Tag Archives: Wages

Finances

Corporations are winning the inflation bump, while Canadians struggle with high prices

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

As Canadians struggle to afford essential goods and services, the spoils of inflation are ending up largely in corporate profits, particularly in oil, gas and mining industries, a new analysis reveals.

The Canadian Centre for Policy Alternatives (CCPA) crunched the numbers to see how much more Canadians spent over the last two years due to inflation and pinpointed which industries benefited the most.

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Finances

Seven ways to tackle inflation without raising interest rates

Originally published on Corporate Knights

Editor’s note: Guy Dauncey’s Big Solutions: Raising interest rates is a cruel cudgel that hurts the most vulnerable. There are other responses that governments and central banks should consider.

By Guy Dauncey

There are many causes of inflation, but there’s only one solution central banks seem willing to consider: increase interest rates. This has many people scratching their heads: Why would this bring down the price of rent, food or gas? Won’t it increase costs for anyone who pays interest on a variable-rate mortgage or consumer loan? And won’t it make essential green investments more difficult?

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Jobs

Lifestyle leads list of labour issues as business grapples with survival

By Timothy Schafer, The Nelson Daily, Local Journalism Initiative Reporter

The state of the business sector in Nelson has less to do with inflation, supply chain issues and labour and more to do with a culture change in its workforce, according to the proponents of a new study from the city’s chamber.

Tom Thomson and Darren Davidson spoke about the sentiment behind the State of the Sectors case studies report authored and issued recently by the Nelson and District Chamber of Commerce.

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Housing, Poverty

Demographics of the ‘Unsheltered’ and ‘At Risk’ on Cortes and Quadra Islands

There were at least 159 Cortes Island residents living in ‘unsheltered’ or ‘at risk’ conditions when they responded to the housing needs survey last spring. There was a smaller response on Quadra and the Outer Islands, so only 69 were identified. These are both low numbers. At one point during our interview Emma Wallace, who oversaw this project, suggested the actual number for Cortes might be 10% higher. So I guesstimate about 175 people in a population of about 1,100 are in unstable housing situations. (I do not believe there is enough data to make a serious guesstimate in Area C.)  

Wallace is employed by the Rural Development Network, which was commissioned to do this study by the Campbell River & District Coalition to End Homelessness and the Urban Indigenous Housing and Wellness Coalition. In today’s program she gives a demographic sketch of the unsheltered and at risk population.

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Finances, Politics

Election 2020: BC’s economic challenge

“ … The challenge is the economics that is going to come home fairly quickly.  We’ve had too many people off business; off work. The bills are building and we must address that,” said BC Liberal candidate Norm Facey, in the only interview he granted Cortes Currents.

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