Just "technical" and "a little choppy":
Prime Minister Mark Carney in his first comment on the made-in-Canada recession yesterday acknowledged “choppiness” in the economy but again declined to attend Question Period to defend his record. “Data is going to be uneven,” he told reporters.
Canadians deserve this douche-tool:
In its latest research bulletin on the growing debt burdenfor Canadians, the public policy organization found that the combined federal and provincial net debt, adjusted for inflation, has nearly doubled from $1.24 trillion in 2007-08 to a projected $2.44 trillion this fiscal year, a growth of 97.7 per cent.
In 2024, the Fraser Institute forecast it to reach $2.2 trillion and last year it was $2.3 trillion.
Most of the $1.2 trillion over the 18-year study period was accrued by Ottawa, projected to have increased $712.7 billion (93.7 per cent) over that time, particularly during its response to the COVID-19 pandemic.
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Canada’s unemployment rate rose to 6.9 per cent in April as the economy lost 18,000 jobs and more people searched for work, but economists expect the labour market will recover once there’s more certainty in the outlook.
How is that for a little choppy?
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Cabinet shelved as too costly a plan to develop a new index to raise seniors’ pensions, Access To Information records show. The Liberal Party 11 years ago promised to raise payments using a customized Seniors Price Index: ‘It would have resulted in small individual benefit increases at a high overall cost.’
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The figures were released through an Order Paper question submitted by Conservative MP Brad Vis.
In a statement, Conservative Critic for Immigration; Michelle Rempel Garner said the data shows the federal government spent $1.6 billion to administer the program, with a net cost of approximately $509 million over the period.
“New data released in an Order Paper Question submitted by my colleague, Brad Vis, Shadow Minister for Small Business Recovery and Growth, shows that the Liberals have spent an unconscionable $1.6 billion (net $509 million) in the past five years to run the TFW program,” she said.
The news comes days after Canada entered a recession.
There is some good news, however:
US President Donald Trump's administration is proposing additional tariffs of 10% or more to be imposed on its trading partners following a probe into countries importing goods allegedly made with forced labor.
In a report released Wednesday, the US Trade Representative (USTR) said it had found that 60 economies had failed to "impose and effectively enforce a prohibition on the importation of goods produced with forced labor," calling it a "burden" to US commerce.
"This creates a dynamic where American workers are forced to compete globally on an unlevel playing field. We will no longer tolerate this disparity," USTR Ambassador Jamieson Greer said in the document. …
An additional 10% tariff will be imposed on imports from Canada, Mexico, Taiwan, Pakistan, the UK and EU nations. These are countries which, according to Washington's investigation, impose a forced labor import prohibition, that have undertaken commitments on forced labor or have partially prevented the import of forced labor goods.
An additional 12.5% tariff will be imposed on 45 others, including China, India, Japan, South Korea, Brazil and Switzerland. These are countries that have failed to impose and effectively enforce the prohibition of imports made with forced labor, the statement said.
"Each of our trading partners must do more to ensure that trade does not perversely encourage and entrench forced labor globally," Greer said.
The USTR said it had initiated 60 investigations into forced labor in March.
The alleged failure to prohibit imports made with forced labor was "subjecting US producers to unfair competition" in both export markets and the US market, the USTR said.
The trade regulation body will hold hearings about the proposed tariffs on July 7.
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