Abstract: By 2000, Canada's per capita GDP began to fall behind the United States and was on par with other developed economies. However, this situation has continued to deteriorate. This is due to problems on some of the major macro-economic policies. The interest rate is a tool with broad effects and cannot be used solely and over and over again. The prices are subject to supply and demand. While the government needs to take care of the living cost of the general public, convening the grocery conglomerates to reduce the price is not a wise choice, and competition is needed both at home and abroad. The carbon tax is not financially, economically and technically feasible. Nor is it consistent, income neutral and effective. During the period from 2015 to 2023, there were more immigrants and visitors than necessary, and the structure is astonishingly unhealthy and unsustainable. As Canada relies heavily on imports, it is important to maintain a long-term friendly relationship with some of the major trading partners like China, India, Britain and Saudi Arabia though there may be differences in culture and ideology. Changes must be made to address the macro-economic problems. We may not know what works for some areas, but we know what does not work. We can learn from the past of our history, and we can also learn from our peers active on the international stage. Actions must be taken to make a brighter future as we have our next generation behind as well as the gaze of foreign onlookers upon us.
Key
Words: Macro-economic Policies, Carbon Tax, Immigrants, Trade, Prices
I. Introduction
In
a debate on the new federal budget, Conservative Party Leader Pierre Poilievre
raised the question that who would pay for this latest $50 billion orgy of spending and
added that he and his colleagues knew who wouldn't pay[1]. Even 1%
tax is levied on the extra wealthy people, will they just sit and wait to be chopped
up? Will that not be passed along to the general public?
After nine years of rule by the Federal left-winged
Liberal Party and three years of the epidemic, Canada's economy has shown signs
of recession. In the 1980s, Canada's
per capita GDP was almost the same as that of the United States, and to a
certain extent ahead of other developed economies. By 2000, Canada's per capita
GDP began to fall behind the United States and was on par with other developed
economies. Entering 2022, the gap between Canada and the United States will
further widen, with the gap exceeding US$10,000, and starting to lag behind the
average level of other developed economies...
Productivity, which is typically defined as economic output per hour of work, is a crucial determinant of overall economic growth and living standards in a country. Over the most recent 10-year period of available data (2013 to 2022), productivity growth has been meagre at best. Annual productivity growth equaled 0.9 per cent for the G7 on average over this period, which means the average rate of growth during the two previous decades (1.6 per cent) has essentially been chopped in half. For Canada, productivity has grown even slower than the paltry G7 average.
A skeptic might suggest this is merely a global phenomenon. But other countries have fared much better. Two European countries, Ireland and Estonia, have seen a far more significant improvement than G7 countries in both productivity and per-person GDP.
From 2013 to 2022, Estonia’s annual productivity has grown more than twice as fast (1.9 per cent) as the G7 countries (0.9 per cent). Productivity in Ireland has grown at a rapid annual pace of 5.9 per cent, more than six times faster than the G7 (Please refer to the article "Economic progress stalling for Canada and other G7 countries" written by the Fraser Institute published on May 10, 2024, on the web page https://www.fraserinstitute.org/blogs/economic-progress-stalling-for-canada-and-other-g7-countries).
II. Policy Problems
1. Monetary and Price Policies
Monetary policy and price policy will affect not only
big or small businesses but also individuals and non-profit organizations. Wise
and consistent sustainable policies are needed, and they should not rely on the
impulses of some of the officials in Ottawa.
1) Monetary Policy
The writer does not agree to change the interest rate
whenever there is a need to tackle the inflation. This is because that there
are the other two tools, bank deposit reserve rate and the open market
operations, and that the interest rate has overall impacts on the whole
economy.
(1) Inflation versus Financial Burden
The inflation can be curbed to
some extent when the interest rate is raised. However, the mortgage rate will
be increased, and the rate for real estate development, business loans and even
student loans will also be increased. This will also have a negative impact on
government deficit payment.
(2) Interest Rate versus Exchange Rate
It was reported that Canadian
exports of goods and services reached 33.85 % of GDP in 2022, according to the
World Bank collection of development indicators, compiled from officially
recognized sources[2].
Canadian imports of goods and services reached 33.71 % of GDP in 2022, according
to the World Bank collection of development indicators, compiled from
officially recognized sources[3]. However, past data shows
that Canada is more reliant on imports, making a low Canadian dollar more
attractive. Nevertheless, a high interest rate will make the Canadian dollar
stronger, which will be harmful to Canadian imports.
