Archive for the ‘Economy/Employment’ Category
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Mark Carney’s economic agenda misses something vital
Tuesday, July 8th, 2025
Concentrated ownership of our economy, and the inequality and plutocracy that result from it, are causing deep distress among working and young people who feel — quite accurately — that the economy is rigged against them. Broad-based Canadian ownership of our businesses, resources and assets needs to be part of the growth agenda… Sovereignty isn’t just about control of our border. It’s also about control of our resources and assets. We can’t truly be masters of our own home if that home is owned by an American hedge fund.
Tags: economy, featured, globalization, Indigenous, participation, privatization
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Why the Capital Gains Tax Increase Should Not See the Light of Day
Thursday, June 5th, 2025
The planned measure to increase the capital gains inclusion rate… would create a triple threat: harming Canadian businesses, discouraging investment, and penalizing middle-income Canadians… – Canada’s capital stock would decline by $127 billion, GDP would fall by nearly $90 billion, and real per-capita GDP would drop by 3 percent. Further, employment would decline by 414,000 jobs, which would raise unemployment from 1.5 million to 1.9 million workers.
Tags: economy, tax
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Job Creation Falls Behind Rapid Population Growth
Thursday, June 5th, 2025
Canada’s labour market faces mounting pressures that cannot be fixed merely by adding more workers… “We cannot afford to leave talent on the sidelines – whether it’s older workers retiring too soon or immigrants struggling to use their skills,”… the country’s most acute demographic challenges [include] rapidly aging populations, lower workforce participation among seniors, high unemployment, and labour mismatches compounding regional disparities… “If we don’t act now, these gaps will only widen.”
Tags: economy, immigration, participation, pensions
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What is modern monetary theory? An economist explains how it could help Canada
Tuesday, May 27th, 2025
As a country with currency sovereignty and substantial natural and human resources, Canada has the ability to use targeted public spending to address pressing challenges such as housing affordability, health-care and child-care expansion, and climate change mitigation. MMT encourages us to shift the conversation from artificial fiscal constraints to real-world economic possibilities. Instead of asking, “Can we afford it?” we should be asking, “What do we need, and how can we mobilize our resources to achieve it?”
Tags: budget, economy, featured, ideology, standard of living
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‘Victory bonds’ were vital to funding the First and Second World wars. Let’s not wait for the storm to hit before bringing them back
Tuesday, March 25th, 2025
Today, faced with an unprovoked economic attack, we must call on another of our strengths: being among the world’s fiercest savers… We’re saving at rates not seen since 1996… A can-do spirit has been reawakened in this country, along with a taste to go beyond a “Buy Canada” consumer response. Let’s save Canada like we did once, twice before; and finance the fight of our lives, together.
Tags: economy, participation
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This is war. Time for a wartime funding mechanism: Victory bonds
Saturday, March 15th, 2025
… tax cuts and spending cuts [are not] what the nation needs most now, and neither will build the economic strength needed to defend our interests and sovereignty… Raise the floor, raise the ceiling and make EI last longer so it can do the job it was designed to do, acting as an automatic economic stabilizer to sustain purchasing power… prohibit the purchase of [businesses, resources and vital services] by non-Canadians… [and] create a “wartime” funding mechanism: victory bonds… an infusion of cash could fund desperately needed spending in the public interest.
Tags: economy, featured, ideology, participation
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What would it take to end chronic homelessness? Now we know
Friday, January 31st, 2025
Addressing chronic homelessness begins with offering stable, deeply affordable housing… a costed ten-year plan to end chronic homelessness in Ontario… [would call for] a new cumulative investment of $11 billion over the next decade… The Ontario government is currently spending a little over half of what is needed… It’s time the government stepped up with a real strategy, real targets, and real accountability for ending chronic homelessness
Tags: budget, economy, homelessness, housing
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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
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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
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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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