central NC is 900mw. It uses a 523-foot tower for cooling, and requires a good sized lake to absorb the heat, to cover replacement water, shutdown and emergency cooling.
But then, the data centers need even more water cooling because they waste a good portion of that generated electricity as heat which also need a lake for cooling the computing equipment,
This is a big hot BigTech mess. Be certain we will be paying for it.
So here is what’s used to cool a 900mw power plant. Big tech is gonna need hundreds of them.
4,100 acre Harris Lake.
They use Glycol in closed loop chiller systems. No water.
Air cooled chillers would be impractical to scale up for data center that consume 100’s of megawatts of electric power. Water cooling is needed.
water water water. canada is awash in fresh water.
New technologies are mitigating water usage. Most of the water is recycled, and alternative cooling methods emerging, Here’s one https://iceboxenergy.com/
Many are building theircpwn power resources, and may ultimately be selling power back to public utilities.
I’m not a fan of data centers per se, but I recognize that falling behind in the AI race and chip technologies would be a worse outcome.
I’m not trying to be a dick but do you care to explain how AI is going to change the world or why it’s so great? I hear this all the time but, have yet to hear a compelling case.
Your name is Dicky but you are not trying to be a dick? If your name is Dicky, I’d say go ahead.
I don’t know if it will change the world, but but as a software engineer, we are using it probably the most.
Writing code is part creative and fun, and part menial drudge work. It can do the drudge work well, and I can be more productive using it.
I’m also wondering does AI ever create anything new? It seems involved in training on current sources and being able to utilize that on questions asked or tasks given. Is it limited by the input?
For example, could AI derive calculus based on only first principles?
“does AI create anything new? ”
I think the answer is in how you define terms.
AI is being used in math and physics research, but so far I think a human is still directing the AI. It is not just thinking after the humans go home and it will come up with new physics over the weekend.
I use it to write software. The LLMs that are the shiny new thing right now have been trained on hundreds of billions of lines of existing code. They know most computer languages and with a little prompting can write code that does what you want it to do. And it isn’t like a search engine. It isn’t that if it can’t find an exact match in the hundreds of billions of lines that it has studied, it can’t write the code. It can derive what to write based upon its training and the boundaries I give it. So is the AI creating something new? I would say yes, but it needs direction.
To me AI just another computer that SOMEBODY had to put info IN so what you get out all pertains to the person that put that info in. Same old, crap in crap out?
Yes, it still boils down to that.
AI and quantum computing will dominate your life in less than a decade, whether you want it to or not, and whether you consider it “great” or not.
Accepting that premise, would you like China or our Muslim “friemds” to control/dominate the field, or the US?
Watch the All In Podcast, follow interviews with Elon, Huang, other tech visionaries.
This is a twit acct with some interesting philosophical insights
https://nitter.poast.org/r0ck3t23
Example from today:
Elon Musk just said what every government on earth already knows and none will admit.
Musk: “AI is moving 10 times faster than government, maybe more.”
Not slightly faster. Ten times. And the gap compounds daily.
Every institution ever built runs on the same architecture. Committees. Hearings. Drafts. Amendments. Votes.
A process designed for a world that moved at the speed of human debate.
That world is gone.
The only thing I have seen consistent for far too long was that scientific advancements have outstripped the ability of many people to use it ethically.
To much of doing something just because it could be done, over whether or not it should have been done.
Humanity is sorely lacking in the spiritual development to match our technological capabilities.
Correct. AI could well be 666.
Musk and the other Big Tech oligarchs do not intend for us to have a streamlined government – they intend to be the government.
Hence Larry Ellison, “you will be made to behave”.
“would you like China or our Muslim “friemds” to control/dominate the field, or the US?”
BigTech oligarchs’ loyalty is to their globalist masters who send them trillions. America is their operating platform. They do not give a damn about liberty or America.
The gloablists’ agenda is and always will be depopulation.
The only way the Chinese will dominate is by stealing the existing tech from another, the Muslims…..you have a great sense of humor.
SD posted an article last week about Jensen Huang and it was not complimentary.
Seems like we all survived and got along just fine without it. I’m too old to really give a $h!t anymore!
” do you care to explain how AI is going to change the world”
It is centralized state-controlled surrveleince, centralized digital currency, psy-ops, indoctrination, and social control/monitoring of populations. . Plain and simple.
Orwell himself could nevet have fathomed what the BigTech oligarchs have in store for their human herds.
But God foresaw it all and wrote it down for us in the Bible.
It will drastically speed up drug discovery and allow drugs personalized to people. It will also let companies that make expensive things save a fortune on prototypes for products.
Like the way Moderna developed the COVID vaccine in about a month?
One does not need a 100 megawatt AI/data center to develop a prototype. 3D cad apps with AI algorithms run easily on a laptop.
I’ve noticed here in MI the data centers are all proposed near large bodies of fresh water.
Lots of them here in Phoenix metro…..not near water🙂
Your aquifer will drain that much quicker.
