Canada's policy-makers need to work on economic growth: report | Power & Politics

The Coalition for a Better Future released its annual report on Canada's economy and found it had stalled and contracted on a per capita basis. The co-chairs of the coalition, former Conservative cabinet minister Lisa Raitt and former Liberal cabinet minister Anne McLellan, discuss the report.
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[@howtooshaner0196]

When CBC starts talking about it, you know it's not good.

[@carolinecoxfilm]

was thinking the same thing. haha

[@jasminhabeeb]

The biggest problem right now in Canada is everybody parks savings in real estate, 40% of Canadian GDP that a huge number. How can productivity increase in a country where 40% of your money goes to assets that don't generate any jobs. You don't need fancy economics to understand this country is doomed.

[@ohcanadaeh]

A country builds its wealth by trading with other countries. Building houses, buying/selling real estate to each other has very little impact on growing our economy. When eventually the economy is not growing and less jobs and opportunities are available in Canada ( we cannot all work for the government), the house that Canadian own won't worth much. Most people do not think about it.

[@sammavitae114]

The policy framework in Ontario entirely is skewed to real estate investment and in favor of landlordism i.e., builders will never release enough lots that would undercut their pricces/ profits , this results in scarcity pushing up rents.

[@jasminhabeeb]

@@ohcanadaeh exactly there was some hope if construction sector was hot, but in here everyone wants to trade in homes and nobody wants to make / produce more homes. This is Capitalism at its worst. Someone's got to do the dirty work.

[@marihutten]

I agree, two things happening here. Wealthy people with money to invest put it into real estate because there is not much business opportunity. Almost all industry in Canada have some type of protecting body that maintains the status quo of whatever company was there before. See telecommunications industry, see the dairy industry (you have to purchase and follow a quota, most other countries don't do this). People who aren't wealthy are struggling have been using up all of their income just for basic things and a few little comforts here and there (say, yearly trips to Caribbean) which are also slowly fading away with the cost of living. Jobs were generated because the recently landed immigrant had disposable income to open a little shop somewhere. Now not only don't they have 0 disposable income to open something of their own but also the cost of commercial space + all industries having some type of protection makes it worse to get in. So all that is left is just investing in real estate by purchasing the place you live in and maybe one extra for renting. There is very little, to no culture of lending or giving money to a family member to start a business. Man, it's easier for a clueless 18 year old to go to the bank and get 50k for a degree that won't get them anything than a 30 year old with a business plan. That says everything you need to know about why things are so wrong with Canada, and. I'd say North America in general.

[@beautanner8409]

Even if the housing sector were 'hot', the economy of a country cannot be based on an inert asset class. Acquiring land and making houses on it doesn't make an economy. And the fact that people's savings are 'parked' in real estate because they have no choice if they want to be able to afford a home. To help alleviate this, the cost of homes has to come down - we need to stem the primary factor feeding into that, which is currently record-breaking immigration. Then we need to build like never before for the next decade.

[@user-kv4kp4co1r]

The policymakers don't have time for that. They are all busy buying and selling houses to each other.

[@offbrandonbrand]

They're busy campaigning for the next election

[@JJs_playground]

Because all we do in *Canada is buy and sell Realestate to eachother.* I have 2 acquaintances that moved to Texas for IT jobs. Cheaper housing, no state tax and better weather. I have 3 other friends that have moved to Florida years ago and would never move back to Canada. And finally, an acquaintance that's a surgeon who moved to NYC.

[@xzcvdfxzc7256]

@@Viewpoint11 There's a tax treaty between the US and Canada. You get tax credits from the IRS for the CRA taxes paid. Effectively you're paying the higher of the two country's taxes, not paying taxes twice.

[@747Cone]

Move to Alberta. Good jobs, cheaper gas and goods, no PST.

[@JJs_playground]

@@747Cone but then you have to deal with the weather in Alberta. No thanks.

[@747Cone]

@@JJs_playground I think I see the pattern. Texas, Florida. You're looking for a warm place i.e. not Canada. Word of advice. I lived in NYC in winter, can get pretty brutal too. Stick to Florida and Texas or Cali for if weather is the primary indicator. Another warning though, all they do in Florida is also buy and sell real estate, they've been doing it for decades.

