Imagine it’s 2030. Prime Minister Justin Trudeau Singh gives this uplifting speech in Parliament.

⁉️Is this what the future will look like?

#Trudeau
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Majority of Canadians believe Liberals' immigration targets are set too high: poll

Most Canadians believe the Trudeau government’s immigration plan is admitting too many people.

65 per cent of Canadians believe the Liberals’ current immigration targets are too high. The government has a target to bring in 500,000 newcomers in both 2025 and 2026. The poll found 20 per cent of Canadians believe the target is the right number, while three per cent believe it is not enough.

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🎓International student enrolment has dropped below federal cap, universities say

Universities Canada says enrolment by students from outside Canada has fallen below the cap the federal government set on international student visas this year.

The immigration minister announced a cap in January as a way to quell the rapid increase in the number of international students, citing pressure on housing, health care and other services.

The new policy limits the number of student visa applications the government would accept into processing, and it’s expected that will result in a 35 per cent drop in the number of students in 2024 compared to last year.

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#TwoTierKeir production 👌🥳

📉Canada household spending per person falls at recession pace

Household spending per person in Canada is falling at a pace only previously seen during recessions. After adjusting for inflation, the measure fell 1.3% in the second quarter from the year before.

Since the 1960s, spending has declined faster just four times, bottoming out in 1982, 1991, 2009 and 2020. Those years were all marked by deep economic downturns.

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Trudeau tries to talk to working people and bribe them with donuts. It doesn’t go according to plan.

#Trudeau
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🎓International students allowed to work 24 hours a week

International students in Toronto will be adversely affected by a new federal rule that says they can work up to 24 hours a week off-campus when school is in session, students and advocates say.

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- How was it like to integrate yourself with the Canadian culture?

- First I came to Brampton, it’s pretty much like India.

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🏦 Bank of Canada poised to cut rates again in widely anticipated move

The Bank of Canada is widely expected to cut interest rates for the third consecutive time on Wednesday and continue its process of bringing down borrowing costs.

Economists and investors are nearly unanimous in predicting the central bank will lower its benchmark interest rate by a quarter percentage point to 4.25 per cent, followed by several more reductions over this year and 2025.

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❗️Gunman films attack on musician’s Vancouver Island home.

Feel safe?

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🇦🇺Canadian woman charged after $12.3M of meth allegedly found in luggage

A Canadian woman was charged after an estimated C$12.3 million of meth was allegedly found in her luggage in Australia.

The 24-year-old woman appeared in a Brisbane court on charges of allegedly importing 14.4-kilograms of methamphetamine into Australia. The woman potentially faces a maximum penalty of life imprisonment.

#Australia
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Trust me, you don't want to see the comments under this post.

How many times do you have to tell Trudeau it's time for him to go before he'll actually listen? 100 times? 1,000 times?

#Trudeau
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🇨🇳💰China launches anti-dumping probe into Canadian canola imports in retaliation for EV tariffs

Two years after China lifted a ban on Canadian canola imports, Beijing is launching an anti-dumping investigation into the crop, after Ottawa’s imposition of tariffs on Chinese electric vehicles.

The Chinese Commerce Ministry said exports of Canadian canola – also known as rapeseed – had risen 170 per cent year-over-year amid a “continuous decline in prices,” which it said is evidence of potential dumping behaviour, whereby imports cost less than products on the domestic market, harming local producers.

#China
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Safe injection sites, you say?

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Ottawa approved sharp spike in large corporate writeoffs last year

The federal government approved a sharp spike in large corporate writeoffs last year, with 11 companies receiving $1.2-billion in combined writeoffs for tax debt and other financial obligations, new figures show.

The 11 companies accounted for nearly a quarter of the $4.9-billion in writeoffs approved last year, which covered a 1½ million cases of corporate and individual writeoffs.

Citing privacy reasons, the Canada Revenue Agency is not identifying the businesses and individuals who had their debts waived. The CRA can write off debts owed to the government for a wide range of reasons, such as bankruptcy, extraordinary circumstances or financial hardship.

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💸Canada's 10 worst natural disasters totaled C$30 billion in annual insured losses

Insured losses from natural disasters averaged C$2.2 billion ($1.63 billion) a year over the last decade, far exceeding the previous decade's average of C$632 million, according to the IBC, which expects escalating losses to continue.

The wildfire in Jasper this year surpassed C$880 million in insured damages, according to initial estimates, IBC said last week.

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Recent Angus Reid poll.

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❗️Jagmeet Singh breaks the supply and confidence agreement and will no longer prop up the Liberal government.

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🏦 Bank of Canada cuts key interest rate to 4.25%

Bank of Canada Governor Tiff Macklem confirmed a third consecutive interest rate cut on Wednesday. The 25-basis-point cut brought the central bank’s benchmark interest rate to 4.25 per cent.

If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate.

Macklem added.

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✈️Air Canada offers pilots 30% pay boost as strike deadline nears

Air Canada has offered to boost the pay of more than 5,000 pilots by about 30 per cent within the next three years, according to people familiar with the matter, as it seeks to prevent a strike.

Pilots at Canada’s largest airline would received a minimum 20 per cent increase up front, followed by annual raises over a three-year period, said the people, asking not to be identified because the discussions are private. Pilots with one to four years of service would receive more, the people said.

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