Feels like a bad choice.
this post was submitted on 10 Mar 2026
55 points (92.3% liked)
Canada
11788 readers
546 users here now
What's going on Canada?
Related Communities
π Meta
πΊοΈ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
ποΈ Cities / Local Communities
- Anmore (BC)
- Burnaby (BC)
- Calgary (AB)
- Comox Valley (BC)
- Edmonton (AB)
- East Gwillimbury (ON)
- Greater Sudbury (ON)
- Guelph (ON)
- Halifax (NS)
- Hamilton (ON)
- Kingston (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Niagara Falls (ON)
- Niagara-on-the-Lake (ON)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Sarnia (ON)
- Saskatoon (SK)
- Squamish (BC)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Whistler (BC)
- Windsor (ON)
- Winnipeg (MB)
Sorted alphabetically by city name.
π Sports
Baseball
Basketball
Curling
Hockey
- Main: c/Hockey
- Calgary Flames
- Edmonton Oilers
- MontrΓ©al Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Soccer
- Main: /c/CanadaSoccer
- Toronto FC
π» Schools / Universities
- BC | UBC (U of British Columbia)
- BC | SFU (Simon Fraser U)
- BC | VIU (Vancouver Island U)
- BC | TWU (Trinity Western U)
- ON | UofT (U of Toronto)
- ON | UWO (U of Western Ontario)
- ON | UWaterloo (U of Waterloo)
- ON | UofG (U of Guelph)
- ON | OTU (Ontario Tech U)
- QC | McGill (McGill U)
Sorted by province, then by total full-time enrolment.
π΅ Finance, Shopping, Sales
- Personal Finance Canada
- Buy Canadian
- BAPCSalesCanada
- Canadian Investor
- Canadian Skincare
- Churning Canada
- Quebec Finance
- Canada Grown Business
π£οΈ Politics
- General:
- Federal Parties (alphabetical):
- By Province (alphabetical):
π Social / Culture
- Ask a Canadian
- Bières Québec
- Canada Francais
- Canadian Gaming
- EhVideos (Canadian video media)
- First Nations
- First Nations Languages
- Indigenous
- Inuit
- Logiciels libres au QuΓ©bec
- Maple Music (music)
Rules
- Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 5 years ago
MODERATORS
Does seem weird to keep propping up a country that's actively fighting a trade war with us, encouraging separatism in Alberta, and openly discussing an invasion.
We sold our gold in 2018 to buy US bonds. We are idiots.
Why are we buying debt of a country headed into a recession/depression and massive inflation?
load more comments
(13 replies)
US has been borrowing $50B a week for the last 5 months. You have to be an idiot to buy into that scheme.
https://news.y0.exchange/article/us-borrows-50b-weekly-for-5-months-cbo-reports-unsustainable-debt
Sigh
Friendly reminder (June 2025 article): Nearly half of national public pension plan is invested in U.S. β and only 12% in Canada
There has been no official update or scrutiny on this close to trillion dollar investment almost a year later, which is hundreds of billions in the US. This is just one of the Canadian government's investments that is heavily invested into the US. Hard to say that Canada is doing any actions rather than just talking with a big mouth?
Right, you'd think dumping US bonds and investing in Canada would be the obvious move here.
This could be the result of a smart, passive approach. I'd be hesitant to let anyone with strong ideological investment strategies run our pension.
But isn't this also leverage?
In what way, how could Canada practically threaten the US with this?
It gives us a "nuclear button" where we can threaten with massive sell-offs that could tank the value of US bonds. To counter it they would have to basically raise interest rates and/or print money. Sure it would hurt us too, but not before hurting them more. Now if you also place this in a context of coordination with other debt owners (Europeans, Chinese), we can really hurt them.
First question is, massive sell off to whom? Second, it's obviously going to have a have a huge impact on our own economy. It's not going to hurt them more because the US is a much bigger economy than us. Can you show me a historical instance of this sort of threat actually working in practice?
If this gave any actual leverage then China would be keeping their bonds instead of doing a fire sale right now. The only countries buying up US bonds are the ones that are under the US thumb right now.
First question is, massive sell off to whom?
Any bonds that are at their due date are required to be paid out by the US treasury.
Most holders of US bonds have a revolving collection of them, so some are coming due on a regular and continual basis.
Admittedly, that's not a mass sell-off, but it still puts pressure on the US if everyone starts doing it .
Sure, if everybody started dumping US assets in a coordinated fashion that would hurt the US, we both know is not going to happen though. So, in reality Canada is simply making itself more dependent on the US. There's no need to do mental gymnastics to pretend that this is some 4D chess.
I don't pretend to know anything about international finance. I'm repeating what I've heard.
load more comments
(1 replies)
in reality Canada is simply making itself more dependent on the US.
And doing so in a relatively carefully manner so as not to hurt ourselves unnecessarily.
Making ourselves more dependent on a hostile power is precisely what's hurting us unnecessarily. Incredible that people can't seem to understand this.
So what's your point here?
IIT you are both arguing it's bad Canada held onto these investments while saying Canada cannot actually dump them without hurting itself
load more comments
(9 replies)
You may be misunderstanding the data. This isn't government holdings of treasuries. It's public and private holdings, so it includes both the BoC holdings and the holdings of private investors. The government's holdings at the BoC stayed pretty much the same over the year. The increase basically all comes from private investors, and the government can't choose to sell their treasuries.
Friendly reminder (June 2025 article): Nearly half of national public pension plan is invested in U.S. β and only 12% in Canada
There has been no official update or scrutiny on this close to trillion dollar investment almost a year later, which is hundreds of billions in the US. This is just one of the Canadian government's investments that is heavily invested into the US. Hard to say that Canada is doing any actions rather than just talking with a big mouth?
Insane
view more: next βΊ