Connect with us

Economy

3 billion a week! Bank of Canada buying bonds at same rate as federal government overspending

Published

1 minute read

At a committee hearing today, Opposition MP Pierre Poilievre showed how The Bank of Canada is helping the Federal Government drive up inflation. Poilievre pointed out the Federal Government is borrowing 3 billion dollars a week while the Central Bank is buying 3 billion dollars a week worth of government bonds.
Critics of this approach say the Bank of Canada is in effect helping the federal government to pay for overspending, punishing lower income Canadians.  Funding the government with printed money drives up the prices of  everything, boosting the cost of housing, food, and general necessities throughout the country.
In this exchange Poilievre asked Tiff Macklem, Governor of the Bank of Canada why the Bank of Canada is widening the gap between rich and poor.

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

Follow Author

Alberta

Urging political action, Cafe Owner Chris Scott instructs tens of thousands of followers to bring down Premier Kenney

Published on

Shortly after Premier Kenney announced the latest covid 19 restrictions, a frustrated Chris Scott took to social media to vent and to urge Albertans to get politically active.  Chris Scott, owner of The Whistle Stop Cafe in Mirror may be a small town cafe owner, but he commands a huge audience of over 45,000 followers on Facebook.   Many of them are politically active.  Many others soon will be.  That’s if they take on the challenge from Scott who urged all Albertans to get involved with Alberta’s Conservative party and influence the local Constituency Associations to start a movement to close this chapter of Premier Kenney’s political life, the way the Premier will undoubtedly be closing another round of businesses who won’t survive this next round of mandates.

To see what else Chris Scott is up to, click here to see the Whistle Stop Cafe Facebook Page.

Continue Reading

Alberta

Canada’s Forestry Sector is World-Class. Here’s Proof.

Published on

Most Canadians already understand that Canada’s forest industry is world-class. Compared to most other nations with the largest forest industries, we go above and beyond the standard call to reduce the environmental impacts associated with harvesting trees.

Home to about a third of the boreal forest found globally, Canada currently has several sustainable initiatives in place to make sure our forested lands regenerate accordingly. Through continued research and development, these initiatives are ever-evolving to further advance Canada’s global leadership in sustainable forest management practices.

Here are several facts showing just how Canada’s forest sector is world-class, which should be excellent examples for other nations looking to up their game on sustainable forestry practices in the pursuit of a healthier global environment.

12 Facts on Sustainable Forestry Practices in Canada

Canadian Forestry Myths vs Facts 2

#1 – Canada has one of the lowest deforestation rates in the world, with just 0.01% of total deforestation in 2018 – much lower than that seen in the Amazon.

#2 – Canada’s boreal wetland habitats are well protected. In Ontario and Quebec, for example, at least 50% of the wetland-rich northern boreal regions are protected by the provincial government.

#3 – Canada’s forestry sector is investing heavily into reforestation efforts, planting roughly 600 million new trees annually.

#4 – Canada’s forestry sector has reduced its greenhouse gas (GHG) emissions substantially; From 2007 to 2017, the industry dropped energy use by 24% and total fossil GHG emissions by 40%.

#5 – Canadian law requires any disturbed forests by industry must be 100% reclaimed.

#6 – Canada’s forestry sector has committed to help remove 30 megatonnes of CO2 per year by 2030, a substantial amount that will contribute to improving our country’s emissions profile considerably.

Canadian Forestry Myths vs Facts 1

#7 – More than 440 million seedlings were planted across Canada in 2018.

#8 – As of 2016, around 200 million of Canada’s 348 million hectares of forests had a long-term forest management plan.

#9 – Today, roughly half of Canada’s forests are certified to third-party standards of sustainable forest management.

#10 – Canada’s boreal forest is largely undisturbed, with 80% of it being relatively untouched and free of industrial disturbance.

#11 – Since 1990, less than 0.5% of Canada’s forested lands have been converted to a non-forest land use.

#12 – Canada will be the first nation in the world to launch a satellite that will specifically monitor wildfires – nothing else.

Sources: Natural Resources Canada, Forest Products Association of Canada

Canada is a Leader in Sustainable Forestry – We Should Be Proud!

The evidence is in, and it’s clear that Canada is a global leader in sustainable forestry practices. Learn more about why this matters by joining our conversations on Facebook, Twitter, and Instagram today – hope to see you there!

 

Continue Reading

Trending

X