Category Canada

Jul 11 2024

Trudeau Considers Additional Housing Tax


Posted originally on Jul 11, 2024 By Martin Armstrong 

Canadian Prime Minister Justin Trudeau

Inefficient politicians consistently cite additional taxation as the solution to their nation’s economic troubles. The housing crisis in Canada is has spread to every province. Instead of addressing availability, the disproportionate demand brought on by multiplying the nation with migrants, or any of the countless fiscal policies that have contributed to inflation, the Canadian government believes it is the duty of citizens to subsidize their wealth as a temporary solution.

The Trudeau Administration has been trying to paint the housing crisis as a conflict between the social-economic classes. All those greedy citizens who saved for homes are preventing new homeowners from entering the market. Trudeau basically said this when appearing on the podcast Generation Squeeze, an organization that is pushing to add an annual surtax on homes over C$1 million. They believe houses between C$1 million to C$1.5 million, even if a primary residence, should face a 0.2% surtax that would eventually rise to 0.5%. Homes over C$2 million would face a 1% surtax.

What about older Canadians who have been residing in their family homes for decades? They may not necessarily be rich but they purchased when the landscape was different. Trudeau said those who “scrimped and saved” simply fail to understand that the younger generation can no longer do the same due to the economic environment he helped to create.

https://youtube.com/watch?v=ZE1ha0L7160%3Ffeature%3Doembed

“GOVERNMENT BUREAUCRATS DON’T BUILD HOMES!” – Conservative Leader Pierre Poilievre

I mentioned in a separate post that 13.5% of young Canadians under 24 cannot find entry-level work. Unemployment is on the rise and young people cannot afford to save what little they have. All Canadians are feeling the constraints of inflation, with household debt rising to over 100% of GDP and the debt service ratio surpassing 15.22%. People are paying for the luxury of even having debt.

This thoughtless plan does not count for the fact that home prices are continuing to rise. C$1 million may sound high, but the average home in British Columbia is around C$965,447, with those in Ontario facing an average price of C$853,915. The average home cost around C$657,145 across all provinces in 2023, but that average was only C$391,820 just 10 years ago. The Canada Mortgage and Housing Corporation (CMHC) believes the average home will reach C$$746,410 by next year.

This is not a tax on the wealthy, though that would not be a solution, rather, this is a tax on hardworking Canadians who are struggling to maintain what they have left. This tax is in addition to the countless other grabs that the government is expecting from homeowners. There are federal initiatives that currently spend billions on new construction, such as the Canada Housing Infrastructure Fund, which spent C$6 billion toward new construction. What’s the point of increasing the supply when you’re increasing the overall population more rapidly? Trudeau did not offer ANY other solution during his interview because he had none to offer.

Jul 10 2024

Canada’s Job Market – Where are the Jobs?


Posted originally on Jul 10, 2024 By Martin Armstrong 

Jobs

Unemployment in Canada ticked up by 0.2% in June to 6.4%, yet the economy lost 1,400 jobs. Around 1.4 million Canadians were looking for work as of June 2024, a 42,000 person increase from May. Overall employment has fallen in eight of the past nine months to 61.1% in June. So where are all the jobs?

Canada’s population surpassed 41 million, marking an all-time high. Canada’s population has surpassed 41 million, but it is not due to new births. Statistics Canada declared that the population rose 0.6% or 242,673 people since last quarter, standing at 41,012.563 as of April 2024. The nation rose by 1.27 from 2022 to 2023 or a 3.2%. . Nearly all population growth (99.3%; 240,955 people) was solely attributed to migrants arriving in Canada.

Trudeau said that immigration was crucial for in-demand labor roles, and his “temporary immigration” laws led to more permanent residents. Jobs once secured by the youth (under 24) rose to 13.5% in June, a ten-year high. Young people are unable to enter the job market as unskilled labor positions have been filled. Statistics Canada has said that the overall workforce is up 588,500 in the past 12 months, but the economy has only added 343,400 positions, and only 165,500 of those positions are full-time.

