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Carney fact check: Canada does not have the highest foreign direct investment (FDI) per capita in the world. This claim, made by Prime Minister Mark Carney in Question Period on April 15, 2026, is not supported by available global data Canada's 2025 FDI performance was genuinely strong by historical...

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From third world to first. Singapore proved that colonialism is not an excuse. A former British trading outpost that started with nothing and within a generation became the richest country with the highest GDP per capita. With no natural resources, no domestic market, and a GDP per capita equal to that of Mexico in the 1960s, Lee Kwan Yew built Singapore on the foundations of free trade, foreign investment, the English language, no tolerance for bureaucratic corruption, and funding through savings instead of foreign debt. Postcolonial countries chose socialism and still blame colonialism for their failure instead of following the clear capitalist blueprint for building a flourishing economy and a thriving nation.
0:30

From third world to first. Singapore proved that colonialism is not an excuse. A former British trading outpost that started with nothing and within a generation became the richest country with the highest GDP per capita. With no natural resources, no domestic market, and a GDP per capita equal to that of Mexico in the 1960s, Lee Kwan Yew built Singapore on the foundations of free trade, foreign investment, the English language, no tolerance for bureaucratic corruption, and funding through savings instead of foreign debt. Postcolonial countries chose socialism and still blame colonialism for their failure instead of following the clear capitalist blueprint for building a flourishing economy and a thriving nation.

Rothmus 🏴

21,600 Aufrufe • vor 1 Monat

The economic problems remain the same no matter how much the government tries to spin it. Immigration continues to juice growth, and regulation and taxation continues to hinder business investment and productivity growth. This Labor’s government’s entire time in office is shaping up to be defined by population expansion, persistent inflation and declining real growth per person. —————————————————— “GDP growth was entirely due to population growth - which is to say that GDP per capita was unchanged for the quarter and up only 0.7% for the year. So two thirds of the annual increase in gross domestic product was due to the fact there were more people doing the domestic producing. And even closer to what really matters, real disposable income per capita - that is, after tax, price rises and mortgage interest - actually fell in the quarter and was dead flat for the year. The decline in GDP per capita growth from 2.5% per year 20 years ago to 0.7% now is correlated with the decline in productivity growth - which was actually flat in the June quarter. And what does that correlate with? Business investment. The growth in capital stock per person - that is, the stuff that businesses have invested in - used to be 2% per year. Now, it’s zero.
0:54

The economic problems remain the same no matter how much the government tries to spin it. Immigration continues to juice growth, and regulation and taxation continues to hinder business investment and productivity growth. This Labor’s government’s entire time in office is shaping up to be defined by population expansion, persistent inflation and declining real growth per person. —————————————————— “GDP growth was entirely due to population growth - which is to say that GDP per capita was unchanged for the quarter and up only 0.7% for the year. So two thirds of the annual increase in gross domestic product was due to the fact there were more people doing the domestic producing. And even closer to what really matters, real disposable income per capita - that is, after tax, price rises and mortgage interest - actually fell in the quarter and was dead flat for the year. The decline in GDP per capita growth from 2.5% per year 20 years ago to 0.7% now is correlated with the decline in productivity growth - which was actually flat in the June quarter. And what does that correlate with? Business investment. The growth in capital stock per person - that is, the stuff that businesses have invested in - used to be 2% per year. Now, it’s zero.

Marko Matvikov

13,567 Aufrufe • vor 23 Tagen

Carney "Our economy. Canada's economy has created 190,000 jobs on net since August." "In absolute terms, that's more than the United States over the same period." Fact check - Cumulative gains in the US in2025 alone were around 584,000 jobs (averaging ~49,000 per month). Carney blarney! Mark Carney
0:39

