From LifeSiteNews

By Anthony Murdoch

A significant number’ of Canadians are suspicious of government overreach and would resist any measures by the government or central bank to create digital forms of official money.

A Bank of Canada study has found that Canadians are very wary of a government-backed digital currency, concluding that “significant number” of citizens would resist the implementation of such a system.

The study, conducted by the Bank of Canada, found that a “significant number” of Canadians are suspicious of government overreach, and would resist any measures by the government or central bank to create digital forms of official money.  

According to results from the BOC’s report titled The Consumer Value Proposition For A Hypothetical Digital Canadian Dollar, “cash remains an important method of payment” for Canadians and “[c]ertain groups may strongly resist a digital dollar if they conflate its launch with the end of cash issuance.” 

The BOC noted that not only would a “significant number” of Canadians “reject” digital money, but that for some “mindset segments, their lack of interest in a hypothetical digital Canadian dollar was heavily influenced by perceptions of government overreach.” 

As reported by LifeSiteNews in September, the BOC has already said that plans to create a digital “dollar,” also known as a central bank digital currency (CBDC), have been shelved. 

The shelving came after the BOC had already forged ahead and filed a trademark for a digital currency, as LifeSiteNews previously reported.  

Officials from Canada’s central bank said that a digital currency, or electronic “loonie,” will no longer be considered after years of investigating bringing one to market.  

However, that does not mean the BOC is still not researching or exploring other options when it comes to digital money. As noted by researchers, despite there being some “interest” in a “hypothetical digital Canadian dollar,” that “interest does not necessarily translate to adoption.” 

“Most participants felt well served by current means of payment,” noted the study, adding, “Individuals who support the issuance of a hypothetical digital Canadian dollar did not imagine themselves using it regularly.” 

Those most enthusiastic about a government-backed version of Bitcoin were teenagers and young adults. Those older remained especially skeptical.

“They were skeptical of the need for this new form of money and of its reliability,” read the report, which also noted, “They did not trust that concepts were secure or that their personal information would be kept private.” 

Given the results from the report, the bank concluded that “[b]road early adoption” of a digital dollar “is unlikely given that available payment methods meet the needs of most users.” 

“Financially vulnerable segments often have the most to gain from this payment method but are most resistant to adoption. Important considerations for appeal and adoption potential include universal merchant acceptance, low costs, easy access, simplified online payments, shared payment features, budgeting tools and customizable security and privacy settings,” it noted.  

Digital currencies have been touted as the future by some government officials, but, as LifeSiteNews has reported before, many experts warn that such technology would restrict freedom and could be used as a “control tool” against citizens, similar to China’s pervasive social credit system.  

Most Canadians do not want a digital dollar, as previously reported by LifeSiteNews. A public survey launched by the BOC to gauge Canadians’ taste for a digital dollar revealed that an overwhelming majority of citizens want to “leave cash alone” and not proceed with a digital iteration of the national currency.  

The BOC last August admitted that the creation of a CBDC is not even necessary, as many people rely on cash to pay for things. The bank concluded that the introduction of a digital currency would only be feasible if consumers demanded its release.  

In August, LifeSiteNews also reported that the Conservative Party is looking to gather support for a bill that would outright ban the federal government from ever creating a digital currency and make it so that cash is kept as the preferred means of settling debts.    

Conservative leader Pierre Poilievre promised that if he is elected prime minister, he would stop any  implementation of a “digital currency” or a compulsory “digital ID” system.  

Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.  

From the Canadian Taxpayers Federation

By Ryan Thorpe

Take the Eh Sayers Podcast from Statistics Canada, which has 21 episodes since January 2021. Episode topics have ranged from gender identity to climate change and misinformation to systemic racism.

The podcast has racked up 229 “estimated” subscribers, according to records.

To date, the podcast has cost $971,417.

Dozens of federal departments and agencies have launched podcasts in recent years, with the cost to taxpayers rising to millions of dollars once salary expenses are factored in. 

That’s according to government documents, as well as access-to-information records, obtained by the Canadian Taxpayers Federation.

“Canadians need the government delivering passports, not podcasts,” said Franco Terrazzano, CTF Federal Director. “Can anyone explain why taxpayers are paying for government bureaucrats to spend a bunch of money on podcasts nobody listens to?

“This isn’t providing taxpayers value for money, these podcasts are make-work projects for government bureaucrats we don’t need.”

Take the Eh Sayers Podcast from Statistics Canada, which has 21 episodes since January 2021. Episode topics have ranged from gender identity to climate change and misinformation to systemic racism.

The podcast has racked up 229 “estimated” subscribers, according to records.

To date, the podcast has cost $971,417, meaning taxpayers are on the hook for $4,241 for every subscriber. The podcast averages 1,414 downloads per episode and has 39 reviews on Apple.

There have been anywhere from three to five full-time Statistics Canada employees assigned to the podcast, according to the records.

An August 2023 episode on gender identity begins with a “drag story time” reading from “drag king” Cyril Cinder.

During a December 2023 episode on misinformation, the host and guest talk about the problem with giving “both sides of an issue equal time or consideration.”

An earlier episode, from December 2021, focuses on “the arts and crafts movement across Canada, its renaissance and its necessity.”

“If Statistics Canada bureaucrats want to produce podcasts on gender ideology, climate change or misinformation they can fill their boots on their own time with their own dime,” Terrazzano said. “If you want proof there are too many bureaucrats in Ottawa with too much time and tax dollars on their hands, look no further than these podcasts.”

Or take CCI and CHIN: In Our Words, from Canadian Heritage, that seeks to “preserve” the history of the department “through interviews with current and former staff members.”

Between September 2019 and September 2021, when it was discontinued, the podcast released seven episodes. It has 17 reviews on Apple.

That podcast cost taxpayers $155,736, which works out to a cost of more than $22,000 per episode.

The costs included $9,000 for “podcast training and consulting,” $2,000 for equipment and $115,000 in salary expenses for the full-time staff assigned to it.

The First Sixteen podcast, from Agriculture and Agri-Food Canada, explores the “freshest ideas in agriculture and food.” It racked up $30,000 in expenses, on top of the salary costs for the full-time employee who works on it.

Healthy Canadians podcast, from the Public Health Agency of Canada, has four full-time employees assigned to it.

The average compensation for each full-time federal employee is $125,300 when pay, pension, paid time off, shift premiums and other benefits are considered, according to the Parliamentary Budget Officer.

Healthy Canadians also racked up $67,000 in expenses (over and above salary costs), including $34,000 spent on “podcast strategy, editorial planning and employee training.”

Business Unusual, a pandemic-era podcast produced by Immigration, Refugees and Citizenship Canada, had 13 employees working on it, including two deputy ministers and two executives.

Government records released in November 2023 in response to an order paper question from Conservative MP Rob Moore reveal at least $1.7 million in podcast costs.

But that figure undercounts the true cost to taxpayers, because in most cases the departments did not include salary expenses for staff working on the podcasts.

In every case where salary expenses were included, it was the largest portion of costs.

“No wonder the government is more than $1 trillion in debt when it’s scheming up useless make-work projects for bureaucrats that accomplish nothing more than burning through tax dollars,” Terrazzano said. “With massive deficits and soaring debt, these taxpayer-funded podcasts should be the first thing on the chopping block.”