RE:RE:RE:RE:RE:RE:RE:REITs smell BoC Rate Hike"Adding 1-1.5 million foreigners to Canada in 2023"
I wonder about this too. Not only do all need to be housed but the accomodations need electricity and heating. Just how much spare capacity is in the energy infrastructure? I suspect, not very much. They won't allow new pipelines to be built. They shut down the nuclear and coal generators. There's no more rivers to be dammed up. Will wind and solar do the trick for millions more people and how fast can it all be built? Hmm.
I am in CPX, Capital Power. They just did a news release
"Capital Power Corporation (TSX: CPX) (“Capital Power” or “the Company”) announced today that it has been selected as a successful proponent in the Ontario Independent Electric System Operator (IESO) Expedited Long-Term RFP. The two successful submissions include Capital Power’s York Battery Energy Storage System project (114 megawatt (“MW”) contracted capacity) and its natural gas-fired East Windsor Expansion (81 MW summer and 100 MW winter contracted capacities). These projects will provide new capacity in high priority areas, which will help to address the IESO’s forecasted shortfall."
Nice, of course, but notice the part about "Expedited" and "high priority areas" and "forecasted shortfall".
I'm not entirely convinced Canada really needs all these newcomers. I wouldn't be surprised if it's, put 'em on the public purse and get 'em to all vote Liberal. In effect, bussing, on an international scale.
"I think Canada is in a real bind here"
I foresee one heck of a mess.