[@peej91]

Too much invested into real estate and in nothing else. What do you expect. Amazing conversation. The system is no longer worth paying into

[@ohcanadaeh]

Canadian prefer to carry a mortgage than going into the equity market to invest in private business/companies in Canada. They want the other guys to take the risks and invest so the home owners can all have jobs to pay their mortgage and eventually make a killing on their houses. How naive are they ????

[@Damazzzo]

Let’s keep talking about how bad things are for another 15 years.

[@littlethings8331]

When do you expect when you have an incompetent and corrupt government? The hope for young people in Canada is to get out of here asap. The living standard for a lot of young people and low income earners in Canada is even worse than some developing countries.

[@BlueHawk001]

Were the policy makers sleeping the last decade?! Look at the amount of unskilled labour in the country the past decade? On top of that, Canada stopped making things and their is too much government in everything. Canada will most likely lose 10th position in the list of countries for highest GDP’s.

[@elena2125]

It looks mores like policy makers have been sleeping for at least 20 years if not more. Lack of housing, unskilled labour, manufacturing completely gone, serious issues with health care, mental health care, poverty, unaffordability in almost every aspect of life. Things don't get this bad in one decade! Policy makers have been dreaming a lot in a very long, self induced sleep that has lasted a few decades at least.

[@JiggilySmash]

We're 22 if you compare GDP per capita.

[@itsjustramblings]

that's right, more skilled immigrants are not given matching opportunities, a lost opportunity and companies are too rilsk-averse.

[@albatrose1001]

Have you not checked the forecasts? Canada will barely be in top 30 economies by 2050. Indonesia, Brazil, Vietnam, India are all on track to be the biggest economies by 2050. India is on track to overtake US by 2050 and western countries are on track to lose their spots and go further down the list.

[@SushVohra]

A beautiful country, but even Canadians prefer to be tourists here. Many are in the process of becoming tourists and visit once an year or maybe never. The point is that the damage has been done and no one, if given an option will want to waste years here in the wait to see how Canada was a decade ago.

[@theNABILcompany]

Canadians would be proud of Canadian businesses if they weren't buried in housing costs. The lack of the policy makers addressing housing security is the root cause of this. The speaker mentions the Canadian pride during the Chretien administration, when Canadian cost of living was an eighth of what it is now, fix housing insecurity and you'll see how proud we all are of this great nation. Our policy makers have been failing us. There's no incentives for manufacturing, research and development to come here. The combination of the Trump and Biden administration are getting something done down south with MAGA and the inflation reduction act with massive investment moving back into the USA, what are we doing? Mexico is growing at an immense rate too, with massive investment in manufacturing infrastructure, a newly completed (almost) 1500km rail network. We need to do better!

[@roblong9728]

How about breaking up corporate monopolies and allow medium sized businesses to grow. Cut the corporate welfare and help Canadians who are struggling with better social funding.

[@892303001]

You think? People under 30 are never owning a house.

[@meh4770]

It’s the obsession with housing that got us here. This is about investment, productivity, entrepreneurship. The economy is not just housing.

[@bxnjxmxn2942]

I love that this is the top comment because my immediate reaction to this video title was “Yu think?” Lol

[@mikehennessy6766]

@@meh4770 if people pay too much for housing thats less money for them to spend at other places of bussiness thus hurting the economy

[@Sarahyangtoronto]

Not in Ontario or BC.

[@VictorHaley-gg7tt]

They're also not the nicest people.

[@Thatguy56117]

… it’s almost like CBC is about to make the connection.. come on buddy you can do it… almost there

[@johncam8420]

Only several years late.

[@annetoronto5474]

Almost there! 😂

[@justcheckin_in]

🤣

[@kraqa213]

Who would invest here? People invest in low regulation and low cost countries.....canada is none of those

[@beautanner8409]

Absent from this conversation was the important component of record-breaking immigration. In and of itself putting downward pressure on GDP per capita, but also a powerful disincentive for companies to innovate. This seems to be a key driver of the much-overblown cries of labor shortage that we keep hearing is the reason for this historic influx of people. Also absent from the conversation is the fact that this very dynamic is making property owners (especially older, long-time property owners) fantastically wealthy. The point was given a glancing blow when describing the gap in satisfaction between the younger and older generations, but it wasn't driven home. The fact is that we've created dangerously conflicting incentives within our society, and our government seems intent on feeding that fire as fast as it can be arranged.

[@2FLIPS3.5TWISTS]

immigration ruined Canada imo, kept wages so low and it benefits the uber wealthy, unvetted mass immigration is causing emigration of citizens we dont want to lose, we are losing quality born, raised and educated Canadians and trading them for 3rd world people we don't even know?

[@makeguyver8596]

As a 40 something creative person who's worked in the corporate/tech sector and retired, I cringe at the thought of being involved in the business world again. yet I have many ideas and creations that would benefit canada. As a proud Canadian I would happily gift ideas if I thought the country would be better off. Why not have a program that would allow people to patent for free and then license ideas to the government in exchange for recognition as the inventor or creator and a resonable compensation on the back end. Like a patriotic open source model for adding to the gdp.

[@argeldelacruz9545]

The fact that’s it’s been 40 years and everything is the same no growth no nothing.

[@drd4059]

I run an innovation company that produces about 0.25% of all "Canadian" patents. Raitt is right about the low volume of R&D in Canada at 0.6% of GDP. Most advanced economies are between 2% and 3%. Canada does relatively more basic research and less applied research so the patent numbers are even worse than GDP alone indicates. In the Harper era when Raitt served Canada produced 82 patents per million population and was slowly closing the gap with the US at 271 patents per million population. Within 6 months of Trudeau taking office, Canadian resident patents fell to 63 per million population and have remained in the cellar ever since. The reason is brain drain. In 2016 alone 22000 scientists and engineers left Canada (mainly to the US) for better pay, lower taxes, and cheaper housing. All were replaced (the total number of R&D personnel stayed at 240K) but the replacements are obviously not as good as the people who left (hiring for factors other than merit). The idea that just persuading a few big companies to invest in Canada is naive. Canadian innovation is low because the government is doing most things wrong. There is no quick fix even if a new government took power and corrected all of the current government's mistakes on day one (0% chance of happening) because the average gap between idea and first commercial product is 13 years. The innovation pipeline is nearly empty from 2016 onward, so medium term patent numbers are likely to trend downward even if better policy starts filling the early stage part of the pipeline.

[@ruis2345]

i'm pretty new here, what i can say is the stark difference through my job searching experience and that of US is just mind boggling.

[@bryceross7321]

COLOUR US SHOCKED

[@jptrainor]

It's old news for many of us. I'm glad they're catching up with the news, however.

[@jean1joseph]

what is going on here in my country.....we need a new government leader... this is enough..

[@mrchowk]

not much talk about the massive influx of new residents since 2021. GDP per capita is: GDP divided by population. New residents may not be as productive since they are settling in (argueably). The denominator increased way faster than it can affect the numerator.

[@jamiezhou5049]

You need diving newcomers as skilled workers and refugees.

[@annetoronto5474]

Too much money is being wasted on ESG and DEI .

[@avenuePad]

Dude. DEI is not the problem....

[@ShitWrangler]

@@avenuePad Didn't Earn It

[@davidk6264]

"more immigration, that always fixes everything" Government thinktank

[@cao6496]

Enviro and unions scare manufacture and hardware high-tech industry?

[@maxothegreatwheela]

What did I just witness on CBC lol

[@Kalifornia11]

Lol exactly, I'm amazed by this. Can we finally get a paradigm shift already, yeeeesh!

[@user-zt6gu1ph7c]

Thank you 😢

[@Mountain-Man-3000]

Yeah, been thinking moving to Norway might be a better idea than staying here with the way out government has become partisan and dysfunctional and people have become disillusioned with national pride.

[@haloepic3092]

In Norway everyone is at the same level. Meaning you can’t be rich and be tax as hell.

[@tfc92221]

Canada has been on a slow decline for the last twenty years. Too socialist as she mentioned, we attack profits Too much regulation Too protectionist, we do not allow american banks or telecommunication companies up here, and have a dairy cartel. This all limits innovations and growth in those sectors. And most Canadians view housing as the worthy investment in life, driving up housing costs, to where in America more people are willing to start or invest in companies We will not be a G7 country for long

[@shauncameron8390]

Canada = Argentina North.

[@test40323]

defn: GDP per capita is GDP divided by number of people. So if GDP growth is limited by BoC interest rate and the population growth is increased substantially in the low wage, low production value sector, isn't that another contribution to low GDP per capita? Is this a distortion or a valid issue or addressed in the report?

