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Old April 23rd, 2019, 06:55 AM   #841
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I wish seniors got a better deal; with skyhigh rental nowadays, CPP doesn't go far.
Good news about being a creditor nation!
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Old April 23rd, 2019, 09:02 PM   #842
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How much does CPP pay?
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Old April 23rd, 2019, 09:37 PM   #843
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I believe the maximum monthly pre-tax amount is something like $1300-$1400 if you have worked long enough in Canada to qualify. Even if no tax was due, that would not go far with monthly rents being what they are. Doesn't leave a lot for food and clothing. Typically our government has different priorities to handing out money than to reward people who have worked all their lives here, paid taxes and contributions to the plan.
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Old April 24th, 2019, 05:27 AM   #844
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$1300-$1400 condemns one to a life of poverty. That's not how people should be spending the last portion of their life.
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Old April 24th, 2019, 09:09 AM   #845
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And yet many people living just on old age and CPP will still be making "too much" money to be under the ridiculously low threshold set by the Ford government for free dental care.

Canada has plenty of money to send to countries all around the world for international aid, yet somehow they just don't want to provide a decent living for retired Canadians.
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Old April 24th, 2019, 10:59 PM   #846
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Surely we can do both.
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Old April 25th, 2019, 02:00 AM   #847
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Quote:
Originally Posted by Taller, Better View Post
I believe the maximum monthly pre-tax amount is something like $1300-$1400 if you have worked long enough in Canada to qualify. Even if no tax was due, that would not go far with monthly rents being what they are. Doesn't leave a lot for food and clothing. Typically our government has different priorities to handing out money than to reward people who have worked all their lives here, paid taxes and contributions to the plan.
People are getting based on what they contributed. If we want higher pensions, then we will have to pay higher premiums and not many will be happy seeing more deductions on their paycheques after taxes, EI, etc.

Also, people who are contributing to CPP now are contributing lot more than their peers a few decades ago but probably wouldn't get more when they retire. Those who are getting pension now are in a better position than future generations.
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Old April 25th, 2019, 08:28 AM   #848
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The government is fully capable of contributing more in order to give an easier time to senior citizens; pensions can be whatever they choose them to be.
Politicians are certainly incredibly generous in funding their own cushy retirement plans but are less generous with people who work all their lives and contribute
taxes. Get elected a couple of times and you are set for life with pensions.


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Originally Posted by isaidso View Post
Surely we can do both.
In theory, yes. But in practice that is not going to happen. I think they should focus on looking after their own backyard first, like other progressive countries do,
and then send money to other countries secondly. The bulk of these people have been working and paying taxes into the system most of their lives, but seniors are an accepting lot and I believe our government takes advantage of that.
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Old April 26th, 2019, 05:44 AM   #849
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They're also a small demographic. Things will only change once the bulk of boomers are retired.
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Old May 10th, 2019, 06:54 PM   #850
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Quote:
Canada surprises with biggest one-month jobs gain since 1976



Employment rose by 106,500 in April, Statistics Canada said Friday in Ottawa, the biggest one-month increase in data going back to 1976. The country’s jobless rate dropped to 5.7 per cent, and is hovering near four-decade lows.

The report reaffirms just how much the labor market has been the main driver of Canada’s expansion, and adds to a recent run of other data showing clear signs Canada is on the path back to growth after the economy stalled for much of the past six months. Canada’s economy has added 426,400 jobs over the past 12 months, the largest one-year increase since 2007, and 700,000 jobs over the past two years.

https://www.bnnbloomberg.ca/canada-s...1976-1.1256985
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Old May 10th, 2019, 08:45 PM   #851
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Good news!
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Old May 10th, 2019, 10:11 PM   #852
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The unemployment rate in Quebec fell to below 5% for the first time ever. It now sits at 4.9%. Canada seems to have finally reached the point where jobs in new industries are off setting losses in traditional manufacturing. I suspect our cyclical worries about high unemployment may turn into long term labour shortage. The elimination of jobs through automation may be the saviour of many other industries desperately trying to fill vacancies. Governments should be doing more to encourage re-training; especially in fields like retail.


Unemployment rate by province

— Newfoundland & Labrador 11.7 (11.5)
— Prince Edward Island 8.6 (8.9)
— Nova Scotia 6.9 (6.2)
— New Brunswick 8.0 (7.9)
— Quebec 4.9 (5.2)
— Ontario 6.0 (5.9)
— Manitoba 5.2 (5.0)
— Saskatchewan 5.4 (4.9)
— Alberta 6.7 (6.9)
— British Columbia 4.6 (4.7)
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Old May 11th, 2019, 03:36 AM   #853
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Unemployment rate by city

— St. John's 7.9 per cent (7.8)
— Halifax 5.1 (4.9)
— Moncton 5.9 (5.8)
— Saint John 5.9 (5.6)
— Saguenay 4.7 (4.8)
— Quebec 3.3 (3.6)
— Sherbrooke 3.4 (3.8)
— Trois-Rivieres 5.5 (5.4)
— Montreal 5.4 (5.7)
— Gatineau 5.6 (5.5)

— Ottawa 5.5 (4.9)
— Kingston, Ont. 4.6 (4.8)
— Peterborough 6.0 (6.7)
— Oshawa 4.8 (5.0)
— Toronto 6.6 (6.6)
— Hamilton 3.9 (3.5)
— St. Catharines-Niagara 6.5 (6.6)
— Kitchener-Cambridge-Waterloo 4.9 (4.7)
— Brantford 5.0 (4.7)
— Guelph 4.0 (2.2)
— London 4.8 (5.0)
— Windsor 5.6 (5.5)
— Barrie 7.0 (6.3)
— Sudbury 5.4 (5.9)
— Thunder Bay 6.0 (6.3)

