Economy

Forum topic

Interest Rates rise again, but where's the old Bank of Canada rate matching????

The big banks are raisiing mortgage rates again. What I want to know: why is no one talking about the big banks NOT matching the Bank of Canada key lending rate??? Like they used to, before the 2008 recession?

Remember when the Bank of Canada dropped its rate to 0.25% and the big banks REFUSED to follow, and kept their rates at 2.25%?

I knew they would never go back to the old ways, they got away with it. Since the Bank of Canada has raised its key lending rate since last year, now sitting at 1%, the big banks have also raised their rates. They're 3%, and apparently set to rise again, without the Bank of Canada raising its key rate.

criminal.

And even in an election, no one is talking about it.

Forum topic

The Atlantica Party Alternative Budget 2011

This morning the Atlantica Party released its first ever Alternative Budget.

Among the highlights of the Alternative Budget:

• $1 Billion in non-essential departmental cuts
• A 2% cut in the HST reversing the NDP tax hike
• Application of the Atlantica Party's Spending Restraint Rule to fix the province's structural deficit

For a complete copy of the Alternative Budget please visit www.atlanticaparty.ca

 

Event

Toronto anarchist bookfair 2011

Apr 15, 2011 to Apr 17, 2011
Steelworker's Hall & Bahen Centre
25 Cecil St. & 50 St. George. St.
Toronto , ON
Canada
43° 39' 37.8576" N, 79° 23' 49.1928" W
Ontario CA
The 2011 Toronto anarchist bookfair and is set to be an amazing weekend of workshops, radical discussions, books, zines, great food and friends.
Forum topic

High gas prices a speculation?

I know everyone talks about this a lot..but how much do you all pay for your gas? What does everyone think about the increasing gas prices? I pay almost $30 a day traveling back and forth from work.

A lot of news articles show that gas is most likely to keep going up - esp in April and May, but luckily our high Canadian dollar is actually helping us to restrain the gas price hikes.

And is it just me or do Canadian Tire gas locations seem to be cheaper? (P.S. Complete side note: just found out they're having a contest to win 1 of 3 $50,000 cash prizes and other great prizes when you visit their stores and get a Game Card. I just tried it - it's called the 50K giveaway).

 

Event

Budget 2011: warfare or welfare

Mar 17, 2011 to Mar 18, 2011
Davenport-Perth Neighbourhood Centre
1900 Davenport Road west of Symington
Toronto
Canada
43° 39' 9" N, 79° 22' 54.0012" W
CA
A community forum to discuss budget priorities
Event

Egypt and the Return of Revolutionary Struggles

Mar 17, 2011 to Mar 18, 2011
Centre St. Pierre
1212 Panet St. Room 203
H2L 2Y7 Montreal
Canada
45° 31' 8.8824" N, 73° 33' 12.0672" W
CA
A call for all galvanized by the events in North African and the Middle East
Forum topic

Corporations Owe Billions in Unpaid Back Taxes, Ignored or Waived by Governments?

Interesting article, especially considering the massive cuts to corporate taxes, cuts and attempts to slash public spending and services.  If this much is owed by a few companies, imagine what the total must amount to especially all the undisclosed cases of this.  

Might amount to enough to pay off the debt racked up from the financial collapse and billions of subsidies given to big corporations, not to mention it invalidates the need for tax cuts since they are paying far below what is required anyways.

 

http://www.alternet.org/economy/150010/us_uncut_--_a_grassroots_uprising...

Event

Lunchbox Speakers' Series - Innovating funding

Feb 23, 2011
Ontario Institute for Studies in Education, U of T
252 Bloor St. West Room 12-199
Toronto
Canada
43° 40' 4.854" N, 79° 23' 54.0816" W
CA
A talk on how the Toronto Community Foundation mobilizes donors to tackle quality of life issues in innovative ways
Forum topic

Does West Van really have high child poverty?

A West Van MLA is investigating a supposed high-rate of low income families with children in the wealthiest suburb of Canada. Why would genuinely poor families live in a community where the police will pull you over for driving a beater? Come on, we know what's really going on here. Once again, rich people are dodging taxes. Call in the CRA, Sultan.

Note: "(Households on Xwemelch'stn (Capilano 5 Reserve) were not included in Statistics Canada's data.)"

Event

Screening of Home Safe Toronto

Feb 4, 2011 to Feb 5, 2011
The Centre of Gravity
1300 Gerrard St. East
Toronto , ON
Canada
43° 40' 16.3704" N, 79° 19' 37.794" W
Ontario CA
The film Home Safe Toronto deals with how Canadian families live with the threat and the experience of homelessness.
Forum topic

Growth - UofO debate

this is (to me), as Peter Victor mentions at one point 'the nut'

Be it resolved that building an environmentally sustainable society will require an end to economic growth. this 'debate' or maybe better, 'cogent discussion,' took place January 20 at the University of Ottawa: http://www.sustainableprosperity.ca/debate

a webcast is now available: http://137.122.181.150/mediasite/SilverlightPlayer/Default.aspx?peid=5c9...

if you watch the webcast you may want to skip to 25 minutes in to avoid being turned off by the usual CBC incompetence, and you will have to download Microsoft Silverlight as well ( http://www.silverlight.net/getstarted/ )

Forum topic

Boeing lays off 1000 workers

http://blacklistednews.com/One-Day-After-Securing-A-Huge-Deal-With-China...

Boeing just laid off 1000 workers in Southern California, according to the Orange County Register.

The move comes just a day after Boeing agreed to a $19 billion deal with China to produce 200 airplanes for the country.

The layoffs affect workers in the company's Long Beach, Anaheim, and Huntington Beach facilities. The bulk of the layoffs will occur in Long Beach, where 900 will lose their jobs.

The company has been consistently cutting jobs in Long Beach. It had 20,000 employees there in 1990 and now only has 7,000, according to the Long Beach Press Telegram.

 

 

Event

Marx’s Capital, Volume I: a visual guide

Jan 30, 2011 to Mar 7, 2011
Of Swallows, their deeds, & the winter below
283 College St. upstairs
M5T 1S2 Toronto
Canada
43° 39' 27.6948" N, 79° 24' 3.0924" W
CA
A Detailed & Accurate Visual Guide to Karl Marx's Capital: Vol.I
Forum topic

Canada-Europe Free Trade Agreement Largest Deal Yet

What You Don't Know About A Deal You Haven't Heard Of  -  by Maude Barlow

http://www.theglobeandmail.com/news/opinons/opinion/what-you-dont-know-a...

"In coming days, Canada and European officials will intensify negotiations on a new trade agreement most Canadians have never heard of. The Canada-European Comprehensive Economic and Trade Agreement is by far the largest free trade deal this country has ever undertaken.."

Forums: 
Event

James Laxer lecture: The crash and after -- Economic choices for Canada

Jan 5, 2011
York University
Vanier College Common Room
Toronto , ON
Canada
43° 46' 31.8468" N, 79° 30' 8.2332" W
Ontario CA
A lecture by James Laxer that will deal with the causes and consequences of the global economic crash, the reconfiguration of the global economy and the choices for Canada in the coming decades.

Pages

Subscribe to Economy