[@wildfrontierstories]

In Canada, there's more rules than people. Thats the problem 😕

[@vmtl4659]

Blame CERB for housing .. how many countless people took that living many people in one house that didnt have any savings and suddenly they all have down payment money available.

[@andrews6617]

Canada and Australia attract real estate speculators .. not entrepreneurs or companies. Both countries have way more people coming in than homes available. Easy money for the landed immigrant who only needs to be present in Canada for 3 out 5 year periods .I know many who say it's so easy. Canada .. the land of the landlords... how productive. You are so lucky Sean Fraser flooded the country. Bobo.

[@tfc92221]

100 percent, many americans and even immigrants to America would rather spend 100k for example on starting a company than buying a property. In Canada people have been trained to think buying a home is the only investment in life. its why young generations feel like Canada is done, when in reality they should vote in a goverment that wants to decrease regulation and than they should start busineeses

[@VictorHaley-gg7tt]

I can't believe how much money has been blindly given out while ut didn't benefit our country.

[@VictorHaley-gg7tt]

Every other person I speak to doesn't "speak English"

[@Kalifornia11]

Other than Shopify, name a big Canadian international brand.

[@shaannajac]

Lululemon

[@Kalifornia11]

@@shaannajac Oh ya, forgot about Lululemon, such a powerhouse what with the 1000's of Lululemon jobs

[@ManuFortis]

Thank you McLellan for bringing up a very important aspect to it all, that being the ongoing education aspect. If all the jobs are requiring skill sets and degrees that otherwise would have been trained for at those jobs in the past, then it falls to the worker to go get trained otherwise via the colleges and universities. That's all well and good when they do hire the people who go that route, but they don't always hire those people either. In some cases they start to expect higher degrees of skill than prior. Once again, all fine and good if they are willing to train up the people who at least showed the initiative to get pre-training somehow. But the goalpost just keeps moving upwards, and that's not sustainable. They've found the point essentially where skill set isn't keeping up to demand, because they aren't willing to invest into the ongoing training of the needs of that demand. I've had a job where the employer was willing to pay for ongoing education, provided of course it would be beneficial for work. Makes sense. I can now go and further my education working with power systems if I want to because of it. Maybe I should? But then again, what point is there in it if I am not at least guaranteed to be able to land a job. Not a job given specifically; just guarantee the money spent and time used to learn the skills isn't going to waste by not having a chance at any job. Because that's the situation we are in right now. We're skilled out on both ends. We have many very talented people, but also many who are fine with a simpler life, or just haven't gotten training somehow, etc and so forth. The people who were filling those positions before are retiring, and now these employers who had their way with demanding higher skills before are now finding they have to either start over with training people up somehow, or hiring out of country, etc; to fill those positions. And just to really drive the point home how out of whack it's gotten on the 'requirements' for some jobs... There are employers who have locations that can be easily walked to, transited to, biked to, all of these things; but they require you have a drivers license. Why? They simply want you to be at their beck and call, because with a vehicle you can technically get there faster. Even if you live a block away, they will still say no, but at this point it's because "Well, we say no to everyone else without one, so it would be unfair to say yes to you." Yes, I've gotten that exact line before. They are their own problem, and we are the ones who are feeling the worst of it, while they complain they are hardest done by. What makes it worse, is that a lot of this training is actually a tax write off for them, or will have some sort of rebate attached, etc. Depends on the situation, province, etc once again. But they do, all, have options. Heck, I've been denied a job while on EI, because the employer looking for a part time worker didn't know you can work on E.I. if at a part time job. Never occurred to him to maybe keep up to date on something like E.I. as an employer. So I wouldn't be surprised if others just have no clue these options exist for them to make use of. I ended up finding two part time jobs eventually after that, one first, while on EI, and then the second once my probationary period was passed on the first job; thus securing to some extent some level of employment. All completely legal, if done right, which I did. But again, some employers didn't know about that. So I wonder how much more they don't know about. And with the way so many seem to just flagrantly break labour laws here... I suspect there are many things they need an education on. Perhaps that would help increase our productivity... and thus GDP...

[@tristanlau1213]

"We should be proud of our private sector that is pricing gouging and underpaying us at the same time" Sure🙄

[@shauncameron8390]

No more than we should be proud of our government that is infantilizing and overtaxing us at the same time.

[@fallingpizza11]

Actually a really good discussion. Nice to have two people from different political parties have such a strong alignment on an issue.

