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Watch onThe Trudeau Liberals came to power after winning the election held on Oct. 19, 2015. With the possibility of a third Trudeau mandate in less than two years and numerous economic and social headwinds in play, it is an opportune time to look at the state of the Canadian economy.
While you grapple with some of these often arcane economic statistics, you might want to keep in mind Adam Smith’s quote: “I have no great faith in political arithmetick.”The latest Conference Board index of consumer confidence for Canada. It’s the second lowest reading on record, dating back to 2002.Canada surpassed this population milestone in June 2023, according to Statistics Canada.The percentage rate of “natural” increase in Canada’s population , just above the lowest level on record.
In percentage points, the estimated effect of the carbon levy on inflation, according to a recent Bank of Canada study.The percentage of the revenue generated by the carbon tax returned to households via a rebate. Indeed, there is evidence that most households receive a larger rebate than the direct and indirect taxes associated with the levy.The percentage of support in a recent poll for continuing to increase the carbon tax, while 37 per cent want the tax eliminated.
Statistics Canada, OECD, Parliamentary Budget Officer, the Globe and Mail, the Finance Department, IMF, the Economist, The Chronicle Herald, Public Accounts of Canada, S&P, the Fraser Institute, Nanos Research, the Conference Board of CanadaOp-ed Disclaimer SaltWire Network welcomes letters on matters of public interest for publication. All letters must be accompanied by the author’s name, address and telephone number so that they can be verified. Letters may be subject to editing. The views expressed in letters to the editor in this publication and on SaltWire.com are those of the authors, and do not reflect the opinions or views of SaltWire Network or its Publisher.
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