Official: “Canadians Are So Flush With Cash They Won’t Even Notice”
Article by Missy Blingpunk
OTTAWA—A new Maru survey has revealed that even though gas prices are “through the f***ing roof”—as one respondent put it—Canadians are sticking to their summer travel plans and intend to make up for all the trips they missed during the pandemic.
This week gasoline prices crested above $2 a litre everywhere in Canada. As usual, Vancouvistan was the biggest loser, at $2.34 a litre. B.C. premier John Horgan is nonchalant about the impact of fuel inflation on drivers. Any sort of tax relief would be “short-sighted,” he said. Instead, British Columbians should just stop driving. “If you’re going to the grocery store and you know you’ve got a neighbour that needs something, ask if you can pick it up for them and reduce the number of trips that we take,” says Horgan. “Right now, I encourage people to think before you hop in the car—do you need to make that trip?”
In Ontario, now in the home stretch of a provincial election no one cares about, New Democrats are proposing to regulate refineries in order to lower prices in NDP ridings and raise them in Tory ones. Federal NDP leader Jagmeet Singh is so alarmed by fuel inflation that he has stopped driving his sports car in public. “Every time gas prices go up, rich CEOs running Big Oil get richer,” he tweeted this week. “Liberals and Conservatives have rigged the system. When you pay more—their well-connected friends make more.”
Not one to brook such a blistering attack on his party’s credibility, Prime Minister Justin Trudeau has called Singh out on his flagrant hypocrisy, pointing out that since the Justin & Jag™ coalition came into force in April, Singh is, in fact, the best-connected friend the Liberals ever had.
Meanwhile, in the federal Department of Finance, Chrystia Freeland has intimated that she’s just not all that worried about rising fuel and food prices. That’s because, according to the Royal Bank of Canada, Canadians’ net savings during the pandemic were $324-billion in excess of what they’d normally be. Ms. Freeland has referred to this mountain of money as “preloaded stimulus” for the country’s economic recovery. Since soaring inflation has the effect of making Canadians spend way more of their savings, the country couldn’t be in better financial shape.
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