Month: November 2015
As politically popular as it is to spew “soak-the-rich” rhetoric during an election campaign, the reality is that it is a very inefficient way to raise revenues or to address income inequality. Indeed, it will actually shrink the economic pie. It provides a disincentive to entrepreneurial spirit and work effort and it will make it…
Finance Minister Bill Morneau said today that Canada’s budget is deeper in the red than we were told in the 2015 budget as the economy’s performance has disappointed. He also revised down the government’s outlook for the economy over the next year. According to the Minister, the federal books are short roughly $3 billion in…
November 12, 2015
Category: Media Reporting on Sherry
Starbucks Canada targets youth unemployment with program to hire at-risk young people
“There’s a crisis on youth unemployment and there’s a crisis on the hope that you can achieve, that you can get started,” Luisa Girotto, Starbucks Canada’s vice president of public affairs, said. “It’s not enough to say we’ll hire five, we’ll hire ten. It’s not about making a little dent.” Canada’s national youth unemployment rate was 13.5…
The jobs numbers released today for October exceeded expectations in both the U.S. and Canada. This was a particularly important report for the U.S., because it all but insures that the Federal Reserve will hike rates for the first time in a decade when they next meet on December 16. Interest rates in both Canada…