Archive for the ‘Economy/Employment’ Category
« Older Entries | Newer Entries »
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 The province accepted defeat and, soon after, repealed the law in its entirety… The province has so far paid out $6.7 billion for retroactive pay increases to broader public-sector workers after the law was struck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 »
The hard truths Mark Carney’s economic turnaround plan must address
Sunday, September 29th, 2024
… trade barriers among provinces and territories reduce economic activity by as much as $200 billion per year. And lack of harmonization of rules, regulations and standards among jurisdictions stunts economic and productivity growth, elevates consumer prices, restricts labour mobility and slows the pace of new housing construction… Restoring the federal portion of the GST to its original seven per cent would generate about $28 billion in government revenues in 2028-29… equal to almost three-quarters of this year’s projected federal deficit.
Tags: economy, pensions, Seniors, tax
Posted in Debates | 1 Comment »
This group of [Indigenous] investors is making major acquisitions in Canada. The results could benefit us all
Saturday, August 10th, 2024
… at least 111 Indigenous communities have obtained or announced equity stakes in Canadian businesses in the past two years alone… Wind power, oil and gas, solar generation and electricity transmission account for about three-quarters of the First Nations, Métis and Inuit investments… Indigenous ownership in projects mitigates land-claims conflict, reduces regulatory risks for all investors, and creates other spinoff benefits.
Tags: economy, Indigenous, jurisdiction, participation, standard of living
Posted in Debates | No Comments »
Out of work? You may be out of luck. Why getting EI is harder than it’s ever been
Saturday, August 10th, 2024
The program is running a honking great cumulative deficit because of the pandemic and improving access would mean hiking premiums or adding federal funding. Both options are no-fly zones for politicians these days… They have doubled EI sickness benefits, from 15 to 26 weeks; introduced extensions in EI caregiving and parental benefits; and added EI funding for training. But changes to regular jobless benefits have been temporary and targeted, despite repeated promises for deeper reforms. They’ve neither addressed workers’ needs in the 21st century, nor EI’s core purpose.
Tags: economy, participation, standard of living
Posted in Policy Context | No Comments »
Ford’s zealous desire to privatize alcohol sales will be costly for Ontario taxpayers
Friday, July 12th, 2024
The Liquor Control Board of Ontario (LCBO)… annual profit — $2.5 billion in 2023 — goes into the public treasury, where it pays for things like health care and education… it’s doubtful that Ontarians would want to pay higher taxes so that more profits from alcohol sales could go to highly-profitable grocery store chains… Once all the LCBO’s lost revenue is factored in, the full cost to the public treasury of this privatization will likely be… close to a billion dollars.
Tags: budget, economy, ideology, privatization, tax
Posted in Delivery System | No Comments »
International Monetary Fund paints a rosy picture of Canada — maybe the country isn’t broken after all
Monday, June 17th, 2024
The IMF says Ottawa should seek additional revenue sources to reduce its reliance on deficit financing. It suggests raising the federal portion of the GST, as this space earlier advocated in also calling for a higher OAS eligibility age of 67… removing interprovincial trade barriers would boost the Canadian economy by about $80 billion a year… The IMF urges Canada to resume provision of social housing, a field Ottawa abandoned in the 1990s with disastrous consequences.
Tags: economy, housing, ideology, standard of living
Posted in Debates | No Comments »
Years of corporate handouts achieved nothing. It’s time for something different
Thursday, June 13th, 2024
… corporate subsidies – either through tax incentives or direct funding and loans – now equal about $50-billion per year. That is slightly over one-half of the total amount of corporate taxes collected by the federal government and almost as much as they spend on health care. only 20 per cent of these business subsidies aimed at increasing productivity actually boost real income for Canadians. The other 80 per cent are not only ineffective but have to be paid for by either more taxes or by decreasing spending on other priorities.
Tags: budget, economy, ideology
Posted in Policy Context | No Comments »
Mark Carney had a chance to weigh in one of the defining issues facing Canada. The answer he gave suggests he isn’t ready for public life
Tuesday, May 14th, 2024
Around the world, almost no serious person continues to believe that cutting taxes on the wealthy will unlock growth for working and middle-income people. Most advanced industrial democracies are dealing with inequality and challenges to economic growth by rejecting market fundamentalism and investing in things like public transit, child care, affordable housing and ensuring that low- and middle-income people have money to spend in the local economy.
Tags: budget, economy, ideology
Posted in Debates | No Comments »
Recent Comments