Where is it draining to
My toilet drainsnto my backyard septic tank i don’t drink that water but I do drink my grandpa’s septic tank what do people not get about the difference between using and consuming
And do what with it let it evaporate and return as rain tanker it out of the river and put it back cooling does not use water it uses the temperature differential. Stand in the rain you will get cold and wet how much water did you “use”
???
I read a recent article saying Golf courses use more water. Here’s a link to articles covering my query.
Do golf courses use more, less, or the same amount of water type and water amount as AI Data centers?
https://duckduckgo.com/?q=Do+golf+courses+use+more+or+less+or+the+same+amount+of+water+type+and+water+amount+as+AI+Data+centers%3F&t=chromentp&ia=web
Hope they’ve not started to tap into the Great Lakes! Four of the five are on the border! Lake Erie has been cleaned up of the stench and pollution I remember as a young lad. The Canadian Soldier fly hatch has yet to return in numbers I remember. That is a slow process!
Oh, I think we know and it ain’t good. That’s why all negotiations are under NDAs until they’re too far along for us little people to stop.
Significantly….look at PJM’s Locational Marginal Pricing on its landing page. During higher demand days/times, you’ll see that area with a large datacenter footprint, fetch significantly higher pricing than those with smaller footprints.
Well, that depends on whether you believe the CCP propaganda on data centers or reality. The CCP is pushing anti-data center propaganda hard in the US, all while they are pushing for faster, more robust development. Why? Because it’s the new Cold War, whether people want to accept it or not.
Are some of these data center companies nefarious, of course; however, that’s no different from any technology/manufacturing change throughout history.
There’s a reason the smart ones are spending a lot on new (really modernized old) nuclear technology, while President Trump has three EOs specifically driving NRC changes and streamlining nuclear development. Additionally, many of these data center companies are spending hundreds of millions on infrastructure upgrades (i.e., grid and transmission).
People point to the cooling water… It’s once-through cooling; it doesn’t “use up” the water as people claim. That’s not how once through works.
Now, with all that said, the development, deployment, and management need to be carried out carefully. I also understand why people are skeptical.
To the water point, some keep bringing up…
That’s exactly why I mentioned once-through cooling. A huge chunk of the “data center water use” people scream about isn’t even from the data centers themselves; it’s indirect, from the power plants generating the electricity those centers run on.
Once-through systems (very common in nuclear and many thermal plants) draw water, run it through to cool, then return most of it to the river or lake. It doesn’t “use up” the water like the headlines claim. Yeah, there’s some thermal discharge and minor evaporation, but the water isn’t consumed the way evaporative cooling towers do it.
People conflate withdrawal with consumption and then slap it all on the data centers. That’s the sloppy part of the argument. Still, like I said before, do it right, do the upgrades, use the modern nuclear push, and don’t screw over the locals on the grid side. Skepticism makes sense when the messaging is this sloppy.
Most, if not all; social media and AI, “slop” is the definition of low-effort, AI-generated, or algorithmically optimized content designed to manipulate engagement rather than provide value.
This usage frames such content as a “narrative” or product that is hollow, dishonest, and often used for misinformation or grift, distinct from the health campaign’s positive intent. Hence the water point narrative.
Slop, slip .. if that does not work, slide it through any which way for it to stick?
Spot on and the Chineese promoted green requirements for us Ignored them for their production sold us the tools of our high prices and will cell you the carbon credits for the junk they built. No wonder they can sell under cost
The Rankine Cycle is a good reference for what much of that water is used for.
That water would be run through a heat exchanger setup to remove waste heat out of the working fluid going through the condenser.
With anything cooled with water there’s evaporation. Will it rain directly into the body of water they’re taking the water from, or will Saudi Arabia start getting rained on more frequently?
And we have tge first fooled fool; reread what I wrote.
Not as much as the note we are toting on all the windmills
“And how is the explosion of new AI centers across the country going to impact the consumer pocketbook?”
There is no business case for AI. It is a multi trillion dollar cost. It is on track to rapidly be using more power than the manufacturing sector. The money is coming from somewhere – from those who produce.
Here in NC the same old “non-profit” and other carpetbaggers are advertising heavily, telling us how swell data centers are gonna be.
“Swell” 🤮
Which explosion is that? Something you read about online? We do not have any Data Centers where I live and none planned
What happened to all of the consumer watchdogs?
I forget what website I was perusing, yesterday, but there are ‘issues’ in the background, as the idea of ‘surge pricing’ is coming up again.
Here is one issue with a data center in WY.
No one can convince me these are for our own good. Nope.
https://www.wyomingnews.com/news/local_news/cheyenne-bopu-traces-rare-bacteria-discharge-to-meta-data-center-contractor/article_1c538467-06ec-427d-9a6f-33797cd3c6ce.html
HAHAHAHAHA!!!!! 🤣🤣🤣
Stupid solar and wind is the cause
Not to mention organizations like Regional Greenhouse Gas Initiative (RGGI) running the cap and trade scam for CO2 emissions.
Virginia’s new governor is inflicting it on the state.
