So far, the story of how to cut inflation in Canada down to size has been a very simple one: higher interest rates.
If your budget isn’t squeezed and your mortgage rate isn’t up for renewal, you might say, “Yes, please!” and carry on with your summer.
Now what if I told you that every time the Bank of Canada has tried to fight high inflation with higher interest rates, a recession followed? Like, every single time over the past 60 years.
Vancouverites were taken aback last week at the news that city council, in a divided vote, passed a motion by Green Party Coun. Adriane Carr to allocate up to $700,000 towards a class action lawsuit against fossil fuel companies.
This measure was instantly slammed as a performative stunt and window dressing for the enviro vote as we head into election season.
Environment minister floats extended timeline for sector, which accounts for 26 per cent of national emissions
Canada's environment minister says the federal government could give oil and gas companies extra time to fully meet 2030 emissions reduction targets.
"[We] recognize that some of the measures that will be needed to achieve those deep emission reductions might require more time than what we have between now and 2030," Steven Guilbeault said in an interview with CBC Radio's The House.
A very important political reality that many of us progressives don't really know about and understand the workings of. Obviously, Canada is not immune. Not mentioned in the article is a commercial movie on related matters that you all might find interesting. It's entitled "The Loudest Voice" and deals with the career of Roger Ailes and his FOX News. Russell Crowe plays Ailes convincingly.
For the third consecutive day, hundreds of independent truckers protested Wednesday at the Port of Oakland. The truckers’ main demand is the repeal of provisions in California State Assembly Bill 5 (AB5), which would eliminate much of the independent trucking industry on the docks. Hundreds of truckers blocked the entrances to the docks with their trucks, bringing operations to a standstill.
Ukraine’s Parliament has passed two bills that obliterate workers’ rights to collective bargaining and other fundamental labour protections, and allow employers to put up to 10% of their workforce on “zero hour” contracts leaving them without any control over their working lives.
If signed by President Volodimir Zelenskyy, the bills will become law. The ITUC Ukraine affiliates FPU and KVPU have condemned the moves.
![Truckers gather to protest AB 5 at Port of Los Angeles, July 14, 2022 [Photo by Cindy Perez]](https://ecosocialistsvancouver.org/sites/default/files/styles/medium/public/article-image/ef25fa2ccdc4a68f87604bafa0625bb144f89bca.jpg?itok=rKUR-ru_)
