Opinion
Bank of Canada’s Band-Aid on a Bullet Wound
This article is from The Opposition With Dan Knight substack. |
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The Hidden Tax of Trudeau’s Policies: Why Canadians Can’t Afford to Ignore the Real Culprits Behind Inflation and Economic Woes
Good morning, Canada. If you paid attention to yesterday’s announcement from the Bank of Canada, you’ll know they maintained their policy rate at 5% while continuing their quantitative tightening. But what you may not realize is how this is really just putting a band-aid on a bullet wound—a wound inflicted largely by the policies of our Prime Minister, Justin Trudeau.
Firstly, let’s talk about inflation. This is not just an abstract concept or economic jargon; it’s a tax—a silent, insidious tax that drains your income, reduces your purchasing power, and makes your life more expensive. The Bank of Canada admits that inflationary pressures remain broad-based, and that’s no surprise when Trudeau’s administration is running up deficits in the billions. His fiscal irresponsibility is supercharging inflation, and it’s Canadians like you and me who are paying the price.
But Trudeau’s policies don’t just stop at fiscal mismanagement; they’re also significantly impacting the housing market. Trudeau’s indiscriminate approach to immigration is driving up demand for housing, while doing little to increase supply. What we end up with are skyrocketing home prices, which are pushing the dream of homeownership further away for everyday Canadians. The recent economic data confirms this grim reality; the Canadian economy contracted at an annualized rate of 0.2%, yet housing prices are inflated beyond reason.
Now let’s talk about the carbon tax. This is a policy that has done nothing but raise the cost of living for Canadians across the board. Whether you’re filling up your car, heating your home, or buying groceries, Trudeau’s carbon tax makes everything more expensive. Even the Bank of Canada’s report highlights the impact of recent increases in gasoline prices on consumer price inflation. It’s absurdly hypocritical that while Trudeau preaches about justice and equality, he’s willing to burden Canadians with policies that make life unaffordable for many.
So, when the Bank of Canada says it’s holding its policy rate steady at 5% and continuing to normalize its balance sheet, don’t be fooled. These are not solutions; they’re temporary measures that might alleviate some of the symptoms but do nothing to treat the cause. Trudeau’s reckless deficit spending, his flawed immigration policy, and his ideologically driven carbon tax are the real driving factors behind our nation’s financial malaise. And no amount of “quantitative tightening” by the Bank can remedy the damage done by these policies.
In the end, it’s accountability that we need. While the Bank of Canada may be committed to restoring price stability, let’s not forget that the root cause of our economic instability lies squarely with Trudeau’s leadership. His financial recklessness is making life increasingly difficult for average Canadians, inflating everything from the cost of a loaf of bread to mortgage payments. The time for a course correction is now, and it starts by acknowledging the true source of our problems. This is the story you won’t hear in the mainstream media, but it’s one that all Canadians need to understand. This is Dan Knight, signing off from Vancouver. Stay vigilant, Canada.
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National
Canadian military again bans prayers at Remembrance Day ceremonies
From LifeSiteNews
The Canadian Armed Forces member who shared the emails about Remembrance Day with LifeSiteNews stated that ‘this constant desire to erase God from our culture is highly ideological. Canadians don’t support this. Veterans don’t support this.’
The Canadian Armed Forces (CAF) has banned prayer at all Remembrance Day celebrations in the latest attempt to strip Canada of her religious heritage.
This November 11, Remembrance Day celebrations may not include prayers, religious symbols, and readings from the Bible, Torah or Koran, according to a CAF directive shared with LifeSiteNews by a CAF member.
“As a reminder to the team that if military members are mandated or expected to attend an event, we can presume that they represent a diversity of beliefs, including none,” the email sent to the CAF personnel read.
“Chaplains should take the time to reflect on the meaning and purpose of the event and speak words of hope, encouragement, and remembrance to the benefit of all,” it continued.
Last year, the CAF issued a directive placing harsh restrictions on public prayer. However, the orders were rescinded following backlash from Canadians. Now, numerous CAF officials have told chaplains that they plan to enforce the ban this year.
“The document 11 Oct 23 is in effect for this Remembrance Day,” the email stated. “Last year there was flexibility which is not present this year.”
“This update also supersedes any direction that was given following the Spiritual Reflection guidance which allowed some flexibility during the period in late 2023,” it continued.
