Business
Most Canadians say they’re worse off financially since Trudeau took office: poll
From LifeSiteNews
Additional research revealed that 45% of Canadians listed ‘cost of living/inflation (housing, groceries, energy bills)’ as the most important factor when voting.
A new poll revealed that most Canadians say they are worse off financially compared with before the Trudeau government took power.
According to a December survey by Nanos Research, 53% of Canadians reported that their personal finances are worse now than they were eight years ago before Prime Minister Justin Trudeau came into power, with most listing finances the most important factor in voting.
“When the economy is flat and people worry about paying the bills, they get grumpy and look to punish the incumbent government,” said Nik Nanos, the polling firm’s chief data scientist.
“If you are struggling to pay for housing or the groceries, you might think, ‘What do I have to lose with a change in government?’” he added.
The research, commissioned by Bloomberg News, revealed that only 24% reported being better off financially now compared with eight years ago, and 21% said there had been no change.
According to the research, those most likely to have been negatively affected financially were 35 to 54 years old, with 61% of that age group reporting being worse off since the Trudeau government took power.
The poll further revealed that 45% listed “cost of living/inflation (housing, groceries, energy bills)” as the most important factor when casting their vote. Most of those who view finances as paramount in voting are among the younger voters, with just under six-in-10 who are 18- to 36-year-old listing it as the most important factor.
In comparison, only 14% of those polled considered “environment/climate change” to be the most important issue, and 12% listed health care.
Canadians’ increased financial concerns come as house prices have shot up due to short supply in the market, and speculative buying and interest rates have risen to highs not seen for decades.
Canada’s interest rate sits at 5%. At this same time in 2021, interest rates were 0.25%.
Additionally, food costs are expected to increase by $700 per family in 2024 amid Trudeau’s ongoing carbon tax. According to the November research, the total grocery bill for a family of four in 2024 is projected to be $16,297.20, which is a $701.79 increase from last year.
“The carbon tax makes grocery prices more expensive,” Canadian Taxpayer Federation director Franco Terrazzano told LifeSiteNews at the time.
“When Trudeau’s carbon tax makes it more expensive for farmers to grow food and truckers to deliver food, his carbon tax makes it more expensive for families to buy food,” he explained.
“The carbon tax will cost Canadian farmers $1 billion by 2030. The government could make groceries more affordable for Canadians by scrapping the carbon tax.”
Canadians are also struggling to pay energy bills and heat their homes again due to Trudeau’s carbon tax, which is framed as a way to reduce carbon emissions but has cost Canadians hundreds more annually despite rebates.
The increased costs are only expected to rise, as a recent report revealed that a carbon tax of more than $350 per tonne is needed to reach Trudeau’s net-zero goals by 2050.
Currently, Canadians living in provinces under the federal carbon pricing scheme pay $65 per tonne, but the Trudeau government has a goal of $170 per tonne by 2030.
Early last year, the Bank of Canada acknowledged that Trudeau’s federal “climate change” programs, which have been deemed “extreme” by some provincial leaders, are indeed helping to fuel inflation.
The Trudeau government’s current environmental goals – which are in lockstep with the United Nations’ “2030 Agenda for Sustainable Development” – include phasing out coal-fired power plants, reducing fertilizer usage, and curbing natural gas use over the coming decades.
The reduction and eventual elimination of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda in which Trudeau and some of his cabinet are involved.
Business
Debunking the myth of the ‘new economy’
From Resource Works
Where the money comes from isn’t hard to see – if you look at the facts
In British Columbia, the economy is sometimes discussed through the lens of a “new economy” focused on urbanization, high-tech innovation, and creative industries. However, this perspective frequently overlooks the foundational role that the province’s natural resource industries play in generating the income that fuels public services, infrastructure, and daily life.
The Economic Reality
British Columbia’s economy is highly urbanized, with 85% of the population living in urban areas as of the 2021 Census, concentrated primarily in the Lower Mainland and the Capital Regional District.
These metropolitan regions contribute significantly to economic activity, particularly in population-serving sectors like retail, healthcare, and education. However, much of the province’s income—what we call the “first dollar”—originates in the non-metropolitan resource regions.
Natural resources remain the backbone of British Columbia’s economy. Industries such as forestry, mining, energy, and agriculture generate export revenue that flows into the provincial economy, supporting urban and rural communities alike. These sectors are not only vital for direct employment but also underpin metropolitan economic activities through the export income they generate.
They also pay taxes, fees, royalties, and more to governments, thus supporting public services and programs.
Exports: The Tap Filling the Economic Bathtub
The analogy of a bathtub aptly describes the provincial economy:
- Exports are the water entering the tub, representing income from goods and services sold outside the province.
- Imports are the water draining out, as money leaves the province to purchase external goods and services.
