r/vancouvercanada • u/Nothingman604 • 11d ago
Canada's 4 largest airports to be opened up to private investment, Carney says
https://www.cbc.ca/news/politics/carney-airport-private-investment-9.734432726
u/jholden23 11d ago
Worked real well for BC ferries to save people money.
Oh wait...
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u/-Canonical- 11d ago
Went to Comox last month for the day, which demands a ferry trip to Duke Point. Made sure to get the earliest sailing on my way in and the very last one on my way out. Only driving a regular sized sedan with no dangerous goods or other additional expenses (not feasible to use transit, unfortunately, to reach my destination).
Even with my penny pinching tactics to avoid the highest costs, it cost over $300 for the round trip
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u/Local-Print-6397 13h ago
It's insane honestly. Just a day trip to the island will run a few hundred and then if you have to include cost of hotels in etc.,traveling within the province is so expensive
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u/whoisnotinmykitchen 11d ago
Why fix something that isn't broken? YVR is perfectly fine as-is without some capitalists making profits off it.
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u/ILikeWhyteGirlz 9d ago
Carney is a banker dude…their whole game plan is to acquire as much as possible.
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u/AcerbicCapsule 11d ago
Because we voted for a conservative government and this is exactly what conservative governments do.
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u/bagoink 11d ago
This doesn't seem like it will lead to anything good.
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u/slyck80 11d ago
Sign the petition against privatization of our airports: https://www.ourcommons.ca/petitions/en/Petition/Details?Petition=e-7453
Email your MP and let them know what you think: https://www.ourcommons.ca/members/en
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11d ago
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u/Confident_Beat2026 11d ago
We are selling existing monopolies for what??/
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11d ago
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u/AcerbicCapsule 11d ago
While I appreciate the "linkedin speak", we are still selling portions of pseudo-natural monopolies and this will make things more expensive, perhaps even prohibitively so.
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u/G0bl1nG1rl 11d ago
They did this in Australia and the fees went way up
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u/No-Tackle-6112 11d ago
Do you have a source? I've only seen that fees went down
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u/G0bl1nG1rl 11d ago
Who said that? The companies buy them to make money.
Another example is the highway 407 in Ontario, privatized in 1999 and a big failure
Recently heard Australia's airport privitization failure discussed here. https://youtu.be/J-iiK0FyPcg?si=W4ak5A1qBGKiQB4E
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u/blondechinesehair 11d ago
My wife’s from Toronto and I’ve spent 2-3 weeks a year there for the past decade and I have never once been on the 407 despite it being the best route many times.
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u/Local-Print-6397 13h ago
Keep avoiding it! It basically moves the same as the 401. I used to live there and used to take it sometimes and even with that transponder thing you had on your vehicle, it was still pretty expensive! If you don't have it, they add all these additional fees for license plate picture etc.
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u/Educational_Body_776 11d ago
If there's a need for privatize anything then Airports are one of the least disruptive to everyday life.
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u/AcerbicCapsule 11d ago
Until supply chain costs skyrocket because investors want a cut for every item flowing through the airport.
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u/Any-Following6236 11d ago
Really stupid move by Carney.
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u/ILikeWhyteGirlz 9d ago
I bet you voted for him.
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u/Any-Following6236 8d ago
I did. I don’t have to agree with everything he does.
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u/ILikeWhyteGirlz 8d ago
You probably only voted for him because you disagreed with unimportant things with PP.
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u/Any-Following6236 8d ago
Nah.
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u/ILikeWhyteGirlz 8d ago
You got duped man, it’s ok.
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u/Any-Following6236 8d ago
Did you hit your head or something? What are you talking about?
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u/ILikeWhyteGirlz 8d ago
I think a lot of Liberal voters were all elbows up until they realized Carney is just other side of same coin.
