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Toronto: A Tale of Two Cities

6263959180 26be92d267 bAccording to a recent survey by real estate consultant Knight Frank, there are 1,216 “super-rich” people in Toronto. This is the second highest of any city in North America, behind only New York City.

Scandal Reveals Rottenness of Canadian Banks

TD BANKCanada’s “Big Five” banks are under fire for pushing unrealistic sales targets on their employees. To meet these targets, front-line workers are forced to mislead their customers into purchasing financial products without full knowledge.

Home Capital Group Crisis Provokes Concerns Among Bourgeoisie

Home Capital GroupCanada’s largest non-bank mortgage lender is collapsing. Home Capital Group recently experienced a massive 78 per cent plummet in share prices. This was due to its April 26 press release which stated that, to continue operating, it required an expensive, high interest loan (effectively a 22.5 per cent interest loan) from Healthcare of Ontario Pension Plan.

One hundred years ago: Trotsky leaves Canada for the revolution

LeTrotskyDBOne hundred years ago, Leon Trotsky, the great Russian revolutionary and leader of the October Revolution in 1917, left the Amherst concentration camp in Nova Scotia where he had been detained for almost a month. The story of the time that Trotsky spent in Canada, while not that well known, is a very interesting episode in Trotsky's road to revolutionary Russia, where he would aid the Russian working class in taking power later that year.

Combatting Islamophobia: The Hypocrisy of the Liberal Party

pd103388520.jpg.size.custom.crop.1086x713On Thursday March 23, the parliamentary motion (M-103) on Islamophobia rightfully passed in the House of Commons. Federal Liberal MP Iqra Khaled introduced this private member’s motion “to quell the increasing public climate of hate and fear” and “condemn Islamophobia and all forms of systemic racism and religious discrimination”. The motion has no concrete proposals and is essentially a statement which condemns Islamophobia. The only practical proposal was that a House committee write a report on Islamophobia.

100 Years Since Vimy Ridge: Canada’s ‘founding myth’ Obscures Reality of Imperialist War

Ghosts of Vimy RidgeApril 2017 marks the 100th anniversary of the Battle of Vimy Ridge. Fought as part of the larger British-led Battle of Arras during the First World War, the battle was the first instance in which all four divisions of the Canadian Expeditionary Force (CEF) fought together. The success of the unified Canadian Corps in capturing the ridge from German troops, after failed efforts to do so by British and French forces, has steadily grown in significance in recent decades to attain the status of a founding myth, in which Vimy represented Canada’s birth as a nation.

Austerity for the workers, champagne for the bosses: The Bombardier saga continues

A new page has been turned in the long history of problems at Bombardier. After more than $1 billion was invested in the CSeries program by the Quebec government in 2015, we learned early last week that Bombardier's top five executives, including the company's chairman, Pierre Beaudoin, saw their salaries increase by 50 per cent, reaching the tidy sum of $32 million USD for the 2016 fiscal year.

Lenin’s April Theses

1917 april thesesLenin delivered his famous April Theses at the All-Russia Conference of Soviets of Workers’ and Soldiers’ Deputies on April 4th, 1917. It is not an overestimation to say that this speech was a bombshell for those present. “Has Lenin gone mad? Has Lenin become a Trotskyist?” were some of the sentiments. Prior to Lenin’s arrival in Russia, Kamenev and Stalin were directing the policy of the Bolsheviks towards critical support for the “Provisional Government” and fusion with the Mensheviks who had the same policy.

Fightback Mobilizes for International Women’s Day

Toronto

The fight against the oppression of women has always occupied a significant place in the international socialist movement. In fact, International Working Women’s Day (IWD) was founded by the socialist Second International in 1910 in Copenhagen. This past International Women’s Day marked the 100th anniversary of demonstrations led by striking women textile workers on IWD in Petrograd, which sparked the Russian Revolution of 1917. Fightback chapters and Socialist Fightback student clubs across the country held a series of events and interventions to celebrate the socialist roots of IWD, discuss the lessons of the Russian Revolution and connect the struggle for the emancipation of women with the need to overthrow capitalism.