2) Price Policy
(1) Demand Side
To stabilize the price level,
two hands are needed. One hand is to curtail the aggregate demand, and that is
affected by the fiscal and monetary policy, which has been covered partly
above. Aggregate demand can be spurred by increased government expenditures or
lower tax rates or both, though there may be a financial price for the
government to pay later.
(2) Supply Side
Supply can be increased by lower costs, more
competition or more fairly priced imports.
a. Oligopoly
The writer contests the idea
of getting together some of the grocery conglomerates like Loblaw and Walmart
for two reasons. One reason is that the government should not intervene as long
as it does not involve a government product or service. The other reason is
that getting together to discuss the price is the exact behavior that
anti-monopoly actions should be ushered in. The prices can be lowered
temporarily, but they can be raised too soon for you to realize, as they have
every right and possibility to do that.
b. Imports
When competition is hard to
encourage in Canada among different industries and areas, imports should be
promoted. This is why the writer emphasizes the importance of maintaining a
good relationship with China and India.
2. Carbon Tax Policy
1) Measurement of a Good Policy
A good policy should be
financially, economically and technically feasible, consistent, income neutral
and effective. However, the carbon tax policy is untenable in all the respects.
2) Analysis
(1) Feasibility
a. Financial
As early as 2022, a paper
Assessing Energy Transition Costs: Sub-national Challenges In Canada
established an investment model to calculate how much it would cost for provinces
to fully adapt to new energy sources. Based on provincial governments' 2019
GDP, the total annual net cost of meeting the federal government's 2030 carbon
targets between 2016 and 2030 is estimated to be $2.015 billion (C $) for
Alberta and $442 million for Saskatchewan, according to the chart[4].
The Government of Saskatchewan
has submitted its response to the federal government's public consultation on
the proposed Clean Electricity Regulations (CER), urging the federal government
not to proceed with the regulations as currently proposed. The proposed
regulations impose a net-zero electricity grid across Canada by 2035. "The
federal government's approach, in an attempt to regulate Saskatchewan's
electricity system, is unaffordable, unconstitutional, and technologically and
logistically unattainable," Crown Investments Corporation Minister Dustin
Duncan said. "The proposed Clean Electricity Regulations will jeopardize
the reliability of Saskatchewan's power grid, and increase power rates to an
unaffordable level." SaskPower estimates that families, communities,
businesses and industries will see electricity rates more than double by 2035
to cover the costs associated with the CER and federal coal regulations. The
federal net-zero power system plan is expected to cost Saskatchewan about $40
billion from now until 2035[5].
b. Economic
In a new study published by
the Fraser Institute, it is found that the government’s claims are likely
untrue. A $170 charge per ton will cause the economy (i.e. GDP) to shrink by
about 1.8 per cent, cause a permanent loss of nearly 185,000 jobs, and reduce
real income in every province. Even with the rebates, the overall income loss
will average about $1,540 per employed person annually.
What about the plan to rebate
carbon tax revenue to households? The contractionary effects are large enough
that if the federal government either spends or refunds all household carbon
tax revenues, the combined federal and provincial budgets will move about $22
billion into deficit[6].
What’s more, even with the
rebate, by 2030, 80 per cent of households in Ontario and Alberta will be worse
off and 60 per cent will be worse off in Manitoba and Saskatchewan[7].
c. Technical
In December 2023, federal
Environment Minister Steven Guilbeault finalized regulations to phase out the
sale of gas-powered vehicles – and mandate sales of battery-powered vehicles –
by 2035. However, Flavio Volpe, president of the Automotive Parts
Manufacturers’ Association, tells BNN Bloomberg that we need some realism as right now
buyers are buying internal combustion vehicles, for that is where the volume
is. The automotive industry needs to decarbonize, but it is a “stressful time”
for companies in the sector that are retooling facilities to keep up with the
changes[8].
Prof. Mark Winfield of York
University said the fact there is no public policy on the disposal of EV
batteries is concerning because a number of the chemicals and components used
to make EV batteries, such as cadmium, arsenic and nickel are listed as toxic
under the Canadian Environmental Protection Act (CEPA) and simply can't be
thrown into a landfill.
The environmental costs of a
greener future in transportation don't stop at dead batteries. If the country
carries through on its plan to build a home-grown supply chain for the critical
minerals needed to make EV batteries, it could mean the development of a vast
tract of unspoiled nature in Ontario's north.
