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Economy

Trudeau’s Economic Mismanagement Exposed: GDP Report Reveals Alarming Decline in Canadian Prosperity

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9 minute read

The Opposition with Dan Knight

The latest “Gross Domestic Product, Income, and Expenditure: Third Quarter 2024” report highlights six consecutive declines in GDP per capita & collapsing business investment

Good evening my fellow Canadians, and welcome to the final chapter of Canada as a thriving economy, brought to you courtesy of Justin Trudeau. The latest GDP report isn’t just a spreadsheet of bad news—it’s a grim look at the devastation Trudeau has unleashed on Canada’s economy.

Here’s what they won’t tell you: while Trudeau prances around on the world stage, preaching about climate change and “equity,” the average Canadian is getting poorer. GDP per capita—one of the most telling measures of prosperity—has now declined for six consecutive quarters, hitting levels not seen since 2017. Let that sink in. Under Trudeau’s leadership, Canadians are worse off today than they were seven years ago.


Canada’s GDP Growth: A Sluggish Economy Falling Behind

The latest figures from Statistics Canada’s Gross Domestic Product, Income, and Expenditure: Third Quarter 2024 report show an economy struggling to find its footing. Real GDP grew by 0.3% in Q3 2024, a slowdown from the 0.5% growth in the first and second quarters of the year. On an annual basis, GDP growth for 2023 was a modest 1.1%, further highlighting Canada’s weak economic momentum.

In real terms, Canada’s GDP as of Q3 2024 stands at $2,419,572 million (chained 2017 dollars). While the economy continues to expand, this growth pales in comparison to the nation’s surging population.


GDP Per Capita Declines: A Warning Sign for Canadians

Canada’s economic growth is not keeping pace with its rapid population expansion. In Q3 2024, GDP per capita—arguably the most important measure of economic health—declined by 0.4%, marking the sixth consecutive quarterly drop. With a staggering 3.2% population growth in 2023, Canada’s economy cannot sustain the same level of prosperity for its citizens.

Current GDP per capita is estimated at ~$54,000, down from its pre-pandemic high of ~$58,100 in 2017, and 2.5% below 2019 levels. To return to its long-term trend, GDP per capita would need to grow at an ambitious 1.7% annually for the next decade, a rate well above the recent average of just 1.1% per year since 1981.


Historical Context: Long-Term Prosperity Eroded

The report shows a troubling trajectory in inflation-adjusted GDP per capita over decades:

  • 1981: ~$36,900
  • 2017: ~$58,100
  • 2024: ~$54,000 (estimated due to consecutive declines).

Despite Canada’s resource wealth and economic potential, GDP per capita remains 7% below its historical growth trend, signaling systemic productivity and investment issues.


Key Drivers of GDP Growth in Q3 2024

The Q3 2024 report highlights the components influencing GDP growth:

  • Household Spending: +0.9%
  • Government Spending: +1.1%
  • Business Investment in Machinery and Equipment: -7.8%
  • Exports: -0.3%
  • Imports: -0.1%

While household and government expenditures provided some lift, the steep decline in business investment—down nearly 8%—and weaker exports reveal structural weaknesses in Canada’s economic model.


A Warning for the Future

These numbers tell a grim story: Canada’s economic growth, when adjusted for its population explosion, is failing to provide real benefits to its citizens. GDP per capita declines, stagnant productivity, and plummeting business investment highlight the challenges ahead. Without dramatic improvements in productivity, competitiveness, and fiscal policy, Canada’s long-term economic prospects remain precarious.


Trudeau’s Population Bomb

In 2023, Canada’s population grew by a jaw-dropping 3.2%, adding over 1.27 million people—the size of Calgary—in just one year. Trudeau’s open-door immigration policy is out of control. But here’s the kicker: the economy isn’t keeping up. GDP growth is crawling at 0.3%, while GDP per capita—the number that actually reflects living standards—has fallen 2.5% below pre-pandemic levels.