Every city used to generate it’s own electricity locally. We need to get back to a model where cities are again generating most of their own power and sending excess into the grid, not drawing all of their electricity from it. Every large city should have a small safe MSR reactor to increase resilience and reduce costs.
Anti-fragility.
This is just coming unto its own, having solved a number of materials issues the past few years:
https://brilliantlightpower.com/pdf/Brilliant_Light_Power_Summary.pdf
This will supplant nuclear, as nuclear has insurmountable problems when attempting to locate in residential areas and business parks.
This hydrino is cargo cult science. To say nothing of the inventor having a rather lengthy reputation.
re: “This hydrino is”
Take it up with higher authorities, like Prof. Hagen of Delft University of Technology (IOW, YOU don’t know what the h3ll you’re talking about.)
THEN see: “Electron paramagnetic resonance proof for the existence of molecular hydrino”
https://pure.tudelft.nl/ws/portalfiles/portal/126823930/1_s2.0_S0360319922022406_main.pdf
This thing has been studied to death (practically.) And you have NO basis for any other claims.
Going to slander me whilst knowing next to nothing about me, classy.
Believe what you will, but I have better things to do than continue arguing with you.
Here, this is more ‘your speed’ – an ACTUAL fraudster (IOW you would not know FRAUD until it took a bite out of your arse)
#Dennis Danzik and the Earth Engine
“IEC Earth Engine”
Richard Ethington “Richard K Ethington Former Board Member, Quantum Energy Inc” William Hinz
https://fraudcraftjournal.wordpress.com/2025/08/30/complaint-to-sec-against-inductance-energy-corp-quantum-energy-inc-flooidcx-corp-and-dennis-danzik/
Also a long thread on: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175327780
re: “To say nothing of the inventor having a rather lengthy reputation.”
Poster obviously conflates, confuses, doesn’t know the difference between one Dr. Randell Mills with Mr. Andrea Rossi and Rossi’s “E-Cat” device.
The two are NOT the same.
Ok Mule. But as for me. I am still not concerned
Canada’s energy infrastructure may not in good shape. Lose power in our rural vacation spot over the border and it could be a few hours or a week (like last week) before HydroOne fixes it and the lights come back on. Extra pain when water depends on an electric pump and there’s a macerator toilet due to Canada essentially barring traditional septic system replacements ($60k in permits alone).
These are ecopolicies at work and they hurt regular people, not just in the pocketbook but in everyday life. This is Green Fascism. I live in Upstate NY and the same thing is happening—the highest electric bills yet combined with a sense of creeping unreliability on purpose.
Yeah but you are saving the planet. /a
regulatory redistribution.
Their electric bills with necessarily skyrocket.
– 0bama
Your State PUC will get right on it.
ROFLOL!!!
True that. The same guys that are on County Commission and my HOA. Like a butcher with his thumb on the scale. They can’t steal fast enough.
My electric bill for my 5000 sq ft office is right around $1000/month as it was 20 years ago, in the Houston area. But I’ve read this argument before. In what states is power becoming more expensive?
New England States are the majority of those at the top of the list.
For reference Maine electric rates are something in the neighborhood of $0.27-$0.32 per kWh.
The Regional Greenhouse Gas Initiative (RGGI) is much of the reason alongside all the other “green” energy mandates. Case in point is New York with their requirements for 100% dispatchable clean energy (doesn’t exist) before 2035(?) or so. That is if it was not already scuttled or modified.
Michigan but we are still building shiny new wind generators so that will fix it/s
Minnesota. My bills have never gone down. Even after buying all new LED lights and star branded appliances. Prices have doubled in last 10 years. 2 coal plants decommissioned.
IL, the same.
What I want to know is this…regarding electricity, and the major provider in IL…what did Madigan know and when did he know it?
He is spending time at Club Fed for racketeering etc with Commonwealth Edison.
“A jury convicted the ex-speaker on 10 of the 23 counts, acquitted him on seven and deadlocked on another six, including the feds’ marquee racketeering charge.”
https://capitolnewsillinois.com/news/ex-speaker-madigan-reports-to-west-virginia-prison-to-begin-7-%C2%BD-year-sentence/
Get your state to pass a bill to end data centers from passing costs down to ratepayers (you and all your neighbors) and have higher rates for these info centers to offset any higher cost to everyday ratepayers (you and the neighbors). It is probably the best we can do, it will happen anyway. Just make them pay for it!
Then make it well known to the politicos, that you are not real happy with paying more to have these centers spying on you 24/7/365, because that is what they are for.
Plus let them know they maybe gone for allowing it to happen in the first place!
I wish Trump would really try and push a massive build of coal nuclear and anything else we can use to create cheep energy costs.
Try and get a lot of the energy companies to build as fast as possible.
Ouch! Not surpised though! Shouldn’t have painted yourselves in a corner.
And, as it all falls apart in Canada, the good ole USA is going to be Carney’s scapegoat once again. The question then becomes; how long can they keep going down this path of systemic destruction and what harmful effects will that have on our country?