Carney "Our economy. Canada's economy has created 190,000 jobs on net since August." "In absolute terms, that's more than the United States over the same period." Fact check - Cumulative gains in the US in2025 alone were around 584,000 jobs (averaging ~49,000 per month). Carney blarney! Mark Carney

cbcwatcher

57,912 Aufrufe • vor 8 Monaten

I have been completely impressed by how Carney has operated. He's got critics but I'm not one of them. I look at this and I say to myself, the richest country on earth per capita is Canada but it's all in the ground. Unfortunately, for the last decade, bad policy took it to the bottom of the G20 by every measurement. Carney is gonna change all that and he's got the population behind him. Right now this tiff with the United States makes no sense long term. The largest consumer market on earth is the United States. The largest gathering of wealth that is going to be consumed by that consumer market is sitting in the ground, or in the water, or in the energy, or in the gas, in the oil, the uranium, in the potash of what Canada has. These two countries are going to get together 100%.
2:11

I have been completely impressed by how Carney has operated. He's got critics but I'm not one of them. I look at this and I say to myself, the richest country on earth per capita is Canada but it's all in the ground. Unfortunately, for the last decade, bad policy took it to the bottom of the G20 by every measurement. Carney is gonna change all that and he's got the population behind him. Right now this tiff with the United States makes no sense long term. The largest consumer market on earth is the United States. The largest gathering of wealth that is going to be consumed by that consumer market is sitting in the ground, or in the water, or in the energy, or in the gas, in the oil, the uranium, in the potash of what Canada has. These two countries are going to get together 100%.

Kevin O'Leary aka Mr. Wonderful

364,289 Aufrufe • vor 1 Monat

Carney tells Canadians to buy Canadian and stay home. His disclosed holdings are overwhelmingly US companies. And weeks ago flew to Tuscany while a serious tariff deadline loomed The claims: Jobs at 4× the U.S. — He also says “twice,” depending on the speech and audience. July looked good here; early 2026 did not. Selective memory Highest FDI in two decades — Nominal inflows in 2025 were the best since 2007. After inflation and as a share of the economy, 2007 still wins. A lot of it is takeovers, not new factories. The U.S. is still the biggest source Non-U.S. exports “on track to double” — That’s a 10-year slogan. Last year’s jump was real, but a big chunk was gold and energy prices, not any new auto or lumber markets Strongest G7 growth last quarter — Q2 was actually first. One good quarter after a flat start is not the plan “working” Lecture Canada on loyalty. Keep the portfolio and the villa abroad for yourself. That’s the Carney double standard Play fast and loose with the facts and figures. That's the Carney blarney "Do as I say, not as I do" Mark Carney
0:54

Carney tells Canadians to buy Canadian and stay home. His disclosed holdings are overwhelmingly US companies. And weeks ago flew to Tuscany while a serious tariff deadline loomed The claims: Jobs at 4× the U.S. — He also says “twice,” depending on the speech and audience. July looked good here; early 2026 did not. Selective memory Highest FDI in two decades — Nominal inflows in 2025 were the best since 2007. After inflation and as a share of the economy, 2007 still wins. A lot of it is takeovers, not new factories. The U.S. is still the biggest source Non-U.S. exports “on track to double” — That’s a 10-year slogan. Last year’s jump was real, but a big chunk was gold and energy prices, not any new auto or lumber markets Strongest G7 growth last quarter — Q2 was actually first. One good quarter after a flat start is not the plan “working” Lecture Canada on loyalty. Keep the portfolio and the villa abroad for yourself. That’s the Carney double standard Play fast and loose with the facts and figures. That's the Carney blarney "Do as I say, not as I do" Mark Carney

cbcwatcher

51,533 Aufrufe • vor 24 Tagen

It’s Israel’s Independence Day! Israel is turning 75, and to celebrate that, here are 10 fun facts you might not have known about the tiny Jewish state in the Middle East. Israel has the world’s highest concentration of tech companies outside of Silicon Valley and the world’s highest number of startup companies per capita. Some of the most innovative companies in the world are Israeli such as Mobeleye Wix and Waze. Israel is the only country in the world that has more trees today than it did 50 years ago. Israel is the only country in the world that has more water than it did 50 years ago, due to super advanced desalination technology. How does a country have more trees and more water? Israel has the highest number of museums per capita in the world. It has more museums than McDonald’s. Abortion is not just legal in Israel, it is actually paid for by the government under the universal national healthcare system. Israel has the highest percentage of vegans per capita in the world, with an estimated 5% of the population following a vegan diet. And they don’t feel the need to constantly tell you about it. Israel is the only country in the world that uses a language that has been dead for 2000 years! Hebrew! The one from the Bible. According to the World Health Organization Israel has one of the highest life expectancies in the world, with an average life expectancy of 84.7 years. Israel is the second country in the world to have a woman Prime Minister and Wonder Woman is Israeli too! According to the 2022 World Happiness Report, Israel is the fourth happiest country in the world. Despite being constantly under attack and surrounded by some countries who are not that into her, the people of Israel are amazing. They are patriotic, passionate and appreciative. Happy birthday Israel! 🇮🇱
1:53

