In our submission to the BC Fair Wages Commission, the CCPA-BC highlighted the urgency for British Columbia to adopt a $15 minimum wage by March 2019. Read the submission.
Pension deficits and shareholder payments among Canada’s largest companies
This study examines the status of the defined benefit (DB) pension plans of Canada's largest publicly-traded companies. Thirty-nine companies on the S&P/TSX 60 maintain DB pension plans, amounting to one-third of all private sector pension plan assets in Canada. However, only nine plans were fully funded in 2016. Together, the 39 companies oversaw a $10.8 billion deficit in their pension plans in 2016, while increasing shareholder payouts from $31.9 billion in 2011 to $46.9 billion last year.
OTTAWA—Last year, Canada’s largest publicly-traded companies paid out four times more to shareholders than it would have cost to fully fund their defined benefit (DB) pension plans, according to new research released by the Canadian Centre for Policy Alternatives (CCPA).
Thirty-nine companies on the S&P/TSX 60 maintain DB pension plans, amounting to one-third of all private sector pension plan assets in Canada. However, only nine plans were fully funded in 2016.
Add your voice to the call
Today the CCPA's BC Office joined with 16 other community, First Nation and environmental organizations to call for a full public inquiry into fracking in Britsh Columbia.
The call on the new BC government is to broaden a promise first made by the NDP during the lead-up to the spring provincial election, and comes on the heels of new revelations about the fracking process, including:
A midterm report card for the Liberal government
This report card reviews the federal government's progress in 16 key policy areas at the halfway mark of their term. It finds that, despite some positive first steps, the Liberals’ ambitious talk hasn’t been backed up with the action needed to make these promises a reality.
With two years left in the term, the report card includes suggested next steps to help the Liberal government fulfill the progressive agenda they committed to leading up to the election. Among the recommendations:
In late October, the CCPA released its fourth annual ranking of the best and worst cities in Canada to be a woman. The report by CCPA senior researcher Kate McInturff, our cover feature in this issue of the Monitor, provides a snapshot of the gaps in men’s and women’s access to economic security, personal security, education, health and positions of leadership in communities across the country.
Also in this issue: