The US is Booming Under Trump's Policies and Canada is Lagging Behind Under Justine

[Anonymous]

Canada is losing full time private sector jobs and the US can't find enough people to fill the job vacancies created by tax reform and slashing regulations.



This is from Sun News media.



May was not a good-news month economically. Canada shed 7,000 jobs, bringing the drop in employment since December to nearly 50,000 jobs.



Projected growth in our GDP was downgraded to under 1.5 per cent for 2018. And Statistics Canada found Canadian firms intend to invest less than they did last year in new locations, new equipment, new hires – the fourth straight year of decline. That's especially bad news because job creation and economic growth next year are often based on investments made this year.



By comparison, the E.U. is expected to grow by close to 2.5 per cent and the U.S. by nearly four per cent. The closest bad-news economy to our own is the U.K.'S. That's because Britain is in the midst of Brexit. The uncertainty of what happens next is keeping investors away.



American companies invested more in 2017 than they did in 2016 – about three per cent more. And this year they expect to invest nearly 10 per cent more than that.



The U.S. economy is adding jobs even faster than we are shedding them.



How is this happening? Usually when the U.S. economy is expanding, our economy expands, too, as we feed them with raw materials, parts and finished goods. We can't blame this on Donald Trump and his stubbornness on trade. This began long before Trump became president.



(Well, part of it is Trump's "fault." America's economy is on the verge of a boom because the corporate tax cuts he forced through Congress have given the U.S. a clear tax advantage.)



Our troubles are almost entirely the fault of Canadian governments and their anti-investment rhetoric and policies, especially their "green" energy schemes and carbon taxes.



Our governments are using taxes to punish companies and suck up almost every extra cent ordinary wage earners are making. The federal Liberals treat millions of small business people as if they were tax cheats. Canadian governments are also racking up massive debts and scaring away investment with their environmental regulations and carbon "pricing."



"But governments are our friends and guardians," you insist. "They protect us from the One Percenters and greedy corporations, and they provide us with essential services."



Not even close. According to Vancouver's Fraser Institute, last year Canadian families earned an extra 3.3 per cent in income, but taxes rose by 3.1 per cent. In other words, for every extra dollar your family earned, governments taxed away 94 cents.



It's like the Beatles 1966 song, Taxman: "That's one for you, nineteen for me."



The One Percenters didn't do that to us.



For instance, [size=150]the Trudeau government did reduce middle-class income tax rates, but they also got rid of so many tax credits that middle-class families are paying $1,000 more in income tax than before the Liberals were elected.[/size] Because our leaders can't get firm with environmental extremists and stand up to stubborn "green" politicians – like the ones who run B.C. and Quebec – we can't get pipelines built. That has cost Canada nearly $100 billion in lost investment and reduced prices for our oil over the past three years.



And if you believe small businesses are the engine of our economy, consider what it means that since 1998, small-business startups in Canada are off by 50 per cent. When governments raise minimum wages, add reams of new regulations, double utility rates and treat farmers, entrepreneurs and professionals as if they were robber barons, that discourages investment.



Add the uncertainty caused by our governments' obsession with "green" policies and who is going to invest their life savings in a new business or their shareholders' billions in a pipeline?



Doug Ford's election should improve the scene in Ontario, but all the damage done by "progressive" federal, provincial and municipal governments will take years to repair.

[cc]

the Trudeau government did reduce middle-class income tax rates, but they also got rid of so many tax credits that middle-class families are paying $1,000 more in income tax than before the Liberals were elected

Not mention carbon taxes

[Anonymous]

the Trudeau government did reduce middle-class income tax rates, but they also got rid of so many tax credits that middle-class families are paying $1,000 more in income tax than before the Liberals were elected

Not mention carbon taxes

They don't want to tell us how much it will cost us. If you ask that question, climate Barbie will call you a denier.

[cc]

In short,  all the numbers from all significant areas show that the US is succeeding - Canada is failing

[Anonymous]

In short,  all the numbers from all significant areas show that the US is succeeding - Canada is failing

Trudeau, Notley, and Wynn all know their policies caused were the problem, but they are so stubborn they refuse to change course.

[cc]

While she has already done great damage, Wynn did not win ..... what a job Ford has in his hands to start to put things right



Even if he does well, ON has a long way to come back to even OK  and Justine will make it even more difficult for ON and ALL of the country

[Anonymous]

While she has already done great damage, Wynn did not win ..... what a job Ford has in his hands to start to put things right



Even if he does well, ON has a long way to come back to even OK  and Justine will make it even more difficult for ON and ALL of the country

Oh I know Ford has his work cut out for him. Wynn left a mess for him to clean up.

