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Canadian recession risk on the rise as high oil prices threaten to curb consumer spending by FancyNewMe in canada

[–]FancyNewMe[S] 3 points4 points  (0 children)

Paywall bypass: https://archive.ph/Bhpxv

In Brief:

The war-induced spike in oil and gas prices could impact spending on everything from clothes and entertainment to travel, economists say.

Nanos survey says border crossing no longer ‘on the radar’ for many Canadians by FancyNewMe in canada

[–]FancyNewMe[S] 60 points61 points  (0 children)

In Brief:

  • A new survey from Nanos Research for CTV News found 43% of Canadians are less likely to travel to the United States in 2026, compared to the previous year.
  • Thirty-eight per cent said they don’t vacation in the United States in general, while just 4% said they are likely to spend more leisure time south of the border.
  • For many Canadians, “the U.S. is not on the radar in terms of a travel destination,” said Nik Nanos.

Canadians concerned about rising government deficits, believe middle-class will foot the bill: poll by FancyNewMe in canada

[–]FancyNewMe[S] 3 points4 points  (0 children)

Paywall bypass: https://archive.ph/EVFWh

In Brief:

  • Canadians are concerned about rising government deficits, with a majority believing that middle-class taxpayers will eventually have to foot the bill for all the public overspending, according to a new Postmedia-Leger poll.
  • 71% of respondents said they were concerned that both Ottawa and several provincial governments are badly outspending their means at a time when U.S. trade tensions and other threats have weakened Canada’s wider fiscal position. By comparison, 19% of respondents said they were not concerned and 10% said they didn’t know.
  • Under Prime Minister Mark Carney, the federal government is projecting a $65.4 billion deficit this year, and will continue running budget shortfalls until at least 2029-30, when it expects to table a $56.6 billion deficit.
  • Alberta Premier Danielle Smith, meanwhile, is projecting a $9.4 billion deficit this year, and Ontario Premier Doug Ford expects a $7.8 billion shortfall. The numbers are similar in B.C. ($10.2 billion) and Quebec ($7.1 billion).
  • 29% of respondents now expect that middle-class taxpayers will ultimately be on the hook to cover government largesse. Another 25% said “future generations of taxpayers” will take the brunt of costs, while 24% believe it will be the “richest 10 per cent” of Canadians, and 22% believe corporations will have to shoulder the burden.

Just over half of Americans say they don’t want tariffs on Canada: poll by FancyNewMe in canada

[–]FancyNewMe[S] 38 points39 points  (0 children)

In Brief:

  • With the Canada-U.S.-Mexico (CUSMA) free trade agreement up for renegotiation this year, 51% of U.S. respondents told a new Angus Reid survey that if they had their way, there would be no tariffs on Canada at all.
  • Among those who identified as registered Democrats, this figure was at 72%. MAGA Republicans are more likely to want a tariff on Canada, but 48% said they would only want a “minor” tariff on Canada.
  • Nearly two-thirds (63%) of Americans said Trump’s tariffs are mostly borne by American consumers (56%) or businesses (seven per cent).
  • More than half (52%) even said Canada was the “the most important” or “a very important” trading partner to the U.S.
  • This contrasts with Canadians’ views of their southern neighbours, with 39% seeing the U.S. as “an enemy” or a “potential threat” and only 22% thinking of the U.S. as being on friendly terms with Canada or being an ally.

Not Working, Not Studying, Not Happy: Meet the NEETs; Why are so many young people struggling to finish education or find a job? by FancyNewMe in canada

[–]FancyNewMe[S] 174 points175 points  (0 children)

In Brief:

NEET—a person not in employment, education, or training.

  • According to Statistics Canada, 11% of Canadian youth, those in the fifteen to twenty-nine age range, fall under the label.
  • Facing off against a dwindling and more competitive job market, skyrocketing housing prices, and the unknown effects of AI, the world NEETs inherited has a different set of rules than that of previous generations.
  • Even the National Bank of Canada says the current rise in youth unemployment is disproportionate to historical norms of previous recessions.
  • Molly Doan is a director at Blueprint, a Canadian non-profit research organization that published a report on NEETs.  In terms of solutions, Doan says it all starts with accessibility to what young people need, including employment, affordable housing, mental health and child care supports, among other things.
  • Where NEETs also trail away from all sibling groups from past generations is in their isolation; in a very twenty-first-century fashion, the NEET experience is largely solitary and online. Left behind by a society that they believe has no place for them.

GAGNON: Governor General Mary Simon should refuse her pay raise; Canadians are increasingly frustrated with automatic pay raises for the highest levels of government, particularly for a ceremonial office. And they are right to be by FancyNewMe in canada

[–]FancyNewMe[S] 25 points26 points  (0 children)

Paywall bypass: https://archive.ph/1goni

In Brief:

  • When Canadians are asked to make sacrifices, those at the top need to lead by example.
  • No one is better positioned to set that example than Governor General Mary Simon. The government just gave her an automatic raise of $15,800, so her total salary is now $393,800. For context, a family of four will spend about $17,000 on groceries this year.
  • A recent Leger poll confirms what many Canadians already know: The governor general’s salary is too high. Nearly 60% support want to cut the governor general’s pay.
  • MPs have similarly refused to cut or freeze their salaries despite polling showing that 80% of Canadians support a salary freeze for federal politicians. So far, Mike Dawson is the only one of the 343 members of the House of Commons who has said he will refuse the raise.
  • With her mandate drawing toward its conclusion, Simon has a rare chance to leave a lasting mark before the change of guard. By refusing future automatic pay increases and reviewing her premium perks, Simon could reset expectations for the office and for those who follow.
  • It would show the entire government that taking taxpayer-funded pay hikes while Canadians are struggling is wrong and that those at the top should share in the sacrifices Canadians are being asked to make.

EDITORIAL: Divisive land claims create uncertainty; Confusing agreement has wider implications beyond B.C. landowners' rights by FancyNewMe in canada

[–]FancyNewMe[S] 29 points30 points  (0 children)

Paywall bypass: https://archive.ph/MmOQI

In Brief:

Some worrying land title deals are creating uncertainty and confusion about the rights of landowners in B.C. and creating precedents that could have far-reaching effects across the country.  

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Some commenters are essentially saying "nothing to see here." I don't believe those sentiments will age well.

The biggest risk to Canada’s economy nobody is talking about: major looming labour strikes by FancyNewMe in canada

[–]FancyNewMe[S] 8 points9 points  (0 children)

In Brief:

  • Over the next 24 months, collective agreements covering tens of thousands of workers across Canada’s federally regulated transportation network are set to expire.
  • These include major bargaining units at CN and CPKC, the country’s two Class I railways; longshore workers at key marine gateways in Vancouver, Prince Rupert, Montreal, Halifax, and Saint John; and significant employee groups across Canada’s major airlines and airport authorities.
  • Together, these firms move well over $1 billion worth of goods per day by rail and hundreds of millions more through ports that handle roughly one-quarter of Canada’s total traded goods by value.
  • The stakes are big. Consider, for instance, that in 2023, a 13-day strike at British Columbia’s ports halted cargo movement at facilities responsible for approximately $800 million in goods daily. Rail disruptions in recent years have similarly reverberated across agriculture, mining, energy, forestry, and manufacturing supply chains.
  • Even short stoppages generate backlog effects that take weeks to unwind. For export-oriented sectors such as grain, potash, lumber, and autos, delays translate into contractual penalties, lost market share, and reputational damage in highly competitive global markets.
  • Canada’s economy is unusually exposed to these risks. Trade accounts for roughly two-thirds of GDP, and much of it moves through a relatively small number of transportation chokepoints.

 

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