In the Hudson's Bay Lowlands,
there are an estimated 35 billion tonnes of carbon, acts as a major stopover
for billions of migratory birds and is home to wolverines, caribou and lake
sturgeon - all considered endangered, or species at risk by the federal government.
destroying one of the world's largest carbon sinks by developing it would only
undo all those emission reductions from EV batteries[9].
Governments need to get the
consent of all of the communities that are going to be impacted by this major
irreversible change to their way of life, as they are entitled to a right of
free, prior and informed consent according to international law.
(2) Consistency
As you’ve probably heard, the government will suspend the tax on heating
fuel used primarily in Atlantic Canada and provide additional subsidies to
Atlantic Canadians by doubling their rural carbon tax rebate. Also, oil heating
will not be subject to carbon tax. The present Federal Government has made the
federal carbon tax non-uniform, ended technological neutrality and—by exempting
a swath of emissions—made it less efficient and effective. Even
the University of Calgary’s Trevor Tombe, a diehard fan of the carbon tax, now
suggests it might be the beginning of the end for the entire idea of carbon
taxes. The carbon tax is dead, he writes. Or at least, its days may be numbered[10].
(3) Effectiveness
In Canada, the carbon price
hike has been a significant policy initiative aimed at curbing greenhouse gas
emissions and transitioning towards a low-carbon economy, and a national carbon pricing system was introduced in Canada in 2019.
According to recent data from Toronto Sun, the Federal Government won’t achieve the carbon
reduction target (439 millions) by 2030, yet we are still paying a price higher
and higher (note that the carbon tax is expected to continue to rise annually
by $15 until it reaches $170 a ton by 2030[11]).
Here is why:
Year |
Net Increase (Million Tons) |
Rate of |
Carbon Price |
Rate of |
2020 |
659 |
|
30 |
|
2021 |
670 |
1.67% |
40 |
33.33% |
2022 |
685 |
2.24% |
50 |
25.00% |
Average |
|
1.95% |
|
29.17% |
2030 |
685 |
1.12 |
769.16 |
Source: Lorrie Goldstein: The
carbon tax went up and
so did Canada's emissions[12], Toronto Sun, 20 April
2024
(4) Revenue Neutrality
When B.C. first introduced a carbon tax in 2008, it was revenue neutral,
but revenue neutrality was eventually abandoned. Barry Penner, chair of the
Energy Futures Institute, said he thinks there might be more support for carbon
taxes if people saw other taxes—such as income taxes—go down by levels
commensurate with carbon tax increases. Mark Jaccard, a sustainable energy
economist at Simon Fraser University, said that it was a strategic error to
diverge from revenue neutrality.
According to Ken Peacock,
chief economist at the Business Council of British Columbia (BCBC), part of the
problem is that the government has abandoned revenue neutrality. If they are
truly interested in reducing emissions, while continuing to foster investment
and make business viable, they would provide some offsetting tax relief[13].
(5)
Other Alternatives
By 2030, the large-emitter trading system would
account for 23 per cent to 39 per cent of avoided emissions from all federal
policies implemented to date, the CCI report estimates. That compares to just
eight per cent to nine per cent for the “fuel charge” paid by consumers purchasing
gasoline and diesel. The second-largest
emissions reduction would come from an emissions cap on oil and gas production,
which can be done by Carbon emission quota trading. Methane reduction regulations would account for the
third-largest reduction[14].
Other alternatives not mentioned above include:
*Development and utilization
of solar energy, wind energy, water power, etc. to reduce dependence on fossil
fuels. Through policy support and investment, Denmark has become a leading
country in renewable energy. They encourage the development of wind and solar
energy, attract investment through preferential policies, and strengthen
cooperation with industry to promote innovation and development of renewable
energy technologies. Denmark's energy supply has become almost 100% renewable,
and carbon emissions have been reduced accordingly.
*Carbon capture and storage to
capture and store carbon dioxide from the atmosphere and reduce carbon
emissions
*Forest and farm conservation
and restoration to protect and restore forests as carbon sinks to absorb carbon
dioxide and reduce carbon emissions and to promote sustainable agricultural
practices that reduce the use of fertilizers and pesticides, improve soil
health, and reduce agricultural carbon emissions
*Energy efficiency
improvements with a short payback period and significant cost benefits. By
reducing energy consumption and reducing energy costs, economic benefits can be
realized in a relatively short period of time.
