March 21, 2023

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Homeownership dreams dashed for many young Canadians as house prices soar
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Homeownership dreams dashed for many young Canadians as house prices

admin April 25, 2021

When Andrés Peñaloza and his wife Maria Fernanda Gonzalez first immigrated to Canada from Venezuela more than two years ago, they dreamt of a better life, which included owning a home. But after years of looking to buy something that would be suitable for the family they hope to start in Vancouver, they’ve quit searching.“We’ve seen the bidding wars and houses selling way over asking price. It’s very discouraging,” Peñaloza, who works as a research assistant at the University of British Columbia, told Global News.With the average home price in Canada jumping 31.6 readmore

As Canada’s federal and provincial budgets swell, sales-tax increases may follow
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As Canada’s federal and provincial budgets swell, sales-tax increases may

admin April 22, 2021

Canada’s provincial and federal government debt has ballooned during the COVID-19 pandemic, as it has for governments around the world, as they cope with both the costs of a health emergency and the need to use taxpayer dollars to prop up their economies.But in Canada, some of the new public spending will settle at a permanently higher level or resume an upward trend once life goes back to normal, some economists say. Read more: How Canada’s federal budget affects benefits, taxes, and the minimum wage In Ottawa, the 2021 federal budget is eyeing a slew of new measures — readmore

How Canada’s federal budget affects benefits, taxes, and the minimum wage
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How Canada’s federal budget affects benefits, taxes, and the minimum

admin April 19, 2021

From COVID-19 benefit extensions through new taxes to a bump in Old Age Security payments and a new pay floor for some minimum-wage workers, Canada’s 2021 federal budget outlines a slew of measures that will impact Canadians’ bottom lines.READ MORE: Liberals focus on child care, e-commerce for growth after COVID-19 in new budgetThe Trudeau government’s first budget since 2019 runs at whopping 724 pages and contains a number of proposals meant to both support Canadians in the ongoing COVID-19 and set the stage of what will come after.Here are some of the highlights from the measures aimed directly at readmore

Federal budget delivers big promises on childcare, tamer housing measures
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Federal budget delivers big promises on childcare, tamer housing measures

admin April 19, 2021

Canada’s 2021 budget delivers big promises to slash childcare fees but more timid measures to tackle the other major source of financial strain for young families: housing.As widely anticipated, the creation of a Canada-wide early learning and childcare plan is the centerpiece of the first federal budget presented by Finance Minister Chrystia Freeland.Ottawa is proposing up to $30 billion in fresh spending over the next five years to create a nationwide childcare system that it promises will bring childcare fees down to an average of $10 per day in regulated childcare centres by fiscal 2025-26. Read more: Canada’s debt readmore

Budget 2021: What’s missing as feds say no to new GST hike, universal basic income
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Budget 2021: What’s missing as feds say no to new

admin April 19, 2021

The Liberal government has laid out billions in fresh spending after over two years without a federal budget — and while many of the government’s recent pledges graced its pages, others were notably absent.It’s possible some policies were pushed out of reach as COVID-19 variants sent a third wave hurtling through Canada, forcing the government to refocus its priorities onto more immediate relief measures, according to one economist. Read more: Liberals eye ‘lost generation’ risk with sweeping COVID-19 recovery plan “They left a lot of things out of this budget that I think were being kicked around, bandied readmore

Liberals to release federal budget Monday, with focus on post-COVID-19 economy
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Liberals to release federal budget Monday, with focus on post-COVID-19

admin April 19, 2021

The federal government will unveil its spending plans Monday afternoon to manage the remainder of the COVID-19 crisis and chart an economic course in a post-pandemic Canada.The Liberals’ first budget in two years is expected to outline the government’s plans for a national child-care system, including what strings will be attached to any spending.COMMENTARY: Federal budget amid COVID-19 crisis will ‘set the agenda’ for next electionThere are also expected to be measures to boost the supply of affordable housing and money aimed at greening the economy as the Liberals look to chart a path for promises on readmore

‘No recovery without a she-covery’: Calls mount for targeted support for women
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‘No recovery without a she-covery’: Calls mount for targeted support for

admin April 6, 2021

Previous economic downturns have followed a specific pattern: a greater impact on men’s employment, with women’s job gains leading the recovery. But during the COVID-19 pandemic, that formula has been flipped.The disproportionate impact of this pandemic recession on women’s jobs – evident in hair salons, food courts, restaurants, travel agencies, pubs and bars across Canada – means that the tried-and-tested stimulus measures of downturns past won’t cut it. Measures offering targeted support for women are needed in the upcoming federal budget, according to economists and labour market analysts. And the stakes are very high.Economist Armine Yalnizyan readmore

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