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Pages tagged "economy"


Budget submission 2016 — charting a progressive agenda

Posted on News & Blogs by Broadbent Institute · February 02, 2016 5:26 PM

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The Broadbent Institute is an independent, non partisan organization that promotes progressive change. Grounded in social democratic values and ideas, the Institute seeks to deepen our democracy, encourage strong action to counter growing economic and social inequality, and fuel a transition to a more innovative and sustainable economy. This submission lays out concrete policy proposals that the government should consider if it is serious about implementing progressive reforms in Budget 2016.

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Canada and the TPP: Continuity or change under the Liberals?

Posted on News & Blogs by Roy Culpeper · February 01, 2016 10:53 AM

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As the new Liberal Government takes over the reins of power from the Harper government it will be interesting to see what has and hasn’t changed in Canada’s approach to international trade policy. The early signs, for those concerned with how new trade and investment agreements impact policy making in the public interest, are cause for concern. 

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Employment insurance measures a must for fiscal stimulus

Posted on News & Blogs by Angella MacEwen · January 26, 2016 11:07 AM

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Low oil prices have taken their toll on an already weak Canadian economy, where household debt levels are at record highs and business investment continues to lag. The Bank of Canada held off on a further rate cut this week, opting instead to wait and see the size and structure of fiscal stimulus in the upcoming federal budget.

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Apocalypse Now? Declining dollar, ultralow oil prices and Canada's path forward

Posted on News & Blogs by Andrew Jackson · January 23, 2016 8:00 AM

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With a plunging Canadian dollar, collapsing oil prices, slumping stock markets and signs that the economy stalled in the last quarter of 2015, it is easy to think that we are on the cusp of economic disaster. But the state of the Canadian economy, while indeed dismal, does not justify alarmist pronouncements that threaten to make things even worse by undermining consumer and business confidence.

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Fighting seniors poverty

Posted on News & Blogs by Andrew Jackson · January 10, 2016 5:36 PM

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The new Liberal government is on track to seriously address the growing problem of poverty in old age. But their election promises need some critical reconsideration. 

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Liberals should stick to spending promises despite rising deficits

Posted on News & Blogs by Andrew Jackson · December 12, 2015 9:48 AM

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The recent federal election featured something of a debate on fiscal policy, with the Liberals promising to run modest deficits for three years in order to stimulate a sagging economy and finance needed long-term investments in infrastructure and social programs. This approach won wide support among both progressives and mainstream economists.

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The global slump and the monetary taboo

Posted on News & Blogs by Andrew Jackson · November 28, 2015 8:52 AM

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Seven years after the great financial crisis of 2008, the world economy remains at high risk of a new slump despite continued ultra low interest rates. The IMF has called on the United States to put any interest rate increase on hold so as not to worsen the still extremely weak economic situation in Europe and developing countries, notably China.

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So-called "Middle Class" tax cut leaves out most Canadians

Posted on News & Blogs by Andrew Jackson · November 14, 2015 8:00 AM

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The so-called “middle class” tax cut promised by the newly elected Liberal government in the name of promoting greater fairness seems set to be quickly implemented for the 2016 tax year. Yet the distributional and revenue consequences of this measure are often misunderstood, and the proposed change merits reconsideration.

Currently there are four federal tax brackets: 15% on taxable incomes of less than $44,701; 22% on further income up to $89,401; 26% on further income up to $138,586; and 29% on income above that amount.  

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Why progressives can be proud of the Alberta budget

Posted on News & Blogs by Andrew Jackson · October 31, 2015 1:59 PM

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Canada’s right-wing have fiercely denounced the Alberta NDP government’s first budget for its failure to deeply cut spending on social programs and public services so as to balance the books. The Fraser Institute has even gone so far as to claim, absurdly, that the large Alberta deficit of $6.1 billion this year is due to years of so-called over spending rather than because of the recent collapse of oil prices.

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Liberal government faces tough fiscal choices in implementing progressive agenda

Posted on News & Blogs by Andrew Jackson · October 31, 2015 8:00 AM

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The briefing books being prepared for Prime Minister-designate Trudeau and his new Cabinet are likely warning of tough fiscal choices ahead. It will be very hard for the incoming government to reconcile a genuinely progressive platform on the social spending side with limited revenues, even given an acceptance of short-term deficits.

We can expect quick implementation of the new Canada Child Benefit, which will deliver higher benefits to all but the most affluent families with children and will significantly reduce inequality and poverty by being income-tested. This is the approach that has long been called for by Campaign 2000 and the Caledon Institute, building on the child benefit reforms of the Chretien government.

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