3. Immigration Policy
1) Total Volume of Immigrants
Andrew Grantham, an executive director at CIBC
Economics, estimates that since 2019, Canada’s population growth has risen by
around 1.1 million, or 35 per cent, more than housing availability could
accommodate. He added that the increase “has eclipsed labor force needs” by
between 200,000-700,000, or between five and 20 per cent. However, for persons
born within Canada, the participation rate has declined by almost three per
cent since 2015[15].
According to Statista, the number of immigrants into Canada was respectively
468,817, 493,236, and 226,314 in 2023, 2022 and 2021[16]. Currently, annual
immigration in Canada amounts to almost 500,000 new immigrants – one of the
highest rates per population of any country in the world. As of 2023, there
were more than eight million immigrants with permanent residence living in
Canada - roughly 20 percent of the total Canadian population[17].
2) Structure
(1) Refugees
According to a report, half of
the increase in number of immigrants from 2015 to 2023 is accounted to India,
and almost 20% is accounted to refugees. The unemployment rate for refugees
aged 25 to 54 is 9%, lower than that of Canadian-born citizens (6%)[18].
(2) Indians
The distribution of immigrants
should be fair, even, sustainable and easy for people to integrate into the
Canadian culture. Yet the present trend is not so. The writer is not
discriminating against Indians, but he urges the government to ponder over the
scenario and arrive at a fairer and soberer decision.
In the 9 years from 2015 to 2023,
the number of permanent residents approved by the Federal Government has increased
by 73%. Within the 471,550 people approved, 139,715 were from India, accounting
for 29.63% of the total, and almost equaling the total of all the top 10
countries except for India. Moreover, the rate of increase from 2015 to 2023 is
3.5 times, while the rate of increase for China remains relatively the same and
the one for Philippines even drops about 46.2%. In addition, within the 1.04
million study permits approved (note that in the United States, which has a
population and economy that is almost ten times that of Canada, the total
number of international students is 1.36 million), 40% are for Indian students.
All the study permits of the countries from the second to the tenth added
together just account for 75% of the study permits for Indian students. The
rate of increase for the period is even more astonishing: 9 times from 2015 to
2023. In 2023, Canada issued a total of 4.32 million visitor visas (which is
going to drop to 2.7 million in 2024, yet still significantly higher than 1.4
million in 2022). Among them, India deserves to be ranked first again, reaching
1.28 million (also 9 times higher than in 2015), followed by Ukraine with
516,000 (683,000 in 2022), and China with 386,000. Each year India has added
140,000 new permanent residents, 270,000 international students, and 1.28
million temporary visa holders. With LMIA work permit and spouse work permit
holders that we cannot count to be added, there will be nearly 2 million
Indians every year coming to Canada[19].
The Federal government has also set up many small
immigration categories and invites specific applicants individually. The total
quota in EE has not increased at all. While the total number of invitations is
still the same, a considerable part of it is given to applicants from special
occupations and French speakers. For the rest, the quota in the large pool has
plummeted. The writer doesn't agree with this type of targeted invitation
mechanism. There are two reasons. The first and most important is that Canada
has lost the principle of fairness in immigration. Those specific groups
invited through targeted invitations have extremely low invitation scores. For
example, French-speaking applicants can pass by 338. Even someone from a former
French colonial country in Africa can easily score more than 300 points as long
as they have attended university. A master's student who has received 6 years
of university education in Canada has contributed hundreds of thousands of
Canadian dollars to Canadian GDP[20]. After graduation, he has
worked hard for 3 years and achieved perfect English scores. Yet he has no
chance to stay. But a lucky person who has never been to Canada can immigrate
easily with lower conditions and costs. Who among them has made greater
contributions to Canada, and who has a stronger sense of belonging to this
society?
There are some other problems. A senior teacher with
more than 30 years of education experience and double master's degrees who
received education in the United States cannot be a teacher in Canada. Because
of her American qualifications, Canada does not recognize her. On the other
hand, in the past year or so, there has been a special shortage of early
childhood education in BC. Since 2023, 2,296 applicants from the early
childhood education industry have been invited. But people in BC should also
understand that everyone is rushing to immigrate to become a preschool
educator. After obtaining immigration, how many can persist in the position of
preschool education with the escalating cost of living? Nevertheless, Bill C-19
gives immigration authorities almost unlimited power. Policies that have been
implemented for decades can be changed at any time. Today’s Canadian
immigration policy can be said to be above the law[21]. Once upon a time,
Canada's immigration system was a model for the world, but now it has become a
political tool in the hands of politicians, and to a certain extent, a weight
in the exchange of interests.