Fair question. It is a fright. Read “WALL Street and the Bolshevik Revolution ” by Antony Sutton. Then you will see how we all got here.
Personally, I’m more concerned with the CCP being on our northern border!
Well ask that question of Cuba and Venezuela. One thing about Communists , they keep doubling down on the same policies. Insanity do the same thing over and expecting different results.
Wait until these WEF Canadian carpetbaggers pass laws to prevent businesses from moving to the U.S.
I am assuming an exit tax is coming
💯 🎯 As always!
One lesser-known factor that exacerbates this situation is that some of these manufacturers can face stiffer barriers to inter-Provincial trade within Canada, if that’s also their market. So it may actually end up being cheaper for them to export into Canada from the US. 🤪
Huh?
But Frosty, when I ask Grok about this it tells me:
“Inter-Provincial Tariffs and Trade in Canada:
Canada’s Constitution (specifically provisions under the Constitution Act, 1867) prohibits provinces and territories from imposing tariffs or customs duties on goods moving between them. There are no formal inter-provincial tariffs.”
True dat. But all these barriers are cunningly named “non-tariff barriers (NTBs)”. 🤯
Ask Grok about NTBs instead and you get:
“Persistent barriers are almost entirely non-tariff barriers (NTBs), often equivalent in economic effect to tariffs of 7-21% (or higher for services) depending on the study. These raise costs, reduce competition, and fragment the market. Estimates suggest full removal could boost GDP by up to $200 billion (roughly 7-8% or more in productivity gains) and lower consumer prices by 7-15%.
Major Types and Examples of Inter-Provincial NTBs
Regulatory/Technical Differences: Varying product standards, labelling, packaging, vehicle weights/dimensions (impacting trucking), safety certifications, and construction codes. Businesses may need province-specific versions or re-testing.
Professional Licensing and Labour Mobility: Workers (e.g., trades, health professionals, teachers) often need re-certification or additional training when moving provinces. Recent mutual recognition efforts aim to address this.
Procurement Preferences: “Buy local” or preferential rules for government contracts (many federal exceptions removed, but provincial ones remain in some cases).
Sector-Specific Restrictions:
Alcohol: Provincial liquor control boards often restrict direct-to-consumer shipments across provinces (e.g., wine from one province to another).
Agriculture and Supply Management: Quotas, marketing boards for dairy, poultry, eggs; varying standards for food products.
Transportation/Trucking: Differing rules add costs (e.g., ~8% to freight).
Other: Differences in business registration, environmental rules, energy, fisheries, and more. Exemptions still exist in CFTA for areas like culture, public safety, Indigenous rights, and some resource management.
These NTBs are hard to list exhaustively because they stem from thousands of regulations across jurisdictions rather than a single tariff schedule. Progress continues via the Committee on Internal Trade, but full harmonization remains incomplete, especially for food, alcohol, and certain services.”
And yes, Carnage pledged to remove all these barriers at record speed before he was “elected”. Guess how many are gone so far… 😉
🤮 😡
We have these in the United States. PA still has a liquor control board and a Milk Board keeping our prices higher.
Didn’t know that, thanks PW. 👍 And sorry to hear it.
Canada dumps around 600,000 US Gallons of fresh milk daily under our ludicrous scheme. 😭 😡
Make Vermont Maple Syrup great again.
The PA Milk Board sets a floor for the wholesale and retail prices of milk in the Commonwealth. The state is divided into 6 marketing areas centered around the 67 counties. I live in Area 2 (Berks, Lehigh, Northampton Counties), the current minimum retail prices per gallon in this area are $4.78 (whole); $4.62 (2%); $4.50 (1%) and $4.40 (skim). These price are set monthly. I have been to some independent small convenience and grocery stores in my area that are charging $6 to $7 for a gallon of whole milk. Larger convenience store chains and supermarkets usually sell milk at the state minimum price.
Agree, yet many folks seemingly of sound mind have severe TDS, and will continue to ignore the obvious.
So many lesson’s have been learned over the years.
None maybe more pertinent than “”you can’t fix stupid”
🎯 💯
Yet the conundrum seems to be that so many people I once thought of as intelligent are so easily duped, and have the street cred of baby rabbits. 🤔
God bless you and your family Dekester!
Carney made multiple fatal mistakes to the detriment of Canada throughout a wide-ranging strings of interconnected sectors, industry, economy, business, currency, banking, job, etc – some with permanent damages.
💯 🎯
Fatal for Canada but they all translate into Brookfield’s future success, and in turn enable his billionaire goal, via his carried interest agreements with Brookfield Global Transition Funds 1 and 2.
Full details of his sprawling global web o’ grift at the Moosechart here:
https://miro.com/app/board/uXjVJHS5Gx0=/
Brookfield’s gain/success and Carney and the tax havens profiting?
Brookfield’s Global Transition Funds 1 and 2 enables his billionaire goal how does that benefit Canada systemic issues within Canada’s energy policy, regulation and corporate tax burdens with termination of USMCA and CUSMA?
