Tuesday’s federal budget will include a tax increase on the richest Canadians, sources tell Radio-Canada.
It’s not clear exactly what form the tax measure will take but senior Liberal sources have told Radio-Canada that it will affect less than 1 per cent of Canadians.
Prime Minister Justin Trudeau and his ministers have been on a countrywide tour in recent weeks to make a series of pre-budget announcement.
h/t DS
There is much to take away from all the recent analysis and counter-analysis of foreign interference in Canada’s elections — and none of it is good.
In summary, our government minimized the threat to our electoral process, admitting that while there “may” have been “some minor” efforts to sway voter intention, when all was said and done the results were not affected. (I am waiting for someone to explain how this conclusion was drawn: does the government know the reasons individual Canadians voted and the reasons for their choice of party/candidate?)
If it benefits the LPC then Justin approves.
Justin Trudeau seems to have forgotten that he has been in power for the last eight years.
The prime minister keeps promising to tackle the latest “crisis” as if it had only just arisen, rather than being a problem created by the Liberals.
Since 2015, Justin Trudeau has been a Pied Piper, playing a tune jaunty enough to make just enough Canadians follow his fiscal path. On the campaign trail that year, after a decade of fiscal austerity under Stephen Harper, Trudeau broke political orthodoxy with a new song: modest deficits and a return to balanced budgets within three years.
It was radical (especially considering the NDP leader of the day was promising to balance his first budget), but 75 per cent of Canadians polled at the time were all in. Trudeau won the election.
If you listen to Canadian politicians, the solution to our housing crisis seems to be some combination of immigration reform and a herculean countrywide building effort.
But Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures an issue politicians are less likely to address.
Namely, that we, as a country, have become addicted to ever-rising home prices, largely because we’ve been conditioned to see our homes as financial assets.
This is a bit WEF’y for me.
The other dirty secret is that while Trudeau talks housing crisis he really doesn’t do anything that will decrease real estate prices as that would hurt his base of urban voters.
Last week was pivotal for economic indicators. The Bank of Canada has opted to maintain its benchmark interest rate steady, while recent data revealed that inflation in the U.S. is accelerating again.
The U.S. economy appears robust, which sharply contrasts with Canada, where there is an anticipatory hope for a “soft landing”—a scenario that includes avoiding recession while achieving full employment. However, the economic data from Canada indicate significant headwinds in productivity and wealth creation.
It takes approximately four private sector jobs to sustain one public sector position.
Is there a productivity crisis in Canada? Absolutely. https://t.co/rqHQ9YxJsh
— The Food Professor (@FoodProfessor) April 15, 2024
Prime Minister Justin Trudeau’s national security adviser sent him a briefing in 2017, warning about unwarranted investigations by Chinese police in Canada, according to a declassified document.
The warning came at a time when Ottawa was pursuing closer relations with the communist regime, including a potential free trade agreement. A year earlier, as part of preliminary talks toward a free trade agreement, Canada had also agreed to negotiate a possible extradition treaty with Beijing.
Earlier this week in Ottawa, I sat in the beautiful Bambrick Room of the Library and Archives Canada building and witnessed the Prime Minister of Canada along with his key ministers give sworn evidence to the Public Inquiry into Foreign Interference in Federal Electoral Processes and Democratic Institutions (PIFI).
Punishment for thoughtcrimes is the new normal in Canada.
Americans may wish to look up north to see how the latest attacks on free thought and expression are proceeding. In Canada, governments, universities, and self-regulating organizations regularly attack the core civil rights that have long allowed individuals in English-speaking democracies to flourish and innovate: the right to think and to speak.
Have you ever tried to commit genocide? You may well think the answer is ‘no’, but one day you could wake up surprised to find the police knocking on your door and telling you that the answer is actually ‘yes’ – you just hadn’t realised the fact. This, at least, may end up being your fate if you are unlucky enough to live in Canada these days, a country where, so fashionable and du jour has genocide now become, that even the nation’s Prime Minister, Justin Trudeau, has recently got in on the act, at least according to this widespread online meme…
Despite forecasts for stronger-than-expected growth in early 2024, a majority of Canadians just don’t like where the economy is headed , according to the latest results of a long-running survey of households’ financial outlook.
Two-thirds of Canadians believe the economy is on the wrong track, Maru Public Opinion found in its March survey, with the negative view widely held across most regions of the country.
Albertans were most concerned about the economy’s trajectory. Almost three-quarters said they viewed the economy negatively, a seven percentage point increase from February, followed closely by Ontarians at 70 per cent, a six-percentage-point jump. Just over two-thirds of Quebecers thought the economy was headed in the wrong direction as did 55 per cent of British Columbians.
Economists and experts say they’re expecting the federal government to raise taxes in Tuesday’s budget to help offset billions of dollars in new spending already promised in the pre-budget announcements that have been landing almost daily since the end of March.
Those announcements add up to more than $38 billion in commitments over a number of years. Because $17 billion of those commitments involve loan-based programs, about $21 billion could hit the government’s bottom line directly.
Iran launched its first full-scale military attack against Israel on Saturday, unleashing a barrage of missiles and drones on dozens of targets across the country. Sirens filled the air well into Sunday morning as Israel’s Iron Dome air defence system picked off the incoming projectiles one by one.
While certainly dramatic, the weekend’s developments shouldn’t come as a surprise to anybody who has been watching the region’s politics closely since the Hamas-led Oct. 7 terror attacks in southern Israel.
Exclusive footage of Iran's 🇮🇷 drone and missile strikes against Israel 🇮🇱
👇 pic.twitter.com/y2AM5jWnN9— Dr. Eli David (@DrEliDavid) April 14, 2024
The prime minister is not getting ahead in public opinion polls. Could he still be feeling pretty good about his performance last week at the foreign interference inquiry?
Markus Krebber, the head of Germany energy giant RWE, warned that the effects of Germany’s current energy crisis could permanently damage the ability of German industry to grow at full scale.
Think about that. German Chancellor Olaf Scholz came to Canada six months after Russia cut off half of Germany’s gas supply looking for LNG (liquified natural gas) supplies from us. We could have helped an ally save their economy, yet our “green” fanatic prime minister refused.
