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Whether it's the "fact" that women earn 75 cents or 79 cents (or whatever this year's figure is) for every dollar men earn, we are regularly inundated with these catchy, but essentially meaningless, statistics. While it may be true that there is an overall wage gap between men and women, there is no great inequity that needs righting.
To encourage the construction of affordable rental housing, Budget 2016 proposes to invest $208.3 million over five years, starting in 2016-17, in an Affordable Rental Housing Innovation Fund administered by Canada Mortgage and Housing Corp.
These two advanced manufacturing sectors directly employ more than 200,000 Canadians in good jobs that form the backbone of Canada's middle class. Even more are employed in the spinoffs from these two sectors -- both the suppliers to auto and aerospace, and the spending habits of its well-paid workers.
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According to Tuesday's budget, the Liberals plan to run a $29.4-billion deficit for the fiscal year with no balanced budget planned until at least 2020-2021. The spending is in efforts to amp investment in infrastructure and boost the oil-weary economy.
We've seen this story before in the mid-1990s, when out-of-control deficits and an impending sovereign debt crisis led to painful spending cuts and tax increases. The government is wrong to make the return to budget balance conditional on strong economic growth. Population aging is already taking its toll on long-term projections, and too many unforeseen events can derail the fiscal path. Only tight fiscal discipline can balance the budget within a reasonable timeframe, protecting Canadians' standards of living from future large tax increases and cuts to government services.
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No timeline in budget for when deficits will end.
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Recently, it seems the Canadian economic outlook is far from ideal. But what does it mean for the country's biggest businesses? What are companies focused on in 2016 and beyond? What strategies are they employing to set up their organizations for long-term success, and how will these new priorities impact Canada's workforce?
We may share the same continent and many of the same customs and attitudes, but at the same time there's no denying there are significant differences between Canada and the U.S. These should be viewed as strengths, not weaknesses or obstacles to overcome.
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Roughly one billion women and girls worldwide -- almost 30 times the population of Canada -- suffer from malnutrition. This has catastrophic consequences not only for them and for their children, but for the world, as the loss of women's full potential hinders the social and economic development of entire countries.
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Managing a big change in life can be daunting. That's why we need to have a clear understanding of our financial situation. It can't be fuzzy. Banks, for example, regularly conduct stress tests to identify areas of vulnerability. Testing allows for preventative planning to avoid systemic breakdowns or unrecoverable losses.
Hint: it's not in Alberta.
A consensus of economists had predicted real GDP for the fourth quarter to produce a flat reading, according to Thomson Reuters.
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To: Kathleen Wynne From: Kevin O'Leary Re: New Cap and Trade Slush Fund Hi Premier, just saw you are setting up a new $1.9 billion cap and trade fund that you and Finance Minister Charles Sousa will b...
Across Canada hopeful high school students are already camping under their mailboxes, waiting for college and university acceptance letters. Something all these young Canadians and their parents can consider, as they make their final decisions: what opportunities does my future school offer to study abroad?
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Ever since Federal Finance Minister Bill Morneau announced Monday that the federal deficit would top $18.4 billion, all the familiar voices of right wing commentators, Bay Street analysts and Conservative politicians have made their all-too predictable calls for budget cuts and curtailed spending. They couldn't be more wrong. Now, in fact, is the time for some strategic spending to get the economy going, even if it means increasing the federal deficit when the budget is handed down on March 22.
That's nearly five times the Finance Department's projection just 3 months ago.
Canadian retail sales took an unexpected dive over the holidays, Statistics Canada data shows, convincing some experts that the country’s recovery from last year’s recession fizzled out at the end of...
This generation is among the most talented, educated and globally connected ever. While some of the experiences and expectations of these young people are unique to their cohort, they have much in common with Canadian workers of all ages and backgrounds: they are looking for a way to make a difference -- be it at the local, national, or global level. The federal public service must innovate to attract more young people. We need less rigid hierarchies, fewer layers of bureaucracy, more open and transparent decision making, a culture of intelligent risk taking, more opportunity for continuous learning, and greater mobility in and out of government.
We know that climate change will continue to have major impacts on Canadian infrastructure, which is already aging and in need of re-investment. Moreover, we will soon see a wave of new, renewable energy infrastructure being put into place across the country, and it is essential that these innovative developments be implemented with resilience to climate change impacts in mind.
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"When Alberta struggles, we all struggle."
The Canadian economy is "technically" in a recession, as 2015 ended with two consecutive quarters of contracting GDP. Whether or not you personally agree with classifying the current economic situation as such, we are going through tough times. However, the recession does not seem to be bothering most Canadian economists -- or, for that matter, most Canadians.
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B.C. is just 15 months away from the next election.
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Here is a non-economist's attempt to explain the reasons behind the current value of the loonie. If nothing else, this article will help to make it easy for people to digest and understand why we are here... and perhaps even bring to light some of the benefits of our dollar being so low.
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Canada's economy hasn't grown in a year.
Downgrades Canada's economic outlook for second time in weeks.
Crises can make us restless, inquisitive, and ready for innovative revolution. With history as a guide, we can expect some noteworthy entrepreneurial trendsetters to emerge from the current crisis -- people who refuse to be intimidated and instead think creatively about making the best of a downturn.
Energy East wants to force the Canadian economy in this 19th century straight-jacket for the next 40 years. As a member of the G8, we need an economy based on know-how, renewable energies, manufacturing as well as refining our natural resources. Montreal Mayor Denis Coderre is right in rejecting TransCanada's antiquated project.
It's cheap to invest in Canada these days.
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The PM says troublesome news out of Alberta is not a surprise.
Business investment is also the lowest it's been since the financial crisis.
No simple policy response will fix Canada's economic problems, Poloz says.
With manufacturing and oil exports in the dumps, no one know what Canada's economy is about anymore.