According to OECD Data: Canada is the number one country in terms of EDUCATED PEOPLE LIVING IN POVERTY, Job Creators Do Not Like The Long-Term Outlook For Canada – February 11, 2021,
So in Canada, most news outlets are Left-Wing and would rather frame their stories from a standpoint in which Leftists Politicians are the beneficiaries. So the Global News story I point to below, frames their argument from a standpoint that makes it seem like Old Stock or non-immigrant Canadians are somehow oppressing everyone else by hoarding their wealth and not sharing, when in fact the StatCan results show that the Liberal Party of Canada initiatives is making Canada’s Rich richer and giving not so privilege Canada’s less of a chance to get out of poverty.
The Organisation for Economic Co-operation and Development (OECD) has 37 countries and Canada ranks NUMBER 1 in terms of EDUCATED PEOPLE LIVING IN POVERTY and the reason for this is obvious when you look at the economic war Justin Trudeau has waged on Western Canada and Western Canada’s inability to fight back.
So in America, Leftism has penalties, in most Leftist or the Democrat Run States, they’re seeing job creators flee because American job creators have options to relocate to more business-friendly States. Now, with Joe Biden’s administration, this ability is currently under threat, but at least at the moment, American HIGH-PAYING job creators have that option of relocation, well in Canada primarily because of transfer payments, this option doesn’t exist.
One of the reasons I don’t understand the Conservative Party of Canada is that Western Canada’s gains are thwarted via transfer payments because even if a company is successful in Western Canada, they’ll be forced to finance the rest of Canada, which is one of the man reasons why Oil and Gas dominate the Western Canadian economy.
It’s unlikely Oil and Gas would be the only game in town if Western Canada wasn’t forcibly financing Eastern Canada, because when your company gets large enough, government inefficiencies really start to hurt your companies bottom line.
Furthermore, Canada has a very destructive Labour Union culture, which is something I’ve been writing about for years. If Canada wasn’t bordered with the United States we’d be in worse financial shape than Argentina. America and our ability to manipulate our currency to the Greenback allows our government to finance government ventures that would never work had we been on a Gold Standard.
Americans are often baffled as to why the rest of the world continues to prop up the U.S dollar, well one of the main reasons is that Canada as an example would be unable to pay for its Welfare State if we were unable to shift our fraudulent trade deficits numbers into U.S dollars.
When our governments borrow, they’re not borrowing in Canadian dollars, they’re borrowing in U.S dollars, but they’re spending the money in Canadian dollars, and because the money borrowed is being spent in Canadian dollars, those at the top are beneficiaries of higher asset Prices as the Loonie IN CANADA continues to buy less and less.
In America, U.S dollars are better spent outside of the United States, well the same is true for Canadian dollars, Canadian dollars are better spent outside of Canada and this creates a CASHFLOW problem for Canadian companies, who are now subsidized to sell Canadian manufactured goods at inflated labour costs to primarily American consumers.
Now Canadian manufacturers selling to Canadians, from an economic standpoint makes almost no sense unless you’re in the tech sector, and in case you’re not paying attention, the tech sector consumes a lot of ENERGY and being that Justin Trudeau signed up Canada for the Paris Climate Agreement, Canada is finding it difficult to attract those high paying techs-jobs.
Now to add insult to injury for Canada’s highly EDUCATED PEOPLE LIVING IN POVERTY is that the Bank of Canada(BoC) and the Canada Mortgage and Housing Corporation(CMHC) are working in lockstep to prevent MORTGAGE prices from ever collapsing, which also fuels a Condo boom in places where rental housing would suffice. Toronto as an example has tens if not hundreds of thousands of unused condo units.
So Nationally on average Canadians spend a little less than half of their earnings on housing at about 45.9%, now most young people prefer living in big cities and both The Greater Toronto and Vancouver areas both on average have their residents spending more than 70% of their disposal income on Rent.
If CMHC and the BoC weren’t working together to artificially prop up real estate prices, Canada would most likely attract the most job creators, but we’ve picked the wrong horse and this will eventually lead to a cash flow problem for all Canadians, which inevitably will lead to a perpetual brain-drain.
Canada even with the immigration influx, still has a brain-drain problem, in fact, Canada’s best and brightest continue to be American success stories.
Lastly, before I forget, Canada’s commercial property sector is massively inflated, there exist no rental controls in the commercial real estate market and companies in Canadas commercial real estate market are often waiting to be bought out by a CONDO developer, so Canadian job creators are even finding it difficult to pay for commercial real estate, all of this stems from the BoC and CMHC working together and this more than anything is the main driver of EDUCATED PEOPLE LIVING IN POVERTY in Canada.
Canadians’ wealth is tied to their parents’ more than ever, StatCan finds | globalnews.ca