The Tories' tally also includes the NDP's failure to index income tax brackets to inflation, which accounts for about a quarter of the $450 million. And it includes fees paid by Manitoba Hydro for water rights and for provincial loan guarantees that help Hydro borrow cash more cheaply. That accounts for about $96 million. It's the 'batteries not included' budget," quipped [Hugh McFadyen]. Premier Gary Doer didn't directly address McFadyen's beef about user fees Wednesday. Instead, as is typical in question period, he slagged the Tories' record on tax cuts under the Filmon administration and touted the NDP's cuts to income taxes and the small business tax rate, which is the lowest in Canada.
... revised annually in accordance with an inflation index. The "size of parties threshold" essential...
The bank continues to expect the Canadian economy to operate at about its production potential, with total CPI (consumer price index) inflation returning to the two per cent target in the second half of 2007," the bank said in a statement. Among the major factors likely to affect the economy, "the main downside risk is that U.S. household demand could slow more rapidly than expected," the bank said. The Toronto stock market fell almost 200 points yesterday as a third day of crude oil price declines sent energy stocks tumbling "The tone was interesting," said TD Bank economist David Tulk. "I think the market expected a little bit more of a dovish tone.
Letter writer Jake Letkemann wonders if the kidnapping of Israeli soldiers is retaliation for earlier Israeli injustice and aggression. Well let's see: Israel leaves Gaza. Every trace of Israeli occupation is removed, including soldiers, citizens, settlements and installations. So how do Palestinians respond to their newly found autonomy? By building schools, road and hospitals? No, it's obvious that Israel leaving Gaza is an act of injustice and aggression. How does one answer such an injustice? How does one meet such aggression? Tellingly, Letkemann refers to Israel's military actions against Hamas and Hezbollah as "attacks on Gaza and Lebanon." Either Letkemann is regrettably imprecise or he is intentionally obfuscating the reality that Palestinians and Lebanese are saddled with fas...
...Then I remembered the consumer price index (CPI). This index lists the price of similar goodss from province to city. Inflation for the country from May 2005 to May 2006 was 2.8 ...
...-over-year growth rate in the consumer price index, CPI) for each month since 1996. Since the end of ...
Unfortunately, exemptions are set so low ($100 to $115) that they serve as a disincentive rather than an incentive to work. After earning the set amount, welfare recipients are effectively taxed at a rate of 75 per cent. This punitive practice means these recipients can never reach the poverty line. Welfare recipients should be allowed to build assets to enable them to transition into the labour force. Many rules and policies surrounding the assistance program create barriers and moving out of poverty and off the system becomes extremely difficult. For example, a mother is encouraged to receive child support payments from the father only to have this amount clawed-back from her basic assistance. Why isn't this money allowed to stay with the child where it belongs? By refusing to index b...
... -- welfare -- have not kept pace with inflation and the value has fallen by as much as 35 per cent...
... subtracting 1 from the ratio that the inflation index for the month bears to the inflation index f...
Stock markets in Toronto and New York racked up triple-digit slides yesterday as TSX resource stocks continued to correct and investors were dismayed that April U.S. inflation data could mean even more interest rate hikes. Toronto's S&P/TSX composite index closed down 188.81 points to 11,640.61 while New York's Dow Jones industrials fell 214.28 points to 11,205.61. On the TSX, declines outpaced advances 1,177 to 411 with 203 unchanged. Toronto market volume was 364.6 million shares worth $7.6 billion Cdn.
..., various consumer price indices showing the index positions for certain periods up to and including ...
The loonie would easily fly above 96 cents US," said the report written by economists Michael Gregory and Benjamin Reitzes. "But while a test of parity is possible, we judge that it's not probable. The BMO economists say May's consumer price index, when it is released in two weeks, will again show inflation at problem levels. And although growth stalled in April, interest-sensitive sectors such as home and auto sales remain strong, suggesting that interest rates are too low to provide a necessary check on Canadians' spending. "The fact is we're coming off an economy that was operating well above capacity and building inflation pressures, the fact that we've had a few weak numbers is not going to stop the bank from what I think is really re-normalizing rates," said Gregory.
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