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Unemployment Surges as Trudeau’s Policies Wreak Havoc on the Economy

Published

8 months ago

12 minute read

The Opposition with Dan Knight

From The Opposition News Network

By Dan Knight

Let’s get real, folks. You look around, and it doesn’t take a PhD in economics to know something is seriously wrong. Unemployment’s ticking up to 6.6%, and wages? They’re not even keeping pace with inflation. Canadians are working harder than ever, yet the cost of everything—from the food you put on the table to the roof over your head—is spiraling out of control. And who’s at the wheel of this runaway train? Justin Trudeau, that’s who.

Trudeau’s government has unleashed a storm of reckless policies that are driving inflation through the roof. And what’s their solution? They’ve forced the Bank of Canada into a corner, leaving them with no choice but to keep rates above 4% interest rates at 4.25%. The result? Ordinary Canadians are feeling the squeeze like never before, struggling just to make ends meet. This isn’t some fluke; it’s a direct consequence of Trudeau’s economic mismanagement.

But here’s the kicker. While Canadians are tightening their belts, Trudeau’s government is flooding the country with immigrants, artificially inflating the GDP so they can keep funding their ridiculous green energy fantasies. That’s right. Instead of focusing on real, sustainable economic growth, Trudeau is pushing the numbers with mass immigration to cover up the economic disaster he’s created.

Think about that. You’re paying more for your groceries, your gas, your mortgage—all because Trudeau wants to make his government look good on paper. But it’s you who’s footing the bill.

Housing Crisis? That’s On Trudeau

Why can’t you afford a house anymore? Why are young families, people who grew up in this country, completely locked out of the housing market? The answer is simple—*it’s Justin Trudeau’s fault*.

Let’s be clear. The Bank of Canada has openly admitted that the housing crisis is a result of excess demand. But here’s what they’re not shouting from the rooftops: *that demand isn’t homegrown*. Trudeau’s open-door immigration policy has flooded the market, pushing housing prices through the roof. He’s not bringing in record numbers of immigrants because it’s good for Canada; he’s doing it to boost GDP artificially. The problem? That so-called “growth” is driving Canadians out of their own housing market.

You’ve got ordinary Canadians, people who’ve worked their whole lives, now completely priced out of homeownership because Trudeau has cranked up demand with his immigration policies. And while he’s busy making his numbers look good, you’re the one left without a chance to buy a home.

And what’s the solution Trudeau offers? Higher interest rates. That’s right. The Bank of Canada has been forced to keep rates above 4% (4.25%) just to cool down the mess Trudeau created. So now, not only are you dealing with sky-high prices, but the higher interest rates mean if you do somehow scrape together enough to buy a house, you’re stuck with a mortgage you can’t afford.

This isn’t just incompetence. It’s a deliberate strategy by Trudeau to artificially inflate the economy through immigration, all while making life harder for the average Canadian. This is the Trudeau legacy: inflated numbers on paper, while regular Canadians suffer in reality.

The Reality of Trudeau’s Policies

Everything costs more under Trudeau—everything. From your grocery bill to your taxes, life has gotten more expensive. But let’s not pretend this is some random economic downturn. This is the result of deliberate policies designed to make Trudeau look like he’s growing the economy. In reality, he’s burning through taxpayer dollars, and making life harder for the people who are actually *keeping this country going*—you.

And here’s the worst part: it’s not going to get better. As long as Trudeau is in charge, you’re going to keep seeing rising costs, more immigration to mask the economic stagnation, and higher interest rates making it impossible for Canadians to get ahead.

It’s time to stop pretending this is some unavoidable consequence of global forces. This is Justin Trudeau’s Canada, and the reality is, you’re being priced out of your own country.

Why Everything Costs More

Here’s the ugly truth: under Trudeau, everything costs more—much more. Groceries? Skyrocketing. Taxes? You can barely keep track of how many you’re paying. Energy bills? Forget it. These price hikes aren’t a coincidence—they’re a direct result of Trudeau’s reckless economic policies. This isn’t an accident; it’s the result of a deliberate plan to reshape Canada’s economy into some kind of climate-change fantasyland, and you’re the one paying for it.

Trudeau’s inflation problem started with his wild spending. The government kept printing and spending money, and soon enough, we had 8.1% inflation. While they love to pat themselves on the back for bringing it down to 2.5%, the reality is prices aren’t coming down. Groceries are still unaffordable. You’re paying 15-20% more for the basics like meat, vegetables, and even milk. Your wallet hasn’t seen any relief, despite their so-called victory lap.

Now, let’s talk about energy. Trudeau’s green energy agenda is a black hole sucking up billions in taxpayer dollars. Billions spent on unproven clean tech projects, and yet, have you seen your energy bills drop? Of course not. They’ve gone up. The kicker is, while Trudeau spends your money on windmills and electric buses that no one can afford, your gas and heating bills have soared. You’re being told to tighten your belt, but the government is lighting taxpayer dollars on fire.

