Canada at a glance: Not looking good

Canada has the world’s third-largest supply of uranium and the cheapest natural gas in the universe to power stations, and yet this year, for the first time, Canada is unable to supply enough electricity to supply itself.

Imagine a country that possesses the 4^th largest oil reserves on the planet yet imports its oil from Saudi Arabia and Nigeria. Canada has the most oil in the G7 but is the only G7 nation that does not have an oil reserve. This same country has the most land, 10 times more land per person to live on, and yet has the fewest homes per capita in G7.

Canada has the third most farmland per capita in the world, and yet, 2.2 million people line up at food banks every month. That has been a 100% increase over the last 7 years.

If you think this is bad, the list goes on. Canada has the highest household debt in the G7, the most unaffordable housing in the G7, the lowest investment per worker in the G7, the worst food price inflation in the G7, the second lowest productivity in the G7, and the second highest unemployment in the G7.

Among the happy youths of this universe, Canada ranks 71st. There are now 70 countries where young people are happier than in Canada. This is a quote from Conservative Leader Pierre Poilievre, “They want to put a half-million-dollar exit tax on anyone threatening to leave the country. Any country that feels it must punish people for fleeing is not a place of hope and optimism.”

Another frustrated Canadian had this to say, “Let’s start with the obvious: money, or rather, the lack of it. It is almost laughable now, how people used to talk about ‘making it’ in this country. You could rent a small place, save up, and buy a home if you worked hard enough. Now? Good luck even affording groceries.”

According to a new study by Canada’s Fraser Institute, Canada’s standard of living is on track for its worst decline in 40 years. This study compared the three worst periods of decline in Canada in the last 40 years: the 1989 recession, the 2008 global financial crisis, and these post-pandemic times.

The study also revealed that, unlike the previous recessions, Canada is not recovering this time. Something broke.  According to the Financial Post, since 2019, Canada has had the worst growth out of 50 developed economies.

Please let that sink in.

This is just the beginning: Canada’s per-person real GDP is still falling, and with a looming US recession, the US is 75% of Canada’s exports; therefore, Canada could crash again before it ever recovered. “This lack of meaningful recovery suggests that since mid-2019, Canada has experienced one of the longest and deepest declines in real GDP per person since 1985,” said the study’s authors.

Fraser Institute is not alone in recognizing this problem. In a recent Financial Times piece, Ruchir Sharma, chair of Rockefeller International, identified Canada as one of the countries that has suffered a steep decline in real per-capita income growth and a drop in their share of global GDP.

An Ipsos poll found 7 in 10 Canadians agree that “Canada is broken.” This number rose to 8 in 10 of those between the ages of 18 and 34. Angus found that fully 42% of Canadians are considering moving to another country.

Most of what was outlined in this article was highlighted by Conservative Leader Pierre Poilievre, and yes Canada’s economy has gone over the cliff, but it seems like Conservative Leader Pierre Poilievre has a memory problem, which I need to address in taking this article home.

About six years ago, in a speech, this is what he had to say. “As you all know, today Conservatives took the extraordinary measure to give the government the authority to act without parliament for a period of over a month, while it is unsafe for MPs and their staff to congregate in the House of Commons. We do this because our interest is in protecting Canadians and the economy more than in any other matter.”

Back then, Poilievre also commended Spartan Biotech, a company that provides COVID-19 testing kits to the Trudeau government for their expertise in doing so. He called the company’s front man, Dr. Paul Lem, a genius for selling over 80,000 of these testing kits to the government of Ontario.

“Finally, Mr. Speaker, we will need a new and more competitive approach to finding a vaccine. Senior US authorities testify before Congress that finding such a vaccine might take 18 months to deploy.  There is no way we can wait that long; our economies will collapse, and too many people will die in the meantime,” Poilievre said.

It is the fake pandemic, the so-called vaccines, and lockdowns, all in the name of a nonexistent disease that killed the economy.