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Trudeau’s Canada a House of Cards Waiting to Collapse

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1 year ago

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Trudeau's Canada a House of Cards Waiting to Collapse

Canada is under a state of toxicity. It’s unfashionable to say so in centrist circles, but it’s true. The country faces escalating radicalism, toxic polarisation, and low trust. Wealth disparity is increasing. Its federal system could be better, notably in the relationship between Alberta and the national government. Monopolies and oligopolies go amok, exploiting customers.

There are numerous other issues. However, the convergence of a few big obstacles screams House of Cards collapsing! The country’s housing crisis, consumer debt, and high – and potentially rising – interest rates are among them.

They present a picture of hardworking individuals living lives they can’t afford daily. This dreadful scenario occurs no matter how hard people work or how strictly they adhere to the game’s rules – laws they were assured were fair and just.
The Exorbitant Cost of Housing

In Canada, housing is completely expensive. The average home costs around CAD$700,000, while a one-bedroom rental costs close to $1,900 per month.

According to the Canadian Centre for Policy Alternatives, the hourly wage required to rent a one-bedroom flat exceeds the provincial minimum wage. The analysis discovered only three urban regions in Quebec where the minimum wage was more than the rent for a one-bedroom flat.

Housing starts — breaking ground on new buildings — are falling behind as the country booms. They were down 10% in July after a significant increase in June.

No Affordable Homes in Canada

According to the CMHC, the country needs 5.8 million homes by 2030 to achieve affordability, but construction is on track to reach only 2.8 million, less than half of what is required. Building costs, government policies, and labor shortages impede construction attempts.

Even when units are produced, there are far too few purpose-built rentals and non-market options to assist people needing affordable housing.

Those who are lucky enough to own a home face their own set of challenges. Mortgage payments are growing due to high-interest rates, which may climb again in the autumn. Now, 40% of mortgage holders borrow to cover day-to-day expenditures, and nearly 20% need to catch up on their payments.

According to Robert McLister of the Globe and Mail, that is based on data from December, and things have most likely worsened since then. Despite new measures from the Financial Consumer Agency of Canada aimed at keeping people in their houses and pricey financial gimmicks such as extra-long mortgage amortization periods, the prospect of default looms.

However, something has to give at this rate — especially since debtors will face renewal periods and high-interest rates in the coming months and years.

Canadians Floundering in Debt

Households are also heavily in debt. The CMHC cautioned in May that Canada’s household debt, which leads the G7 and will reach 107 percent of GDP in 2021, “makes the economy vulnerable to any global economic crisis.” It also puts it vulnerable to an internal crisis of its own making.

Mortgages account for most household debt, although auto loans and credit cards also contribute. Consumer debt in Canada reached a new high of $2.32 trillion in the spring. People need to catch up on their payments. Simultaneously, inflation and rising prices remain.

The Bank of Canada raised interest rates by 25 basis points to 5% in July, largely due to mortgage expenses, which were the key inflation drivers in June and July. As it struggles to achieve its 2% inflation objective, the bank may raise rates again in September.

In the near term, the bank and Canadians are locked in a vicious mortgage-inflation circle in which mortgage rates fuel inflation, and the bank boosts interest rates to combat inflation, which raises mortgage costs. Even if the long-term goal is to reduce inflation by limiting money supply and expenditure, the short-term spiral is hell.

It will take a long time to reach the 2% inflation target. Meanwhile, Canadians are in a precarious position with high mortgage rates, a lack of home supply, high prices, and a massive consumer debt burden.

As interest rates climb, so does the likelihood and possible number of mortgage, auto loan, and credit card defaults. The chance of job loss is similar.

The Austerity Dance of Justin Trudeau

The Bank of Canada is not mandated nor disposed to care about persons in financial difficulty in the short term. Its long-term goal is to keep inflation at a sustainable level. On the other hand, national, provincial, and local governments are supposed to care about those in need at all times. And yet, if there is a plan in place to protect Canada’s house of cards from collapsing or to make people whole, if it does, it is still being determined what that plan is.

Imperfect and insufficient social welfare programs, such as dental care and prescription drug coverage, are being implemented, but they are insufficient to address Canada’s serious financial crisis.

The Liberal government of Justin Trudeau may also be considering budget cuts. Ministers have been directed to cut $15 billion in spending by October. This could indicate a government less willing to spend significantly in the coming months and years, even as the Liberals sag in the polls and face an election in the autumn of 2025 or sooner.

Governments must be prepared to support individuals experiencing economic difficulty and will be crushed if the country’s house of cards collapses.

These folks work and strive for the things they’ve been instructed to strive for: a house, a car, an education, and a few respectable consumer goods. They are now abandoned due to a confluence of economic systems, pandemic repercussions, inefficient government policies, and unpredictable global geopolitical processes.

These employees, who ensure the buses run on time and the grocery shelves are filled, make up 40% of the country’s wages yet own only 2.7 percent of its net worth. In contrast, the wealthiest 20% of income controls about 70% of the total.