Oh, and don’t forget taxes. Every time you turn around, there’s a new tax or an increase to an existing one. Carbon taxes, fuel taxes—everything is designed to make life more expensive. You’re paying more at the pump because of Trudeau’s so-called climate policies. Every single tax increase hits the working-class Canadian, the family just trying to get by. Meanwhile, Justin and his globalist buddies are laughing all the way to their next climate summit in a private jet.

A Trump Factor to Watch

And if you think this is bad, just wait. If Donald Trump wins re-election, Trudeau’s green pipe dream might come crashing down. Trump has promised to roll back Biden’s climate change initiatives. No more wind farms, no more billions funneled into solar power plants that never seem to get built. If Trump dismantles these climate policies, Trudeau’s entire green energy house of cards falls apart. Canada is deeply tied to U.S. climate cooperation—without it, Trudeau is left holding an empty bag. And what happens then? *You* will pay the price again as the government scrambles to find another way to fund their utopian schemes.

But it’s not just Trudeau’s climate pipe dreams that Trump could affect. Trump has been crystal clear—he’s bringing back tariffs, and Canada’s already weak GDP will take another hit. With Trudeau’s economic mismanagement, we can’t afford to take another blow. If Trump slams down new tariffs on Canadian goods, we’re looking at fewer jobs, higher prices, and an even deeper recession. Trudeau has left Canada exposed, and we’re the ones who will suffer for it.

Trudeau’s Legacy: Pain for the Average Canadian

Let’s face it—Trudeau’s legacy is one of pain for the average Canadian. He’s bloated the government, jacked up immigration numbers to artificially inflate GDP, and used that growth to justify even more spending. But who’s benefiting? Not you. Wages are stagnant, while the cost of living has gone through the roof. Why? Because the demand for everything from housing to groceries is being driven by immigration policies that Trudeau is using to fund his agenda. This isn’t about building a better Canada; it’s about maintaining the illusion of growth by bringing in more people to mask his economic failures.

Why can’t you buy a house? Because Trudeau’s open-door immigration policy has created an artificial demand for housing that has nothing to do with Canadians. The Bank of Canada has admitted it—excess demand is driving up housing costs. But here’s the kicker: this demand isn’t from Canadians trying to buy their first home. It’s from a government that’s using immigration as a crutch for economic growth that doesn’t actually exist. Meanwhile, you, the hard-working Canadian, are priced out of the market. You’re paying more, and Trudeau doesn’t care.

From taxes to groceries to housing, everything costs more under Justin Trudeau. And it’s all part of a grand scheme to push his climate agenda while using *your* hard-earned money to do it. So the next time you see your grocery bill or try to pay your heating bill, remember: this is the Canada Justin Trudeau built. How much longer can Canadians endure this? How much more can you take?

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The Net-Zero Dream Is Unravelling And The Consequences Are Global

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Economy

The Net-Zero Dream Is Unravelling And The Consequences Are Global

Published on April 19, 2025

By

From the Frontier Centre for Public Policy

By Marco Navarro-Genie

The grand net-zero vision is fading as financial giants withdraw from global climate alliances

In recent years, governments and Financial institutions worldwide have committed to the goal of “net zero”—cutting greenhouse gas emissions to as close to zero as possible by 2050. One of the most prominent initiatives, the Glasgow Financial Alliance for Net Zero (GFANZ), sought to mobilize trillions of dollars by shifting investment away from fossil fuels and toward green energy projects.

The idea was simple in principle: make climate action a core part of financial decision-making worldwide.

The vision of a net-zero future, once championed as an inevitable path to global prosperity and environmental sustainability, is faltering. What began as an ambitious effort to embed climate goals into the flow of international capital is now encountering hard economic and political realities.

By redefining financial risk to include climate considerations, GFANZ aimed to steer financial institutions toward supporting a large-scale energy transition.

Banks and investors were encouraged to treat climate-related risks—such as the future decline of fossil fuels—as central to their financial strategies.

But the practical challenges of this approach have become increasingly clear.

Many of the green energy projects promoted under the net-zero banner have proven financially precarious without substantial government subsidies. Wind and solar technologies often rely on public funding and incentives to stay competitive. Energy storage and infrastructure upgrades, critical to supporting renewable energy, have also required massive financial support from taxpayers.

At the same time, institutions that initially embraced net-zero commitments are now facing soaring compliance costs, legal uncertainties and growing political resistance, particularly in major economies.

Major banks such as JPMorgan Chase, Citigroup and Goldman Sachs have withdrawn from GFANZ, citing concerns over operational risks and conflicting fuduciary duties. Their departure marks a signifcant blow to the alliance and signals a broader reassessment of climate finance strategies.

