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Harper considering raising OAS age to 67
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CTVNews.ca Staff
Date: Thu. Jan. 26 2012 5:14 PM ET
The Conservative government is considering raising the age Canadians can receive the Old Age Security benefit from 65 to 67, CTV News has learned.
In the keynote address at the World Economic Forum in Davos, Prime Minister Stephen Harper promised major reforms on retirement pensions, environment approvals and immigration policy.
"In the months to come, our government will undertake major transformations to position Canada for growth over the next generation," Harper said in his speech, referring to the upcoming budget.
Harper didn't mention specific reforms in the speech but said Canada needs to find savings in the Old Age Security benefit, as Canada's aging population is growing more expensive and the current model is unsustainable.
"Our demographics also constitute a threat to the social programs and services that Canadians cherish," he said.
The Canada Pension Plan "does not need to be changed," Harper said, because it is fully funded. But as the population ages, OAS costs are expected to rise to $108 billion a year in 2030 from $36 billion in 2010. That's because the number of Canadians over 65 will rise to 9.3 million in 2030 from 4.7 million in 2010.
Speaking to reporters in Ottawa Thursday, NDP MP Peter Julian said raising the retirement age is "completely unacceptable."
"The reality is, Canadians want to see retirement security put in place," Julian said, noting that "thousands" of seniors live in poverty. "For Mr. Harper to say: ‘Well, work two more years and then you can retire,' is not appropriate."
The NDP is proposing instead an increase in CPP contributions and further investment from the government in the plan.
Julian also criticized Harper for discussing pension plan reforms "with billionaires" in Davos "before holding that discussion here in Canada."
Back in Davos, Harper also said Canada's economic needs must drive reform when it comes to immigration.
"We will ensure that, while we respect our humanitarian obligations and family-reunification objectives, we make our economic and labour force needs the central goal of our immigration efforts in the future," he said.
The prime minister also said it was a national priority to "ensure we have the capacity to export our energy products" and said upcoming changes to the regulatory review process will look to avoid "delay merely for the sake of delay."
Harper's speech was a sales pitch to the political and financial leaders, touting Canada as a safe place to invest in the midst of global economic uncertainty.
He vowed to push ahead with plans to streamline environmental approvals for major energy projects and to develop ways to export energy to Asia.
Harper also suggested Western countries have taken their wealth for granted and imperiled the global economy by ringing up too much debt.
"I ask whether the creation of economic growth, and therefore jobs, really is the number one policy priority for everyone," he said.
"Or is it the case that in the developed world, too many of us have, in fact, become complacent about our prosperity, taking our wealth as a given, assuming it is somehow the natural order of things?"
Trade deal with Europe
Earlier on Thursday, British Prime Minister David Cameron touted the value of a free trade deal between the European Union and Canada.
A potential free-trade deal with the EU has been under discussion for some time, but Cameron urged leaders to focus on concluding the details quickly.
Cameron referred to his agenda as "unashamedly pro-business"
Harper will also be meeting personally with Cameron, a fellow Conservative.
Canada's debt load is much lower than most developed countries. However, Harper has still made the elimination of the deficit a medium-term priority.
The upcoming federal budget is expected to detail extensive cuts in government spending.
The main focus for many delegates at the forum has been the ongoing economic turmoil and looming debt crisis in Europe.
On Wednesday during her opening address, German Chancellor Angela Merkel disappointed many by saying that increasing the size of a bailout fund for the eurozone was not an option.
Members of the European Union are trying to find ways to stimulate economic growth and job creation without running up the national debt.
With files from The Canadian Press
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I feel that if certain organs were in demand, less effort would be made to revive people. Am I being silly? Not really. I had a bad experience in hospital when my heart stopped, the doctors tried to revive me and failed. They stopped and said I was gone. I came around on my own when the nurse was giving a final BP reading of 'zero'. I heard her declare me dead! It was all I could do to shake my head but they never caught on til I was able to open my eyes. You should have seen them scramble then! I thought the nurse was going to faint. The thing is, I think we may write people off too soon when there is something of value to be gained from them.
