Not to worry. This provides a golden opportunity for the Bank of Canada to get interest rates down to the good old days of zero. If that doesn’t work, Justin can always blame Trump.
Canada had 1.5 million unemployed people in November, propelling its jobless rate to a near-eight-year high outside of the pandemic era and boosting chances of a large interest rate cut on Dec. 11.
…the youth unemployment rate for those aged between 15 and 24 years was the biggest contributor at 13.9 per cent.
Fraser Institute- Federal government out of touch with economic reality in Canada
On fare-dodging progressives, who freeload altruistically:
“I don’t pay,” said a 35-year-old man wearing an orange puffy vest and clutching a beige shoulder bag and a banana. The man said he earns $75,000 working for an Oakland-based climate nonprofit. “Muni should be free, to make it accessible.”
Or, my activist lifestyle should be subsidised by others, the less important.
A 25-year-old research associate for a Google-owned subsidiary who also earns $75,000 a year said she almost never pays the fare. “I’d say 99% of the time, I just walk on,” she said, adding that she saw everyone else doing it when she moved to the city three years ago. “It’s like a San Francisco thing, I guess.”
Ah, that community spirit, a triumph of fairness over selfishness, in a city of good people. Good people who steal as a matter of routine. Because when it comes to paying their way, well, they’d rather not.
Now that Robert F. Kennedy Jr. is playing on the other team, it’s clear that the knives are out. Heather Heying and Brett Weinstein review a recent hit piece in The Atlantic regarding RFK’s promotion of cooking with beef fat as opposed to seed oils, as if advocating the use of animal fat could never by anything but a conspiracy theory. The article is a classic example of pre-emptive stigmatization. As Heying relates:
Robert F. Kennedy Jr.’s view on fats is is about bucking convention, not promoting health. And so let’s just start with that with that subtitle, which again, the author, you know, may not have anything to do with the title of the subtitle, but I’ve seen this critique before. It’s, oh, he’s just a contrarian. And we’ve been called just contrarians. And it’s one of actually the most insipid and wrong and ridiculous contentions that actual scientists can be can be slapped with.
Global- What to know as Purolator, UPS freeze shipments amid Canada Post strike
These suspensions on top of the nationwide Canada Post strike are leaving Canadians with fewer and sometime more expensive options during the busy holiday shopping season.
Last week, the U.S. Postal Service also temporarily suspended Canada-bound mail due to the Canada Post strike.
Lets just call it… SNAFU.
Trust The Evidence- Adapt to the Frenzy: the ‘Quad-demic’
The Guardian reports the number of hospitals ‘with flu’ in England has more than quadrupled compared with last year.’ We’re told that the UKHSA is currently monitoring the activity levels of four illnesses that all peak throughout winter: Flu, COVID-19, respiratory syncytial virus and norovirus.
Spectator- The column you don’t want to read
Yet the biggest public health debacle in world history has been subject to a wilful public amnesia, as if it never happened. Surely you’ve noticed yourselves that the subject never arises in conversation, when so recently the C-word was all we could talk about. By ‘debacle’ I meant, of course, not the spread of the virus itself, but the spread of unprecedented, anti-democratic political overreach; of irrational, superstitious micromanagement of the disgusting, infectious proles; and of the high-handed, wholesale cancellation of civil rights.
No. No, you didn’t.
Blacklock’s- GST Benefit Worth Under $5
Cabinet’s GST holiday will save the typical Canadian $4.51, the Senate national finance committee was told yesterday.
“When it comes to retail, the average consumer will save approximately $4.51 over that two-month period per Canadian,” said Charlebois. “That is based on sales volumes.”
Nothing says abject failure like the imposition of draconian penalties in order to keep doctors from leaving socialized medicine.
Dubé tabled legislation, Bill 83, in the National Assembly on Tuesday that would require students who studied medicine in a Quebec university to devote the first years of their professional lives, as general practitioners or specialists, to working in public institutions…
A doctor refusing to follow the rules would face fines of between $20,000 and $100,000 a day and per insured act.
National Post- Trudeau’s unbelievably complicated tax holiday
Pokemon cards will be tax-free, hockey cards will not
Blacklock’s- Tax On, Tax Off ‘Really Hard’
Finance Minister Chrystia Freeland last night said it was “really hard to decide” what to tax or not under a GST holiday bill.
Great Replacement: Muhammad is UK’s most popular boys’ baby name for first time
For decades the NDP have tried to distance themselves from the Waffle Manifesto, The Regina Manifesto, and of course Tommy Douglas’s thesis, The Problems of the Subnormal Family. But it appears they have been reborn in the Trudeau government.
The decline of France continues unabated.
It seems unlikely that France will have a 2025 budget…A provisional budget, likely mirroring the 2024 budget, will probably be implemented….The public deficit is expected to exceed 6% of GDP in 2024. The Barnier government had hoped to reduce it to 5% by 2025, but without a budget voted for in 2025, this target will not be met. The provisional budget will be slightly restrictive, as tax scales will not be adjusted for inflation, but will not contain any real savings measures.
The 10y yield spread of French government bonds over their German peers widened to 88bp on Monday.
Toronto [Pre-Construction] Condos became wildly miss priced 6 years ago
And no one cared
People just kept on buying with a ridiculously false belief rents would increase massively & mortgage rates would be 2.49% forever
Buyers would snap up Pre-Con Condos at $1250 per sqft when Re-Sale Condos across the street were offered at $825 per sqft
WTF? It made no sense
It did not. And now the sense is remaking.
Will the camel’s back finally break in 2025?
Ten thousand illegals showing up at our borders “would throw our system completely off kilter,” he warns. CBSA is still dealing with the aftermath of 492 Sri Lankan Tamils arriving in British Columbia on a Thai cargo ship in 2010…
And while Immigration Minister Marc Miller cautions “not everyone is welcome here” — and promises he’ll enforce the rules — it’s difficult to paint over Canada’s well-established reputation as a country that rolls out the red carpet to asylum seekers. Each year, thousands of migrants enter Canada, without authorization, between official ports of entry.
Sun- Government job-growth rate in Canada outstripping private sector
Specifically, according to our new study, from 2019 to 2023 employment in the government sector (which includes federal, provincial and local governments nationwide) increased by 13.3% compared to just 3.6% in the private sector (including self-employment).
