Unemployment Surges as Trudeau’s Policies Wreak Havoc on the Economy

From The Opposition News Network

Let’s get real, folks. You look around, and it doesn’t take a PhD in economics to know something is seriously wrong. Unemployment’s ticking up to 6.6%, and wages? They’re not even keeping pace with inflation. Canadians are working harder than ever, yet the cost of everything—from the food you put on the table to the roof over your head—is spiraling out of control. And who’s at the wheel of this runaway train? Justin Trudeau, that’s who.

Trudeau’s government has unleashed a storm of reckless policies that are driving inflation through the roof. And what’s their solution? They’ve forced the Bank of Canada into a corner, leaving them with no choice but to keep rates above 4% interest rates at 4.25%. The result? Ordinary Canadians are feeling the squeeze like never before, struggling just to make ends meet. This isn’t some fluke; it’s a direct consequence of Trudeau’s economic mismanagement.

But here’s the kicker. While Canadians are tightening their belts, Trudeau’s government is flooding the country with immigrants, artificially inflating the GDP so they can keep funding their ridiculous green energy fantasies. That’s right. Instead of focusing on real, sustainable economic growth, Trudeau is pushing the numbers with mass immigration to cover up the economic disaster he’s created.

Think about that. You’re paying more for your groceries, your gas, your mortgage—all because Trudeau wants to make his government look good on paper. But it’s you who’s footing the bill.

Housing Crisis? That’s On Trudeau

Why can’t you afford a house anymore? Why are young families, people who grew up in this country, completely locked out of the housing market? The answer is simple—*it’s Justin Trudeau’s fault*.

Let’s be clear. The Bank of Canada has openly admitted that the housing crisis is a result of excess demand. But here’s what they’re not shouting from the rooftops: *that demand isn’t homegrown*. Trudeau’s open-door immigration policy has flooded the market, pushing housing prices through the roof. He’s not bringing in record numbers of immigrants because it’s good for Canada; he’s doing it to boost GDP artificially. The problem? That so-called “growth” is driving Canadians out of their own housing market.

You’ve got ordinary Canadians, people who’ve worked their whole lives, now completely priced out of homeownership because Trudeau has cranked up demand with his immigration policies. And while he’s busy making his numbers look good, you’re the one left without a chance to buy a home.

And what’s the solution Trudeau offers? Higher interest rates. That’s right. The Bank of Canada has been forced to keep rates above 4% (4.25%) just to cool down the mess Trudeau created. So now, not only are you dealing with sky-high prices, but the higher interest rates mean if you do somehow scrape together enough to buy a house, you’re stuck with a mortgage you can’t afford.

This isn’t just incompetence. It’s a deliberate strategy by Trudeau to artificially inflate the economy through immigration, all while making life harder for the average Canadian. This is the Trudeau legacy: inflated numbers on paper, while regular Canadians suffer in reality.

The Reality of Trudeau’s Policies

Everything costs more under Trudeau—everything. From your grocery bill to your taxes, life has gotten more expensive. But let’s not pretend this is some random economic downturn. This is the result of deliberate policies designed to make Trudeau look like he’s growing the economy. In reality, he’s burning through taxpayer dollars, and making life harder for the people who are actually *keeping this country going*—you.

And here’s the worst part: it’s not going to get better. As long as Trudeau is in charge, you’re going to keep seeing rising costs, more immigration to mask the economic stagnation, and higher interest rates making it impossible for Canadians to get ahead.

It’s time to stop pretending this is some unavoidable consequence of global forces. This is Justin Trudeau’s Canada, and the reality is, you’re being priced out of your own country.

Why Everything Costs More

Here’s the ugly truth: under Trudeau, everything costs more—much more. Groceries? Skyrocketing. Taxes? You can barely keep track of how many you’re paying. Energy bills? Forget it. These price hikes aren’t a coincidence—they’re a direct result of Trudeau’s reckless economic policies. This isn’t an accident; it’s the result of a deliberate plan to reshape Canada’s economy into some kind of climate-change fantasyland, and you’re the one paying for it.

Trudeau’s inflation problem started with his wild spending. The government kept printing and spending money, and soon enough, we had 8.1% inflation. While they love to pat themselves on the back for bringing it down to 2.5%, the reality is prices aren’t coming down. Groceries are still unaffordable. You’re paying 15-20% more for the basics like meat, vegetables, and even milk. Your wallet hasn’t seen any relief, despite their so-called victory lap.

Now, let’s talk about energy. Trudeau’s green energy agenda is a black hole sucking up billions in taxpayer dollars. Billions spent on unproven clean tech projects, and yet, have you seen your energy bills drop? Of course not. They’ve gone up. The kicker is, while Trudeau spends your money on windmills and electric buses that no one can afford, your gas and heating bills have soared. You’re being told to tighten your belt, but the government is lighting taxpayer dollars on fire.

