Commentary
Canada is not immune to the dire challenges of a world gripped by the first European war since World War II, with nuclear threats from an irredentist Russia, a destabilizing energy crisis, a looming global recession brought on by central bankers aggressively raising interest rates to combat galloping inflation which they had previously underestimated, unprecedented public debt, and a lingering global pandemic.
The stock market’s wild volatility reflects these forces, with a chilling US$9 trillion drop in global stock valuations in the third quarter and uncertainty whether the most recent upswing is sustainable or a bear trap.
In spite of overarching challenges, Prime Minister Trudeau and his ministers remain obsessed with a climate emergency, a fixation that is unjustifiable for at least four reasons….