Archive for the ‘Economy/Employment’ Category

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Justin Trudeau says he’ll seek 10 days of paid sick leave for all workers

Tuesday, May 26th, 2020

Right now there is a patchwork of sick-leave provisions across the country. All provinces require workers have access to unpaid sick days, but only Quebec and Prince Edward Island require paid sick leave. Ontario stipulates three days of unpaid sick leave, while paid sick leave is a decision between employers and their employees, companies and unions… Ottawa “can’t impose” paid sick leave on provinces or employers, but it “can come to the table with money and that would make a difference.”

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What Kind of Economic Recovery do Canadians Want?

Friday, May 22nd, 2020

Canadians, by a 2 to 1 margin, want governments to spend whatever is required to rebuild and stimulate the economy, even if it means running large deficits for the foreseeable future… Building Canada’s ability to produce key products like food and medical supplies domestically… Investing in strengthening the health system, including universal public pharmacare… Not letting richer Canadians off the hook for contributing their fair share… Helping people who need it the most…

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Five Eyes allies urged to lessen dependence on China

Thursday, May 21st, 2020

Canada depends on China for 367 categories of goods, such as pharmaceuticals and food additives, of which 83 are used to supply critical national infrastructure, including rare-earth minerals, industrial products and electronics… as China has become more authoritarian under President Xi Jinping, it has increasingly shown a willingness to threaten and punish countries that question its actions… Canada must at a minimum diversify its supply chains.

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We must ensure the post-COVID world does not fall prey to socialism

Wednesday, May 20th, 2020

There is a titanic political struggle about to come. The right must start thinking about how to fight it… It will be a conflict in which the natural supporters of free enterprise as the foundation of human progress, and fiscal responsibility as the bedrock of a confident economy, will suddenly find themselves on the back foot… if people are left to turn only to socialist ideas in the wake of these terrible weeks, today’s tragedies will turn into the lifelong torment of tomorrow.

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Ottawa to seek equity or cash from companies applying for new COVID-19 loan program

Wednesday, May 20th, 2020

Large companies that receive bridge financing through a new federal loan program will have to give the government the option to take an ownership stake, or provide a cash equivalent… “The idea behind the warrant is to make sure that if the firm does well that Canadians, and Canadian taxpayers, share in that upside” … companies can pay off the interest on the loan through in-kind contributions, usually goods or services, for the first two years of the loan.

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Stephen Harper still favours business over big government. So how did that work out after 2008?

Thursday, May 14th, 2020

Day by day, week by week, Trudeau’s government is increasingly making clear that its approach to bailouts will not follow the path taken more than a decade ago, when much of the aid to corporate giants never did filter down as promised to economically devastated citizens. The Occupy movement and its cries against the “one per cent” were a direct result of the frustration and fallout of the 2008 crash and the income inequality it exposed.

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Ontarians getting income support aren’t gaming the system

Wednesday, May 13th, 2020

The suggestion that Canadians are choosing not to work — and not simply out of a job because of, you know, a global pandemic — seems to imply that folks would rather take money from the government than put in an honest day’s work. The real problem isn’t that $2,000 might disincentivize people from looking for work. The real problem is how people can live on that amount, considering, for example, that the average rent in Canada, as of March, was $1,842.

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Child care is essential to our economic recovery

Tuesday, May 12th, 2020

Even before the pandemic there wasn’t enough regulated child care, and in most communities it was far from affordable. This is the time to change that. Government funding for child care provides direct jobs for women, who have suffered higher job loses and reduced hours in the pandemic, and it enables other women to rejoin the workforce… How Ottawa and the provinces move forward will be evidence of whether governments have learned from this crisis…

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Canadians need child-care benefits to withstand a COVID-19 recession

Monday, May 11th, 2020

… our national child-care support program – the Child Care Expense Deduction (CCED) – has two flaws that will make it unsuitable for an uneven economic recovery, as predicted for Canada, as well as for primary caregivers with school-aged kids at home… The CCED must be claimed by the lower-income spouse and the amount deducted cannot exceed two-thirds of their income… As a result, the CCED is stingy for low-income families and significantly more generous for higher-income families…

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Pandemic proves value of guaranteed incomes

Saturday, May 9th, 2020

We know that we will emerge from this crisis with higher levels of unemployment than we have seen in two generations. We should be prepared for a winter ahead into which millions of Canadians will be headed broke, unemployed and close to despair… It might lead to the most transformational changes in today’s rich but increasingly divided and unequal economies since Bismarck invented the public pension system, nearly 140 years ago.

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