Canada

Bank of Canada hikes benchmark interest rate to 1%

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday in its latest move to rein in high inflation.

The bank’s rate impacts Canadian businesses and consumers by influencing the rates they pay and receive on things like mortgages, GICs and savings accounts.

The bank slashed its rate to barely above zero in March of 2020 when the pandemic began.

While the move helped the economy to weather the unprecedented uncertainty of COVID-19, in recent months, inflation has come roaring back to its highest level in decades, prompting the central bank to start unwinding all that cheap credit.

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by Blazingcatfur••0•Posted inCanada

Spiraling housing prices are an ‘intergenerational injustice’, says Canada’s deputy PM

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.

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by Sarcasticat••0•Posted inCanada, Canada's incompetent Liberal Government, Economy

Manufactured Discontent: Canada Named Second Best Country For Racial Equality

Within contemporary Canada, persecution makes for strange bedfellows. Certain community affinities stand as a testament. Time was when racism against “minorities” stood as a singular category of social oppression. That was all so “2014.” Within post-modern society, sexual bigotry has progressed toward a social standard.

Today, we have racism, bigotry, xenophobia, homophobia and transphobia. Such “diversity” is not without purpose. Expand the qualifying categories, and the so-called anti-hate movement grows in power and influence. In PM Justin Trudeau’s Canada, lack of racial and sexual equality has come to underline all social maladies.

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by Sarcasticat••0•Posted inCanada, Race Baiting Grievance Mongers, Racist!

Trudeau says his immigration policies have inflamed housing crisis woes

Prime Minister Justin Trudeau took questions at a press conference on Monday he said that his government’s immigration policies have been a key contributor to Canada’s housing crisis.

“Population growth in this country hasn’t been matched by an equivalent growth in housing supply,” said Trudeau, in British Columbia.

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by Sarcasticat••0•Posted inCanada, Canada's Corrupt Liberal Government, Immigration invasion, Justin Trudeau - Pissant

Trudeau says “protests should always be legal” at stop in Victoria

At a press conference in Victoria, British Columbia on Monday, Prime Minister Justin Trudeau praised the right of Canadians to protest, saying he encourages people to express their disagreements with the government.

Trudeau made the comment in response to a question from reporters following an announcement highlighting the Liberal government’s 2022 budget spending on electric vehicles and infrastructure.

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by Sarcasticat••0•Posted inCanada, Canada's Corrupt Liberal Government, Censorship in Canada, Hypocrisy, Justin Trudeau - Pissant, Protest

John Ivison: Ottawa is buying armoured vehicles for Ukraine, but they won’t be enough

Roshel – Oligarch 500

The Trudeau government’s announcement of $500 million in military aid for Ukraine in the budget may finally unblock a bureaucratic logjam that has seen Canada’s words of support far outpace its actions.

Ottawa is understood to be in the final stages of naming a supplier of armoured personnel carriers to send to Ukraine, with Mississauga, Ont.-based Roshel expected to win the initial contract with its Senator APC armoured vehicle. Roshel was founded by Roman Shimonov, a board member of the Canada-Ukraine Chamber of Commerce, a decade ago.

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by Blazingcatfur••0•Posted in"Ukraine - Russia", Canada

Canadian Civil Liberties Association challenging Nova Scotia COVID-19 protest ban

A national civil rights group is before the Nova Scotia Court of Appeal today challenging an order from last spring that banned protests against COVID-19 health restrictions.

The Canadian Civil Liberties Association is appealing a court order granted to the provincial government in May 2021 that sought to prevent a protest from taking place during a COVID-19 wave.

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by Blazingcatfur••0•Posted inCanada

Canadians Didn’t Elect Trudeau To Work For The World Economic Forum

Lack of comprehension of a fundamental in Canadian governance has for decades eluded our citizenship. In terms of what political science refers to as “Classical Liberalism,” our country simply does not meet the standard.

Year after year, decade after decade, democratic governance in Canada has been under a process of erosion. The signs are obvious and apparent. Yet, because honest media reporting declines within the process, general society has difficulty recognising the transformation.

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by Sarcasticat••0•Posted inCanada, Canada's Corrupt Liberal Government, Justin Trudeau - Pissant, WEF

Matt Gurney: Liberals spending $8 billion for defence won’t fix dysfunctional military systems

After years of chronic neglect and underfunding, and in the more immediate aftermath of the Russian invasion of Ukraine, it was obvious that more money was going to be spent on defence. Senior Liberals, from the PM on down, had been hinting as much for weeks. First there was the F-35 announcement, and now Thursday’s news: a further $8 billion on defence immediately. More might come.

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by Sarcasticat••0•Posted inCanada, Canada's incompetent Liberal Government, military