[@ericyuan9718]

Most of my friends from high school and university work in the US, and I'm a loser still stuck in Canada. Started applying for US jobs recently. My wealth accumulation has taken a major hit for the few years I've worked in Canada compared to my US peers. It's not easy for a data analyst to find a job in the US right now, but I'm getting some encouraging signs. THERE IS NO FIXING CANADA. Asking Poilievre to fix 8 years of Trudeau and chronic problems (such as lack of investment) that were always pushed to the backburner even before Trudeau, is an extremely tall order. We need a Vivek Ramaswamy, or a Javier Milei type of leader. That man could be partially found in Maxime Bernier, but Canadians are not ready for such a radical, extremist man. Unfortunately, that is EXACTLY the shot in the arm that Canada needs right now.

[@marihutten]

So true, man. Things are SUPER hard for the Argentine. EXTREMELY hard. People complain of inflation here they have no clue what it is to truly suffer from inflation. But they are so fed up, and they have built a resistance to misery so they can fight this off until things get more stable for them, they're willing to sacrifice. Even with this much hardship Milei's approval rates are higher than when he was elected.

[@nonn8tive686]

We could have been pretty prosperous if we focused more on developing our energy sector but instead we decided to focus on buying and selling our own homes back and forth. The bag holders will be us Canadians when others decide to take their millions back across the sea.

[@marihutten]

OMG you literally said what I always thought. Canada is so resource rich in the energy sector. If we played our cards right we could be killing it now.

[@Pairofkingsup]

It is ridiculous that Canada has HIGHER taxes than the United States. It DOES NOT work that way. As a country with a less dynamic economy and a smaller population, we NEED to increase global tax competitiveness to encourage more international investment and retain Canadian talent. Take a look at Singapore, Hong Kong, they are smaller economies that leveraged a competitive tax system to fuel economic growth. Being beside the United States is our biggest advantage; we need to become the Singapore of North America, but with the current direction we’re headed we’ll end up more of an Argentina.

[@chrisdubs121]

Yea well I did a budget on building a house (I'm a trades worker) I estimated 140,000 for materials and labour. 100,000 on permits to build a 1 story house.... well my girlfriends a nurse so looks like I'm going to the states with her

[@easterntechartists]

growth NEVER comes from meddling policy makers. growth comes from attitudes of the people which are formed in freedom and capitalism. If anything, meddling bureaucrats destroy morality, growth, and prosperity. So the headline of this video is so so WRONG.

[@continentalmasters5432]

Try starting a small business and see the red tapes and taxes they dump on you

[@createone100]

Sure wish that Lisa Raitt was heading up the federal Conservative party.

[@Viewpoint11]

sadly, they only sound competent when they’re not in politics. When they’re in politics, they’re only worried about getting votes and they’ll do anything to get them. Including making hollow promises or campaigning on catchy slogans.

[@lominiski]

Why would private sector come because real estate is so expensive?

[@_SoundByte_]

Kudos to cbc news ...good step in the right direction

[@bobchan1666]

Carbon tax is part of the problem

[@michaellebreton4294]

A very small part , it's just a symptom . It is the attitude and values of the citizens that are dooming this country .

[@JessT-vg7ib]

The twelve tribes have been squeezing Canada dry.

[@coolanay]

you can’t do that in a place where the government is busy taxing and redistributing wealth

[@coolbuddydude1]

Why invest R&D in Canada, if there is no money to be made...

[@roblong9728]

BS, these companies want tax payer to cover expenses, they saw VW get 12 billion for a battery factory and won't invest unless they get some welfare checks themselves.

[@randymcmullen7220]

CEBA given back to Federal Government and NOW business insolvency UP 😮 and we wonder why Private sector are not putting back into Canadian business when government doesn’t support private sector in R & D

[@Michael-pg7rv]

These are some smart women. You should have them on more often.

[@fycfyc1]

Not surprising when the economy is heavily tied to a real estate bubble and skilled workers are leaving for better jobs/living conditions in other countries.

[@rodrigo56125]

Surprise surprise, what happens when you have Truedau as a CEO of our country!!

[@butwhytharum]

soooo housing debt is economic growth? glad im not contributing to the "economic growth" that is going into massive amounts of debt.

[@Kalifornia11]

How many times did you hear "Silicon Valley North" or "Hollywood North" in recent times? These were regular labels for Canada 10 years ago; now that position is gone.