For many institutions, the initial hope that governments and markets would align smoothly around net-zero targets has given way to concerns over financial instability and competitive disadvantage. But that optimism has faded.

What once appeared to be a globally co-ordinated movement is fracturing. The early momentum behind net-zero policies was fuelled by optimism that government incentives and public support would ease the transition. But as energy prices climb and affordability concerns grow, public opinion has become noticeably more cautious.

Consumers facing higher heating bills and fuel costs are beginning to question the personal price of aggressive climate action.

Voters are increasingly asking whether these policies are delivering tangible benefits to their daily lives. They see rising costs in transportation, food production and home energy use and are wondering whether the promised green transition is worth the economic strain.

This moment of reckoning offers a crucial lesson: while environmental goals remain important, they must be pursued in balance with economic realities and the need for reliable energy supplies. A durable transition requires market-based solutions, technological innovation and policies that respect the complex needs of modern economies.

Climate progress will not succeed if it comes at the expense of basic affordability and economic stability.

Rather than abandoning climate objectives altogether, many countries and industries are recalibrating, moving away from rigid frameworks in favour of more pragmatic, adaptable strategies. Flexibility is becoming essential as governments seek to maintain public support while still advancing long term environmental goals.

The unwinding of GFANZ underscores the risks of over-centralized approaches to climate policy. Ambitious global visions must be grounded in reality, or they risk becoming liabilities rather than solutions. Co-ordinated international action remains important, but it must leave room for local realities and diverse economic circumstances.

As the world adjusts course, Canada and other energy-producing nations face a clear choice: continue down an economically restrictive path or embrace a balanced strategy that safeguards both prosperity and environmental stewardship. For countries like Canada, where natural resources remain a cornerstone of the economy, the stakes could not be higher.

The collapse of the net-zero consensus is not an end to climate action, but it is a wake-up call. The future will belong to those who learn from this moment and pursue practical, sustainable paths forward. A balanced approach that integrates environmental responsibility with economic pragmatism offers the best hope for lasting progress.

Marco Navarro-Genie is the vice president of research at the Frontier Centre for Public Policy. With Barry Cooper, he is coauthor of Canada’s COVID: The Story of a Pandemic Moral Panic (2023).

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Alberta

CPP another example of Albertans’ outsized contribution to Canada

Published on April 19, 2025

By

From the Fraser Institute

By Tegan Hill

Amid the economic uncertainty fuelled by Trump’s trade war, its perhaps more important than ever to understand Alberta’s crucial role in the federation and its outsized contribution to programs such as the Canada Pension Plan (CPP).

From 1981 to 2022, Albertan’s net contribution to the CPP—meaning the amount Albertans paid into the program over and above what retirees in Alberta received in CPP payments—was $53.6 billion. In 2022 (the latest year of available data), Albertans’ net contribution to the CPP was $3.0 billion.

During that same period (1981 to 2022), British Columbia was the only other province where residents paid more into the CPP than retirees received in benefits—and Alberta’s contribution was six times greater than B.C.’s contribution. Put differently, residents in seven out of the nine provinces that participate in the CPP (Quebec has its own plan) receive more back in benefits than they contribute to the program.

Albertans pay an outsized contribution to federal and national programs, including the CPP because of the province’s relatively high rates of employment, higher average incomes and younger population (i.e. more workers pay into the CPP and less retirees take from it).

Put simply, Albertan workers have been helping fund the retirement of Canadians from coast to coast for decades, and without Alberta, the CPP would look much different.

How different?

If Alberta withdrew from the CPP and established its own standalone provincial pension plan, Alberta workers would receive the same retirement benefits but at a lower cost (i.e. lower CPP contribution rate deducted from our paycheques) than other Canadians, while the contribution rate—essentially the CPP tax rate—to fund the program would likely need to increase for the rest of the country to maintain the same benefits.

And given current demographic projections, immigration patterns and Alberta’s long history of leading the provinces in economic growth, Albertan workers will likely continue to pay more into the CPP than Albertan retirees get back from it.

Therefore, considering Alberta’s crucial role in national programs, the next federal government—whoever that may be—should undo and prevent policies that negatively impact the province and Albertans ability to contribute to Canada. Think of Bill C-69 (which imposes complex, uncertain and onerous review requirements on major energy projects), Bill C-48 (which bans large oil tankers off B.C.’s northern coast and limits access to Asian markets), an arbitrary cap on oil and gas emissions, numerous other “net-zero” targets, and so on.

Canada faces serious economic challenges, including a trade war with the United States. In times like this, it’s important to remember Alberta’s crucial role in the federation and the outsized contributions of Alberta workers to the wellbeing of Canadians across the country.

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