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  • Canada’s Fossil-Fuelled Pensions June 22, 2018
    The British Columbia Investment Management Corporation is the steward of BC’s public pensions, but bankrolls companies whose current business models exceed the climate change targets agreed to in the Paris Agreement to which Canada is a signatory. The pensions of over 500,000 British Columbians and assets worth $135 billion are managed by the Corporation—-one of Canada's largest […]
    Canadian Centre for Policy Alternatives
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    Climate change; stagnant global economic growth; political polarization; growing inequality.  Our city finds itself dealing with all these issues, and more at once. The 2018 Alternative Municipal Budget (AMB) is a community response that shows how the city can deal with all these issues and balance the budget.
    Canadian Centre for Policy Alternatives
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    When we think of a “boomtown,” we often imagine a formerly sleepy rural town suddenly awash in wealth and economic expansion. It might surprise some to learn that for many municipalities in oil-producing regions in Saskatchewan, the costs of servicing the oil boom can outweigh the benefits. A Prairie Patchwork: Reliance on Oil Industry Philanthropy […]
    Canadian Centre for Policy Alternatives
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    Canada faces some very difficult choices in maintaining energy security while meeting emissions reduction targets.  A new study by veteran earth scientist David Hughes—published through the Corporate Mapping Project, the Canadian Centre for Policy Alternatives and the Parkland Institute—is a comprehensive assessment of Canada’s energy systems in light of the need to maintain energy security and […]
    Canadian Centre for Policy Alternatives
  • The 2018 Living Wage for Metro Vancouver April 25, 2018
    The cost of raising a family in British Columbia increased slightly from 2017 to 2018. A $20.91 hourly wage is needed to cover the costs of raising a family in Metro Vancouver, up from $20.61 per hour in 2017 due to soaring housing costs. This is the hourly wage that two working parents with two young children […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

Why Toronto needs a national housing strategy

Dr. Colin Phillips is an up-and-coming scholar in Canada’s homelessness sector. He has an opinion piece in today’s Toronto Star titled “Why Toronto needs a national housing strategy.”

Points made in the opinion piece include the following:

-The City of Toronto has worked hard to develop good practices on the ground to address homelessness.

-But, like all of Canada’s major urban centres, it can’t properly address homelessness without substantial increases in funding from the federal and provincial governments.

This opinion piece is quite timely, as a new “national housing strategy” is expected to be unveiled by the Trudeau government later this month.

On Monday, the Calgary Homeless Foundation will be publishing a peer-reviewed report authored by Dr. Phillips. That report’s focus will be Toronto’s Streets to Homes program (a program that provides immediate access to housing to persons experiencing homelessness).

Enjoy and share:

Comments

Comment from Larry Kazdan
Time: November 16, 2017, 8:47 pm

Letter to Editor (unpublished) with footnotes

Re: Why Toronto needs a national housing strategy, Colin Phillips, Nov. 11, 2017

https://www.thestar.com/opinion/commentary/2017/11/12/why-toronto-needs-a-national-housing-strategy.html

Can Canada afford tens of billions of dollars for high-tech fighter jets, updated warships, armed drones and state-of-the-art frigates? That question seldom deters. A majority government simply decides what it wants and allocates sufficient monies.

Can Canada afford several billion dollars to house the homeless and create affordable housing for low-income families? That question is often asked and provides politicians with a suitable excuse. However, the federal government can always make funds available and can always build housing if desired since it owns a central bank. Canada does not lack a trained workforce nor construction materials.

The problem is not economics, but political power. The military-industrial complex has greater influence over awarding of federal contracts than urban street people sheltered in cardboard boxes.

Footnotes:

1. Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens
Martin Gilens and Benjamin

https://scholar.princeton.edu/sites/default/files/mgilens/files/gilens_and_page_2014_-testing_theories_of_american_politics.doc.pdf

Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence.

2. William Mitchell is Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), University of Newcastle, NSW, Australia

British Green’s leader can’t say “we will increase the deficit”!

http://bilbo.economicoutlook.net/blog/?p=30293

She could have simply said – “If we are in government, then the British people will understand we issue the currency and we will pay for this by increasing the deficit and instructing the Bank of England to credit the necessary bank accounts to facilitate the purchases.”

That is the plain truth of it.

They can do that. If there is a need for 1/2 million more social houses then they should do that as long as it is within the real economy’s capacity to provide the housing.

If it is not in the capacity then they would have to assess priorities and perhaps have to raise taxes to withdraw spending capacity from the private sector.

Simple macroeconomics.

3. Liberals promise extra $62B for military over next 20 years, THE CANADIAN PRESS, June 7, 2017

http://torontosun.com/2017/06/07/liberals-to-top-off-defence-spending-by-14-billion-annually-by-next-decade/wcm/07f5bd6b-4f96-47eb-abff-26c2c28530d2

The Trudeau government committed Wednesday to spend $62 billion more over the next two decades for a major expansion of the Canadian Armed Forces…..

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