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Ottawa Funded the China Ferry Deal—Then Pretended to Oppose It

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The Opposition with Dan Knight

While Beijing-backed hackers infiltrated Canadian telecoms, federal and B.C. leaders quietly financed a billion-dollar shipbuilding deal with a Chinese state firm—then tried to pass the buck.

So just to recap—because this one’s almost too absurd to believe: BC Ferries cuts a billion-dollar deal with a Chinese state-owned shipyard to build four new ferries. Canada’s Deputy Prime Minister Chrystia Freeland—always quick to perform outrage when the cameras are on—writes a stern letter saying how “dismayed” she is. She scolds British Columbia for daring to do business with a hostile foreign regime that’s literally attacking our critical infrastructure in real time.

And then—wait for it—it turns out her own federal government quietly financed the whole thing.

Yes, really.

According to an explosive report from The Globe and Mail, the Canada Infrastructure Bank—a federal Crown corporation—provided $1 billion in low-interest financing for the very same China shipbuilding deal Freeland claimed to oppose. The contract was signed in March 2025. The outrage? That only came later, when the public found out about it in June.

Freeland’s letter to BC’s Transportation Minister was loaded with warnings. She talked about China’s “unjustified tariffs” and “cybersecurity threats.” She demanded assurances that “no federal funding” would support the purchase. But what she didn’t mention—what she conveniently left out—was that Ottawa had already cut the cheque. The financing was already in place. The loan had been approved. Freeland just didn’t say a word.

And when reporters asked for clarification, what did her office say? Nothing. They passed the buck to another minister. The new Infrastructure Minister, Gregor Robertson, now claims the government had “no influence” in the procurement decision. No influence? You loan a billion dollars to a company and have no opinion on where it goes?

Let’s be clear: This wasn’t some harmless miscommunication. If it wasn’t a cover-up, then it was sheer incompetence—the same brand of incompetence that’s driven our shipyards into obsolescence, our economy into dependence, and our country into managed decline. An entire federal cabinet stood by, watched this unfold, signed the cheque—and then pretended they had nothing to do with it.

And British Columbia’s government? Just as bad. Premier David Eby, the man who pretends to champion “BC First,” claims he was “not happy” with the China deal but says it’s “too late” to change course. Too late? This isn’t an asteroid heading for Earth. It’s a contract. And contracts can be rewritten, canceled, renegotiated—if anyone in charge had the political will to stand up and say, “No, we don’t hand billion-dollar infrastructure projects to hostile regimes.”

But instead, we get excuse after excuse. They say BC Ferries is independent. They say there was no capacity in Canada. They say we had no choice. All the while, Canadian shipyards sit idle, unionized workers are frozen out, and the Canadian taxpayer is stuck subsidizing Chinese shipbuilding—and Chinese espionage.

Because while all of this was happening, we now know that a Chinese state-sponsored hacking group called Salt Typhoon was actively breaching Canadian telecommunications networks. That’s not speculation—it’s confirmed in a federal cyber security bulletin dated June 19, 2025.

Chinese actors exploited a vulnerability in Cisco equipment and infiltrated the networks of at least one major Canadian telecom provider. They pulled config files, rerouted traffic through GRE tunnels, and monitored call metadata and SMS communications. Translation: They were spying. On us. On officials. On infrastructure.

So let’s break this down. In February, China hacked Canadian telecoms. In March, Canada quietly finances a massive shipbuilding contract with China. In June, Freeland pretends to be outraged—while hiding the fact that her own government bankrolled it.

And now we’re told, “There’s nothing to see here. No jurisdiction.”

Really?

Freeland has jurisdiction when it comes to issuing carbon taxes, banning handguns, and lecturing citizens about disinformation—but somehow has no jurisdiction when her own Infrastructure Bank gives a billion dollars to build ships in a country that’s attacking our networks and undermining our democracy?

