Loonieville
* Mark Carney’s cuts to the federal government set to result in 60,000 public sector workers layoffs by 2028. * Canada will spend $3.2B over 3 years on 520 organizations outside Quebec to help integrate immigrants into the job market. * Premiers call on Ottawa to table bail reform legislation this fall. * Premiers call on increasing economic immigration. * Canada and Mexico are partnering up on a Northern Corridor – an infrastructure and trade initiative that is designed to bypass the US and its tariffs and grow collective economies. * Canadians building/construction costs are now rising twice as fast as inflation. Skilled labour shortage and counter tariffs are the cost drivers. * Dollar value of homes sales fell to $34.2B in May. Down 6% y/y and 27% from 2021. * The price of a typical home in Ontario is down 24% from its peak in 2022. * Canadian retail sales dropped 1.1% in May. * Number of EI recipients is up 9.2% year over year in May. Oh and Team Canada still hasn’t attracted a single penny into Canada.
TRUMP REVEALS THERE IS NO DEAL WITH CANADA AHEAD OF AUG. 1ST DEADLINE “I think Canada will be one that just pays the tariffs” “when that letter goes out, they just pay. That’s the deal.
WHOA – PRESIDENT TRUMP ON EPSTEIN: “You ought to be talking about BILL CLINTON!” “Who went to the island 28 times. I NEVER went to the island.”
https://x.com/i/status/1948746348167143515
