Business
Australian senator compares Trudeau’s treatment of Freedom Convoy protesters to Communist China
From LifeSiteNews
‘This push towards a digital ID future is another step toward a Chinese Communist Party-style social credit system, which will force you to support the current thing at the risk of total cancellation,’ Senator Alex Antic said
An Australian senator compared Prime Minister Justin Trudeau’s handling of the Freedom Convoy with Communist China.
During a November 13 meeting in the Australian Senate, Senator Alex Antic used the freezing of Canadians’ bank accounts during the 2022 Freedom Convoy as an example of the dangers of digital currency, comparing Trudeau’s actions with China’s social credit system.
“I’ve been warning about digital ID for some time, and it wasn’t so long ago that, like many of these issues which turn out to be correct, it was considered to be nothing but a conspiracy theory,” he said.
“We saw how that worked a couple of years ago with the financial cancellation of the Canadian truckers when they were protesting COVID lockdowns and restrictions,” Antic appealed. “The advancement of technology is inevitable, but this push towards a digital ID future is another step towards a Chinese Communist Party-style social credit system, which will force you to support the current thing at the risk of total cancellation.”
The Trudeau government’s similarities to China’s Communist government have become increasingly evident to both Canadians and other countries. Indeed, Trudeau himself admitted that he has a “level of admiration” for China’s “basic dictatorship.”
His imitation of China’s credit score system was revealed during the 2022 Freedom Convoy protest in Ottawa with thousands of Canadians calling for an end to COVID mandates by camping outside Parliament.
In response, Trudeau’s government enacted the EA on February 14, 2022, to shut down the popular movement. Trudeau revoked the EA on February 23 after the protesters had been cleared out. At the time, seven of Canada’s 10 provinces opposed the use of the EA by Trudeau.
Under the EA, Deputy Prime Minister Chrystia Freeland froze the bank accounts of Canadians who donated to the 2022 Freedom Convoy, which protested vaccine mandates and COVID regulations.
As articulated by LifeSiteNews correspondent David James, this type of financial crackdown is precisely why many fear the move toward an entirely digital, cashless society.
“What Freeland has outlined is an unprecedented incursion into financial activity that is designed to lock the people whom the government deems to be undesirable out of the system entirely,” James wrote in an op-ed.
“It confirms what many have been warning about for some time: that one of the core elements of the so-called Great Reset is to enslave populations by surveilling and controlling their transactions,” he continued. “China has already implemented its version of digital tyranny with its Social Credit System, which it will combine with its Central Bank Digital Currency [CBDC]. Now Trudeau and Freeland have drawn back the curtain in Canada to reveal their version of digital despotism.”
Antic’s use of Canada as an example comes as governments around the world are pushing digital currency despite warnings that it will lead to a social credit system.
“Last week, the European Parliament and the Council of the European Union reached a final agreement on a law to create the European Digital Identity, or eID, the EU’s first fully digital identification system,” Antic announced.
“This law will provide Europeans with a digital wallet containing digital versions of their ID cards — their drivers licences, their academic certificates, their medical records, their bank account information and so on,” he explained. “The next major step in the EU will be to create a digital euro and a central bank digital currency, which is currently being developed by the European Central Bank.”
“I’ve been warning about digital ID for some time, and it wasn’t so long ago that, like many of these issues which turn out to be correct, it was considered to be nothing but a conspiracy theory,” he added.
Currently, Australia is moving toward introducing digital currency with consultation on the bill having recently closed.
“You can see how it’s going to happen: We’ll get a digital currency and, once those steps are in place, a digital snare trap will have been created,” Antic warned. “We must reject a digital ID future, and time is running out for people in this place to understand that they are playing with fire.”
Business
Bank of Canada governor warns citizens to anticipate lower standard of living
From LifeSiteNews
“Unless something changes, our incomes will be lower than they otherwise would be.”
Bank of Canada Governor Tiff Macklem gave a grim assessment of the state of the economy, essentially telling Canadians that they should accept a “lower” standard of living.
In an update on Wednesday in which he also lowered Canada’s interest rate to 2.25 percent, Macklem gave the bleak news, which no doubt will hit Canadian families hard.
“What’s most concerning is, unless we change some other things, our standard of living as a country, as Canadians, is going to be lower than it otherwise would have been,” Macklem told reporters.
“Unless something changes, our incomes will be lower than they otherwise would be.”
Macklem said what Canada is going through “is not just a cyclical downturn.”
Asked what he meant by a “cyclical downturn,” Macklem blamed what he said were protectionist measures the United States has put in place such as tariffs, which have made everything more expensive.
“Part of it is structural,” he said, adding, “The U.S. has swerved towards protectionism.”
“It is harder to do business with the United States. That has destroyed some of the capacity in this country. It’s also adding costs.”
Macklem stopped short of saying out loud that a recession is all but inevitable but did say growth is “pretty close to zero” at the moment.
