OTTAWA, ON – The Canadian Labour Congress (CLC) is demanding immediate and decisive action from the federal government to protect workers and defend jobs as an escalating trade war—fueled by U.S. President Donald Trump—threatens Canada’s economy. Just today, Trump announced yet another round of retaliatory tariffs on steel and aluminum, this time in response to Ontario’s energy surcharge. “This is spiraling out of control, and workers across Canada are rightfully alarmed. They are looking to their government for urgent and concrete measures to shield them from job losses and economic uncertainty,” said Bea Bruske, President of the CLC. Canada’s unions...
We did QE during Covid, which as per the Phillips curve it increased wages due to a labor shortage, and we then did mass immigration to depress wages.
If you want to look at the Phillips curve, QE’s effect on inflation, and a chart of Canada’s population growth.