Oh, and don’t forget taxes. Every time you turn around, there’s a new tax or an increase to an existing one. Carbon taxes, fuel taxes—everything is designed to make life more expensive. You’re paying more at the pump because of Trudeau’s so-called climate policies. Every single tax increase hits the working-class Canadian, the family just trying to get by. Meanwhile, Justin and his globalist buddies are laughing all the way to their next climate summit in a private jet.

A Trump Factor to Watch

And if you think this is bad, just wait. If Donald Trump wins re-election, Trudeau’s green pipe dream might come crashing down. Trump has promised to roll back Biden’s climate change initiatives. No more wind farms, no more billions funneled into solar power plants that never seem to get built. If Trump dismantles these climate policies, Trudeau’s entire green energy house of cards falls apart. Canada is deeply tied to U.S. climate cooperation—without it, Trudeau is left holding an empty bag. And what happens then? *You* will pay the price again as the government scrambles to find another way to fund their utopian schemes.

But it’s not just Trudeau’s climate pipe dreams that Trump could affect. Trump has been crystal clear—he’s bringing back tariffs, and Canada’s already weak GDP will take another hit. With Trudeau’s economic mismanagement, we can’t afford to take another blow. If Trump slams down new tariffs on Canadian goods, we’re looking at fewer jobs, higher prices, and an even deeper recession. Trudeau has left Canada exposed, and we’re the ones who will suffer for it.

Trudeau’s Legacy: Pain for the Average Canadian

Let’s face it—Trudeau’s legacy is one of pain for the average Canadian. He’s bloated the government, jacked up immigration numbers to artificially inflate GDP, and used that growth to justify even more spending. But who’s benefiting? Not you. Wages are stagnant, while the cost of living has gone through the roof. Why? Because the demand for everything from housing to groceries is being driven by immigration policies that Trudeau is using to fund his agenda. This isn’t about building a better Canada; it’s about maintaining the illusion of growth by bringing in more people to mask his economic failures.

Why can’t you buy a house? Because Trudeau’s open-door immigration policy has created an artificial demand for housing that has nothing to do with Canadians. The Bank of Canada has admitted it—excess demand is driving up housing costs. But here’s the kicker: this demand isn’t from Canadians trying to buy their first home. It’s from a government that’s using immigration as a crutch for economic growth that doesn’t actually exist. Meanwhile, you, the hard-working Canadian, are priced out of the market. You’re paying more, and Trudeau doesn’t care.

From taxes to groceries to housing, everything costs more under Justin Trudeau. And it’s all part of a grand scheme to push his climate agenda while using *your* hard-earned money to do it. So the next time you see your grocery bill or try to pay your heating bill, remember: this is the Canada Justin Trudeau built. How much longer can Canadians endure this? How much more can you take?

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Related Topics:#DanKnight #HousingCrisis #Inflation #InterestRates #JustinTrudeau #TheOppositionNewsNetwork TrudeauPolicies UnemploymentSurges

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Federal government’s accounting change reduces transparency and accountability

Published on May 3, 2025

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From the Fraser Institute

By Jake Fuss and Grady Munro

Carney’s deficit-spending plan over the next four years dwarfs the plan from Justin Trudeau, the biggest spender (per-person, inflation-adjusted) in Canadian history, and will add many more billions to Canada’s mountain of federal debt. Yet Prime Minister Carney has tried to sell his plan as more responsible than his predecessor’s.

All Canadians should care about government transparency. In Ottawa, the federal government must provide timely and comprehensible reporting on federal finances so Canadians know whether the government is staying true to its promises. And yet, the Carney government’s new spending framework—which increases complexity and ambiguity in the federal budget—will actually reduce transparency and make it harder for Canadians to hold the government accountable.

The government plans to separate federal spending into two budgets: the operating budget and the capital budget. Spending on government salaries, cash transfers to the provinces (for health care, for example) and to people (e.g. Old Age Security) will fall within the operating budget, while spending on “anything that builds an asset” will fall within the capital budget. Prime Minister Carney plans to balance the operating budget by 2028/29 while increasing spending within the capital budget (which will be funded by more borrowing).

According to the Liberal Party platform, this accounting change will “create a more transparent categorization of the expenditure that contributes to capital formation in Canada.” But in reality, it will muddy the waters and make it harder to evaluate the state of federal finances.

First off, the change will make it more difficult to recognize the actual size of the deficit. While the Carney government plans to balance the operating budget by 2028/29, this does not mean it plans to stop borrowing money. In fact, it will continue to borrow to finance increased capital spending, and as a result, after accounting for both operating and capital spending, will increase planned deficits over the next four years by a projected $93.4 billion compared to the Trudeau government’s last spending plan. You read that right—Carney’s deficit-spending plan over the next four years dwarfs the plan from Justin Trudeau, the biggest spender (per-person, inflation-adjusted) in Canadian history, and will add many more billions to Canada’s mountain of federal debt. Yet Prime Minister Carney has tried to sell his plan as more responsible than his predecessor’s.

