Skip to main content

Featured

Monday’s CPI Could Decide Your Next Mortgage Payment

  Canada lost 68,000 jobs in September. Inflation is sitting at 3%. The Bank of Canada has to decide on October 28 which of those facts matters more, and on Monday morning one more number lands to help it choose. If you carry a variable-rate mortgage, a HELOC or a renewal this winter, that number has a price tag. Two reports pulling in opposite directions The jobs data came first. Statistics Canada reported on October 9 that employment fell by 68,000 in September, pushing the unemployment rate to 6.5% from 6.4%. It followed a drop of about 42,000 in August, which means more than half of the 181,000 jobs gained between April and July have now been wiped out. Ontario shed 20,000 positions on its own. Markets reacted within hours: the odds of a quarter-point Bank of Canada hike on October 28 dropped to roughly 25% from about 40%, according to LSEG data reported by Reuters. Inflation is telling the opposite story. The consumer price index rose 3.0% year over year in August, matching Ju...
Post a Comment
Read more

article

Labels

Alberta Premier Danielle Smith Faces Historic Recall Challenge

 

Premier Danielle Smith speaks to the media at the Legislature in Edmonton, on Wednesday, December 10, 2025. 


Alberta Premier Danielle Smith has become the first provincial leader in nearly 90 years to face a citizen-led recall petition, marking a historic moment in the province’s political landscape. Elections Alberta officially approved the petition targeting Smith in her Brooks-Medicine Hat riding, where local resident Heather VanSnick initiated the effort, citing concerns that Smith does not live in the community and has failed to represent constituents effectively.

The recall campaign against Smith is part of a broader wave of political unrest. Twenty United Conservative Party (UCP) caucus members, along with one Opposition NDP MLA, are now subject to recall petitions. This unprecedented number of campaigns reflects growing dissatisfaction among voters, who argue that their representatives are disconnected from local needs.

Under Alberta’s Recall Act, petitioners have 60 days to gather signatures from 40% of eligible voters in the constituency. If successful, the recall would trigger a byelection, potentially reshaping the province’s political balance before the next general election in 2027.

Smith has criticized the recall efforts, warning that they undermine confidence in the democratic process. She maintains that her government is focused on delivering results for Albertans, despite the mounting pressure from grassroots campaigns.

This development is significant not only because Smith is the second premier in Alberta’s history to face recall, but also because it highlights the growing use of direct democratic tools to hold politicians accountable between elections. Whether the petitions succeed or fail, the movement signals a shift in how Albertans engage with their leaders, raising questions about representation, accountability, and the future of provincial politics.

Labels:

Comments

Post a Comment