Posts Tagged ‘economy’

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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.

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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.

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Growing gas plants: a made-in-Ontario public health failure

Friday, November 17th, 2023

Air pollution prematurely kills at least 6,600 Ontarians annually… Breathing toxic polluted air, further worsened by gas expansion, causes disease throughout our bodies… Other jurisdictions worldwide are successfully combining energy conservation, storage, and safe large-scale renewable energy transitions using solar, wind and hydro. Overlooking these low-cost, ready and reliable solutions, the Ontario government deliberately cancelled pre-existing renewable projects, costing taxpayers approximately $231 million.

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National Pharmacare – Time to Get on With It

Wednesday, November 15th, 2023

National pharmacare is overdue. In 21st century healthcare, drugs are not a luxury nor a discretionary add-on. They are an essential part of healthcare delivery that should be covered universally. Canadians have already waited too long, and far too many of them don’t get the medication they need to stay healthy and manage chronic disease. The federal government can act as a catalyst by making a credible and responsible financial commitment… to improve public plan coverage.

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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. 

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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.

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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,”…

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The Liberals have a chance to make headway on pharmacare. They should seize the opportunity

Thursday, November 2nd, 2023

Hoskins had recommended that a universal program begin with essential medicines, which would initially cost the government $3.5 billion to $4.5 billion. The NDP insists on a single-payer universal system but acknowledges it can’t be done in one fell swoop. It has demanded that timelines for progress be enshrined in legislation. If all this leads to a “foundational” piece of legislation and a firm road map going forward, that will be welcome and significant progress in a time of economic uncertainty.

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Budget officer estimates cost and savings of single-payer pharmacare

Thursday, October 19th, 2023

The PBO says, “Upon the implementation of a single-payer universal drug plan… we estimate the incremental cost to the public sector (that is, federal and provincial governments) combined to be $11.2 billion in 2024-25, increasing to $14.4 billion in 2027.” In terms of the economy as a whole, the PBO estimates cost savings on drug expenditures of $1.4 billion in 2024-25, rising to $2.2 billion in 2027-28.

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Seeking common ground at the Thanksgiving table

Friday, October 6th, 2023

We need to understand that the anger that folks are feeling… is based on real issues – even if the target of that anger is, to put it charitably, misplaced. That misdirection is often fed by politicians, capitalists, and the well-funded propagandists whose job is to keep the working majority squabbling amongst ourselves… we also have a responsibility to try to move the needle a little bit towards justice.

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