recession

Saturday June 10, 2023

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday June 10, 2023

Pierre Poilievre’s Theatrical Filibuster Fails to Deliver Solutions

Conservative Leader Pierre Poilievre’s recent four-hour-long filibuster in the House of Commons may have garnered attention, but it was ultimately an empty display of theatrics. Poilievre’s bombastic speech touched on various topics, including historical references and monetary policy, but it lacked substance and failed to provide any tangible solutions. It became clear that his primary goal was to draw attention to himself rather than address the pressing issues facing Canadians.

March 1, 2003

Poilievre’s filibuster came at a time when wildfires were ravaging vast regions of Canada and blanketing much of the U.S. northeast in thick smoke and acrid orange skies. These devastating fires are not isolated incidents but rather a direct consequence of climate change. Scientific research has established a clear link between rising global temperatures, prolonged droughts, and the increase in the frequency and intensity of wildfires. It is disheartening that Poilievre chose to focus solely on budget-related matters and ignored the pressing issue of climate change that was affecting the lives of countless Canadians.

Opinion: I listened to all four hours of Pierre Poilievre’s fake filibuster. Here are 7 things I learned  

June 10, 2021

The urgency to address climate change and its catastrophic consequences cannot be overstated. Governments, policymakers, and individuals must acknowledge the reality of this crisis and take immediate action to mitigate its effects. This includes reducing greenhouse gas emissions, transitioning to renewable energy sources, protecting vulnerable ecosystems, and implementing sustainable practices. Denial and skepticism have no place in the face of overwhelming scientific evidence.

Poilievre’s attempt to exploit the wildfires for political gain during his debate with Prime Minister Justin Trudeau was nothing short of opportunistic. Instead of engaging in meaningful discourse about the Bank of Canada’s interest rate hike and the budget, he resorted to personal attacks and distractions. It is evident that Poilievre’s priority lies in winning the next election rather than addressing the concerns of Canadians in a substantive and constructive manner.

May 13, 2015

While Poilievre claims to champion the issue of the cost of living, it is worth noting that climate change is of greater concern to a wider audience. The impact of climate change on the environment, public health, and the economy cannot be ignored. Poilievre’s dismissal of the carbon tax and clean fuel regulations as “Trudeau taxes” undermines the importance of market-based methods for reducing consumer emissions. His proposed solution of axing these measures without providing viable alternatives is short-sighted and misguided.

Opinion: Mr. Poilievre’s Hollywood filibuster  

March 3, 2022

Moreover, Poilievre’s reliance on selective facts and dubious claims further undermines his credibility. His speech was filled with unsubstantiated statements that crumble under scrutiny. Canadians deserve leaders who are honest, transparent, and accountable, rather than individuals who manipulate facts for political gain.

Pierre Poilievre’s filibuster was a spectacle designed to capture attention rather than offer meaningful solutions. While he may have garnered temporary media coverage, his theatrics did not hold up to scrutiny or contribute to productive debate. It is imperative that Canadian politicians prioritize addressing the urgent challenges posed by climate change and work towards viable solutions rather than indulging in empty rhetoric and political posturing. (AI) | Editorial cartoon also printed in the Toronto Star.

Editorial, The Hamilton Spectator – Saturday June 10, 2023

Where There’s Smoke…

Record wildfires and the resulting smoke pollution were on every Canadian tongue this week. But not in our seats of government.

Oh, it came up at Queen’s Park. The Opposition NDP raised the crisis and asked the government to officially link the growing wildfire threat to climate change. Ford declined, accusing the NDP of politicizing the crisis and arguing that the fires were started by humans, not climate change.

And in Ottawa, Pierre Poilievre was filibustering the federal budget, which he had no chance of stopping or even slowing down. Wildfires and smoke weren’t even on his radar.

Climate change isn’t starting wildfires. It is making the season longer, making them bigger and more frequent. You would think even hard-core partisans like Ford and Poilievre could get their heads around that, but you’d be wrong.
 

Wednesday June 7, 2023

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday June 7, 2023

Building Houses, Rising Interest Rates, and Homelessness: The Real Concerns for Canadians

June 2, 2023

While the House of Commons Foreign Interference in Canada’s Electoral System Committee investigation continues to make headlines, it’s important to question whether this issue truly occupies the top of mind for Canadians. The allegations surrounding foreign interference, although significant, pale in comparison to the pressing concerns that directly impact the lives of ordinary Canadians: building houses on green spaces, the Bank of Canada raising interest rates affecting those renting or paying mortgages, and the growing crisis of homelessness in our nation.