[@nidhavellir]

Trudeau is patting himself on the back for this result.

[@TheMaxy4u]

Driving factor of productivity is motivation . Look at the gap in pay scale whilst drawing comparisons with US. Canada still pay antiquated salaries to its workers. Guess that is evident why productivity is low. You don’t need to be scientist or politician to understand the Simple reason

[@pirthos8806]

More carbon Tax and more money to Ukraine is the solution right ?

[@beebeedeeie]

im happy as a young person to see these two really taking their time in their work to do this it really means a lot for helping this for young people but Canada as a whole

[@sherinsabu2066]

There are so many intelligent opinions and suggestions in the comments section. If the government would just take the time to “ listen” instead of laying down (read imposing) one tax after the other and encouraging further speculation and driving up real estate prices without building more houses!!

[@ashleyathill1884]

Politicians …. It’s right under your nose 🌱

[@ryanvargus9456]

The disaster that is the Trudeau government needs to come to an end quickly for Canada's sake.

[@weizhang3032]

The government is shortsighted for long already, to set an example. They look at practicality and funded applicable sciences way more and left fundamental sciences underfunded for over a decade.

[@ktefccre]

🤔🤔🤔 i thought we were growing too much which was why they hike interest rates to cool down the economy

[@oceancape]

This is such an important conversation. Good for Ann & Lisa for bringing this to our attention. Canadians are depressed and worried. Housing is in a Justin Trudeau induced crisis with no hope of a return to affordability in the next decade. IN 2025 The Federal Liberals are introducing a new building code that will >$ 50,000.00 of cost per single family home.

[@Headinavise]

I have been investing in TSX junior mining companies for years. Many small mining companies exploring in BC have been in an endless permitting cycle. Every year the ministry has a meeting and asks for more information. This means year after year a small company operating on raised money by retail shareholders can not generate any revenue for another year. How long can a company be expected to stay running with no revenue. In Canada government kills investment. Liberals and NDP governments are anti mining. That is absolutely clear. Resource rich Canada is supressed by these debt ridden governments and they are bringing use all down to a 3rd world status.

[@bayardo]

I wonder why this is happening? geez

[@thelefteyeguy]

private sector aint investing because of high taxes...

[@jaek8489]

Lower the tax so that private sector can do the job! It’s illusion that the gov needs more money to invest in well fare and security. How many hours you have to wait to see a doctor when you go to ER? What the police do all day is to give people tickets (tax). They can’t even prevent the simple car theft criminals. What the gov is really doing? Canada is uninvestable from international standpoint.

[@001sander2]

At least the mainstream is beginning to put more emphasis on GDP per capita. We need bold leadership to declare that neoliberalism is a failed project and I think we're a long way from that.

[@victorlee2398]

But Trudeau believes giving out grocery rebates through money printing will increase grocery supply. And Canadians love this idea.

[@josered7986]

We‘ve been going in the wrong direction since 2015.

[@avenuePad]

Try 1975.

[@shauncameron8390]

@@avenuePad When Justin's step-father was in charge.

[@avenuePad]

@@shauncameron8390 Well, I'd say the most harm was done during the Reagan/Thatcher era in the 80's. In the 70's there was the global oil crisis, which is why I said 75. Mulroney was towing the Reagan line like a good boy. Things actually started to really unravel in the 80's.

[@shauncameron8390]

@@avenuePad Reagan and Thatcher fixing the mess that Carter and Wilson left behind.

[@geezertooth2652]

I would love to know what the real job numbers are. I don't think someone working through a temp agency or for the government should be included in the job numbers. The fact that most new jobs are created by the government tells me that the GDP numbers are much worse. Also, I won't be surprised when the numbers are updated and we discover they were much lower

[@dougiep2769]

Bay Street is gonna get slammed. Nothing on the stock market is kosher after the government has thrown so much cheap money into the economy with the b.o.c help. Not a word from tiff till long after it was way to late

[@nickjohnston3882]

What's the motivation for launching a small venture when real estate seems like the only sure path to wealth? The alternative is a government job with a secured pension, but Canada's tax system feels like we're taxed on taxes, not encouraging entrepreneurship. Elon Musk, a former Canadian citizen, left for the US where opportunities and talent thrive for greater success.

