Economy and economic indicators

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(OTTAWA)--Although the economic well-being of Canadian workers has improved notably in the past two years, it remains significantly poorer than before the last recession, mainly because of a sharp decline in social programs and income security measures. This is the finding of a new study prepared for the Canadian Centre for Policy Alternatives by Amanda Brown of York University and Jim Stanford of the Canadian Auto Workers.
Toronto--The only way the Ontario government can avoid a budget deficit in 2001-02 is to suspend the implementation of further tax cuts. That's the conclusion of a study prepared for the Ontario Alternative Budget project by CCPA Senior Research Associate Hugh Mackenzie, who is also Research Director for the Steelworkers.
This report finds that the only way the Ontario government can avoid a budget deficit in 2001-02 is to suspend the implementation of further tax cuts. Contrary to the government's claim, Ontario does not have a spending crisis. Instead it has a revenue crisis--one created by the government's own policies.