Politics
Canada’s Population Explosion Under Trudeau Triggers Housing Shortage
The Trudeau government declared on March 21, 2024, that it would accept fewer temporary residents due to the difficulty of assimilating so many newcomers so quickly. However, population growth appears to be accelerating in 2024.
Statistics Canada’s Labour Force Survey, the population aged 15 and over increased by approximately 411,000 in the first four months of the year, representing a than 50% increase over the four-month growth in early 2023.
This new acceleration was the focus of a recent research paper by Stéfane Marion, chief economist at the National Bank of Canada. “The demographic shock is getting worse in Canada,” he told Canada’s Globe and Mail.
Canada is seeing its strongest population expansion in decades, thanks almost exclusively to foreign migration, which includes the entrance of temporary workers and students. The population increased by about 1.3 million last year, or 3.2%, the fastest rate since the late 1950s.
Every month, tens of thousands of households participate in Statistics Canada’s labour survey. While the government includes population data in its monthly jobs report, they are not official estimates. Statscan publishes a different population report on a quarterly basis; the next edition is due June 19.
Nonetheless, these data indicate that Canada’s economy has remained strong to begin the year, which could complicate the federal government’s efforts to limit migration.
For the first time, the Trudeau government will impose limits on temporary residents beginning this fall. The government aims to reduce this group to 5% of the total population during the next three years; at latest count, they accounted for 6.5%.
Given those plans, “it would seem that many people have decided to come to Canada earlier,” Mr. Marion said, stressing that housing affordability may worsen in the short term.
Several analysts have predicted that Canada’s population growth will eventually decrease to approximately 1% when these new laws take effect.
Housing Affordability in Canada
Meanwhile, Stéfane Marion fears that housing affordability difficulties will increase amid another surge in immigration numbers.
“Demographic shock is worsening in Canada. The working-age population (aged 15 and over) increased by more than 100,000 in April, bringing the total to more than 410,000 after four months in 2024.
According to today’s Hot Chart, this is a significant acceleration (+47%) above the 278,000 increase seen in the first four months of 2023. Greater Toronto, where population growth hit a record 107,000 at the start of the year, has accelerated by 66% compared to 2023.
Greater Montreal and Greater Vancouver have not lagged behind since the beginning of 2024, with growth more than doubling that recorded in 2023.
With Canada’s Minister of Immigration, Refugees, and Citizenship, Marc Miller, announcing plans to curb immigration in 2025, it appears that many people have decided to come to Canada sooner.
Housing affordability issues could increase in the coming quarters, as we approach another record year of population growth.
RBC indicates a loss of affordability in Canada
RBC’s aggregate affordability score for Canada increased by 2.8 percentage points to 62.5% as mortgage rates rose and property prices rose somewhat. (An increase in the measure indicates a loss of affordability.) This reversed a little improvement in the second quarter.
The issue is particularly acute in Vancouver, Victoria, and Toronto, where property ownership is extremely expensive. Ottawa, Montreal, and Halifax also confront difficult affordability issues.
Last quarter, purchasers’ already bad situation deteriorated even further. A typical household required to set aside an additional 4.4 percentage points of its income to afford the costs of owning an average home at current prices and interest rates.
In fact, the entire income of that (median) household was insufficient, with RBC’s aggregate affordability metric coming in at an amazing 102.6%. The only practical choice for most ordinary consumers remains a less expensive condo apartment, which is still out of reach for many.
Home purchase activity has cooled again after unexpectedly rebounding last spring. Furthermore, prices are beginning to fall from their summer highs. In the face of significant affordability pressures, we believe the downward trend may accelerate in the near term.
Keywords: Canada News, Canada Population
Politics
Judge Sides With Special Counsel Over Trump’s 2020 Election Case
The federal judge supervising former President Trump’s case in the aftermath of the 2020 election spelled out the timeline for the prosecution’s next actions following the Supreme Court’s declaration that Trump is immune for “official acts.”
Hours after the two parties met in her courtroom earlier Thursday, U.S. District Judge Tanya Chutkan issued an order that generally supported special counsel Jack Smith’s timing proposal.
Former President Trump faces four counts in connection with his alleged efforts to alter election results, including conspiracy to defraud the United States. Trump pleaded not guilty to the allegations again, but waived his appearance in court on Thursday CBS News reported.
The judge’s order rejects Trump’s lawyers’ proposed timeline for extending pretrial hearings into the spring or fall of 2025, well beyond the November presidential election.