This wealth disparity is terrible at any time, but it’s especially disgusting in the aftermath of the last few years when the powers that be paid so much lip service to workers — as “frontline” and “essential.” They must not be abandoned in the wilderness while the country fights to resolve its economic problems.

This article by By David Moscrop was first published in Jacobin.com

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Ontario Woman Charged Criminally for Squiring Neighbor With Water Gun

Published

40 mins ago

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2024-09-12

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Ontario woman facing criminal charge following water gun incident
Ontario woman facing criminal charge following water gun incident - File Image

A woman in Ontario is currently facing a charge of assault with a weapon after she inadvertently sprayed her neighbour with a water gun over the Labour Day weekend. At least one legal expert has characterised the charge as a waste of legal resources.

Wendy Washik reported that she was participing in a playful water fight with one of her neighbours’ children during a neighbourhood barbecue on September 1. She said that she inadvertently sprayed a neighbour with water while pursuing the child to the front of the residence.

The neighbour (a Man) immediately began “screaming” at her, despite the fact that she promptly apologised.

She told CTV News, the neighbour contacted the police, who arrived shortly after and charged her with assault with a weapon. She said that the police conversed with the neighbour, but they did not enquire about the incident with any other individuals.

Wendy Washik was criminally charged after she said she accidentally sprayed her neighbour with a water gun

Wendy Washik was criminally charged after she said she accidentally sprayed her neighbour with a water gun

“I was shocked.” It was quite unbelievable to me. I repeatedly stated to the police officer, “It was a water gun.” I did not spray him intentionally. I was a harmless water fight Washik expressed his disbelief.

On September 3, an Ontario Provincial Police (OPP) press release stated that a Norfolk County officer was summoned to the Woodway Trail residence to investigate a neighbour dispute over a physical assault. There was no indication of any injuries.

The Norfolk County police release a statement saying there was an assault with a weapon giving Washik name, age, and place of residence; however, they did not provide a description of the type of weapon used.

Washik said that due to the statement the school board were she works put her on forced leave. “I have experienced significant stress, both in terms of my mental and financial well-being.” “My family has also experienced a great deal,” she said.

Criminal Defence Lawyer Monte McGregor

Criminal Defence Lawyer Monte McGregor

In an interview with CTV News, Criminal Defence Lawyer Monte McGregor, who is not engaged in the case, stated that a water gun can be classified as a weapon under the law. An assault is the act of touching or threatening to contact an individual without their consent.

MacGregor stated that police have a certain degree of discretion in determining whether or not to file a charge and whether or not they have reasonable and probable grounds to suspect that an offence has been committed.

He expressed his astonishment at the charge being brought against the woman. He said the charges are a pointless expenditure of court resources, and I am of the opinion that this was just an unfortunate accident, not a crime.

The Ontario Provincial Police (OPP) stated that the specifics of the weapon in question are deemed part of the investigation and are not “generally” disclosed to the public. They are dedicated to upholding rigorous standards in their investigative work, “regardless of the public’s perception of the allocation of resources.”

MacGregor stated that Washik’s counsel will likely have the opportunity to consult with the Crown attorney prior to her scheduled court appearance on Sept. 24. He stated that the Crown attorney may exercise their discretion and provide Washik with a resolution; however, it may necessitate that she accept culpability for the incident.

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Unprecedented 4.7 Earthquake Strikes Near Los Angeles.

Published

1 hour ago

on

2024-09-12

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Earthquake

(VOR News) – Early Thursday morning, an earthquake with a preliminary magnitude of 4.6 rocked the Los Angeles area. Early in the morning is when the earthquake was first felt.

All around the region, the effects of the earthquake were felt. Millions of individuals who resided in the region were greatly impacted by the earthquake.

The United States Geological Survey reports that the earthquake occurred at around 7:28 a.m. and that its epicentre was located around 4.3 miles north of Malibu. It was found more than seven km below the surface.

When the earthquake was first recorded, its magnitude was given as 5.1; it was then changed to 4.6 and then updated again to 4.7. It was eventually established that the magnitude was 4.7.

Many KTLA viewers reported feeling the earthquake throughout Orange County, the Inland Empire, and the coast. Furthermore, a number of Orange County residents have claimed to have experienced it.

There have been no reports of property damage or person injuries as of seventy-five minutes after the hour. Furthermore, it was difficult to get hold of any additional information that might have been sent.

recent seismic events that have taken place in California. We kindly ask that you wait before continuing after the map has appeared on the screen.

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It is anticipated that hundreds of earthquakes occur in the state of California each year, the most majority of which are thought to be extremely minor in magnitude. The United States Geological Survey (USGS) estimates that there are up to several hundred earthquakes with a magnitude of 3.0, and between 15 and 20 earthquakes larger than 4.0.