While some U.S. protectionist measures put in place by President Donald Trump have impacted Canada, the reality is that since the Liberals took power in 2015, first under former Prime Minister Justin Trudeau and now under Mark Carney, government spending has been out of control, according to experts. Rising inflation is rampant.
Canadian taxpayers are already dealing with high inflation and high taxes, in part due to the Liberal government overspending and excessive money printing, and even admitting that giving money to Ukraine comes at the “taxpayers’” expense.
As reported by LifeSiteNews, Carney boldly proclaimed earlier this week that his Liberal government’s upcoming 2025 budget will include millions more in taxpayer money for “SLGBTQI+ communities” and “gender” equality and “pride” safety.
As reported by LifeSiteNews, the Canadian Taxpayers Federation (CTF) recently blasted the Carney government for spending $13 million on promotional merchandise such as “climate change card games,” “laser pens and flying saucers,” and “Bamboo toothbrushes” since 2022.
Canadians pay some of the highest income and other taxes in the world. As reported by LifeSiteNews, Canadian families spend, on average, 42 percent of their income on taxes, more than food and shelter costs. Inflation in Canada is at a high not seen in decades.
Business
Canada’s economic performance cratered after Ottawa pivoted to the ‘green’ economy
From the Fraser Institute
By Jason Clemens and Jake Fuss
There are ostensibly two approaches to economic growth from a government policy perspective. The first is to create the best environment possible for entrepreneurs, business owners and investors by ensuring effective government that only does what’s needed, maintains competitive taxes and reasonable regulations. It doesn’t try to pick winners and losers but rather introduces policies to create a positive environment for all businesses to succeed.
The alternative is for the government to take an active role in picking winners and losers through taxes, spending and regulations. The idea here is that a government can promote certain companies and industries (as part of a larger “industrial policy”) better than allowing the market—that is, individual entrepreneurs, businesses and investors—to make those decisions.
It’s never purely one or the other but governments tend to generally favour one approach. The Trudeau era represented a marked break from the consensus that existed for more than two decades prior. Trudeau’s Ottawa introduced a series of tax measures, spending initiatives and regulations to actively constrain the traditional energy sector while promoting what the government termed the “green” economy.
The scope and cost of the policies introduced to actively pick winners and losers is hard to imagine given its breadth. Direct spending on the “green” economy by the federal government increased from $600 million the year before Trudeau took office (2014/15) to $23.0 billion last year (2024/25).
Ottawa introduced regulations to make it harder to build traditional energy projects (Bill C-69), banned tankers carrying Canadian oil from the northwest coast of British Columbia (Bill C-48), proposed an emissions cap on the oil and gas sector, cancelled pipeline developments, mandated almost all new vehicles sold in Canada to be zero-emission by 2035, imposed new homebuilding regulations for energy efficiency, changed fuel standards, and the list goes on and on.
Despite the mountain of federal spending and regulations, which were augmented by additional spending and regulations by various provincial governments, the Canadian economy has not been transformed over the last decade, but we have suffered marked economic costs.
Consider the share of the total economy in 2014 linked with the “green” sector, a term used by Statistics Canada in its measurement of economic output, was 3.1 per cent. In 2023, the green economy represented 3.6 per cent of the Canadian economy, not even a full one-percentage point increase despite the spending and regulating.
And Ottawa’s initiatives did not deliver the green jobs promised. From 2014 to 2023, only 68,000 jobs were created in the entire green sector, and the sector now represents less than 2 per cent of total employment.
Canada’s economic performance cratered in line with this new approach to economic growth. Simply put, rather than delivering the promised prosperity, it delivered economic stagnation. Consider that Canadian living standards, as measured by per-person GDP, were lower as of the second quarter of 2025 compared to six years ago. In other words, we’re poorer today than we were six years ago. In contrast, U.S. per-person GDP grew by 11.0 per cent during the same period.
Median wages (midpoint where half of individuals earn more, and half earn less) in every Canadian province are now lower than comparable median wages in every U.S. state. Read that again—our richest provinces now have lower median wages than the poorest U.S. states.
A significant part of the explanation for Canada’s poor performance is the collapse of private business investment. Simply put, businesses didn’t invest much in Canada, particularly when compared to the United States, and this was all pre-Trump tariffs. Canada’s fundamentals and the general business environment were simply not conducive to private-sector investment.
These results stand in stark contrast to the prosperity enjoyed by Canadians during the Chrétien to Harper years when the focus wasn’t on Ottawa picking winners and losers but rather trying to establish the most competitive environment possible to attract and retain entrepreneurs, businesses, investors and high-skilled professionals. The policies that dominated this period are the antithesis of those in place now: balanced budgets, smaller but more effective government spending, lower and competitive taxes, and smart regulations.
As the Carney government prepares to present its first budget to the Canadian people, many questions remain about whether there will be a genuine break from the policies of the Trudeau government or whether it will simply be the same old same old but dressed up in new language and fancy terms. History clearly tells us that when governments try to pick winners and losers, the strategy doesn’t lead to prosperity but rather stagnation. Let’s all hope our new prime minister knows his history and has learned its lessons.
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