At 3.8 per cent, Canada’s inflation rate for 2021 is expected to rank 6th highest among 35 IMF advanced economies.
According to independent experts, the actual cost of the president’s policies is closer to $4.9 trillion.
Despite the dismal state of federal finances, the speech did not include the terms “deficit” or “debt."
In a system of crony capitalism, firms and individuals compete for government favours rather than consumer dollars.
The average annual growth rate in investment in residential structures was only 1.4 per cent.
China represented 28 per cent of global greenhouse gas emissions compared to less than 2 per cent for Canada.
At 48.8 per cent, Ontario’s net debt-to-GDP ratio this year will be the highest in provincial history.
Canada plans to impose a punitive tax on carbon to discourage emissions, at $170 per tonne by 2030.
Quebec may soon ban all oil and natural gas development in the province.
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