And it gets worse. The interest rate on the loan? Just 1.8%. That’s below market. That’s a subsidy, plain and simple. The financial gap will be recorded as government funding. So even if the Liberals want to play word games about “no direct funding,” that distinction is meaningless. The money came from taxpayers. It went to BC Ferries. It ended up in the hands of the Chinese Communist Party.

So what do we call this? It’s not economic strategy. It’s not climate policy. It’s not forward-looking infrastructure planning.

It’s decline. Managed decline.

It’s a government that tells Canadians we’re too broke, too slow, too divided to build our own ships. So we’ll just outsource it. To the same regime our intelligence services say is spying on us and interfering in our elections.

This was a test. A big one. And the people who told you they were going to put “Canada First”—people like David Eby and Mark Carney—failed that test spectacularly. When it came time to make a real choice—stand with Canadian workers, Canadian industry, and Canadian sovereignty—or cave to foreign pressure and cheap outsourcing, they chose China.

And then they lied about it.

But Canadians aren’t stupid. We know what leadership looks like—and this isn’t it. We don’t need more slogans. We need action. We need courage. We need people in government who actually believe in this country and the people who built it.

Because Canada can build ships. Canada can defend its infrastructure. And Canada should never hand over critical national projects to a regime that’s actively working against our interests.

If this is what “Canada First” looks like under the Liberals and the BC NDP, then we need something better. It’s time to stop managing decline and start building again.

Call the election. Let Canadians choose a path forward—one rooted in strength, in sovereignty, and in pride. Let us choose leaders who put Canada first—for real.


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A new federal bureaucracy will not deliver the affordable housing Canadians need

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Governments are not real estate developers, and Canada should take note of the failure of New Zealand’s cancelled program, highlights a new MEI publication.

“The prospect of new homes is great, but execution is what matters,” says Renaud Brossard, vice president of Communications at the MEI and contributor to the report. “New Zealand’s government also thought more government intervention was the solution, but after seven years, its project had little to show for it.”

During the federal election, Prime Minister Mark Carney promised to establish a new Crown corporation, Build Canada Homes, to act as a developer of affordable housing. His plan includes $25 billion to finance prefabricated homes and an additional $10 billion in low-cost financing for developers building affordable homes.

This idea is not novel. In 2018, the New Zealand government launched the KiwiBuild program to address a lack of affordable housing. Starting with a budget of $1.7 billion, the project aimed to build 100,000 affordable homes by 2028.

In its first year, KiwiBuild successfully completed 49 units, a far cry from the 1,000-home target for that year. Experts estimated that at its initial rate, it would take the government 436 years to reach the 100,000-home target.

By the end of 2024, just 2,389 homes had been built. The program, which was abandoned in October 2024, has achieved barely 3 per cent of its goal, when including units still under construction.

One obstacle for KiwiBuild was how its target was set. The 100,000-home objective was developed with no rigorous process and no consideration for the availability of construction labour, leading to an overestimation of the program’s capabilities.

“What New Zealand’s government-backed home-building program shows is that building homes simply isn’t the government’s expertise,” said Mr. Brossard. “Once again, the source of the problem isn’t too little government intervention; it’s too much.”

According to the Canadian Mortgage and Housing Corporation, Canada needs an additional 4.8 million homes to restore affordability levels. This would entail building between 430,000 to 480,000 new units annually. Figures on Canada’s housing starts show that we are currently not on track to meet this goal.

The MEI points to high development charges and long permitting delays as key impediments to accelerating the pace of construction.

Between 2020 and 2022 alone, development charges rose by 33 per cent across Canada. In Toronto, these charges now account for more than 25 per cent of the total cost of a home.

Canada also ranks well behind most OECD countries on the time it takes to obtain a construction permit.

“KiwiBuild shows us the limitations of a government-led approach,” said Mr. Brossard. “Instead of creating a whole new bureaucracy, the government should focus on creating a regulatory environment that allows developers to build the housing Canadians need.”

The MEI viewpoint is available here.

