Canada's standard of living is falling behind the rest of the developed world

[MAPearce]

We do virtually no manufacturing of our own, vast majority of that manufacturing we do is owned elsewhere.

We used to. Steady relaxing of international trade barriers have made it easy for Canadian manufactures to outsource jobs to places where the cost, and standards, of living are lower.

Are you purposely forgetting to mention union greed ? They do tend to drive the cost of EVERYTHING through the roof with unreasonable socialist demands ....

[steven lloyd]

We used to. Steady relaxing of international trade barriers have made it easy for Canadian manufactures to outsource jobs to places where the cost, and standards, of living are lower.

The especially dull-witted will try and blame unions.

[The Green Barbarian]

We used to. Steady relaxing of international trade barriers have made it easy for Canadian manufactures to outsource jobs to places where the cost, and standards, of living are lower.

The especially dull-witted will try and blame unions.

and the even more dull-witted will give unions a free pass.

[Patron]

We used to. Steady relaxing of international trade barriers have made it easy for Canadian manufactures to outsource jobs to places where the cost, and standards, of living are lower.

The especially dull-witted will try and blame unions.

[GordonH]

The especially dull-witted will try and blame unions.

and the even more dull-witted will give unions a free pass.

Finger pointing usually doesn’t help answer questions.

If companies are unable to compete with their worldwide competitors, it usually results in the company goes up for sale or closes its doors. Bigger operations have a 3rd choice that is move to were they are able to produce their product at competitive prices.

[The Green Barbarian]

The especially dull-witted will try and blame unions.

[ferri]

[fluffy]

Energy Corps Reaping Super-Profits While Canadians Suffer

"Since inflation reared its head in 2021, workers and consumers have been attacked on multiple fronts. On average, workers have seen their real purchasing power eroded by prices outpacing wage growth. Meanwhile, the response to inflation from the Bank of Canada has in many ways exacerbated the cost-of-living crisis. Although interest rate hikes haven’t engineered the levels of unemployment many anticipated, they have nevertheless added cost pressures in the form of higher payments on debt, including mortgages.

Governments have largely failed to meaningfully act to cushion the blow of rising prices, let alone address the sources of the problem. This inaction has been all the more maddening in the face of what many have characterized as either “profit-push” or “cost-push” inflation. To put it simply, critics on the left have demonstrated throughout the inflationary crisis that corporations were imposing higher prices on workers and consumers. Some firms, moreover, were using inflation as an opportunity to increase profits.

Over the past couple of years, this argument has travelled from the fringe to the centre of mainstream commentary. In July, we received additional confirmation that the “inflationary profits” explanation was largely correct.

At the end of the month, researchers at Statistics Canada published a report looking at the profitability of “key Canadian industries” from 2017 to 2022. Between the second quarters of 2021 and 2022, inflation exceeded the Bank of Canada’s upper band of 3 per cent, averaging 6.8 per cent in 2022 and peaking at 8.1 per cent in the summer of that year. The new StatCan report offers a comprehensive look at the profitability of non-financial corporations in Canada from the years before the pandemic through the post-COVID inflation."

>snip<

"There we have it in a nutshell. Energy corporations have effectively been allowed to reap super-profits as the vast majority of Canadians are left to manage a cost-of-living crisis.

And what has been the response of policymakers? Tinkering around the edges with highly targeted tax rebates and laughable rental supports, while the Bank of Canada jacks up interest rates, which have made matters much worse by increasing the costs of housing through higher mortgage interest payments (which can also be transferred to tenants in the form of higher rents from landlords).

We shouldn’t allow the economic consequences of this policy failure to be forgotten. Millions of workers faced — and continue to face — a compounding cost-of-living crisis. While there is some evidence that a fightback has been underway since 2022, workers and unions have a long way to go to begin to regain what was lost in the post-lockdown inflation."

https://www.readthemaple.com/energy-cor ... newsletter

[George Orwell 1984]

We shouldn’t allow the economic consequences of the government’s policy failure on the cost-of-living crisis to be forgotten.

[Gone_Fishin]

Millions of workers faced — and continue to face — a compounding cost-of-living crisis

As long as we have Trudeau and Singh, who are wealthy elites, siphoning wealth from the working class and filling their rich friends' pockets, we're locked in a CoL death spiral to nothingness.

Time for a Common Sense government that will cut our tax burden, give us powerful paycheques and lower prices - your home, our home, let's bring it home!

[Saviour]

The Canadian Government has been selling out our economy and nation for well over half a century, the current Government is only continuing the tradition and any new Government in the future will ensure that tradition remains Canadian as hockey and maple syrup.

[fluffy]

^^^

[George Orwell 1984]

^^^^^ so how’s that working out for your standard of living ( insert facepalm here)

[Jlabute]

The current Liberals are the most expensive Government ever. Trudeau gave away more than $1B in covid vaccines to other countries, hasn’t accounted for mountains of waste including $4.6B in over-payments. Taxes are too high and multiple inflationary carbon taxes punish everyone for Trudeau’s lack of responsible spending. Even without covid spending, the Liberals hit new heights in spending.

Toronto is out of money, but still want to go ahead and spend $8.6M to change Dundas St name. This us a sign of their sickness. After spending the mist money ever, we are left with a sad economy, and cancelled infrastructure projects.

Trudeau socks!

https://nationalpost.com/news/politics/ ... an-history