Reports indicate that Mark Carney co-chaired these funds, which were registered in Bermuda, a jurisdiction identified as a tax haven. Critics, including Conservative MP Michael Barrett and NDP Leader Jagmeet Singh, argued that this structure allowed investors to avoid paying taxes in Canada, resulting in lost revenue for public services like healthcare.
Carney defended the structure by stating it was designed to benefit Canadian pension funds, such as the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan, by avoiding multiple layers of taxation. He asserted that taxes are ultimately paid in Canada through the flow-through of funds to Canadian entities. Brookfield Asset Management stated it complied with all tax rules and noted that jurisdictions globally offer incentives for investments in sectors like renewable energy.
How do Brookfield funds impact Canada’s carbon tax revenue?
The Brookfield Global Transition Funds co-chaired by Mark Carney do not directly reduce Canada’s carbon tax revenue, as carbon pricing and corporate income tax are separate fiscal mechanisms.
However, the funds’ offshore structure in Bermuda has sparked significant debate regarding the erosion of Canada’s broader corporate tax base, which undermines the government’s capacity to fund climate initiatives and public services.
Impact on Corporate Tax vs. Carbon Tax
The primary controversy surrounding the Brookfield Global Transition Fund I and Brookfield Global Transition Fund II relates to corporate income tax avoidance, not the direct collection of carbon levies.
Corporate Tax Avoidance Allegations: Investigations estimate that Brookfield’s use of Bermuda and other tax havens allowed it to avoid paying approximately $5.3 billion CAD in Canadian corporate taxes between 2021 and 2024.
Critics, including the NDP and Conservative Party, argue this deprives the federal treasury of revenue needed for healthcare and green transitions.
Carbon Tax Revenue Context: Canada’s federal carbon tax revenue operates independently. In the 2025–2026 fiscal period, the federal government reported a $3.8 billion drop in taxes on goods and services following the abolition of the consumer carbon tax on April 1, 2025.
This loss is unrelated to Brookfield’s investment structures but contributes to the same fiscal deficit that corporate tax avoidance allegedly exacerbates.
Carney defended the funds’ structure, stating it was designed to prevent double taxation and maximize returns for Canadian pension plans (e.g., Caisse de dépôt et placement du Québec), asserting that taxes are ultimately paid when funds flow to Canadian beneficiaries.
Conversely, tax experts note that booking profits in zero-tax jurisdictions like Bermuda eliminates the corporate tax “backstop,” deferring or eliminating tax payments entirely for long periods.
Systemic Implications for Energy Policy
The existence of these funds highlights tensions in Canada’s energy and fiscal policy:
Incentivizing Green Investment vs. Tax Fairness: The funds were created to finance the transition to a net-zero economy. However, their reliance on tax havens contradicts political rhetoric about ensuring the wealthy and corporations pay their “fair share” to fund climate action.
Regulatory Arbitrage: The structure exploits gaps in international tax law, allowing massive capital pools to operate with minimal Canadian tax liability despite investing in global (and sometimes Canadian) energy assets. This has led to calls for stricter anti-avoidance rules and the closure of loopholes used by large asset managers.
If $15 billion is sitting on the table for a cash-strapped federal government, and Canadians broadly agree it should be recovered, why hasn’t it been?
Annual Revenue Loss: According to a July 2025 report by Canadians for Tax Fairness (C4TF), Canada loses approximately $15 billion per year.
This figure comprises $12.3 billion from multinational corporations shifting profits and $2.8 billion from hidden private wealth.
Historical Highs: The Parliamentary Budget Officer (PBO) has previously estimated losses could reach as high as $25 billion annually (approximately $30 billion in 2026 dollars).
Surge in Offshore Assets: The total value of Canadian assets held in tax havens reached $682 billion in 2024, representing a 165% increase since 2014.
Corporate Impact and Major Contributors
The burden of this revenue loss falls heavily on corporate tax avoidance:
TSX 60 Corporations: At least 46 of the 60 largest companies listed on the Toronto Stock Exchange maintain subsidiaries in tax havens. In 2024 alone, these 46 corporations avoided paying an estimated $7 billion in taxes by booking profits in foreign jurisdictions.
Brookfield Asset Management: Brookfield Asset Management has been identified as a primary contributor to this gap. Reports indicate the firm avoided approximately $5.3 billion CAD in Canadian taxes between 2021 and 2024 through its offshore structures, particularly in Bermuda.
Fiscal Implications
The scale of lost revenue has direct consequences for public funding:
Program Funding: The $15 billion lost annually is sufficient to fully fund both the Canadian Dental Care Program and a universal national pharmacare program.
Deficit Pressure: These losses exacerbate federal and provincial deficits, forcing governments to either cut services, increase debt, or raise taxes on other sectors to compensate for the missing revenue.
