BI in the News

10% of Canadians hold half the wealth, report shows

Mia Rabson / Winnipeg Free Press

Nearly half the wealth in Canada sits in the hands of just 10 per cent of the people, a new report from the Broadbent Institute said Thursday.

Haves and Have Nots: Deep and Persistent Wealth Inequality in Canada uses data the Broadbent Institute purchased from Statistics Canada's survey of financial security, which was released last February.

Rick Smith, executive director of the Broadbent...

Rich getting richer & poor getting poorer, Broadbent Institute data shows

CBC News

The gap between people at the top of Canada's wealth pyramid and those at the bottom is widening and showing no signs of stopping, a major left-leaning think-tank says.

In a report out Thursday, the Broadbent Institute looked at the most recent Statistics Canada data on wealth levels of Canadians. The data agency typically divides the country into five groups of 20 per cent of the population, known as "...

Canada's Wealth Gap Is Growing As Poor Get More In Debt: Report

Daniel Tencer / Huffington Post

Those rosy reports about Canadians’ net worth growing and the country's middle class being among the richest in the worldare masking growing inequality in the...

Canada's inequality growing: Stats Can

Dana Flavelle / Toronto Star

The rich are getting richer and the poor are getting poorer in Canada, a new analysis of Statistics Canada data by an Ottawa-based think tank shows.

The study found that, much like the income gap, Canada’s wealth gap is also widening, the Broadbent Institute said in a statement Thursday.

“With much of the public debate focused on the growing problem of income

...

Richest tenth of B.C. families has half of province's wealth: report

Chad Skelton / Vancouver Sun

The richest 10 per cent of B.C. families has more than half of the province’s wealth, according to a new report from the left-leaning Broadbent Institute.

In contrast, the bottom half of the province has just three per cent of the wealth.

That gives B.C. the highest rate of wealth inequality in the country: In B.C., the richest 10 per cent of families control 56 per cent of the province’s wealth...

Canada’s poor took big financial hit in recent years, report finds

Janet McFarland / Globe & Mail

The poorest 10 per cent of Canadians saw their net worth fall by 150 per cent between 2005 and 2012 while Canada’s richest 10 per cent saw a huge increase in their net worth in the same period, a new report shows.

A wealth study by the Broadbent Institute shows poorer Canadians have watched their proportion of the country’s wealth decline in recent years, but also...

CPP hiding rising costs, which have more than tripled since 2006: new report

Canadian Press

The Canada Pension Plan is hiding the fact that its administrative costs have more than tripled since 2006 because of transaction and external management fees, according to a new report from a conservative think-thank.

The Fraser Institute report — released Wednesday — said the total cost of running the CPP jumped to $2 billion in 2012-13, from $600 million in 2006-07.

"Contrary to claims of proponents...

Stephen Harper: the environment's best friend

Bear with me: I want to tell you about an odd thought I had the other day that may induce minor whiplash. I confess that it tests the bounds of believability. But I actually think it’s true:

Stephen Harper is the best thing to happen to the environmental issue in Canada. Ever.

I know, I know. You’re thinking that I’ve spent too much time in the summer sun.

After all, Stephen Harper is to environmental protection what Freddy Krueger is to unsuspecting teenagers in A Nightmare on Elm Street. Over the past eight years, the

...

Is Canada putting all of its eggs in the oilsands basket?

Derek Leahy / DeSmog Canada

The recent shelving of the Joslyn mine oilsands project in Alberta is a reminder of the fragile economics of the oilsands. No economic formula could be found to make the $11 billion project work and it has been put on hold indefinitely.           

Oil major Total E&P, the biggest partner in the project, said the Joslyn mine...

The kids aren't all right

CBC News

On the heels of an Ontario election campaign that was dominated by fuzzy math in jobs numbers, a think-tank made headlines this week with some eye-popping numbers of its own.

The Broadbent Institute says private industry and government need to do more to create jobs for young people, the only demographic group that hasn't recovered all the jobs lost...

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