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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Carney’s Deficit Numbers Deserve Scrutiny After Trudeau’s Forecasting Failures

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Carney’s Deficit Numbers Deserve Scrutiny After Trudeau’s Forecasting Failures

Published on November 7, 2025

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From the Frontier Centre for Public Policy

By Conrad Eder

Frontier Centre for Public Policy study reveals a decade of inflated Liberal forecasts—a track record that casts a long shadow over Carney’s first budget

The Frontier Centre for Public Policy has released a major new study revealing that the Trudeau government’s federal budget forecasts from 2016 to 2025 were consistently inaccurate and biased — a record that casts serious doubt on the projections in Prime Minister Mark Carney’s first budget.

Carney’s 2025–26 federal budget forecasts a $78.3-billion deficit — twice the size projected last year and four times what was forecast in Budget 2022. But if recent history is any guide, Canadians have good reason to question whether even this ballooning deficit reflects fiscal reality.

The 4,000-word study, Measuring Federal Budgetary Balance Forecasting Accuracy and Bias, by Frontier Centre policy analyst Conrad Eder, finds that forecast accuracy collapsed after the Trudeau government took office:

Current-year forecasts were off by an average of $22.9 billion, or one per cent of GDP.
Four-year forecasts missed the mark by an average of $94.4 billion, or four per cent of GDP.
Long-term projections consistently overstated Canada’s fiscal health, showing a clear optimism bias.

Eder’s analysis shows that every three- and four-year forecast under Trudeau predicted a stronger financial position than what actually occurred, masking the true scale of deficits and debt accumulation. The study concludes that this reflects a systemic optimism bias, likely rooted in political incentives: short-term optics with no regard to long-term consequences.

“With Prime Minister Carney now setting Canada’s fiscal direction, it’s critical to assess his projections in light of this track record,” said Eder. “The pattern of bias and inaccuracy under previous Liberal governments gives reason to doubt the credibility of claims that deficits will shrink over time. Canadians deserve fiscal forecasts that are credible and transparent — not political messaging disguised as economic planning.”

The study warns that persistent optimism bias erodes fiscal accountability, weakens public trust and limits citizens’ ability to hold government to account — a threat to both economic sustainability and democratic transparency.

Click here to download the full study.

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Here’s what pundits and analysts get wrong about the Carney government’s first budget

Published on November 6, 2025

Todayville

From the Fraser Institute

By Jason Clemens and Jake Fuss

Under the new budget plan, this wedge between what the government collects in revenues versus what is actually spent on programs will rise to 13.0 per cent by 2029/30. Put differently, slightly more than one in every eight dollars sent to Ottawa will be used to pay interest on debt for past spending.

The Carney government’s much-anticipated first budget landed on Nov. 4. There’s been much discussion by pundits and analysts on the increase in the deficit and borrowing, the emphasis on infrastructure spending (broadly defined), and the continued activist approach of Ottawa. There are, however, several critically important aspects of the budget that are consistently being misstated or misinterpreted, which makes it harder for average Canadians to fully appreciate the consequences and costs of the budget.

One issue in need of greater clarity is the cost of Canada’s indebtedness. Like regular Canadians and businesses, the government must pay interest on federal debt. According to the budget plan, total federal debt will reach an expected $2.9 trillion in 2029/30. For reference, total federal debt stood at $1.0 trillion when the Trudeau government took office in 2015. The interest costs on that debt will rise from $53.4 billion last year to an expected $76.1 billion by 2029/30. Several analyses have noted this means federal interest costs will rise from 1.7 per cent of GDP to 2.1 per cent.

These are all worrying statistics about the indebtedness of the federal government. However, they ignore a key statistic—interest costs as a share of revenues. When the Trudeau government took office, interest costs consumed 7.5 per cent of revenues. This means taxpayers were foregoing 7.5 per cent of the resources they sent to Ottawa (in terms of spending on actual programs) because these monies were used to pay interest on debt accumulated from previous spending.

Under the new budget plan, this wedge between what the government collects in revenues versus what is actually spent on programs will rise to 13.0 per cent by 2029/30. Put differently, slightly more than one in every eight dollars sent to Ottawa will be used to pay interest on debt for past spending. This is one way governments get into financial problems, even crises, by continually increasing the share of revenues consumed by interest payments.

A second and fairly consistently misrepresented aspect of the budget pertains to large spending initiatives such as Build Canada Homes and Build Communities Strong Fund. The former is meant to increase the number of new homes, particularly affordable homes, being built annually and the latter is intended to provide funding to provincial governments (and through them, municipalities) for infrastructure spending. But few analysts question whether or not these programs will produce actual new spending for homebuilding or simply replace or “crowd-out” existing spending by the private sector.

Let’s first explore the homebuilding initiative. At any point in time, there are a limited number of skilled workers, raw materials, land, etc. available for homebuilding. When the federal government, or any government, initiates its own homebuilding program, it directly competes with private companies for that skilled labour (carpenters, electricians, etc.), raw materials (timber, concrete, etc.) and the land needed for development. Put simply, government homebuilding crowds out private-sector activity.

Moreover, there’s a strong argument that the crowding out by government results in less homebuilding than would otherwise be the case, because the incentives for private-sector homebuilding are dramatically different than government incentives. For example, private firms risk their own wealth and wellbeing (and the wellbeing of their employees) so they have very strong incentives to deliver homes demanded by people on time and at a reasonable price. Government bureaucrats and politicians, on the other hand, face no such incentives. They pay no price, in terms of personal wealth or wellbeing if homes, are late, not what consumers demand, or even produce less than expected. Put simply, homebuilding by Ottawa could easily result in less homes being built than if government had stayed out of the way of entrepreneurs, businessowners and developers.

Similarly, it’s debatable that infrastructure spending by Ottawa—specifically, providing funds to the provinces and municipalities—results in an actual increase in total infrastructure spending. There are numerous historical examples, including reports by the auditor general, detailing how similar infrastructure spending initiatives by the federal government were plagued by mismanagement. And in many circumstances, the provinces simply reduced their own infrastructure spending to save money, such that the actual incremental increase in overall infrastructure spending was negligible.

In reality, some of the major and large spending initiatives announced or expanded in the Carney government’s first budget, which will accelerate the deterioration of federal finances, may not deliver anything close to what the government suggests. Canadians should understand the real risks and challenges in these federal spending initiatives, along with the debt being accumulated, and the limited potential benefits.