🍁 Maple Chronicles

Canadian households now the third most indebted in the world

Canadian households have been on an epic borrowing spree. At the start of 2020, they interpreted record low rates as a signal to borrow as much as possible, as fast as they could. From Q1 2020 to Q1 2024, household debt climbed a whopping 25% higher. Two-thirds of the accumulation occurred before the first rate increase in Q1 2022.

The debt surge helped put households amongst the most indebted in the world. They now owe over 100% of GDP, making Canadinan households the third most indebted in the world, and the most indebted of any G7 economy. It’s only beat by Australia and Switzerland.

🍁 Maple Chronicles

😄Calgarians respond to news that Justin Trudeau will not be coming to the Calgary Stampede.

#Alberta #Trudeau
🍁 Maple Chronicles

Poilievre’s Conservatives spent more than 20 times as much on ads as Trudeau’s Liberals in 2023

Newly released financial statements show the Conservative Party spent $8.5 million on advertising in 2023 — more than 20 times as much as the governing Liberals, who spent just over $380,000.

Do you think liberals will use this as an excuse for their failures?

🍁 Maple Chronicles

Canada's unemployment rate rose to its highest level in more than 2 years last month

The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.

In its monthly labour force survey report, the agency said the unemployment rate came in at 6.4 per cent for the month, up from 6.2 per cent in May, as the size of the labour force grew.

🍁 Maple Chronicles

📝Majority want public release of names of MPs accused of foreign interference, poll says

Most Canadians surveyed want the public release of the names of MPs accused of foreign interference, according to a new poll.

Sixty-eight per cent of those surveyed want the disclosure of the names and for the elected officials to have an opportunity to publicly explain their actions, according to a Nanos Research survey.

Meanwhile, 28 per cent say implicated elected officials should have a chance to explain themselves before the inquiry into foreign interference led by Marie-Josée Hogue.

🍁 Maple Chronicles

🪖Trudeau headed to Washington for NATO summit. What to expect

Prime Minister Justin Trudeau is expected to arrive in Washington, D.C., on Monday to mark the 75th anniversary of the NATO military alliance.

#US
🍁 Maple Chronicles

🏠Nearly 40% of new Canadians are considering moving due to housing costs

According to the poll, 28 per cent of Canadians overall are considering leaving the province that they reside in due to soaring housing costs. Most live in either Ontario (39 per cent) or British Columbia (36 per cent), where high housing costs have persisted for longer compared to other regions.

Across Canada, 42 per cent of 18- to 24-year-olds say they are considering moving from their current province. According to the poll, renters are more likely to consider moving than those who own their dwellings with or without a mortgage.

#housing
🍁 Maple Chronicles

💸Gold stolen in Toronto airport heist now likely overseas, police admit

Peel Regional Police have quietly conceded that millions in gold stolen from Toronto Pearson Airport in April 2023 was likely quickly smuggled out of Canada to the Middle East or South Asia.

We believe a large portion has gone overseas to markets that are flush with gold. That would be Dubai, or India, where you can take gold with serial numbers on it and they will still honour it and melt it down…. And we believe that happened very shortly after the incident.

lead investigator Det. Sgt. Mike Mavity told members of the Peel Police Service Board during a June 21 meeting.

🍁 Maple Chronicles

🪖🇨🇦🇺🇸U.S. plans to press Canada, other NATO allies at summit to meet 2% spending targe

Michael Carpenter, a White House national-security official, said Monday that alliance members will hold countries’ “feet to the fire” if they have not yet fulfilled their decade-old pledge to spend 2 per cent of GDP on the military.

Another U.S. diplomatic official said there has been debate in the administration over how aggressively President Joe Biden should press the issue with Prime Minister Justin Trudeau. Part of the discussion is whether to shame Canada publicly or keep it private, the source said.

