5 Reasons 2019 Will Be A Terrible Year For Justin Trudeau
Being an election year, there's no question that Trudeau has his work cut out for him in 2019 — and it doesn't look like it's going to be an easy twelve months.
Here are five issues we can expect Trudeau to face this year as he heads toward the federal election in October.
TL;DR This year is bound to be anything but a walk in the park for our Prime Minister as he faces a federal election
A federal election means Trudeau has to toe the line of campaigning while also maintaining the general trust of the Canadian public.
This is one of his biggest struggles right now: maintaining confidence in his leadership across the country, not just in cities that agree with him and his liberal politics.
1. Impending Economic Downturn
It’s been a busy year – our economy is strong and growing, and we’ve accomplished a lot together in 2018. But we know there’s even more work to do for Canadians, and we’ll be there for you: pic.twitter.com/vQ39Seqh07
Budget deficits have been on the Liberals' minds as of late, considering that the finance department is reporting the potential for Canada to be "in the red" until as far out as 2040.
All of this, in conjunction with low interest rates in Canada, means Canadians continue to face financial difficulties. That could be politically damaging for Trudeau.
2. Oil and Alberta Drama
Albertans are tired of Trudeau’s song and dance. The people of Alberta cannot be bought with their own money. We don’t want subsidies; we want #pipelines. We want jobs. We want our natural industries brought back to life. We want an end to C-48 and C-69. #cdnpoli
Pipelines have been a never-ending discussion across Canada since Trudeau was elected. While some Canadians are all for it, many are firmly against it.
It seems to me that taxing carbon while still spending money on the infrastructure it takes to build a pipeline seems... a little counterproductive.
Evidently, Canadians are divided on the issue, so Trudeau is faced with the unfortunate job of deciding which direction the country goes in and then attempting to convince Canadians that he has made the right choice.
3. Carbon Taxing and Its Impact on Regular Canadians
Yeah right... A carbon tax is inevitable. Even Harper knew it. He did not do it but he already had it at $65/ton (higher than Trudeau). I’m sure you have YouTube, look it up! You’re only against it because it’s not you at the helm.
As carbon taxing is rolled out across the country, Trudeau is sure to face backlash as regular Canadians begin to see the repercussions.
Gas prices are going to be affected, so anyone that regularly drives a car is going to see those big red numbers go up... and they'll keep going up.
The Liberal plan is to continue increasing the carbon tax every year until the proposed $50 tax per tonne in 2022.
A similar tax has already led to riots in France, forcing president Macron to give in to protestors' demands. The political consequences for Trudeau may be equally grave.
4. Less Than Ideal Housing Market
Immigrants coming to Toronto on the decline despite what the bulls were telling us, yes immigration to Canada is higher (Numbers could change in the next Federal election) but seems they prefer other regions, I'm guessing because of the affordability level we are in now pic.twitter.com/nd7ntpSv5d
As mentioned above, low interest rates have seriously impacted the housing market in Canada in the last couple of years. Low interest rates mean income-producing real estate, like any investment vehicle, grows slowly in value.
Interest rates also inform the cost of financing and mortgage rates. When mortgage rates are low, funds become more readily available for borrowers. However, when mortgage rates increase too quickly, buyers, in turn, lose the ability to afford homes as easily and available funds decrease.
Bottom line, "interest rates affect the availability of capital and the demand for investment," Investopedia explains. As with any market, supply and demand keeps things in flux, which can have negative impacts for Canadians, as well as for Liberals looking to boast about a strong economic record.
5. Fierce Debate about Immigration
To those fleeing persecution, terror & war, Canadians will welcome you, regardless of your faith. Diversity is our strength #WelcomeToCanada
Another non-stop conversation across the country (and the continent, really) has centered on immigration.
Humans have always been relatively nomadic, I mean, how else did we end up here if we all started somewhere in Africa?
So it seems only natural that some people born in other countries want to spread their wings and give the good ol' True North Strong & Free a try. I don't blame them, especially once you hear stories of what life can be like is some immigrants' home countries.
Trudeau has had this point of view since he took office. He's been openly welcoming to immigrants and has done his very best to meet U.N. migration standards.
While some Canadians worry about an inundation of new arrivals, many fail to acknowledge labour shortages in many Canadian provinces. Plus, we've got a lot of space to share, especially if you move outside the major cities, which many immigrants eventually do.
However, Trudeau will continue to face dissent throughout the election year, particularly now that there are Canadians donning the Yellow Vest and protesting the U.N. ideals.
Stay tuned for more news about the PM.