[Anonymous]

You can't blame investors, foreign or domestic for showing a lack of confidence in Canada.

[Anonymous]

[size=150]Here's what Trudeau doesn't want you to know. [/size]



By Lorrie Golstein

Since Prime Minister Justin Trudeau refuses to tell Canadians the costs they face because of his national carbon pricing scheme, here's an expert assessment likely close to the numbers he's keeping secret.



They were calculated by Jennifer Winter, assistant economics professor at the University of Calgary and Director of Energy and Environmental Policy at its School of Public Policy.



Winter presented them last year to the Senate Standing Committee on Energy, the Environment and Natural Resources.



Winter's estimates include the impact of carbon pricing on Canadian households when it reaches $50 per tonne of greenhouse gas emissions in 2022, the figure Conservative leader Andrew Scheer and his caucus have been pressing for the Liberals to provide, including through an overnight filibuster last week in the House of Commons.



Here are Winter's estimates of the maximum annual cost to Canadian households of Trudeau's $50 per tonne national carbon price in 2022, province by province.



Ontario, $707; Alberta $1,111; British Columbia $603; Quebec $662; Saskatchewan $1,032; Nova Scotia $1,120; New Brunswick $964; Newfoundland and Labrador $859; Prince Edward Island $788; Manitoba $683.



According to the National Post, Environment and Climate Change Minister Catherine Mckenna was advised by experts in her department after taking office that reaching Trudeau's goal of reducing Canada's emissions to 30% below 2005 levels by 2030 would require a national carbon price of $100 by 2020 (not $50 by 2022).



In that context, Winter's estimates of the annual cost of a $100 carbon price on the average Canadian household are:



Ontario, $1,414; Alberta $2,223; British Columbia $1,206; Quebec $1,324; Saskatchewan $2,065; Nova



Scotia $2,240; New Brunswick $1,929; Newfoundland and Labrador $1,718; Prince Edward Island $1,577; Manitoba $1,367.



Four provinces already have carbon pricing schemes, all of which exceed Trudeau's minimum carbon price of $10 per tonne this year.



Alberta's carbon price is $30 and B.C.'S $35, while the Ontario and Quebec cap and trade schemes currently price emissions at $18-$19 per tonne.



In that context, Winter estimates the average Alberta household is paying $667 in 2018 because of carbon pricing and in B.C. about $422.



According to the same estimates, Quebec households pay slightly below $265 annually this year on carbon pricing, Ontario slightly below $283.



(Ontario Progressive Conservative Premier-designate Doug Ford re-iterated his election promise Friday to scrap Ontario's cap and trade plan and repeal its 4.5-cent-perlitre tax on gasoline when he assumes office June 29.



Ontario will also challenge Trudeau's national carbon price plan in court, as Saskatchewan and Manitoba already are.)



Winter's estimates are based on the annual direct and indirect costs of fossil fuel energy consumption in Canada as of 2013.



They do not include potential changes to consumer behaviour due to carbon pricing, or possible government efforts to mitigate the price of electricity.



Given that all of this hardly qualifies as a state secret, the real question is why is Trudeau hiding his numbers?



The answer seems obvious.



Releasing government estimates will be politically unpopular, particularly because Trudeau and the Liberals want the provinces to take the heat for complying with his national carbon pricing scheme, rather than have that heat focus on him.



Trudeau keeping Canadians in the dark about the cost of carbon pricing is similar to the tactic employed by outgoing Ontario Liberal premier Kathleen Wynne, who said not a word about imposing cap and trade on Ontarians during the 2014 provincial election that brought her government to power.



That's one of the reasons that as of June 29, Wynne will no longer be premier, now reduced to one of a mere seven Liberal MPPS, one below official party status, after 15 years of Liberal rule in Ontario.



Trudeau should take the example of what just happened to Wynne, his provincial Liberal counterpart in Ontario, to heart.

[Anonymous]

Canada is losing full time private sector jobs and the US can't find enough people to fill the job vacancies created by tax reform and slashing regulations.



This is from Sun News media.



May was not a good-news month economically. Canada shed 7,000 jobs, bringing the drop in employment since December to nearly 50,000 jobs.



Projected growth in our GDP was downgraded to under 1.5 per cent for 2018. And Statistics Canada found Canadian firms intend to invest less than they did last year in new locations, new equipment, new hires – the fourth straight year of decline. That's especially bad news because job creation and economic growth next year are often based on investments made this year.



By comparison, the E.U. is expected to grow by close to 2.5 per cent and the U.S. by nearly four per cent. The closest bad-news economy to our own is the U.K.'S. That's because Britain is in the midst of Brexit. The uncertainty of what happens next is keeping investors away.