August 12, 2022

Recent polls have shed light on the priorities of Canadians, and the results are clear. A CIBC poll revealed that homeownership remains a driving goal for 71% of non-homeowners surveyed, despite concerns about affordability due to high interest rates and rising house prices. It’s evident that Canadians are worried about the ability to attain the dream of owning a home, and many parents plan to assist their children with down payments to bridge the affordability gap. The Bank of Montreal’s survey further confirmed these concerns, with 68% of Canadians planning to wait for lower interest rates before purchasing a home. The anxiety surrounding housing affordability, coupled with fears of unknown expenses and overall financial situations, are prominent worries for Canadians.

Opinion: Is the media fuelling Canada’s foreign interference scandal? 

January 27, 2022

As speculation mounts about the Bank of Canada raising interest rates once again, those with mortgages are rightfully concerned about the potential impact on their financial stability. The central bank’s pause on rate hikes earlier this year was contingent on the economy developing as anticipated and inflation continuing to fall. However, recent data suggests that these conditions may no longer be met. With a robust 3.1% annual pace of economic expansion in the first quarter and an inflation rate that ticked up to 4.4%, the Bank of Canada may feel compelled to step off the sidelines and take action. This looming possibility adds further apprehension for Canadians who are already grappling with the challenges of housing affordability.

While some Canadians worry about homeownership, others face a much more dire situation: homelessness. Tent cities, once limited to troubled corners of Vancouver or Toronto, have now proliferated across the country. Calgary was forced to dismantle a downtown encampment due to escalating violence, while permanent tent cities have sprung up in parks throughout Halifax. Tragic incidents, such as the murder of an RCMP officer during a routine call to a Burnaby homeless encampment, highlight the urgency of addressing this crisis. A recent poll conducted by Leger for Postmedia revealed that a majority of Canadians (58%) believe homelessness is a problem in their community, with 38% reporting increased acts of violence. In British Columbia, where the issue is particularly acute, an astonishing 87% of respondents identified homelessness as a problem.

October 25, 2022

These poll results paint a bleak picture of public sentiment towards government action on homelessness. Only 7% of respondents think the government is making things better, while 16% believe they are making things worse. The overwhelming perception is that governments are doing nothing at all to address this pressing issue.

In light of these concerns, it is crucial to reevaluate our priorities. While foreign interference in Canada’s electoral system merits attention, we must ensure that it doesn’t overshadow the urgent issues affecting Canadians’ daily lives. Building houses on green spaces threatens our environment and food security, while rising interest rates pose significant challenges to homeownership and financial stability. Most critically, homelessness is a crisis that demands immediate action to provide shelter, support, and dignity for the most vulnerable members of our society.

May 30, 2023

It is time for governments at all levels to listen to the concerns of Canadians and address the issues that truly matter. We need comprehensive strategies to protect our green spaces, make housing more affordable, and provide adequate resources to combat homelessness. Canadians deserve a government that prioritizes their well-being and works diligently to create a society where everyone has a place to call home. (AI) | Editorial Cartoon also printed in the Toronto Star.

 

Tuesday January 24, 2023

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday January 24, 2023

Liberal Cabinet Retreat

Prime Minister Justin Trudeau made his first stop in Hamilton Monday a chance to grab lunch to go with MP Filomena Tassi at The Burnt Tongue on Locke Street.

October 28, 2022

The prime minister and his cabinet are staying in town this week from Jan. 23 to 25 for their post-holiday retreat.

After ordering a cheeseburger and broccoli cheddar soup, Trudeau took a moment to shake hands with the lunch crowd and pose for some photos.

Leaving the restaurant, he posed for a photo with Ashley Acacio and her three-week-old son Mac in his stroller, even correcting the position of a staffer taking a photo for the pair.

On the way to his vehicle, Trudeau hopped on an HSR bus that stopped to greet riders.

Meanwhile, about 200 demonstrators gathered downtown Monday to protest the retreat, calling for migrant rights. They were joined by anti-war demonstrators and about 25 anti-Trudeau and anti-vaccine mandate protesters.

The protesters marched along Main Street, across Summers Lane and blocked King Street in front of the Sheraton Hamilton Hotel for around 20 minutes.

Trudeau’s itinerary said he is expected to attend the retreat, which will focus on affordability and the economy, at 5:30 p.m. Monday. (Toronto Star) 

December 9, 2022

Meanwhile, it’s at the grocery store. It’s at the gas pumps. It’s at your favourite restaurant.

Nearly everywhere Canadians have gone in the past year, every bill might as well have had an extra charge tacked on to the bottom reading simply: inflation.

A shorthand for what’s essentially the rising cost of living, inflation swept across the globe in 2022 and Canada was not immune from its sting.

Canadians eager to travel in June after years of COVID-19 restrictions were met by a 49.7 per cent year-over-year hike in the cost of accommodations. The rest of that summer saw the average price for regular gasoline soar past $2 per litre in many parts of the country. And in October, Canadians were paying 44.8 per cent more for pasta from the grocery store than the same month a year earlier.

