Posts Tagged ‘economy’

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Canada’s economy has weathered a pandemic and an unpredictable president. It can handle some post-election chaos

Wednesday, November 4th, 2020

… the last four years of doing business with the United States has been rife with risk… one problem after another for Canada’s cross-border relations… NAFTA negotiations, tariffs, unpredictable “Buy American” policies, antagonism… [Yet] As a country of exporters, we are reliable and resilient. In the face of protectionism, global trade battles, unpredictable leaders and pandemics, we keep on trucking.

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Without a path to fiscal recovery, we’re lost

Tuesday, November 3rd, 2020

Ms. Freeland seems to believe that setting fiscal targets is somehow contradictory to committing to the pandemic-fighting task at hand. As if the second you identify where you want to take your fiscal balance down the road, you are implicitly starting to withdraw necessary stimulus… Maybe it’s the image of an “anchor”… Fine. Let’s call it something else. Let’s create a fiscal compass.

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Canada aims to accept far more immigrants in next three years

Sunday, November 1st, 2020

Immigrants are needed to reduce labour shortages in Canada and to pay taxes to help sustain health care and other services. But the pandemic forced Canada to close its borders to all non-essential travellers… Immigration and refugee experts welcomed the move to grant permanent residency to those already in the country… “people who are already educated here, or have work experience here, or at least have lived here… These are people who are already demonstrating their genuine interest in Canada”

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Unions shouldn’t defend the indefensible

Thursday, October 29th, 2020

… we need more unionization. When you encounter trouble at work — which will happen at badly managed workplaces — someone has to have your back, and that’s the union. But perhaps unions have to shift their frames a little. Some have fallen into a ludicrous Trumpish trap that everything is either black or white. Not true. There are shades of grey. Unions shouldn’t defend the indefensible.

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Toronto to get $203M, Vancouver and Montreal to split about $108M more under city-specific housing plan

Tuesday, October 27th, 2020

Fifteen Canadian cities will share $500-million in federal money as part of a plan to quickly build 3,000 new units of affordable housing across the country… the amounts allocated to the cities are based on factors such as the number of people in severe housing need.

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A Federal Basic Income Within The Post Covid-19 Economic Recovery Plan

Friday, October 23rd, 2020

… the federal government should announce its intention to: Introduce a Basic Income Guarantee close to the Market Basket Measure, paid monthly, to residents of Canada between the ages of 18 and 64; Design the Basic Income Guarantee so that those with no income would receive the full benefit, but those with other sources of income would receive a benefit reduced by a proportion of their other income; …

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Ottawa now has a road map to rein in digital giants

Thursday, October 22nd, 2020

… an Australian-type regime in Canada would allow news publishers to recover about $620 million in ad revenue a year that’s now going to swell the bottom lines of Google and Facebook. That would make up most of the revenue losses the publishers are expected to suffer in the next few years. And it would be enough to save the jobs of an estimated 700 journalists (and all the content they produce), along with some 1,400 others in the news industry alone.

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Federal NDP chooses wealth taxes as the wedge issue party needs right now

Wednesday, October 14th, 2020

The biggest knocks against wealth taxes is that they encourage the flight of capital and tax avoidance, and they shrink incentives for investment. The Parliamentary Budget Officer costed the 1-per-cent tax proposal and estimated it would raise $5.6-billion in the current fiscal year, but also that each family’s net worth would shrink by 35 per cent in a vast expansion of avoidance behaviour.

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Canada needs a new grand national bargain: Quebec and Alberta

Tuesday, October 13th, 2020

Canada’s greatest challenge now is to get a new national grand bargain in the face of multiple external adversities – COVID-19, international forces that are increasingly hostile to Canada and its resource industries… Canadians themselves are ready – they are pragmatic and they want a united country that is serious about climate change… The challenge for Ottawa, the provinces, the Indigenous community and the business community is to find mutually supportive ways forward.

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Unemployment in the 21st Century

Monday, October 12th, 2020

An overriding concern here is that an expansion of EI to insure earnings in a more flexible way may result in moving further away from a program that insures workers against job loss, towards an income-smoothing program that provides a predictable share of some individuals’ income. Overall, while an EI system that covers multiple job holders, gig workers, and the self-employed may be desirable in the 21st century, it is not clear how to build that system.

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