…The ballooning labour force made for cheaper labour that encourages business to skimp on investment in technology and equipment – which leads to lower productivity.
Scotiabank senior vice-president and chief economist Jean-François Perrault notes that Canada already has a productivity problem and low business investment.
Corporate Canada sees that as a feature not a bug.
OTTAWA—Conservative Leader Pierre Poilievre is accusing corporate Canada — including natural resources companies and housing developers — of “sucking up” to the Liberals and is urging them to actively campaign against the government.
The audience for his latest salvo at the corporate sector was the sector itself, a Greater Vancouver Board of Trade breakfast, which Poilievre acknowledged isn’t the kind of crowd he talks to that often.
He told a room of business leaders and numerous Conservatives that his affection for the business world lies with the entrepreneurs who risk it all to make a living — not the lobbyists or CEOs who only focus on what’s best for themselves.
As Canada maintains immigration at rates unseen in its history, an increasingly large share of those newcomers are finding that they hate it here, feel hoodwinked by the Canadian government and want to go home.
As Canadians struggle to keep up with rising costs, ‘unconventional’ living arrangements are becoming more common.
Earlier in February, Brampton Mayor Patrick Brown announced that 25 students were found to be living illegally in an apartment in a discovery made by the city’s bylaw department. Brown stated at a Committee of Council meeting that there could be about 100,000 residents living in illegal rental units in Brampton and the city intends to crack down on the issue, Toronto Sun reported.
The growth crisis deepens. The latest figures from Statistics Canada confirm that Canada suffered yet another decline in per capita GDP in the fourth quarter of 2023: the fifth decline in the past six quarters, the worst sustained drop in more than 30 years. Per capita GDP, after adjusting for inflation, is now below where it was in the fourth quarter of 2014, nine years ago.
Wondering why rents in Canada are breaking records?
The Bank of Montreal’s chief economist, Douglas Porter, says there is “zero mystery.”
The population of people 20-to-29-years-old in Canada has suddenly shot up 6.2 per cent in a year. That’s nearly double Canada’s recent overall population jump, which is also breaking records.
Canada is taking in more immigrants than it ever has. But new data suggests that fewer and fewer of them are becoming citizens.
The proportion of eligible permanent residents acquiring citizenship has dropped significantly, especially during the last census period. A study released by Statistics Canada on Wednesday shows the proportion of permanent residents who acquired Canadian citizenship after they met the residency requirement has decreased from 75 per cent in 1996 to just 46 per cent in 2021.
While the rate of newcomers acquiring citizenship has declined consistently during the past six censuses, the drop was steep in the latest national survey, particularly among recent immigrants with lower levels of education, lower family income and lower language skills.
Another Trudeau legacy – Migrants with ZERO loyalty or concern for Canada.
When Raghunath Poshala immigrated to Canada from India in 2018, he was promised a better life for himself and his family.
“Everybody said it’s a first world country — education and healthcare are free. So, I thought it’d be a better place for us to raise a family,” the 39-year-old explained over the phone.
Just a day after the federal government announced a review of its program to support Indigenous contractors, CTV News has learned the CEO of a company that prompted the review is an employee of the Department of National Defence (DND).
David Yeo is the CEO of Dalian Enterprises, which received $7.9 million for its work on the ArriveCan app.
No one is surprised at Liberal party corruption, it’s expected in a banana republic.
“It’s hard not to feel disappointed in your government when every day there is a new scandal.”
— Justin Trudeau (@JustinTrudeau) October 17, 2013
Canada’s radical immigration experiment, which has given it one of the world’s fastest rates of population growth, has run into big trouble in the ring of suburbs and small cities around Toronto.
A post-pandemic surge of international students is causing prices for rental housing to soar and placing a spotlight on the uncontrolled growth of colleges that, according to the government’s own immigration minister, are taking advantage of vulnerable young people with inferior academic programs. Much of the blame is falling on Prime Minister Justin Trudeau, who oversaw a tripling in the number of foreign students to more than 1 million. Today, about 1 in 40 people in the country is on a foreign-study visa.
The human-rights group Canadian Friends of Hong Kong says it won’t participate in Canada’s public inquiry into foreign interference, citing what it calls grave concerns about the standing granted to three politicians with alleged ties to the Chinese government.
In January, an organization representing Uyghur Canadians announced it was withdrawing from the public inquiry over the same matter. The refusals to participate threaten to undermine the commission’s ability to hear from all vulnerable communities facing persecution from China.
Finance Minister Chrystia Freeland is handing a 10-year tax holiday worth $2.1 billion to electric auto battery manufacturers, government documents show.
Government amendments to Income Tax Act regulations grant the decade-long tax waiver to battery factories on top of the billions in subsidies they are already receiving.
“The cost of foregone federal tax revenue associated with the regulatory amendment is estimated to be about $2.1 billion over 10 years starting in 2024,” reads a Regulatory Impact Analysis Statement first obtained by Blacklock’s Reporter.
Some days you’re the dog and some days you’re the tree.
Housing minister Sean Fraser must have had that arboreal feeling as he read a Canadian Press story that said as immigration minister he ignored warnings from his department that allowing foreign students to work more than 20 hours a week could lead to “program integrity” concerns.
In other words, there was a concern among officials that hundreds of thousands of foreign students could arrive in Canada to work in low-skilled jobs and do a little studying on the side while, in the meantime, driving up housing costs.
Housing minister denies he ignored warning about immigration levels and housing supply
OTTAWA – Housing Minister Sean Fraser said he didn’t ignore warnings as immigration minister about the number of new Canadians the country was accepting exceeding the number of houses the country was building.
The Liberals immigration targets set to plateau next year at 500,000 permanent residents are twice what the targets were when they came to office in 2015.
Fraser appeared at the House of Commons finance committee, where Conservative MP Jasraj Singh Hallan demanded to know why he had failed to act on that warning in his last cabinet post as immigration minister.
There is no “labour shortage” – Canada’s much-touted labour shortage is mostly a mirage
… Despite that apparent shortage, wages are not rising in response. That could be explained in part by a lack of pricing power by some employers. They may not be able to increase their own prices enough to absorb the cost of higher wages.
The heart of the answer, however, is the rise in the number of temporary foreign workers who are willing to work for cut-rate wages and are not as able to shift jobs nearly as easily as Canadian residents. The number of such workers has exploded since the pandemic, jumping to 120,000 at the end of 2022 from 73,360 at the end of 2019.
Our Captains of Industry loved indentured servants.
Canada’s electric vehicle manufacturing subsidies are not “investment” – they are economic illusions. There has been over $40-billion worth of Canadian federal and provincial handout announcements, including up to $15-billion for Stellantis and LG, up to $16.3-billion for Volkswagen, $7.3-billion for Northvolt, and a continuing race to give billions to Honda and others. As Dutch, South Korean, German, Swedish, and Japanese companies build their value chains using Canadian taxpayers’ dollars, what’s in it for Canada?
