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Economy

Trudeau accused of lacking leadership after refusing to meet with premiers about carbon tax

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5 minute read

From LifeSiteNews

By Anthony Murdoch

Ontario Premier Doug Ford called the prime minister’s answer ‘snarky.’

Prime Minister Justin Trudeau’s refusal to meet with five Canadian premiers, who have demanded a meeting with him to discuss the ever-escalating carbon tax that shot up 23 percent on April 1, shows he lacks any true “leadership,” quipped Saskatchewan Premier Scott Moe.

Last Thursday during an interview with the CBC’s Matt Galloway for an episode that aired-on April 4, Trudeau said he already “had” a meeting with the premiers in 2016 and will “continue to talk with premiers” about the carbon tax but will not meet with them soon.

Moe said Trudeau’s refusal to meet with the premiers is “not leadership.”

“Premiers have respectfully asked the Prime Minister for a meeting to discuss the carbon tax. Here is the snarky answer that we got,” Moe wrote Monday on X, with a link to a CBC report regarding Trudeau dismissing a full-out meeting with the premiers.

“That’s not leadership,” he added.

Shortly after the Trudeau government raised the carbon tax by 23 percent on April 1, the premiers of AlbertaSaskatchewanOntario,  and New Brunswick all wrote letters to Trudeau asking him to convene an emergency first ministers meeting, to discuss the carbon tax’s detrimental effect on Canadians finances.

The first premier to write to Trudeau was Newfoundland and Labrador’s Andrew Furey, who wrote to him before April 1 demanding a meeting.

Last Thursday, Alberta Premier Danielle Smith in her letter to Trudeau wrote, “Albertans and Canadians are facing a cost-of-living crisis not seen in decades.”

“In March, natural gas was selling at less than $1.80 a gigajoule. Now that the carbon tax has increased to $4.09 per gigajoule, the tax alone is more than double what it costs Albertans to heat their homes. This is not just reckless, it is immoral and inhumane,” she wrote.

Last Friday at a press conference, Ford said, “Taxing people doesn’t reduce emissions, and that’s what they’re doing. They’re hurting the economy. They’re hurting people. Unacceptable.”

Protests against Trudeau have been increasing in recent months due to the unpopularity of higher carbon taxes as well as other governmental policies.

LifeSiteNews reported last week that protesters let Trudeau know their true feelings about his tanking in the polls by heckling him with loud drum beats and screams during a press conference.

On April 1, Canada’s carbon tax, which was introduced by the government of Prime Minister Justin Trudeau in 2019, increased from $65 to $85 per tonne despite seven of 10 provincial premiers objecting to the increase and 70% of Canadians saying they are against it.

Trudeau has remained adamant that he will not pause the hikes.

As it stands, Canadians living in provinces under the federal carbon pricing scheme pay $65 per tonne, but the Trudeau government wants to increase this to $170 per tonne by 2030.

Recent polls show that the scandal-plagued government has sent the Liberals into a nosedive with no end in sight. Per a recent LifeSiteNews report, according to polls, in a Canadian federal election held today, Conservatives under leader Pierre Poilievre would win a majority in the House of Commons over Trudeau’s Liberals.

Trudeau’s government is trying to force net-zero regulations on all Canadian provinces, notably on electricity generation, as early as 2035. The provinces of Alberta and Saskatchewan are adamantly opposed to Trudeau’s 2035 goals.

The Trudeau government’s current environmental goals, which are in lockstep with the United Nations’ 2030 Agenda for Sustainable Development, include phasing out coal-fired power plants, reducing fertilizer usage, and curbing natural gas use over the coming decades.

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda in which Trudeau and some of his cabinet are involved.

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Automotive

Canadian interest in electric vehicles falls for second year in a row: survey

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From LifeSiteNews

By Clare Marie Merkowsky

Canadians’ disinterest in electric vehicles comes as the Trudeau government recently mandated that all new light-duty vehicles in Canada are zero emission by 2035.

Research has revealed that Canadians are increasingly unwilling to purchase an electric vehicle (EV).

According to an April 22 survey from AutoTrader, Canadians remain skeptical of Prime Minister Justin Trudeau’s electric vehicle mandate and ongoing advertisement surrounding electric vehicles, as interest in owning one dropped for a second year in a row.

“Overall, while almost half of non-EV owners are open to buying an EV for their next vehicle, interest in EVs has declined for the second year in a row,” reported Tiffany Ding, director of insights and intelligence at AutoTrader.

In 2022, at least 68 percent of Canadians were interested in buying an electric vehicle. However, by 2023, the number declined to 56 percent. So far in 2024, there is even less interest, with only 46 percent saying they were open to purchasing one.

