The Parliamentary Budget Officer was doing his actual job of providing alternative fiscal forecasts for Parliamentarians, and his projection of the economic situation is that growth will slow over the second half of this year, which isn’t a bad thing because it will help to tackle inflation, particularly as the Bank of Canada continues to raise rates. The deficit continues to shrink, as does the federal debt-to-GDP ratio, which shows our fiscal stance is not too loose.
Here’s economist Kevin Milligan putting things into more context, but the bottom line is that the Conservatives’ assertion that government spending is fuelling inflation is not true, and they need to come up with some more credible talking points. (Yeah, yeah, good luck with that one, I know).
https://twitter.com/kevinmilligan/status/1580598737906597894
https://twitter.com/kevinmilligan/status/1580602979140632576
https://twitter.com/kevinmilligan/status/1580605473476476929
Ukraine Dispatch, Day 232:
It was another day of Russian strikes against civilian targets, including by Iranian-built kamikaze drones, while Volodymyr Zelenskyy continues to request more air defence systems to protect the country. Ukrainian forces boasted that they took down four Russian helicopters in the space of eighteen minutes.
At Parliamentary Assembly of the Council of Europe in Strasbourg. #Ukraine President @ZelenskyyUa gives address & update. Increasing air defence, isolating & choking $ to Russia, creating legal punishment mechanisms. @nlpoli @cdnpoli @PACE_News @coe #SenCA pic.twitter.com/hqTC6CbjaE
— Senator David Wells (@wellsdavid) October 13, 2022
10 days after Elon Musk amplified Russian propaganda about Crimea, SpaceX claims it can’t afford to pay for Starlink in Ukraine and asks the Pentagon to pick up the tab.
It is not coincidental the Armed Forces of Ukraine are having success with offensives in Luhansk and Kherson.
— Michael MacKay (@mhmck) October 14, 2022