4. Trade Policy
1) Reliance on the US
Do the US and Canada enjoy a
cozy partnership relationship? Let’s hear what David Cohen (last US ambassador
to Canada) said in November 2023 when meeting with business leaders in Ottawa.
He said, "as I began to travel around Canada, I was surprised to learn the
pervasiveness of the loss of trust, on Canada's part, of the United States."[22] However, there is the
inertia that Canada relies on Americans to do business though the first bill
signed by President Biden was to veto the $9 billion Keystone XL oil pipeline (to
be laid out from Alberta to Oklahoma) project in Alberta[23].
(1) Inflation Spread
As the two countries tend to
resonate with each other on world stages, the side-effects may also be evident.
For example, the same interest rate policy may bring forward an inflation
spread from the US, let alone some other consequences.
(2) Fragility
United States Government debt
accounted for 124.3 % of the country's Nominal GDP in Dec 2023, compared with
the ratio of 122.9 % in the previous quarter[24]. Canada Government debt
accounted for 67.8 % of the country's Nominal GDP in Mar 2023, compared with
the ratio of 73.0 % in the previous year[25].
(3) Stability
Canada is a country heavily
reliant on imports as well as foreign direct investment. Therefore, a good
relationship with its trading and other business partners may be a wise
decision. Also, a multilateral relationship can get Canada in a more
advantageous position and more room for diplomatic negotiation.
2) Impacts of Ideology
(1) China
With
the past imprisonment of Wanzhou Meng of Huawei and the foreign interference
inquiry at the Parliament, dark clouds still hang over the unpredictable China-Canada
relationship though Canada needs many imports as well as immigrants from China.
(2) India and Bangladesh
With Nur Chowdhury (who,
though wanted since 1975 as a murderer of the past president of Bangladesh, has
now quietly lived in Toronto for the past 27 years) still sheltered by the
Federal Government of Canada, the relationship cannot go further. For India, after
Prime Minister Justin Trudeau's unprecedented and explosive allegation that the
Indian government had a hand in the June killing of Canadian Sikh activist
Hardeep Singh Nijjar, Canada found itself at the centre of a geopolitical rift.
India has so far denied Trudeau's allegations and since branded Canada a
"safe haven for terrorists, extremists" and "anti-India
activities."[26]
(3) Britain
Roughly half (54%) agree (20%
strongly/33% somewhat) that now that Queen Elizabeth II’s reign has ended,
Canada should end its formal ties to the British monarchy[27]. In a past Angus Reid
poll, more than half of respondents (52 per cent) said they don't want Canada
to continue as a constitutional monarchy for generations to come, and of them,
the vast majority (88 per cent) said they'd be fine with opening the
constitution to break the ties. In Quebec, 66 per cent of respondents are
against Canada remaining a constitutional monarchy. most respondents (60 per
cent) oppose even recognizing Charles as King. Just 28 per cent say they have a
favourable view of Charles, while nearly half (48 per cent) do not[28]. The effects on Canada as
a Common Wealth country are yet to be confirmed.
(4) Saud Arabia
For a long period since 2018,
bilateral relations have gradually soured as a high-profile diplomatic spat
began over the Canadian government's public condemnation of the Saudi
government's human rights abuses. Canada had called for the immediate release
of Saudi activist Raif Badawi and his sister Samar Badawi on 5 August 2018
after they were arrested by Saudi authorities on varying charges. In response,
the Canadian government was accused of interfering in Saudi Arabia's internal
affairs; the Canadian ambassador in Riyadh was declared persona non grata and
expelled from the country, having been given 48 hours to leave. The Saudi
ambassador in Ottawa was also recalled, and the Saudi government suspended all
new trade (excluding oil sales) with Canada, terminated all flights and
services of Saudia to Toronto, and cancelled the scholarships of thousands of
Saudi students in Canada[29].
In May 2023, Canada and Saudi
Arabia restored their diplomatic ties, but with limitations.
III.
Policy Options
1. Keep the Status Quo
As all can see, the present
situation is not what Canadians want. Many have left their family behind and
burnt the bridge to come to their land of dream, only to find this land is
getting more and more barren, more and more bizarre. Actions need to be taken
when it is still not too late.
