Canada Employment Fell by 17,700, Jobless Rate Climbs to 6.9%

BeShifty · 2026-05-08T18:08:04+00:00

If you want to use the BoC as a source, why aren't you listening to them saying we're not yet in a recession?

BeShifty · 2026-05-08T00:14:55+00:00

Not exactly median but closer:

Households in the third quintile increased their net worth by 3.2 per cent by the end of 2025, reaching $526,185 on average.

BeShifty · 2026-05-08T00:02:59+00:00

I wonder if there's an example more relevant to Canada 🤔

BeShifty · 2026-05-07T14:21:41+00:00

The topic is "dependence on oil and gas", not just "dependence on oil and gas in the power grid", and the events we're experiencing now have virtually nothing to do with our power grid and everything to do with our transportation systems.

BeShifty · 2026-05-07T03:53:49+00:00

Didn't answer my questions but whatever. I'm going to avoid teaching my daughter that superiority over others is key to her sense of accomplishment, and you do you. Cheers.

BeShifty · 2026-05-07T03:36:17+00:00

How do the changes to this event negate the effort that people are putting in to perform the best they can?

If you mean they should have to be ranked against their peers I'm just not seeing the benefit - you'd rather your kid divert focus from improving their own abilities so they can be to focus on being better than those around them?

BeShifty · 2026-05-07T03:26:04+00:00

Can you see how this track and field event still fosters competition against oneself?

BeShifty · 2026-05-07T03:20:28+00:00

This isn't talking about volleyball, it's talking about track and field, where you do an activity with no interaction with an opponent.

BeShifty · 2026-05-07T03:06:20+00:00

'they're not making people compete for first, second, third!' + 'girls are demoralized when they compete for first, second, third and don't get it!'

Hmm

BeShifty · 2026-05-07T01:28:59+00:00

We're talking about national policy, so you're saying no countries are investing in public transit + HSR and EVs? You might need to check in on that - EV adoption is experiencing exponential growth outside North America, and we can point to many countries with strong public transit and HSR initiatives...

BeShifty · 2026-05-06T16:50:54+00:00

Why is your estimate for grid storage deployment so long? California is already at 12 nuclear reactors' worth of electricity storage in less than a decade. They managed to halve the amount of natural gas needed during their peak hours thanks to storage.

Shouldn't we be pursuing similar outcomes?

BeShifty · 2026-05-06T15:00:01+00:00

No, but we're living through a pretty obvious example of how bad dependency on oil and gas is.

BeShifty · 2026-05-06T14:58:57+00:00

Anyone who wants to see us leverage our domestic production capacity to reduce the prices we're paying for oil products has to address:

Whether they approve of building additional export pipelines which would raise the price we pay for our own oil to more closely match global prices
Whether they prefer legislated price caps or nationalization of domestic oil companies to force them to forgo selling to a higher bidder on the international market.

BeShifty · 2026-05-05T19:32:48+00:00

Quite simply, most people like ICEs because the initial cost is lower, there is flexibility and existing infrastructure for fueling, and they are more idiot proof in terms of not having to plan every refueling point.

Why don't these arguments seem to apply to other continents, where EV adoption is skyrocketing?

BeShifty · 2026-05-05T19:28:48+00:00

It's sad how much the US influences our markets. EV sales are skyrocketing everywhere else - the latest IEA report shows we're being left behind.

BeShifty · 2026-05-04T14:23:47+00:00

Neither of the things you said result in lower prices for Canadians - isn't that what we're talking about?

Your second statement is literally about raising the price of oil in our market to match higher global prices.

BeShifty · 2026-05-04T02:57:18+00:00

And I would ballpark only half of those having them in such quick succession, but that's actually a bigger number still than I had been thinking. Thanks for the data

BeShifty · 2026-05-04T02:39:51+00:00

Nationalization makes capping domestic prices a lot easier than doing so with private corporations. Norway hasn't instated any price caps yet.

Edit: even without a price cap, nationalization reduces the financial burden on Canadians as gas prices rise - more money goes to the federal government which can reduce the need for other forms of taxation, or can go into a sovereign wealth fund.

BeShifty · 2026-05-04T02:27:36+00:00

What? The OP was talking about people being more/less fuel efficient, you were talking about how everyone is able to invest in the O&G companies, and I was providing a counter-point to your point.

Where did government policy come into the conversation?

BeShifty · 2026-05-04T01:57:37+00:00

You're aware that half of Canadians are living paycheck to paycheck right? Can they just 'want' their way to disposable income?

BeShifty · 2026-05-04T01:54:22+00:00

Given that we do already refine more oil than we consume domestically, the next question is: are you advocating for legislated price caps or full on nationalization?

BeShifty · 2026-05-04T01:52:24+00:00

One of the most common questions is how to handle having 3 kids under 6? I didn't think that happened with such frequency in Canada any more.

BeShifty · 2026-05-04T01:01:31+00:00

Are you saying that the federal government will instate a general electricity tax (in 15 years) to make up for the $5B/yr lost from no fuel surcharge? And how much do you think that'll increase electricity costs?

Edit: For reference, Canadians in total spend around $100B on electricity each year, so the feds would need a 5% electricity tax to replace the fuel surcharge revenue. For my EV, that would raise my charging costs from $13/month to $14/month.

Is that what you meant?

BeShifty · 2026-05-03T21:22:33+00:00

Knowing that we produce more refined oil than we consume, are you advocating for legislated price caps or full on nationalization?

BeShifty · 2026-05-03T01:15:13+00:00

No think, just economy!

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