It's Just Money

Apparently, it can be printed without any negative effects whatsoever:

Consumers are expected to cause a significant rebound in the economy as Canadians return to normal and begin spending a hoard of cash.

 

This cash?:

Higher-income households are more likely to say that their debt situation has improved compared to before the pandemic. Those with lower incomes, on the other hand, are more likely to say things have gotten worse.

Younger Canadians, in particular, are more likely to report both that it’s become more difficult to keep up with debt payments and that they’ve accumulated additional liabilities during the pandemic.

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The latest MNP Consumer Debt Index shows the number of Canadians concerned they cannot make ends meet without going into further debt has reached its highest level in three years.

Almost half (45 per cent, up 6 points since March) are not confident they will be able to cover all living and family expenses in the next 12 months without taking on more credit, according to the quarterly poll conducted by Ipsos on behalf of MNP Ltd, released this morning.

“In fact, the proportion of Canadians who report being insolvent, or unable to pay their monthly bills and debt repayments, sits at the highest level recorded since the index was created in 2017 (30 per cent, unchanged),” the survey noted. “Half (51 per cent, unchanged) say they are more concerned about their ability to repay their debts than they used to be.”

 

 

It's not like it's their money or anything:

The Nova Scotia Liberals kicked off their campaign Saturday to win a third mandate and it was a campaign launch fuelled in large part with lots of cash from the party’s federal cousins in Ottawa.

 

Also:

Liberal MP Wayne Easter (Malpeque, P.E.I.), chair of the Commons finance committee, yesterday recalled the panel into rare emergency session to defend a small business tax cut. The Department of Finance questioned the validity of a tax bill already passed into law: “I have never seen this.”

 

When one thinks of financial prudence, no one ever thinks of the NDP (they do think Justin's b!#ch, though):

Parliament must tax the “ultra-rich” to pay for the pandemic, New Democrat leader Jagmeet Singh yesterday told reporters. Data show fewer than 365,000 tax filers pay the top federal income tax rate of 33 percent: “You know who didn’t sacrifice?”

 

(Sidebar: why not the Chinese, Jag?)

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NDP federal leader Jagmeet Singh launched a three-day tour of Alberta with a stop in Calgary Saturday.

 

Come for the pandering. Stay for the pancakes.