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These funds, along with cuts in many departments, are going to fund Defence which hit the NATO goal of 2% this year. This is a fundamental shift of our foreign policy away from "helpful fixer" to self-interested trader and defence spender. Read all about it: www.policyalternatives.ca/news-researc...
The actual spend on ODA will fall by $2 bil over the next 3 yrs due to the cuts at global affairs, but also the cuts in asylum and refugee support sat IRCC (which also count) 4/x
PM Lester B Pearson challenged Canada and the world in 1969 to contribute 0.7% of our economy to the development of lower income countries. We never achieved this target, but we were close in the 80s. This latest budget will push us down to 0.17%. Lower than in 1969 when Pearson made the pledge 3/x
The cuts emerging from the fall budget at Global Affairs and Immigration, Refugees and Citizenship will drastically cut Canada's official development assistance over the next 3 yrs. We haven't seen values this low since 1964. 2/x
New research out today showing the collapse of Canada's development assistance as featured in the @ottawacitizen.com this morning 🧵👇👇 @policyalternatives.ca ottawacitizen.com/public-servi...
Hey it's Friday and the Canadian oil industry made $1.5 billion in profits this week.
🧵 Thread...
This is just a single department and this is going to be happening across almost all fed departments, more details to come. There is much more in our full analysis at www.policyalternatives.ca/news-researc...
Finally IRCC has slashed its staff by between 2,000 and 3.000 people starting in early 2025. Those staff had managed to get backlogs under control in 2023 and 2024, most application streams on track. But with so many fewer staff application backlogs are blowing up again. 5/x
In several big cities roughly half of the homeless pop is actually just asylum seekers. The cities pick up the tab and the feds re-imburse them...or they did. The feds are now cancelling that program to "save" money, but its really just cost downloading that onto four cities 4/x
We're going to accept about 5% more new Canadians in the next 3 years because of their skills, but now we're going to slash the integration supports by 30%. The Settlement Program helps them get jobs and use their skills to benefit us all. 3/x
The biggest efficiency "savings" is actually about cutting refugee and asylum seeker health care. People with nothing aren't going pay 1/4 billion a year, instead they'll avoid treatment making the situation worst 2/x www.policyalternatives.ca/news-researc...
Today we're revealing the cuts plans for our immigration system from Budget 2025. TLDR: These aren't efficiency savings they are major services cuts and cost downloads to cities poised to wreck our immigration system. @policyalternatives.ca 1/x
Yes exactly. If the corporate sector is only passing on higher prices along the supply chain, you wouldn't see margins increase ... but you are seeing margins increase which means that costs are being passed along and part of the higher prices is being scooped as profits
Things like tariffs can be very bad for corporate profits, but much higher prices on everything combined with higher margins are what is driving the record high dollar profits in 2025.
One if the big reasons for this is that corporate margins are just much higher than they used to be, hitting on average 10.3% in 2025, just like the inflation/profit hey days of 2021-22. The "ordinary" margins we see now would have been extremes pre-pandemic
Corporate profits hit a new all time high of $676 bil in 2025, besting the previous 2022 record www150.statcan.gc.ca/n1/daily-quo... @policyalternatives.ca
Today we uncovered that just under half of the budget 2025 cuts at Dept immigration, refugees and citizenship are just cuts to dental and prescription coverage for asylum seekers. Read about it in the @ottawacitizen.com or the full @policyalternatives.ca www.policyalternatives.ca/news-researc...
Ahh, I think he's doing it to fund defence which is seeing its budget double while everyone else's is being cut.
Great article in the @theglobeandmail.com this morning that I'm quoted in. It's looking at the self-inflicted job losses in Ottawa www.theglobeandmail.com/business/art... @policyalternatives.ca @jasonkirby.bsky.social
Today I'm appearing before the Senate committee on finance about the upper income tax cut that the middle class happens to see a small benefit from. Here is my full analysis www.policyalternatives.ca/news-researc... @policyalternatives.ca
We just put up the application for this summer's progressive economics fellowship. Its a paid 4 month term to work with me at @policyalternatives.ca and 100 other progressive policy experts to create this year's Alternative Federal Budget. Apply now: ccpa.bamboohr.com/careers/48
Yeah definitely some of the folks losing their jobs will move to dnd as their budgets for everything explode
My preliminary take on the new stats on federal job job cuts . Which depts and services could be hit hardest? There's plenty more analysis to come @policyalternatives.ca
New research out today from @policyalternatives.ca on the groceries and essential benefit. Read the full details at www.policyalternatives.ca/news-researc...
Interesting to see that HALF of all econo activity in Canada is just gvts providing: health care, education, infrastructure, pensions. The other half is the private sector selling things. Cuts to govts are cuts to GDP growth...shocking ;) @policyalternatives.ca
www150.statcan.gc.ca/n1/daily-quo...
If folks are interested, here's the full write up with a detailed list of over 120 programs that will "sunset" in the coming years putting them at real risk of being lost: www.policyalternatives.ca/news-researc...
Some great coverage on my latest analysis of what programs may be lost due to the 15% fed program cuts in the @ottawacitizen.com : ottawacitizen.com/public-servi... @policyalternatives.ca
Budget are about choices. We don't have to choose these cuts, we can choose to invest in Canadian priorities instead. Today our Alternative Federal Budget includes 100s of costed programs we should be choosing: www.policyalternatives.ca/news-researc... 7/x
