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There can be no plan for the economy without a vaccine distribution plan: O'Toole – CBC.ca

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Conservative Leader Erin O’Toole dismissed the federal government’s fall economic statement saying a three-year plan to provide stimulus to the economy is pointless without first revealing how Canadians will be vaccinated against COVID-19.

“The minister of finance has proven their government has no plan. Without a plan for vaccines, there can be no long-term plan for our economy,” O’Toole said in the House of Commons on Monday. 

Deputy Prime Minister and Finance Minister Chrystia Freeland responded that enough vaccine has been prepurchased to ensure there are up to 10 doses for every Canadian, but she did not provide details on how vaccines will be rolled out in Canada. 

“We don’t know the first date vaccines will be received. Almost, most of our allies do, in fact the U.K. and the U.S. will start receiving them in the next few days. Canadians are going to be asking questions and they deserve answers,” O’Toole later told CBC News Network’s Power & Politics

“This is a debacle,” he told host Vassy Kapelos. “We’re pushing because there is a real problem here.”

WATCH | O’Toole pushes for vaccine plan:

Opposition Leader Erin O’Toole says the government needs to present a clear plan for distributing vaccines to Canadians. 1:27

O’Toole also said the government’s efforts to provide economic support to both companies and individuals could have been more effective if implemented sooner. 

“The truth is the Liberals’ economic response has been erratic and confused. Millions more Canadians were put on the CERB than necessary when their jobs could have been maintained if the Liberals had implemented a wage subsidy earlier,” he said. 

In Monday’s fiscal update Freeland projects that the deficit will reach $381.6 billion by the end of March 2021 and could climb higher, depending on the rate of COVID-19 infections.

The Liberal government said it is preparing to spend up to $100 billion to kick-start the post-pandemic economy over the next three years, promising it would provide details in the coming months. 

Bloc Québécois Leader Yves-François Blanchet said there should be much more detail about the government’s plan to provide economic stimulus, especially when the government is so deeply in debt. 

“They have renounced the very idea of controlling deficits,” Blanchet said. “They basically say there is no limit to what they will spend without saying, or without admitting, how badly sometimes they do spend it.”

WATCH | O’Toole claims government’s slow response led to job losses:

Reacting to the federal government’s Fall Economic Statement, Opposition Leader Erin O’Toole says the government’s slow response to the economic downturn caused by the COVID-19 pandemic has caused thousands of job losses. 1:43

NDP finance critic Peter Julian told the House of Commons that the economic statement should be a signal to Canadians that “austerity is coming.” 

Leader Jagmeet Singh was later asked by Kapelos to clarify that position. He said the government’s plan to reduce supports as the economy recovers is evidence Canadians should be concerned. 

“If you look at their economic update in the next years, past Year Two and Three, we see clearly cuts to the help that people need,” Singh told Kapelos. 

Singh was particularly critical of the Liberal government’s decision to put off directly taxing web giants such as Amazon and Google until 2022, while starting to collect GST/HST on goods and services provided by foreign-based digital companies.

Watch: NDP Leader Singh says Fall Economic Statement shows future ‘cuts to the help that people need’

Reacting to the Fall Economic Statement, NDP Leader Jagmeet Singh says the government should be more focused on generating revenue from wealthy individuals and corporations so that it can continue to invest in helping people in a sustained way 4:18

Singh said the application of the GST was important because it put Canadian companies on an even footing with foreign companies, but was meaningless because it failed to directly tax those corporations. 

“Why is it, six years into their government, they still have not actually made web giants pay a single, effectively a cent, of corporate tax? Actually revenue-based taxes that they make off of Canadians in Canada?” he asked Kapelos. 

Singh said he wanted to see a wealth tax that targets people that have more than $20 million and also “pandemic profiteering taxes” levied on companies that have “made massive profits off the backs of Canadians,” during the pandemic. 

Green Party Leader Annamie Paul welcomed some of the environmental initiatives in the economic statement, particularly issues that help the federal government achieve its net-zero objective. 

“There are also enhanced investments in the infrastructure, projects and those sectors which will move us toward net-zero by helping to reduce Canada’s greenhouse gas emissions,” she said. 

However she criticized the failure to deliver a plan that would see emissions cut by 60 per cent from 2005 levels or the implementation of a carbon budget setting out the maximum level of emissions Canada can emit and still keep global temperatures from rising.

Watch: Green Party leader says Liberal government is delaying many initiatives past the next election

Federal Green Party Leader Annamie Paul spoke with reporters after the fiscal update on Monday. 1:04

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A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

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