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I can no longer avoid the unpatriotic truth: McDonalds coffee is just way better than Tim Hortons coffee.
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The Canada Pension Plan Investment Board has 2100 employees whose average compensation is over $500,000 CAD per year.
The entire top economic tier in Canada is just a rentier racket preying on the middle class.
My latest, on the ongoing travesty at the Canada Pension Plan Investment Board: Eighteen years and $46-billion later, the CPP admits it could have earned more just by buying index funds
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Some (
@MikePMoffatt
) have said it more politely, but here it is bluntly: no one is moving to Canada for tech jobs when tech salaries are 70% of US salaries and houses cost 250% of US homes. Talent is leaving, not arriving. Until that’s fixed, Canadian tech is finished and done.
It’s time for a more ambitious, lasting solution to Canada’s tech-talent shortage
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JD Vance has described himself as being proud of his Scots-Irish heritage and calls them 'one of the most distinctive subgroups in America'. They certainly are - here's my (now unpaywalled) piece on Britain's Frontier People
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lol the senior Honda exec came right out and said “Canada was our third choice until the big taxpayer bribe changed our minds.”
BRONZE MEDAL 🥉 Canada was the 3rd choice for their new plant 🤯 however, after getting a $15 BILLION investment from the government, Honda has now selected Port Colborne for the EV battery Plant. Look @ the reactions in the back 🤯
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This is a really good picture.
Photos from the state funeral in memory of the Right Honourable Brian Mulroney, 18th Prime Minister of Canada.
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@gmbutts
Dude, with all due respect… you helped run the 2019 federal election campaign during the bill 21 controversy, and your party’s strategy was explicitly not to oppose it or make an issue of it. During an election.
You had an option, sir.
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Tobi is being unreasonably optimistic: most Canadians see this trend as a good thing. The Canadian Dream, for most, is a government job and the big, generous public sector pension at 60.
This isn’t a policy fight. It’s a cultural one.
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The world needs more official pictures like
@KordingLab
.
Konrad Kording, Nathan Francis Mossell University Professor in Bioengineering, Neuroscience and
@CIS_Penn
, will start as Co-Director of the
@CIFAR_News
Program in Learning in Machines & Brains on April 1st.
#Bioengineering
#MachineLearning
#DeepLearning
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As of today, your employer can't lock you in with a new non-compete agreement in Ontario. You can move here for a job, and if you don't like that job, you're free to switch to another company. Economic freedom FTW. Way to go
@MonteMcNaughton
&
@fordnation
.
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@GunnarBlohm
I read somewhere that most ML models only use about 10% of their processor capacity.
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@Noahpinion
How do you know that feeling trapped between two cultures isn’t actually the basis of American dynamism?
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@shawnmicallef
No, what’s ridiculous is that it doesn’t occur to him there’s a problem, because the amount is so trivial to him that he’s insulted anyone might think it would create a conflict. That’s a bigger problem.
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@joshgans
@jamescham
The distinction is that failed companies will close, their staff will move on to more productive organizations, and their resources will be reallocated. A fruitless academic research career can take up space and resources for 40 years.
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As
@KenBoessenkool
points out, Canada’s Prime Minister also grew up in public housing.
Australia’s new Prime Minister grew up in public housing. That should be celebrated.
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The question left unaddressed here is why any podcast provider at all must register with the government of Canada. What is the goal, other than expanded state control of what citizens are allowed to hear?
This tweet is misleading. Only services that “earn $10 million or more in annual revenues” must formally register - that is very few companies offering podcasts in Canada . And at this point there is nothing requiring content control or changes.
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Why don’t people with PhDs want to work unreasonable hours in dead end jobs for $45k/year anymore?
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Yuan highlights here one of the saddest behaviours in the world. Disparaging a former student in public is one of those curses that bounces back on the one who casts it and ends their reputation immediately.
There are few things more reprehensible than a former teacher dunking on a former student like this.
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@canna_brain
If you do, make sure you pay your own way. You have to be overtly clear that you’re receiving no financial benefit from participating. And insist the whole thing be aired unedited (in the email agreement).
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The biggest barrier to economic growth is when people who work can't afford to live in large cities, which are the most productive places. This is such a disaster for Canada in lost prosperity that it's hard to compare it to any other economic problem.
The average cost of renting a two-bedroom in Toronto soars by 24% to more than $3,300.
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Have you ever wondered what a million dollars looks like?
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Canada expends more political and even financial capital protecting the cheese industry than it does on technology innovation.
For the love of God: "A major sticking point is how much access UK producers should have to the Cdn cheese market."
This isn't even the tail wagging the dog. It's a hair on a wart on the tail wagging the dog.
UK walks away from trade talks with Canada
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The more you look at graphs like this, the more insane it looks to ever build any power source other than nuclear.
