Monday, September 1st19.7°C
22736
22746

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

23057


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9203+0.0009
Gold1281.70-2.1001
Oil95.96+1.29
Lumber349.60+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



20759

FEATURED Property
1883108128 Watershed Rd, Enderby, Grindrod
10076564 bedrooms
$525,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_








Member of BC Press Council


22810