Unemployed

Inflation has caused businesses to offshore or reduce their workforces. The Bank of Canada kept rates artificially low for over four years and then shocked the markets with swift raises. BoC Governor Tiff Macklem insists the labor market has simply “cooled,” but Canada is in trouble here.

The cost of living is up, and wages must follow. Wage growth accelerated 5.6% in June from 5.2% in May. There is a sector shift happening as well. Services have declined by 14,1000 jobs, with positions in transportation and warehousing and information, culture and recreation, declining. Agriculture and food services have seen recent  upticks instead.

Long-term unemployment, people without work for over 27 weeks, has risen to 6.4%. Analysts were expecting the job market to grow by 22,500 positions last month but Canada lost 1,400 positions.

There are too many people and not enough jobs or houses to accommodate everyone. The cost of living is simply too high. Many businesses are turning to migrants to fill labor shortages simply due to costs or offshoring roles to companies in nations like India. Students and young adults are unable to even participate in the workforce as those roles have been taken by foreigners who also likely receive aid from the government. A good portion of them are sending those paychecks back home and not recirculating their earnings into the Canadian economy. The entire Canadian economy needs a major overhaul, but this “cooling” in employment is quickly snowballing into an unemployment crisis.

Jul 10 2024

Household Debt in Canada Exceeds 100% of GDP


Posted originally on Jul 10, 2024 By Martin Armstrong 

CanadaNationalDebt

World leaders spend recklessly with no regard for the overall economy. Canadian Prime Minister Justin Trudeau has fallen out of favor for one primary reason – the cost of living is too high. Canada is deeply indebted, and now ranks the third-highest nation in household debt in the world.

Switzerland and Australia are the only nations exceeding Canada’s debt levels. Government debt has SOARED in recent years, now exceeding C$1,139.98. This figure was only C$721.36 billion in 2020 before Trudeau used the pandemic as an excuse to bulk up social programs.

CanadaHouseholdDebt

As for household debt, that figure exceeded 100% of GDP by the end of 2023. The debt-to-income ratio reached 178.22% by Q4 2023, but that was the LOWEST on record compared to the past nine quarters. Household debt as a percentage of the overall GDP reached 103.54% in Q4, also slightly down from prior quarters. During the pandemic lockdowns in Q3 of 2022, this figure peaked at 184.52%.

The United States, also in dire conditions, reached 75% of household debt in relation to GDP. This means that Canadian families are deeply in debt and unable to spend or contribute to economic growth.

The housing crisis in Canada is a major contributing factor, with two-third of the total debt going solely to mortgages. No one was prepared for the rise in rates, which went from 0.25% in March 2022 to 5% in July 2023 before slightly dropping to 4.75% last month.

And yet, Trudeau speaks of finding more aid to fund foreign wars and support the millions of migrants that have entered Canada. He speaks of raising taxes and increasing spending through social programs and green initiatives, but nothing meaningful is being done to address Canada’s debt crisis.

Jun 24 2024

Canada’s Population Explodes Surpassing 41 Million


Posted originally on Jun 24, 2024 By Martin Armstrong 

https://youtube.com/watch?v=ylhneBq_sg0%3Ffeature%3Doembed

Canada’s population has surpassed 41 million, but it is not due to new births. Statistics Canada declared that the population rose 0.6% or 242,673 people since last quarter, standing at 41,012.563 as of April 2024. The nation rose by 1.27 from 2022 to 2023 or a 3.2%. . Nearly all population growth (99.3%; 240,955 people) were solely attributed to migrants arriving in Canada.

“In 2023, the vast majority (97.6%) of Canada’s population growth came from international migration (both permanent and temporary immigration) and the remaining portion (2.4%) came from natural increase,” StatCan said in a statement. “This was the second straight year that temporary immigration drove population growth and the third year in a row with a net increase of NPRs (non-permanent residents),” it said. The number of new arrivals is increasing in 2024 at a rapid pace, far too rapid for the economy to maintain.