It’s Israel’s Independence Day! Israel is turning 75, and to celebrate that, here are 10 fun facts you might not have known about the tiny Jewish state in the Middle East. Israel has the world’s highest concentration of tech companies outside of Silicon Valley and the world’s highest number of startup companies per capita. Some of the most innovative companies in the world are Israeli such as Mobeleye Wix and Waze. Israel is the only country in the world that has more trees today than it did 50 years ago. Israel is the only country in the world that has more water than it did 50 years ago, due to super advanced desalination technology. How does a country have more trees and more water? Israel has the highest number of museums per capita in the world. It has more museums than McDonald’s. Abortion is not just legal in Israel, it is actually paid for by the government under the universal national healthcare system. Israel has the highest percentage of vegans per capita in the world, with an estimated 5% of the population following a vegan diet. And they don’t feel the need to constantly tell you about it. Israel is the only country in the world that uses a language that has been dead for 2000 years! Hebrew! The one from the Bible. According to the World Health Organization Israel has one of the highest life expectancies in the world, with an average life expectancy of 84.7 years. Israel is the second country in the world to have a woman Prime Minister and Wonder Woman is Israeli too! According to the 2022 World Happiness Report, Israel is the fourth happiest country in the world. Despite being constantly under attack and surrounded by some countries who are not that into her, the people of Israel are amazing. They are patriotic, passionate and appreciative. Happy birthday Israel! 🇮🇱

Noa Tishby

1,143,807 Aufrufe • vor 3 Jahren

New PNAS paper. Historical GDP per capita data is scarce, but data on the places of birth, death, and occupations of famous individuals is abundant. In this paper we estimate the historical GDP per capita of hundreds of regions in Europe and North America using a machine learning model that leveraged data on about 500k famous biographies. Our estimates more-or-less quadruple the availability of historical GDP per capita estimates for the last 700 years. So why use biographies to augment historical GDP per capita data? Biographical data contains information about people who might have contributed directly to economic growth, like James Watt, or that were attracted to wealthy places looking for patrons, like Michelangelo. So we--mainly Philipp (Philipp Koch)--used this data to construct hundreds of features describing each European region. Then, we trained a machine learning model to find the features that explained most of the variance in a cross-validation test, where we split regions multiple times into a training set and a test set. On average, the model explained about 90% of the variance in GDP per capita of the regions it had not seen during training. But we wanted to go further, and Philipp really went to town by looking at different ways to validate our estimates. We found our estimates correlate positively with historical measures of wellbeing, church building activity, urbanization, and body height. We also used these measures to reproduce the basic Atlantic trade result of Acemoglu, Johnson, and Robison and to explore the economic consequences of the famous Lisbon earthquake of 1755. But what I personally loved most about this project, other than working with Philipp Koch and V, is that it shows that we can use machine learning methods not only to explore the future, but the past. There is a bright and growing future in the use of machine learning for economic history. Hope you enjoy the paper and the data. You can find links to the paper and a data exploration tool in the first comment.
3:25