In addition to obscuring the amount of borrowing, splitting the budget allows the government to get creative with its accounting. Certain types of spending clearly fall into one category or another. For example, salaries for bureaucrats clearly represent day-to-day operations while funding for long-term infrastructure projects are clearly capital investments. But Carney’s definition of “capital spending” remains vague. Instead of limiting this spending category to direct investments in long-term assets such as roads, ports or military equipment, the government will also include in the capital budget new “incentives” that “support the formation of private sector capital (e.g. patents, plants, and technology) or which meaningfully raise private sector productivity.” In other words, corporate welfare.

Indeed, based on the government’s definition of capital spending, government subsidies to corporations—as long as they somehow relate to creating an asset—could potentially land in the same spending category as new infrastructure spending. Not only would this be inaccurate, but this broad definition means the government could potentially balance the operating budget simply by shifting spending over to the capital budget, as opposed to reducing spending. This would add to the debt but allow the government to maneuver under the guise of “responsible” budgeting.

Finally, rather than split federal spending into two budgets, to increase transparency the Carney government could give Canadians a better idea of how their tax dollars are spent by providing additional breakdowns of line items about operating and capital spending within the existing budget framework.

Clearly, Carney’s new spending framework, as laid out in the Liberal election platform, will only further complicate government finances and make it harder for Canadians to hold their government accountable.

Jake Fuss

Director, Fiscal Studies, Fraser Institute

Grady Munro

Policy Analyst, Fraser Institute

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Carney poised to dethrone Trudeau as biggest spender in Canadian history

Published on May 3, 2025

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From the Fraser Institute

By Jake Fuss

The Liberals won the federal election partly due to the perception that Prime Minister Mark Carney will move his government back to the political centre and be more responsible with taxpayer dollars. But in fact, according to Carney’s fiscal plan, he doesn’t think Justin Trudeau was spending and borrowing enough.

To recap, the Trudeau government recorded 10 consecutive budget deficits, racked up $1.1 trillion in debt, recorded the six highest spending years (per person, adjusted for inflation) in Canadian history from 2018 to 2023, and last fall projected large deficits (and $400 billion in additional debt) over the next four years including a $42.2 billion deficit this fiscal year.

By contrast, under Carney’s plan, this year’s deficit will increase to a projected $62.4 billion while the combined deficits over the subsequent three years will be $67.7 billion higher than under Trudeau’s plan.

Consequently, the federal debt, and debt interest costs, will rise sharply. Under Trudeau’s plan, federal debt interest would have reached a projected $66.3 billion in 2028/29 compared to $68.7 billion under the new Carney plan. That’s roughly equivalent to what the government will spend on employment insurance (EI), the Canada Child Benefit and $10-a-day daycare combined. More taxpayer dollars will be diverted away from programs and services and towards servicing the debt.

Clearly, Carney plans to be a bigger spender than Justin Trudeau—who was the biggest spender in Canadian history.

On the campaign trail, Carney was creative in attempting to sell this as a responsible fiscal plan. For example, he split operating and capital spending into two separate budgets. According to his plan’s projections, the Carney government will balance the operating budget—which includes bureaucrat salaries, cash transfers (e.g. health-care funding) and benefits (e.g. Old Age Security)—by 2028/29, while borrowing huge sums to substantially increase capital spending, defined by Carney as anything that builds an asset. This is sleight-of-hand budgeting. Tell the audience to look somewhere—in this case, the operating budget—so it ignores what’s happening in the capital budget.

It’s also far from certain Carney will actually balance the operating budget. He’s banking on finding a mysterious $28.0 billion in savings from “increased government productivity.” His plan to use artificial intelligence and amalgamate service delivery will not magically deliver these savings. He’s already said no to cutting the bureaucracy or reducing any cash transfers to the provinces or individuals. With such a large chunk of spending exempt from review, it’s very difficult to see how meaningful cost savings will materialize.

And there’s no plan to pay for Carney’s spending explosion. Due to rising deficits and debt, the bill will come due later and younger generations of Canadians will bear this burden through higher taxes and/or fewer services.

Finally, there’s an obvious parallel between Carney and Trudeau on the inventive language used to justify more spending. According to Carney, his plan is not increasing spending but rather “investing” in the economy. Thus his campaign slogan “Spend less, invest more.” This wording is eerily similar to the 2015 and 2019 Trudeau election platforms, which claimed all new spending measures were merely “investments” that would increase economic growth. Regardless of the phrasing, Carney’s spending increases will produce the same results as under Trudeau—federal finances will continue to deteriorate without any improvement in economic growth. Canadian living standards (measured by per-person GDP) are lower today than they were seven years ago despite a massive increase in federal “investment” during the Trudeau years. Yet Carney, not content to double down on this failed approach, plans to accelerate it.

The numbers don’t lie; Carney’s fiscal plan includes more spending and borrowing than Trudeau’s plan. This will be a fiscal and economic disaster with Canadians paying the price.