PBO confirms hundreds of thousands of Canadians will lose their jobs « Canada’s NDP

November 10, 2022 at 3:30 am  Federal, Politics

PBO report today shows that Justin Trudeau’s inaction to fight inflation and to help with higher interest rates will lead to hundreds of thousands of lost jobs in Canada

OTTAWA – Today, the PBO released a report confirming that approximately 177,000 Canadians will lose their jobs if Justin Trudeau’s Liberal government doesn’t change their approach on inflation. Canada is very likely heading into a recession, and yet, in last week’s Fall Economic Statement, the Liberal government included nothing to help people deal with inflation and increased interest rates or to help folks get through a potential recession.

“People are doing everything right, playing by the rules, but still can’t get ahead. For months they’ve had to find a way to pay for higher grocery and gas bills, and now they’re having to find a way to pay for higher mortgages and credit bills,” said Canada’s NDP Leader Jagmeet Singh. “Today’s PBO report warning about the loss of hundreds of thousands of jobs if we continue in this direction will make things impossibly worse for Canadian families. Yet, Justin Trudeau has no plan and is instead telling families they’re on their own to figure it out.”

While families across the country are having to make hard decisions with their family budgets, some in this country are actually profiting from inflation. Right now, big corporations’ profits are going up twice as fast as inflation – but workers’ wages aren’t keeping up. The NDP has proposed tackling the corporate greed that is driving up costs for families and fixing Employment Insurance so that if a recession does happen, no worker is left behind without supports needed to get by.

“Managing inflation is not just up to the Bank of Canada – the Liberals have a responsibility to act too. They should stop hiding behind the Bank of Canada and show leadership to help folks get through these increasingly difficult times,” added Singh. “New Democrats expect to see a much more diverse strategy from the Liberal government to protect Canadians against inflation, higher interest rates and a recession. Canadians desperately want us to prepare for what is coming. New Democrats won’t give up, will keep pushing the Liberal government to do something and will keep fighting to give you and your family a break.”

View the full article from the original source

No conversations yet

Activity Stream

Sun, Nov 20, 2022 at 8:55 am - Doug Smith posted on their blog: Tranquille Canyon Ramble – Kamloops Trails
Thu, Nov 17, 2022 at 8:57 am - Doug Smith posted on their blog: Island Lake – Grasslands Esker – Long Lake Loop
Thu, Nov 17, 2022 at 8:57 am - Doug Smith posted on their blog: Island Lake – Grasslands Esker – Long Lake Loop
Wed, Nov 16, 2022 at 3:43 pm - David Suzuki posted on their blog: Biodiversity summit offers host country Canada a chance to step up
Mon, Nov 14, 2022 at 8:54 am - Doug Smith posted on their blog: Tranquille River Fall Ramble – Kamloops Trails
Mon, Nov 14, 2022 at 8:54 am - Doug Smith posted on their blog: Tranquille River Fall Ramble – Kamloops Trails
Sun, Nov 13, 2022 at 1:50 pm - Ryan Noakes posted on their blog: I Might Be Starting To Get The Hang Of This Conducting Thing
Fri, Nov 11, 2022 at 8:56 am - Doug Smith posted on their blog: Return to the East Rim Trail
Fri, Nov 11, 2022 at 8:56 am - Doug Smith posted on their blog: Return to the East Rim Trail
Wed, Nov 9, 2022 at 3:17 pm - David Suzuki posted on their blog: Herman Daly saw economy, ecology and ethics as inseparable
Full Stream

Upcoming Events

Sat Sep 17 to Sat Dec 31 KAG: Astral
Sat Oct 1 to Sat Dec 31 KAG: Witnessing
Sat Nov 12 to Sat Nov 26 Barb’s Used Book & Music Sale
Tue Nov 22 Tuesday Night Trivia at Carlos O’Bryan’s
Wed Nov 23 Wednesday Night Trivia at Fox’N Hounds Pub
Wed Nov 23 to Sat Nov 26 Drew McLean Comedy Festival
Thu Nov 24 Thursday Night Trivia at Tumbleweeds Pub
Thu Nov 24 Thursday Night Trivia at Rick’n Firkin Pub
Thu Nov 24 Music Bingo
Thu Nov 24 Bros
Thu Nov 24 Vengeance
Fri Nov 25 to Sat Nov 26 Shawn Lightfoot Band
Fri Nov 25 Karaoke
Fri Nov 25 Serious Dogs
Fri Nov 25 See How They Run
All Events