As the consequences of Liberal policies and Bank of Canada enabling continue to be felt, many are wondering why so many Canadians supported those policies in the past.
Well, aside from the dishonesty of the Liberals and the establishment media boosting the Liberal narrative, another key reason is that people thought “somebody else” would pay for it.
A new report by University of Toronto (U of T) researchers found that almost six million Canadians experienced food insecurity in 2021.
The Household Food Insecurity in Canada 2021 study, led by U of T nutritional sciences professor Valerie Tarasuk’s research group PROOF, used data from 54,000 households in Statistics Canada’s Canadian Income Survey.
The report found that 5.8 million people, including 1.4 million children, lived in households facing food insecurity. The total number amounts to the equivalent of 15.9% of households across the 10 Canadian provinces.
Canada’s real estate bubble went from a small localized problem in pricey cities to a country-wide failure. Excessively long use of low rates from the Bank of Canada (BoC) drove tens of thousands of excess home sales over the past two years. Now that rates are rising, purchase volumes have suddenly cratered and prices are beginning to come back down to normal. Just how many excess sales did the BoC stimulate? Let’s crunch the numbers, but first we should explain the how and why monetary policy influences sales.
Canadians could see lower grocery bills as food prices drop for the fourth month in a row, according to a United Nations Agricultural Organization report.
Any society that wants to achieve durable, long-term success must incentivize saving.
Savings represent both the ability of a society to be productive and generate excess value, and confidence in a better future.
Smart societies thus seek to reward those who save, because those savings are the investment that drives a society forward.
By contrast, foolish and broken societies punish those who save.
They reward irresponsibility and incentivize debt – often by making it nearly impossible for many to hold onto their standard of living without it. They devalue the national currency, destroy confidence in the future, and push a kind of thinking that is increasingly short-term and destructive in the long-run. They bail-out those who fail at the expense of those who succeed, and concentrate economic power in the hands of the state and those affiliated with it.
What type of society do we have today?
After months of dismissing the country’s inflation crisis as a “global phenomenon,” the Trudeau government finally acknowledged the fact that Canadians were struggling with the costs of everyday goods and services. In June, the government unveiled an “affordability plan” to combat inflation – $8.9 billion of government programs.
While finance minister Chrystia Freeland touted the government’s plan as a means of putting “more money in the pockets of Canadians at a time when they need it most,” many economists pleaded with the government to stop spending, arguing that the burden of lowering inflation is falling on the private sector as the government continues to spend at record levels.
Now with a looming recession, many Canadians are looking to their leaders to steer Canada out of its current economic situation. Is Prime Minister Justin Trudeau’s gender-balanced cabinet capable of handling a recession? We intend to find out.
As the Bank of Canada (BoC) continues to raise interest rates, the majority of Canadians are losing confidence in the central bank’s ability to deal with the inflation crisis.
Prime Minister Justin Trudeau’s Liberal government is pushing forward with imposing requirements on Canadian farmers to reduce nitrous oxide emissions from fertilizers, the same reduction mandates that have caused farmers in the Netherlands to engage in mass protests.
The Liberals are arguing that their 30 percent nitrous oxide reduction target is purely about emissions and not fertilizer, but it would be impossible to meet those targets the government wants to implement without cutting back on the use of fertilizer, which is the biggest contributor to emissions.
Despite widespread outrage from provincial agricultural ministries, Marie-Claude Bibeau, the federal Minister of Agriculture and Agri-Foods, said that she believes farmers will go along with the 30 percent reductions willingly.
Gonna party like it’s 1789.
Benchmark home prices could fall more than 12% through early next year from the market’s peak, a bigger decline than any of the four national downturns of the past 40 years, according to a report Friday by Royal Bank of Canada economist Robert Hogue.
Sales are also expected to slump 23% this year and 15% next year, RBC said. That total decline of 42% since early 2021 would outrank the 38% drop in 2008 and 2009.
Justin Trudeau can take solace from the fact that inflation probably won’t get much worse than June’s reading of 8.1%. The Canadian leader’s political problems, however, are just beginning.
Statistics Canada said Wednesday that annual consumer price gains hit their highest since January 1983, a week after the Bank of Canada surprised markets by hiking interest rates by a full percentage point to beat down inflationary pressures.
Those back-to-back signals make clear that the overheating economy no longer needs the large budget deficits that have characterized Trudeau’s reign as prime minister.
A majority of Canadians aren’t confident in Prime Minister Justin Trudeau’s ability to deal with inflation.
According to a Maru Public Opinion poll commissioned by Yahoo News, 55% of Canadians said they don’t believe Trudeau has a “solid plan” to weather the country through economic troubles.
More than half of Ontarians believe they’ll be priced out of the city or town where they currently live, a new survey has found.
Conducted by Right at Home Realty, the research shows that housing affordability “continues to be a major concern” for those who do not own a home in the province.
In 2019, Justin Trudeau increased Canada’s budget for international assistance to $6.2 billion dollars. In 2020, the Liberals increased foreign aid assistance by 7.7 percent over the previous year.
The 2021 federal budget added an additional $1.4 billion for international assistance over a five-year period. Most foreign aid donations involve transferring funds to the World Bank, International Monetary Fund and African Development Bank.
Let us understand this in basic terms. Each year, our ruling government extracts approximately $7 billion dollars from Canadian taxpayers, and ships the funds to the World Bank, International Monetary Fund, and the African Development Bank.
The governor of the Bank of Canada showed immense incompetence and arrogance, dismissing Pierre Poilievre’s warnings about higher interest rates – warnings which proved prescient.