In response to requests re my Feb. 7 ⚛️dispatchable vs.🌬️intermittent ⚡️radial graphs for Ontario🇨🇦, a 6-tweet follow-up🧵.
Graphic below adds available wind capacity. By hour, wind/capacity: mean=30%; median=24%.
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A lesser-known pastime among Canadian intellectuals is to pronounce about high speed rail in this corridor without doing any work to understand what makes high speed rail feasible and what makes it unfeasible.
Beyond insane that half of Canada's population lives in a little strip that forms a near perfect line and we don't have a high speed train running down the middle of it
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Canada will do anything to avoid rising wages and automation.
🧵We've seen a big spike in employers trying to hire people through the low-wage stream of the Temporary Foreign Worker program.
Let's dig into the numbers. (1/6)
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This is literally just a paved bicycle path next to a railroad. $150M for two kilometres.
Can someone please explain to me how extending a trail by TWO KILOMETERS costs ONE HUNDRED AND FIFTY MILLION $$$ in Toronto.
We are getting absolutely fleeced.
$75K PER METER?!?!
There’s no way, even with bridges. We’re just budgeting for soft corruption at this point right?
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I’m unaware of any government anywhere that’s taking more consistent and creative steps to protect the rights and freedoms of workers than
@fordnation
and
@MonteMcNaughton
in Ontario. This Ministry of Labour continues to impress.
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For context, to be in the top 1% of Canadian incomes, you have to make $244k.
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@TheAgenda
@System2Neuro
@noprincessLeah
@SDTC_TDDC
@tyshattuck
@MIP_Hamilton
@hidrees
@DotHealth
@spaikin
@wodekszemberg
One measure of Canada's low innovation equilibrium is the persistence of our largest companies. Among the largest, half are nearly as old as or older than Canada itself. Corporate America has much higher turnover. Canada is dominated by old companies in low-innovation sectors.
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So it turns out that maybe scientific agriculture is better than organic.
Sri Lanka abandons it’s embrace of 100% organic agriculture 6 months after the introduction of the idiotic policy. So much for Vandana Shiva’s prescription of sustainability utopia with backward agriculture
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The super rich saw their wealth increase 15.8% last year. The average homeowner in Canada saw their housing wealth increase 39%, and that’s all tax free.
Wealth inequality in Canada is not driven by the super rich. It’s housing. It’s all housing.
In 2020, the ultra rich — those with at least $100 million — saw their investable wealth soar 15.8% to $5.8 trillion in the U.S., and 26.5% to $3.6 trillion in mainland China.
That's not fair
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"Investors account for about a fifth of new mortgages in Canada... roughly five times the rate in the U.S.
'The moment we want houses to be good investments is the moment we want prices to grow faster than local economies and local earnings.'”
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Listen, it doesn't matter what side of the political aisle you're on: if you've got a purple Marinoni with original paint, you flaunt that thing on Zoom and everywhere else, and you ignore the haters.
Conservative MP accuses minister of using bike as prop in video background during Parliament
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Props to the Governor General of Canada for giving us the best meme of the
#PlatinumJubilee
.
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@Andercot
EEG will never produce a reliable enough input for active BCI at the level of an Apple product. Least of all with sparse electrode locations.
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I think about this a lot in the context of Canadian economic policy.
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I think they just reprint this piece every ten years but update the names of the officials.
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Okay but like, come on… next time strap it onto a coyote.
Raptor 2 generates more than 230 tons of thrust at sea level, up from Raptor 1’s 185 tons
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Canada’s government will keep economic productivity down by any means necessary.
For years, approvals in the low and high-wage streams were largely similar. Then a gap emerges in early 2022.
In April of that year, the federal gov't allowed companies to hire a larger % of their staff from the low-wage stream. (6/9)
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@XXgrimesfanXX
The people who can reliably beat the market don’t need to sell that to retail investors as a service. Invest accordingly.
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This is the dumbest, funniest situation the government of Canada is currently embroiled in. And that’s saying something.
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The American mind can't comprehend that the Canadian Dream is to get a permanent civil service job and retire at 55 with a defined benefit pension.
(But the European mind probably can.)
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This might be one of the worst policy errors of the whole pandemic - Canada’s federal government transferred more than $100B straight to large companies’ bottom lines, as part of a terribly designed program that was anything but the wage subsidy it was intended to be.
As
@PatrickBrethour
et al. show in the Globe today, CEWS goes to business not workers, and it is padding bottom lines.
The impact is huge. Despite the recession, corporate profits are now 20% HIGHER than before the pandemic.
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@acoyne
Or that the capital intensity of entering the market would make the payback period so long that’s its unworthwhile to bother with a low-growth medium sized market.
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This just doesn’t feel like the Hamilton I know or the Canada I grew up in. Something profound has changed.
