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Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem
Thursday, November 23rd, 2023
The fall economic statement made new commitments on how the federal government will approach its finances, including setting a goal to keep deficits below 1 per cent of the GDP beginning in 2026-27… The governor said Canada has two advantages today compared with the 1970s. The first is that people expect inflation to come back down in the long run; the second, that the Bank of Canada responded forcefully this time with aggressive rate hikes.
Tags: budget, economy, ideology, jurisdiction, standard of living
Posted in Policy Context | No Comments »
Canada Child Benefit hailed for reducing poverty, as families get boosted payments
Friday, July 21st, 2023
In 2021, 7.4 per cent of Canadians lived in poverty, down from 12.9 per cent in 2016 when the benefit came into place… the “intensity” of poverty was also reduced… “But for those in deeper poverty, the benefit probably isn’t yet big enough to lift them up and over the [low income threshold].”
Tags: featured, participation, poverty, standard of living, youth
Posted in Social Security Delivery System | No Comments »
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