Economy
Russian fury grows over Putin’s madness
The Kremlin is desperately trying to crack down on any dissent to the brutal invasion of Ukraine and a total of 13,500 demonstrators have now been arrested since the war was waged.
Anti-Putin sentiment is also hitting the high street with consumers told to limit the number of items in their shopping baskets as sanctions start to bite.
Rick Scott: Biden Is Making Iran, Venezuela Our Partners ‘To Save our Economy’
On Monday’s broadcast of CNBC’s “Squawk Box,” Sen. Rick Scott (R-FL) criticized the Biden administration for reportedly looking to boost energy production in Iran and Venezuela and stated that doing so would make the authoritarian Maduro regime and Iran’s dangerous regime partners “to save our economy” and argued that every day America waits to boost domestic energy production, “continues to put us in an awkward position.”
Posthaste: What $200 oil could do to Canada and the world economy — and it’s not pretty
“High oil prices really aren’t great for anybody,” Kevin Birn, vice-president at energy consultancy IHS Markit, told the Calgary Herald’s Chris Varcoe. “In energy-producing regions, there’s a lot of interest and excitement about prices when oil pushes past $80.
“But the longer-term consequences are also not good, even for the producers … People will try to reduce their use of energy because it’s eating into their disposable income too much and so you get demand destruction.”
Lack of pipelines costing us billions
Suggesting his brain is an irony-free zone, federal Environment Minister Steven Guilbeault told Bloomberg News last week that Canada can’t replace Russian oil and natural gas supplies to Europe because, “our export capacity is pretty much maxed out.”
Of course, the reason it’s maxed out is Canada’s lack of oil and natural gas pipelines, the same ones Guilbeault campaigned against in his previous life as a Greenpeace activist.
Energy Secretary Granholm Admits Biden Economic Pain and Gas Prices All Part of New Energy Transition
It was only a matter of time before someone had to admit what the instructions were within the Biden administration. Today, the video surfaces showcasing Energy Secretary Jennifer Granholm making the admission.
It’s happening in Canada too
It’s happening in Canada too https://t.co/LsRghUJRUD
— Mark (@undersail262) March 3, 2022
Majority of Canadians “can’t keep up with the cost of living”
A majority of Canadians are struggling to keep up with the rising cost of living, a new Angus Reid survey has found, with seven in 10 saying they worry about money regularly.
According to the Cost of Living Index, 53% of Canadians agreed or strongly agreed with the statement, “I can’t keep up with the cost of living.”
Toronto takes top spot from Vancouver as Canada’s priciest market
The Big Smoke comes with a big price tag for home. In fact, a new study shows Toronto became Canada’s most expensive housing market last month, a new report from RBC Economics shows.
Trucker Blockade of US-Canada Border Bridge Forcing Carmakers to Cut Production
On Feb. 7, Canadians protesting the nation’s cross-border vaccine mandate and other pandemic-related restrictions began a blockade of the Ambassador Bridge, a vital crossing over the Detroit River between the Motor City and Windsor, Ontario. Constructed in 1929, the bridge is a vital trade artery between the two nations with $323 million worth of goods crossing over it each day—over a quarter of the trade between the U.S. and its neighbor to the north.
Federal government won’t budge on vaccine mandate for truckers as convoy heads for Ottawa
In an interview with CBC’s Power & Politics, Alghabra said the government is not interested in alternatives like rapid testing for unvaccinated truckers. He said truckers and the wider industry have had months to prepare for the new regulations and drivers must now get the shot or stop driving over the border.
h/t Mauser 98
Conservative MPs accuse Trudeau of pushing ‘vaccine vendetta’ as convoy protest heads to Ottawa
Conservative MPs fiercely opposed to the federal government’s new vaccine mandate for cross-border truckers have slammed what they call Prime Minister Justin Trudeau’s “vaccine vendetta,” saying that the policy will disrupt the country’s supply chains.
The elites belittle the Truckers For Freedom Convoy and Freedom Rallies
Freedom rallies and the Truckers for Freedom Convoy both took place over the weekend, and saw tens of thousands of Canadians voicing their opposition to vaccine mandates, forced vaccines and other heavy-handed public health restrictions.
If You Thought the Supply Chain Crisis Was Bad Enough, DHS Could Make It Worse
The regulations state that anyone who enters a port or ferry terminal who is not a U.S. citizen, U.S. national, or lawful permanent resident must attest to his or her vaccination status, provide proof of vaccination, and provide “a valid Western Hemisphere Travel Initiative (WHTI)-compliant document, such as a valid passport, Trusted Traveler Program card, or Enhanced Tribal Card,” along with any other documents that U.S. Customs and Border Protection requests.
This may sound reasonable and fair, but the new regulations will exacerbate the supply chain crisis that has already made American life more difficult and contributed to inflation.