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$ 38 billion promised and never spent: thus the government reduces deficit

by Marzio Pelù

OTTAWA – The federal government failed to spend $38 billion, last fiscal year, intended for promised programs and services, including broadband Internet, new military equipment, affordable housing, veterans support and services to the Natives. The “excuse” is that of delays and interruptions due to the Covid-19 pandemic, but the reality is that unspent funds have played an important role in lowering the deficit: in the year ending March 31, 2022, in fact, Canada ran a deficit of $90.2 billion, $23.6 billion less than budgeted for.  (more…)

Canada, inflation never so high in 40 years: 7.7%

by Marzio Pelù

TORONTO – Inflation rate skyrocketing. Or, better, never like this in almost forty years. To make the historic “picture” is Statistics Canada, which recorded – for the month of May – a percentage increase of 7.7% compared to the same month of 2021 it’s the largest increase since January 1983 when the inflation gained 8.2%. Not only that: the current + 7.7% represents a further increase compared to the + 6.8% of just a month earlier, i.e. April 2022.  (more…)

Millionaire class action against the government: “There has never been a pandemic, now compensate us”

by cnmng

TORONTO – “There is no, and there has not been, a ‘Covid-19 pandemic’  beyond and/or exceeding the consequences of the fall-out of the pre-Covid annual flu”. It is one of the considerations contained in the Statement of Claim (SoC) filed in Federal Court on May 30, by 600 plaintiffs who ask, each, $ 650,000 (for a total of nearly $ 400 million) in “damages from anti-Covid measures “. The defendants are the federal government of Canada, Prime Minister Trudeau, the Ministries Freeland, Alghabra, Mendicino, the medical director Theresa Tam and other members of the federal government.  (more…)

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