- The population-serving sector circulates water within the tub, but it depends entirely on the level of water maintained by exports.
In British Columbia, international exports have historically played a critical role. In 2022, the province exported $56 billion worth of goods internationally, led by forestry products, energy, and minerals. While metropolitan areas may handle the logistics and administration of these exports, the resources themselves—and the wealth they generate—are predominantly extracted and processed in rural and resource-rich regions.
Metropolitan Contributions and Limitations
Although metropolitan regions like Vancouver and Victoria are often seen as economic powerhouses, they are not self-sustaining engines of growth. These cities rely heavily on income generated by resource exports, which enable the public services and infrastructure that support urban living. Without the wealth generated in resource regions, the urban economy would struggle to maintain its standard of living.
For instance, while tech and creative industries are growing in prominence, they remain a smaller fraction of the provincial economy compared to traditional resource industries. The resource sectors accounted for nearly 9% of provincial GDP in 2022, while the tech sector contributed approximately 7%.
Moreover, resource exports are critical for maintaining a positive trade balance, ensuring that the “economic bathtub” remains full.
A Call for Balanced Economic Policy
Policymakers and urban leaders must recognize the disproportionate contribution of British Columbia’s resource regions to the provincial economy. While urban areas drive innovation and service-based activities, these rely on the income generated by resource exports. Efforts to increase taxation or regulatory burdens on resource industries risk undermining the very foundation of provincial prosperity.
Furthermore, metropolitan regions should actively support resource-based industries through partnerships, infrastructure development, and advocacy. A balanced economic strategy—rooted in both urban and resource region contributions—is essential to ensure long-term sustainability and equitable growth across British Columbia.
At least B.C. Premier David Eby has begun to promise that “a new responsible, sustainable development of natural resources will be a core focus of our government,” and has told resource leaders that “Our government will work with you to eliminate unnecessary red tape and bureaucratic processes.” Those leaders await the results.
Conclusion
British Columbia’s prosperity is deeply interconnected, with urban centres and resource regions playing complementary roles. However, the evidence is clear: the resource sectors, particularly in the northern half of the province, remain the primary engines of economic growth. Acknowledging and supporting these industries is not only fair but also critical to sustaining the provincial economy and the public services that benefit all British Columbians.
Sources:
- Statistics Canada: Census 2021 Population and Dwelling Counts.
- BC Stats: Economic Accounts and Export Data (2022).
- Natural Resources Canada: Forestry, Mining, and Energy Sector Reports.
- Trade Data Online: Government of Canada Export and Import Statistics.
Business
Trump puts all federal DEI staff on paid leave
From LifeSiteNews
Trump’s shuttering of federal DEI programs is in keeping with his promise to ‘forge a society that is colorblind and merit-based.’
President Donald Trump has ordered all federal diversity, equity and inclusion (DEI) staff to be placed on paid leave by Wednesday evening, in accordance with his executive order signed on Monday.
The president pledged during his inaugural address to “forge a society that is colorblind and merit-based,” which is the impetus behind his efforts to abolish DEI programs that prioritize race and ethnicity above merit when hiring workers.
Trump’s Executive Order on Ending Radical and Wasteful Government DEI Programs and Preferencing stated, “Americans deserve a government committed to serving every person with equal dignity and respect, and to expending precious taxpayer resources only on making America great.”
“President Trump campaigned on ending the scourge of DEI from our federal government and returning America to a merit based society where people are hired based on their skills, not for the color of their skin,” White House press secretary Karoline Leavitt said in a statement Tuesday night. “This is another win for Americans of all races, religions, and creeds. Promises made, promises kept.”
The Office of Personnel Management issued a memo to the leaders of federal departments instructing them to inform employees by 5 p.m. ET on Wednesday that they will be placed on paid administrative leave as all DEI offices and programs prepare to shut down, according to NBC News.
It is unclear how many employees will be affected by the erasure of federal DEI programs.
Diversity training has “exploded” in the federal government since Joe Biden took office in 2020, the Beacon noted, with all federal agencies having mandated a form of DEI training before he left office.
DEI initiatives have long been widely denounced by conservatives and moderates as divisive, but they have been coming under increasing fire for undermining the competence and most basic functioning of public institutions and private corporations, even putting lives at risk.
For example, some commentators have blamed growing – and at times catastrophic and fatal – airplane safety failures in part on DEI hires and policies. Upon the revelation that a doctor at Duke Medical School was “abandoning… all sort(s) of metrics” in hiring surgeons in order to implement DEI practice, Elon Musk warned that “people will die” because of DEI.
Conservatives have also criticized DEI for stoking rather than curing division. A recent study shows that DEI programs actually breed hostility in businesses and schools.
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