Take Stock – June 30

A new report argues that Canada’s social safety net, particularly the employment insurance system, is failing Canadians when they need it most.

Canada’s income safety net less than advertised: report

A new report argues that Canada’s social safety net, particularly the employment insurance system, is failing Canadians when they need it most. A study by Dalhousie University economist Lars Osberg finds that Canada ranks near the bottom of industrialized countries in income support available to the unemployed.

Canada fares better when all social safety net measures are included, although it still falls in the bottom quarter of about 22 countries studied.

The report written for the Canadian Centre for Policy Alternatives is to be released Tuesday. The study shows that EI provided only 12 per cent in replacement gross income for workers who had lost their jobs in 1995, the latest year where data was available for all countries. That ranks it near the bottom of 29 countries in the Organization for Economic Co-operation and Development, ahead of only the Czech Republic, the Slovak Republic, Poland, Turkey, South Korea and Japan.

Western Forest Products CO leaving ‘immediately’

Western Forest Products Inc. (TSX:WEF) said its senior vice-president and chief operating officer, Duncan Kerr, is leaving the company, effective immediately. Kerr joined the company in August 2005. No reason was given for his departure.

“I would like to thank Duncan for his efforts while at Western and wish him every success in the future,” stated the company’s new president and CEO, Stephen Frasher.

Frasher, a veteran of the transportation industry, was appointed president and CEO last week. He replaced interim CEO Dominic Gammiero, who will continue as chairman.

Western describes itself as the largest coastal British Columbia woodland operator and lumber producer.

Just Posted

City of Red Deer gets ball rolling on annexing more land

”It’s important we look ahead,” says Mayor Veer

Walmart melding online and in-store shopping

South Red Deer Walmart recently underwent six months of renovations

Updated: Nature trail unveiled at RDC

Trail unveiling and tree planting honours Nova Chemicals $2 million donation

Video: Windows smashed at three Red Deer businesses

Red Deer RCMP arrest man after vandalism spree

Automated cars could kill wide range of jobs, federal documents say

OTTAWA — More than one million jobs could be lost to the… Continue reading

McGill research finds significant driving impairment 5 hours after cannabis use

MONTREAL — Driving under the influence of cannabis remains dangerous even five… Continue reading

Family: Remembering the important things

It seems so much of life is work and routine and then… Continue reading

Canada gets into Women’s World Cup with 7-0 win over Panama

FRISCO, Texas — Christine Sinclair isn’t concerned about chasing records. She’s set… Continue reading

Baldwin urges ‘overthrow’ of Trump government via voting

MANCHESTER, N.H. — Actor Alec Baldwin followed up his latest parody portrayal… Continue reading

Prince Harry and Meghan expecting their 1st child in spring

CANBERRA, Australia — Prince Harry and his wife, the Duchess of Sussex,… Continue reading

Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, buckling… Continue reading

Doctors to debate medical pot as more patients expected to ask for prescriptions

VANCOUVER — Doctors with opposing views on whether medical marijuana should be… Continue reading

Most Read