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Trudeau urged to boost Canada’s post-COVID economy by investing in nature – Cowichan Valley Citizen

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By Carl Meyer, Local Journalism Initiative Reporter. National Observer

Federal Environment Minister Jonathan Wilkinson says the government remains “fully committed” to preserving a quarter of natural land and ocean habitat by 2025, following a call from hundreds of groups to ensure conservation is at the heart of any post-pandemic recovery.

In an open letter published July 13 to Prime Minister Justin Trudeau, 235 environmental organizations, including about 50 B.C.-based groups, said they “stand ready to provide staff, research and resource support” to help Canada devise a strategy to achieve its biodiversity and climate targets.

The letter argues that government investments in forests, wetlands, grasslands, oceans, lakes and rivers can create jobs and help boost Canada’s economic recovery as it works to build capacity following the initial wave of COVID-19.

“Over the next six to 18 months, we urge the government to support investments in a variety of economic recovery solutions that support climate and biodiversity outcomes,” reads the letter, signed by Nature Canada, the Canadian Parks and Wilderness Society, the David Suzuki Foundation and others.

“Over the longer term, expert advice should be sought by relevant departments on how to structure programs and investments in order to achieve the transformative relationship between society and nature that is needed to ensure a healthy and sustainable future for Canadians.”

Canada set a target to conserve at least 17 per cent of land and freshwater, and 10 per cent of marine areas, by this year, as part of the Convention on Biological Diversity. According to federal government figures, by the end of 2019 it had reached this goal for marine areas, but not for land and freshwater.

Those figures show that Canada conserved 13.8 per cent of its marine territory, and 12.1 per cent of land and freshwater by the end of 2019. The proportion of conserved land and water varies widely across the country, with British Columbia conserving the most, at 19.5 per cent.

Last year, dozens of scientists warned the Trudeau government it was not on pace to meet its conservation goals. During the federal election campaign, Prime Minister Justin Trudeau promised to increase the amount of land, freshwater and marine areas conserved to 25 per cent by 2025.

The goals under the convention say the original target should be achieved “by 2020,” but Trudeau said during the campaign that the government was “on track” to its 17 per cent goal “by the end of next year.”

In July, Canada also joined the Global Ocean Alliance, which has as its goal the protection of 30 per cent of the oceans by 2030. Meanwhile, Fisheries Minister Bernadette Jordan said Canada will work toward a new biodiversity target under the Convention on Biological Diversity, next year in 2021.

Harry Crosby, president of North Vancouver-based BC Nature, a federation of more than 50 naturalist clubs across the province, said in an interview that he was “encouraged by the promises and the concern which the federal government is showing” on the issue of biodiversity and land protection, but wanted to see more details.

“Our concern is that there needs to be a coherent policy developed,” Crosby said. “It’s great to talk about spending money on biodiversity, but our concern is looking at the difference between the general policy statements and the practice, what’s actually happening on the ground.”

Wilkinson’s press secretary Moira Kelly said the government’s priority remains COVID-19, but “climate change and biodiversity loss still present a threat to our economic and physical well-being.”

“We remain fully committed to preserving 25 per cent of Canada’s land and oceans by 2025 and ensuring that nature-based climate solutions are embedded in our plans to fight climate change,” Kelly said.

“We are always open to hearing innovative and green ways to grow our economy while protecting the environment, and will consider these recommendations with interest.”

The letter points out that biodiversity loss is accelerating worldwide, and Canada has a responsibility, as a country with a large land mass containing many ecosystems, “for the welfare of planetary diversity.”

Out of 80,000 species in Canada, there is only enough information to assess the health of 30,000 — of which a fifth are imperiled, they said.

Natural landscapes are key to storing up to 20 per cent of carbon pollution over the next 30 years, according to the Intergovernmental Panel on Climate Change, a fact that is key to avoiding the more severe effects of the climate crisis.

In Canada, human disruption is leading to habitat loss, which is putting its Paris climate target at risk, the letter said.

In addition to BC Nature, officially the Federation of British Columbia Naturalists, there are 47 other B.C.-based organizations that have put their names to the letter, including West Coast Environmental Law, Wildsight and the Great Blue Heron Nature Reserve Society.

Carl Meyer / Local Journalism Initiative / Canada’s National Observer

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Canada’s unemployment rate holds steady at 6.5% in October, economy adds 15,000 jobs

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OTTAWA – Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy.

Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.

Business, building and support services saw the largest gain in employment.

