Massive money printing has a devastating impact on Canadians, while benefitting those closest to the Bank of Canada.
Economy
Joe Biden Promises to Let Taxpayers Pay for Gasoline They Already Purchased
Apparently the people behind Joe Biden realize the ridiculous prices at the gas pump are going to be a major political issue for them in the next election. As a result, they have decided to release 50 million barrels of oil from the strategic petroleum reserve (SPR), enough for approximately 3 days of demand.
Labour shortage and supply chain crisis will cause “perfect storm” heading into Christmas season: report
For many Canadians, Christmas may be a challenging time as a result of ongoing supply chain issues and severe labour shortages.
According to a report by Express Employment Professionals, the combination of high demand, labour shortages and supply chain issues will lead to the “perfect storm” this Christmas season.
In its report, Express indicates that in addition to supply chain delays, the biggest issue for Canadians is a shortage of jobs in the supply chain network.
“Please do not hoard items”: Empty shelves in BC prompts warning from premier
British Columbians are reporting empty grocery shelves as recent flooding and weather events have put a strain on the province’s supply chain.
Politicians are ignoring Canada’s inflation crisis
Canada’s inflation rate has risen to a 20-year high, affecting the price of everything from to groceries are families and small businesses are already grappling with the pandemic’s financial toll. Despite this, Justin Trudeau infamously said he doesn’t think about monetary policy, and the government’s response has been virtually non-existent.
U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace
If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month.
About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve — a monthly record — was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.
“Asia”.
FERNANDO: Trudeau’s Regressive Inflation Tax Is Hurting Canadians
According to state institutions, Canada’s inflation rate is 4.7%. Many doubt that number, as the rise in prices appears to be much higher, and it is well-known that statist politicians have a clear interest in downplaying inflation and keeping the reported number as low as possible.
Whatever the true rate is, it is clear that prices are rising quite rapidly.
However, even that is a bit of a misnomer.
It’s not really that ‘prices’ are going up, rather the value of our money is going down.
‘Mounting Evidence’ Biden Asks FTC To Probe Alleged Price Gouging By Gasoline Providers
The president suggested to Federal Trade Commission (FTC) Chair Lina Khan that the regulatory agency should “immediately” initiate a review of the alleged practice of needlessly hiking gasoline prices, according to the letter posted on Twitter by White House spokesperson Vedant Patel.
Trudeau risks stoking inflation with stimulus plans: Scotia economist
Finance Minister Chrystia Freeland is expected to give the government’s first major statement on taxes and spending since Trudeau’s Liberal Party won re-election on Sept. 20, including tens of billions in new spending. She should refrain from adding that stimulus to an already hot inflationary environment, Scotiabank’s Rebekah Young said Monday.
White House Gives Game Away When Asked Why They Haven’t Dealt With Rising Gas Prices
You may have noticed that the Biden team has been completely lacking when it comes to doing anything to deal with gas prices. Energy Secretary Jennifer Granholm laughed her head off when asked about Americans having to deal with the rising prices, claiming there was nothing they could do, that it was up to OPEC.
The average home price in Canada rose over 50 per cent last year
As reported by CBC , “The Canadian Real Estate Association says the average price of a home in this country has gone up more than 50 per cent in the last five years. Nationally, the average home price in September was up 13.9 per cent from the same month last year.” This is obviously a boon for those who already own a home in Canada, but it represents key opportunities for growth for those who are not yet involved with the property market – or those who are interested in further investment.
Biden Makes Energy Wildly Expensive While Trying to Sell ‘Green’ Alternatives
The Biden administration’s energy bait and switch is as devious as it is simple, and American families need to be on guard. It works like this: First, undermine America’s domestic and affordable energy supply, which then drives up prices all across the country. Step two is forcing a total reliance on solar and wind that somehow is magically “less” expensive.
“Great Resignation” continues: 4.4 million quit jobs in September
Where have all the workers gone? Employers have asked that all year, and rather than improve, the situation has gotten worse. September walk-outs set a new record with 4.4 million American workers quitting, breaking a record set the previous month of 4.3 million in what people are calling the “Great Resignation”.
Farmers are struggling with extremely high fertilizer prices
Local farmers are struggling with sharply increased costs. Nitrogen fertilizers currently cost almost three times as much as in the previous year, said the President of the Austrian Chamber of Agriculture, Josef Moosbrugger, at the APA. Significantly increased prices for animal feed, energy, building materials, spare parts, machines and other operating resources would also put a “considerable” strain on the balance sheets of agricultural and forestry operations.
Canadians facing a Christmas tree shortage this holiday season
Canadians who want to celebrate the holidays with a perfectly plucked Christmas tree this year may need to make some compromises due to the amount of supply versus demand.