It's Just An Economy

Yep:

Canada's economy added 378,000 new jobs in September, Statistics Canada says, almost all of which were full-time positions.

September's job gains mean that the job market is now within 720,000 positions of where it was in February, before the advent of COVID-19 in Canada.

 

Yes, about that:

Canada lost 240,800 jobs in September, extending a run of declines that began in March, a report from payroll services provider ADP showed on Thursday, with last month’s decline paced by the trade, transportation and utilities sector.

The August data was revised to show jobs declined by 770,600 rather than by 205,400. The report, which is derived from ADP’s payrolls data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.

A carbon tax is a life tax but I digress ... :

A new study from the Fraser Institute analyzes 31 OECD countries which have implemented carbon pricing regulations, arguing that most of these countries, including Canada, are failing to abide by textbook economic models in the implementation of carbon pricing systems, thereby "undermining their theoretical efficiency."

Governments have been struggling for decades to understand how greenhouse gas (GHG) emissions can be controlled and regulated. While traditional approaches have included "command-and-control regulations" and government financial incentives, economists have since developed more market-based approaches to handling GHG emissions, leaving them largely divided between cap-and-trade and carbon taxes.

The rationale for these measures originates from an economic concept known as "the tragedy of the commons." The concept refers to economic externalities which negatively impact society as a whole, but do not have any special impact on those involved in a transaction. While economic transactions between two or more parties generally account for the costs and benefits sustained by all, they fail to account for "the commons," causing the negative (or positive) impact on society to be ignored in their pricing mechanisms.

 

 

It's just money:

Pandemic wage subsidies will cost $83.6 billion by year’s end and are expected to surpass $100 billion this winter. The Department of Finance would not comment on the final cost: “It was like arriving at a house fire.”

** 

Parliament gave nearly half a billion in foreign aid to Ukraine without any overall plan to ensure money was spent wisely, says a Department of Foreign Affairs audit. The report concluded Canada “did not respond cohesively” to needs in the poorest parts of the country, but hired a gender equality advisor at its embassy in Kyiv: ‘Ukraine remains one of the poorest countries in Europe.’

 

 

Fat chance of that happening:

As part of my offend-everyone plan, language like “The next generation may be hard pressed to handle a large stock of inherited debt” is not well-calculated to dispel any looming stupor. But not because its English translation “We’re putting our kids in hock up to their eyeballs” is wrong. The problem is that if people were willing to listen to such analysis, it wouldn’t be necessary. It would be intuitively obvious, and we wouldn’t be in this mess.

 

 

(Merci)