Meanwhile, finance, insurance, real estate, rental and leasing experienced the largest decline.

Many economists see weakness in the job market continuing in the short term, before the Bank of Canada’s interest rate cuts spark a rebound in economic growth next year.

Despite ongoing softness in the labour market, however, strong wage growth has raged on in Canada. Average hourly wages in October grew 4.9 per cent from a year ago, reaching $35.76.

Friday’s report also shed some light on the financial health of households.

According to the agency, 28.8 per cent of Canadians aged 15 or older were living in a household that had difficulty meeting financial needs – like food and housing – in the previous four weeks.

That was down from 33.1 per cent in October 2023 and 35.5 per cent in October 2022, but still above the 20.4 per cent figure recorded in October 2020.

People living in a rented home were more likely to report difficulty meeting financial needs, with nearly four in 10 reporting that was the case.

That compares with just under a quarter of those living in an owned home by a household member.

Immigrants were also more likely to report facing financial strain last month, with about four out of 10 immigrants who landed in the last year doing so.

That compares with about three in 10 more established immigrants and one in four of people born in Canada.

This report by The Canadian Press was first published Nov. 8, 2024.

The Canadian Press. All rights reserved.

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Health-care spending expected to outpace economy and reach $372 billion in 2024: CIHI

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The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.

The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.

CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent in 2023 and 1.7 per cent in 2022.

This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. Excluding two years of the pandemic, it would be the highest ratio in the country’s history.

While it’s not unusual for health expenditures to outpace economic growth, the report says this could be the case for the next several years due to Canada’s growing population and its aging demographic.

Canada’s per capita spending on health care in 2022 was among the highest in the world, but still less than countries such as the United States and Sweden.

The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.

This report by The Canadian Press was first published Nov. 7, 2024.

Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.

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Trump’s victory sparks concerns over ripple effect on Canadian economy

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As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what effect his second term will have on Canada-U.S. economic ties.

Some Canadian business leaders have expressed worry over Trump’s promise to introduce a universal 10 per cent tariff on all American imports.

A Canadian Chamber of Commerce report released last month suggested those tariffs would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.

More than 77 per cent of Canadian exports go to the U.S.

Canada’s manufacturing sector faces the biggest risk should Trump push forward on imposing broad tariffs, said Canadian Manufacturers and Exporters president and CEO Dennis Darby. He said the sector is the “most trade-exposed” within Canada.

“It’s in the U.S.’s best interest, it’s in our best interest, but most importantly for consumers across North America, that we’re able to trade goods, materials, ingredients, as we have under the trade agreements,” Darby said in an interview.

“It’s a more complex or complicated outcome than it would have been with the Democrats, but we’ve had to deal with this before and we’re going to do our best to deal with it again.”

American economists have also warned Trump’s plan could cause inflation and possibly a recession, which could have ripple effects in Canada.

It’s consumers who will ultimately feel the burden of any inflationary effect caused by broad tariffs, said Darby.

“A tariff tends to raise costs, and it ultimately raises prices, so that’s something that we have to be prepared for,” he said.

“It could tilt production mandates. A tariff makes goods more expensive, but on the same token, it also will make inputs for the U.S. more expensive.”

A report last month by TD economist Marc Ercolao said research shows a full-scale implementation of Trump’s tariff plan could lead to a near-five per cent reduction in Canadian export volumes to the U.S. by early-2027, relative to current baseline forecasts.

Retaliation by Canada would also increase costs for domestic producers, and push import volumes lower in the process.

“Slowing import activity mitigates some of the negative net trade impact on total GDP enough to avoid a technical recession, but still produces a period of extended stagnation through 2025 and 2026,” Ercolao said.

Since the Canada-United States-Mexico Agreement came into effect in 2020, trade between Canada and the U.S. has surged by 46 per cent, according to the Toronto Region Board of Trade.

With that deal is up for review in 2026, Canadian Chamber of Commerce president and CEO Candace Laing said the Canadian government “must collaborate effectively with the Trump administration to preserve and strengthen our bilateral economic partnership.”

“With an impressive $3.6 billion in daily trade, Canada and the United States are each other’s closest international partners. The secure and efficient flow of goods and people across our border … remains essential for the economies of both countries,” she said in a statement.

“By resisting tariffs and trade barriers that will only raise prices and hurt consumers in both countries, Canada and the United States can strengthen resilient cross-border supply chains that enhance our shared economic security.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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