There is just one state in North America where the annual number of earthquakes is higher than that of California. This is one of those states. Alaska is where we are.

What steps ought to be done in the event of an earthquake?

Knowing what actions should be taken in the event of an earthquake is crucial for both self-defence and reducing the risk of physical harm.

Furthermore, the California Department of Public Health (CDPH) offers comprehensive guidelines on what steps should be followed to address the issue in the case that incidents of this kind occur. To go into more detail, the following is the most crucial point:

Please drop, maintain your hold, and cover your head:

It is advised that you start by lowering yourself to the ground as quickly as you can while on your hands and knees. Maintaining this position will help you avoid falling and, should you need to crawl to safety, it will also allow you to blend in with the surroundings.

Before proceeding to the following stage, find cover behind a sturdy table or desk and use one arm to protect your head and neck.

You should complete this before proceeding to the next stage, if at all possible. You should use the other arm to protect your head and neck. If you are unable to find another place to hide, you should arrange yourself so that you are next to an interior wall that is not directly across from any windows.

It is advised to keep your body in a kneeling position and to bend over as much as you can to safeguard your important organs.

For as long as the earthquake persists, you must stay in the safe area that you are now in. You ought to have made plans to move with your shelter in case something happened to it.

SOURCE: KTLA

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Taylor Swift Supports Kamala Harris as a “Steadyhanded” Leader.

Published

17 hours ago

on

2024-09-11

By

Taylor Swift

(VOR News) – Taylor Swift has put her support behind Kamala Harris in her bid to become the next President of the United States of America with her endorsement.

As a result of this decision, months of speculation regarding the musical performer who is considered to be the most famous in the world has been put to rest. Swift referred to Harris as “a gifted, steady-handed leader.” Harris was described in this way.

On Tuesday evening, just after the vice president and her Republican opponent, Donald Trump, concluded their presidential debate, Taylor Swift posted a message on Instagram. “I think we can accomplish so much more in this country if we are led by calm and not chaos.”

Taylor Swift stated in her writing.

Responding to Trump’s recent dissemination of a social media message that falsely claimed to be her endorsement, Swift disclosed that she had told individuals of her intention to vote.

This was done in response to Trump’s recent actions. My concerns regarding the dangers that are commonly connected with artificial intelligence and the dissemination of false information were heightened as a result of this. I came to the conclusion that I need to prioritise openness as a result of this,” she stated.

Swift made use of the signature phrase “Taylor Swift, Childless Cat Lady” in response to JD Vance’s assertion that “childless cat ladies” were in charge of the presidency of the United States of America.

The singer, who is thirty-four years old, does not have any children and his only pets are three. In 2018, she gave her official support to the Democratic candidate for the Senate in Tennessee, and she put her support behind Joe Biden and Kamala Harris for the 2020 election.

On Tuesday, the information regarding the several ways in which her followers can register to vote was posted on her Instagram account. The number of people that follow her on that platform is 283 million.

The song “Freedom” by Harris has become an unofficial campaign hymn as a result of the support of other well-known celebrities, such as Beyoncé, who granted her permission to use the song for rallies and advertising purposes.

Rolling Stone reports that Beyoncé wrote a letter to the campaign of Donald Trump, requesting that they stop using the term “Freedom,” after the campaign of Trump published a video that featured the term.

Taylor Swift has been the subject of numerous right-wing conspiracy theories, one of which asserts that she was involved in a scheme to ensure that Biden remains in the White House. These viewpoints have been directed towards Taylor Swift due to the fact that she is one of the most famous performers in the history of the world and a cultural icon in the United States.

Following the revelation of an Islamist terrorist plot to attack Swift’s followers during the show, authorities in Austria were compelled to cancel three of Swift’s concerts that were scheduled to take place as recently as the previous month.

Planned was for Taylor Swift Austria to host the rock shows.

During the early stages of her career, Taylor Swift, who began her career in Nashville, adhered to the customs of the country music industry and refrained from making public statements regarding political problems.

After some time had passed, she did, however, express regret for her silence regarding Trump in 2016. During the upcoming documentary that will be shown on Netflix, she is heard telling her father, “I need to be on the right side of history,” in the year 2020.

During an appearance on MSNBC, Swift’s running mate Tim Walz expressed his gratitude for Swift’s endorsement. He referred to Swift’s speech as “eloquent” and urged her supporters to support Harris. In addition, Walz sent his appreciation to Swift for her support of the Harris campaign.

In a speech that he delivered early Wednesday morning, Trump stated that he was “not a fan of Taylor Swift.”

“She is a very liberal individual who consistently endorses a Democrat, and it is likely that she will face repercussions in the marketplace,” he added. In his statement, he was referring to the fact that she consistently supports Democratic candidates.

SOURCE: FT

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Shares of Trump Media Plunged After the GOP Nominee Debated Harris.

Missouri’s Supreme Court Rejects a Republican Effort to Remove an Abortion Vote.

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