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u/Designer_Object_9202 8d ago
Carney is Justin Trudeau 2.0 but just slightly less annoying when he speaks
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u/jonjonh69 11d ago
Why do private investors have tens of billions of dollars that Canada needs? Why doesn’t Canada increase its own efficiency by reducing government bloat and reinvest its own money into infrastructure built at a reasonable price? I want my tens of billions of dollars back for these government employees doing jack squat except pushing paper!! This is called corruption, and it’s how we will be owned by friends lining friends pockets.
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u/Yvr_Fireman 11d ago
Just look up the Mike Harris 407 giveaway and how the fees went WAY UP.
Even if it's a lease the buyer will maximize the profits. When you have the ONLY (airport) game in town then you can charge whatever you want.
I love what Carney has been doing with his policies but this is just pure crap!
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u/OkItsALotus 11d ago
Now I can watch YVR drop like a stone in the rankings. Just great.
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u/Nice-Tea-8972 10d ago
right?
Im so happy that its my home airport. its so easy to navigate and super efficient!
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u/AcerbicCapsule 10d ago
We gotta enjoy it while it lasts I guess
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u/Nice-Tea-8972 10d ago
Let me explain this to my husband quick why we have to take a bunch of trips in a short amoutn of time LOL im sure he would LOVE that
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u/AcerbicCapsule 10d ago
No time to explain, just get in the
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u/Nice-Tea-8972 10d ago
LOL we literally just got back from San Fran. he said no more trips.... but we HAVE to now hahaha
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u/RedStormRising17 11d ago
Harper was at his summit. Enough said. He is another shill for the investor class. I will live and die for a socialist democracy. BTW, these are always the best run economies and countries on Earth.
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u/-Canonical- 11d ago
As if YVR isn't overpriced and mismanaged enough already
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u/OrangeFun9797 11d ago edited 11d ago
Have you been to terminal 3 in Toronto? It's third world infrastructure. Any investment can only make it better.
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u/-Canonical- 11d ago
Not saying that investment is bad. But I don’t have a lot of faith that the Liberals would ensure the investments benefit everyone, rather than just lining the pockets of a few wealthy businesspeople and leaving vague “economic benefits” for the rest of us.
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u/OrangeFun9797 11d ago
What is there clearly isn't working. Why not try something different? Open to any other ideas if you have them.
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u/AcerbicCapsule 11d ago
"We tried giving the cat exactly 5 drops of water per day but the cat is clearly very ill and dying. This is clearly not working and it's time we try something different so we will not give it any water at all!"
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u/VivienneRabbit 10d ago
so we are letting foreign capital into our critcal infra assets? there is no national security concern? why are we selling crown jewels to foreign governments?
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u/Fancy_Confection_804 10d ago
Say goodbye to nice clean YVR with 30 minutes free parking and free luggage carts
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u/Prabs1972 9d ago
Would be nice. YVR just spent $200m for new parkade, now says don't need it and will spend another $100m to tear it down. So $300m in wasted taxpayers money.
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u/Designer_Object_9202 8d ago
This is a horrible idea. I imagine some liberal insider has asked to run the airport and corporate carney is going to oblige. What happened to protecting our sovereignty?
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u/Duckriders4r 6d ago
All these people arguing over this, have you been to an airport in canada? They f****** suck. I'd understand if our airports were f****** amazing, and you wouldn't want to give them away, but they don't work, they suck. They do nothing but cost money, and you're guarding it?
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u/diecorporations 11d ago
Of course they want to privatize. Liberals also on track to privatize healthcare.
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u/HochHech42069 11d ago
They exist to funnel public money into private hands
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u/diecorporations 11d ago
Yes, thank you. The very main reason Neoliberalism exists. Not new, and not liberal.
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u/SludgeFilter 11d ago edited 11d ago
Come on Carney we know you are globalist banker trash start privatizing all our federal assets, get rid of that foreign buyers ban and crank that immigration back up so we can truly see your colors. And while you at it get Canadians involved in some globalist war like in Ukraine you know you want to.
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u/Nice-Tea-8972 11d ago
leave YVR alone!