The Poverty Reduction Strategy announced by the federal government at the end of August proposes that an official Canadian poverty line be set for the first time and enshrined in legislation; and that official targets be set to reduce the poverty rate by 20% by 2020, and by 50% by 2030.
Since the 1980s, financial crises have erupted about once a decade. The last one erupted in 2008. And there are disturbing parallels between the 1980s debt crisis in Latin America, the 1990s financial crisis in Asia, and the deepening financial turmoil in emerging markets such as Turkey today. Which is why it is surprising that the subject of the next crisis was missing from this year’s agenda at the annual economic policy symposium, in Jackson Hole, Wyoming.