Government finance
OTTAWA—Planned federal and provincial corporate tax cuts will transfer $4-6 billion of annual revenue from Canadian governments to the U.S. treasury, concludes a study released today by the Canadian Centre for Policy Alternatives (CCPA).
OTTAWA - Canada's economy is still mired in recession and a long way from recovery, despite months of "green shoot" speculation, says a report released today by the Canadian Centre for Policy Alternatives (CCPA).
Canada's Long Road to Economic Recovery, by Jim Stanford and David Macdonald, examines Canada's economic indicators and concludes more public investment will be key to Canada's recovery.
Memo from the Prime Minister’s Office to Canada’s unemployed: it sucks to be you.
After waiting an entire summer for Harper’s minority government to finally agree to fix Canada’s inadequate Employment Insurance (EI) system – which the government did only when its electoral back was up against the wall – unemployed Canadians are still mostly out of luck.
(Vancouver) The Canadian Centre for Policy Alternatives is calling on the BC government to reverse all cuts to public programs and/or grants made since the February 2009 budget.
“The government has introduced a litany of cuts in areas ranging from the arts to community sports to autism programs for children in the name of reducing provincial spending,“ says CCPA economist Iglika Ivanova. “These cuts represent minimal savings on a $40 billion provincial budget. Yet they have devastating consequences for communities, families and service agencies. It’s a lose-lose situation.”
OTTAWA—The Bank of Canada is not up to the challenges brought on by the world financial crisis, says a new report by the Canadian Centre for Policy Alternatives.
According to the report, the central bank’s new initiatives to deal with the crisis—such as a prolonged near-zero interest rate policy and so-called quantitative easing measures—have not been sufficient.
The report is also critical of the Bank’s approach of focusing solely on a target of 2% inflation, saying it is far too rigid and could hurt our economic progress particularly in the current volatile times.
Between October 2008 and May 2009, 363,000 Canadians were thrown out of work – and the OECD projects unemployment in this country to rise to 9.8% in 2010. In this global recession, the weakness of Canada’s Employment Insurance (EI) system has become a glaring federal policy omission.
OTTAWA—It’s time for the “shadow banking” system to come out of the closet and be regulated, just as the banks are, says a report released today by the Canadian Centre for Policy Alternatives (CCPA).
“The recent financial meltdown worldwide has been the result of a failure to recognize the basic instability of this new near-banking system,” says co-author Doug Peters, former Secretary of State (Finance) and former TD Bank Chief Economist. “The failure to properly regulate it has, in effect, resulted in a severe global recession.”