SNELL: Canada entering outer ring of monetary hell

Everyone is calling for better interprovincial cooperation and mega-project construction now that Tump tariffs have hit. The overnight, en masse, shift to sensible thinking is incredible.

Even the NDP is talking about pipelines to tidewater and accessing global energy markets now that oil and gas flow to the U.S. is threatened. "We need more customers," they say.

The federal Liberals, who've kicked the crap out of Canada's economy through overspending on woke socialism, net zero fantasies, and bad monetary policy, are now calling for major infrastructure projects to sustain Canada through tariff uncertainty.

Don't believe a word of it.

Under a new Liberal leader, the federal government, addicted to stupidity and supported by a docile electorate, will carry on with old habits.

There will be no new pipelines, outside of the remote possibility of Keystone XL. Not to the west coast. Not to the Arctic. Not to the east coast. There will be little, if any, new LNG development.

We need all of these things — but that ship has sailed like a jaded lover — never to return. Reminiscing brings only pain.

What will happen in response to an economic downturn created by Trump tariffs is a great deal of money printing — at least under Carney Liberals. The digitization and distribution of vast sums of money — pulled from thin air — to buy votes and pacify broke Canadians.

There will be new and expanded money distribution programs "to protect workers and businesses" in lieu of what's needed. Capitalism.

Rex Murphy often lamented the decline of Canada’s productive capacity, particularly in resource development and infrastructure. His concern was appropriate.

Canada is facing economic collapse if politicians persist with pandemic-like fiscal bailouts and other failed state policies.

Unfortunately, as demonstrated through economic history, failed state policies are often perpetuated for extended periods by willful ignorance, arrogance, shame, and poor eduction.

Canada is entering the outer ring of monetary hell.