Bank of Canada raises rate by 50 basis points, predicts potential recession in the first half of 2023
OTTAWA – The Bank of Canada has raised its overnight rate to 3.75 per cent from 3.25 per cent. Since March, the central bank has increased its policy rate six times, aimed at tackling inflation and bringing it back to its 2 per cent target.
The bank predicts Canada could see a potential recession in the first half of 2023, according to its latest Monetary Policy Report.
“GDP growth is then projected to slow to between 0 per cent and 0.5 per cent through the end of 2022 and the first half of 2023,” reads the report. “This suggests that a couple of quarters with growth slightly below zero is just as likely as a couple of quarters with small positive growth.”
From the Star… Bank of Canada hits Canadians with growth-crushing hammer in latest interest rate hike
So let’s get this straight.
The economy has ground to a halt, and Bank of Canada governor Tiff Macklem is raising rates anyway —and quite aggressively.
The central bank released its new projections for the Canadian economy on Wednesday morning, and while it didn’t quite call “recession,” the new numbers for economic activity have been revised down to show basically no growth right now and in the near future.
You will pay and pay and pay for Justin’s policy choices not Justin’s cronies.
Immigrants make up nearly a quarter of Canadian population: census
The latest release of 2021 census data shows immigrants make up nearly a quarter of all people in Canada, and are projected to represent a third of people in the country by 2041.
Immigrants now make up the largest portion of the population since Confederation, with more than 8.3 million people in the country who were, or had ever been, a landed immigrant or permanent resident.
Statistics Canada says immigration is the main driver of population growth, in part because of the aging population and low fertility rates in the country.
Diwali Riot – Khalistani Separatists Clash with Canadian Indians Celebrating Diwali in Mississauga
Khalistani Separatists Clash with Canadian Indians Celebrating #Diwali in Mississauga https://t.co/eSY6bLZqJq pic.twitter.com/mbWDruHyUP
— News18 (@CNNnews18) October 26, 2022
Toronto man charged after wild video shows suspects fleeing from cops at protest
یورش اتوموبیل یکی ازمخالفان #تجمع_اعتراضی در #تورنتو به سمت یک معترض و فرار از دست پلیس pic.twitter.com/C7VBQMCOms
— VOA Farsi صدای آمریکا (@VOAfarsi) October 23, 2022
Sad to see @IrwinCotler allowing himself to be used this way in the wake of the Laith Marouf affair #cdnpoli https://t.co/sD9343RKU2
— Norman Spector (@nspector4) October 25, 2022
Windsor Municipal Candidate Spews Anti-Israel Venom On Facebook: Where Is The News Media?
He took the Blue Hat…
Celebrated Diwali and Bandi Chhor Divas at Nanaksar Gurdwara in Brampton last night.
Thank you to everyone in the community for your warm welcome and blessings pic.twitter.com/w1H7SQ3pBL
— Pierre Poilievre (@PierrePoilievre) October 25, 2022
Inside the ‘anti-hate’ materials Saskatchewan is trying to banish from schools
The materials claim, with little evidence, that Canadian schools are awash in right-wing extremism
… Developed using $268,400 in federal funds and actively promoted by the Trudeau government, the materials are pitched to teachers as a way to “prevent hate” in the classroom. But according to the Saskatchewan Ministry of Education, the 53-page package is a “not high quality” and loaded with political bias.
Saskatchewan isn’t the first to criticize the toolkit. In a recent blog post, former Conservative leadership candidate Leslyn Lewis claimed that the toolkit was itself “shockingly hateful.” Earlier this year, the toolkit briefly obtained national attention due to its assertion that Canada’s pre-1965 flag was a hate symbol.
Laith Marouf and this left-wing extremist shit pass for anti-hate in Trudeauland.
Hail Mary By Justin’s Journos – Let’s run with that “Foreign ‘adversaries’ may have leveraged ‘freedom movement’ to ‘advance agendas’ angle … again
Unnamed foreign “adversaries” may have leveraged the Canadian “freedom movement” protests to advance their own interests, a newly-disclosed intelligence report suggest.
According to previously secret assessments by the Ontario Provincial Police’s (OPP) intelligence branch, the “available information” on Feb. 19 suggested that foreign actors may have pushed support for the movement, which fueled the convoy blockades in Ottawa and across the country, “to protect or enhance their own strategic economic and political interests.”
Again? First they did then they didn’t, now they did! Anything for Justin!
Insiders: Ottawa Police have a problem… How to stage Constable Kristina Neilson’s public apology sessions.
What if citizens at the ‘Restorative Justice’ meetings publicly state their support for Constable Neilson?
“Insiders say the Ottawa Police will tightly control the ‘Restorative Justice’ apology sessions included in the proposed sentence for Constable Kristina Neilson – but there is an internal debate as to whether the sessions should be invitation-only or open to the public.”
