Archive for the ‘Economy/Employment’ Category
Canada, the 51st state? Eliminating interprovincial trade barriers could ward off Donald Trump
Thursday, January 9th, 2025
… if interprovincial trade barriers were removed, there would be an improvement in Canadian productivity of between three and seven per cent. In dollar terms, that would add $50-$130 billion dollars to Canada’s economy. The CFIB findings put the figure at $200 billion, or $5,100 per person… Bringing down barriers to trade across Canadian provinces would create conditions that could enable Canadian companies to be more competitive internationally, and beyond the U.S. market in particular.
Tags: economy, globalization, jurisdiction, standard of living
Posted in Debates | No Comments »
Say what you want about Justin Trudeau — there’s still no arguing Canadians became wealthier while he was in power
Tuesday, January 7th, 2025
…the poverty rate… now nine per cent, [is] down from 14.5 per cent when he first took office… achieved in large part by Trudeau’s Canada Child Benefit, which has lifted as many as half a million children from poverty. Trudeau’s national daycare program has also helped, reducing monthly daycare expenses to $400 from about $2,000, dropping further to about $200 in the next two years… [and] introduction of limited denticare and pharmacare, a foundation for future governments to build on.
Tags: budget, economy, featured, ideology, poverty, standard of living
Posted in History | 1 Comment »
As environment minister, I believed the oil sands sector would help us save the planet. I was wrong.
Saturday, December 7th, 2024
The oil sands sector has been lying to us for years. They are not getting cleaner. They are not part of the solution… Canada can choose to be on the right side of history. We can act with the urgency the climate crisis requires and the economic case makes clear. Or, we can double down on the oil sands, abandon the Paris Agreement, ignore the economic opportunities of clean energy, and leave our children a deadly and unsustainable future.
Tags: economy, globalization, Health, ideology, standard of living
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Taxing Excess Profits In Canada: An Urgent Proposal For ActionTaxing excess profits in Canada: An urgent proposal for action
Wednesday, November 27th, 2024
To raise funds urgently needed to address the climate and affordability crises and curb growing monopoly power, we recommend the implementation of an economy-wide windfall profits tax that could raise over $50 billion from publicly traded companies and a monopoly profits tax that could raise $8 billion annually.
Tags: economy, standard of living, tax
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What’s behind Canada’s housing crisis?
Wednesday, November 6th, 2024
Canada had a strong housing welfare system in the 1960s and 1970s, but this changed in 1993 when the federal government stopped funding social housing programs. It shifted toward a commodified system that emphasized individual responsibility… This shift was driven by two neoliberal beliefs. The first is that the private market is the most efficient way to provide housing… The second belief is that homeownership promotes autonomy and reduces reliance on governments by building property assets, although the reality defies this belief.
Tags: economy, housing, ideology, jurisdiction, participation, rights
Posted in Debates | 5 Comments »
CMA calls for elimination of sick note requirements by employers
Monday, October 28th, 2024
The association says sick notes burden physicians with unnecessary administrative tasks and detract from patient care. In a new position paper, the CMA calls for legislative changes to restrict the requirement for sick notes and promote alternatives such as self-certification and flexible leave policies… the move aims to ease the administrative burden on health care providers and improve patients’ access to care and the overall efficiency of the health care system.
Tags: economy, Health
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Corporate profits continue to rise as corporate taxes fall
Monday, October 21st, 2024
Rising corporate profits and falling corporate tax rates are related. Corporate tax cuts encourage higher profits by increasing the share of profits that shareholders get to keep. Proponents of cutting corporate taxes typically argue that it will promote investment and eventually lead to higher productivity. But, over the past 30 years, the opposite has happened. In the late 1990s, annual labour productivity growth was over 2%. Now, it is less than 1%.
Tags: economy, jurisdiction, tax
Posted in Debates | No Comments »
Ontario taxpayers fork over $4.3 million to settle legal costs in Bill 124 cases
Wednesday, October 16th, 2024
In a 2-1 decision earlier this year, the Appeal Court struck down the law, saying it infringed on workers’ Charter rights. The province accepted defeat and, soon after, repealed the law in its entirety… The province has so far paid out $6.7 billion for retroactive pay increases to broader public-sector workers after the law was struck down. Taxpayers would have been on the hook for those salary bumps either way, but the additional legal costs were a waste of money, leaders of the opposition parties said.
Tags: budget, ideology, jurisdiction, rights
Posted in Debates | No Comments »
What’s behind Canada’s housing crisis? Experts break down the different factors at play
Friday, October 4th, 2024
The market is most likely to respond to the housing needs of those with strong purchasing power, leaving behind low and moderate income families whose housing needs cannot generate effective market demand. The consequence is growing housing inequality, with many low-income families trapped in precarious living conditions… De-commodifying and de-financializing housing is key. This means expanding community housing, prioritizing community-based solutions and ensuring long-term security for all.
Tags: economy, homelessness, housing, ideology, jurisdiction, privatization
Posted in Debates | No Comments »
Only the United States benefits from renegotiating the Canada-U.S.-Mexico trade deal
Monday, September 30th, 2024
Ideologically, the U.S. is no longer the free-trade champion it was… concessions are highly unlikely to convince the U.S. — regardless of which party is in power — to surrender the most potent weapon it has in its arsenal to pressure its neighbours to adopt its preferred policies. Policy reform, simply put, leads to U.S. market access… The 2018 CUSMA didn’t preserve free trade in North America. It signalled its demise and the return of power politics to our most important economic relationship.
Tags: economy, globalization, ideology, jurisdiction
Posted in Policy Context | No Comments »
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