Canada has a food affordability problem

It is time for tax reductions to help consumers weather food inflation

Canada has a food affordability problemDid you know that there is a global food security index? The well-known magazine The Economist has just published its 11th edition. The Global Food Security Index comprises a set of indices from more than 120 different countries. Since 2012, the index has been based on four main pillars: food access, safety, sustainable development, and…

Urbanites have to get out more

And learn first-hand where the necessities of life come from

Urbanites have to get out moreThe old saying goes, “No news is good news.” But in the 21st-century smartphone/internet era, it should read, “Good news is no news.” Driven by today’s ultra-competitive media, headlines have increasingly become what has been coined “click bait” – capture eyeballs with something awful happening to somebody somewhere. That’s why you’ll never see “7.9 Billion…

Woke ideology doesn’t belong in schools

All students deserve a learning environment that is free of political indoctrination

Woke ideology doesn’t belong in schoolsIf you’ve been around for a while, you probably remember the phrase “politically correct.” Being called politically correct was not a compliment. Instead, it meant that you had an unhealthy obsession with not offending anyone, even if you had to say some rather silly things in the process. For example, instead of saying husband or…

Canadians getting desperate about higher food prices

Almost 24 per cent now cutting back on food purchases, almost 70 per cent of whom are women

Canadians getting desperate about higher food pricesWhile inflation is showing signs of dissipating, food inflation appears to be on a totally different path. Food inflation has outpaced our general inflation rate for over 12 months now. Statistics Canada just announced that the food inflation rate for retail was 10.8 per cent and 7.4 per cent in food service. Canada ranks third…

How to deal with the high cost of housing and energy

Both sectors face inflationary pressures but are being dealt with very differently

How to deal with the high cost of housing and energyAs anyone who has ever spent time in the kitchen knows, when a pot is boiling over, you do not put a lid on it. You lower the heat. Adding a cover does nothing to reduce the cause of all the excess bubbles and steam. In fact, increasing the pressure within the vessel generates an…

Is Canada’s Employment Insurance system recession proof?

No. The need to broaden access and expand government contributions is urgent

Is Canada’s Employment Insurance system recession proof?The risk of recession is now in clear sight. But as the Bank of Canada pursues a course of aggressive interest rate hikes designed to wrestle inflation to the ground, the potential cost is hundreds of thousands of jobs. The August labour force survey is already revealing a worrying increase in the unemployment rate. At…

Trudeau’s luxury tax will harm blue-collar workers

Canadian workers will pay the price of this silly political posturing

Trudeau’s luxury tax will harm blue-collar workersHundreds of people who pull wrenches for a living have a unique point of view on Ottawa’s new luxury tax. Most of us might not be too bothered by a tax on super cars and private jets, and even the rich might not lose much sleep over paying a bit more for a yacht or…

The Trudeau government is making your life even harder

Increases to the Marginal Effective Tax Rate taking even more of your hard-earned money

The Trudeau government is making your life even harderNew Conservative leader Pierre Poilievre is correct when he says governments discourage work with taxes and clawbacks. The Marginal Effective Tax Rate (METR) measures what government takes from each new dollar earned in taxes and clawbacks of income-related government benefits. In his leadership acceptance speech and an August 19 video called “Make work pay,” Poilievre…

The bleeding continues for restaurants

Many won’t survive

The bleeding continues for restaurantsAfter a slew of confinements and closures, restaurants are still not out of the woods. Far from it. Over the past year in Canada, restaurant closures outpaced openings by a whopping 43 per cent. The industry is still shrinking. Inflation-adjusted food service sales will be around 11 per cent below 2019 levels by the time…

The push and pull of oil demand and supply

Producer and consumer nations targeting a price of around $90 a barrel

The push and pull of oil demand and supplyOil markets are being pushed and pulled – from both ends. As conflicting factors weigh on the markets, the future crude scenario remains hazy and muddy. The Organization of Petroleum Exporting Countries and their allies, including Russia in the extended OPEC+, appear determined not to let the crude market prices go considerably below their target…
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