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Opinion

Inflation Warning: StatsCan Sounds the Alarm

Published

17 hours ago

8 minute read

The Opposition with Dan Knight
Dan Knight

Inflation climbs, energy costs explode, and the government is literally on pause

Picture this: You’re on a plane. The engines are sputtering, the fuel gauge is flashing empty, and the ground is coming up fast. You look to the cockpit for some reassurance, some sign that the people in charge know what they’re doing. But instead, the pilots are gone. They’ve unbuckled their seatbelts, abandoned the controls, and are busy arguing over which one of them gets to be in charge next—because, you know, that’s the real priority right now.

They aren’t governing. They aren’t fixing the problems. They’re trying to save their own political skins while the country burns.

This morning’s Consumer Price Index (CPI) report tells us exactly what’s coming. Inflation is 1.9% year-over-year, and while that number seems stable, it’s a mirage—because once you strip away the government’s temporary tax gimmicks, what’s underneath is an economy about to collapse.

And just when you thought it couldn’t get worse, Trudeau is about to make it worse.

Let’s start with energy, because that’s where the pain begins. Gasoline prices are up 8.6%, natural gas is up 4.8%, and in Manitoba, gas prices just skyrocketed by a staggering 25.9% thanks to a reintroduced gas tax. That’s before Trump’s looming 25% tariff threat, which would send fuel costs spiraling even higher. This isn’t just bad economic policy—it’s a full-blown attack on the working class. Every trucker, every factory worker, every farmer in this country is about to get walloped by higher costs.

And what is Carney’s Liberal Party’s brilliant plan? Another carbon tax hike.

That’s right. While millions of Canadians struggle to afford gas, heating, and food, Trudeau is jacking up the carbon tax—again—on April 1st. That’s not a joke, that’s not speculation, that’s a fact. On that day, the carbon tax will increase to $80 per tonne, driving up gas prices by another 17 cents per liter. Heating your home? Get ready to pay even more. Running a small business? Good luck.

And if you think you caught a break on food prices, think again. The only reason restaurant meals were down 5.1% year-over-year was because of Trudeau’s temporary GST/HST tax cut—which expires in just a few days. Once it’s gone, the illusion of affordability disappears, and food prices will snap back up. Meanwhile, the housing market is still a disaster. Mortgage interest costs jumped 10.2%, rent is up 6.3%, property taxes are rising, and Trudeau is shoving half a million more immigrants into the housing market every year, making it even worse.

And here’s where it gets really ugly. Donald Trump—the current U.S. president—has made it very clear that he’s prepared to slap a 25% tariff on Canadian goods, with a 10% tariff on Canadian energy. What happens then?

  • Canadian oil becomes more expensive to export—which means less investment, fewer jobs, and higher energy prices at home.
  • Manufacturing takes a direct hit—cars, steel, lumber, and agriculture all get more expensive to sell to our biggest trading partner.
  • The Canadian dollar weakens, making everything from imported food to electronics even more costly.

And what is the Trudeau government doing in response?

Nothing. No plan. No strategy. No action. Because they can’t take action. They’ve abandoned ship. They aren’t focused on inflation, trade, or economic survival. They’re focused on themselves.

Trudeau, Mark Carney, Chrystia Freeland, and Karina Gould are on a campaign tour—not for the country, but for the Liberal Party. They’ve literally shut down Parliament—paused democracy itself—so they can focus on their leadership race. Instead of standing before Canadians and explaining how they’re going to stop this economic collapse, they’re off debating amongst themselves over who gets the keys to the sinking ship.

And make no mistake—this isn’t leadership. It’s self-preservation.

Oh sure, they’ll go on CBC and CTV, they’ll look into the camera, nod solemnly, and say they’re “deeply concerned” about affordability. They’ll talk about how they “have a plan” to help Canadians. But let’s be absolutely clear: They cannot execute anything. They can’t pass legislation. They can’t provide relief. They have shut down the government.

The only thing they can do right now is talk. And if they manage to fool enough people into electing them again? Then the real pain begins. More deficits. More immigration. More taxes. The same disastrous Liberal policies that got us here in the first place—only this time, there won’t be a GST holiday to hide the damage.

It’s not just a disgrace. It’s a joke—a sick, insulting joke at the expense of every hardworking Canadian trying to keep their head above water. This country is not some Liberal playground, a sandbox for political elites to bicker over power while the economy crumbles.

And yet, they want you to believe they care about affordability.

Really? Affordability? Because here’s what’s actually happening: The temporary GST break is gone, energy prices are about to skyrocket, and come April 1st, your gas bill goes up again—all thanks to yet another carbon tax hike, courtesy of Mark Carney. That’s right. The man Liberals are grooming to be their next leader is the same unelected banker who cooked up this disaster in the first place.

And now? He gets to inherit it.

So maybe, in some twisted way, this is justice. Maybe it’s actually a blessing that Parliament is prorogued, because it means the Liberals can’t pass any more destructive policies before they’re inevitably thrown out of office. Let Carney take the blame. Let him defend his own brainchild as Canadians get walloped with higher gas prices, higher heating costs, and higher grocery bills.

This is the Liberal legacy: crippling taxes, runaway inflation, and a government too self-absorbed to care. And they have the audacity—the absolute gall—to tell you they’re the ones who will fix it?

Enough. No more distractions. No more backroom power grabs.

Call the election. Face the people. Let Canada decide its future.

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Business

Government debt burden increasing across Canada

Published on February 20, 2025

By

From the Fraser Institute

By Tegan Hill, Jake Fuss and Spencer Gudewill

As governments across Canada unveil their 2025 budgets, outlining their tax and spending plans for the upcoming fiscal year, they have an opportunity to reverse the trend of deficits and increasing debt that has reigned in recent years.