Smith and his team had pushed for immunity conversations to take place alongside motions and other matters raised by the former president’s legal team.
Chutkan ordered federal prosecutors to send over all necessary information to Trump’s team by September 10, and Smith’s team had until September 26 to submit an opening brief detailing their views on presidential immunity. Smith’s prosecutors stated in court Thursday that the immunity motion will include fresh material not found in the indictment. Chutkan’s order allows the material to become public before the November election.
The judge set an Oct. 17 deadline for Trump’s team to respond to the special counsel’s claims and file their own motion to dismiss the indictment on immunity grounds. The administration will then have until October 29 to submit their response.
Chutkan stated in her two-page order that once the filings on the immunity issue are received, she will determine whether additional proceedings are required.
The judge also ordered Trump’s lawyers to file a petition by September 19 that includes “any specific evidence related to presidential immunity” that the former president feels prosecutors wrongfully concealed.
The decision also indicates that Trump has until October 24 to petition the court to enable him to file a move to dismiss the case based on accusations that Smith’s appointment and financing are unconstitutional. The special counsel’s team has until October 31 to file documents contesting this request.
The criminal case in Washington, DC, had been delayed several times as courts considered Trump’s immunity from prosecution. From 2017 to 2021, Trump claimed “absolute” immunity for any actions he took as president.
On July 1, the Supreme Court delivered a ruling denying any claims to absolute immunity while allowing extensive “presumptive immunity” to any “official” activities the president may take.
The ruling did not specify what constitutes a “official” or “unofficial” activity, but it implied that conversations with government officials, such as the vice president, would be exempt from prosecution.
As a result, the verdict was interpreted as expanding presidential power beyond what the US Constitution allows.
Related News:
Judge delays Donald Trump’s Hush Money Sentencing Until After the Election
Judge delays Donald Trump’s Hush Money Sentencing Until After the Election
Politics
Judge delays Donald Trump’s Hush Money Sentencing Until After the Election
The sentencing of Donald Trump in his New York hush money trial was postponed Friday until after November’s presidential election, a victory for the Republican as he faces Democrat Kamala Harris in a razor-thin race.
The former president was set to be sentenced on September 18 for fabricating business records in an attempt to hush a porn star’s politically damaging story.
However, Judge Juan Merchan postponed it until November 26 – well after the November 5 election, as asked by Donald Trump’s lawyers.
“This is not a decision this Court makes lightly but it is the decision which in this Court’s view, best advances the interests of justice,” he wrote at the time.
Donald Trump was convicted in May on 34 charges of falsifying business records to conceal hush money payments to porn star Stormy Daniels to prevent her from reporting an alleged sexual encounter on the eve of the 2016 election.
He was originally set to be sentenced on July 11.
However, that was postponed because the US Supreme Court determined that a former president had wide immunity from criminal prosecution.
Following the Supreme Court’s immunity decision, Donald Trump’s lawyers requested that his New York conviction be dismissed. Merchan stated that he would rule on the dismissal request on November 12.
The postponement comes as the already remarkable White House contest enters a new tense phase, with Harris and Donald Trump scheduled for their first televised debate next Tuesday.
Donald Trump’s Public Remarks and Election Campaign Strategies
Instead of addressing major voter issues such as immigration or the economy, Trump was in New York hours before the ruling, making meandering speeches about his numerous legal troubles while denying multiple women’s allegations of sexual harassment or assault.
“This is not the kind of publicity you like,” Trump said from the lobby of Trump Tower, despite spending an hour unprompted reminding voters of his long legal troubles and allegations of rape and sexual assault by various women, including writer E. Jean Carroll.
The legal drama occurred on the day that the first mail-in ballots of the election were scheduled to be distributed.
North Carolina, a battleground state, was expected to mail out some 130,000 absentee voting papers, signalling the symbolic start of a nationwide process that saw 155 million Americans vote in the heated 2020 election.
However, a state appeals court suspended the process in response to a last-minute lawsuit filed by independent candidate Robert F. Kennedy Jr., who wants his name deleted from ballots. The fringe candidate from America’s most famous political dynasty has dropped out and backed Donald Trump.
North Carolina is one of several swing states that Harris and Donald Trump have been visiting as they enter the most intense part of an election that is likely to be determined by razor-thin margins.
Other states will shortly send out initial batches of ballots, and early in-person voting will begin in 47 states as soon as September 20.
Donald Trump is set to speak in North Carolina later on Friday.
