Juno News - April 23, 2025


A federal report warns Canada is on track for 2040 economic collapse


Episode Stats

Length

2 minutes

Words per Minute

177.01505

Word Count

459

Sentence Count

7


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 i want to quickly get your response to this black locks report i'm not sure if you've seen it but
00:00:05.680 uh really alarming the headline over at black lock says fed report predicts collapse and so
00:00:11.600 it's based on a privy council report called uh here's the report future lives social mobility
00:00:18.560 in question basically saying that you know looking at what canada might look like in 2040 and it does
00:00:25.680 not paint a good picture saying that we're already at the place in canada where young people can't
00:00:31.680 necessarily afford the same standard of living that their parents had they would potentially
00:00:36.080 have a decline in standard of living from their own parents um this this paints a picture of
00:00:41.680 something even more frightening by 2040 the toronto sun also reported on it saying government
00:00:47.040 report predicts 2040 dystopia collapse collapsed economy hunting for food so that was one of the
00:00:52.960 little snippets in here that they're worried that people will begin hunting on public lands just to
00:00:58.880 eat. Things will be so dire in the not so distant future. Do you think that this is something that
00:01:06.640 we should be preparing for? Do you think this is kind of hyperbolic? Or is this the direction
00:01:12.720 Canada will be heading towards if we continue to vote Liberal in this country? Well, I'm not going
00:01:18.240 to uh you know be partisan in terms of who we're voting for i think any party that uh doesn't
00:01:24.480 address i think these issues around productivity are going to have them you know it's going to
00:01:28.320 create a major problem for canada as the oecd and number of studies have already shown is that
00:01:34.400 uh you know we are going to be a pretty we're going to be pretty low ranked as a country uh
00:01:40.320 in the next 20 30 years if we continue doing what we've done in the in the last 10 years
00:01:45.440 And I don't blame just the federal government in terms of the policies. I also put a lot of blame on some of the provinces, particularly our largest province, Ontario, which is 40% of the Canadian economy, has not exactly had a stellar economic record in the past 20 years either, both under liberal and now conservative governments.
00:02:10.460 So I think we really have a significant problem on our hand.
00:02:14.760 But I think the one thing that that report probably doesn't talk about is the fact that we may end up losing a lot of young Canadians who will go elsewhere to work.
00:02:24.800 And in fact, in some work I've been doing with somebody, we've been finding that, you know, that the advantages offered elsewhere, like in the United States, is very attractive for very young people.