“We’ve been pushing for action for many years,” Petit told Global News, but the government “refused to accept that it was happening.” Going back fifteen years to her days as a teacher in Anglophone South school district, she struggled to find support for her own daughter and divulged...
Suppose the government starts a Pay As You GO (unfunded) pension plan. What the young pay into the plan today is what the old take out today. The first generation gets lucky; they get a pension paid out, but never put anything in. And if the plan ever gets wound up, the last gener...
Government obligations to future pension payments are not recorded. Who Manages Canada’s National Debt? The federal debt is the responsibility of the central government’s Department of Finance. This ministry issues three types of debt-raising instruments: ...
The government has no resources of its own. To spend money to generate jobs in one sector, the government must take money from another sector, thus destroying jobs. This policy would actually leave the country poorer, giving us fewer real productive jobs, and more unproductive jobs. Again, th...
There was also some great year-end dividend growth news for the Canadian bank stocks. National Bank and RBC kept up their excellent page of 7-8% annual dividend growth. BMO lagged slightly behind, raising its dividend 2.6% (for the second time in 2024). CIBC only raises their dividend onc...
Recently, he has picked up that old bugbear favourite of conservatives, the CBC. In doing so, he turned to American billionaire Elon Musk, owner of Twitter, with a questionable, conspiracy oriented and erratic worldview to “accurately” label CBC as “government-funded media”(The National Pos...
the countries that have been the most successful in reducing inequality don't have particularly progressive tax structures. The real gains in reducing inequality are achieved by means of well-designed transfers. (Seethis postfor a summary of just how ...
It also lowered the voting age from 21 to 18. Lesage attempted to put the public purse in order by promoting a dynamic provincial budget and by raising loans. From 1960–61 to 1966–67, the budget more than doubled. The rapid and dramatic development of government institutions and the ...