Indeed, budget deficits, which fuel debt accumulation, have become a serious fiscal challenge for the federal and many provincial governments, primarily due to high levels of government spending. Since 2007/08—the final fiscal year before the financial crisis—combined federal and provincial net debt (inflation-adjusted) has nearly doubled from $1.2 trillion to a projected $2.3 trillion in 2024/25. And you can’t blame COVID, as combined federal and provincial net debt (inflation-adjusted) increased by nearly $600 billion between 2007/08 and 2019/20.

Federal and provincial net debt (inflation-adjusted) per person has increased in every province since 2007/08. As shown in the below chart, Newfoundland and Labrador has the highest combined (federal and provincial) debt per person ($68,516) in 2024/25 followed by Quebec ($60,565) and Ontario ($60,456). In contrast, Alberta has the lowest combined debt per person ($41,236) in the country. Combined federal and provincial net debt represents the total provincial net debt, and the federal portion allocated to each of the provinces based on a five-year average (2020-2024) of their population as a share of Canada’s total population.

The combined federal and total provincial debt-to-GDP ratio, an important fiscal indicator that compares debt with the size of the overall economy, is projected to reach 75.2 per cent in 2024/25. By comparison, the ratio was 53.2 per cent in 2007/08. A rising debt-to-GDP ratio indicates government debt has grown at an unsustainable rate (in other words, debt levels are growing faster than the economy). Among the provinces, the combined federal-provincial debt-to-GDP ratio is highest in Nova Scotia (92.0 per cent) and lowest in Alberta (42.2 per cent). Again, the federal debt portion is allocated to provinces based on a five-year average (2020-2024) of their population as a share of Canada’s total population.

Interest payments are a major consequence of debt accumulation. Governments must make interest payments on their debt similar to households that must pay interest on mortgages, vehicles or credit card spending. When taxpayer money goes towards interest payments, there’s less money available for tax cuts or government programs such as health care and education.

Interest on government debt (federal and provincial) costs each Canadian at least $1,930 in 2024/25. The amount, however, varies by province. Combined interest costs per person are highest in Newfoundland and Labrador ($3,453) and lowest in Alberta ($1,930). Similar to net debt, combined federal and provincial interest costs are represented by the total of the provincial and federal portion with the federal portion allocated to each of provinces based on a five-year average (2020-2024) of their population as a share of Canada’s total population.

Debt accumulation comes with consequences for everyday Canadians as more and more taxpayer money flows towards interest payments rather than tax relief or programs and services. This budget season, federal and provincial governments should develop long-term plans to meaningfully address the growing debt problem in Canada.

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Media

Matt Walsh: CBS pushes dangerous free speech narrative, suggests it led to the Holocaust

Published on February 20, 2025

By

MXM logo  MxM News

Quick Hit:

CBS News is facing backlash after host Margaret Brennan suggested on-air that free speech played a role in enabling the Holocaust. The comments came amid a broader discussion on censorship in Germany and Vice President JD Vance’s speech at the Munich Security Conference. Daily Wire commentator Matt Walsh dismantled the claim, calling it an example of the media’s ongoing push for authoritarian control under the guise of democracy.

Key Details:

  • Margaret Brennan’s Remark: CBS’s Brennan questioned whether “weaponized free speech” allowed the Nazis to carry out the Holocaust.

  • Historical Context: Walsh noted that pre-Nazi Germany had strict hate speech laws, contradicting Brennan’s assertion.

  • Media Hypocrisy: CBS recently praised Germany’s government for conducting pre-dawn raids on citizens over online speech.

Diving Deeper:

Daily Wire commentator Matt Walsh sharply criticized CBS News for pushing what he described as an “astonishingly ignorant” argument about free speech. In a segment on Face the Nation, host Margaret Brennan questioned whether the Holocaust was made possible by an unregulated public discourse, saying, “Didn’t the Nazis weaponize free speech to conduct a genocide?”

Walsh wasted no time dissecting the absurdity of Brennan’s claim. “It doesn’t actually mean anything to ‘weaponize free speech to conduct a genocide.’ The words don’t come together in a way that makes any sense,” he wrote. “It’s like saying the Nazis ‘weaponized air to conduct a genocide.’”

He then pointed out the historical reality that completely undermines Brennan’s argument. “Before the Nazis rose to power, Weimar Germany had laws against so-called ‘hate speech,’ including laws that prohibited hate speech against Jews,” Walsh noted. In fact, German authorities cracked down on dissenting voices long before Hitler’s rise, shutting down newspapers and banning public speeches. Yet, as history showed, these restrictions did nothing to stop the Nazis from gaining power.

The discussion around free speech restrictions comes at a critical time in Europe, as Germany prepares for a major election where the nationalist party, Alternative for Germany (AfD), is surging in popularity. The establishment media has repeatedly labeled AfD “far-right,” despite the party’s focus on issues like border control, energy independence, and rejecting radical gender ideology.

This broader push for censorship was highlighted by a separate CBS segment showcasing how German authorities now conduct pre-dawn raids on people over online speech deemed offensive. Walsh highlighted the disturbing reality of the situation: “Try to imagine how CBS would be covering raids like this if they came at the direction of Donald Trump.”

The media’s reaction to Vice President JD Vance’s speech at the Munich Security Conference further underscored their bias. The Ohio senator directly challenged European elites on their handling of migration and security, prompting outrage from diplomats and bureaucrats alike. Christoph Heusgen, the conference chair and a former German diplomat, went so far as to break down in tears in his farewell speech—a moment Walsh ridiculed as a “new low in global leadership.”

For Walsh, the media’s selective outrage over free speech and censorship is telling. “The corporate press isn’t actually concerned about the rise of an authoritarian government,” he concluded. “They just want to make sure they’re the ones running it.”

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