Canada’s ‘Sensible and Positive’ Budget 2022

by John Brian Shannon

April 7, 2022

After the grievous COVID years, Canada’s economy appears to have landed on it’s feet — and credit is due to the resilient people of Canada, to Canada’s business sector, to the unsung heroes working in Hospitals and in NGO’s, and to the government of Canada headed by Prime Minister Justin Trudeau, and his Deputy Prime Minister / Minister of Finance Chrystia Freeland.

This isn’t to dismiss the contribution of Canada’s New Democratic Party (NDP) with which the Liberal Party of Canada (LPOC) under PM Trudeau has recently signed a Supply and Confidence agreement in order to provide a virtual majority government as we transition out of the COVID economy.

The NDP occasionally votes with the LPOC on legislation of mutual interest, but due to the recent signing of the Supply and Confidence agreement the LPOC and the NDP will for all intents and purposes function as a single political unit until 2025 — thereby guaranteeing that any legislation the two parties want to pass, will succeed — no matter how the members of Canada’s official opposition party (the Conservative Party of Canada) feel.


Highlights of Budget 2022

This budget is about three things: a) Helping to facilitate a better Green Economy in Canada, b) Affordability, with a special focus on housing, and, c) rolling out a free Dental Care programme for under-12-year-old children who live in families with a household income of less than $90,000/yr.

Here’s a short video of Dawna Friesen (Global National’s News Anchor / Executive Editor) interviewing Finance Minister Chrystia Freeland about Budget 2022, followed by analysis from reporter David Akin (Global TV’s Chief Political Correspondent) and Mercedes Stephenson (Global TV’s Ottawa Bureau Chief) from 00:45 to 16:05 in the video.

Noteworthy:

  1. Canada’s total debt will fall, it’s Debt-to-GDP ratio will fall, and the size of the annual budget deficit will fall from 2% of GDP in 2022 to .5% of GDP by 2027.
  2. Canada is only one of eleven countries in the world with a AAA credit rating (from both the S&P and Moody’s & Fitch bond rating services) while the country’s total debt and it’s Debt-to-GDP ratio are the lowest in the G7.

This is only possible because Canada’s economy is rocketing along at the moment.

And the reason for it is because Justin Trudeau’s government acted swiftly and decisively to protect Canadians when COVID first hit, otherwise, the economy would be suffering the same sort of post-COVID malaise seen in other countries.

Here’s the ‘money quote’: Justin Trudeau’s Liberal government (skilfully) navigated the perilous COVID era, then (brilliantly) signed a Supply and Confidence agreement with Canada’s New Democratic Party, and now has presented a (sensible and positive) budget that will give Canadian citizens confidence and the business sector welcome thrust as we transition out of the Coronavirus economy.

Pleasantly surprised, I’d have to say. It appears that the team of PM Justin Trudeau and Finance Minister Chrystia Freeland, along with the recent signing of the Supply and Confidence agreement with Canada’s New Democratic Party is a winning combination for this country. Well done.

Canada’s treasury ‘depleted’ as budget weans COVID spending, eyes uncertainty

With 82% Vaccinated, most New Cases are the Delta Variant – And There’s No Delta Specific Vaccine (Yet)

by John Brian Shannon

August 10, 2021

Officials in British Columbia, Canada are admitting that 82 per cent of BC residents over age 12 vaccinated with one COVID-19 vaccination (and 70.3 per cent having received two jabs) most new COVID cases admitted to the province’s hospitals in recent days have been the newer, more dangerous, and more easily transmissible Delta variant of the COVID-19 coronavirus.

As yet, there’s no vaccine that’s been approved anywhere to specifically combat the more dangerous Delta variant.

In BC (which is a great place to track coronavirus due to the plethora of information released by the Public Health Officer for British Columbia, Dr. Bonnie Henry) new COVID-19 cases are rising, especially in the province’s interior.

Over the past three days, 1079 new cases have been reported in BC with more than half of those occurring in the Interior Health Region. The majority of these patients are otherwise healthy people in the 20-40 year old age group, and most of them have had one COVID-19 vaccination or more.

Some have had one or two Moderna vaccinations (both the initial vax and the second ‘booster’ vaccination) others have had the AstraZeneca single dose jab, while others have had the Pfizer vaccination (both the initial vax and the second ‘booster’ vaccination).

Yet others have mixed and matched their vaccination brand/type either for convenience, or because they thought that by having an initial dose of one vaccine brand/type, followed by a different brand/type as a ‘booster shot’ that they might obtain some kind of synergistic immunity to the original COVID-19 and later variants.

I think that’s a good idea — but only because there’s more than one strain of COVID-19 making the rounds. Mixing and matching might offer a broader level of protection across coronavirus variants.

However, it looks like the COVID-19 Delta variant is beyond the ability of the vaccines presently available because fully vaccinated people are still ending up in hospital with the Delta coronavirus variant. Early studies in the UK and the USA seem to bear this out. But the data is still forming — we’ll know more in 90-days.


Conclusion?

Just when we were going to finally get rid of those stupid (and potentially life saving) masks, it may be even more important to wear them now than at the beginning of the coronavirus pandemic. Facepalm!

My advice:

If you feel you need to wear a mask (anywhere!) then wear that mask and don’t listen to the naysayers.

And if you are in a place where you feel safe, decide for yourself whether you want to wear a mask.

If you feel the need to continue working from home, then do it! You might be saving yourself from an even worse pathogen than the novel coronavirus that surfaced in 2019.

And if you don’t want to wear a mask in public, but a sign on the door requests you to wear a mask, please do. It’s not a big sacrifice and the life you save might be your own.

At least be Canadian and be polite about it.

The people in the shops don’t make the rules — the Provincial Health Officer, aided by a huge organization that is dedicated to getting it right every day of the year, along with volumes of statistics pouring-in from the province’s hospitals and Doctors, are trying to protect us from a horrific illness that is getting stronger with every variant.

Remember to: Be Kind. Be Calm. Be Safe.

I wish you and your family, good health.


Resources:

Oh Canada!

O Canada anthem poster
Image courtesy of the Canadian government/Canadian Heritage.

Official lyrics of “O Canada” — English version

O Canada!
Our home and native land!
True patriot love in all of us command.

With glowing hearts we see thee rise,
The True North strong and free!

From far and wide,
O Canada, we stand on guard for thee.

God keep our land glorious and free!
O Canada, we stand on guard for thee.

O Canada, we stand on guard for thee.

(English version sung by Julie Nesrallah MP3 — 2.22MB — 00:01:36)


Official lyrics of “O Canada” — French version

Ô Canada!
Terre de nos aïeux,
Ton front est ceint de fleurons glorieux!

Car ton bras sait porter l’épée,
Il sait porter la croix!

Ton histoire est une épopée
Des plus brillants exploits.

Et ta valeur, de foi trempée,
Protégera nos foyers et nos droits.

Protégera nos foyers et nos droits.

(French version sung by Nathalie Paulin MP3 — 2.17MB — 00:01:34)


Information courtesy of the Government of Canada (Heritage Services)