April 25, 2014

Poll after poll showed how stretched Canadian dollars had become amid 40-year highs in inflation, with many forced to make impossible decisions about how to feed their families, pay for medications and keep a roof over their heads.

More than a third (36 per cent) of Canadians say their financial situations are very bad or somewhat bad heading into 2023, according to Ipsos Public Affairs polling conducted exclusively for Global News between Dec. 14 and 16. (Global News) 

In the swearing-in of cabinet following the 2021 federal election, the dropping of the awkwardly named Minister of Middle-Class Prosperity, held by Mona Fortier, signalled the short termed portfolio (2019-2021) was an ill conceived addition to the executive team under Prime Minister Trudeau.

Thursday December 15, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday December 15, 2022

Household debt levels could cripple economy, economist warns

November 3, 2022

Canadian household debt levels have increased enough to spark a recession when combined with interest rate hikes, says one economist, after Statistics Canada released its latest report Monday.

Jim Stanford, the director of the Centre for Future Work, said the debt levels are high enough that, as interest rates rise, disposable income ordinarily spent on consumer goods is being used to pay debt.

“Chances are you’re going to see an increased interest bite from household budgets equal to about two or three per cent of GDP,” he said. “That alone is enough to put the economy into a recession, let alone the other impacts on business investment, for example.”

The standard definition of a recession is when the country’s gross domestic product (GDP) contracts for at least two quarters.

Household consumption accounts for more than 50 per cent of Canada’s GDP, Stanford said, making it the biggest single contributor to economic growth.

Stanford said $16 billion in additional interest payments made over three months is worth more than half of a percentage point of Canada’s GDP.

Statistics Canada’s new figures show for every dollar of disposable income in the third quarter of 2022 there was $1.83 in credit market debt. The figure is a slight increase from the previous quarter and up from $1.77 last year.

Thursday September 8, 2022

The figures come as the Bank of Canada has continued to raise its key policy rate. Last week it hiked the key policy rate another 50 basis points to 4.25 per cent in an effort to fight inflation.

Mortgage payments also hit Canadians hard with interest payments expanding by more than 16 per cent, which is the largest increase on record, according to the StatsCan report.

“It’s certainly hard evidence that the rising interest rates are wreaking havoc with household finances,” Stanford said. “We’ve never seen an interest shock like that to Canadian households before.”

He said he expects the situation to worsen in the coming months.

On Monday, Bank of Canada governor Tiff Macklem defended the interest rate hikes in Vancouver in front of the Business Council of British Columbia. He said they are working and the country needs to stay the course.

“If we under-tighten, inflation is going to stay too high. Canadians are going to have to continue to endure the hardship of higher inflation,” Macklem said.

He said the bank was surprised at how international events, like the Russian invasion of Ukraine and supply chain issues powered inflation.

He said such trends will make it more difficult to bring inflation down than it has been in the past. (The Toronto Star) From sketch to finish, see the current way Graeme completes an editorial cartoon using an iPencil, the Procreate app, and a couple of cheats on an iPad Pro … These sped up clips are posted to encourage others to be creative, to take advantage of the technology many of us already have and to use it to produce satire. Comfort the afflicted. Afflict the comforted.

 

Friday December 9, 2022

December 9, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday December 9, 2022

Inflation is changing how Canadians do Christmas

A new poll by the Angus Reid Institute says more than half of Canadians – 56 per cent – say they will be spending less on Christmas, including presents and entertaining.

September 29, 2022

“When you look at the Atlantic Canadian data, among the highest numbers in the country in Nova Scotia, 57 per cent, say they’re worse off now,” said Dave Korzinski, the research director with Angus Reid Institute.

“In Newfoundland and Labrador, 54 per cent, in New Brunswick 53 per cent, all of those are higher than the national average of 50 per cent,” Korzinski said.

This is the first time the non-profit’s data has shown that more than 50 per cent of Canadians say they are financially worse off this year than this time last year.

“Seeing food banks across the country who are dealing with essentially budgets that are smaller and demand that is larger, which is a really tough recipe when you’re trying to keep your programs going,” Korzinski said.

“When it’s more expensive for your household, imagine buying it for 1,400 households,” said Alex Boyd,  the executive director Greener Village Food Bank in Fredericton.

May 10, 2022

“So, that’s what we do with milk and eggs, those are very seldom donated items,” Boyd said.

Charitable giving is also already down this holiday season, according to the poll.

“To see 37 per cent of Canadians say they’re cutting back on donations, including more than two-in-five who are older, who are 55+ who tend to be the most generous and the most consistent givers, has been really challenging for a lot of charities,” Korzinski said.

“It’s always a concern that we watch for, especially being an organization that relies heavily on November and December giving to make up for the leaner months earlier in the year,” Boyd said.

Eighty-seven per cent of Canadians say they have cut back on spending in some way recently – up from 80 per cent in August. (CTV)