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Wednesday November 20, 2019

November 27, 2019 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday November 20, 2019

Why affordability is (was) dominating Canada’s election campaign

(Article published 6 weeks before editorial cartoon was printed)

September 19, 2019

Canada’s political party leaders are making affordability the central talking point of their election campaigns, rolling out targeted measures to alleviate the financial strain besetting voters.

Though broad economic data show the nation’s economy is humming along, Canadians are still feeling tight on cash. The worsening global outlook and unprecedented policy uncertainty are adding to the apprehension.

Liberal Leader Justin Trudeau and Conservative Leader Andrew Scheer, along with the leaders of smaller parties are seeking to parlay that stress into votes as the clock winds down on the Oct. 21 election, by promising a slew of tax cuts and other measures to make life more affordable.

“Politicians are putting their finger on something, some form of financial anxiety about rising costs, or concerns about future rising costs, or future standard of living,” said Jennifer Robson, associate professor of political management at Carleton University in Ottawa.

Here’s why consumers are feeling pinched.

It’s old news that owning a home in Canada’s biggest cities has become an almost impossible goal for much of the middle class. Skyrocketing prices in recent years pushed potential buyers to the sidelines. New mortgage lending rules, so-called stress tests introduced by federal regulators in 2017, put ownership even further out of reach for many.

September 12, 2019

Toronto and Vancouver are easily Canada’s two main cities where residents are struggling to find an affordable place to live. The average selling price for a single-family home in Vancouver was $1.51 million in September, and $1.1 million in Toronto. Renting in those cities is no easy feat, either, as low vacancy rates have pushed up prices for accommodation.

Elevated real estate prices are the main driver of the country’s record household debt ratios, now the highest in the Group of Seven. Buyers took out larger and larger mortgages as the housing market heated up, even as incomes failed to keep pace. As a result, household savings rates are hovering near the lowest in decades, and the debt service ratio — which measures the share of disposable income paid toward principal and interest — climbed to a record in the second quarter.

While overall price inflation in Canada has been relatively benign, shoppers have experienced sticker shock on many basics. Prices for fruits and vegetables jumped as much as 60 per cent in the past decade, according to Statistics Canada. Child-care and tuition costs rose upwards of 35 per cent, and public transit prices ballooned by 50 per cent.

To top it all off, wages after accounting for inflation have remained relatively flat, even as costs for rent and basic goods increased. A puzzle for many economists and policy-makers is why unemployment is hovering near record lows, yet incomes are struggling to pick up. (Hamilton Spectator) 

 

Posted in: Canada Tagged: #elxn43, 2019-41, affordability, Andrew Scheer, Canada, Jagmeet Singh, Justin Trudeau, memorial, monument, pledge, priority, promise

Saturday February 25, 2018

February 23, 2018 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday February 25, 2018

President Trump at CPAC Insists Arming Teachers, Not Gun Control, Will Keep Schools Safe

President Donald Trump reiterated his support for arming teachers during his speech at the Conservative Political Action Conference Friday morning, saying that keeping guns out of schools makes them targets for mass shooters.

January 17, 2013

“When we declare our schools to be gun free zones, it just puts our students in far more danger,” said Trump. “People that are adept with weaponry and with guns — they teach. I don’t want to have 100 guards with rifles standing all over the school. You do a concealed carry permit.”

Other than one mention of “strengthening” background checks, Trump did not talk about the ideas for tighter gun control that he has floated in the last week – including raising the age of purchasing some weapons and banning bump stocks. The National Rifle Association, which was an early backer of Trump’s and channeled over $30 million towards supporting his campaign, opposes raising the age limit.

July 25, 2015

The speech seemed in line with many of the talking points of NRA Executive Vice President Wayne LaPierre, who went on the offensive on Thursday on the same CPAC stage, accusing gun control advocates of exploiting last week’s Florida school shooting tragedy.

Nikolas Cruz, 19, allegedly opened fire with an AR-15 rifle at Marjory Stoneman Douglas High School in Parkland, Florida, on Feb. 14, killing 17 people. In the days following, Trump pledged to take action to help prevent more school shootings in America, inviting those who have experienced school shootings to the White House. He reiterated his call to action on Friday, telling the audience, “We will act. We will do something.” (Source: TIME) 

 

Posted in: USA Tagged: allegiance, children, culture, Donald Trump, gun, guns, NRA, pledge, schools, teacher, USA, violence, weapons

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