— Winnipeg 5.2 (5.4)
— Regina 4.5 (4.6)
— Saskatoon 6.1 (6.1)
— Calgary 7.6 (7.7)
— Edmonton 6.9 (7.1)
— Kelowna 4.4 (3.9)
— Abbotsford-Mission 5.5 (5.4)
— Vancouver 4.4 (4.8)
— Victoria 3.1 (3.0)
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World's 1st Baseball Game: June 4th, 1838, Beachville, Ontario, Canada
North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869)

I started my first photo thread documenting a recent trip to Halifax, Nova Scotia. Have a peek: https://www.skyscrapercity.com/showthread.php?t=724898

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Old May 16th, 2019, 10:22 PM   #854
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Even Alberta's numbers don't look bad, although I don't think the quality of many of those jobs is the same as from before the oil price shock.
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Old May 17th, 2019, 04:36 AM   #855
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Agree. 6.7% unemployment might be high for Alberta but it's not as high as one would expect. I might add that Edmonton and Calgary have the highest unemployment rates in Alberta.

Medicine Hat: 6.1%
Lethbridge: 5.7%
Red Deer: 5.4%
Wood Buffalo: 5.2%
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Old August 11th, 2019, 03:17 AM   #856
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Quebec's economy has emerged as possibly the strongest regional economy in the country and things keep getting better.


Quebec GDP growth (nominal)

2017: 5.0%
2018: 4.5%
2019: 3.8% (estimate)
2020: 3.4% (forecast)


Quote:
Why Quebec's economy is enjoying its 'best boom' ever — despite the fall of Bombardier and SNC




Statistics Canada’s monthly Labour Force Survey has become a showcase for Quebec’s minor economic miracle. The province’s unemployment rate in July, and for the third time in four months, was 4.9 per cent, the lowest in a database that dates to 1976. The Canadian rate was 5.7 per cent. Quebec had never beaten the national average until September 2016, and hasn’t been above it since.

Neither the governing party nor the opposition has any interest in separating from Canada, an attitude shift that has allowed Quebec companies to operate free of political risk for the first time in decades. The province is also benefiting from getting its finances under control, and a world-class tech scene built around four universities. A decade ago, the very public shrinking of Bombardier Inc. and SNC-Lavalin Group Inc. would have caused considerable fear and loathing. Bombardier and SNC-Lavalin are being replaced in the public’s consciousness by digital economy outfits such as Stingray, Lightspeed POS Inc. and Stradigi AI, all of which talk about becoming world leaders, but without the sort of heavy government support received by older champions of Quebec Inc.

https://business.financialpost.com/n...ardier-and-snc
http://www.rbc.com/economics/economi...ecasts/que.pdf
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North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869)

I started my first photo thread documenting a recent trip to Halifax, Nova Scotia. Have a peek: https://www.skyscrapercity.com/showthread.php?t=724898

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Last edited by isaidso; August 11th, 2019 at 03:28 AM.
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Old October 12th, 2019, 12:13 AM   #857
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Looks like Canada is finally seeing significant wage gains. Perhaps it's tech starting to make an impact in the numbers.

Quote:
Canada’s job market on track for one of its best years on record




The economy added 53,700 jobs last month, Statistics Canada said Friday in Ottawa, following a gain of 81,100 in August. Canada has now added 358,100 since December, the most in the first nine months of a year since 2002. The rise in employment dropped the unemployment rate to 5.5 per cent, from 5.7 per cent in August, near the lowest in the past four decades.

The strong print will only reaffirm Bank of Canada expectations that the economy has developed a certain amount of resilience to trade headwinds and global economic uncertainties, giving it ammunition to buck the global trend of lower interest rates. On the plus side, not only is employment growing, but so are wages. Hourly pay was up 4.3 per cent in September from a year earlier, accelerating from a 3.7 per cent pace in August. The last few months have seen the strongest year-over-year increases in a decade

https://business.financialpost.com/n...s-in-september
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North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869)

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Old October 12th, 2019, 12:24 AM   #858
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Key points in the September Job Numbers


- On a year-over-year basis, employment grew by 456,000, or 2.4%.
- Employment increased in Ontario and Nova Scotia, while it held steady in the other provinces.
- Adjusted to US concepts, the unemployment rate in Canada was 4.4% in September, compared with 3.5% in the United States.
- Adjusted to US concepts, the employment rate in Canada was 62.7% compared with 61.0% in the United States.


Provincial Unemployment Rate (previous year in brackets)

British Columbia 4.8% (5.0%)
Quebec 4.8% (4.7%)
Manitoba 5.0% (5.6%)
Ontario 5.3% (5.6%)
Saskatchewan 5.3% (5.1%)
CANADA 5.5% (5.7%)
Alberta 6.6% (7.2%)
Nova Scotia 7.2% (7.9%)
New Brunswick 8.3% (8.6%)
Prince Edward Island 8.8% (8.9%)
Newfoundland 11.5% (13.1%)


https://www150.statcan.gc.ca/n1/dail.../t003a-eng.htm
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World's 1st Baseball Game: June 4th, 1838, Beachville, Ontario, Canada
North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869)

I started my first photo thread documenting a recent trip to Halifax, Nova Scotia. Have a peek: https://www.skyscrapercity.com/showthread.php?t=724898

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Last edited by isaidso; October 12th, 2019 at 01:05 AM.
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Old October 13th, 2019, 11:21 PM   #859
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Really well researched video:



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