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StatsCan Confirms Canada’s Middle Class Is Disappearing Under Liberal Mismanagement

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The Opposition with Dan Knight

A new Statistics Canada report reveals widening income inequality and a shrinking middle class, all while Trudeau’s Liberals push policies that benefit the wealthy and punish working Canadians.

A newly released report from Statistics Canada on household economic accounts for the third quarter of 2024 confirms what many Canadians have long suspected—while the wealthiest continue to rake in profits, middle- and lower-income families are left struggling under the weight of economic policies that seem designed to work against them. The report, released today, paints a stark picture of a country where financial inequality is not just persisting, but growing.

The numbers don’t lie. Income inequality has increased, with the top 40% of earners pulling even further ahead of the bottom 40%. The gap in disposable income between these two groups expanded to 46.9 percentage points, up from 46.3 just a year ago. The highest-income households saw their disposable income rise by 6.8%, largely driven by soaring investment gains, while the poorest Canadians saw only a 3.7% increase, barely enough to keep up with the cost of living. Meanwhile, middle-income earners experienced sluggish wage growth of just 2.7%, well below the national average.

Despite declining interest rates, lower-income households found themselves paying more on mortgages and consumer credit, while the wealthy reaped the benefits of higher investment yields. The data shows that middle-income households, who are already feeling the squeeze from inflation and stagnating wages, saw their share of national income shrink.

The most revealing statistic is in net worth distribution. The top 20% of wealthiest Canadians control nearly two-thirds (64.7%) of the country’s net worth, averaging an eye-watering $3.3 million per household. Meanwhile, the bottom 40% hold just 3.3%, barely scraping by with an average of $83,189 in assets.

However, the real estate market has provided a rare silver lining for some lower-wealth households, as they were able to take advantage of slightly more favorable conditions to buy homes, increasing their net worth at the fastest pace. But even that gain is tempered by the reality that housing costs remain unaffordable for many, and young Canadians under 35 continue to pull back from homeownership altogether.

Let’s be clear—this isn’t happening by accident. This is what happens when you let a government of self-serving narcissists run the country into the ground. Justin Trudeau and his Liberal Party have spent nearly a decade dismantling the Canadian economy, pushing a radical, ideologically driven agenda that benefits their elite donor class while leaving working Canadians behind. And now, as the country crumbles under the weight of their incompetence, Trudeau is running for the exits, leaving the mess to whoever’s foolish enough to take the job.

And what do they do on the way out? Do they work to secure our economy? To make life more affordable? To protect Canadian workers? No. Instead, they decide to pick a fight with the United States. Donald Trump, who actually puts his country first—imagine that—announces a 25% tariff on Canadian imports, a move meant to address drug trafficking and illegal immigration, and what’s the Liberals’ response? Do they try to work out a deal? Do they negotiate in good faith to protect Canadian jobs? No. Instead, Chrystia Freeland comes out swinging, proposing retaliatory tariffs that will hurt Canadian businesses just as much, if not more, than they’ll hurt the U.S.

This isn’t about protecting Canada. This isn’t about securing the border or fighting for our economy. This is about pure, partisan politics. The Liberal base wants conflict with the U.S. Not because it’s good for the country, but because their fragile, self-righteous worldview depends on it. They hate Trump, and they hate that his America-First policies are actually working for American workers. So instead of finding a solution, they escalate. They antagonize. Because their base loves it. Not because Canada benefits, but because Liberals benefit.

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And meanwhile, what’s Jagmeet Singh doing? The man who loves to talk about standing up for the working class? He could pull the plug on this corrupt government today with a non-confidence motion. But he won’t. Because, like every other member of the political elite in this country, he’s more interested in protecting his own position than actually doing his job. He makes noise about fighting for Canadian workers, but when the moment comes to act, he folds—again.

So here we are. The economy is in shambles. The wealth gap is growing. The middle class is getting squeezed to death. And the people in charge are too busy playing partisan games to do anything about it. Trudeau is leaving, but his legacy of economic destruction, division, and incompetence will live on through the same out-of-touch Liberal elites who put us in this mess.

But here’s the thing—Canada is better than this. We are a nation built on hard work, freedom, and opportunity, not on government control, reckless spending, and endless excuses. We are a country that thrives when its people—not bureaucrats in Ottawa—decide their own future.

It’s time for Canadians to take their country back. It’s time to put an end to this cycle of economic ruin and government failure. We don’t need more empty promises, more excuses, or more Liberal arrogance. We need an election. We need leaders who believe in the strength of Canadians, not the power of government.

Enough is enough. If we want a future where hard work is rewarded, where families can afford to buy a home, and where our economy is built to benefit all Canadians—not just the elite—then we must act. This country belongs to you, not the Liberal Party, not the special interests, and certainly not the self-serving political class in Ottawa.

Canada deserves better. And the time to demand it is now.

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Automotive

Auto giant shuts down foreign plants as Trump moves to protect U.S. industry

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MXM logo  MxM News

Quick Hit:

Stellantis is pausing vehicle production at two North American facilities—one in Canada and another in Mexico—following President Donald Trump’s announcement of 25% tariffs on foreign-made cars. The move marks one of the first corporate responses to the administration’s push to bring back American manufacturing.