[@gerhartleischner9806]

If its not green its not clean. Unbelievable amount of regulatory policy, often connected with climate change, that’s discouraging every aspect of the economy & scaring away investors.

[@jccarriere3719]

Justin is not a good Leader for Canada. His priorities are all over the place, but not in business.

[@jptrainor]

No scheet.

[@Headinavise]

ATCO electric lays people off in Alberta. 15 to 25 year employees are laid off to reduce expenses to appeal to shareholders. Many employees were shareholders. How can people be productive when they are at home collecting EI ? These people just talk ...nothing changes.

[@MM-xg2td]

Economic growth cannot come until interest comes down, be ready for a big recession.

[@TehPwnerer]

Kids 14-18 are always in a crisis.

[@alessandrosilveira9009]

This is what must be a priority one and followed by education + Healthcare system... Please ! Let's looking for our internal big problems first instead of trying to show up by solving external issues.

[@ahsrahoar]

Gee I wonder why this is

[@Snookyboo]

2:22 sounds like people are tired. Seems like there was rapid economic growth which can overwhelm the workers and possibly hinder productivity despite high indications of economic growth.

[@lominiski]

haha get anything built.....I tried that when doing my engineering master in the 90s. There is not much of industry then, then mexico came and China. It is impossible.

[@Buckshot99]

Its inane to leave this government in charge. Canada is headed down a dark path with carbon taxes and the electric vehicle mandate.

[@sithumsamaraweera360]

FFS the Singaporean Dollar beat the Canadian Dollar. Do something, Save our Dollar.

[@user-gt6ks3nf2s]

Trudeau doesn't think about monetary policy, he is self righteous and couldn't care less about Canadians who are suffering.

[@Viewpoint11]

I 100% agree with you, but Pierre is not gonna be the saviour that flicks the switch and saves Canada that people think he’s going to be

[@lizliz4186]

If Lisa Rait is part of the solution, we'll never fix it.

[@aaronneil777]

When you have such an expensive economy, where rents (house and car payments, cost of food) are becoming sky high for the average labourer/wage earner, why would industrial Capital ever invest here as opposed to China or South East Asia? Sure we could cut labours wages in order to promote investment, but then labour would barely survive. The solution is to legislate away and regulate financial capital, so that the economy becomes a low cost economy where labour can make a living at a low cost, encouraging industrial investment that produces real things, as opposed to financial instruments and housing bubbles.

[@timeverson728]

Actually you are wrong we live in Canada not the middle east or Ukraine. Keep sending those big donations though.

[@timeverson728]

Keep the wef out of things and things would be a much better

[@ChrisKGallon]

This isn't newsworthy. If our Prime Minister knowingly made more of a debt than any other PM since the beginning of Canada combined in 2021 and 2022, and hands out billions to random countries instead of paying your debts, how can you possibly be surprised that if we don't have a bigger GDP we couldn't have borrowed any of that money and handed it out. The fed knew what it was doing, there is no surprise. If you don't pay people more, our GDP is low. If you farm people just for wanting a home, they'll leave. If your countries shares are owned at 48% by retail, we're going downhill. Your victims are not to fault for your choice to impoverish 8 generation of Canadians for a fistful of dollars.

[@maritimer3027]

Trudeau’s fault!

[@Viewpoint11]

I agree with you, but Pierre’s not gonna do any better. He’s not gonna be the saviour people think he’s going to be.. He’s not gonna be flicking any magic switch to make everything better.

[@maritimer3027]

Probably not but Trudeau shouldn’t be allowed to keep his job with the shortcomings that he himself and his incompetent band of fool’s display daily to the Canadian electorate! Scandal after scandal! Billions Of dollars missing and unaccounted for! That’s ? 000 000 000’s and all the while all our institutions and social services are in shambles drug use is soaring organized crime is rampant and he keeps stumbling and performing miserably in all aspects of his job. If he had a ounce of integrity he’d just go away for the sake of the country. Especially with his polling numbers and they aren’t going to get any better. It’s time for him to go.

[@maritimer3027]

@@Viewpoint11 I answered you in a clear concise manner and low and behold it wasn’t posted. CBC really does take down posts criticizing the Trudeau regime . I hope Poilievre does defund CBC because it’s as corrupt as the Liberal government it protects.

[@maritimer3027]

The guy is the worst thing that has ever happen to this country!

