With the country facing significant and unpredictable headwinds going into another federal election year, the 2019 Alternative Federal Budget (AFB) shows that Canada can boost competitiveness and encourage innovation by investing in people, not by giving corporations more tax cuts.
Economy and economic indicators
Illustration by Katie Raso Ten years from the onset of the Great Financial Crisis, and eight after the “turn to austerity,” provides a useful vantage point. From here we can clearly see how austerity quickly succeeded the panic-driven experimentation with economic stimulus of the 2008-09 period.
A decade after the worst financial crash since the Great Depression, a fragile recovery is obscuring threats—some new, some as old as capitalism—to Canadian workers and the broader economy. In this first part of a two-part feature on the fallout of that crisis, the Monitor looks at the financial flows, government revenue shortfalls and austerity plans that undermine our ability to handle another sudden shock. Here's a sample of what you'll find inside this issue:
Illustration by Katie Raso
OTTAWA—Canada’s wealthiest family dynasties are more than 4,400 times richer than the average Canadian family and much more likely to keep that money in the family than they were two decades ago, finds a new study released today by the Canadian Centre for Policy Alternatives (CCPA).
March for a $15/hr minimum wage at the University of Minnesota, April 2015 (Photo by Fibonacci Blue ,Flickr Creative Commons).
According to a popular apocryphal tale, the United States and Soviet Union both realized during the space race that a standard pen would not work in orbit. NASA spent millions of dollars to develop an “anti-gravity” pen that would. The Soviets used a pencil.
(Halifax, NS)----Le montant dont une famille de quatre personnes a besoin quand les deux parents travaillent à temps plein- un salaire convenable--est 19 $ par l’heure à Halifax, 18,18 $ à Saint Jean et 17,75 $ à Antigonish.