A proposed federal private members’ bill – Freedom 65 – now seems likely to die before it can be voted on. If that happens then it is unfortunate. The bill would repeal a section of the Canadian Human Rights Act that allows federally regulated employers to terminate employees who have reached “the normal age of [...]
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The Conservative record: Immigrants see a harsher Canada
Canada’s immigration system has changed profoundly since Prime Minister Stephen Harper took power five years ago. This week, the public got its first glimpse of who the winners and losers are. Immigration Minister Jason Kenney inadvertently pulled back the veil. He announced that immigration reached a 50-year high last year. “While other western countries cut [...]
Canada Is The Second Most Popular Emigration Destination For Wealthiest Citizens Of China: Survey
A new report from the authors of China’s rich list reveals that nearly half of China’s wealthiest citizens are considering emigrating, with the United States and Canada the most popular destinations. The survey by the Bank of China and the Hurun Report found that 46% of Chinese with assets worth more than 10 million yuan [...]
CANCER IS NATION’S TOP KILLER
For the first time, cancer is the leading cause of death in Canada. Statistics Canada announced recently that, according to 2008 data, cancer accounted for just less than 30% of all the deaths in the country. Of the 238,617 people who died in Canada in 2008, cancer claimed 70,558 of them. Together with heart disease, [...]
Canada Revenue Agency Announces Maximum Pensionable Earnings For 2012
Ottawa, Ontario, November 1, 2011… The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2012 will be $50,100—up from $48,300 in 2011. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in [...]
BUY GOLD FOR $20 FROM THE ROYAL CANADIAN MINT
Gold is trading just over $1,730 (U.S.) an ounce, but the Royal Canadian Mint plans to start selling it for $20. Of course, $20 will only buy a speck of bullion about the size of a grain of sand. Actually the buyer will only receive an Exchange Traded Receipt that provides evidence of ownership of [...]
Carney is new FSB head
The Bank of Canada confirmed that Governor Mark Carney will serve as chairman of the Financial Stability Board. Carney had been the frontrunner to replace Mario Draghi, who has become the new head of the European Central Bank. The FSB has been established to coordinate at the international level the work of national financial authorities [...]
Ontario Put on Credit Watch
Credit rating agency Moody’s Investors Service has put the province of Ontario on notice, revising its outlook to negative from stable. Ontario’s 2012-2013 budget will determine whether the province’s Aa1 rating will stay or not. Ontario has the highest provincial debt – $238.4 billion as of the March 31, 2012, fiscal year end. Ontario’s debt [...]
CPI: Prices up 2.9 per cent Year over Year
Consumer prices rose 2.9% in the 12 months ended November, matching the increase in October. Prices in all eight components of the Consumer Price Index (CPI) rose. According to Statistics Canada, the cost of transportation increased 5.7% in the 12 months from November 2010 to November 2011, fuelled by a 13.5% increase in gasoline prices. [...]
“Co-operative Approach With The Provinces” Is The Way To Create A National Securities Regulator
Finance Minister Jim Flaherty says the federal government will not pursue its current plan to create a national securities regulator after the Supreme Court of Canada said that doing so would be “not valid” under the Constitution. “We have the decision and we will respect it,” Flaherty said in a short statement following the decision [...]
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