Canada’s finance minister has described the country’s out-of-control housing prices as an “intergenerational injustice”, as political leaders struggle to rein in a spiralling affordability crisis.
Chrystia Freeland, who also serves as Canada’s deputy prime minister, said the issue is her top domestic concern.
British economist Mariana Mazzucato wants to remake capitalism by shaping economic growth around objectives such as tackling social inequality and sustainability. Her ideas attracted the interest of British Columbia’s Jobs, Economic Recovery and Innovation Minister, Ravi Kahlon, who sought out the economics professor at University College London, and she spent a year helping draft a new economic plan for the province. In a telephone interview with The Globe and Mail’s Justine Hunter, Prof. Mazzucato explains the concepts behind the new “Stronger BC” economic blueprint, which is designed to build back from the pandemic and the climate catastrophes of 2021.
Some will say the food prices we are about to experience –and the crisis it will create– was deliberate. Others will say this was the cumulative outcome of major failures on the part of the government. At this point the former makes more sense, and the latter looks like a justification and excuse, because if government entities were really serious about food prices and shortages, they would be taking pragmatic steps to mitigate the problem; they are not.
Conventional economic wisdom says that in a time of economic stress, raising taxes is a bad idea. In that light, the recent increase in carbon tax & proposed increases in other taxes defy sense and can only be attributed to messianic zeal.
Canada’s Liberals find themselves in a bind ahead of this week’s budget: the economy has recovered from the pandemic, yet Prime Minister Justin Trudeau has pledged billions in new stimulus, a political poker chip that could further torch runaway inflation.
The Port of Churchill on Hudson Bay can help unite and enrich our nation, while providing the energy supplies our European Allies need.
Canada’s significant economic challenges are a result of misguided government policy, and can’t be solely blamed on recent crises.
A trucker shortage worsened by the Trudeau government’s cross-border vaccine mandate is expected to triple by next year, and an interprovincial mandate “would be just catastrophic,” a livestock industry leader has warned.
Canada’s economic recovery from the COVID-19 pandemic is well underway. In February 2022, Canada added 337,000 jobs, bringing our unemployment rate to 5.5% – the lowest since the start of the pandemic. In fact, Canada’s economic recovery is outpacing the ability of many employers to find workers. To support Canada’s continued economic growth, the Government of Canada is focused on building a strong, resilient workforce in all sectors.
As Finance Minister Chrystia Freeland puts the finishing touches on her 2022-23 budget to be unveiled Thursday, she should focus on a report predicting Canada’s economic growth is poised to be dead last among advanced countries for four decades.
Six months after Ontario’s tourism industry was promised $100 million to help it recover from the effects of the COVID-19 pandemic, not a penny of that money has flowed to businesses.
The delay leaves hundreds of tourism operators across the province in limbo as they try to prepare for what they hope will be their busiest summer in three years.
Recent calls for Ottawa to scrap its planned April 1 carbon price hike could easily be viewed as opportunistic attempts from opponents to turn back the clock on government fossil-fuel measures. Or cynical appeals to segments of the electorate who question the value of carbon taxation. Or self-serving lobbying from business interests who have a knee-jerk objection to any tax increase.
Which all could be true. But delaying the increase could also be a very good, very practical idea – one that even the supporters of the federal carbon tax should embrace.
The Section 301 tariffs on billions of dollars worth of China-made products were first imposed by former President Trump after a decades-long free trade consensus in Washington, D.C., that has eliminated 3.7 million American jobs from the U.S. economy from 2001 to 2018.
The reason Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in the USA, 100% of social security is invested in US government bonds that pay well below 8% and this has undermined the fund going forward. Biden is following the FDR playbook and since COVID failed to produce the Great Depression they were counting on, they are shifting to PHASE 2 which is war.
As the pricing increases, lower income households should continue to receive rebates, but middle- and upper-class households should be expecting to pay hundreds, if not thousands.