2. Make Some Changes
Changes must be made to
address the macro-economic problems. We may not know what works for some areas,
but we know what does not work. We can learn from the past of our history, and
we can also learn from our peers active on the international stage.
IV.
Conclusion
Now is the high time to
reflect on our macro-economic policies, make a solid break and turn to a much
brighter future as we have our next generation behind as well as the gaze of
foreign onlookers upon us.
衰落还是发展:这是一个问题(摘要)
到2000年,加拿大的人均GDP开始落后于美国,与其他发达经济体持平。然而,这种情况仍在继续恶化。这是由于一些重大宏观经济政策出现问题造成的。利率是一种作用广泛的工具,不能单独使用和反复使用。价格取决于供应和需求。虽然政府需要照顾广大民众的生活成本,但召集杂货集团来降低价格并不是明智的选择,这时需要从国内外引入竞争。碳税在财政、经济和技术上都不可行。这一政策业不是连贯的、收入中立的和有效的。2015年至2023年期间,移民和游客数量超过了必需数,而且其结构是极其不健康和不可持续的。由于加拿大严重依赖进口,尽管文化和意识形态可能存在差异,但与中国、印度、英国和沙特阿拉伯等一些主要贸易伙伴保持长期友好关系非常重要。现在必须做出改变来解决宏观经济问题。我们可能不知道什么对某些领域有效,但我们知道什么不那么有效。我们可以从历史中汲取教训,也可以向活跃在国际舞台上的同行学习。我们必须采取行动,创造更加光明的未来,因为我们有下一代,也有海外旁观者在看着我们。
关键词:宏观经济政策、碳税、移民、贸易、价格
[1] “$50B orgy of spending”: Poilievre mocks Trudeau for latest federal budget, Global News, 17 April 2024, https://youtu.be/8WQMiSnLllA?si=oWmCnmJ-Ph4TCf0i.
[2] Trading Economics: Canada - Imports Of Goods And Services (% Of GDP), April 2024. https://tradingeconomics.com/canada/exports-of-goods-and-services-percent-of-gdp-wb-data.html.
[3] Trading Economics: Canada - Imports Of Goods And Services (% Of GDP), April 2024. https://tradingeconomics.com/canada/imports-of-goods-and-services-percent-of-gdp-wb-data.html#:~:text=Imports%20of%20goods%20and%20services%20(%25%20of%20GDP)%20in%20Canada,compiled%20from%20officially%20recognized%20sources.
[4] Ziheng: Canada continues to tighten this policy, give anyone a way
to live? Is Trudeau's forward-thinking policy reckless? High Perspective
Information, Dec 12, 2023. Please check https://mp.weixin.qq.com/s/zPekDrk3uwTvIBpXrPqKoQ.
[5] SaskatchewanGovernmnet:Saskatchewan Responds To Unaffordable, Unconstitutional And Unattainable Proposed Federal Clean Electricity Regulations, Nov 21, 2023. Please check https://www.saskatchewan.ca/government/news-and-media/2023/november/21/saskatchewan-responds-to-unaffordable-unconstitutional-and-unattainable-proposed-federal-clean-elect.
[6] Ross McKitrick and Elmira Aliakbari: Here’s what the Trudeau government won’t tell you about its $170 carbon tax, Calgary Sun, May 1, 2021. Please take time to read the article
[7] Elmira Aliakbari and Jairo Yunis: Ottawa must be transparent about real cost of carbon tax, Calgary Sun, April 13, 2022. Please take time to read the article by clicking the link
https://www.fraserinstitute.org/article/ottawa-must-be-transparent-about-real-cost-of-carbon-tax.
[8] Daniel Johnson: Auto leader says EV sales targets 'need realism, BNN Bloomberg, 3 Jan 2024, https://www.bnnbloomberg.ca/auto-industry-leader-weighs-in-on-federal-ev-targets-1.2017184.
[9] The environmental costs of EV batteries that politicians don't tend to talk about, CBC, December 30, 2023. Please take time to read the article by clicking the link https://ca.yahoo.com/news/environmental-costs-ev-batteries-politicians-090000345.html.
[10] Kenneth P. Green:Trudeau shatters myth of ‘ideal’ carbon tax,Ottawa Sun, November 22, 2023. Please take time to read the article by clicking the link
https://www.fraserinstitute.org/article/trudeau-shatters-myth-of-ideal-carbon-tax.