“AutoTrader data shows a direct correlation to gas prices and EV interest, and since gas prices have normalized from their peak in 2022, EV interest has also dropped,” a summary of the survey explained.

However, Canadians did show a slight increase of interest in hybrid vehicles, with 62 percent of those looking to purchase an electric vehicle saying they would look at a gas-electric hybrid, compared with 60 percent in 2023.

 The survey also questioned Canadians regarding Trudeau’s Zero Emission Vehicle (ZEV) mandate, which requires all new light-duty vehicles in Canada are zero-emission by 2035, essentially banning the sale of new gasoline/diesel-only powered cars.

The mandate comes despite warnings that it would cause massive chaos by threatening to collapse the nation’s power grids.

“Over 75 percent of respondents are aware of the federal government’s ZEV mandate, which requires all new light-duty vehicles sold in Canada to be zero-emission by 2035,” the survey found.

Canadians’ concerns in buying an electric vehicle include limited travel range/distance, inadequate availability of charging stations, higher purchasing costs, and concerns that they do not perform well in cold weather.

Indeed, this winter, western Canadians experienced firsthand the unreliability of Trudeau’s “renewable” energy scheme as Alberta’s power grid nearly collapsed due to a failure of wind and solar power.

Trudeau’s plan has been roundly condemned by Canadians, including Alberta Premier Danielle Smith. In 2022, Smith denounced a federal mandate that will require all new cars sold after 2035 to be “zero emission” electric (EVs) vehicles and promised that Albertans will always have the choice to buy gasoline-powered cars.

Since taking office in 2015, Trudeau has continued to push a radical environmental agenda similar to the agendas being pushed the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.”

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved.

The Trudeau government’s electric vehicle plan comes despite the fact Canada has the third largest oil reserves in the world. Electric cars cost thousands more to make and buy, are largely considered unsuitable for Canada’s climate as they offer poor range and long charging times during cold winters and have batteries that take tremendous resources to make and are difficult to recycle.

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Business

Ottawa’s capital gains tax hike—final nail in ‘business investment’ coffin

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From the Fraser Institute

By Tegan Hill and Jake Fuss

From 2014 to 2022, inflation-adjusted total business investment (in plants, machinery, equipment and new technologies but excluding residential construction) in Canada declined by C$34 billion. During the same period, after adjusting for inflation, business investment declined by a total of $3,748 per worker

According to the recent federal budget, the Trudeau government plans to increase the inclusion rate from 50 per cent to 66.7 per cent on capital gains over $250,000 for individuals and on all capital gains realized by corporations and trusts. Unfortunately, this tax hike will be the final nail in the coffin for business investment in Canada, which likely means even harder economic times ahead.

Canada already faces a business investment crisis. From 2014 to 2022, inflation-adjusted total business investment (in plants, machinery, equipment and new technologies but excluding residential construction) in Canada declined by C$34 billion. During the same period, after adjusting for inflation, business investment declined by a total of $3,748 per worker—from $20,264 per worker in 2014 to $16,515 per worker in 2022.

While business investment has declined in Canada since 2014, in other countries, including the United States, it’s continued to grow. This isn’t a post-COVID problem—this is a Canada problem.

And Canadians should be worried. Businesses investment is key for strong economic growth and higher living standards because when businesses invest in physical and intellectual capital they equip workers with the tools and technology (e.g. machinery, computer programs, artificial intelligence) to produce more and provide higher quality goods and services, which fuels innovation and higher productivity. And as firms become more efficient and increase profits, they’re able to pay higher wages, which is why business investment remains a key factor for higher incomes and living standards.

The Trudeau government’s policies—increased regulation, particularly in the energy and mining sectors (which makes Canada a relatively unattractive place to do business), higher and uncompetitive taxes, and massive federal deficits (which imply future tax increases)—have damaged business investment.

Unsurprisingly, weak business investment has correlated with a weak economy. In the fourth quarter of 2023, real economic growth per person ($58,111) officially fell below 2014 levels ($58,162). In other words, Canadian living standards have completely stagnated. In fact, over the last decade economic growth per person has been the weakest on record since the 1930s.

Instead of helping fix the problem, the Trudeau government’s capital gains tax hike will further damage Canada’s economy by reducing the return on investment and encouraging an exodus of capital from the country. Indeed, capital gains taxes are among the most economically-damaging forms of taxation because they reduce the incentive to invest.

Once again, the Trudeau government has enacted a policy that will deter business investment, which Canada desperately needs for strong economic growth. The key takeaway for Canadians? Barring a change in policy, you can expect harder times ahead.

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