It's Just An Economy

It will just spring back:

Only a third of Canadians think they will be better off in five years, says a global survey by a Chicago-based public relations firm. The finding mirrored in-house research by the Department of Finance that found many Canadians were merely “coping or struggling."

 

 

A response to this article:

It's simple.

Pretend that Canada is getting back into the swing of things when it isn't.

 

South Korea has more honest approach:

The number of the "hidden unemployed" who are not counted in unemployment statistics keeps rising as more and more young people kick their job search into the long grass.

The economically inactive population who are either taking a break or have given up looking for jobs altogether hit an all-time high last year, according to Statistics Korea on Monday.

Some 628,000 people gave up looking for jobs in 2021, the highest since relevant statistics started in 2014. The number had steadily increased from 533,000 in 2019.

Also a record 2.4 million took a break from work with no plausible reasons like childcare, studies or illness.

Those people are not counted in jobless figures, which only count people who have actively been seeking jobs for the last four weeks from the time when a survey is conducted.

Do you mean that they lied?:

Canada’s official inflation rate reflects only a fraction of true increases in the cost of living, a former chief analyst with Statistics Canada said yesterday. Actual inflation is much higher than StatsCan’s benchmark Consumer Price Index, the Commons finance committee was told: “I am sure the inflation rate in Canada is much higher than 4.8 percent.”

Of course, because Quebec:

Questions are swirling over yet another delay in Ottawa’s nearly $100-billion plan to rebuild the fleets of Canada’s navy and coast guard — only this time the delay isn’t due to the stalled construction of a ship.

The federal government announced in December 2019 that Quebec shipyard Chantier Davie was the only company to qualify for a piece of that work, namely the construction of six much-needed icebreakers for the Canadian Coast Guard.

Yet while that announcement kicked off negotiations toward an agreement Davie and its supporters in Quebec and Ottawa had long demanded, the subsequent discussions remain shrouded in fog more than two years later.

The delay is fuelling fears about the Canadian Coast Guard’s aging fleet, which shrunk by another ship this week with the forced retirement of a 59-year-old science vessel, leaving Canada without a dedicated platform for ocean research.

“You really kind of wonder what’s going on that it’s been this long after having made such a high-profile commitment,” said David Perry, president of the Canadian Global Affairs Institute and one of Canada’s top procurement experts.

“And delivery on all the work that falls under them has got to be significantly impacted by not having come to an agreement.”

 

Also:

Federal regulators say they are still awaiting cabinet’s final approval to launch on an interest-free loan program for home energy refits. Cabinet announced the plan last April 19 but has yet to introduce it: “We are waiting impatiently for it.”

 

I think that you should totally discuss this waste of money:

The Department of Canadian Heritage is billing taxpayers to fly hip-hop dancers, rappers and African drummers to Nunavut to observe Black History Month in February, accounts show. Documents detail nearly $83,000 in funding including talent fees for one senator to visit Nunavut: “This is not something I wish to discuss with you.”

 

There is a WE "charity" joke in here and I'm struggling to find it:

The Canada Revenue Agency’s charitable audits have dropped four-fold in the last decade, with just over 200 done in 2019, leaving experts concerned that fraud and mismanaged funds are going undetected.

According to data obtained by charity tax expert Mark Blumberg from the CRA, the tax agency completed just under 800 audits of charities yearly on average between 2010 and 2015.

But that number began dropping significantly beginning in 2015, hitting just 208 completed audits in 2019-2020 — the last full fiscal year before the COVID-19 pandemic.

The drop coincides both with year the Trudeau Liberals were first elected to government, as well as the launch of the CRA’s new “charities education program.” The agency says that program aims to help selected charities avoid “common errors” with regards to their financial and reporting obligations.

 

Also:

According to an article from the National Post, foreign donations to the Pierre Trudeau Foundation began to skyrocket after Justin Trudeau was elected prime minister in 2015.

Between 2014 and 2016, donations from non-Canadian sources increased from $53 million to $535 million– an increase of one thousand percent.

The Conservatives requested that the Lobbying Commissioner investigate if Liberal fundraisers had used donations to the Trudeau Foundation to gain government influence. The Canadian Lobbying Act says financial donors are prohibited from lobbying a federal government.