Archive for the ‘Economy/Employment’ Category

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Ontario moves to transfer recycling costs from cities to waste-producing companies

Friday, June 7th, 2019

Ontario is moving to force large food retailers and product manufacturers to pay the full cost of recycling, in a major shakeup aimed at reducing the amount of plastic waste in the environment… Ontario would join British Columbia as the only other province where large food retailers and consumer packaged-goods companies fully cover recycling costs, a system known as extended producer responsibility, or EPR.

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Costs of Ontario climate plan would be double Liberal carbon tax, raise household costs: report

Tuesday, June 4th, 2019

The Clean Prosperity report found that the cost of the Ontario plan would be more expensive largely because it would “cherry pick” certain sources of emissions to cut and would cost $334 million in 2022, or $62 per tonne of greenhouse gas emissions removed. The federal plan would cost $214 million in 2022, or $40 per tonne… Economists say economy-wide taxes are the most efficient way to lower greenhouse gas emissions.

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PSLRTA Overhaul in the Health Services Sector

Friday, May 31st, 2019

Labour relations in the health care sector have been a clear focus of the new government…  Arguably, this could lead to less union participation in health care personnel movement between entities going forward. However, given the saturation of organized labour in the sector, organized labour’s reaction to personnel movement under the new regime is yet to be seen. We would expect affected unions to do all within their power to maintain membership in the face of transfers and amalgamations going forward.

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Closing the Biggest Money Laundering Loophole

Friday, May 31st, 2019

Unfortunately, Canada’s anti-money-laundering laws are among the weakest of Western liberal democracies. We have no public registry of beneficial ownership and we generally don’t require any beneficial ownership disclosure whatsoever. That makes us doubly attractive to international money launderers… as more countries implement public registries of beneficial ownership, more of the world’s dirty money will be redirected to Canada.

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Carbon tax smackdown: what is this argument really about?

Saturday, May 25th, 2019

… carbon taxes, so far as they raise the prices of things, impose an especially heavy burden on the poor. That would be a real concern, if the federal government were not also providing rebates covering the cost of the tax… The precedent for this was the GST tax credit, which like the carbon tax rebate more than compensates poor families for whatever it adds to the cost of living…

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Don’t fear Canada’s economic transition – our new economy is already here

Friday, May 24th, 2019

Oil and gas have never really defined Canada’s economy. Crude oil, for example, accounted for just 2.6 per cent of Canada’s GDP as of 2017… Canada’s clean-energy sector employed 298,000 Canadians as of 2017… It spans industries – electricity, efficient buildings, clean vehicles – and unlike some sectors, such as auto manufacturing in Ontario, clean energy is spread across the country.

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Why Canada saw a 60% increase in foreign direct investment last year

Thursday, May 23rd, 2019

… even more important to global capital flows is talent – the new currency attracting more and more investors. Again, Canada is leading the way. Our universities, colleges and vocational institutions continue to produce top-tier talent that fuels this country’s growth…. in 2018 a record high 572,415 international students came to Canada. These students can now fast-track to permanent residency and continue building Canada’s status as the world’s most educated work force.

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Traditional Economics Has Absolutely Screwed Us

Monday, May 13th, 2019

Conventional capitalism is failing because it considers the services provided by nature such as oxygen and food production as free and limitless. Only an economist could fail to see how a collapsing biosphere might be bad for business… The UN study found that $325 billion in subsides shoveled at the fossil fuel industry around the world actually result in $5 trillion in costs to degraded natural systems on which our survival depends.

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Ford’s deficit hype conceals Ontario’s dirty secret

Thursday, May 9th, 2019

… Ontario already has the lowest program spending (per capita) among Canada’s 10 provinces — before Ford’s spending cuts click in… While the provincial average for revenue (per capita) is $12,373, Ontario only collects $10,415 (per capita) — a significantly smaller amount… And Ford is making the problem worse by cutting taxes a further $3.6 billion a year… Ford’s measures — despite his claim to be acting “for the people” — redirect resources from ordinary people to corporations and the rich.

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If you don’t have a plan for the environment, you don’t have a plan for the economy

Tuesday, May 7th, 2019

Tackling climate change is a marathon, not a sprint. It requires transforming our economy, our workforce, and our communities though new thinking, smart technologies and an all-hands-on-deck effort led by youth, Indigenous peoples, farmers, entrepreneurs, investors, new Canadians and others… Our climate is changing. We can too.

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