Things You’ll Never See On The CBC

Well, Carney just dumped another wheel-barrel of cash on them, so good luck with that.

Unexpectedly

Have some juxtapose with your morning coffee.

New York Times;

Hiring was unexpectedly strong in October, when employers added workers at a vigorous pace.

Employers added 165,000 jobs last month, the Bureau of Labor Statistics reported Friday, and the unemployment rate dropped to 4.1 percent.

@Coffee__Capital

🇨🇦 Canada shed -4.7K jobs in October, with a massive decline in the private sector (down ~52K, first drop since February). The public sector gained ~49K. Unemployment edged up to 6.7% (from 6.5%). Forecasts were calling for a gain of +15K, so this is a disappointment. Long-term joblessness (i.e. looking for work 27 weeks or more) is now up to 23.7% (from 21.5% a year ago). Average hourly wages were +2% from a year ago, down from 2.3%. Overall a weak report on the labor market in Canada.

More.

Friday On Turtle Island

China Carney’s Canada:    Mr. Wonderful burns jet fuel to China.    New citizens must worship Carney.    More money for big screen TVs (Warning: CBC).    Don’t upset the Muslims.

Islamist Socialist America:    Islamo-leftism.    Hollywood.    Islamic Texas.

Stories You Won’t Find At Carney’s Bought And Paid For Media:    The seasons.    Don’t upset the mentally ill.

Your morning meme.        Another meme.

Housing Bust?

In the recent past, variable rate mortgages were seen as a sweet deal when interest rates were falling. Not so much now that they are going the other way.

As borrowing costs began to rise, many variable-rate-fixed-payment-mortgage holders made lump-sum payments or locked in their rate when it came time to renew to avoid the worst of the increase. But Mendes said those who didn’t take such steps could be staring at an increase of 50 per cent in their payments this fall and winter.

Well, at least Canada isn’t Paraguay. At least not yet.

 

What Did Canadians Drive Before Horses?

Automobiles.

The largest investment by Quebec taxpayers in the battery sector is at risk. Nemaska Lithium, a project that received 1.2 billion dollars in public funds, is likely to lack funding to continue the construction of its Bécancour plant.

According to information obtained by our Bureau of Investigation, workers have left the construction site in the Trois-Rivières region in the last few days.

“We are starting to close construction activities and demobilize contractors,” says a source familiar with the matter. […]

The largest shareholder of Nemaska Lithium is the Australian-British company Rio Tinto, which owns more than 53.9% of the project.

Behind the scenes, Rio Tinto recently raised doubts about its ability to continue to finance the construction of the plant in 2027 and 2028.

“There is still 12 months of work and $500 million to be injected into the construction for the plant to be completed,” says one informant.

Another win for our strategic partner.

Internet Of Things

Placing critical infrastructure on a system that can be accessed from halfway around the globe seemed like a good idea at the time. If you’re a moron.

A cyberattack targeting three French blood banks attempted to raise the storage temperature of donated blood to “extremely high levels,” but the attack was thwarted before any lasting damage set in.

This latest attack comes after a wave of cyberattacks targeting banking institutions and food refrigeration systems in grocery stores in France and other countries around the world.

The French Blood Establishment (EFS) acknowledged the attack on Tuesday, saying three of its biobanks were the victims of a cybersecurity incident that targeted its monitoring and control systems for its cold storage rooms.

What Happened Yesterday in America?

I find these numbers very insightful:

Reference

Finally, if a majority of American voters believe that socialism or communism is their shining path to a better future, they will be sorely mistaken. While today is a very sad one for yours truly and others, the idea that things will never turn around is nonsense. Ironically, we can look at the recent election in British Columbia for proof positive of brighter times ahead.

Update: JD Vance published this mea culpa.

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