While the chaplains are required to attend the ceremonies, they are heavily restricted in what they can say or even wear as the chaplain scarves “may cause discomfort or traumatic feelings.”
Under the mandate, no prayer and no religious symbols are permitted at military functions. This includes reading passages from the Bible, Torah or Koran. Instead, words should be chosen to “employ a language mindful of the Gender Based Analysis (GBA+) principles.”
Any “spiritual reflection” offered by military chaplains in a public setting (not including church services or private interactions with members) must be “inclusive in nature, and respectful of the religious and spiritual diversity of Canada,” according to the directive.
According to the email, chaplains can share their opinions on the directive at upcoming meetings, however, there are no meetings scheduled before Remembrance Day.
The CAF member who shared the emails with LifeSiteNews stated that “this constant desire to erase God from our culture is highly ideological. Canadians don’t support this. Veterans don’t support this. And we all saw what happens south of the border when the government is out of touch with the traditions and values of its own people.”
“We’re talking about such core traditional values that have kept our society cohesive and functional and flourishing for like hundreds and thousands of years,” he continued.
The CAF member warned that the mandate is not “banning a religion” but “replacing one religion with another religion, and it’s a secular religion.”
He stressed the importance of religion, especially in the military where soldiers are asked to put their lives on the line in service of their country.
“Think of what soldiers go through, what they face in combat,” he said. “You can’t send people into battle without religion.”
Opinion
The majority of voters have moved on from legacy media and legacy narratives
From EnergyNow.ca
By Margareta Dovgal
A Wake-Up Call for Political Strategists Across the Continent
For only the second time in US history, a president has lost, left office, and won re-election. For most Canadians watching the US election, the news of Donald Trump’s impending return to the White House comes with some degree of disappointment – and confusion.
Rather than getting caught up in doomsaying as there’s enough of that going around, I wanted to share some thoughts on what I would hope Canadians working in and around politics and policy come away with.
Speaking to the heart shouldn’t neglect speaking to the wallet
Biden probably should have resigned sooner, and Harris should have gone through a competitive primary race before carrying the flag. Hindsight is 20/20, and I doubt that the Democrats will make those same mistakes twice.
What I do suspect will be harder to shake is the commitment to running campaigns on social issues alone. The Democrats made the gamble that reproductive rights were a persuasive enough ballot box question to distract from Joe Biden’s lacklustre economic performance.
The clear majority of voters showed that they are more concerned with their job security, housing affordability, and tax bills.
The Democrats now have an opportunity to realign with the concerns of working Americans, recognizing that economic anxieties cannot be overlooked. A robust economic approach doesn’t preclude a moderate and fair social approach, but the latter can’t replace the former.
In Canada, this holds true for our discussions around energy and resources. I’m seeing a very similar disconnect play out on resource policy. Patently bad policies with horrible economic impacts are being advanced at all levels by governments more concerned with virtue signalling than ensuring robust economic performance – the federal Emissions Cap and the fantastical ambitions of David Eby’s CleanBC program among them.
Pre-pandemic, vibes-based economic policy seemed to work. In times of plenty, it is easy to persuade voters that taking economic hits is the right thing to do — after all, why worry about the price of something if you can afford it? Anyone still trying that in 2024 has lost the plot.
Affordability remains a paramount issue for many citizens, and the U.S. election highlighted how campaigns that overlook economic concerns and the declining quality of life risk alienating voters.
From groceries to gas prices, the rising cost of living is top of mind for Canadians, and resource policies must reflect this reality. For instance, a balanced approach to energy production can help keep costs reasonable while supporting Canadian jobs and industries.
It’s a reminder that beyond political credibility or mainstream appeal, policies that directly address financial challenges resonate most with the electorate.
For the resource sector, this means recognizing how affordable energy, resilient supply chains, and robust employment opportunities are interconnected with national policy priorities.
Truth and gatekeeping
The gamesmanship over who holds the authority to define “truth” continues in earnest, and engaging in it by discounting mass popular narratives is a risky gambit for any political movement that seeks to maintain widespread relevance.
We’re seeing a generational change, not just in the US but globally, on how people consume and produce media.
I would argue that Elon Musk’s purchase of Twitter was the edge that Trump needed in this new era. Millions of Americans, and millions abroad, sought news and commentary from the platform. Political discourse on the 2024 election was shaped by the ideas generated and amplified online, faster than mainstream news could reliably pick up on.
