💸 Canadian household debt nears $3 trillion, over 130% of GDP
Canadian households have slowed on borrowing recently, but they still accumulated a whopping amount of debt. Households debt climbed 0.3% (+$10.1 billion) to $2.94 trillion in February. This helped push annual growth to 3.4% (+$96.1 billion), and marks the fourth consecutive month of acceleration.
🍁 Maple Chronicles
Canadian households have slowed on borrowing recently, but they still accumulated a whopping amount of debt. Households debt climbed 0.3% (+$10.1 billion) to $2.94 trillion in February. This helped push annual growth to 3.4% (+$96.1 billion), and marks the fourth consecutive month of acceleration.
🍁 Maple Chronicles
Better Dwelling
Canadian Household Debt Nears $3 Trillion, Over 130% of GDP
Higher interest rates may have slowed Canadians from borrowing, but they’re embracing hope. Hope that rates will be cut and the debt they’re once again accumulating will go down in cost. Bank of Canada (BoC) data shows household credit jumped in February…
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🚙Three auto theft convictions should result in three years in prison, Pierre Poilievre says
Conservative Leader Pierre Poilievre says a Conservative government would make sure auto thieves spend at least three years in prison if they are convicted for a third time, and ban house arrest for those convicted of an indictable offence.
#Poilievre
🍁 Maple Chronicles
Conservative Leader Pierre Poilievre says a Conservative government would make sure auto thieves spend at least three years in prison if they are convicted for a third time, and ban house arrest for those convicted of an indictable offence.
#Poilievre
🍁 Maple Chronicles
National Post
Three auto theft convictions should result in three years in prison, Pierre Poilievre says
Conservative Leader Pierre Poilievre says repeat car thieves should not be allowed to serve their sentence “in their living room watching Netflix.”
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🇨🇦🇨🇳 Chinese ambassador leaves posting in Canada
China's ambassador to Canada Cong Peiwu has left his posting. He served as China's ambassador to Canada since 2019.
#China
🍁 Maple Chronicles
China's ambassador to Canada Cong Peiwu has left his posting. He served as China's ambassador to Canada since 2019.
#China
🍁 Maple Chronicles
CBC
Chinese ambassador leaves posting in Canada as Ottawa pushes to improve ties | CBC News
The federal government has confirmed China’s ambassador to Canada has left his posting as one of Ottawa’s top diplomats tries to thaw relations between the two countries.
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🏃♂️Vermont border patrol records highest number of illegal crossings from Canada in single month
Officials in the U.S. Border Patrol’s Swanton Sector in Vermont saw 1,109 apprehensions in March 2024, the highest recorded by the sector in a single month. The top three nationalities apprehended were 408 Indian, 323 Bangladeshi, and 170 Mexican nationals.
Don't get me wrong, but isn't Canada good enough for people from Bangladesh?
#US #immigration
🍁 Maple Chronicles
Officials in the U.S. Border Patrol’s Swanton Sector in Vermont saw 1,109 apprehensions in March 2024, the highest recorded by the sector in a single month. The top three nationalities apprehended were 408 Indian, 323 Bangladeshi, and 170 Mexican nationals.
Don't get me wrong, but isn't Canada good enough for people from Bangladesh?
#US #immigration
🍁 Maple Chronicles
National Post
Vermont border patrol records highest number of illegal crossings from Canada in single month
A U.S. border patrol sector in Vermont has apprehended a record number of attempted illegal crossings from Canada in a single month.
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🏠📉New condo sales in the Toronto area hit 15-year low
There were 1,461 new condo sales in the Greater Toronto and Hamilton Area in the first quarter of the year. That marked the lowest quarterly amount since the 2009 financial crisis.
Interest rates are high, rents are high, home buying is unaffordable, corporations are laying people off. We are in a full-blown economic crisis, but politicians don't want to call it what it is. As if no one is going to notice.
#housing #Ontario
🍁 Maple Chronicles
There were 1,461 new condo sales in the Greater Toronto and Hamilton Area in the first quarter of the year. That marked the lowest quarterly amount since the 2009 financial crisis.
Interest rates are high, rents are high, home buying is unaffordable, corporations are laying people off. We are in a full-blown economic crisis, but politicians don't want to call it what it is. As if no one is going to notice.
#housing #Ontario
🍁 Maple Chronicles
The Globe and Mail
New condo sales in the Toronto area hit 15-year low
There were 1,461 new condo sales in the Greater Toronto and Hamilton Area in the first quarter of the year, marking the lowest quarterly amount since early 2009
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🇨🇦🇮🇱🇵🇸Jewish groups call for end to funding for Edmonton Pride centre over its response to Hamas attack
Jewish organizations are calling for funding to be stripped from the Pride Centre of Edmonton, arguing that its “egregious” conduct since the October 7 Hamas attack on Israel ought to disqualify it from government support.
