It's Just Money

We can just keep printing money, right?:

Federal debt charges have surpassed the $26.5 billion national defence budget, the Parliamentary Budget Office confirmed yesterday. Debt charges were $31.2 billion and rising, it said: “Public debt charges are projected to more than double.”

 

But Canadians like it when things are expensive:

One of the first things noticed by newcomers to Canada is the eyewatering cost of maintaining a mobile phone. In most of Europe, it can cost as little as $30 for a monthly cell phone plan with 100 gigabytes of mobile data. In Canada, that kind of plan would run $144, according to the Finnish telecom analyst Rewheel. “Prices in the Canadian wireless market … continue to be the highest or among the highest in the world,” they wrote in a 2021 report. ...

When controlling for smaller outliers like Oman and Taiwan, Canadian air travel was noticeably more expensive than any of its peer countries. Take Air Canada or WestJet, and that 100 km would cost $123.52. In the U.S., meanwhile, even a full-service airline would run only $23.55. At the time, it made Canada the sixth most expensive country in the world to buy an airline ticket. ...

“On an age-adjusted basis … no nation spent more on its universal access health insurance system than Canada as a share of GDP,” they wrote in a recent report. The likes of Belgium, France, Germany, Japan, Luxembourg all spend comparatively less on universal health care, and outrank Canada on basically every metric of health-care performance, from wait times to per capita hospital beds. ..

But Canada absolutely tops the leaderboard when it comes to the Western Hemisphere. There isn’t a single other city in the Americas that is fuelling their cars with $2.30/litre petrol, as is the current rate in Metro Vancouver. ...

They were almost right: Argentina turned out to be the world’s second-most expensive country for milk, behind only Canada. The reason for this is extremely simple: Since the 1970s, Canada’s dairy sector has been under the top-down control of a state-sanctioned cartel that explicitly works to artificially raise prices by limiting supply. Supply management is doing its job remarkably well, in other words.

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In a new note, David Doyle and Neil Shankar of Macquarie Capital Markets Canada argue that Canada will face a more severe recession, with an economy that’s far more exposed to weakness in the real estate sector.

 

 

That's nice but it doesn't address why the government drove up inflation (or why it lets Mary Simon dine so well while people go without - busted): 

Loblaw Companies Ltd., Canada’s largest food and drug retailer, will freeze prices on all No Name products for more than three months as a way of blunting the impact of inflation, the chain announced on Monday.

 

A lot of No Name sales for you, Loblaws.

 

 

Why are Canadians leaving?

Why stay?:

The Pamudjas are part of larger community of Canadians and Americans who have left for Mexico without any intention of returning. They are united, he says, by a common belief that Canada and the United States have abandoned, or are in the process of abandoning, the free and moral fabric in which they grew up.

“Life is a lot freer here. We’re in a good community with a good church. Everything is going well,” Pamudja said in an interview.

“We moved because of all this immorality and laws that have been put up in Canada. Especially for children, with Bill C-16 [gender identity rights] and all these other bills that make you, as parents, not able to have control over your own children. And the whole COVID [response], the fear. There’s a few reasons.”

Edmonton resident and business owner Gordon Bostad, 62, is also moving to Mexico with his wife, adult children, and grandchildren because of how things have changed in Canada in recent years.

“It’s heading down a bad road. I feel it’s turning socialist, which always turns into communism,” he told The Epoch Times. “We’d lived in Mexico before, we had a winter home there for nine years, so it just seems like a better option for us to live there.”

Bostad says one of the signs Canada is turning more socialist is how the government is racking up huge debt to support different programs, such as universal daycare, and it’s not getting opposition from other parties or scrutiny from the media.

“Ten years ago, that wouldn’t have been something that would have gone through in this country,” he said. “Who’s going to pay for that?”