Is The OAS/GIS Program Unaffordable?

No. Of course not. Even if the government waves around scary large increases in nominal dollar terms. As has been widely reported, the most recent OAS actuarial report shows that total program expenditures will rise from $38.8 billion in 2011 to $107.9 billion in 2030. However, the dollar figure reflects,…
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Budget Cuts Could Worsen Rising Unemployment

It was not a happy new year for Canadian job seekers. Statistics Canada reported today that unemployment rose for a fourth consecutive month in January. Overall employment remained flat as Canada’s population and labour force grew at a normal pace, leaving more workers without jobs. The good news in today’s…
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Harper vs. Kyoto: where does that leave Québec?

On 12 December 2011, the Canadian Minister of Environment, Peter Kent, officially announced Canada’s withdrawal from the Kyoto Protocol. In effect, Canada will no longer be legally constrained to meet greenhouse gas (GHG) emissions reduction targets. According to Scott McKay, the Parti québécois’s Shadow Minister for the Environment, “the gap…
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GDP Turns Negative

Statistics Canada reported today that the economy shrank in November for the first time in six months. This decline was driven by reduced energy production, which partly reflected maintenance shutdowns in the oil patch and unusually mild weather. While those factors may not affect future economic growth, their ability to…
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AFB Economist Roundtable

The CCPA organized a very successful economist roundtable yesterday on Parliament Hill in Ottawa.  The event was titled “The Global Economic Crisis: Can Canada Escape a Lost Decade?”.  MPs from all parties were invited as were members from a wide variety of civil society organizations.  The attendance was very robust….
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