[11] Shivangi Sharma: Carbon tax raised, protest from prairie premiers, the Carillon, 11 April 2024, https://carillonregina.com/carbon-tax-raised-protest-from-prairie-premiers/.
[12] Please take your precious time to read the comprehensive article by clicking the link https://torontosun.com/opinion/columnists/goldstein-the-carbon-tax-went-up-and-so-did-canadas-emissions.
[13] Nelson Bennett: Can Canada have an effective climate action policy without a carbon tax? Business Intelligence for B. C., 22 April 2024. Please check the article by clicking the link https://www.biv.com/news/environment/can-canada-have-an-effective-climate-action-policy-without-a-carbon-tax-8634670.
[14] Nelson Bennett: Can Canada have an effective climate action policy without a carbon tax? Business Intelligence for B. C., 22 April 2024. Please check the article by clicking the link https://www.biv.com/news/environment/can-canada-have-an-effective-climate-action-policy-without-a-carbon-tax-8634670.
[15] Daniel Johnson: Canada's population growth was 'too much, too soon,' despite some positives: economist, BNN Bloomberg, 18 April 2024. Please also check the website by clicking the link: https://www.bnnbloomberg.ca/canada-s-population-growth-was-too-much-too-soon-despite-some-positives-economist-1.2060995.
[16] Statista
Research Department: Number of Immigrants in Canada from 2000 to
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[17] Statista
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[18] UNHCR: Refugees in Canada, as accessed on 23 April 2024. Please also take time to check the data by clicking https://www.unhcr.ca/in-canada/refugees-in-canada/.
[19] The Truth
behind Indian Immigrants Taking over Canada (in Chinese), David on Exploring
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[20] What has
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worse (in Chinese)? David on Exploring Canada, 2 April 2024. Please take time
to read the article by clicking https://mp.weixin.qq.com/s/f5iNgsujw1XDonESP2FCDw.
[21] What has
happened in Canada when the immigration situation has taken a turn for the
worse (in Chinese)? David on Exploring Canada, 2 April 2024. Please take time
to read the article by clicking https://mp.weixin.qq.com/s/f5iNgsujw1XDonESP2FCDw.
[22] James McCarten: A 'watershed year' for Canada-U.S. relations, but guess who's lurking in the wings? CTV News, 24 Dec 2023. Please click the link below to view the interesting article https://www.ctvnews.ca/politics/a-watershed-year-for-canada-u-s-relations-but-guess-who-s-lurking-in-the-wings-1.6696589.
[23] Reuters: Developer officially cancels Keystone XL pipeline project blocked by Biden, 11 June 2021. Please take your precious time to read the whole comprehensive article by clicking the link https://www.reuters.com/business/energy/tc-energy-terminates-keystone-xl-pipeline-project-2021-06-09/#:~:text=Keystone%20XL%2C%20which%20was%20proposed,of%20the%201%2C200-mile%20project.
[24] SEIC: United States Government Debt: % of GDP, December 2023. Please also check https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp#:~:text=United%20States%20Government%20Debt%3A%20%25%20of%20GDP,-1969%20-%202023%20%7C%20Quarterly&text=United%20States%20Government%20debt%20accounted,Mar%201969%20to%20Dec%202023.
[25] SEIC: Canada Government Debt: % of GDP, March 2023. The reader may access the source at
[26] Saloni Bhugra, Satbir Aulakh: Why Canada is becoming the focus of
India's concerns about the Sikh separatist movement, CBC News, 15 Oct 2023.
Please take your time to read the article https://www.cbc.ca/news/world/canada-india-khalistan-sikh-separatism-1.6983554.
[27] Canadians Conflicted on Future Role of Monarchy as Half (54%) Say Canada Should End Ties to Monarchy, Ipsos, 18 Sept 2022. Please check the article by clicking the link at https://www.ipsos.com/en-ca/news-polls/canadians-conflicted-on-future-role-of-monarchy#:~:text=Canadians%20are%20very%20much%20split,up%20from%2044%25%20in%20201.
[28] Poll suggests most Canadians don't want Charles as King, CBC News,
24 Apr 2023. https://www.cbc.ca/news/canada/king-charles-coronation-canadian-weak-support-interest-1.6816980.
[29] Canada–Saudi Arabia relations, Wikipedia, accessed on 23 April
2024. Please check https://en.wikipedia.org/wiki/Canada–Saudi_Arabia_relations#:~:text=Canada%20and%20the%20Kingdom%20of,recipients%20of%20Canadian%20military%20equipment.