Data shows Canadian middle class shrinking in big cities

[Anonymous]

Trudeau is making it worse with mass imports of refugees, carbon taxes, no pipelines. and foreign aid among other garbage.

Middle-income earners in Canada are under growing pressure. Nowhere is that more clear than in large cities like Toronto and Vancouver – where the gap between rich and poor is growing. And as Eric Sorensen reports, middle-income neighborhoods are feeling the squeeze.

https://globalnews.ca/video/4049223/data-shows-canadian-middle-class-shrinking-in-big-cities">https://globalnews.ca/video/4049223/dat ... big-cities">https://globalnews.ca/video/4049223/data-shows-canadian-middle-class-shrinking-in-big-cities

[Anonymous]

And there's some thing else IHJ.....Canadians are living beyond their means.



Canadians are the most indebted in the world, OECD says, as it warns on rising debt risk

Consumer debt tops 100 per cent of gross domestic product in Canada

http://business.financialpost.com/personal-finance/debt/canadians-are-the-most-indebted-in-the-world-oecd-says-as-it-warns-on-rising-debt-risk">http://business.financialpost.com/perso ... -debt-risk">http://business.financialpost.com/personal-finance/debt/canadians-are-the-most-indebted-in-the-world-oecd-says-as-it-warns-on-rising-debt-risk

[Wazzzup]

You're going through your equivalent of our Obama years.

[Anonymous]

You're going through your equivalent of our Obama years.

We used to be number one under Stephen  Harper. Now good blue collar jobs with wage increeases are heading South. Trump gets the credit and Justine the blame.



Canada's middle class richest in world: report

at the top of the list sits Canada, according to the Times, where median income for a family of four is more than $75,000 a year after taxes, up more than 20 per cent from the beginning of the last decade.



The median income in the United States meanwhile hasn't budged over that time—sitting at $75,000 (adjusted for inflation).



Canadian middle-class wages drew even with U.S. mid-level earnings in 2010, the report says.

https://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/">https://globalnews.ca/news/1284297/cana ... ld-report/">https://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/

[Anonymous]

You're going through your equivalent of our Obama years.

We used to be number one under Stephen  Harper. Now good blue collar jobs with wage increeases are heading South. Trump gets the credit and Justine the blame.



Canada's middle class richest in world: report

at the top of the list sits Canada, according to the Times, where median income for a family of four is more than $75,000 a year after taxes, up more than 20 per cent from the beginning of the last decade.



The median income in the United States meanwhile hasn't budged over that time—sitting at $75,000 (adjusted for inflation).



Canadian middle-class wages drew even with U.S. mid-level earnings in 2010, the report says.

https://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/">https://globalnews.ca/news/1284297/cana ... ld-report/">https://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/

I knew our middle class is not doing as well today as they did five years ago.

[Anonymous]

It's not a bad idea at all to get more bitumen in pipelines. However, it's like putting a Band-Aid on someone after stabbing them 4 or 5 times.

Okay, so let me see if I've got this right: After three years of raising taxes on oil companies and everyone who works in the patch (plus just about everyone else in Alberta), after the carbon tax, a 50 per cent increase in the tax on large industrial emitters, the coal shutdown, the hard cap on oil sands emissions and a pile of other red tape and regulations on the oil industry, the Notley government announces $1 billion in grants and loans guarantees for bitumen upgraders and we're all supposed to be blown away by their commitment to Alberta's energy industry.



By modest estimates, Alberta has lost between $30 billion to $35 billion in oil and gas investment since the NDP nightmare began in May 2015, and now the Notley government wants Albertans to be grateful that it is putting $1 billion back into the industry – spread over eight years.



Without doubt, much of the lost investment was due to the downturn in world oil prices and to the fact that we cannot get pipelines built that will take our oil to international markets – neither of which is the fault of the NDP.



But it's not as if we are losing out to developing countries in the investment race.



We certainly are losing out to places such Egypt and Kazakhstan and Tanzania.



But mostly we are losing out to those jurisdictions that are the most like Alberta: Texas, Oklahoma, North Dakota. We are losing out to places where the geology and the financial landscapes are very similar to Alberta. Often in the past, when they've boomed we've boomed, too.



But we are being passed by now, while they surge ahead, in large part because our New Democrats have been operating under the ridiculous belief that if we could just beggar ourselves with environmental regulations and taxes, we could buy "social license" that would cause "green" politicians and environmentalists to grant us permits to build pipelines.



And after that strategy has turned out to be such a spectacular failure, the NDP think Albertans can be bought off with an investment of $125 million a year for eight years to "diversify" our oil and gas sector.



The industrial goal of the Notley government's diversification strategy, released Monday is sound. Indeed, it's clever and practical.



Get a few upgraders built that don't fully refine oilsands bitumen, but rather upgrade it part way. That reduces the need to add diluent to the bitumen, which means more bitumen can fit down a pipeline and there is no need to remove diluent at the other end.