Now, government agencies claim that Canada’s population requires “temporary immigration” for labor and the population has grown by 100,000 migrants every quarter since Q3 2021. Canada’s unemployment rate rose in April to 6.1% from 6.1% in March, with the rate at only 5.3% in April 2023. The migrants are not filling in-demand labor roles. As with the US and every western country that permitted open borders, these people are living off of the tax payers and not producing anything. Trudeau totes that skilled labor is needed throughout Canada but the people coming in are not filling those roles either.

Trudeau has permitted an influx of migrants throughout the past six years at a pace that has only accelerated. Every recent poll has found that Canadians are concerned about the record number of new arrivals. The government has stated it would begin to cap immigration but that only applies to those entering legally.

Sentiment toward immigration has turned sour. Canadians are worried about inflation and the housing crisis. A Leger poll learned that 75% of Canadians felt that immigration was fueling the housing crisis. The Association for Canadian Studies and the Metropolis Institute surveyed Canadians in January 2023 and 21% reported that there were too many migrants. They conducted the same poll a year later and the number of concerned legal residents more than doubled to 50%. An Abacus Data survey found that 67% of Canadians believed the rate of immigration was far too high. Trudeau’s popularity is declining as Canadian society and culture begin to shift. The US is not the only country relying on an influx of immigrants and war to alter elections.

Jun 11 2024

Canada Institutionally Rationalizes Oppression


Posted originally on the CTH on June 10, 2024 | Sundance

Ever since the U.S. election of 2016, and to a lesser extent the Brexit referendum months earlier, I have read a dozen or so government publications about the general subject of interference in the election process.  What I find common amid each of those government reviews, is a general leftist theme that democracy must be protected from election outcomes.

I know that last sentence sounds a little goofy, but that’s because leftism is exactly that weird and fraught with hypocrisy.

Keep in mind, right now in Europe Ukrainian President Volodymyr Zelenskyy has banned any political opposition and cancelled elections in his country in order to “preserve democracy.”  Meanwhile, the western politicians clap like seals and beclown themselves in support of the ridiculous assertion.

Do you remember the statement, “words progressives do not support are defined as violence; and violence progressives do support are defined as protests.”

Well, in the electoral version of that same theme, election outcomes leftists do not support are defined as threats to democracy; while manipulated election outcomes the leftists do support are defined as trustworthy.

This is the essential context for a rather alarming publication from the Canadian Government that says many of their elected politicians are working for foreign governments.  The Canadian National Security and Intelligence Committee of Parliamentarians published a report last week saying unnamed lawmakers in Canada’s parliament (and there are many of them) have helped foreign actors meddle in Canadian government.

[READ REPORT – SOURCE HERE]

CANADA – […] Heightened anxiety in Ottawa about foreign interference comes in the middle of historic global elections where factors such as artificial intelligence and emboldened foreign powers are testing the resilience of democratic systems.

Prime Minister Justin Trudeau has been on the defensive since the allegations broke Monday. Conservative Leader Pierre Poilievre is calling on the government to name names.

“The national security committee indicates there are members of this House that have knowingly worked for foreign hostile governments,” Poilievre said Wednesday. “Canadians have a right to know who and what is the information — who are they?”

The findings put pressure on Canada’s national police force to investigate potential criminal charges. The report also refuels debate on the ability of the federal government’s deterrence mechanisms to curb foreign interference in a country whose political and legal system is considered one of the highest-performing in the world.

The committee with top-security clearance said it based its findings on more than 4,000 documents and some 1,000 pieces of evidence. Its report said China remains the largest foreign interference threat to Canada with India the second.

The intelligence included a claim that unnamed parliamentarians are taking direction from unnamed diplomats to “improperly influence” their colleagues or parliamentary business to the benefit of a foreign state.

