Showing posts from February, 2016

Top Canadian general says Canada will play a role in Libya

Canadian Chief of the Defence Staff, General Jonathan Vance claims Canada will end up playing a role in Libya where many western nations are worried about the increasing strength of the Islamic State.

Vance saidhe is not ruling out military action. Vance's statements simply add to those earlier of Minister of Defence Harjit Saijain, whohinted recently that Canada could soon join a coalition of countries who might intervene in Libya. There is already evidence of special forces operating in Libya. Vance was at a security and defence conference in Ottawa on Friday when he made his claims. He noted the international community is taking a great interest in Libya of late. Vance said:“I don’t know whether we will be involved militarily, but we will certainly be involved somehow Libya sits at a crossroads of some very important and dangerous things that are happening that are affecting Europe, it’s affecting Africa.."When asked about Vance's remarks Defence Minister Saijan said C…

OECD lowers growth outlook for Canadian economy

The Organization for Economic Co-operation and Development (OECD) has predicted a lower growth rate in Canada. From a 2 percent growth rate predicted earlier, the OECD now predicts a rate of only 1.4 percent.
While the decline was the steepest of any in the countries looked at, it was still a better performance than that of France or even Germany. The OECD warned of significant risks to financial stability that extended across borders. It also pushed politicians to remove the burden of producing stimulus from central banks. While Canada's growth is behind that of the U.S. at 2 percent and the UK at 2.1 percent, it is still better than Italy or Japan, or as mentioned, France and Germany. The U.S. and Germany suffered downgrades of one half percentage point each. In 2017 Germany is now expected to grow by 1.7 percent and the US 2.2 percent in 2017. Canada's growth ratein 2015 was just 1.2 percent, so 2016 is still predicted to be slightly better. The CIBC had predicted Canada…

Many Canadians lack sufficient funds for retirement

A study by the Broadbent Institute shows that only 15 to 20 percent of middle-income Canadians who are retiring without an employer pension plan have saved sufficient funds for their retirement.

 1 of 2 The group, now at the age of 55 to 64, will face a huge drop in their standard of living once they retire. Many will be below the poverty line. The study used figures from Statistics Canada to reach their conclusion. Almost half of Canadians, 47 percent have no employer pensions. The situation will become worse as even less younger Canadians have employer pensions. Author of the report, Richard Shillington, says that the number of seniors who are living at the poverty level will increase over the next decades. The median value of retirement assets of those Canadians age 55 to 64 was just $3,000. Those retiring without an employee pension will get the Canada Pension Plan(CPP) and Old Age Supplement(OAS), if they qualify for the latter. The total yearly compensation will be on average $1…

Ford CEO will raise risks of TPP with Canadian government officials

Dianne Craig, the Chief Executive Officer of Ford Canada says that when she meets government officials later this month, she will raise the risks posed to the Canadian automotive sector by the Trans-Pacific Partnership (TPP).
Craig said she will also discuss the need to increase subsidies in order to attract more investment in the Canadian auto sector. Ontario has been losing jobs in the sector to Mexico and the southern United States where labor costs are lower. Ray Tanguay, an automotive adviser to both the federal and Ontario government said that the federal innovation fund should be restructured. While the fund is intended to offer incentives for investment in the sector, Tanguay would like the money to be given out in the form of grants. He did not call for more money to be in the fund, saying that it was up to federal and Ontario officials to determine the economic benefits to be gained from providing more incentives. Speaking at the Canadian International AutoShow in Toronto, C…

Canada could intervene in Libya

While the Trudeau government has decided to withdraw from the bombing mission against the Islamic State in Iraq, it is now considering involvement in the plans for foreign military intervention in Libya.
In an interview with Chris Hall on the Canadian Broadcasting Corp.(CBC) radio program The House, Defence Minister,Harjit Saijan, hinted that Canada could soon join a coalition of countries who would intervene in Libya saying:  "I had a good meeting with my counterpart, the minister of defence from Italy, [on military intervention in Libya]. Italy is willing to take the lead on this; once we have a good understanding of the political situation, that will allow us to figure out what we need to do. Before we can actually say 'Yes we're interested,' 'Yes we can do this,' we're doing what all responsible coalition partners should do, assess the political and security situation, and then decide if we have the right capabilities to assist in this mission.We will b…

Liberals to honor Conservatives $15 billion armored vehicle deal with Saudis

In 2014 the Conservative government of Stephen Harper inked a huge $15 billion arms deal with Saudi Arabia. The deal was controversial because of the wretched human rights record of the Saudis.
During the campaign ahead of the October 2015 federal election that brought Justin Trudeau and the Liberal Party to power, the Liberals promised to sign the UN Arms Trade Treaty that is designed to regulate the international arms trade to promote international peace, reduce human suffering, and promote transparency. However, not long after winning power the Liberals said that the arms deal with the Saudis would be exempt from the deal. After the recent execution of 47 prisoners, including a prominent Shia cleric, in Saudi Arabia, Stephane Dion, the Canadian foreign minister said:"We have said during the campaign — the prime minister has been very clear — that we will not cancel this contract or contracts that have been done under the previous government in general. We'll review the pro…

Blackberry laying off workers in Ontario and Florida

Blackberry is laying off an unspecified but "small number" of employees both in Waterloo, Ontario, and at Sunrise Florida. The creator of the Blackberry Messenger, Gary Klassen, has left the company, according to reports.
The Florida newspaperSunSentinel reports Blackberry notified the state that it would be laying off 75 employees between February 5 and February 26. However Blackberry refused to confirm these numbers to the CBC after phone and email requests. A statementfrom Blackberryreads: "As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce. This means finding new ways to enable us to capitalize on growth opportunities, while driving toward sustainable profitability across all parts of our business. As a result, a small number of employees have been impacted in Waterloo and Sunrise, FL. It also means that BlackBerry is actively recruiting in those areas of our business that will drive growth. F…

Revenue Canada can kill you by mistake

Alyanna Lapuz, 21 from Winnipeg on January 7th this year received a letter from the Canadian Revenue Agency(CRA) addressed to the "Estate of the Late Alyanna Lapuz".
 1 of 2 A documentLapuz showed the CBC indicates she died according to public records on September 15, 2015. We all know that according to the old saying nothing is certain but death and taxes. Theoriginal quoteis from Benjamin Franklin but a similar sentiment occurs earlier by Daniel Defoe in 1726. However, there is obviously a different relationship that can occur between death and taxes. At least in the case of the Canadian Revenue Agency, the tax collector can kill you, and although you are actually still alive, you are dead as far as the CRA is concerned. The CRA may also inform other government agencies that you are dead as well so you could have welfare or unemployment insurance cut off, be unable to use your Social Insurance Number (SIN), or have scholarship payments cease. You might think that cases suc…

Canada's top civil servant calls student protesters Brownshirts

Michael Wernick, newly appointed by Prime Minister Justin Trudeau, as Clerk of the Privy Council, Canada's top civil service position is already in hot water for statements he made about protesting students.
Eight students were protesting during a board meeting that dealt with an increase in tuition fees. The students used megaphones to read statements making it difficult or impossible for some of the board members to follow what was going on. Nevertheless a vote was taken on the Task Force report that the board was considering. A number of board members were angry at the process and wrote to the Board: Given that the 30 March 2015 open session of the Board was never adjourned and the Task Force report never debated nor properly voted upon, we are requesting that the Board reconvene for a special session for de novo discussions of the Task Force report. All Board members, including students, have the opportunity to speak as they see fit, possibly on behalf of their constituents, w…