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  • A critical look at BC’s new tax breaks and subsidies for LNG May 7, 2019
    The BC government has offered much more to the LNG industry than the previous government. Read the report by senior economist Marc Lee.  
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    The 2019 living wage for Metro Vancouver is $19.50/hour. This is the amount needed for a family of four with each of two parents working full-time at this hourly rate to pay for necessities, support the healthy development of their children, escape severe financial stress and participate in the social, civic and cultural lives of […]
    Canadian Centre for Policy Alternatives
  • Time to regulate gas prices in BC and stop industry gouging April 29, 2019
    Drivers in Metro Vancouver are reeling from record high gas prices, and many commentators are blaming taxes. But it’s not taxes causing pain at the pump — it’s industry gouging. Our latest research shows that gas prices have gone up by 55 cents per litre since 2016 — and the vast majority of that increase […]
    Canadian Centre for Policy Alternatives
  • CCPA welcomes Randy Robinson as new Ontario Director March 27, 2019
    The Canadian Centre for Policy Alternatives is pleased to announce the appointment of Randy Robinson as the new Director of our Ontario Office.  Randy’s areas of expertise include public sector finance, the gendered rise of precarious work, neoliberalism, and labour rights. He has extensive experience in communications and research, and has been engaged in Ontario’s […]
    Canadian Centre for Policy Alternatives
  • 2019 Federal Budget Analysis February 27, 2019
    Watch this space for response and analysis of the federal budget from CCPA staff and our Alternative Federal Budget partners. More information will be added as it is available. Commentary and Analysis  Aim high, spend low: Federal budget 2019 by David MacDonald (CCPA) Budget 2019 fiddles while climate crisis looms by Hadrian Mertins-Kirkwood (CCPA) Budget hints at priorities for upcoming […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

Time to Nationalize The Globe and Mail?

In response to a pretty moderate Ontario NDP platform, today’s lead Globe and Mail editorial goes off the rails on a crazy train: “disastrous,” “protectionism run amok,” “a fantasy,” “a radical platform that would move Ontario toward a command economy” and “dangerous provincialism.”

It breathlessly reports that “Ms. Horwath did not rule out nationalization of the auto insurance industry” and goes on to contend “This is not the moderate NDP of the Manitoba or Nova Scotia governments.”

Someone needs to inform the Globe editorial board that a Manitoba NDP government did nationalize (or provincialize?) auto insurance and it is working rather well (ditto Saskatchewan and BC).

As I noted last year, the Canadian city with the most insurance-industry employment per capita is the capital of the first province to establish a publicly-owned insurance company.

UPDATE (October 5): I have the following letter in today’s Globe:

Corporate tax rates

Your editorial, Closed for Business (Oct. 4), claims that “corporate tax rate increases are correlated with less investment.” For more than a decade, the correlation has actually been decreasing corporate taxes and less business investment.

The combined federal-Ontario corporate tax rate was slashed from 45 per cent in 1999 to 30 per cent in 2010. Over the same period, investment in machinery and equipment fell from 8.3 to 5.5 per cent of the province’s gross domestic product.

Six months ago, The Globe reported a similar nationwide correlation on its front page under the headline Corporate Tax Cuts Don’t Spur Growth. The NDP is right to advocate reversing failed corporate tax breaks.

Erin Weir, economist, United Steelworkers, Toronto

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Comment from Josh Johnson
Time: November 11, 2011, 8:24 pm

What insurance company in Nova Scotia is publicly owned?

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