[…] The Trudeau government called an inquiry into foreign interference in September in the wake of claims that the Chinese government helped mobilize voters against a Conservative candidate in western Canada and helped elect another as a Liberal in the Toronto area.

It tasked Justice Marie-Josée Hogue with investigating foreign interference and election meddling, a topic that has also captured the interest of U.S. Congress.

[…] An initial report released by Hogue last month observed that the government’s messy handling of foreign interference has undermined the public’s faith in Canadian democracy. (read more)

To reassure the public the Canadian government and Prime Minister Justin Trudeau’s administration have stated that sunlight on the named politicians who are working on behalf of foreign governments will not be permitted.

No one in public will be allowed to know which politicians are working as foreign agents.

If you are a Canadian trucker against COVID mandates, you are a threat to democracy.  If you are a Canadian politician working as a foreign agent, it’s all good.

How about that, eh?

Apr 23 2024

Canadian Govt Offers Vaccine Victim Suicide as Compensation for Paralysis


Posted originally on Apr 23, 2024 By Martin Armstrong

TrudeauVaccinationsCOVID

Kayla Pollock, 37, was a healthy woman from Ontario with no medical issues. Everything changed with Kayla took the Moderna mRNA experimental vaccine on January 11, 2022. Four days later, she collapsed and could lost feeling in her legs. Her doctor suggested she see a neurologist. Kayla woke up one morning in February and was unable to move her body. An MRI revealed that she developed a large lesion on her spinal cord. She never walked again.

Kayla’s boyfriend recorded her ER visit and the doctor clearly stated his “gut impression it was caused by the vaccine,” while another doctor stated “many people have had it [similar symptoms].” Her final diagnosis was transverse myelitis, an irreversible condition that deteriorates the transmission of messages along the spinal cord.

trudeauoutandabout

Kayla is no longer able to care for herself and requires live-in care. She lost her job, the ability to raise her son, and lives in constant pain. She has attempted to secure financial support through the Vaccine Injury Support Program (VISP) but was denied and reapplied numerous times. The Canadian government has repeatedly offered her the opportunity to enter the MAID program – government sponsored suicide.

She is seeking $45 million in compensation from Moderna, but Moderna was issued immunity from governments. In the end, what money could compensate for a life lost? Moderna, Pfizer, health agencies, and everyone coercing the public into receiving these vaccines violated the Nuremberg Code by forcing them to undergo experimental gene alteration. There was no consent as the public was uninformed on the risks involved.

Canadian PM Justin Trudeau has repeatedly stated that he did not force anyone to take the vaccine, and all world leaders have voiced similar sentiments. Yet they prohibited the public from participating in society if they did not take the vaccine. The unvaccinated were prohibited from traveling and entering public spaces and publicly condemned by society as a whole for years on end. Kayla said she felt as if it was her responsibility to take the vaccine against her better judgment. It was a “pandemic of the unvaccinated,” as we were told.

Trudeau Silenced Scientists

Trudeau said he “understood that vaccination was going to be the way through,” and insists that the vaccine was not mandated in Canada. Admittingly, Trudeau used strategic rhetoric to force the population to submit to medical tyranny. “I studied English literature, so words really matter to me. I tend to defer to the actual definitions of words when I use them,” he said on social media. “And therefore, while not forcing anyone to get vaccinated, I chose to make sure that all the incentives and all of the protections were there to encourage Canadians to get vaccinated. And that’s exactly what they did.”

People must be held accountable for their actions. Big Pharma, Fauci, the World Health Organization, hospitals, doctors, and all world leaders who imposed lockdowns must be held responsible to ensure something of this nature never takes place again. We are only now learning of the long-term effects of the vaccine. Our computer has highlighted 2026 as an uptick in the disease cycle. I am not saying that there will be another pandemic, but something is brewing, and the public must have the ability to make INFORMED decisions regarding their health autonomously.