Canadians for Tax Fairness report 2025 tax havens
https://www.taxfairness.ca/en/resources/news-views/canadas-hidden-tax-crisis-stripping-15-billion-economy-every-year
Canada’s conservatives on Carney – latest news link
https://www.conservative.ca/one-year-failing-to-deliver-us-deal-after-cusma-non-renewal/
💯 🎯 Outstanding levels of detail! As you may ave guessed, I have about 1% of your knowledge of such matters. 😉
One thing I did notice is that Brookfield’s MO seems to be finding ways to have tax payers and large pension funds carry the burden of risk on this huge investments, while ring-fencing the majority of the cash flow and profits for themselves.
There’s a slew of Carney Lies – Sneaky Carney, that is
https://miro.com/app/board/uXjVJHS5Gx0=/
👍 💯 I view and share the Moosechart often too! 😉
And now here’s Carney bringing Canadian pension funds to Saudi to invest in projects he and Brookfield will benefit from:
And just coincidentally Bruce Flatt is around the corner in Kuwait. 🤔
Thank you. I can’t post everything on this creep. Anyways, people can find anything they want and fact check sources and reliability to decide for themselves.
Brookfield of course do not disclose who’s who, who’s doing what’s what – naturally. the Canadian Tax Fairness report has a large library and all latest news. It takes zooming in on what you are looking for to find it but it is out there.
Glad you find it all useful.
Poor majority of normal Canadians.
Thank you. Hopefully this would reach good hardworking Canadians who don’t have any idea what this Snake is doing to them
Some Canadians may die, but that is a sacrifice that he is willing to make.
The Canadians death, or any other people’s death is not Carney’s personal sacrifice.
Would he remove himself off the political stage, confess to all his sneaky dealings, lies and causing hardships? Would he knowingly, willingly choose to suffer loss of position, home, indignation, perhaps abuse from victims or the public at large, go to jail, etc ..?
A personal atonement? For misusing his position?
Political wrongdoing requires retribution even in a lawless political environment.
If laws don’t bring anyone who went above the law; to justice, corruption rules and festers.
It was a bit of dark humor.
I have seen little evidence to the contrary of Carney caring at all of what happens to the common Canadian.
So long as he meets his goals, the numbers of victims are irrelevant to him. He aims to be a billionaire and leaving millions destitute or dead is not going to get in his way.
I got it. Thank you. Carney, another out of countless politicians globally who have no compunction to sell out those they rule.
Kind of like how our Uniparty feels about us?
Indeed.
First hubris, then nemesis.
As always with despot wannabes.
more certainty around interprovincial trade barriers,
Yes, the provinces tariff each others goods and long before Trump.
It’s why one of the first things Communist countries do, when they get into power, is to restrict all internal and external movement. They can’t survive otherwise.
But but but Carnage is making a bank with Zelensky (or is it making bank?) and that will change everything for Canada.
And sharing a bunk?
Definitely making bank
Canada reaping what they sowed?
Great, in a couple of decades we’ll be partly able to overcome the massive shift of almost everything to China by Wall Street via the (bought) fedgov that allowed them to do that. By partly I mean that the vast majority of Walmart variety items won’t be returning, nor will the vast majority of critical items like generic pharmaceuticals, strategic minerals (our environmental requirements – we can’t just dump stuff in rivers), etc. And, of course, to be even remotely price competitive everything will need to be automated.
And now, after the ignored warnings from many about building up China with Wall Street funding and IP transfer/theft, we suddenly find that they’re a hegemonic adversary which requires a $1.5 TRILLION dollar military budget while we are forced to continue to fund their rise by buying things no longer made here.
The perfect self-licking MIC ice cream cone… until the ultimate confrontation.
Lenin was right as told in the commie adage heard in various forms that is the basic message of a much longer quote from him: “A capitalist will sell you the rope you hang him with” to which I will add “when bought government doesn’t restrain him from doing so” by countering a fundamental flaw of capitalism: short term profit seeking without foresight.
More than a few of my friends and coworkers over the years have sometimes darkly joked that (White) Canadians should take the “Indigenous Rights Activists” at their word and pull up stakes for Europe…while taking all of our infrastructure with us. Taking this news into consideration, it actually looks as though a variation of that scenario could come to pass, after a fashion.
On a slightly different note, Moose on the Loose on X is suggesting that Brookfield interests will drive Mark Carney to try and get the Zaporizhzhia nuclear power plant back under Zelensky’s control.
Ha ha. Carney, Zelensky, the UK and the EU are fronting rotting, institutionally captured edifices.
In my opinion, the Zapororizhia nuclear power plant will never leave Russian Federation control again.
That kinda conflicts with Ukraine firing missiles at it tho.
Canada will become a bigger version of NYC, but who is there to bail them out?
We could be there to pick up the pieces.( AB and SK)
Like the price is right says:
Come on down! 😂
“I. Drink. Your. Milkshake! I drink it up!”
Touché!
Excellent movie!
The Canadians can easily come and live, work, setup a business, get medical care, own real estate, etc.
As a US citizen try to buy a business in Canada or work in Canada. Nope cannot buy control of a business without government approval.
I do not mind people coming to the US to live/work/prosper but whatever they can do in the US we must be able to do in Canada or the relationship is an abusive one.
Equal treatment is all I want. Canada will not grant equal treatment.