Federal government would not commit to meeting with protesters to de-escalate convoy, inquiry hears
Leaders from the Freedom Convoy would not have been able to meet with Prime Minister Justin Trudeau nor Governor General Mary Simon, but might have been able to secure a meeting with high-ranking officials in the federal government in exchange for an end to the occupation.
The proposal for a meeting was the subject of many discussions and emails between Feb. 10 to 13 between the Deputy Minister of Public Safety Canada, Rob Stewart, Royal Canadian Mounted Police (RCMP) and Ontario Provincial Police (OPP) officials, according to evidence presented to the Public Order Emergency Commission (POEC) on Tuesday.
LA’s enterprising homeless hook up washing machines to street power lines
Images and video show homeless in Los Angeles syphoning water and power in camps sprouting throughout the city’s streets – with some of the brazen encampments even boasting working washing machines.
Homelessness is a dominant issue in the state’s upcoming mayoral election, with a large field of candidates promising to do more on an issue that has placed Los Angeles in an unwelcome national spotlight.
Sagging tents, rusting RVs, and makeshift structures have become commonplace along Hollywood Boulevard to Venice Beach – and even in the shadow of City Hall.
HUNTER: New anti-gun laws won’t prevent a single murder or shooting
In Alan Carr’s seminal book Easy Way to Quit Smoking, the man who once hammered five packs a day made a startling discovery at an anti-tobacco conference.
None of the participants had ever smoked.
More than 30 dead in tribal fighting on ‘Island of love’
Tribal warfare on Kiriwina Island in Papua New Guinea’s east has left 32 people dead and 15 others missing, with fighting continuing.
The fighting erupted on Monday between the Kulumata and Kuboma people on the island, which is in Milne Bay province.
A team of police from the nation’s capital, Port Moresby, were deployed on Tuesday to contain the situation, said Peter Tsiamalili Jnr, the internal security minister. Tsiamalili Jnr said that the commissioner of police David Manning was in charge of the operation.
Ottawa police thought allowing protest trucks on Wellington Street would protect rest of the city
The incident commander in charge of policing the protests in Ottawa last winter allowed protesters to park in front of Parliament Hill because he thought that would protect the rest of the city from disruptions, documents tabled with the Emergencies Act inquiry this morning say.
While Ottawa Police Insp. Russell Lucas told the Public Order Emergency Commission he was concerned about a January 6-type insurrectionist attack happening in Ottawa, he told the commission he did not believe allowing vehicles to park in front of Parliament Hill posed a risk because the House of Commons was not sitting that week and he felt he had enough officers to respond if protesters attempted to storm the Hill.
‘Quite troubled’: MPs demand explanation from OPP over ‘wildly different’ statements on Freedom Convoy
OTTAWA — MPs unanimously voted to demand answers from the Ontario Provincial Police on its “wildly different” testimony about the security threat posed by the Freedom Convoy protests.
In a rare show of parliamentary unity, members of all parties on the Commons public safety and national security committee approved a motion requiring an “immediate response” from the OPP regarding an apparent “contradiction” between what its commissioner told the committee in March about the protests and what its head of intelligence said to the Emergencies Act inquiry last week.
Ukraine arms manufacturer charged with treason over bugged phone calls
Alleged recordings of the head of a major Ukrainian aircraft manufacturer accused of aiding the Russian military – saying he “completely understands” why a Russian missile was fired at his factory – have been released by Kyiv’s security services after his arrest at the weekend.
Vyacheslav Boguslaev, the president of Motor Sich, has been charged with treason after a raid at the weekend on his home in the southern Ukrainian city of Zaporizhzhia. The manufacturing heavyweight is suspected of selling engines – before and after the invasion – for Russian attack helicopters that have been used extensively against Ukrainian troops.
Muslim Preacher Wants to Visit Attacker in Jail, San Diego District Attorney Says ‘What Attack?’
Uthman Ibn Farooq, the San Diego Muslim preacher who told the world he was stabbed by an “Islamophobic” Christian in March 2022, has responded to an FWI story indicating that the stabbing never took place.
In a YouTube video posted earlier today (Oct. 20), Uthman claimed to debunk FWI’s reporting, but provided no details about the identity of the attacker. He did state however, that his unnamed attacker had been arrested on hate crime charges, pleaded guilty to lesser charges, and is now serving time in jail and could be transferred to a prison for the rest of his sentence. Uthman said he has forgiven his attacker and hopes to visit him in jail so he can invite him into the fold of Islam.
‘A medical atrocity’: Pediatric surgeon compares ‘gender transitions’ to Nazi experiments
A pro-life pediatric surgeon and medical school professor recently spoke out against the ongoing trend of addressing gender dysphoria with hormonal and surgical interventions, calling the practices “a medical atrocity” and malpractice.
Dr. Michael Egnor, a professor of neurosurgery and pediatrics at the Stony Brook University’s medical school in New York, spoke with The Federalist editor Emily Jashinky during a podcast interview on Friday about the issue of so-called “gender transitions” in modern medicine.