* * *

The MEI is an independent public policy think tank with offices in Montreal, Ottawa, and Calgary. Through its publications, media appearances, and advisory services to policymakers, the MEI stimulates public policy debate and reforms based on sound economics and entrepreneurship.

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Mark Carney Thinks He’s Cinderella At The Ball

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And we all pay when the dancing ends

How to explain Mark Carney’s obsession with Europe and his lack of attention to Canada’s economy and an actual budget?

Carney’s pirouette through NATO meetings, always in his custom-tailored navy blue power suits, carries the desperate whiff of an insecure, small-town outsider who has made it big but will always yearn for old-money credibility. Canada is too young a country, too dynamic and at times a bit too vulgar to claim equal status with Europe’s formerly magnificent and ancient cultures — now failed under the yoke of globalism.

Hysterical foreign policy, unchecked immigration, burgeoning censorship and massive income disparity have conquered much of the continent that many of us used to admire and were even somewhat intimidated by. But we’ve moved on. And yet Carney seems stuck, seeking approval and direction from modern Europe — a place where, for most countries, the glory days are long gone.

Carney’s irresponsible financial commitment to NATO is a reckless and unnecessary expenditure, given that many Canadians are hurting. But it allowed Carney to pick up another photo of himself glad-handing global elites to whom he just sold out his struggling citizens.

From the Globe and Mail

“Prime Minister Mark Carney has committed Canada to the biggest increase in military spending since the Second World War, part of a NATO pledge designed to address the threat of Russian expansionism and to keep Donald Trump from quitting the Western alliance.

Mr. Carney and the leaders of the 31 other member countries issued a joint statement Wednesday at The Hague saying they would raise defence-related spending to the equivalent of 5 per cent of their gross domestic product by 2035.

NATO Secretary-General Mark Rutte said the commitment means “European allies and Canada will do more of the heavy lifting” and take “greater responsibility for our shared security.”

For Canada, this will require spending an additional $50-billion to $90-billion a year – more than doubling the existing defence budget to between $110-billion and $150-billion by 2035, depending on how much the economy grows. This year Ottawa’s defence-related spending is due to top $62-billion.”

You’ll note that spending money we don’t have in order to keep President Trump happy is hardly an elbows up moment, especially given that the pledge followed Carney’s embarrassing interactions with Trump at the G7. I’m all for diplomacy but sick to my teeth of Carney’s two-faced approach to everything. There is no objective truth to anything our prime minister touches. Watch the first few minutes of the video below.

Part of the NATO top-up we can’t afford is more billions for Ukraine which is pretty much considered a lost cause. NATO must keep that conflict going in order to justify its existence and we will all pay dearly for it.

The portents are bad. This from the Globe:

We are poorer than we think. Canadians running their retirement numbers are shining light in the dark corners of household finances in this country. The sums leave many “anxious, fearful and sad about their finances,” according to a Healthcare of Ontario Pension Plan survey recently reported in these pages.

Fifty-two per cent of us worry a lot about our personal finances. Fifty per cent feel frustrated, 47 per cent feel emotionally drained and 43 per cent feel depressed. There is not one survey indicator to suggest Canadians have made financial progress in 2025 compared with 2024.

The video below is a basic “F”- you to Canadians from a Prime Minister who smirks and roles his eyes when questioned about his inept money management.

He did spill the beans to CNN with this unsettling revelation about the staggering numbers we are talking about:

Signing on to NATO’s new defence spending target could cost the federal treasury up to $150 billion a year, Prime Minister Mark Carney said Tuesday in advance of the Western military alliance’s annual summit.

The prime minister made the comments in an interview with CNN International.

“It is a lot of money,” Carney said.

This guy was a banker?

We are witnessing the political equivalent of a vain woman who blows her entire paycheque to look good for an aspirational event even though she can’t afford food or rent. Yes, she sparkled for a moment, but in reality her domaine is crumbling. All she has left are the photographs of her glittery night. Our Prime Minister is collecting his own album of power-proximity photos he can use to wallpaper over his failures as our economy collapses.

The glass slipper doesn’t fit.

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