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Who cares? These vaccines still would have been a great deal at one hundred times the price per dose. Criticize this government for waking up and procuring vaccines two months late, but not for what they paid.
Asked why Canada paid more than double for AstraZeneca doses than other countries -$8.18 per shot compared to under $3 for the EU & under $4 for the UK -
@JustinTrudeau
spoke of how we have the biggest and most diverse vaccination portfolio. Paid more, for less.
#cdnpoli
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What on Earth is a backbench MP from Milton, who is neither Jewish nor Muslim, doing releasing statements on ICJ rulings about Israel? Diaspora politics in Toronto’s suburbs are truly absurd. Enjoy your new career after next year’s election, Adam.
Please see my statement on the recent ICJ ruling. Peace is possible, and it’s the only way forward. ✌🏽🕊️
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This reads more like an admission that Canada will never have capital markets capable of supporting high growth sectors. If Canadian tech needs billions from the government during an unparalleled private AI financing boom, when will it ever be independently viable?
Today’s announcement furthers our position as a leader in responsable AI.
By investing $2.4B, we will:
📈Accelerate job growth in 🇨🇦’s tech sector.
🧑💻Provide infrastructure, helping researchers and businesses adopt AI.
🌐Ensure responsible use and development of AI tech.
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The saddest part of politics in Canada is seeing all of the economic conditions align for the NDP to do incredibly well, and watching Jagmeet put up air balls, one after the other, endlessly. This man is so far from being a good political leader that it’s hard to look at.
Pierre Poilievre has never had to pinch pennies - and it shows every time he sides with the CEOs racking up your grocery bill.
That’s why I’m taking on grocery greed – to fight for your family’s needs.
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You would do this if you were absolutely terrified of the political consequences of people finding out the truth.
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Then, out of nowhere, the perfect tweet on Canadian real estate.
Been seeing many areas in Brampton where people bought in 2021 that can't even make 100k profit on their homes. The amount of people who overpaid...is insane.
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If Canadian science wants its arguments about the economic and social value of science taken seriously, Canadian scientists have no choice but to take seriously the economic and national security of Canada. This kind of thing can't keep happening.
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The crazy thing about this is that Canadian real GDP per capita rose by barely 4% over the past decade. That is just an absolutely brutal stagnation and extremely ominous for Canada’s future.
*NEW* Canada's real GDP per capita was lower in the 3rd quarter of 2023 than in the 2nd quarter of 2018. We are getting poorer.
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This is a great throwdown from
@hidrees
that maps onto the experiences of far too many Canadian entrepreneurs and growth companies: good luck finding customers in Canada; you’re better off starting out in the US.
"Canada has this almost follower mentality where it's very risk-averse." —
@hidrees
(
@DotHealth
). Does Canada have an innovation problem? At 8/11pm with
@noprincessLeah
(
@SDTC_TDDC
),
@graemedmoffat
(
@System2Neuro
),
@tyshattuck
(
@MIP_Hamilton
) &
@spaikin
| Producer:
@wodekszemberg
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@wodekszemberg
@tvo
The Agenda became the best current affairs show in the country (and one of the best anywhere) on your watch. Congrats on all the success, and thanks!
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Ontario: we’re going to build lots more nuclear so we have more energy in the future.
York U professor (it is always York U): why not have less energy and be poorer instead?
The latest from the Globe's business commentary, by Mark Winfield:
The folly of Ontario’s nuclear power play
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@gmatt1313
Important to remember that most of the Canadian stores are locally owned franchises.
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This is an astonishing tweet in several ways, and Invest in Canada (a federal government agency) is getting deservedly ratioed for it. Let's break it down in a short thread. /1
According to
@StatCan_eng
, 80% of STEM graduates choose to stay in Canada!
Why? Because of
#FDI
.
Global companies are investing in 🇨🇦’s skilled
#STEM
workforce–creating jobs, university partnerships & co-op placements.
Learn more:
#InvestinCanada
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Gonna take the other side of tonight’s bet and say twitter will be here next week, and next month, and so will nearly all of you.
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A propos of nothing, US-based friends in the tech sector have started reaching out to me in earnest about opening Toronto offices.
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Despite all the rest of its faults, this budget’s elimination of tiers in federal grad & postdoc is an innovation the CPC’s science policy should maintain.
Important changes and welcome increases to student scholarships and postdoctoral fellowships. Looks like Banting and Vanier are going away.
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@BryanPassifiume
@denisebatters
Given their recent history, wouldn’t you bring two planes? Imagine the optics of the PM “being stuck in Jamaica” while everyone else goes back to work.
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If only he had been in a position to set immigration rates
PM Trudeau says immigration to Canada has "grown at a rate far beyond what Canada has been able to absorb," adding that "temporary immigration has caused so much pressure in our communities," in relation to housing
#cdnpoli
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“While we would like a real economy, we don’t want to put the Ponzi scheme at risk.”