New PNAS paper. Historical GDP per capita data is scarce, but data on the places of birth, death, and occupations of famous individuals is abundant. In this paper we estimate the historical GDP per capita of hundreds of regions in Europe and North America using a machine learning model that leveraged data on about 500k famous biographies. Our estimates more-or-less quadruple the availability of historical GDP per capita estimates for the last 700 years. So why use biographies to augment historical GDP per capita data? Biographical data contains information about people who might have contributed directly to economic growth, like James Watt, or that were attracted to wealthy places looking for patrons, like Michelangelo. So we--mainly Philipp (Philipp Koch)--used this data to construct hundreds of features describing each European region. Then, we trained a machine learning model to find the features that explained most of the variance in a cross-validation test, where we split regions multiple times into a training set and a test set. On average, the model explained about 90% of the variance in GDP per capita of the regions it had not seen during training. But we wanted to go further, and Philipp really went to town by looking at different ways to validate our estimates. We found our estimates correlate positively with historical measures of wellbeing, church building activity, urbanization, and body height. We also used these measures to reproduce the basic Atlantic trade result of Acemoglu, Johnson, and Robison and to explore the economic consequences of the famous Lisbon earthquake of 1755. But what I personally loved most about this project, other than working with Philipp Koch and V, is that it shows that we can use machine learning methods not only to explore the future, but the past. There is a bright and growing future in the use of machine learning for economic history. Hope you enjoy the paper and the data. You can find links to the paper and a data exploration tool in the first comment.

César A. Hidalgo

54,355 Aufrufe • vor 2 Jahren

On CNBC, Joe Kernen reminds Dom LeBlanc of some stark economic realities in Canada "Minister LeBlanc, this is the last thing Canada needs. And I'm not sure whether you have a good feel for, for changes that need to be made in the economic approach of Canada." "The OECD projects that Canada out of 38 OECD members will rank 38 dead last in GDP per capita growth through 2060. And I'm trying to figure out why." "I looked to see and I do find one thing it says here, tax and regulatory competitiveness." "There's a gap even with the US where we think regulate, you know, permitting." Joe Kernen Dominic LeBlanc
4:29

On CNBC, Joe Kernen reminds Dom LeBlanc of some stark economic realities in Canada "Minister LeBlanc, this is the last thing Canada needs. And I'm not sure whether you have a good feel for, for changes that need to be made in the economic approach of Canada." "The OECD projects that Canada out of 38 OECD members will rank 38 dead last in GDP per capita growth through 2060. And I'm trying to figure out why." "I looked to see and I do find one thing it says here, tax and regulatory competitiveness." "There's a gap even with the US where we think regulate, you know, permitting." Joe Kernen Dominic LeBlanc

cbcwatcher

396,206 Aufrufe • vor 1 Monat

Raffy Boudjikanian on Carney's canceled press conference "Look, I have not been on any prime minister trips where the prime minister does not do at least one news conference as they're flying around the world, whether that's Carney himself or whether in the Trudeau days." So CBC seems to be settling for whatever scraps Carney is willing to throw them Carney cancelled the presser. This isn't the first time he's done it on a foreign tour Raffy Boudjikanian
0:39

Raffy Boudjikanian on Carney's canceled press conference "Look, I have not been on any prime minister trips where the prime minister does not do at least one news conference as they're flying around the world, whether that's Carney himself or whether in the Trudeau days." So CBC seems to be settling for whatever scraps Carney is willing to throw them Carney cancelled the presser. This isn't the first time he's done it on a foreign tour Raffy Boudjikanian

