Prime Minister Mark Carney signed a symbolic order signalling his government will prioritize passing his promised middle-class tax cut, following the first in-person meeting of his cabinet on Parliament Hill Wednesday.
It’s not whataboutism to point out that the Canadian economy is way too reliant on house prices continually going up. It’s a huge chunk of GDP and would instantly mean a technical recession if prices went down (even when ignoring the domino effect the panic would cause, deepening the downturn).
The country is trapped and no one wants to risk their political career by springing that trap, even if it’s healthier in the long run.
It’s not whataboutism to point out that the Canadian economy is way too reliant on house prices continually going up. It’s a huge chunk of GDP and would instantly mean a technical recession if prices went down (even when ignoring the domino effect the panic would cause, deepening the downturn).
The country is trapped and no one wants to risk their political career by springing that trap, even if it’s healthier in the long run.
Sure though the Cons said they would do it, and they would grow GDP via pipelines and deregulation. Pierre explicitly ran on lower home values.