Apr 13 2024

Petition to Remove Trudeau from Office


Posted Apr 13, 2024 By Martin Armstrong 

Apr 11 2024

Canada Accuses India of Election Interference


Posted originally on Apr 11, 2024 By Martin Armstrong 

Trudeau 7

The Canadian Security Intelligence Service (CSIS) issued a report accusing India and Pakistan of interfering in Canada’s federal elections in 2019 and 2021. India has called the claims “baseless,” but the CSIS said it will be on the hunt for meddling during the upcoming election.

“It is not Government of India’s policy to interfere in democratic processes of other countries. In fact, quite on the reverse, it is Canada which has been interfering in our internal affairs. We have been raising this issue regularly with them. We continue to call on Canada to take effective measures to address our core concerns,” stated India’s External Affairs Ministry spokesperson Randhir Jaiswal.

Canada’s next election is not until October 2025, but polls show that Canadians are eager for a change in leadership. A poll from January conducted by Nanos Research found that 46% of Canadians would like to cast their vote in 2024. The Canada Elections Act of 2007 changed the timeline for general elections, which are to be held the third Monday of October every four years. Yet, an election could be held earlier, according to Election Canada, “as long as it is no later than five years after the previous election.”

People are simply losing confidence in their government leaders. Canadians are not happy with their current conditions and want Trudeau out. As is common, his administration now must blame foreign interference for his loss in popularity.

Prime Minister Narendra Modi

The CSIS was granted extended powers by the Liberal government in 2015 under Bill C-51, the Anti-Terrorism Act. The CSIS is now able to actively interfere with potential terrorist activities, such as censoring websites, blocking the freedom of movement, or de-banking individuals as they did to the truckers during the Trucker Convoy.

“We have known for many, many years that many different countries take an interest in engaging in Canadian institutions and sometimes influencing, sometimes interfering, in the work of Canadian institutions,” Trudeau said. “I can assure people that we will continue to do everything necessary to prevent interference from whatever country it comes from.”

Threat-reduction matters could include parking a cop car outside of a potential terrorists home; government intimidation. They believe Sikh Canadians are being forced to vote in alignment with Indian policies, therefore, the CSIS will be watching them closely as the next election approaches.

There is no concrete evidence that an outside source interfered in Canada’s elections but that is not preventing the government from attacking foreign nations and alerting the public that they will be taking preventative measures to ensure the public votes accordingly.

Mar 18 2024

Toronto Police Suggests Permitting Auto Theft to Prevent Home Invasions


Posted Mar 18, 2024 By Martin Armstrong 

https://youtube.com/watch?v=UqNzoyv4Lgc%3Ffeature%3Doembed

Thieves have been knocking down doors in Toronto neighborhoods. The government is not permitting the police to curtail crime and has sided with the criminals over the Canadian public. Toronto Police Service Constable Marco Ricciardi is now urging residents to leave their keys in their cars to make it easier for criminals to steal. “To prevent the possibility of being attacked in your home, leave your [key] fobs at your front door because they’re breaking into your home to steal your car. They don’t want anything else,” Ricciardi said.

Major crime is rising in Toronto and throughout Canada, with Toronto actually being one of the safer cities. Auto theft increased by 37.7% last year, with 6,019 vehicles stolen, according to recent crime statistics. When compared with figures for 2021, auto theft increased by an alarming 50%.

https://youtube.com/watch?v=WFbY9pAacgs%3Ffeature%3Doembed

The top ten major offences reported by the Toronto Police Service for 2023 year to date include:

  • Assault—21,398 (up 10.4%)
  • Auto Theft—8,287 (up 37.7%)
  • Breaking and Entering—4,821 (up 18.9%)
  • Robbery—2,086 (up 8.1%)
  • Sexual Violations—2,175 (up 12.1%)
  • Theft Over $5,000—1,194 (up 24.5%)
  • Assault with a weapon—3,059*
  • Assault Causing Bodily Harm—688*
  • Breaking and Entering with Intent—656*
  • Robbery with a Weapon—637*

