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Opinion

Inflation Warning: StatsCan Sounds the Alarm

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8 minute read

The Opposition with Dan Knight

Inflation climbs, energy costs explode, and the government is literally on pause

Picture this: You’re on a plane. The engines are sputtering, the fuel gauge is flashing empty, and the ground is coming up fast. You look to the cockpit for some reassurance, some sign that the people in charge know what they’re doing. But instead, the pilots are gone. They’ve unbuckled their seatbelts, abandoned the controls, and are busy arguing over which one of them gets to be in charge next—because, you know, that’s the real priority right now.

They aren’t governing. They aren’t fixing the problems. They’re trying to save their own political skins while the country burns.

This morning’s Consumer Price Index (CPI) report tells us exactly what’s coming. Inflation is 1.9% year-over-year, and while that number seems stable, it’s a mirage—because once you strip away the government’s temporary tax gimmicks, what’s underneath is an economy about to collapse.

And just when you thought it couldn’t get worse, Trudeau is about to make it worse.

Let’s start with energy, because that’s where the pain begins. Gasoline prices are up 8.6%, natural gas is up 4.8%, and in Manitoba, gas prices just skyrocketed by a staggering 25.9% thanks to a reintroduced gas tax. That’s before Trump’s looming 25% tariff threat, which would send fuel costs spiraling even higher. This isn’t just bad economic policy—it’s a full-blown attack on the working class. Every trucker, every factory worker, every farmer in this country is about to get walloped by higher costs.

And what is Carney’s Liberal Party’s brilliant plan? Another carbon tax hike.

That’s right. While millions of Canadians struggle to afford gas, heating, and food, Trudeau is jacking up the carbon tax—again—on April 1st. That’s not a joke, that’s not speculation, that’s a fact. On that day, the carbon tax will increase to $80 per tonne, driving up gas prices by another 17 cents per liter. Heating your home? Get ready to pay even more. Running a small business? Good luck.

And if you think you caught a break on food prices, think again. The only reason restaurant meals were down 5.1% year-over-year was because of Trudeau’s temporary GST/HST tax cut—which expires in just a few days. Once it’s gone, the illusion of affordability disappears, and food prices will snap back up. Meanwhile, the housing market is still a disaster. Mortgage interest costs jumped 10.2%, rent is up 6.3%, property taxes are rising, and Trudeau is shoving half a million more immigrants into the housing market every year, making it even worse.

And here’s where it gets really ugly. Donald Trump—the current U.S. president—has made it very clear that he’s prepared to slap a 25% tariff on Canadian goods, with a 10% tariff on Canadian energy. What happens then?

  • Canadian oil becomes more expensive to export—which means less investment, fewer jobs, and higher energy prices at home.
  • Manufacturing takes a direct hit—cars, steel, lumber, and agriculture all get more expensive to sell to our biggest trading partner.
  • The Canadian dollar weakens, making everything from imported food to electronics even more costly.

And what is the Trudeau government doing in response?

Nothing. No plan. No strategy. No action. Because they can’t take action. They’ve abandoned ship. They aren’t focused on inflation, trade, or economic survival. They’re focused on themselves.

Trudeau, Mark Carney, Chrystia Freeland, and Karina Gould are on a campaign tour—not for the country, but for the Liberal Party. They’ve literally shut down Parliament—paused democracy itself—so they can focus on their leadership race. Instead of standing before Canadians and explaining how they’re going to stop this economic collapse, they’re off debating amongst themselves over who gets the keys to the sinking ship.

And make no mistake—this isn’t leadership. It’s self-preservation.

Oh sure, they’ll go on CBC and CTV, they’ll look into the camera, nod solemnly, and say they’re “deeply concerned” about affordability. They’ll talk about how they “have a plan” to help Canadians. But let’s be absolutely clear: They cannot execute anything. They can’t pass legislation. They can’t provide relief. They have shut down the government.

The only thing they can do right now is talk. And if they manage to fool enough people into electing them again? Then the real pain begins. More deficits. More immigration. More taxes. The same disastrous Liberal policies that got us here in the first place—only this time, there won’t be a GST holiday to hide the damage.

It’s not just a disgrace. It’s a joke—a sick, insulting joke at the expense of every hardworking Canadian trying to keep their head above water. This country is not some Liberal playground, a sandbox for political elites to bicker over power while the economy crumbles.

And yet, they want you to believe they care about affordability.

Really? Affordability? Because here’s what’s actually happening: The temporary GST break is gone, energy prices are about to skyrocket, and come April 1st, your gas bill goes up again—all thanks to yet another carbon tax hike, courtesy of Mark Carney. That’s right. The man Liberals are grooming to be their next leader is the same unelected banker who cooked up this disaster in the first place.

And now? He gets to inherit it.

So maybe, in some twisted way, this is justice. Maybe it’s actually a blessing that Parliament is prorogued, because it means the Liberals can’t pass any more destructive policies before they’re inevitably thrown out of office. Let Carney take the blame. Let him defend his own brainchild as Canadians get walloped with higher gas prices, higher heating costs, and higher grocery bills.

This is the Liberal legacy: crippling taxes, runaway inflation, and a government too self-absorbed to care. And they have the audacity—the absolute gall—to tell you they’re the ones who will fix it?

Enough. No more distractions. No more backroom power grabs.

Call the election. Face the people. Let Canada decide its future.

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International

Javier Millei declassifies 1850+ files on Nazi leaders in Argentina

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Quick Hit:

Argentine President Javier Milei has ordered the declassification of over 1,850 historical documents detailing the presence and activities of Nazi officials in Argentina following World War II. The move grants global public access to once-restricted files on high-profile Nazi figures, including Josef Mengele and Adolf Eichmann.