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Jim Blair
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Katie
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harlo macdonald
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Ottawa Jack
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Ron.J
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stevo
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Gord.,Nova Scotia
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kelee877
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WIseman
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Brad Northwestern Ontario
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Joe Canadian
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If Joe Canadian was to vote for someone that may reek of public responsibility, alas the smart candidate may not possess enough flash or glittery platform promises to lead us to the proverbial, unattainable dress in the window. If you vote for the party, your vote will be divisive. If you become educated, informed it is a vote for common sense. This is actually a quality that's kept Canada in high regard globally for decades.
Wiseman
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John Campbell
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PMinVIC
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Janie Dunning
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Claude
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Anne
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DC in AB
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Jack Chit: You need to get a lot farther away than
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May I suggest MARS, or the bottom of the sea.
You have to be one dumb lug nut if you think you can float that stupid-assed idea over us from Germany.
And hey, priorities man, priorities. Stop wasting billions on those grandstanding ops like the G8, and G12, and you'd have the money you need to pay our pensions. There are thousand of similar money wasting things going on in your government. Dammit, when we elected you, you said you'd stop those, and yet, they keep happening.
What we elect you for fool? Do your real job, and stop the grandstanding!
P McGuire
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Jack Chit: You don;t get jack for 6 years work!
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In our pension plans you don't get Jack Chit for 6 years of pension eligibility.
Steve, if you want a place to start pension reform, start in your own building.
Start by giving MP's:
1. Defined Contribution Plans,
2. Pensions after 67 years only,
3. Taxpayers pay equal amount to what MP's put in, like our Defined Contribution Plans,
4. And if you get unelected after 4 or 5 years, you get your money back, and precious little else!
When the sobbing, and under-the-table bickering settles down to a mere guerilla war, then talk to us about our pensions.
Oh, and the Canada Pension Plan is now below half the poverty line. That means that even if you doubled it, we'd still need the food banks to survive.
You need to double the CPP pension today!
I'd keep in mind that in less than 5 years, the largest block of voters will be just over 65 years old. Also keep in mind that about that time, you will be required to call an election. You might want to start writing your losers speech now cuz we already know how we are going to fill out our ballots then.
So, as Oscar Leroy on Corner Gas would say - Bye Jack-Ass!
noodle
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Mark
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Dallas
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just old
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Rebecca
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Work o holic
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Ryan, Guelph
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Hilton Shand
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tom in Toronto
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realist
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Jamie D
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JEAN-CLAUDE
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Doug On
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Tom in Vancouver
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GVR
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Chris, Alberta
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larry in winnipeg
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Ann H
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WesternInvestor
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David
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Sandra Johnston
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Sharon
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And new comers to this Country get all kinds of monetary bennefits right away.... Everything about this Government is so unfair....
Brandon
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Ottawa Jack
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WesternInvestor
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DL in Kingston
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limits of life
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Nicole
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dante
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Doug
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Mike
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Greg
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Brett in Montreal
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cHARLES
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canadian kim
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KJ in Kingston Ontario
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TB
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MN from MB
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Guy G
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Margaret E
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John - Montreal
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John Thompson
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KC BC
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jim in ontario
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Libertarian
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bob
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Jim in Ontario
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Canadian Bob
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Jill
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Old Ted
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Cal in Ottawa
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Laurie
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Cyril
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Barry Wynn
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Davos Your Clock is Ticking!
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John Ontario
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kman
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GCB Oromocto
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Jim - North Saanich, BC
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That said, I can understand the outrage of many. You have been lead to believe that by paying in to CPP you would be entitled to full benefits at age 65 and in fact our very benevolent Liberal Government in the Trudeau years said age 60 so long as you had stopped working and were prepared to take a lesser amount.
I think the Prime Minister and his government could show real leadership if it started by abolishing the ludicrous pension plan our MP's enjoy and deal with the reality the rest of the country faces. I suggest that each and everyone visit the website of the Canadian Taxpayers Federation and join their movement to rescind MP's pensions. Perhaps were MPs on exactly the same footing as the rest of Canadians, their viewpoints might change rather quickly. What I don't pay today in to CPP at least goes in to savings for the day I do have to get out of the harness and that might be leg up on what I have paid in to and do not take.