American companies invested more in 2017 than they did in 2016 – about three per cent more. And this year they expect to invest nearly 10 per cent more than that.



The U.S. economy is adding jobs even faster than we are shedding them.



How is this happening? Usually when the U.S. economy is expanding, our economy expands, too, as we feed them with raw materials, parts and finished goods. We can't blame this on Donald Trump and his stubbornness on trade. This began long before Trump became president.



(Well, part of it is Trump's "fault." America's economy is on the verge of a boom because the corporate tax cuts he forced through Congress have given the U.S. a clear tax advantage.)



Our troubles are almost entirely the fault of Canadian governments and their anti-investment rhetoric and policies, especially their "green" energy schemes and carbon taxes.



Our governments are using taxes to punish companies and suck up almost every extra cent ordinary wage earners are making. The federal Liberals treat millions of small business people as if they were tax cheats. Canadian governments are also racking up massive debts and scaring away investment with their environmental regulations and carbon "pricing."



"But governments are our friends and guardians," you insist. "They protect us from the One Percenters and greedy corporations, and they provide us with essential services."



Not even close. According to Vancouver's Fraser Institute, last year Canadian families earned an extra 3.3 per cent in income, but taxes rose by 3.1 per cent. In other words, for every extra dollar your family earned, governments taxed away 94 cents.



It's like the Beatles 1966 song, Taxman: "That's one for you, nineteen for me."



The One Percenters didn't do that to us.



For instance, [size=150]the Trudeau government did reduce middle-class income tax rates, but they also got rid of so many tax credits that middle-class families are paying $1,000 more in income tax than before the Liberals were elected.[/size] Because our leaders can't get firm with environmental extremists and stand up to stubborn "green" politicians – like the ones who run B.C. and Quebec – we can't get pipelines built. That has cost Canada nearly $100 billion in lost investment and reduced prices for our oil over the past three years.



And if you believe small businesses are the engine of our economy, consider what it means that since 1998, small-business startups in Canada are off by 50 per cent. When governments raise minimum wages, add reams of new regulations, double utility rates and treat farmers, entrepreneurs and professionals as if they were robber barons, that discourages investment.



Add the uncertainty caused by our governments' obsession with "green" policies and who is going to invest their life savings in a new business or their shareholders' billions in a pipeline?



Doug Ford's election should improve the scene in Ontario, but all the damage done by "progressive" federal, provincial and municipal governments will take years to repair.

Trudeau and Nothead have all but killed our oil and gas sector which is a strong contributor to the middle class. Ever increasing taxes, new taxes(carbon taxes), stifling regulations have made this country undesirable to foreign investors.



We should be booming like the US, but Trudeau with the help of a couple of premiers have kneecapped our economic potential.

[Anonymous]

Trudeau and Nothead have all but killed our oil and gas sector which is a strong contributor to the middle class. Ever increasing taxes, new taxes(carbon taxes), stifling regulations have made this country undesirable to foreign investors.



We should be booming like the US, but Trudeau with the help of a couple of premiers have kneecapped our economic potential.

Which is why  my husband's company may move their Alberta operations to the USA.

 

[Anonymous]

The left has been hijacked by rich progs who don't need to work and don't want anyone else to work. A big fat no to all industrial and resource development. They make it even worse for working people with mass immigration.

[JOE]

One thing the OP appears to forgotten about or to mention are the trillion dollar plus deficits the USA is carrying around to dole out tax favors/cuts which overwhelmingly favor the select few. Clearly this is not sustainable. But in this regard neither are the deficits the Canadian government and the provinces either. There'll be a huge price to pay when the bill comes due.



Contrast this with a socialist/social democratic government of Norway or a capitalist nation like Switzerland.



Both nations which are not members of the EU enjoy steady growth, budgetary surpluses, triple A credit ratings, low unemployment, great socisl setvices, healthcare, extremely high incomes for its citizens, low crime rates plus theyre not at war with anybody.



These are models our two largest North American economies could learn something from.

[Anonymous]

I guess the USA might have a sky high deficit this year, but hopefully Trump will not give congress everything they want next year.



Contrast that with this country where we are running big deficits while making life more expensive for working people and sending jobs overseas through excessive regulations.

[Anonymous]

Unlike Trudeau, who controls spending, Trump does not have that luxury. The congress does. They are unwilling to make any cuts to lower the deficit or even come close to balancing the budget.



Unfortunately, across this continent, politicians no  longer have the guts to make cuts to the civil service . They seem to have forgotten the nineties when governments of all political stripes were slashing spending, firing civil servants, cutting taxes while balancing budgets.