[@Viewpoint11]

@@maritimer3027 it's only because you're new to politics and social media wasn't around when other PMs were around. It's so easy to be brainwashed these days. I'm not saying it's an excuse but these days everything is under 20 microscopes and built with their own twisted agenda. I'm not defending JT because i don't like him but he is the first to be this scrutinized on this level. If you look at all the PMs before him the did some pretty crap things as well but is wasn't broadcast with so many brainwashing devices and apps. Just to put into perspective. PP is going to have the same problem unless he decides to block all media. All PMs are garbage and this selection of candidates is just crap

[@ColinBunston]

Inflation is not completely out of control of the government. If we were more productive as a nation with less red tape to allow business flourish and invest here that could help alot. Produce more than you bring in and have lower unemployment rates. As well another big part is the more money you print and spend as a government you create inflation. The government can do alot to make stanard of living better. This governemnt has done record spending and increased debt that is entirely unnecessary. Taxes will have to go up to pay this sky rocketing debt we can't sustain forever. And by hiring more government employees waybeyond what private sector is, is not a good guage of increased employment levels and increased GDP.

[@stevekontis8992]

If you vote for a leader that openly stated that he has no interest in monetary policy and believes that budgets balance themselves, what did anybody expect. If people work hard only to see their income plundered by taxation aimed at the perpetual pursuit of photo ops and vote whoring, why be productive. All Canadian taxpayers see is incompetent and irresponsible overspending. While Canadians are waiting in line at food banks for a meal and living in tents or cars, the government announced an increase in taxes. The timing is also perfect, carbon tax increase on April Fools; the Canadian fools will pay it. The fact that taxes were, are, and always will be inflationary eludes the geniuses of government. If fiscal policy is overtax overborrow and overspend, it will only get worse. When clowns vote for clowns you inevitably get a circus.

[@tfc92221]

Liberal-Tory Same Old Story Canada has been on a slow decline for the last twenty years even under Harper, just Trudeau has drastically sped it up Too socialist as she mentioned, we attack profits Too much regulation Too protectionist, we do not allow american banks or telecommunication companies up here, and have a dairy cartel. This all limits innovations and growth in those sectors. And most Canadians view housing as the worthy investment in life, driving up housing costs, to where in America more people are willing to start or invest in companies these all happened under both parties PP wont change it We will not be a G7 country for long

[@kevinbeausoleil8104]

What???? You mean our dearly beloved drama dictator isn’t growing the economy??? I don’t believe it!

[@socksrwooly]

Crop prices are record low....

[@JiggilySmash]

That's not true. Check historical charts for grain, corn, meat, soybeans, etc. They're all elevated and even the lowest ones are still above levels seen before 2020. Most food prices have increased by 50% over their averages from four years ago and remain at these levels. Yes, many of them are at lows for the year, but that's still 50% above what they used to be.

[@socksrwooly]

@@JiggilySmash right now our crop prices are the same as 1973. And they have been for a while. Do you know why crop prices are low? High saturation

[@JiggilySmash]

@@socksrwooly where are you finding this? Which crops?

[@canadaclub8920]

Private sector failed to deliver

[@shauncameron8390]

Because the government overtaxed and regulated them to ineffectiveness.

[@alexiapucci4482]

OR, just vote in a new gov.

[@Viewpoint11]

you really think that things are gonna get better under PP? He’s not gonna flick a magic switch, and things are gonna be affordable again. I’m not for JT at all but thinking a different government is going to make things better is a bit delusional.

[@alexiapucci4482]

@@Viewpoint11 You are right, keep voting for the same destructive gov. That is what is delusional.

[@Viewpoint11]

@@alexiapucci4482 Right now I don't know who i"m voting for. Right now, everyone is crap. But good conversation.

[@tfc92221]

@@alexiapucci4482Liberal Tory same old story. Both are usless and out of touch. Look at the moron ford in Ontario, Ontario is just abit higher in productivity/per capita of the bible belt state, and he is supposed to be MR businessman pro growth Canada has been on a slow decline for the last twenty years. Too socialist as she mentioned, we attack profits Too much regulation Too protectionist, we do not allow american banks or telecommunication companies up here, and have a dairy cartel. This all limits innovations and growth in those sectors. And most Canadians view housing as the worthy investment in life, driving up housing costs, to where in America more people are willing to start or invest in companies All this happened under Harper as well We will not be a G7 country for long