Government-enforced restrictions across various provinces in April blew out job gains from previous months as a worsening third wave hit front-facing industries again.
Nationally, employment fell by 1.1 per cent, a loss of 207,000 jobs, while unemployment increased by 0.6 percentage points to 8.1 per cent last month, Statistics Canada reported Friday.
Lockdowns have had little effect on bringing down COVID-19 deaths and could be one of Canada’s biggest policy failures in history, a professor wrote in a research paper published this month.
Douglas W. Allen, economics professor at Canada’s Simon Fraser University, reached the conclusion after examining over 80 papers on the effects of lockdowns implemented worldwide by governments in response to the COVID-19 pandemic. The policy forced the closure of businesses, supply chains, various sector activities, among other activities in daily life. ...
However, Allen noted that Canadian politicians, public health officers, and media responses to the CCP (Chinese Communist Party) virus, which causes the disease COVID-19, have been one-sided and unchanged since the beginning of the pandemic, with many jurisdictions ignoring new data over the past year and repeating the same response programs from spring 2020 to 2021.
“Over the course of the Covid-19 pandemic, there has been no public evidence that either the federal or provincial governments of Canada have considered both the benefit and cost sides of their policy decisions,” Allen stated.
“Furthermore, when research results contrary to the official government response were shared on social media, they were often pulled from social media platforms,” he noted.
Yep.
One can't help but think that if Canadians voted for someone who actually knew basic math, we wouldn't be in this mess:
Canada’s Parliamentary Budget Officer (PBO) says the federal stimulus plan may have been “miscalibrated” and will have less of an impact than the Liberals’ claim.
In a report released Wednesday, the nonpartisan watchdog said that a large part of the $101.4 billion in new stimulus spending announced in last month’s budget should not be considered new stimulus.
The PBO calculates the actual new stimulus to be $69.2 billion over the next three years.
“Finance Canada’s impact assessment of the Recovery Plan overstates the economic impact of stimulus spending in Budget 2021,” the report reads.
“We maintain our judgement that stimulus spending in Budget 2021 could be miscalibrated if the focus is solely on returning to pre-pandemic benchmarks.”
Canada is ill-prepared for the rapidly increasing costs of its grey tsunami as the baby boomers head into retirement, according to a new study by the fiscally conservative Fraser Institute.
“Canada’s Aging Population and Income Support Programs” by Steven Globerman says the price tags of two major taxpayer-funded federal benefit programs for seniors will increase by 70% within 10 years, rising from $60.8 billion annually today to $103.2 billion in 2030.
Access To Information records show Finance Minister Chrystia Freeland’s office was unaware of millions in pandemic loans paid to businesses that never qualified in the first place. Staff in internal emails expressed puzzlement over payment of interest-free loans in breach of the rules: “Can I get concrete examples?”
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