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Economy

Singh says pharmacare talks ‘ongoing,’ doesn’t expect details in fall economic statement

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NDP Leader Jagmeet Singh said Wednesday he does not expect to see legislation to create a national pharmacare system in next week’s fall economic statement because negotiations with the Liberals are “ongoing.”

Singh made the remarks in Toronto, where he was outlining what he wants to see in Finance Minister Chrystia Freeland’s fall economic statement, which will be presented on Nov. 21.

Under the confidence-and-supply agreement between the Liberals and the NDP — which sees New Democrats support the Liberal minority government on confidence votes in exchange for progress on NDP policy priorities — the Liberal government committed to passing pharmacare legislation by the end of 2023. Parliament is only sitting for another four weeks between now and the end of the year.

“I don’t think that we are going to get to the point where we need to get on pharmacare next week, so that’s going to be an ongoing negotiation. So I’m not worried about next week in terms of pharmacare,” Singh said.

He said the NDP will keep pushing the Liberals to craft an agreement it can live with. He said New Democrats won’t accept a pharmacare plan that fails to help everyone.

Singh said he’s seen a draft of federal pharmacare legislation. He said his party sent it back to the Liberals because it could not agree with one of the major elements of the proposed bill.

“The Liberals want to leave the door open for some form of mixed public-private, where the pharmaceutical industries continue to make huge profits,” he said.

“We don’t care about them. We don’t want to appease them. We want to make sure Canadians can afford their medication.That’s our priority.”

 

First draft of pharmacare legislation was ‘insufficient,’ NDP leader says

 

Featured VideoNDP Leader Jagmeet Singh says the federal government is now working on ‘some amendments’ to pharmacare legislation.

Singh was asked several times if he would pull out of the confidence-and-supply agreement with the Liberals if pharmacare legislation is not passed by the end of the year. He sidestepped, saying he’s confident the NDP and Liberals can find common ground.

The NDP says it wants a public, universal, single-payer pharmacare system, rather than one that permits private medical plans with drug coverage.

Groceries and rent

Singh said he wants the economic statement to include measures to lower rents and bring down the cost of groceries.

“I want to see real investments in building affordable housing,” he said. “Places where people can afford to rent, ways to bring down the cost of rent. That’s what I want to see in this economic statement.”

Speaking in Mascouche, Que., Freeland pointed out that she and Industry Minister François-Philippe Champagne met with the CEOs of major grocery chains to ask them to come up with plans to stabilize prices. She added there are other ways to get prices down.

 

Singh says NDP will ‘keep pushing on pharmacare’

 

Featured VideoRosemary Barton speaks with NDP Leader Jagmeet Singh, about his party’s call for more help on Canadians’ home heating costs, voting with Conservatives on their carbon tax motion, and the future of the confidence-and-supply agreement with the Liberals.

“We need to make a major change in Canadian competition law,” she said. “A very important way to bring prices down is through competition.

“We need to bring more competition into the Canadian economy, particularly in the grocery sector.”

Freeland said she and Champagne are working on that approach and are looking “forward to bringing some meaningful advances forward.”

 

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Economy

Minimum wage to hire higher-paid temporary foreign workers set to increase

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OTTAWA – The federal government is expected to boost the minimum hourly wage that must be paid to temporary foreign workers in the high-wage stream as a way to encourage employers to hire more Canadian staff.

Under the current program’s high-wage labour market impact assessment (LMIA) stream, an employer must pay at least the median income in their province to qualify for a permit. A government official, who The Canadian Press is not naming because they are not authorized to speak publicly about the change, said Employment Minister Randy Boissonnault will announce Tuesday that the threshold will increase to 20 per cent above the provincial median hourly wage.

The change is scheduled to come into force on Nov. 8.

As with previous changes to the Temporary Foreign Worker program, the government’s goal is to encourage employers to hire more Canadian workers. The Liberal government has faced criticism for increasing the number of temporary residents allowed into Canada, which many have linked to housing shortages and a higher cost of living.

The program has also come under fire for allegations of mistreatment of workers.

A LMIA is required for an employer to hire a temporary foreign worker, and is used to demonstrate there aren’t enough Canadian workers to fill the positions they are filling.

In Ontario, the median hourly wage is $28.39 for the high-wage bracket, so once the change takes effect an employer will need to pay at least $34.07 per hour.

The government official estimates this change will affect up to 34,000 workers under the LMIA high-wage stream. Existing work permits will not be affected, but the official said the planned change will affect their renewals.

According to public data from Immigration, Refugees and Citizenship Canada, 183,820 temporary foreign worker permits became effective in 2023. That was up from 98,025 in 2019 — an 88 per cent increase.

The upcoming change is the latest in a series of moves to tighten eligibility rules in order to limit temporary residents, including international students and foreign workers. Those changes include imposing caps on the percentage of low-wage foreign workers in some sectors and ending permits in metropolitan areas with high unemployment rates.

Temporary foreign workers in the agriculture sector are not affected by past rule changes.

This report by The Canadian Press was first published Oct. 21, 2024.

— With files from Nojoud Al Mallees

The Canadian Press. All rights reserved.

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Economy

PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025

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OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.

However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.

The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.

Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.

The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.

The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

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Economy

Statistics Canada says levels of food insecurity rose in 2022

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OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.

In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.

The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.

Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.

In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.

It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.

This report by The Canadian Press was first published Oct 16, 2024.

The Canadian Press. All rights reserved.

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