Canaduh is not a democracy; it’s not even a theocracy or monarchy. It’s a full-blown socialist/communist state. I like how people are pretending otherwise. 😂
And it was all done intentionally. These people are truly sick.
As an aside, if we do manage to leave Canada we are hit with a Departure Tax where any assets we own are deemed to have been sold on the day of departure and Capital Gains Taxes are levied immediately.
Then today. I watched this explanation of the Carney/Brookfield grand plan –
https://x.com/vesperdigital/status/2059071504961130805?s=20 ( nine minutes)
I am almost falling into a slough of despair !! We have to get this country on the right tracks but given our supine citizens,
HOW?
Sell EVERYTHING you own.
Their Olympic hockey teams suck too.
Come on in, Canadian manufacturers.
The water is warmer here.
But they must leave their Speedos north of the border.
Those crazy striped speedos from Quebec.
Bad beach memories from the late 1960s.
It’s that damned Europhilia that affects Canadians like a virus. We can’t look like Americans so we must buy mankinis and wear them whilst paddleboarding even though we are 90 years old. Elbows up!
My family used to vacation in Wildwood NJ during the 1970s. Many Quebecois would make the 12 to 14 hour drive to the Wildwoods. There is nothing like seeing a middle – aged hirsute potbellied man wearing a Speedo. It made one want to say “check out the wooly mammoth wearing a rubber band”. 😄
Anyone confused about socialism or communism just needs to look at how people and businesses vote with their feet.
Canada may build the northern wall themselves.
Not if, will.
They have to build walls to keep the people from escaping.
The
BerlinCanadian WallThat’s a safe bet.
God bless any and all Canadians-and Canadian manufacturers-who want to relocate to the United States. You will be welcomed with open arms.
Unless……you try to bring your socialist/Communist ways with you. Canadian Globalist Communists (AKA Snow Mexicans) are most certainly NOT welcome in America. Stay in Canada and watch your country die.
All others are welcome to become liberty loving Americans supporting our constitutional republic. May God bless you!
Canada operates one of the most protectionist economies in the world and criticizes the US for doing so
Ohhhh! THAT’S gonna hurt, big time!
Canada is lost! They really have no direction. The globalist’s really do not care one whit about 40 million Canadians. Its all about TDS period…
Why do you think they installed Carney, Canada!
Well, I mean look at it from their perspective. In addition to all the perks of the USMCA trade agreement being canned; they’ll be forced to try and eek their energy out of wind mills while paying half of their revenue back to the Canadian government to redistribute amongst the vast population of 1st, 2nd, and 3rd generation immigrants that live on social services. If they say anything, they’ll be roundly criticized in the state controlled media and fined. Why the hell would they stay?
What they aren’t comprehending; however, is the greed of the grifters called U.S. politicians who work for the 1% that want to own their shares too, lol. Out of the kettle, and into the frying pan.
“We fixed the glitch..”
If Vivek Ramaswamy wins Ohio’s Gov slot, he will turn Ohio into a business magnet to compete with TX and FL.
The advantage of OH is the State’s centralized proximity to all the major metro centers east of the Mississippi.
If Amy Anton win, then . . .
Ramaswamy is one of the Boys from Wallstreet.
But who will fund socialism? Asking for Obama.
Oh! But they’re going to buy a fleet of submarines! Hahahaha.
I call the Ottawa disconnect from reality, The Marie Antoinette Syndrome, named after the queen who, when told her people had no bread to eat said, “Let them eat cake!” Similarly, when Canadian manufacturers complain to their government that the cost of diesel and gas is skyrocketing, their government says, “Let them burn algae!”
What Carney and his minions don’t realize is that the shite has already hit the fan…it’s when they try to turn the fan on they will find out!
I don’t miss your point, but that cake thing was a centuries old joke before MA was born, usually told in reference to princesses.
Never happened, and MA was keenly aware of and sympathetic to her suffering people. She had no control over the bad weather or poor harvests and they were selling the gold off the walls to keep the Crown and Country from falling into complete chaos. Didn’t help in the long run.
Chances the Iran BS is being orchestrated by five eyes to impede the US agenda?
It seems Iran is playing dumb with the peace deals, rebuilding, then kicking off attacks in the Strait under false pretense…. Just stringing along a conflict they can not win until midterms.
Mocking Bird Media happy to play dumb along with the IRGC and Five Eyes as to what is actually going on… or to be clear, in implied and obvious support for the IRGC that murdered 10s of thousands of its own citizens (Bernie Bros approved so long as they get to pretend to be above it all -“End this War”)
We must work and we must pray that after Trump‘s presidency ends we elect a like-minded president, not another Biden or Obama that will surely try to undo and destroy everything that President Trump has accomplished for our country.
Boycott Canada
Why? Canada buys almost $1 trillion worth of products from the U.S. each year and far more than any other country. In fact, Canadians buy much more from us, per capita, than Americans buy from Canada.
Hope Soapworks moves to the U.S.