Gary in Yorkton
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What were you thinking!!!!!!
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Jimbo
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Please no more BS
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Glenn C
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Linda Solomon
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Mike -- Winnipeg
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S in Vancouver
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DND
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Island Man
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Robert B
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Left Coast
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Bill
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Ron, St. John's
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peter in BC
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Darren L in Sudbury
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Mark in Wpg
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No CPP at the present rate
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Zhimmy
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Rick in Hat
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Andrew in Vancouver
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John C
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Doug ^^^ BC
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Mary-Ann
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Marc - Toronto
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Hilton Shand
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Hong Kong Freedom 67!
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Guelph Observer
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IMF Christine LaGarde Disco in Davos!
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Derek
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I was a broadcast journalist for 25 years and a civil servant and a soldier and a real estate agent..and have retired, for now.
I cannot see the use of your "comments". It is as polls, exacerbating the boil! It is not assisting in draining the pus.
I used to teach journalism at Algonquin in the 70s. I am ashamed to admit I was a "free information-democracy" type.
Mostly you anons are idiots.
Steve in Calgary
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simone
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Senior Ed
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mel burrt from calgary
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Sober
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saab
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RWR
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Ken From Alberta
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Kathy
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It don't matter
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jay
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A Koster
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robert allen
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Robert, Ottawa
LH
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don
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Roger
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bcken
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Ray
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devils advocate
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H
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Shameful !!!!!!
JAG
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All ears
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Allen B
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Captain Jakk
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Feudal Slavery For
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robin hood
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Dixie from Alberta
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Alicia
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Paul
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D. Vancouver
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mon_moe
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Denise in Alberta
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Alberta Troy
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Joanie
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Mr John.
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To all John Doe public who voted for him and his gang.....You will pay for giving the majority and dumping on the Liberals for the faults of a few.
Fred in Orillia
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Joan in Real World
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Diane
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And yet, instead of simply expanding it, increasing both contributions and benefits as many have recommended, Harper wants to introduce a new pension scheme more to his ideological liking.
Harper and his group don't like CPP because it's a public plan and requires everybody to contribute.
They prefer that people have "choice". I think most people would likely prefer the "choice" of a secure plan like CPP to one that probably would not have gone through the financial crisis as well as it did, and would likely cost more.
Jale
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Steve in Manotick
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TheOtherLowellInBC
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mike beard
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Newman
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Canadian Bob
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Newman
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Bumcrack USA
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BlueNoser
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stephen
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H
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Prof. Pye Chartt
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Let's be Clear
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Complete and utter BS.
Conservate ideology constitutes the only threat to the social programs and services that Canadians cherish.
Good luck getting re-elected once you try to screw old people out of their money. WTF is happening to our country...
Dantheman
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dante
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Dave in Edm
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Eastern Alienation
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Wildwoman 39
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Prof. Pye Chartt
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Niagara George
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Cest Laguerre
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adam
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Harper said the country's demographics - an aging populating and a dwindling workforce.
Dwindling workforce. Last time I checked there were a lot of people looking for work. Its not the workforce that's dwindling. Its lack of work.
You use to see kids working at fast food restaurants for extra money or to pay for school. these days these jobs are being filled by middle aged people desperate for work. The future generation is not getting any job training. all the companies are downsizing because the government listens to corporations that demand relaxed trade rules and then when that happens they import cheap products from countries where they get away paying workers 1/10th the salaries or to countries that artificially de-evaulate their currency.
Whats next. Harper will bring in private health care which will charge 10 times for the same procedures further inflating health care costs, taking money away from the middle class making the economic situation worse for the whole while making the few extremely rich.
Globalization at its present form is engineered to degenerate society into a ruling and slave class. the middle class already feels like slaves.
joe blow
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There have been a list of crown corperations that have been privatized already.
The result has been deteriorating service, increase government costs (since the government is still liable for it).
Any profit made does not go back to the government and the tax payers.
The rates for useing the new privatized organizations has increased substantially.
Privatization is a HORRIBLE solution.