#US
🍁 Maple Chronicles

🚫💰Saskatchewan wins injunction to block CRA from collecting carbon tax

The Saskatchewan Party says its application for a court injunction to stop the Canada Revenue Agency from collecting the federal carbon tax from the province has succeeded.

The court ruled in our favour, blocking the federal government from unconstitutionally garnishing money, pending the full hearing and determination of the continuation of the injunction by the Federal Court.

Bronwyn Eyre, the provincial justice minister and attorney general said Monday.

Eyre said garnishing a provincial bank account violates Section 126 of Canada’s constitution. The issue will now go a full hearing.

#Saskatchewan
🍁 Maple Chronicles

Trudeau on his way to get spanked at the NATO summit.

By the way, who's he waving at?

🍁 Maple Chronicles

✈️ Canada’s ambassador for climate change racks up travel expenses

Canada’s ambassador for climate change has charged $254,000 in travel expenses in less than two years on the job.

🌍According to Blacklock’s Reporter, from day one Catherine Stewart went on international trips including to Abu Dhabi, Amsterdam, Bali, Beijing, Bern, Brasilia, Brussels, Cairo, Copenhagen, Delhi, Florence, Geneva and Helsinki. She also visited Istanbul, Kinshasa, Leipzig, Lisbon, London, Milan, Mumbai, Munich, New York City, Paris, Rome, Sao Paulo, Sharm El-Sheikh, Vienna, Washington and Zurich.

Expenses included business class airfare, and she travelled by air even when train service was available.

This is what climate emergency looks like!

🍁 Maple Chronicles

At the Calgary Stampede

People are heartbroken that Trudeau didn't make it this year.

🍁 Maple Chronicles

🍗KFC Canada is going viral after customers are realizing the popular fried chicken chain has been serving halal meat for the past two months.

#BoycottKFC is trending on social media with screenshots of a statement by KFC Canada dated May 8 detailing plans to introduce inclusive menu options.

The American fast food chain collaborated with its KFC Canada Muslim team to include halal menu options as of May 15 across all KFC Canada stores in Ontario, except Thunder Bay and Ottawa.

Additionally, the restaurant has discontinued pork products at all locations except those co-branded with Taco Bell.

🍁 Maple Chronicles

💸 Trudeau’s ‘thought crimes’ bill would create $200 million in new bureaucracy

Conservative leader Pierre Poilievere says he would repeal Prime Minister Justin Trudeau's Bill C-63, the Online Harms Act, after learning it would cost an additional $200 million for government employees to monitor alleged "hate crime offenses" according to the latest report from the Parliamentary Budget Officer.

Half of them no doubt being 'hate messages' criticizing Trudeau.

The bill has passed first reading in the House of Commons but could potentially die on the order paper before the next federal election, slated for October 2025.

🍁 Maple Chronicles

Streaming giants file court challenge against CRTC over forced subsidy of legacy media

A group of U.S. streaming companies have asked a Canadian court to halt their financial obligations under the Online Streaming Act, which would force them to fork over 5% of Canadian sales to support Canadian news broadcasting.

The request was made by the Motion Picture Association Canada, an industry group representing major American companies who produce and distribute content in Canada, specifically Netflix, Walt Disney, Warner Bros. Discovery, and Paramount Global.

What's really striking is that no matter how inconvenient it is for big corporations, they still won't leave the Canadian market. Watching the battle unfold.

🍁 Maple Chronicles

🪖Justin Trudeau called out by Americans over failure to hit NATO spending target

Discussions continued Tuesday over how Canada could demonstrate a timeline to hit the higher defence spending target — something that would require Ottawa to devote billions of extra dollars to the military.

The source, who spoke on condition of anonymity, said Canada’s failure to hit the NATO target came up in meetings Trudeau held Monday and Tuesday with American politicians, and that the government was aware that Canada is being “called out” for falling short.

The spanking continues. The US needs Canadian tax dollars to fuel the military industrial complex or it will all collapse. Canada can barely support its own army, what more do you want?

🍁 Maple Chronicles