@mendelmatt
Living on the north shore of the Great Lakes. 🍁 #WeTheNorth #TrueNorthStrongAndFree #AlwaysCanada #Never51 #ElbowsUp I work to create pathways to wealth and ownership for working Canadians. #econsky #cdnpoli #cansky www.socialcapitalpartners.ca
Is "Lockheed Martin Canada" an authentically Canadian company? It's fully controlled by an American parent.
In this week's newsletter, we look into the government's procurement database, to figure out whether notionally Canadian firms are legit.
canadianshieldinstitute.ca/latest-updat...
You'd think so wouldn't you?!
But the culture of the ATIP shops is secrecy. More people doesn't fix that.
The solution is to prepare and release things more proactively and by routine. But...see point one.
The stakes for humanity are enormous.
Not a drill.
The Canadian government has been bragging about its FDI numbers lately. This is misleading. High M&A FDI is NOT good.
Much of this FDI is worse than neutral -- it actually hurts our economic resilience and economic security.
We have videos!
socialcapitalpartners.ca/watch-the-vi...
Trump, Vance and MAGA are part of a global authoritarian movement at war with democracies.
At the moment it is a cold war, but their alliance with dictators and their contempt for human rights and the rule of law is clear to everyone, except those whose mental frameworks are stuck in the 1980s.
Trustworthy, predictable allies matter.
For Canada, the EU is a reliable ally. The US obviously is not.
The idea that people in Alberta think they should separate and make themselves more vulnerable is batshit.
Does for the guy with the hat.
You don't think all the fretting about Canada not having an entrepreneurial culture and not having enough entrepreneurs is a description of the demand side?
Which assumptions? Which problem are you talking about and how do governments look at it the wrong way?
We might completely agree...
Woke? Yes!
Communist? No but whats.
Economist? You really need to stop with the ad hominem attacks.
Ding ding ding.
But you might not be typical and your business might be the kind that is set up in a way that matches banks' criteria.
That is not what the evidence says or the experience of SMEs. @scpartners.bsky.social will have a paper out on this in the next few weeks.
In the meantime, check out this (and always happy for criticism): socialcapitalpartners.ca/market-study...
The bad news in the world keeps on coming.
Wing chain permanently closes Toronto location after nearly 20 years share.google/fzQegvZcdgga...
I'm not sure what you disagree with, specifically.
I think we can talk about "root causes" forever and there is more than one. But our big banks dominate enterprise financing in Canada, and they aren't set up to know, understand or lend to many viable businesses.
You're so linear, Mike. I think these are loops.
Our SME financing system in Canada is not good. Our big banks are not set up in a variety of ways to do a good supporting the full diversity of small enterprises in Canada. That is a problem.
Ding ding ding.
That's very sweet, Richard. Nice to hear from you.
(Do you want money, is that it? Are you looking for a loan?)
Governments have done that a lot. It helps sometimes. Accelerated capital cost allowance for example, which I think is a good idea. But most countries incent these things, and many do it more effectively.
Canada's actions haven't changed the overall trajectory.
Well, I'm glad you were with me for a while!
On your first point, it is both. We have incentivized investment in housing, which has inflated assets and made things less affordable for middle class people.
And allowing our IP, wealth, ownership and tax revenues to navigate to the US does hurt.
Thanks, Stephanie!
Canada needs to increase its productivity performance. But we keep talking about the wrong things.
What would actually help?
The American people mostly resist fascism.
The American institutions of wealth and power mostly accommodate themselves to evil to protect themselves and maybe make a few bucks.
High school students getting involved is fairly rare. This could get interesting.
Going through my basement and I found this. A deep cut.
Good thing we fixed Employment Insurance. It would be a shame if during a period of profound labour market disruption Canada's social architecture was not fit-for-purpose.
SMEs and entrepreneurs are not well served by Canada's financing system, which is dominated by big banks.
The Competition Bureau is studying whether more diverse financing options would help. @scpartners.bsky.social has prepared a submission. 👇
socialcapitalpartners.ca/market-study...
There's always a market for tax info that fuels the smug critic, from any perspective. But that's just about ego and narrow self-interest
If there's a single good reason for studying tax seriously, it's the lessons it offers in seeing and weighing multiple conflicting perspectives
Criminally funny, but also I'm crying inside
Norway comes for the #TechBros
www.forbrukerradet.no/breakingfree
vimeo.com/1168468796?f...
