LIKE WE DIDN’T KNOW

If it wasn’t for bad jobs there woudn’t be any jobs at all

2 people holding a sign, one sign reads Looking for a job and the other sign reads Hire Me!

IT’S TOUGH TO FIND A GOOD JOB THESE DAYS. So tough even the banks admit it. That’s just what the Canadian Imperial Bank of Commerce did in its latest economics report. Here’s their first sentence, “Is the quality of employment in Canada in decline?” Their answer: “We think so.” NFK!

HOOPED

The 59 tax breaks you won't ever get

Women holding sign that reads "One day the poor will have noting left to eat but the rich."

YOU'RE NOT LIKELY TO MAKE THE CUT. The juiciest income tax breaks in Canada are not likely to be within your reach. You're not likely to make enough to cash in on any of them. It's Catch 22 one more time: only the ones who need them the least, get them the most.

TAPPED OUT

The Broke Generation

Brittany Verge

Kids these days are worse off than their parents were at their age—so badly so, that many cannot afford to have children of their own.

“My worry is that I’m going to be, you know, with college-age kids some day and still paying my loan.”

Brittany Verge

Industrial strategy seen as way to save environment

An industrial strategy represents the best opportunity to make the shift to the zero carbon economy needed to avoid the risks and disruptions expected as climate change gets worse. That’s the conclusion of environmental campaigner Andrew Simms in an op-ed in the Guardian this week.

Research Outlines Economic and Environmental Benefits of Producing Steel in Canada

A recently released research paper from the United Steelworkers (USW), The Case for Canada’s Steel Industry, raises a couple of concerns that need to be part of any decision around supporting the steel industry in Canada.

"One Million Climate Jobs" Plan Delivers Growth While Protecting the Environment

As the Green Economy Network’s proposal for one million climate jobs shows, it is possible to take action on the economy and climate change at the same time.

Trans-Pacific Partnership criticized for impact on innovation and entrepreneurship

Successive Canadian governments have claimed that trade agreements like the Trans-Pacific Partnership were necessary to build Canada’s economy. Long-standing concerns about the impact on labour standards, environmental regulations and the ability of federal and provincial governments to engage in economic development have been dismissed.

Recently, however, a new concern has emerged.

Valeant scandal result of focus on short term

A National Observer article suggests that a root cause of the Valeant scandal was a focus on what was happening to the price of shares in the short term. According to the article, the decision to cut R&D and borrow heavily to finance takeovers led to a revenue increase, which in turn caused a significant increase in share prices.

Gas shortages raise questions

An entire province facing gas shortages for as much as a week is yet another reminder that when things are left to the markets, we have no control over how fuel and other commodities are supplied to us. And when there are shortages of commodities we depend on, we can suddenly be very vulnerable.

RBC Manufacturing Index Shows Lowest Level Since It Started

Last week RBC announced that its Canadian Manufacturing PMI (Purchasing Managers’ Index) had hit a new low in September. The index, based on a survey of manufacturers, found employment and new business were both falling.

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