Canadian Prime Minister Justin Trudeau announced on Tuesday that his government has eliminated interest on Canada Student Loans and Canada Apprentice Loans.
The move is one of a few steps, maybe too few, that the government is taking to “make life more affordable for Canadians” in a climate where people are growing increasingly frustrated with a government that can’t seem to solve problems just when they need to.
On X, the platform formerly known as Twitter, one user recounted how eliminating interest on student loans does not at all help in the backdrop of the crippling housing crisis.
This tweet likely reflects the concerns of the average Canadian as the cost of housing continues to hit new highs. High interest rates and low supply have continued to squeeze the housing market, pushing the rental market to soar to an unprecedented asking price of $2,078 in July.
Trudeau’s government has yet to come up with a tangible solution to the more pressing housing problem — even after the recent cabinet retreat.
These announcements are also made at a time when the Liberals are losing support in polls, particularly in Ontario. Trudeau’s rating is sliding further — with 56% of Canadians now saying he should step down.
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