Do your research, look deep. Bring up the legislation and talk to the people that deal with it on a day to day basis.
Lorne- MTL
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Joe M
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superluminal2
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xcon
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Prof Bar Graph
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sumpin up
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Joan in Real World
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Scott
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The Central Scxrutinizer
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Prof. Pye Chartt
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Donaldbain
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Doug ^^^ BC
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Hilton Shand
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Johnston
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Steve T
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Danny Dinosaur
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Bumcrack USA
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Fred in Orilia
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Pip
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aj from montreal
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Funny that's in the header of this news. Harper can "chide" over wealthy nations regarding to the lack of job creation be isn't it funny that his country called Canada is having problems on maintaining job growth and decreasing unemployment rates. Latest statistics show there are more job losses on the month of Dec'11 that gains. Maybe that should make our PM's pee-brain up!
Hayden71
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Are they kidding?
Free trade with the U.S. resulted in numerous jobs lost...what will happen once we join the sinking ship of the E.U.?
What happens to us once they go bankrupt?
glenn
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You ahve to start in the PM's office, senate and parliment.
dont' take a golden hanshake is screw the rest of canda
Jim in Ontario
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George V.
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Intelligent Liberal
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Jim in Ottawa
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Just Saying - Ottawa
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Kootenay Opinion
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Canadian Bob
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Jim - North Saanich, BC
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Take that EU Free Trade Deal and SHOVE IT!!!
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When we signed the Free Trade deal with the USA, they bought, and gutted our businesses, sending our jobs to the USA, and eventually to some poor country, like China, India, or Costs Rica.
So in effect what we got for free was unemployment, and they got our money, and jobs.
How does that benefit us?? Say again?????
So as far as I see it, we got screwed-over for free, that's what we got!
Not happenin again, not as long as I can fight it. They can take this free trade deal with the EU, and shove it!!!
Susie-Q Mtl.
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Prof. Pye Chartt
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Jim-Surrey
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NO NO
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Tim
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The fur trade has gone for a dive because of the EU. Oh and what about oil. Do you need our oil too. But I thought it was to "dirty" for you. Are you having problems with Iran. Thats too bad. Stop playing big brother. You only want to be friends with Canada because you know you screwed up by bashing our economy. Too late- you played like a bully and now that you have no friends you want to play nice. Its time to teach the EU that they are not all mighty and powerful.
joseph
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DJ
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Rob
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Obvious Statement
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Pete
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Franck Commonsens
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Nickel
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gary
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get together and eat $300.00 plates of food while they discuss
world hunger or talk about homeless at the worlds most expensive resorts,they may be a little disconnected.I also think the real behind the door talks are more about how they will convince people to spend at the same time make it look like they want them to save.And one more thing PLEASE tell me that if we make a deal with china CSA will watch over everything they make in canada.
Chris/Manitoba
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mahanna ali
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ken
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Remarkable
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Goldens
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Ernie Hushard
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Mark
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Lorraine
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I'm having a hard time "trusting" ALL this N.W.O. mentality.
Penny
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Anthony
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Penny
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Penny
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EAP
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The manufacturing sector is shrinking, and economic data is skewed both here, in the US, and globally.
Yes, Canada enter the 2008 recession better positioned than other countries. This was the time to take advantage of others declines and stimulate our own economy through our stability.
Investment in R&D and innovation? Heavy investment in infrastructure??
Harper did nothing, but he conned the general public into thinking he did something and got a majority for it??
Maybe we should all move out west and work in the oilsands if you want a job??
Penny
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Joe Szentirmay
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George Murphy
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Bill
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Grant
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Stewie
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Canadian Bob
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Will
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Joe M
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Parker Brown
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privatize everything
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Jakob
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George
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aj from montreal
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What is it that makes this deal exclusive to a country like Canada? Is the economic situation in the States and Mexico that bad for them not to include?
Henry
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Mark in Newmarket
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Barry Wynn
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Ottawa Jack
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A Koster
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Something stinks
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reidjr
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It won't nearly be as bad as the states.
Jay in MTL
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Sue
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vwc
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Ottawa Jack
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Bob T
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Noah Vale
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