BI in the News

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

Janet McFarland / The Globe and 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...

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...

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...

The Broadbent Institute’s youth job guarantee is a good idea that will never happen

Murad Hemmadi / Canadian Business

Jobs for every boy and girl—that’s what the Broadbent Institute is proposing, in a paper calling for a Youth Job Guarantee.

The left-leaning think tank wants Canadian businesses


Youth jobs proposal would guarantee placement for graduates

CBC News

The Broadbent Institute is proposing a “new deal for young people” that involves business relinquishing a fraction of the “dead money” it is hoarding to offer jobs for young graduates.

The institute says an injection of $670 million from business and an equivalent amount from the federal government could lead to the creation of 186,000 full-time jobs to help young Canadians begin their careers.

It proposes a Youth Job...


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