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Economy

400,000 more Canadians live in poverty now compared to 2020: gov’t report

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From LifeSiteNews

By Anthony Murdoch

A report by the federal government has found that ‘9.9 percent of Canadians, some four million people, live in poverty compared to 6.4 percent in 2020, the equivalent of approximately 400,000 more Canadians.’

Decades of progress in lowering the poverty rate in Canada has been wiped out in the last few years under Prime Minister Justin Trudeau’s Liberal government, one of his own federal departments has reported.

According to Blacklock’s Reporter, a recently released report dated December 11, 2023 by the Department of Social Development “estimates” that “9.9 percent of Canadians, some four million people, live in poverty compared to 6.4 percent in 2020, the equivalent of ‘approximately 400,000 more Canadians,’” and that “[f]uture increases in the rate of poverty could stall progress towards reaching the 2030 poverty reduction target of a 50 percent reduction in poverty versus 2015 levels.” 

The report observed that high inflation in Canada combined with “lagging household incomes” has led to “affordability pressures among many households.” 

While the uptick in the poverty rate is certainly concerning for many Canadians, it may come as little surprise as this is not the first time one of Trudeau’s own departments has warned of such a trend.

In January, the National Advisory Council on Poverty (NACP) observed to Parliament that fast-rising food costs have led to many people feeling a sense of “hopelessness and desperation.”

“Persons with lived expertise of poverty and service providers alike told us things seem worse now than they were before and during the first years of the pandemic,” read the NACP report.  

“We heard that people are worried about the rising cost of living and inflation,” it continued, adding, “More people are in crisis and these crises are more visible in our communities.” 

The damning figures comes as critics, including the nation’s leading taxpayer watchdog, the Canadian Taxpayers Federation, have warned that the Trudeau government’s deficit spending and oft-increasing tax regime has been putting undue strain on the pocketbooks of its citizens.

Previously speaking to LifeSiteNews, CTF federal director Franco Terrazzano urged the Trudeau government to cut spending, balance the budget and “completely scrap” the “carbon tax.”

“More debt means more money wasted on interest charges and less room to cut taxes,” Terrazzano stated, warning that “[i]n a handful of years, every penny collected from the GST (Goods and Service Tax) will go toward paying interest on the debt.”

Under Trudeau, Canadians have seen their overall tax rate go up thanks to the punitive carbon tax that affects all goods and services in the nation. 

Even the Bank of Canada, the nation’s central bank, has taken issue with Trudeau government policy, acknowledging last year that some of its federal “climate change” programs, which have been deemed “extreme” by provincial leaders, are helping to fuel inflation. 

Business

The Liberal budget is a massive FAILURE: Former Liberal Cabinet Member Dan McTeague

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Prime Minister Mark Carney tabled his government’s long-overdue budget yesterday and took the same approach as his predecessor – spend, spend, spend.

Canada’s deficit is now a staggering $78 BILLION. To make matters worse, Carney doubled down on the industrial carbon tax.

Dan McTeague explains in his latest video.

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Daily Caller

US Eating Canada’s Lunch While Liberals Stall – Trump Admin Announces Record-Shattering Energy Report

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From the Daily Caller News Foundation

By Audrey Streb

The Department of Energy (DOE) touted a report on Wednesday which states that America broke records in liquefied natural gas (LNG) exports.

The U.S. became the first country to export over 10 million metric tonnes of LNG in one month in October, Reuters reported on Monday, citing preliminary data from the financial firm LSEG. The DOE posted on X on Wednesday that “there are big opportunities ahead for U.S. natural gas” and has consistently championed LNG in a sharp departure from former President Joe Biden’s crackdown on the resource.

“The fact that America’s oil and gas industry was able to pass this stunning milestone is impressive considering all the roadblocks to progress which were thrown up by the Biden administration,” David Blackmon, an energy and policy writer who spent 40 years in the oil and gas business, told the Daily Caller News Foundation. “It is a testament to both the resilience and innovative mindset of the industry and to the phenomenal wealth of America’s natural gas resource.”

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Two facilities in Louisiana and Texas are responsible for the LNG export surge, according to Reuters. The U.S. LNG industry emerged as an energy sector giant in recent decades, with America now leading the world in LNG exports after being projected to be a net importer as late as 2010, according to S&P Global.

The Biden administration enacted a freeze on new LNG export permits and “intentionally buried a lot of data and released a skewed study to discredit the benefits of American LNG,” the DCNF previously reported. The environmental lobby applauded Biden’s January 2024 freeze on new LNG export terminals, though critics argued that the policy stalled investment, would not reduce emissions and undermined America’s global strategic interests.

In contrast, President Donald Trump sought opportunities to bolster LNG and reversed the new permit pause through a day-one executive order. Some energy policy experts told the DCNF that the reported milestone highlights the resiliency of the industry and the benefit of Trump’s “American energy dominance” agenda.

“By expediting LNG terminal expansion and signing off on export agreements, the Trump administration is rapidly powering the world while simultaneously keeping his commitment for U.S. energy dominance,” Sterling Burnett, director of the Arthur B. Robinson Center on Climate and Environmental Policy at The Heartland Institute, told the DCNF. “The world wants U.S. gas, and under Trump they are getting it, in the process showing the world what a market economy can do when unfettered by unnecessary, duplicative, regulations that stifle growth.”
“The only thing that has held the U.S. economy and our energy independence and dominance back over the decades is Democratic administration’s pushing inane, futile, climate policies, restricting fossil fuel use,” Burnett continued. “New LNG export data shows those days are over and what America can accomplish for itself and the world, when a President puts America first.”
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