cbcwatcher

44,091 Aufrufe • vor 6 Monaten

Mark Carney was bragging abut how great things are and gave REAL evidence as to why... So lets fact check it: 1⃣ "Creating jobs at twice the rate of the United States" - A disproportionate share of Canada's job growth has been driven by the public sector and part time positions... especially during summer months, rather than high paying, private-sector career opportunities. In fact, the broader year-to-date numbers show that the Canadian economy has routinely struggled with heavy monthly net job losses. Despite these additions, Canada’s actual unemployment rate has consistently trended much higher than that of the U.S. 2⃣ "Highest level of foreign direct investment in 20 years" - While foreign money is arriving (largely driven by heavy government subsidies in green technology and EV plants), domestic business investment per worker has plummeted over the last decade. Economists point to the fact that while many foreign owners are buying Canadian businesses (not creating anything new and often laying off staff at these companies once ownership is transferred) domestic Canadian capital is fleeing to the U.S. and other markets because of Canada's complex regulatory hurdles and high cost of doing business. 3⃣ "We can see the Growth picking up this quarter" - Misleading. While there may be a minor quarter over quarter uptick due to specific, major project examples (like the Rio Tinto project mentioned), Canada is facing a systemic productivity crisis. While Canada’s overall GDP shows growth, its GDP per capita (economic output per person) has steadily declined. Canada actually sits near the bottom of the G7 in per-person wealth, meaning the average Canadian is technically experiencing an individual economic contraction despite the top-line national growth numbers Carney brags about. 4⃣ The carbon-neutral aluminum plant photo-op??? - announced in 2024, years before this speech. First production isn't until 2027. Capacity: 2,500 T a year. It relies on billions in taxpayer-funded subsidies and artificial price advantages through carbon taxes, rather than genuine market competitiveness, to survive. This initiative represents massive corporate welfare for a large multinational that fails to address broader, systemic declines in Canadian productivity and investment... and on its face, is not competitive in any beneficial way to the Canadian public at this time... or if the net zero climate hysteria eventually fades completely (which it already is in many nations) 5⃣ Mark Carney is painting a picture of an economy undergoing a booming structural transformation. The omitted reality is that the top-line numbers look healthy primarily because of aggressive population expansion and massive government capital injections into specific green sectors.
1:38

Mark Carney was bragging abut how great things are and gave REAL evidence as to why... So lets fact check it: 1⃣ "Creating jobs at twice the rate of the United States" - A disproportionate share of Canada's job growth has been driven by the public sector and part time positions... especially during summer months, rather than high paying, private-sector career opportunities. In fact, the broader year-to-date numbers show that the Canadian economy has routinely struggled with heavy monthly net job losses. Despite these additions, Canada’s actual unemployment rate has consistently trended much higher than that of the U.S. 2⃣ "Highest level of foreign direct investment in 20 years" - While foreign money is arriving (largely driven by heavy government subsidies in green technology and EV plants), domestic business investment per worker has plummeted over the last decade. Economists point to the fact that while many foreign owners are buying Canadian businesses (not creating anything new and often laying off staff at these companies once ownership is transferred) domestic Canadian capital is fleeing to the U.S. and other markets because of Canada's complex regulatory hurdles and high cost of doing business. 3⃣ "We can see the Growth picking up this quarter" - Misleading. While there may be a minor quarter over quarter uptick due to specific, major project examples (like the Rio Tinto project mentioned), Canada is facing a systemic productivity crisis. While Canada’s overall GDP shows growth, its GDP per capita (economic output per person) has steadily declined. Canada actually sits near the bottom of the G7 in per-person wealth, meaning the average Canadian is technically experiencing an individual economic contraction despite the top-line national growth numbers Carney brags about. 4⃣ The carbon-neutral aluminum plant photo-op??? - announced in 2024, years before this speech. First production isn't until 2027. Capacity: 2,500 T a year. It relies on billions in taxpayer-funded subsidies and artificial price advantages through carbon taxes, rather than genuine market competitiveness, to survive. This initiative represents massive corporate welfare for a large multinational that fails to address broader, systemic declines in Canadian productivity and investment... and on its face, is not competitive in any beneficial way to the Canadian public at this time... or if the net zero climate hysteria eventually fades completely (which it already is in many nations) 5⃣ Mark Carney is painting a picture of an economy undergoing a booming structural transformation. The omitted reality is that the top-line numbers look healthy primarily because of aggressive population expansion and massive government capital injections into specific green sectors.