There are three things you can watch forever: fire burning, water falling and minorities arguing over who is most oppressed.
#Israel #Palestine
🍁 Maple Chronicles
Jewish organizations are calling for funding to be stripped from the Pride Centre of Edmonton, arguing that its “egregious” conduct since the October 7 Hamas attack on Israel ought to disqualify it from government support.
There are three things you can watch forever: fire burning, water falling and minorities arguing over who is most oppressed.
#Israel #Palestine
🍁 Maple Chronicles
National Post
Jewish groups call for end to funding for Edmonton Pride centre over its response to Hamas attack
Jewish organizations are calling for funding to be stripped from the Pride Centre of Edmonton, arguing that its “egregious” conduct since the October 7 Hamas attack on Israel ought to disqualify it from government support.
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🔫Canada Post refusing to collect banned guns for Ottawa's buyback program
Canada Post is refusing to collect firearms that were banned by the federal government in 2020.
Liberals promised a buyback program to remove 144,000 firearms from private hands in both the 2019 and 2021 elections. The government officially announced the process in 2020 and is now hoping to finalize it before the next general election, set for the fall of 2025.
🍁 Maple Chronicles
Canada Post is refusing to collect firearms that were banned by the federal government in 2020.
Liberals promised a buyback program to remove 144,000 firearms from private hands in both the 2019 and 2021 elections. The government officially announced the process in 2020 and is now hoping to finalize it before the next general election, set for the fall of 2025.
🍁 Maple Chronicles
CBC
Canada Post refusing to collect banned guns for Ottawa's buyback program | CBC News
Canada Post is refusing to collect firearms that were banned by the federal government in 2020, complicating Ottawa's plans for a buyback program to remove 144,000 firearms from private hands, federal sources say.
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🎓Asylum claims by international students have risen nearly 650 per cent in the past five years
Experts warn that the study-permit system is being exploited as a way to enter and remain in Canada.
The increase in asylum claims coincides with a steep rise in the number of international students arriving over the past five years.
🍁 Maple Chronicles
Experts warn that the study-permit system is being exploited as a way to enter and remain in Canada.
The increase in asylum claims coincides with a steep rise in the number of international students arriving over the past five years.
🍁 Maple Chronicles
The Globe and Mail
Spike in international student asylum claims an abuse of study permits, experts warn
Students at major universities, however, tend to lodge fewer claims than at colleges, the figures show
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🩺 Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing they will affect doctors' retirement savings.
Kathleen Ross, the association's president, says many doctors incorporate their medical practices and invest for retirement inside their corporations.
The proposed changes would increase taxes on those investments, something the association says will add "financial strain" for doctors who do not have a pension to rely on.
Ross argues the change could also affect recruitment and retention of physicians in Canada.
🍁 Maple Chronicles
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing they will affect doctors' retirement savings.
Kathleen Ross, the association's president, says many doctors incorporate their medical practices and invest for retirement inside their corporations.
The proposed changes would increase taxes on those investments, something the association says will add "financial strain" for doctors who do not have a pension to rely on.
Ross argues the change could also affect recruitment and retention of physicians in Canada.
🍁 Maple Chronicles
CTVNews
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
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Forwarded from Blood Meridian
🇺🇸🇮🇳🇨🇦 Sharp rise in Indians detained at US border with Canada
Border agents have recorded a sharp rise in Indians attempting to illegally enter the US from Canada in a trend immigration attorneys expect could continue until the election.
There were 30,010 Indian nationals apprehended at the norther border in 2023 compared to just 2,225 two years earlier during the height of the pandemic, according to CBP.
A further 16,622 have also arrived this fiscal year, which began on October 1.
🔎 Source
#US #India #Canada #border
☠️ Blood Meridian
Border agents have recorded a sharp rise in Indians attempting to illegally enter the US from Canada in a trend immigration attorneys expect could continue until the election.
There were 30,010 Indian nationals apprehended at the norther border in 2023 compared to just 2,225 two years earlier during the height of the pandemic, according to CBP.
A further 16,622 have also arrived this fiscal year, which began on October 1.
🔎 Source
#US #India #Canada #border
☠️ Blood Meridian
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🩺 Trudeau dismisses plea from doctors to reconsider capital gains tax change
Prime Minister Justin Trudeau is rejecting a call from some doctors for his government to reconsider its planned capital gains tax hike.
Trudeau said the tax hike presented in the federal budget only asks "the wealthiest to pay a little bit more."
