In addition to being the most trusted news source in Canada, CBC also has the most extensive list of Canadian news stories. Below are some of the stories in alphabetical order.
*Canada’s ‘fiscal cliff’: The latest data from the Conference Board of Canada shows that Canadians have seen their personal savings decrease by more than $5,000 in the last year. In fact, we’ve seen our taxes go up by about $1,600 due to the increase in the value of the Canadian dollar. That’s $6,800 in lost tax revenue…
While this is not directly linked to the economy of Canada, it does show that the Canadian dollar has lost a good deal of its value in recent years. In fact, the Canadian dollar is currently trading at a loss of 3.6% versus the US dollar. Thats 2.9% a year, and its the most the Canadian government has ever lost.
Just to keep it simple, the Canadian government is the one that’s losing money in the United States, not the other way around. While we don’t take Canada’s monetary policy very seriously (at least, we don’t when the US is involved), it’s still not a good thing. If the Canadian govt. actually did manage to get the US economy going again we could see more direct tax revenue flowing into the Canadian treasury than ever before.
Thats a fact, the Canadian government is losing money across the board. In fact, the federal government is actually losing money because it has not allocated enough money to pay for all of the programs that it has in the US. The largest single funding source in Canada is Health Canada, which collects $27 Billion per year. In the US, on the other hand, it takes $35 Billion year to fund programs. In effect, it is spending more money than it collects in revenue.
This is what happens when our government is run by a set of greedy, self-serving bureaucrats who do not care about the people of this country. This means that any investment into our health care system will not be met with a positive return. Health care is very expensive, but only because it is so complicated that the government has to spend a lot of money to make it work. Instead of spending money on the government’s own programs, it should invest it in the private market.
That is the same story as with so many other federal policies, and you can see why the bureaucrats have no idea about what they are doing. They just want money for their programs and that is what happens. The people in this country get to choose which programs they want to invest in, but they do not get to choose on which programs will receive the funds.
Federal programs are a good start, but the sad truth is that much of our money is spent on things like interest on our mortgage loans and military contracts. The federal government is doing a much better job than the private market.
A government program is a good start, but the sad truth is that much of our money is spent on things like interest on our mortgage loans and military contracts. The federal government is doing a much better job than the private market.
Of course there are programs that were started by private companies, such as the Social Security Administration, the Veterans Administration, and the National Institutes of Health, but the government is doing more than just providing assistance or funding. Our federal government is also responsible for the tax code and the regulations that govern how we finance our lives. The U.S. Treasury is a good source of funds to help with our taxes, but the government can’t do that.