Politics
Putin Arrives In Mongolia, A Member Of The ICC That Issued An Arrest Warrant For Him
Scottie Scheffler is exhausted. Can anyone blame him after what he’s been through?
The world number one closed off a year that was equal parts extraordinary and chaotic by winning the season-ending Tour Championship in Atlanta by four shots on Sunday.
Putin | Britannica
Putin Arrives In Mongolia, A Member Of The ICC That Issued An Arrest Warrant For Him
After starting the week with a two-stroke lead at the summit on 10-under par, as a reward for his position atop the FedEx Cup standings, the American cruised over East Lake with a closing four-under 67 to beat compatriot Collin Morikawa to the $25 million winner’s cut of a $100 million prize pool.
It is the first time a player has won seven PGA Tour events since Tiger Woods in 2007, and the haul is even more amazing when you consider the Olympic gold, a newborn son, and the mid-major arrest that highlighted Scheffler’s stunning campaign.
“I feel like I’ve lived almost a full lifetime in this one year,” Scheffler told reporters. “It’s been nuts.”
“I’m exhausted right now,” he explained. “There truly is no other way around it. “I’m just really tired.”
A golden year.
Scheffler’s early edge at East Lake was his reward after an outstanding season.
The 28-year-old appeared almost unbeatable during a prolific early season run, becoming the first player to ever defend The Players Championship before winning the RBC Heritage in April, just one week after clinching his second Masters title at Augusta National, for four wins in five starts.
His greatest victory came just a few weeks later when his wife Meredith gave birth to Bennett, the couple’s first child. Their son came just in time for the PGA Championship, where the Texan was arrested amid dramatic scenes in Louisville.
Following his arrest for driving around a police roadblock outside Valhalla Golf Club, the tournament favorite warmed up in a prison cell. Though the week ended in frustration on the golf course, with Scheffler finishing eight strokes behind winner Xander Schauffele, all accusations were dropped a month later.
Scheffler rebounded to win the Memorial Tournament and the Travellers Championship before clinching Olympic gold with a spectacular nine-under-par final round at Le Golf National in Paris last month.
“People still screaming ‘U-S-A’ after almost a month… “It’s pretty cool,” Scheffler stated.
“I’m very proud to be an American, so bringing home that gold medal was a lot of pleasure. I’m at a loss for words regarding the past year.
“You had the one weird spot there at Valhalla – I just don’t really know what to say about it – but everything else has been pretty special,” remarked the musician.
Putin
Putin Arrives In Mongolia, A Member Of The ICC That Issued An Arrest Warrant For Him
“Just nothing fazes him.”
It appeared to be a procession until Scheffler made a series of uncommon blunders near the conclusion of his front nine, beginning with a skewed drive at the seventh that forced him to escape from under a tree.
That resulted in a bogey, repeated at the next hole when the leader shanked his shot from a greenside bunker, allowing a soaring Morikawa to get within two strokes.
Fittingly for the season, Scheffler dispelled any doubts by making three straight birdies before lasering in for an eagle at the par-five 15th to finish ahead of world No. 4 Morikawa.
“Just nothing fazes him,” Morikawa, who received $12.5 million, told reporters of Scheffler.
“Whether I was close to gaining or gaining ground, it made no difference in how he walked, played, or executed each shot. That is something to learn. His mental game is far stronger than most people realize.
“It’s astounding what he’s accomplished this season and over the last three years. It’s been amazing to see him, and I hope I can take something away from it.
Morikawa and Scheffler’s focus will now shift to the Presidents Cup, as both players have been automatically qualified for US captain Jim Furyk’s team, which will face Mike Weir’s international side on September 24 at Royal Montreal Golf Club in Quebec, Canada.
Putin | BBC Image
Putin Arrives In Mongolia, A Member Of The ICC That Issued An Arrest Warrant For Him
Scheffler was a member of a winning US team in Quail Hollow, North Carolina, two years ago, but he struggled individually, losing three of four matches.
“Emotionally right now, I’m pretty drained, so I’m looking forward to going home and getting rest for a week or so before I start prepping for the Presidents Cup because that’s a tournament that I really want us to go out there and win,” Scheffler said on Wednesday.
Despite facing international isolation as a result of the invasion of Ukraine, Putin visited North Korea and Vietnam last month, as well as China, twice in the past year.
Last year, he joined a conference in Johannesburg via video link after the South African government fought against him attending the BRICS summit, including China and other emerging economies. South Africa is an ICC member.
SOURCE | AP
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