Key Details:

  • The files are now publicly available online through an Argentine government portal.
  • Notable entries document the postwar movements and false identities of infamous Nazi war criminals, such as Mengele and Eichmann.
  • The declassified material was delivered to the Simon Wiesenthal Center to assist ongoing investigations into postwar Nazi financial networks.

Diving Deeper:

The decision by President Milei to declassify over 1,850 official records regarding Nazi officials in Argentina is a historic act of governmental transparency, and one that sheds further light on Argentina’s role as a haven for some of history’s most reviled war criminals.

Among the most chilling revelations are detailed police and immigration records concerning Josef Mengele, the SS doctor known as the “Angel of Death.” The files show Mengele arrived in Argentina in June 1949 using a falsified Italian identity under the name “Gregor Helmut,” facilitated by a passport issued by the International Red Cross. He successfully obtained Argentine legal status with help from the German embassy and remained in the country for years under official cover. Reports describe his profession as “manufacturer” and his later attempts to travel to both Chile and West Germany, supported by certificates of good conduct issued by local authorities.

Another document confirms that West Germany had requested Mengele’s extradition to face a life sentence, yet Argentina denied the request, citing procedural technicalities and taking no action—a decision that allowed Mengele to continue living in freedom in South America until his death in Brazil in 1979.

The files also include information on Adolf Eichmann, one of the chief architects of the Holocaust’s “Final Solution,” who lived in Argentina until his dramatic capture by Israeli Mossad agents in 1960. Additionally, declassified material references Martin Bormann, Hitler’s personal secretary, and Walter Kutschmann, a Gestapo officer responsible for mass atrocities in Poland who lived under an alias in Miramar.

The Argentine government stated that these files were compiled through investigations by the Foreign Affairs Directorate of the Federal Police, the State Intelligence Secretariat (SIDE), and the National Gendarmerie from the 1950s through the 1980s. Until this release, the information could only be viewed in a tightly controlled section of Argentina’s General Archive of the Nation.

The newly declassified files were also handed over to the Simon Wiesenthal Center, supporting its research into financial ties between Nazi officials and institutions like the Swiss-based Credit Suisse. The decision follows a February agreement between President Milei and representatives of the center.

Chief of Staff Guillermo Francos made it clear that this release was at the personal direction of Milei, noting in March, “President Milei gave the instruction to release all documentation [on Nazis who fled to Argentina after World War II] that exists in any State agency, because there is no reason to continue safeguarding that information.”

(AP Photo/Markus Schreiber)

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Business

Scott Bessent says U.S., Ukraine “ready to sign” rare earths deal

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Quick Hit:

During Wednesday’s Cabinet meeting, Treasury Secretary Scott Bessent said the U.S. is prepared to move forward with a minerals agreement with Ukraine. President Trump has framed the deal as a way to recover U.S. aid and establish an American presence to deter Russian threats.

Key Details:

  • Bessent confirmed during a Cabinet meeting that the U.S. is “ready to sign this afternoon,” even as Ukrainian officials introduced last-minute changes to the agreement. “We’re sure that they will reconsider that,” he added during the Cabinet discussion.

  • Ukrainian Economy Minister Yulia Svyrydenko was reportedly in Washington on Wednesday to iron out remaining details with American officials.

  • The deal is expected to outline a rare earth mineral partnership between Washington and Kyiv, with Ukrainian Armed Forces Lt. Denis Yaroslavsky calling it a potential turning point: “The minerals deal is the first step. Ukraine should sign it on an equal basis. Russia is afraid of this deal.”

Diving Deeper:

The United States is poised to sign a long-anticipated rare earth minerals agreement with Ukraine, Treasury Secretary Scott Bessent announced  during a Cabinet meeting on Wednesday. According to Bessent, Ukrainians introduced “last minute changes” late Tuesday night, complicating the final phase of negotiations. Still, he emphasized the U.S. remains prepared to move forward: “We’re sure that they will reconsider that, and we are ready to sign this afternoon.”

As first reported by Ukrainian media and confirmed by multiple Ukrainian officials, Economy Minister Yulia Svyrydenko is in Washington this week for the final stages of negotiations. “We are finalizing the last details with our American colleagues,” Ukrainian Prime Minister Denys Shmyhal told Telemarathon.

The deal follows months of complex talks that nearly collapsed earlier this year. In February, President Trump dispatched top officials, including Bessent, to meet with President Volodymyr Zelensky in Ukraine to hammer out terms. According to officials familiar with the matter, Trump grew frustrated when Kyiv initially refused U.S. conditions. Still, the two sides ultimately reached what Bessent described as an “improved” version of the deal by late February.

The effort nearly fell apart again during Zelensky’s February 28th visit to the White House, where a heated Oval Office exchange between the Ukrainian president, Trump, and Vice President JD Vance led to Zelensky being removed from the building and the deal left unsigned.

Despite those setbacks, the deal appears to be back on track. While no public text of the agreement has been released, the framework is expected to center on U.S.-Ukraine cooperation in extracting rare earth minerals—resources vital to modern manufacturing, electronics, and defense technologies.

President Trump has publicly defended the arrangement as a strategic and financial win for the United States. “We want something for our efforts beyond what you would think would be acceptable, and we said, ‘rare earth, they’re very good,’” he said during the Cabinet meeting. “It’s also good for them, because you’ll have an American presence at the site and the American presence will keep a lot of bad actors out of the country—or certainly out of the area where we’re doing the digging.”

Trump has emphasized that the deal would serve as a form of “security guarantee” for Ukraine, providing a stabilizing American footprint amid ongoing Russian aggression. He framed it as a tangible return on the billions in U.S. aid sent to Kyiv since the start of Russia’s 2022 invasion.

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