Canada is facing a severe doctor shortage. An estimated 6.5 million Canadians are going without access to primary care as family physicians retire en masse and medical schools struggle to recruit new residents to replace them.
#Trudeau #healthcare
🍁 Maple Chronicles
Prime Minister Justin Trudeau is rejecting a call from some doctors for his government to reconsider its planned capital gains tax hike.
Trudeau said the tax hike presented in the federal budget only asks "the wealthiest to pay a little bit more."
We just don't think it's right that a student, or an electrician or a teacher be paying taxes on 100 per cent of their income while others have the opportunities to use accountants and pay taxes on only 50 per cent of that income.
Canada is facing a severe doctor shortage. An estimated 6.5 million Canadians are going without access to primary care as family physicians retire en masse and medical schools struggle to recruit new residents to replace them.
#Trudeau #healthcare
🍁 Maple Chronicles
CBC
Trudeau dismisses plea from doctors to reconsider capital gains tax change | CBC News
Prime Minister Justin Trudeau is rejecting a request by doctors to reconsider his government’s capital gains tax hike. The doctors warn that the tax change could undermine efforts to recruit and retain physicians in Canada and threaten the stability of the…
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💰📉 Statistics Canada revealed global capital continues to flee Canada’s capital markets at a record pace.
🔹Canadian investors bought $24.2 billion in foreign securities in February, after sending $7.6 billion in January. The US was the biggest winner of Canadian investors chasing foreign investments. In total, a record of $16.3 billion in foreign bonds were purchased in February.
🔹Foreign investors dumped $8.8 billion worth of securities in February. This follows an unusually busy period of divestment over the past 3-months, amounting to a $31.0 billion sell off.
🍁 Maple Chronicles
🔹Canadian investors bought $24.2 billion in foreign securities in February, after sending $7.6 billion in January. The US was the biggest winner of Canadian investors chasing foreign investments. In total, a record of $16.3 billion in foreign bonds were purchased in February.
🔹Foreign investors dumped $8.8 billion worth of securities in February. This follows an unusually busy period of divestment over the past 3-months, amounting to a $31.0 billion sell off.
🍁 Maple Chronicles
Better Dwelling
Canada Sees Domestic & Foreign Investors Pull Out At A Record Pace
Canada has historically had a reputation as a safehaven to global investors, but those days are suddenly gone. Statistics Canada (Stat Can) released its securities trade for February. The data revealed global capital continues to flee the country’s capital…
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📉Canada's retail sales fall, missing expectations
Statistics Canada said retail sales decreased 0.1 per cent to $66.7 billion, missing the agency’s early estimate of a 0.1 per cent gain.
Gas stations led the decline, falling 2.2 per cent. Core retail sales, which exclude fuel and motor vehicles and parts, were unchanged. Retail sales volumes fell 0.3 per cent.
🍁 Maple Chronicles
Statistics Canada said retail sales decreased 0.1 per cent to $66.7 billion, missing the agency’s early estimate of a 0.1 per cent gain.
Gas stations led the decline, falling 2.2 per cent. Core retail sales, which exclude fuel and motor vehicles and parts, were unchanged. Retail sales volumes fell 0.3 per cent.
🍁 Maple Chronicles
Yahoo Finance
Canada's retail sales fall, missing expectations
Retail sales volumes fall 0.3% in February
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🪖Canadian military to destroy 11,000 Second World War-era pistols
The Canadian military plans to destroy 11,000 of its Second World War-era pistols by the end of this year.
The move comes as the Canadian Forces confirmed it has received the final deliveries of a new 9-mm pistol as part of a $19.4-million project.
The military purchased the Sig Sauer P320, which is being distributed to units. It replaces the Browning Hi-Power pistol that has been used by the Canadian Forces for decades.
🍁 Maple Chronicles
The Canadian military plans to destroy 11,000 of its Second World War-era pistols by the end of this year.
The move comes as the Canadian Forces confirmed it has received the final deliveries of a new 9-mm pistol as part of a $19.4-million project.
The military purchased the Sig Sauer P320, which is being distributed to units. It replaces the Browning Hi-Power pistol that has been used by the Canadian Forces for decades.
🍁 Maple Chronicles
ottawacitizen
Canadian military to destroy 11,000 Second World War-era pistols
The Canadian military plans to destroy 11,000 of its Second World War-era pistols by the end of this year.
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Canadians feel highest levels of anger, pessimism towards Trudeau government since 2018: Nanos poll
Anger and pessimism towards the Trudeau Liberal-NDP coalition have reached their highest levels since 2018, with nearly two thirds of Canadians saying they harbour primarily negative feelings towards those in power.
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Anger and pessimism towards the Trudeau Liberal-NDP coalition have reached their highest levels since 2018, with nearly two thirds of Canadians saying they harbour primarily negative feelings towards those in power.
