Carney's Cash

I sleep better at night knowing my tax dollars will most likely help Brookfield expand its sustainable aviation fuel business outside of Canada. In 2024, Brookfield — through its Global Transition Fund, which Mark Carney helped launch and from which he stands to earn hundreds of millions in residual income if targets are met — invested in Infinium, a California‑based producer of ultra‑low‑carbon electrofuel SAF (eSAF). This partnership is one of the largest private‑sector commitments globally toward next‑generation synthetic aviation fuels.

While Brookfield has not yet announced any SAF projects in Brazil, it seems only a matter of time. This is how Carney operates: every major initiative he makes appears to benefit Brookfield subsidiaries or China. 

How is Elbows-up working out for us Canada?  

 Minister Anand concludes trip to Brazil, announces investments and renewed commitments for cooperation - Canada.ca

Carney Works Hard For Canada

One would think Carney would have some pull with Brookfield and convince them to build the data center in Canada. I should not be surprised though given he keeps 97% of his wealth outside of Canada and clearly believes the long-term outlook for Canada is not suitable for such large investments by the company he holds over 400,000 options in.  Who cares though, right Canada?  Everyday this country becomes more of a joke.  

 Good little Carney sure makes Trump happy!

Elbows-Up Economics

If you want to succeed as a Canadian, do as our own Prime Minister did as well and and leave the country. 

Emigration—when a Canadian citizen or permanent resident permanently relocates to another country—is reaching historic levels. There were 14.53K emigrants in Q1 2026, up 0.94% from last year. The volume for Q1 outflows has climbed 81.7% in the past 5 years, and has more than doubled in the past 10 years (107.1%). Needless to say, Ontario has never seen such a mad dash to leave.   

Canadians Are Leaving At A Record Pace—and Half Are From Ontario - Better Dwelling

Note to former subscribers: Several of our final recommendations — Canadian Utilities, Enbridge, Pembina Pipeline, ATCO, and Bank of Nova Scotia — continue to reach new all‑time highs. All five are now in expensive territory, yet we are not suggesting selling. These remain long‑term holds, and each is likely to raise its dividend again over the next 12 months. Based on their current yields and consistent payout growth, I’m not aware of anywhere else we can earn comparable long‑term returns.

The Toronto Stock Exchange is currently trading at just under 22 times earnings. Since 1954, the market’s price‑to‑earnings ratio has typically ranged between 13 and 15 times earnings. In other words, the TSX is trading roughly 30% above its long‑term average. Let the market come to you.