Key Details:

  • In an email to workers Thursday, Stellantis North America chief Antonio Filosa directly tied the production pause to the new tariffs, writing that the company is “continuing to assess the medium- and long-term effects” but is “temporarily pausing production” at select assembly plants outside the U.S.

  • Production at the Windsor Assembly Plant in Ontario will be paused for two weeks, while the Toluca Assembly Plant in Mexico will be offline for the entire month of April.

  • These plants produce the Chrysler Pacifica minivan, the new Dodge Charger Daytona EV, the Jeep Compass SUV, and the Jeep Wagoneer S EV.

Diving Deeper:

On Wednesday afternoon in the White House Rose Garden, President Trump announced sweeping new tariffs aimed at revitalizing America’s auto manufacturing industry. The 25% tariffs on all imported cars are part of a broader “reciprocal tariffs” strategy, which Trump described as ending decades of globalist trade policies that hollowed out U.S. industry.

Just a day later, Stellantis became the first major automaker to act on the new policy, halting production at two of its international plants. According to an internal email obtained by CNBC, Stellantis North American COO Antonio Filosa said the company is “taking immediate actions” to respond to the tariff policy while continuing to evaluate the broader impact.

“These actions will impact some employees at several of our U.S. powertrain and stamping facilities that support those operations,” Filosa wrote.

The Windsor, Ontario plant, which builds the Chrysler Pacifica and the newly introduced Dodge Charger Daytona EV, will shut down for two weeks. The Toluca facility in Mexico, responsible for the Jeep Compass and Jeep Wagoneer S EV, will suspend operations for the entire month of April.

The move comes as Stellantis continues to face scrutiny for its reliance on low-wage labor in foreign markets. As reported by Breitbart News, the company has spent years shifting production and engineering jobs to countries like Brazil, India, Morocco, and Mexico—often at the expense of American workers. Last year alone, Stellantis cut around 400 U.S.-based engineering positions while ramping up operations overseas.

Meanwhile, General Motors appears to be responding differently. According to Reuters, GM told employees in a webcast Thursday that it will increase production of light-duty trucks at its Fort Wayne, Indiana plant—where it builds the Chevrolet Silverado and GMC Sierra. These models are also assembled in Mexico and Canada, but GM’s decision suggests a shift in production to the U.S. could be underway in light of the tariffs.

As Trump’s trade reset takes effect, more automakers are expected to recalibrate their production strategies—potentially signaling a long-awaited shift away from offshoring and toward rebuilding American industry.

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Business

‘Time To Make The Patient Better’: JD Vance Says ‘Big Transition’ Coming To American Economic Policy

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JD Vance on “Rob Schmitt Tonight” discussing tariff results

 

From the Daily Caller News Foundation

By Hailey Gomez

Vice President JD Vance said Thursday on Newsmax that he believes Americans will “reap the benefits” of the economy as the Trump administration makes a “big transition” on tariffs.

The Dow Jones Industrial Average dropped 1,679.39 points on Thursday, just a day after President Donald Trump announced reciprocal tariffs against nations charging imports from the U.S. On “Rob Schmitt Tonight,” Schmitt asked Vance about the stock market hit, asking how the White House felt about the “Liberation Day” move.

“We’re feeling good. Look, I frankly thought in some ways it could be worse in the markets, because this is a big transition. You saw what the President said earlier today. It’s like a patient who was very sick,” Vance said. “We did the operation, and now it’s time to make the patient better. That’s exactly what we’re doing. We have to remember that for 40 years, we’ve been doing this for 40 years.”

“American economic policy has rewarded people who ship jobs overseas. It’s taxed our workers. It’s made our supply chains more brittle, and it’s made our country less prosperous, less free and less secure,” Vance added.

Vance recalled that one of his children had been sick and needed antibiotics that were not made in the United States. The Vice President called it a “ridiculous thing” that some medicines invented in the country are no longer manufactured domestically.

“That’s fundamentally what this is about. The national security of manufacturing and making the things that we need, from steel to pharmaceuticals, antibiotics, and so forth, but also the good jobs that come along when you have economic policies that reward investing in America, rather than investing in foreign countries,” Vance said.

WATCH:

With a baseline 10% tariff placed on an estimated 60 countries, higher tariffs were applied to nations like China and Israel. For example, China, which has a 67% tariff on U.S. goods, will now face a 34% tariff from the U.S., while Israel, which has a 33% tariff, will face a 17% U.S. tariff.

“One bad day in the stock market, compared to what President Trump said earlier today, and I think he’s right about this. We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America. More importantly than that, of course, the people in Wall Street have done well,” Vance said.

“We want them to do well. But we care the most about American workers and about American small businesses, and they’re the ones who are really going to benefit from these policies,” Vance said.

The number of factories in the U.S., Vance said, has declined, adding that “millions of workers” have lost their jobs.

“My town [Middletown, Ohio], where you had 10,000 great American steel workers, and my town was one of the lucky ones, now probably has 1,500 steel workers in that factory because you had economic policies that rewarded shipping our jobs to China instead of investing in American workers,” Vance said. “President Trump ran on changing it. He promised he would change it, and now he has. I think Americans are going to reap the benefits.”

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