The Competition Bureau’s new study is just the latest in a string of evidence that corporate profiteering has cost Canadians gravely, writes D.T. Cochrane. Photo from Flickr. A recent study by the Competition Bureau confirms that Canada’s grocery chains have reaped excess profit from food price inflation. The study points
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Canadian Dimension: The 0.01% vs. the rest of us
Protestors in the Occupy movement in Manchester, United Kingdom, 2011. Photo by Plashing Vole/Flickr. While the one percent are obviously much richer than the average person, the disparity is even more stark when we look at the ultra-elite 0.01 percent.[1] A growing share of ultra-elite income is from capital gains.
Continue readingCanadian Dimension: NDP platform the most progressive and fiscally responsible of top three parties
All three parties are promising similar deficits over the next five years, but only the NDP’s plan would reduce the amount of wealth controlled by the rich while adding $106 billion into the economy. Image by Canadian Dimension. The three major national parties—Liberals, Conservatives, and New Democrats—have released the projected
Continue readingCanadian Dimension: Some of Canada’s biggest companies saw record profits during the pandemic
According to research by Canadians for Tax Fairness, dozens of large corporations raked in record profits during the pandemic, with many using public subsidies. Photo from Unsplash. It was clear, early in the pandemic, that the economic fallout would be unequally distributed. Unsurprisingly, in an unequal society, crises have unequal
Continue readingCanadian Dimension: Canada should follow Janet Yellen’s lead on corporate taxes
A recent study showed Canada would gain at least $11 billion by supporting the global minimum corporate tax rate. Photo by Philip Taylor/Flickr. In Janet Yellen’s confirmation speech to United States Senators in January 2021, she said the government must “act big” to deal with the pandemic’s economic fallout. Three
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