• ‘Unretirement': Why many Americans try retirement and then change their minds

    A 2010 analysis… found that more than a quarter of retirees later resumed working… in 2017… almost 40 per cent of workers over 65 had previously, at some point, retired… the Bureau of Labor Statistics supports that observation. It reported that the proportion of Americans over age 65 who were employed, full-time or part time, had climbed steadily from 12.8 per cent in 2000 to 18.8 per cent in 2016. More than half were working full time.

  • Highlights of the Ontario budget

    - $822 million extra to hospitals, funding more cardiac and cancer surgeries, chemotherapy, MRIs and other services; – $575 million to make drugs completely free for seniors; – $800 million over two years for drug and dental coverage for people without insurance (up to $400 for singles, $600 for couples, $50 for each child); – $2.1 billion over four years for mental health care; – $2.2 billion over three years, providing some parents free child care; – $1 billion over three years for a seniors home-care benefit of $750 a year…

  • Hot!

    Ontario’s debt has exploded. Is the province in trouble?

    Today, Ontario has an operating surplus that amounts to 4.2 per cent of its adjusted operating revenues – or in plain language, it’s running a surplus before accounting for interest expenses on the debt… Growth gives a big boost to government revenues and also helps temper the climb in its debt-to-GDP ratio. But with interest rates starting to rise, the fear now is that Ontario’s interest expense will jump. (Interest currently consumes about 8 per cent of provincial government revenues.)

  • Immigration alone can’t keep Canada young

    If longer work life and other responses to aging makes us more prosperous, however, we will more easily attract immigrants and retain workers who can contribute to our prosperity – a virtuous circle.
    Higher immigration may be good for many reasons, but it cannot keep Canada young. Other policies to ease the demographic transition, notably encouraging people to work longer, hold out at least as much promise for boosting living standards.

  • Higher Immigration Cannot Keep Canada Young

    … no increase within the realm of practicality can prevent population aging. Other policies to ease the demographic transition, notably encouraging people to work longer, are at least as powerful – and, further, would complement changes to immigration policy by improving Canada’s attractiveness to people willing and able to contribute to the Canadian economy.

  • Hydro One privatization is the reason voters distrust Kathleen Wynne

    The sell-off of public goods is the quintessence of neoliberalism… Ontario Hydro was a public undertaking funded by the public that returned benefits to all. You can’t sell it, you can only swipe it and hand it over, as Wynne did. The buyers won’t do anything to improve it; they’ll just squeeze it to extract profits. Classical economists of the 1700s and 1800s would’ve called them rentseekers — the ugliest players in capitalism.

  • A new era for the workplace – shorter work weeks – is starting now

    Ironically, the fact that technology has made work 24/7 for many may make the case for shorter official weeks even stronger. That the wall between world and leisure is effectively blurred means that official number of hours actually worked, particularly by white-collar employees, has little to do with the number of hours that they are at work. Granting shorter workweeks may not cost employers as much as it might seem…

  • Chrystia Freeland Wants to Fix the Twenty-first Century

    For 2018, which is Canada’s year as G7 president, the Trudeau government promises to make women’s rights and climate action priority issues. Freeland says that, in the coming years, she hopes to focus on several human rights emergencies… “How I think we need to do Canadian foreign policy,” says Freeland, “is to know what our values are, build coalitions around those things, and then be constantly alert for situations in the world where, by acting, we can make a difference.” The liberal order doesn’t begin and end with nafta.

  • Wage wars, trade wars, and virtual economic reality

    Statistically, the provincial economy is the strongest in decades. Ontario’s 5.5 per cent unemployment rate is the lowest this century, economic growth has been best in the West since 2014, interest rates are low and the budget is balanced. Tell that to vulnerable workers. Or the venerable Ontario Chamber of Commerce… Even the latest uproar over the minimum wage appears to be a battle of perception versus performance — or virtual reality versus economic reality.

  • Buckle up: Final NAFTA talks will be a bumpy ride

    Canada is the world’s biggest buyer of America’s exports…. “We buy more from the U.S. than America sells to China, Japan and the U.K. combined.”… Canada also accounts for a remarkable one-quarter of all U.S. small-business exports… Our enthusiasm for multilateral trade deals has not been matched by Canadian exporters exploiting those deals to crack offshore markets… our less than intrepid exporters should concern us as much as a NAFTA in limbo.