What does this mean? Trudeau is creating a country where there are more people, but less wealth to go around. He’s importing voters for his political base while ignoring the basic economics of supply and demand. More people mean more pressure on housing, healthcare, and infrastructure—all of which are already in crisis. Trudeau gets the photo ops, and Canadians get poorer.


Productivity? What’s That?

Here’s the real scandal: Canada’s productivity is collapsing, and Trudeau couldn’t care less. Business investment in machinery and equipment—a cornerstone of economic growth—dropped 7.8% in Q3 2024. That’s not a blip. It’s part of a long-term trend.

Under Trudeau, Canada has become hostile to business. With punishing taxes, endless red tape, and policies designed to appease radical activists, companies have stopped investing. They’re pulling back because they see no future in a country run by a trust-fund prime minister who treats the economy like his personal virtue-signaling playground.


Exports Collapse, Government Spending Soars

Exports fell 0.3% this quarter, after a 1.4% drop the quarter before. That’s Canada losing its competitive edge, plain and simple. While Trudeau waxes poetic about “green transitions,” other countries are eating Canada’s lunch.

Meanwhile, Trudeau’s solution to every problem is predictable: throw money at it. Government spending rose 1.1% in Q3 2024, marking the third consecutive quarterly increase. But this isn’t investment—it’s waste. It’s billions spent on flashy programs that do nothing to address Canada’s fundamental economic problems.


The OECD Warning Trudeau Ignores

Here’s a fact Trudeau won’t tweet about: The Organization for Economic Co-operation and Development (OECD) projects that Canada will have the lowest GDP per capita growth of all member countries through 2060. That’s Trudeau’s legacy: turning Canada into the slowest-growing economy in the developed world.

This isn’t just incompetence—it’s deliberate. Trudeau’s agenda isn’t about making Canada prosperous; it’s about centralizing power. His policies crush the middle class, drive businesses out, and create dependence on government handouts.


The Final Verdict

Justin Trudeau has managed to take one of the most resource-rich, opportunity-filled countries in the world and drive it into economic stagnation. He’s turned Canada into a welfare state for the many and a playground for the elite. GDP per capita is falling, productivity is collapsing, and the future looks bleak for ordinary Canadians.

Let’s be clear: Trudeau doesn’t care. As long as he’s jet-setting to global conferences, virtue-signaling about climate justice, and securing his legacy as the darling of the global elite, the suffering of everyday Canadians is irrelevant to him.

Canada deserves better. It deserves leadership that values hard work, economic freedom, and the dignity of a prosperous nation. And until Trudeau is gone, don’t expect any of that.

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Business

Liberals, globalists flip out after Trump orders USAID freeze

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From LifeSiteNews

By Stephen Kokx

How many Americans even knew what USAID was until this week? I’m guessing less than one percent. 

For the uninformed: USAID was started by President John F. Kennedy in 1961. Officially named the United States Agency for International Development, it spends over $40 billion in taxpayer dollars every year on various initiatives overseas; most of which are a complete waste of money, as Elon Musk and others have pointed out in recent days. See here:  

Whatever good intentions Kennedy may have had for the program, it has morphed into a slush fund for the Deep State to spread wokeism and to spark revolutions in countries that resist its tyrannical decrees. All of this is done in the name of “defending democracy” mind you. 

Under Joe Biden, USAID was run by World Economic Forum functionary Samantha Powers, who weaponized the agency to funnel boatloads of cash to Ukraine, among other futile projects.   

That fact was pointed out by Balázs Orbán, the son of Hungary’s Prime Minister Viktor Orbán, on X this week. 

 

A CIA front group that promotes LGBT ideology overseas 

President Trump has had enough of this. In his continued effort to drain the swamp, he signed an executive order empowering the newly created Department of Governmental Efficiency to dismantle USAID. 

“I love the concept, but they turned out to be radical left lunatics,” he said about the agency in the Oval Office on Monday.   

