Economy and economic indicators
Ralph Nader, the famous American consumer advocate and perennial presidential candidate, writing recently in The Nation, recalled sitting at the family dining table when he was growing up and listening to his father talk about capitalism and socialism. “Capitalism will never die,” his father would say, “because socialism will always be used to save it.”
Canadians are looking to their federal and provincial governments to protect them from the repercussions of the global financial credit crunch. Among the necessary measures our legislatures should take—perhaps even the most effective—would be a determined joint effort to reduce Canada’s scandalously high rate of poverty.
TORONTO—During this economic downturn, Ontario could tolerate a deficit in its normal operations of up to $3 billion and provide temporary economic stimulus and support without falling into structural deficit, says an Ontario Alternative Budget report released today by the Canadian Centre for Policy Alternatives (CCPA).
The report, by CCPA economist Hugh Mackenzie, recommends that the government use this fiscal room to make investments in infrastructure and public spending and to make significant down payments on key commitments.
Canadians had every right to be outraged by the federal government’s fall economic statement yesterday.
In the face of an economic slowdown that is already the most significant Canada has faced since 1981 and will almost certainly turn out to have been the most significant since the Depression of the 1930s, the government demonstrated stunningly small-minded, ideologically driven opportunism.
OTTAWA—On convient généralement à présent que le gouvernement fédéral encourra des déficits ces prochaines années, mais un rapport rendu public aujourd’hui par le Centre canadien de politiques alternatives (CCPA) révèle qu’il pourrait s’agir de déficits bien plus grands que ce qui est actuellement prévu.
OTTAWA — While it is now generally acknowledged that the federal government is headed for deficit in the coming years, a report released today by the Canadian Centre for Policy Alternatives (CCPA) says those deficits could be much larger than are currently anticipated.
As announced on Sunday, July 11, Nova Scotians are finally going to benefit from the good fortune of having fossil fuels not far from our shores.
The offshore deal was signed in 1986, and revenues are expected to continue to be paid out for another 15 years. Over nearly 40 years - two generations - it is expected to pay out over $850 million. How should we invest that much money, for that many people, over that much time? This should be a momentous decision. Thinking too narrowly means failing Nova Scotians today and in the future.