Joe Oliver: Recession may be coming but Canada's stimulus cupboard is bare fpcomment
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Granted, the federal government had to confront a global pandemic. But it spent more than 14 G20 countries on COVID-19 during 2020 and it wasted a minimum of $27.4 billion in “suspicious” benefit payments, according to Auditor General Karen Hogan. Tens of billions more were sent to people who did not need the money, thereby exacerbating inflationary pressure created by supply chain shortages.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
His green policies intrude on business and personal agency and prosperity in ways ranging from picayune to substantive . Trudeau’s deceptively labelled “just transition” would involve the wholly unjust destruction of a key industry, with disruption far beyond energy, but without any real plan to retrain or compensate workers.
The prime minister seems convinced he must save the planet from apocalyptic global warming. The flaw in his certainty is that the climate models that supposedly justify it repeatedly project temperatures significantly higher than actually occur. Undeterred, the modellers continue to project and the alarmists continue to rely on the same failed models.
Global temperatures have increased by 1.2 degrees since 1850, which marked the end of the Little Ice Age. If the temperature had not increased we would still be in an ice age, which would not be a good thing, especially for Canada. Even in our warmer world, 4.5 million people die from the cold each year compared to fewer than 600,000 from the heat. It is cooler now than during the Medieval Warm Period .
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