USAID’s website has already been shut down, and many of its liberal employees have been fired or barred from entering its headquarters in D.C., causing Democrats to hold a rally outside of it; because nothing shows the American people that you care about them more than defending a program designed to spend their money in foreign lands. Talk about being out of touch.  

 

 

Oddly enough, left-wing Jesuit priest James Martin also defended the agency by claiming that Jesus would support it as well. He was rightly called out by Archbishop Carlo Maria Viganò on X.  

 

Trump’s Secretary of State Marco Rubio has been named USAID’s interim director. He told the media this week that its rogue behavior has come to an end.  

“USAID has a history of ignoring [the national interest of the United States] and deciding that they’re a global charity. These are not donor dollars, these are taxpayer dollars,” he said. 

 

Other lawmakers and mainstream pundits have jumped on the bandwagon as well. 

“To my friends who are upset, call somebody who cares. You better get used to this. It’s USAID today, it’s gonna be Department of Education tomorrow,” GOP Senator John Kennedy said.  

 

“It’s not foreign aid — it’s a foreign slush fund,” Fox News’ Laura Ingraham has argued, as has Glenn Beck 

Trump’s “Rapid Response” X account joined in on the fun by highlighting some of the many ways the agency has wasted your and my money on LGBT and DEI causes abroad. 

 

Democrats melt down as Trump takes aim 

Liberals have been unable to control themselves. News that fewer tax dollars will be spent promoting their woke religion has left them apoplectic.  

This is a “coup,” thundered an emotional Joy Reid on MSNBC. 

Fellow MSNBC anchor Jen Psaki ludicrously claimed that the agency helps with “humanitarian” causes and “works to combat corruption.” 

Van Jones said on CNN the rolling back of funding is Trump telling the world to “go die.” 

Total nonsense.  

Like Freemasonry, USAID may feed the poor and help some impoverished people, but that is just cover to hide its true aim, which is to sow discord in countries that reject the NATO and U.S. empire.  

USAID has done this for decades, primarily by funding non-governmental organizations (and even extremists) that cause headaches for leaders who refuse to be slaves to the West. This has been the case in the nation of Georgia over the past several years. See here:  

 

 

CNN’s Scott Jennings, a Republican, made a comment about how USAID has been appropriated by liberals that really hits the nail on the head with what has gone wrong with it. 

“There is a difference between soft power and soft stupidity. So whether you’re funding DEI musicals in some country or transgender surgery somewhere or whatever, that is not what most Americans would say is an effective part of U.S. foreign policy.” 

USAID funded the Wuhan lab in China 

Perhaps the most attention-grabbing headline that has emerged with the USAID story is the revelation that the agency funneled $40 million to a lab in Wuhan, China, to study bat coronaviruses. 

“Records prove that Ben Hu — COVID’s likely ‘Patient Zero’ — is a Wuhan white coat funded directly by Fauci, NIT & USAID to conduct dangerous coronavirus gain of function experiments on animals!” watchdog group White Coat Waste Project posted on X today.  

Fauci has long denied being involved in such measures, but GOP Senator Ran Paul has never backed down from disputing his claims. He likewise challenged Samantha Powers about USAID money going to Wuhan as well.  

 

Last week, Paul announced his intention to continue digging into the matter, given Biden’s preemptive pardoning of Fauci.  

 

Today, Paul re-shared an X post from political activist Matt Kibbe that suggested he is on the cusp of blowing the whole thing wide open.  

“NIAID and USAID were money-laundering puppets for agencies prohibited from doing dangerous gain-of-function bioterrorism research. Now, Rand Paul and Elon Musk are poised to expose the whole scheme,” Kibbe said.  

 

USAID has misspent taxpayer money in countless other ways as well. Many of the downright bizarre programs are being shared on X. Here are a few of them:  

 

 

 

It should be noted that Rand Paul’s father, former Congressman Ron Paul, has been a critic of the Deep State for decades. In a recent video message, he called on the government to audit USAID and then shut it down. Elon Musk re-shared the video, calling it an “interesting” proposal.  