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Great news for workers in Ontario:
@MonteMcNaughton
and the
@fordnation
government will make Ontario the first Canadian jurisdiction to restrict non-compete agreements for employees. These clauses have become an increasingly important problem for workers. A short thread /1.
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Canada will not have an innovation economy in the future, because the cost of using the mobile data networks that underpin the innovation economy will encourage markets and companies to develop elsewhere. This is easy to fix, but we choose monopoly instead.
A mobile data gigabyte consumed never carried a lower revenue. That's true for all of our 46 studied countries - now with Greece's 1H 2021 added to our analysis.
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People misunderstand the reason for Canada’s economic decline as if it’s a matter of just getting everyone to put their heads together. It’s a problem of interests vested in the status quo being stronger than interests vested in growth.
Canada should be the country of abundance. What’s happening is terrifying and requires an all-hands-on-deck effort to turn the tanker.
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@mikalskuterud
It's a test: if an economics PhD student can't figure out how to arbitrage enrolment at Conestoga as a back door into Canada, should they really be doing an economics PhD?
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I rip on Canadian politicians a lot, but we're lucky to have a political culture that brings everyone together on the big challenges. Well done, leaders.
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Many of us in the neuroscience community (and elsewhere) have followed Dr. Chaudhri’s remarkable journey with terminal cancer. This woman is easily one of the most inspiring people I’ve ever encountered on Twitter. Worth following and looking back at her journey.
I sure hope that I can have dinner parties in my next life. A gathering of friends in the forest. And bounteous feasts of food that we have foraged & cooked on an open fire.
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I think it’s time for us to agree that something has gone horribly wrong with Canada.
"🇨🇦 plummets from 5th to 33rd in global Quality of Life ranking"
What happened?
H/T
@VinLeafs
👇🏽
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I’ll go one step further: demographics are bleak, and we’ve gone past the limit of public tolerance for very high immigration. I’m putting money on the notion that we’ll never see real estate this high (in real dollar terms) ever again.
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I would like for twitter to go back to being less about the guy who owns it.
Elon Musk's Twitter dissolves the Trust And Safety Council formed in 2016 to address problems like hate speech, child exploitation, suicide and self-harm
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Laurentian University’s layoffs and program closures take effect today. If this isn’t the most cold blooded thing a university has ever done, I don’t know what is.
Today, on my last day, I also receive an email congratulating me on becoming a Professor Emeritus.
Emeritus.
I'm 45!
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Like… the time for the government to be making strategic investments in localizing EV supply chains was ten years ago. Now it’s just straight up pay-to-play at fifteen billion dollars per factory. Thanks taxpayers!
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@ArmineYalnizyan
This is well and truly an unconstitutional federal incursion on provincial jurisdiction, and even if they were planning to implement it (they are not; it’s an empty and easily dumped platform promise) it would never survive the court challenge.
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What if… hear me out… what if we forced people into a year of national service at 65 and didn’t give them their pensions until they competed it?
Should young Canadian adults be required to perform some type of of national service
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This will get me into trouble, but here’s what I really think: bureaucrats and government officials participating in lots of “innovation” meetings and shows and tours is the real tell that an economy has very little actual innovation.
(1/2) Today, Minister Champagne participated in the Sweden Canada Innovation Days, where he discussed collaborations in
#CleanTechnology
.
Together, both countries are driving innovation for greener energy! 🇨🇦🇸🇪
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@BenWoodfinden
It's not just buying up the housing, it's a strategic bet that they can prevent more housing from being built. An epoch-defining shift away from productivity growth and toward a captured rentier economy.
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Congrats to all the candidates for their hard work in the
#ONelxn
.
After a result like this,
@MonteMcNaughton
should be fielding invitations from every conservative think tank in the world. Absolute sea change in how conservatives can bring workers into the tent.
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This is the exact diametric opposite of what the government should do. In a speculative frenzy, we should crank taxes all the way up. Add in a land value tax and a luxury tax for properties over $1M and keep on going until prices stop rising out of control.
I’m surprised there’s not more discussion about removing government taxes/fees on new homes to help with the housing crisis
In Ontario the land transfer tax and GST will set you back $45,000 on a new home
Combine this with other changes and it could reduce the cost of housing
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“In the end, Elon never reached Mars. He chose instead to spend his days overseeing and explaining disciplinary actions on Earth’s seventh largest social network.”
@EricRWeinstein
Temp suspension due to prior doxxing action by this account. Will be lifted shortly.
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Five billion dollars renovating the Canadian parliament. Five billion dollars that could have been spent on R&D. Five billion dollars that could have been spent on education. Five billion dollars.
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@BenWoodfinden
Are we at the "anything Anglo-Saxon is by definition white supremacist" stage of Canadian political discourse?
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