🍁 Maple Chronicles
The Post Millennial
Canadians feel highest levels of anger, pessimism towards Trudeau government since 2018: Nanos poll
Nearly two thirds of Canadians saying they harbour primarily negative feelings towards those in power.
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🚙🔌Trudeau and Ford unveil Honda’s plan to build four new factories in Ontario
Prime Minister Justin Trudeau and Premier Doug Ford announced Thursday that Honda will build four new factories in Ontario, producing 240,000 electric vehicles as the Japanese auto giant expands its footprint.
#Ontario
🍁 Maple Chronicles
Prime Minister Justin Trudeau and Premier Doug Ford announced Thursday that Honda will build four new factories in Ontario, producing 240,000 electric vehicles as the Japanese auto giant expands its footprint.
#Ontario
🍁 Maple Chronicles
Toronto Star
Trudeau and Ford unveil Honda’s plan to build four new factories in Ontario
The Japanese automaker will have an electric vehicle factory and auto assembly plant in a region where they have been making gasoline-powered cars and trucks since 1986.
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Alberta cabinet to gain power to remove councillors, change bylaws as province also adds political parties to municipal politics
A new Alberta government bill seeks to give cabinet new powers to compel councils to amend or repeal municipal bylaws and remove councillors, while also allowing party affiliations to be listed on municipal election ballots.
The changes are among many that will be introduced through Bill 20: the Municipal Affairs Statutes Amendment Act, 2024 which was tabled in the legislature on Thursday.
#Alberta
🍁 Maple Chronicles
A new Alberta government bill seeks to give cabinet new powers to compel councils to amend or repeal municipal bylaws and remove councillors, while also allowing party affiliations to be listed on municipal election ballots.
The changes are among many that will be introduced through Bill 20: the Municipal Affairs Statutes Amendment Act, 2024 which was tabled in the legislature on Thursday.
#Alberta
🍁 Maple Chronicles
edmontonjournal
Alberta cabinet to gain power to remove councillors, change bylaws as province also adds political parties to municipal politics
The Alberta government's Bill 20 also proposes allowing party affiliations to be listed on municipal election ballots.
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💉B.C. asks Ottawa for help on decriminalization fallout
British Columbia is asking Ottawa to help the province rein in public drug use arising from its decriminalization pilot project, after its own attempt to establish limits through legislation were derailed by a B.C. Supreme Court injunction.
#BritishColumbia
🍁 Maple Chronicles
British Columbia is asking Ottawa to help the province rein in public drug use arising from its decriminalization pilot project, after its own attempt to establish limits through legislation were derailed by a B.C. Supreme Court injunction.
#BritishColumbia
🍁 Maple Chronicles
The Globe and Mail
B.C. asks Ottawa for help on decriminalization fallout
B.C.’s Minister for Mental Health and Addictions will ask the federal government to review its current exemptions to the decriminalization pilot that limits drug use in some spaces
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🩺 Ontario scrapping sick notes to cut down on doctors' paperwork
Ontario says it will force employers to scrap requirements for sick notes as part of an effort to cut down on paperwork for family physicians.
The change will be part of new legislation tabled by the minister of labour in coming weeks, a government official says. The amendments would eliminate the need for a doctor's note from employees who want to use part or all of their three days of provincially-mandated annual sick leave.
#Ontario #healthcare
🍁 Maple Chronicles
Ontario says it will force employers to scrap requirements for sick notes as part of an effort to cut down on paperwork for family physicians.
The change will be part of new legislation tabled by the minister of labour in coming weeks, a government official says. The amendments would eliminate the need for a doctor's note from employees who want to use part or all of their three days of provincially-mandated annual sick leave.
#Ontario #healthcare
🍁 Maple Chronicles
CBC
Ontario scrapping sick notes to cut down on doctors' paperwork | CBC News
Ontario says it will force employers to scrap requirements for sick notes as part of an effort to cut down on paperwork for family physicians.
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Canadian municipality now requires a QR code
A Canadian town in the Gulf of St. Lawrence has become the first municipality in the country to officially require a QR code to enter and leave.
Officials say that the requirement of a QR code to enter or leave the archipelago Îles-de-la-Madeleine will only be for tourists, while residents will be required to show their driver’s licence to enter or leave.
🍁 Maple Chronicles
A Canadian town in the Gulf of St. Lawrence has become the first municipality in the country to officially require a QR code to enter and leave.
Officials say that the requirement of a QR code to enter or leave the archipelago Îles-de-la-Madeleine will only be for tourists, while residents will be required to show their driver’s licence to enter or leave.
🍁 Maple Chronicles
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