 

That’s good advice. I hope Elon and Trump will take it and follow through on it. Ending USAID is long overdue. 

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Economy

Human population set to decline for the first time since the Black Death

Published on

From LifeSiteNews

By Steven Mosher of the Population Research Institute

The world’s population is not only not exploding, it’s on the cusp of collapsing.

The collapse in birth rates that began in post-war Europe has, in the decades since, spread to every single corner of the globe.

Many nations are already feeling this death spiral, filling more coffins than cradles each year.

Just this past year, Japan lost nearly a million people. Poland lost 130,000.

However, the big story comes from China, home to one-sixth of the world’s population.

The decades-long devastation wrought by the one-child policy has sent that country, for centuries the pacesetter in population, into absolute decline.

China finally admitted that its population was shrinking, but demographers — including myself — believe that the numbers have been falling for almost a decade.

The Chinese government’s official population figure of 1.44 billion also greatly exaggerates its overall numbers, some analysts say by as much as 130 million people.

India, the country that has now overtaken China in population, is still growing, but not for long.

The average Indian woman was having only two children over her reproductive lifetime, the Indian government reported in 2021, well below the 2.25 or so needed to sustain the current population.

The current total fertility of Tunisian women, for example, is estimated at 1.93.

The result of all these empty wombs is that humanity just passed a major milestone, although not one we should celebrate.

For the first time in the 60,000 or so years that human beings first arrived on the planet, we are not having enough babies to replace ourselves. No wonder Donald Trump has suggested providing free IVF to all Americans “because we want more babies,” he says.

Because of ever-lengthening life spans, the population will continue to grow until mid-century. But when this demographic momentum ends—and it will end—we will reach a second grim milestone on humanity’s downward trajectory:

For the first time since the Black Death in the Middle Ages, human numbers will decline.

The 14th century bubonic plague was the worst pandemic in human history. It killed off half the population of Europe and perhaps a third of the population of the Middle East.

But even as the plague was filling mass graves, the survivors kept filling cradles. And because the birth rate remained high the global population recovered although it took a century or so.

This time around, we may not be so fortunate. All the factors that influence fertility, from marriage rates to urbanization to education levels, are pushing births downward.

Now you may be excused for not knowing about the current birth dearth.

After all, powerful international agencies like the UN Population Fund and the World Bank have done their best to keep it out of the public eye.

Moreover, these agencies, set up during the height of the hysteria over “overpopulation” in the 1960s, like to overestimate births in one country and pad population numbers in another.

For example, the UN, in its annual World Population Prospects, claims that 705,000 babies were born in Colombia last year, when the country’s own government pegs the number at just 510,000.

This is not a rounding error.

Neither is the UN’s claim that Indian women are still averaging 2.25 children, defying the country’s own published statistics, which show that it is now below 2.0.

All this number fudging allows the UN to claim that the global total fertility rate last year was at 2.25, still above replacement

It’s even wrong about replacement rate fertility, which it says is 2.1 children per women.

It’s wrong because in many countries sex-selection abortion skews the sex ratio strongly in favor of boys.

To make up for the tens of millions of unborn baby girls missing in China, India and other Asian countries, those countries need more need 2.2 or even 2.3 children on average.

The UN exaggerates human numbers for the same reason that the Biden-Harris administration exaggerated employment numbers: for financial gain and political survival.

There are billions of dollars at stake, funding that is fueled by a dark fear of mushrooming human numbers.

The population control movement does not intend to go quietly to its grave, even as it continues to dig humanity’s own, so it feeds this fear.

But the world’s population is not only not exploding, it’s on the cusp of collapsing. Which is why it’s time to end the war on population.

This article was originally published on www.pop.org on September 3rd, 2024, before being reprinted in the John Paul II Academy for Human Life and the Family’s Academy Review in November 2024.  Edited and republished here with permission.

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