The NDP also want to see more liquification of natural gas done in Alberta so our methane and other gases can be shipped more easily to west coast terminals.



That's all very sensible.



But if the NDP hadn't sucked (taxed) so much money out of the patch already (not to mention discouraging so much investment and destroying so many jobs), maybe they wouldn't have to put back a billion dollars they don't have, just to try to stimulate some "diversification."



But maybe they won't have to spend tax dollars trying to force upgraders into existence if they hadn't undermined the energy sector so thoroughly in the first place.

http://edmontonsun.com/opinion/columnists/gunter-ndp-upgrader-plan-smart-but-a-little-late">http://edmontonsun.com/opinion/columnis ... ittle-late">http://edmontonsun.com/opinion/columnists/gunter-ndp-upgrader-plan-smart-but-a-little-late

[Anonymous]

Our shrinking middle class is a self inflicted wound. Carbon taxes, and letting foreign money block resource development  and  export facilities is an abdication of duty.

[Anonymous]

Apparently, nothing in the budget to help large industrial projects that would  help Canadians.

[Anonymous]

If you want to know one of the main reasons Canada's middle class is less prosperous than they were ten years ago.

https://context.capp.ca/~/media/images/contextmagazine/content-images/infographics/2018/infographic_50-billion-lost_v2.jpg?bc&mw=2120&sc=1&modified=20180123094822">

[Anonymous]

If you want to know one of the main reasons Canada's middle class is less prosperous than they were ten years ago.

https://context.capp.ca/~/media/images/contextmagazine/content-images/infographics/2018/infographic_50-billion-lost_v2.jpg?bc&mw=2120&sc=1&modified=20180123094822">

I heard the US had another impressive month of job gains and rising wages. Canada, did not fare so well.

[Lance Leftardashian]

The CAnadian middle class is only rich because of white privilege and it is wonderful that Justin TRudeau is evening the playing field by taxing them more and giving to those in need all over the world much like Robin HOod is reputed to have done.

[Anonymous]

The CAnadian middle class is only rich because of white privilege and it is wonderful that Justin TRudeau is evening the playing field by taxing them more and giving to those in need all over the world much like Robin HOod is reputed to have done.

Canadian workers are struggling because of carbon taxes, foreign money that is putting resource workers out of jobs, mass immigration and refugee acceptance, ever increasing taxes and bad multinational trade deals that benefit foreign workers only. This is not funny.

[Anonymous]

The CAnadian middle class is only rich because of white privilege and it is wonderful that Justin TRudeau is evening the playing field by taxing them more and giving to those in need all over the world much like Robin HOod is reputed to have done.

Canadian workers are struggling because of carbon taxes, foreign money that is putting resource workers out of jobs, mass immigration and refugee acceptance, ever increasing taxes and bad multinational trade deals that benefit foreign workers only. This is not funny.

In the US, 800,000 people entered the workforce last month, while in Canada the labour participation rate shrank. Six years ago, Canada had the strong middle class in North America. Thanks to tax reform and deregulation, and sensible energy  policy, American workers are better off than their Canadian counterparts.



And just so you know, Lance is Gary Oak. He's a totally insane sinophobe and he's trolling you.

[Anonymous]

The CAnadian middle class is only rich because of white privilege and it is wonderful that Justin TRudeau is evening the playing field by taxing them more and giving to those in need all over the world much like Robin HOod is reputed to have done.

Canadian workers are struggling because of carbon taxes, foreign money that is putting resource workers out of jobs, mass immigration and refugee acceptance, ever increasing taxes and bad multinational trade deals that benefit foreign workers only. This is not funny.

In the US, 800,000 people entered the workforce last month, while in Canada the labour participation rate shrank. Six years ago, Canada had the strong middle class in North America. Thanks to tax reform and deregulation, and sensible energy  policy, American workers are better off than their Canadian counterparts.



And just so you know, Lance is Gary Oak. He's a totally insane sinophobe and he's trolling you.

The job market in the US is the best I have seen it in twenty years. Maybe longer because so many people are entering the work force.

[Anonymous]

The CAnadian middle class is only rich because of white privilege and it is wonderful that Justin TRudeau is evening the playing field by taxing them more and giving to those in need all over the world much like Robin HOod is reputed to have done.

Canadian workers are struggling because of carbon taxes, foreign money that is putting resource workers out of jobs, mass immigration and refugee acceptance, ever increasing taxes and bad multinational trade deals that benefit foreign workers only. This is not funny.

In the US, 800,000 people entered the workforce last month, while in Canada the labour participation rate shrank. Six years ago, Canada had the strong middle class in North America. Thanks to tax reform and deregulation, and sensible energy  policy, American workers are better off than their Canadian counterparts.



And just so you know, Lance is Gary Oak. He's a totally insane sinophobe and he's trolling you.

The job market in the US is the best I have seen it in twenty years. Maybe longer because so many people are entering the work force.

My husband's company hasn't hired apprentices in four years, but their US shop is hiring continuously.