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

Cruel and sadistic: Central Alberta dog rescuers believe there are dog fighting rings in province

With the increased number of stolen dogs, some central Alberta rescuers are… Continue reading

Red Deer hospital expansion recognized in throne speech

Society for Hospital Expansion in Central Alberta calls for more details

UPDATED: “I want to be your premier again”: Rachel Notley

Premier Rachel Notley makes announcement on Tuesday morning

Mixed Nuts revue presented Saturday to kick off first Carole Forhan Theatrical Scholarship

Broadway songs, comedy skits are part of the Red Deer Players production

Documentary on Colten Boushie case to open Toronto’s Hot Docs festival

TORONTO — A film examining the case of a young Indigenous man… Continue reading

Want to help bees? Plant flowering herbs

Herbs are among the most useful plants in nature. They can tantalize… Continue reading

UN: Gene editing for human reproduction is ‘irresponsible’

GENEVA — A panel convened by the World Health Organization said it… Continue reading

Photos: Three moose spotted in Red Deer Tuesday

Three moose were spotted in Red Deer Tuesday morning. Red Deer resident… Continue reading

Andreescu rockets to No. 24 in WTA Tour rankings after Indian Wells title

Canada’s Bianca Andreescu has rocketed to No. 24 in the WTA Tour… Continue reading

Canadian figure skaters looking to reach new heights at world championships

Nam Nguyen, Alaine Chartrand and Kirsten Moore-Towers and Michael Marinaro all have… Continue reading

Man linked to largest art heist in history freed from prison

HARTFORD, Conn. — A reputed Connecticut mobster who federal authorities believe is… Continue reading

Florida Georgia Line, Glorious Sons headline concert series at Canadian Open

HAMILTON — Florida Georgia Line and the Glorious Sons will headline a… Continue reading

Most Read