Amid worldwide credit market turmoil, the federal government has postponed sales of one of the country’s favourite investments, Canada Savings Bonds.
A terse message posted on a government website says the 2008 bond campaign, scheduled to start Monday, has been put on hold. And a Department of Finance spokesperson confirmed the postponement.
“There are no bonds on sale at this time,” it says.
“The new sales date, interest rates and bond series will be announced shortly. Rates for outstanding issues of bonds will be announced at the same time.”
‘This is unprecedented as far as I know.’—Evelyn Jacks, Winnipeg-based tax expert
Federal officials would give no reason Tuesday for the delay, which presumably relates to the difficulty of setting interest rates under current conditions.
The bonds, a Canadian tradition since 1946, are backed by the government and promoted as a foolproof way for small investors to save. They are put on sale each fall.
David Gamble, public affairs director of the Department of Finance, which is responsible for CSBs, confirmed that the 2008 campaign has been delayed but would not say why.
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Posted in Canada, GTA Issues, News, Ontario, Toronto
Tagged 2008, bonds, canada saving bonds, credit crunch, department of finance, federal, meltdown, turmoil
Response letter to CTV New cast Sept 11th, 2008 Re: “Fringe parties excluded”
Dr. David Suzuki spoke on Canada AM Thrusday morning September 11th, to promote his new book on the enviroment. He was asked about the Green party leader, Elizabeth May, and her participating in the leader’s debate. To paraphrase Mr. Suzuki he stated that GREEN values should be integral in all political parties, and because it is not, we need the Green Party. With the Green Party included in the debates the environment will definitely be an issue during the leaders’s debate.
The First Peoples National Party (FPNP), Canada’s newest offical and federal party is also excluded from the debate. The FPNP ran 5 candidates in the last election with more votes collectly then most of the other small parties. When these small official federal parties are labled “Fringe” parties by the media and excluded from the debate where is the democracy?
Canada’s First Peoples are the only ethnic group governed separately then the rest of the Canadians and under the responsibility of the federal government. Therefore, the First Peoples are Canada’s unifying element. The Bloc Quebecois on the other hand are a non-federalist political party with a goal to separate from Canada. They will be included in this debate.
Canada’s First Peoples are not part of the political system and is the reason why the First Peoples National Party (FPNP) was formed. Any country that excludes its indigenous peoples from its political system is a colonial society.
Inspired and formed by Canada’s First Peoples the FPNP is the only party that can be truly called a National Federal Party yet we are left out of this national debate. The First Peoples values of inclusion is the reason why Canada exists today. It is this value of inclusion that guides the FPNP and our policies.
Just as Mr. Suzuki suggested of the Green Party, the FPNP has the MORAL RIGHT to be included in the national leader’s debate. Only then would the centuries old injustices be addressed and healing for all Canadians can begin.
The First Peoples National Party is putting people first, giving voice to all people. No other federal party can say that. Until those voices are heard by all Canadians we don’t live in a democracy.
Eastern Director FPNP
Offical FPNP Candidate, Sudbury, Ontario
1-705-561-8004, toll free: 1-877-248-4133
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Posted in Canada, election, News, Ontario, politics, Quebec, racism
Tagged Bloc Quebecois, canada, canada am, colonial, ctv, ctv news, democracy, Democratic, dictators, election, Elizabeth May, excluded, exclusions, federal, first peoples, FPNP, fpnpoc.ca, fringe, fringe parties, Green party, Green Shift, inclusion, indigenous, indigenous peoples, lies, moral, national, not a democracy, party, political system, propaganda, Quebec, sudbury, suzuki, undemocratic, will morin
An interesting post on The Progressive Economics Forum
Censorship in Canada
Once again, there seems to be a heavier hand in editing Statistics Canada’s releases. This morning The Daily reported that:
“Spending on research and development in the higher education sector amounted to $9.6 billion (current dollars) in the fiscal year 2006/2007.”
but there was no word on whether this was an increase or decrease from the previous period, which Statscan releases almost always have.
The year 2006/7 was the first year that the Harper government was in office. Investment in research and development is essential to increase our economy’s productivity, which hasn’t increased since the start of 2006 (and has grown at a dismal rate since 2000).
Canada has some of the most generous tax incentives for private R&D in the world, yet Canada has one of the lowest rates of investment in R&D among OECD countries thanks to both low rates of government and business investment in R&D, accoridng to Industry Canada’s Science and Technology Data tables. Canada’s investment in higher education R&D had recently been relatively good, but it looks like the current federal government may soon rectify that.
The Harper government is laying off federal scientists and forcing departments to slash their R&D budgets . It is deregulating food safety inspection and transferring or selling off federal labs to the private sector, intent on further commercialization and privatization. They eliminated the national science advisor and have instead appointed Preston Manning among others to help advise on science issues. This approach to science recently earned the Harper government scathing criticism in an editorial in Nature, one of the most respected science publications in the world.
Posted in News
Tagged canada, censorship, Conservatives, Corruption, crown coportations, Death, economy, federal, federal conservatives, food safety, green, Harper, Harper government, Industry Canada, inspections, layoffs, Liberal, listeria, listeriosis, national science advisor, nature, NDP, neo-con, OECD, Ontario, PC, Preston Manning, private, privitization, R&D, scientist, selling, Statistics Canada, Stephen Harper, tax, Tories, Tory, walkerton, water inspection
They cannot ignore us anymore! Toronto can have something to say in this election. However, will we even bother to show up at the polls? This remains to be seen!
Quotes from the Mayor….“We need those permanent investments in infrastructure, we need investments in public transit, we need investments in housing, culture, the environment. And that’s about our country, it’s not just about Toronto,” he said. “I think it shouldn’t be a partisan issue. I think every single party should support the future of Canada…”
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Posted in Canada, election, GTA Issues, GTA Politics, Ontario, Toronto
Tagged 1 percent, 1%, David Miller, election, federal, GST, money, Public Transit, Toronto