Jasmin Laine

41,388 Aufrufe • vor 1 Monat

Don't be distracted with the floor crossing smokescreen "In fact, the government's own budget documents say that under Mark Carney as Prime Minister, investment in Canada will continue to decline way out into the future." Andrew Scheer Ben Mulroney
4:42

Don't be distracted with the floor crossing smokescreen "In fact, the government's own budget documents say that under Mark Carney as Prime Minister, investment in Canada will continue to decline way out into the future." Andrew Scheer Ben Mulroney

cbcwatcher

48,026 Aufrufe • vor 10 Monaten

Franco Terrazzano on CTV "Either Canada Post management executives apologize, say they did something wrong and they end the bonuses or we need Prime Minister Mark Carney to step in and shut down these taxpayer funded bonuses for failure." Franco Terrazzano Taxpayer.com Carolyn Jarvis
4:09

Franco Terrazzano on CTV "Either Canada Post management executives apologize, say they did something wrong and they end the bonuses or we need Prime Minister Mark Carney to step in and shut down these taxpayer funded bonuses for failure." Franco Terrazzano Taxpayer.com Carolyn Jarvis

cbcwatcher

17,479 Aufrufe • vor 2 Monaten

Carney claims "And the Minister, Minister of Finance has followed those rules and regulations with in notification of the Ethics Commissioner in recusing himself from dealings with respect to Alto." But has he? Because there is no record (below) Mark Carney
2:41

Carney claims "And the Minister, Minister of Finance has followed those rules and regulations with in notification of the Ethics Commissioner in recusing himself from dealings with respect to Alto." But has he? Because there is no record (below) Mark Carney

cbcwatcher

44,562 Aufrufe • vor 5 Monaten

Laryssa Waler on CBC "The IMF, the International Monetary Fund, just said that over the last 10 years, Canada's per capita GDP virtually grew zero percent, while America's grew about 22%. Why did that happen?" Liberals "have not been investing in natural resources, we have not been investing in Canadian energy, and we've been dependent on the states, and we've been focusing our economy and our economic policy on more ideologically driven things." Laryssa Waler 🌻 Лариса Валєр
1:10

Laryssa Waler on CBC "The IMF, the International Monetary Fund, just said that over the last 10 years, Canada's per capita GDP virtually grew zero percent, while America's grew about 22%. Why did that happen?" Liberals "have not been investing in natural resources, we have not been investing in Canadian energy, and we've been dependent on the states, and we've been focusing our economy and our economic policy on more ideologically driven things." Laryssa Waler 🌻 Лариса Валєр

cbcwatcher

128,009 Aufrufe • vor 1 Jahr

Mark Carney, our PM, is all about making Canadians pay their "fair share" with sky-high carbon taxes and ballooning deficits that hit working families hard But guess what? He's cozying up to Luxembourg—a notorious tax haven—to beg for investment funds. Just this weekend (Feb 7-9), Carney hosted Luxembourg PM Luc Frieden in Ottawa to "secure new economic partnerships" and "emphasize opportunities for new investment into Canada. Luxembourg manages over $11.5 trillion in assets as Europe's top fund center, & Canadian corporations stash $97.1B there to dodge taxes Hypocrisy alert: Back at Brookfield (where Carney was chair), the firm avoided $5.3B in Canadian taxes since 2021 using havens like Luxembourg, Bermuda ($25B fund), and Caymans ($5B fund) Brookfield leads with 44 tax haven subsidiaries! Taxes for thee, but tax breaks for his elite buddies. Carney is a high-tax hypocrite Mark Carney
0:48

Mark Carney, our PM, is all about making Canadians pay their "fair share" with sky-high carbon taxes and ballooning deficits that hit working families hard But guess what? He's cozying up to Luxembourg—a notorious tax haven—to beg for investment funds. Just this weekend (Feb 7-9), Carney hosted Luxembourg PM Luc Frieden in Ottawa to "secure new economic partnerships" and "emphasize opportunities for new investment into Canada. Luxembourg manages over $11.5 trillion in assets as Europe's top fund center, & Canadian corporations stash $97.1B there to dodge taxes Hypocrisy alert: Back at Brookfield (where Carney was chair), the firm avoided $5.3B in Canadian taxes since 2021 using havens like Luxembourg, Bermuda ($25B fund), and Caymans ($5B fund) Brookfield leads with 44 tax haven subsidiaries! Taxes for thee, but tax breaks for his elite buddies. Carney is a high-tax hypocrite Mark Carney

cbcwatcher

40,172 Aufrufe • vor 7 Monaten