Food & Energy

Inflation Hikes Poverty Rates

By Valerie / June 13, 2024 /

The cost of living has overtaken years of progress in lowering poverty rates, says a federal report. The Department of Social Development counted almost a half million Canadians who fell into poverty due to inflation.

“Future increases in the rate of poverty could stall progress towards reaching the 2030 poverty reduction target of a 50 percent reduction in poverty versus 2015 levels,” said a Briefing Binder. The department estimates 9.9 percent of Canadians, some four million people, live in poverty compared to 6.4 percent in 2020, the equivalent of “approximately 400,000 more Canadians,” it said. “High inflation coupled with lagging household incomes has led to affordability pressures among many households.”

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Eat Your Yogurt: Researchers

By Valerie / June 13, 2024 /

The Department of Health is rewriting regulations to permit vitamin D supplements in yogurt similar to fortified milk. Federal data confirm as many as seven percent of Canadians have a vitamin D deficiency due to long, dark winters.

“Vitamin D is important for bone health yet many people are not getting enough,” the department wrote in a Regulatory Impact Analysis Statement. It issued a legal notice under the Food And Drugs Act permitting vitamin D supplements in yogurt and kefir, a type of fermented milk.

Yogurt sales alone are worth $2.9 billion a year, by official estimate. “This regulation will not result in any price effect on the supplies of yogurt and kefir in Canada due to the competitive nature of the food market,” said the notice.

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175,000 Mortgages A Concern

By Valerie / June 12, 2024 /

Superintendent of Financial Institutions Peter Routledge yesterday told MPs he is “very concerned” about interest rate shocks facing tens of thousands of mortgage borrowers. Some homeowners will see payments jump 50 percent on average, he said.

“Mortgagors who in particular during the pandemic took out variable rate mortgages that had fixed payments, those folks could face mortgage payment increases of around 50 percent,” Routledge told the Commons finance committee. “It varies by mortgage and timing but 50 percent is sort of a good ballpark. That is a very significant shock to monthly finances and one we are very concerned about.”

“Are we facing a mortgage renewal cliff?” asked New Democrat MP Don Davies (Vancouver Kingsway). “I wouldn’t use that analogy,” replied Routledge.

“It is not dramatic, it is incremental,” said Ro

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Bill To Fix ‘This Crazy World’

By Valerie / June 12, 2024 /

A federal ban on replacement workers in case of strikes or lockouts will bring “certainty in this crazy world,” Labour Minister Seamus O’Regan said yesterday. The bill reflects the power and influence of Canadian labour, he said.

“Wherever I can reduce anxiety and increase stability and certainty in this crazy world I will,” O’Regan testified at the Senate social affairs committee. “That is the whole design.”

Bill C-58 An Act To Amend The Canada Labour Code would restrict federally regulated employers including banks, marine shippers, railways and telecom companies from using replacement workers in strikes or lockouts under threat of $100,000-per day fines. The bill passed the Commons May 27 by unanimous vote.

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0:21 / 1:16:37 Fraud Week: How Crypto Convict Made Millions Before Getting Caught, with Ray Trapani & Jonny B Good

By Valerie / June 12, 2024 /

On this episode of “Fraud Week,” Megyn Kelly is joined by Ray Trapani, whose story was told in the Netflix doc “Bitconned,” and his “Creating a Con” podcast co-host and friend Jonny B Good. They discuss Trapani’s life growing up, the challenges he faced, his early life of crime, how he scammed pharmacies, exposing the flaws in the system, the “bold” fraud that brought in millions before anyone caught on, the logistics of crypto, the way a crypto journalist mistakenly validated Trapani’s company, how much fraud exists in the crypto universe, the “fake CEO” installed as the head of Ray Trapani’s crypto …

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Freeland offers word salads when asked about capital gains tax increase Freeland gets asked point blank if the new tax will hit middle class Canadians, and offers word salad non-responses.

By Valerie / June 12, 2024 /

Liberal Minister Chrystia Freeland refused to ensure Canadians that middle-class workers like plumbers, carpenters, and restaurant owners will not be hurt by their recently approved capital gains tax hike.The Finance Minister’s refusal to provide assurance came during a tense exchange in Parliament, where Freeland dodged direct questions about the impact of the tax increase on small business owners and tradespeople.

Conservative leader Pierre Poilievre criticized the Liberal government for targeting the very people it claims to support.

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Smith says it’s her job to fight — and win — the War Room battle

By Valerie / June 12, 2024 /

It’s her burden to bear.

Alberta Premier Danielle Smith said she essentially disbanded the infamous ‘war room’ because it’s her job to take Alberta’s energy fight to Ottawa on her own terms.

And while the Canadian Energy Centre (CEC) has provided valuable research and data, at the end of the day she said it was essentially up to her and her government to deliver the message that Alberta will not take Ottawa’s punitive energy policies lying down.

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Chiquita Banana Company Ordered to Pay $38.3 Million to Victims of Militia It Funded

By Valerie / June 12, 2024 /

Chiquita Brands, the famous banana company, was ordered by a federal jury on Wednesday to pay $38.3 million to the family members of people killed by the United Self-Defense Forces of Colombia (AUC), a paramilitary group it funded during the 1990s and early 2000s.

“This verdict sends a powerful message to corporations everywhere: profiting from human rights abuses will not go unpunished,” said plaintiff’s lawyer Marco Simons, general counsel for a human rights and environmentalist nonprofit called EarthRights International.

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The solution to reservation poverty is Canadian energy development

By Valerie / June 12, 2024 /

Rebel News was on location at this year’s National Coalition of Chiefs Energy and Natural Resource Summit in Tsuut’ina Nation just outside of Calgary, where First Nations’ leaders were gathering to discuss energy sector development and its role in tackling on-reserve poverty.

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0:14 / 4:36 ‘Active intervention’ into gender affirmation care needs to be ‘considered’

By Valerie / June 12, 2024 /

Victorian Libertarian Party MP David Limbrick says the Australian government needs to discuss the safety of gender identity services for children.

This follows the American College of Paediatricians urging medical bodies to abandon support for gender-affirming care for transgender youths.

“The interesting thing about what they said in the US was they were also referring to social transitioning,” Mr Limbrick told Sky News host Rita Panahi.

“Which is not medically involved but it’s also, as was pointed out in the Cass review, a serious active intervention that needs to be considered carefully.

“And in Victoria, we don’t do that.”

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