Archive for the ‘Economy/Employment’ Category
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Canada unveils new restrictions on work permits for international students, spouses
Monday, January 22nd, 2024
Starting on Sept. 1, the federal government will stop issuing postgraduate work permits to international students who graduate from programs provided under so-called Public College-Private Partnerships, Immigration Minister Marc Miller said… “I’m not the minister of post-secondary education underfunding. I’m the minister of immigration. Clearly in the last decade or so or even longer, post-secondary institutions in Canada have been underfunded by provinces.”
Tags: economy, featured, immigration, jurisdiction, standard of living
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Don’t Blame Carbon Pricing for Affordability Challenges
Monday, January 1st, 2024
With the latest data, we find that the gradually increasing indirect taxes, including carbon taxes, have caused overall consumer prices to be only 0.6 per cent higher in October 2023 than they were in January 2015… The effect of carbon pricing on rising food prices is even smaller, accounting for the indirect effects of carbon taxes… Carbon pricing is definitively not to blame for affordability challenges.
Tags: economy, jurisdiction, standard of living, tax
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Financed by Canada, medical breakthrough helps Big Pharma, not global poor
Thursday, December 14th, 2023
Canadian taxpayers played a key role in funding the technology that made mRNA vaccines possible. Yet Canadian authorities took no steps to ensure that the resulting vaccines would be made accessible to people who needed them rather than simply becoming enormous profit-generators for Big Pharma… Today’s system, which prioritizes private profits and intellectual property rights, is in sharp contrast with the system in place for six decades when Canada had publicly-owned Connaught Labs.
Tags: economy, globalization, pharmaceutical, privatization, rights, standard of living
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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
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Canada poised to create public company registry to curb financial secrecy
Monday, November 20th, 2023
The new registry will require companies to publicly disclose beneficial ownership information of federally registered companies — a move experts say will help expose criminals and tax cheats who anonymously create companies or purchase property… Panama Papers dataset, revealed how Canada had emerged as a popular tax haven, touted by corporate service providers as a “reputable” destination to hide wealth.
Tags: economy, globalization, jurisdiction, rights, tax
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Levelling the playing field: The case for a federal ‘anti-scab’ law
Tuesday, November 14th, 2023
Despite corporate objections to the contrary, anti-scab laws can play an integral role in improving union-management relations… it would force employers to focus on reaching negotiated settlements rather than strategizing over how to best undermine and antagonize union members exercising their right to strike.
Tags: economy, ideology, jurisdiction, rights
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New Canadians have valuable work experience. A new law will knock down a barrier to putting those skills to work
Tuesday, November 14th, 2023
Studies have suggested that only about a quarter of internationally-trained immigrants in Ontario were working in regulated professions aligned with their training… Banning Canadian experience requirements from job postings and ads is another step toward eliminating systemic barriers newcomers face, creating a more inclusive work force, and addressing labour shortages.
Tags: economy, immigration, jurisdiction, participation
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Ontario plans to require salary ranges be included in job postings
Tuesday, November 7th, 2023
“Including salary ranges with job postings can help close the gender pay gap, while allowing companies to find qualified candidates faster and improve retention, helping tackle the labour shortage.” … new legislation… also proposes to require employers to inform job seekers when they are using AI to inform hiring decisions… the province is considering banning the use of non-disclosure agreements in cases of workplace sexual harassment, misconduct or violence.
Tags: multiculturalism, participation, rights, women
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Ontario launching infrastructure bank with $3B in public funding
Friday, November 3rd, 2023
Ontario is proposing to launch its own infrastructure bank – with an initial $3 billion in public funding – in order to help foot the bill for long-term care homes and transportation projects, as slowing economic growth has the province sinking deeper into the red… the bank will attract trusted institutional investors to help finance essential infrastructure that would not otherwise get built,”…
Tags: budget, economy
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Did the Bank of Canada just push Canada over the tipping point?
Wednesday, July 19th, 2023
Profits as a share of GDP have averaged 21 per cent since the start of the pandemic and profit margins are higher too… We need policymakers at every level to address the real causes of excess/persistent inflation — profiteering, financialization, undersupply and supply chain bottlenecks. Without that we’re all left worse off regardless of the level of inflation.
Tags: economy, ideology, standard of living
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