Since Musk’s acquisition of Twitter/X, the editorial stance, algorithm, and tone of the platform have all shifted. Yes, it has gone ‘rightwards’, but rather than that serving to shrink the audience, it has instead grown, picking up swing voters and rallying the “persuadeds” more effectively.
Just look at the last debate between Trump and Harris: they weren’t even talking about the same political realities.
Research finds that as a main source of news, social media is still behind TV. Where we see the biggest difference is among younger voters.
46% of Americans 18-29 say social media is their top source of news, according to Pew Research. Beyond widespread appeal or readership, social media drives the political commentary of the chattering classes more than any one other platform. TikTok’s influence is likewise growing, with an even younger demographic relying on it almost entirely to help shape and articulate their views.
A similar dynamic around “truth” was plainly obvious in British Columbia’s provincial election last month. A good chunk of commentators couldn’t fathom that voters could accept a party that had refused to throw out candidates saying offensive or dubious things.
The BC Conservatives went from zero seats to just shy of government.
Enough ink has been spilled on this by other commentators, but let’s recap what many have said about the explanatory factors: BC United collapsed following its disastrous rebrand, the BC NDP was stuck with having to account with the inevitable baggage of incumbency in a struggling global economy, and the rise of Poilievre and the federal Conservatives lent some additional name-brand recognition to the BCCP.
The most important piece, in my estimation, was the Conservatives’ ability to tap into a growing demographic that didn’t feel their concerns were reflected in the mainstream political discourse. Twitter was far from the only forum for this, but I think it had a large part to play in cultivating the sense among many voters that consequential narratives were not even remotely being touched on in mainstream media. It gutted voters’ trust in the media, giving the BC Conservatives whose narratives were more effective on social media a decisive advantage.
Public safety is a great example of this. Anyone with eyes and ears who has spent time in Downtown Vancouver in recent years can attest to the visible decline, with visible drug use in public spaces, frequent run-ins with people with severe untreated mental illness yelling at phantoms, and unabashed property crime.
Yet, if we were to believe a great deal of commentators just up until the eve of the election, everything was just fine.
Willful blindness only works when people can’t comment on what they see. But comment they did, and the delayed response to it nearly cost the BC NDP the election.
In a purely practical sense, the increasing role of community-driven sources of information mean that gatekeepers can no longer control the flow of information. And let’s not mince words here: anyone concerned about misinformation is talking about gatekeeping.
Subjecting ideas out there in the commons to scrutiny is necessary. We just can’t take for granted that the outlets themselves will provide that editorial scrutiny directly, if it’s not baked in the platform by design and people are actively choosing to spend time on platforms that have a radical free speech mandate.
It’s time to accept that the train has left the station: persuasiveness needs to be redefined by the mainstream, rather than taking one loss after another and crying foul because the game has changed.
Canadian narratives for Canadian politics
Our closest neighbour and trading partner is the world’s largest economy, and Canadians can’t help but look south for news and ideas. Our own politics often mirror the messages we see in the US, and there’s no use trying to pretend that won’t keep happening.
If we want to avoid falling into the trap of inheriting the dysfunction and divisions that are increasingly defining the political system next door, we have a duty to develop compelling narratives that resonate with the unique needs of Canadians, across the political spectrum.
It’s the definition of insanity to keep trying the same things expecting a different result. Rather than directing anger at voters and political movements who have moved on from old media, if you’re not happy with the result, try meeting them where they are.
And no, this doesn’t mean ceding ground to conspiracy theorists or the fringe. They are only succeeding because a) they are speaking to issues that people decide they care about (like them or not) that are panned by the center and the left, and b) most crucially, there isn’t enough emotionally resonant, persuasive substance being put out to win hearts and minds.
These are not inevitable outcomes. Voter preferences and media technologies are constantly evolving. We need to evolve with them by subjecting our leaders to real scrutiny and demanding better.
Margareta Dovgal is Managing Director of Resource Works. Based in Vancouver, she holds a Master of Public Administration in Energy, Technology and Climate Policy from University College London. Beyond her regular advocacy on natural resources, environment, and economic policy, Margareta also leads our annual Indigenous Partnerships Success Showcase. She can be found on Twitter and LinkedIn.
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