Friday, July 31st23.2°C
26622

Rush to balance books could delay Canada's economic recovery: NDP

OTTAWA - The New Democrats say the governing Conservatives' rush to balance the books could delay the economic recovery from the recession.

NDP finance critic Peggy Nash says cuts and austerity measures risk slowing the economy and maintaining higher unemployment, or even increasing it.

She says her party wants to balance the books as quickly as possible, but not at the risk of putting the brakes on the economy.

Nash says the NDP have some inexpensive ideas for next week's budget, including reversing the controversial cuts to Veterans Affairs from the previous budget.

They also want the government to cap ATM and credit card fees, saying consumers shouldn't have to pay two or three dollars to withdraw their own money from bank machines.

The New Democrats are also asking for measures they say will create jobs, such as providing a $1,000 tax credit to small businesses to offset the costs of hiring a new worker, at a cost of about $113 million.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14490.34+107.58
S&P CDNX591.15+2.85
DJIA17741.81-4.17
Nasdaq5144.49+15.71
S&P 5002110.49+1.86
CDN Dollar0.7659-0.0034
Gold1096.90+0.60
Oil48.01-0.90
Lumber250.90-0.90
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.165-0.015
Knighthawk0.010.00
QHR Technologies Inc1.40-0.02
Cantex0.04-0.01
Anavex Life Sciences0.829+0.029
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.80+0.02
Colorado Resources0.065+0.005
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.10-0.04
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
225696813409 Parkside Crescent
4 bedrooms 4 baths
$880,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26509

26509


Member of BC Press Council


26465