Did the Bank of Canada just push Canada over the tipping point?

Wednesday, July 19th, 2023

Profits as a share of GDP have averaged 21 per cent since the start of the pandemic and profit margins are higher too… We need policymakers at every level to address the real causes of excess/persistent inflation — profiteering, financialization, undersupply and supply chain bottlenecks. Without that we’re all left worse off regardless of the level of inflation. 

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How to restore Canada’s Employment Insurance program

Tuesday, April 21st, 2020

If we hadn’t already spent most of it, the EI surplus could have been used to pay for the entire cost of the Canada Emergency Response Benefit (CERB) program, currently estimated to cost $24 billion, and much of the $71 billion to support the Federal Wage Subsidy Program. The fact is, a strong, comprehensive and robust EI system that provides for all workers could have avoided the need to develop any overlapping programs.

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A prime minister going the wrong way

Monday, July 5th, 2010

July 3, 2010
… we have a Conservative prime minister who has made and continues to make poor economic and fiscal choices – placing orthodoxy over economic reality. He gutted funding for early learning and child care which would have done plenty to support the labour market and perhaps boost Canada’s productivity numbers. He wasted away billions in surpluses left by the Liberals. He continues to hand out billions in tax cuts. He squandered $1 billion on a meeting that could have been far cheaper to have on a luxury liner in the middle of the ocean. And now the cost of his new tough-on-crime bill will end up costing all of us, in more ways than one.

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