Love their products and for a while they couldn’t ship to the U.S. due to some trade tarrif tiff going on last year and Canada imposed some new paperwork hurdles to ship to the U.S. Glad that wasfinally resolved but shows having a small facility on the U.S. side of the border would be nice.
Your post made me smile Bessie. We each have our niche Canadian products we like: you soap, me their rock music.
But you can’t support a population on niche products that you need to export to sell. I hope for the makers of your soap and my rock stars that they find a solution for our continued enjoyment!
Rush, Triumph, Anvil, Bachman Turner Overdrive, Guess Who, The Band, Steppenwolf… but not Loverboy, Nickelback, Chilliwack.
KPMG Canada said on Tuesday that 42 per cent of Canadian manufacturing companies indicated they have or are considering moving production to the United States.
Any sensible government would view this report with alarm, if not dread. But, with managed decline being the overarching goal, I expect this will be celebrated by Carney and his like-minded Marxist religious zealots. They want a de-industrialized Canada, with its subjects living in tepees and drinking out of the same streams that they pi$$ in.
To quote a phrase, “… mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed …”
But, woe betide the tyrants responsible for that suffering, when the people decide that they have had enough! Canadian industry clearly have had enough. Once those jobs are gone, can the people be far behind?
That fine, just leave your retarded liberal baggage north of the border !!
So, Blarney’s hoping the EU can rescue them, eh?
😳
Maybe a lot of those people moving from Ontario will settle in Detroit and bring the population back to what it once was?
Toronto South.
If they do move to Detroit they better bring their bulletproof vests with them. My family is from Buffalo and they always said how safe and clean the Canadian side of the border was compared to Buffalo and Niagara. There’s a reason why!
CARNEY is in Saudi Arabia today. He describes the new relationship as ‘building out’.
A lot of talk, nothing worthwhile achieved other than forcing (the ring of blackmail) the Saudis to attend a Conference to be held in Toronto (I think) at the end of September. Quite possible Carney wants to sell critical minerals to the Saudis.
https://nationalpost.com/news/mark-farney-saudi-arabia
So: Were they ever actually “Canadian” manufacturers? How could they be? They were nothing but pawns. Canada was one of two landing pads.
So much for “globalism.” This is what it actually is. An empty shell. “Working,” not for your own homeland, but for somebody else’s.
So much, also, for your (sic …) national government. “Make CANADA Great Again?” The concept is utterly alien to them. You are betrayed.
Good point. A lot of Canadian businesses are owned by multinationals.
This is a year old but it does make sense.
https://trendonomist.com/22-canadian-industries-quietly-dominated-by-foreign-ownership/
And then there are those Canadians who think they’re really sticking it to the US by refusing to vacation here. I’ve been telling them that whatever money vacationing Canadians bring into the US economy accounts for little more than a rounding error.
Yes, Canadians are all about happy hours, they sux at tipping. Rounding error.. lol.
Considering. It’s a move to make a deal.
company i work for got bought out about 20 yrs ago by a company in winnepeg.i would love to see them move the headquarters down here.
Or sell out to the Chinese, like Winnipeg’s Pallliser Furniture
just what we need lottery tickets printed in chinese.
Carney throws Trudeau climate plan under bus
https://www.cbc.ca/news/politics/carney-trudeau-carbon-emissions-climate-change-9.7254619
Is canada back in the oil business?
Alberta issued 1,764 drilling licenses between the start of the year and June 12, the most for a similar period since 2014, provincial data show
https://www.mining.com/web/canada-unleashes-wave-of-oil-drilling-permits-in-next-big-play/
The great Canadian factory heist.
Like the massive truck driver strike and how they shut that down, and like what CA is doing, they’ll figure out a way to tax them or freeze assets-something.
I’d bail and FAST if I was in Canaduh.
Edit, I called that a truck driver strike, I meant the protest they had.
Thank you, Sundance. So interesting.
Predictable and well known in business, esp high tech circles. In a nutshell, the Canadian taxation system is based on natural resource extraction and refinement, and not on industrial manufacturing and capital asset management and growth. The reason is obvious: for as long as non-indiginous people have been going to the Canadian territory, the singular purpose is to extract wood fiber, minerals, oil and gas, fish, fur, wild game, from the ground. Thus the infamous “Stumpage Fee” royalty paid by forestry products companies to provincial governments for the right to harvest timber on public land. Since 95% of forest land is on “Crown Land”, private companies like, say, Weyerhauser, cannot actually own the forests and manage and cut their own timber. Instead, the govt sets a fee for cutting timber, really a tax, that directly subsidizes provincial and federal governments. Similarly with fish, minerals, oil and gas.
— Manufacturing based on capital accumulation and allocation to purchase and use of heavy industrial equipment is a relatively recent commercial activity insofar as the Canadian tax code and the slothful pace of tax code development.
— Because Canada’s governments heavily rely on the steady, predictable stumpage fees and other resource rents for their public budgets, they face less structural pressure to design a hyper-competitive corporate tax system for advanced manufacturing. The resulting tax code imposes multiple distinct financial burdens on industrial operations: