this post was submitted on 23 Dec 2025
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What do you know, I was severely downvoted for pointing this out in a post the other day. The Canadian boycott is failing, if not more likely it's already officially failed. American private equity has fully bought Canada. Canadian's are still investing en-masse into the S&P500 and are in love with American services like social media, tech devices, digital infrastructure, etc. Canadians have no problem with Carney's conflict of interest as Brookfield is the fourth biggest company in Canada by market cap (he has millions invested in the real estate cookie jar) and seven out of the top ten companies in Canada are banks and private equity. Canada is finished, there is no economy, and there certainly won't ever be one at this rate.
The Canadian boycott Is succeeding beyond all expectations.
Travel especially but also food. Jim Beam is ceasing operations at one of their plants and the Canadian boycott is a major factor.
Are Canadians still invested too much in US tech. Yes. As is the entire world.
The one area I would love to see things ramp up is cars. If Canadians stopped buying US manufactured cars, that would really make a difference.
And while I cannot imagine what you think Carney has to do with banks being some of the biggest businesses in Canada, this is one of the success stories of Canadian sovereignty. Canadian banks bought US assets for pennies on the dollar in 2008. Same for Canadian real estate players. If things continue as they are, they may get a chance to do it again.
While that's true, there's a not-so-visible side effect. The AMCB (TD US) segment of the bank has very significant influence on decisions at TD Canada. The bank that was TD in 2008 is a much more American style operation today. Have insider info on this. Also its US side exposes it to the American meltdown-to-be, unlike the situation in 2008.
Agreed. Carney is a global force. Is he a banker? Yes. Maybe look at his resume.