Toronto neighborhoods experiencing the most significant year-to-date increases in major crimes include:

  • Princess-Rosethorn—up 208.9%
  • Kingsway South—up 138.1%
  • Miliken—up 106.2%
  • Bayview Woods-Steeles—up 100%
  • Banbury-Don Mills—up 85.7%

Twenty-six neighborhoods in Toronto reported a >50% increase in major crimes in the past year. Homicides are now rising with 689 reported in 2019 compared to 874 in 2022. There were only 49 recorded homicides in 1999, so one must ask, what changed? The demographics changed. The economy changed. And legislation, mainly gun laws, have changed. Toronto police have been prohibited from carrying revolvers since the 1990s. It is far more difficult for a law-abiding citizen to obtain a firearm compared to criminals, and people simply cannot defend their homes or families.

The Toronto police department and the Trudeau Administration should be absolutely ashamed. They expect citizens to quietly permit criminals to steal their possessions, threaten their families, and pander to illegal activities since they are forbidden from protecting their selves. Perhaps Trudeau should eliminate his security detail and stand in solidarity with the people who must accept living in a lawless land.

Mar 14 2024

Canada to Incorporate Social Scores in Banking


Posted originally on Mar 14, 2024 By Martin Armstrong 

Debanking

The Canadian banking system is set to be radicalized by open banking framework. Proponents are framing this as a way for banks to easily share information and access user data. The truth of the matter is that this is an opportunity to merge social standings with banking to provide government complete control over our finances.

The organization Open Banking Excellence, a World Bank partner that originated in the UK, claims that it will host all of a bank’s relevant needs in one place. The organization, which has reached 40 countries, aims to “create exceptional platforms and content that promotes knowledge sharing, new thinking and partnerships within the industry – catalysing the adoption of Open Finance and Data for better financial inclusion worldwide.”

CBDC Cover

“It’s about having that fairer, more inclusive, more open society,” said Helen Child, founder of Open Banking Excellence. Open Society, well, that does sound familiar. Why is there a need for inclusivity and fairness in banking when it should come down to numbers? “It drives financial inclusion,” she added, “It’s democratizing data.”

Data. That will be worth more than gold as we move forward with a cashless society. There is no easier way to control the masses than to control their access to money, their ability to buy, trade, and freely move about. The Canadian Press outlined the true motive in plain sight: “One of the biggest areas of growth is in credit assessments. Under open banking, lenders could directly access an individual’s banking data, so they can look beyond credit scores. Consumers can also use it to build their credit scores, for example, by proving reliable rent payments.”

Looking beyond credit scores equates to determining if a person is fit to participate in the global economy based on their personal views. Look at what happened to Nigel Farage. He never committed a crime or did anything to warrant what many have called the “Farage fiasco.” Nigel was suddenly debanked by Coutts and was unable to access any of his checking or savings accounts. His credit cards were deactivated. He was unable to participate in society without a moment’s notice.

Nigel Farage 2019 WEC

Farage did his due diligence and found that there were countless people who experienced the same financial attack carried out by the banks on behalf of the government.

This is a widespread phenomenon. We saw it happening commonly during COVID lockdowns, where users were not permitted to access places if their digital COVID passports failed. In China, when banks were facing a liquidity crisis, the CCP simply denied depositors the right to access their money and blocked them from physically accessing their banks. The government successfully prevented a bank run. We saw a few celebrities debanked from the system for voicing unpopular opinions without any legal proceedings or crimes committed.

Canada is one of many nations hoping to use unofficial social scores to control the masses. All of these actions are setting the stage for how CBDC will operate, a collective network containing everyone’s personal data and accounts. Governments have already begun debanking individuals and these steps will make it increasingly easier to force the masses to bow down and relinquish all control to the almighty government.