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As Election Looms, Canada falls into Recession

recessionThe Bank of Canada (BoC) has now acknowledged that the Canadian economy likely contracted by 0.6% from January to March, and by 0.5% from April to June. With this, Canada, for the first time since the 2008-2009 financial collapse, has entered into a recession.

Target store closures part of mass retail layoffs across Canada

Facade of Target store

Tens of thousands of Canadian workers are set to swell the ranks of what Karl Marx called the “reserve army of labour” following a wave of layoffs in the service industry. The elimination of 17,600 jobs at Target stores – one of the largest mass layoffs in recent history – is only the most egregious example in a series of announcements that also included the elimination of 350 positions at Tim Horton’s and up to 1,000 job losses at Future Shop.

2015: The storm clouds are gathering

As they danced away the Old Year and welcomed the New with, as usual, copious quantities of the finest champagne, the bourgeois from New York to London must have felt a satisfying glow of confidence. Seven years after the 2008 calamity, are they not still firmly in command? All this reminds one of the mood of false confidence that must have existed in the ballroom of the Titanic just before someone on deck spotted the dim outline of an iceberg. Hovering over this merry carnival of money-making, those with eyes to see could already detect the gathering storm clouds.

 

Tim Hortons-Burger King merger: What it means to workers

In light of Burger King’s recent acquisition of Tim Hortons, economic and political pundits on both sides of the border have been debating about the motivation of this $12.5-billion takeover.  In reality, there is no debate since it is clear that the deal — accompanied by the relocation of Burger King’s headquarters to Canada — is all about dodging taxes and increasing profits for the bosses while workers get left behind. 

Factory closures in Central Canada: Capitalism is a failed system

Another wave of factory closures across Ontario and Quebec reveal how capitalism is ultimately a failed system.  Despite millions of dollars in tax breaks and subsidies from government, ultimately paid by working-class people through their taxes, companies are pocketing all of this free money and still putting more people out of work, all for the benefit of making greater profit. Capitalism is a dead end; both governments and the leadership of the labour movement need to stop propping it up.

Nationalize the Canadian wireless industry; No support for Verizon or the Big Three

For the past few months, the question of how to reform the mobile phone sector in Canada has come to the fore. Currently, most mobile service in Canada is provided by just three telecommunications giants — Bell, Rogers, and TELUS.  Because of this, Canadians pay some of the highest mobile rates in the entire industrialized world.  Now that US behemoth Verizon is looking to enter the Canadian market, a debate is raging about what should be done about the mobile sector, and what would be most beneficial to Canadian workers and consumers.

XL Foods recall: Cost-cutting threatens food and worker safety

The discovery of E. Coli in meat from XL Foods has prompted the largest beef recall in Canadian history. Like any capitalist enterprise, XL Foods has one key goal: increasing profit. While corporate consolidation grew and agriculture and meat production became more concentrated, the role of factory farming in agribusiness became more prominent. Today over 95% of animals raised and slaughtered for food in Canada are mass-produced on factory farms. As animals rights groups have pointed out, conditions for animals there tend to be overcrowded and unsanitary, allowing disease to spread easily.

One year after #Occupy: How to beat the 1%

Today marks the one-year anniversary of the Occupy movement in many Canadian cities.  Occupy captured the imaginations of thousands of youth, and even though the occupations themselves are no longer around, the ideas and language of the Occupy movement persist today.  The key factor in making movements such as Occupy successful is to bring in the labour movement who hold the real power in society.  Today, we publish a recent editorial from our sister paper in the USA, Socialist Appeal.

Capitalists of the world, unite… in tax evasion

A recent report by the consultancy firm, McKinsey, reveals that treasure troves of cash are being held in off-shore, tax-free havens. This does not come as news for many; what is notable of the report is the sheer magnitude of wealth that the ultra-rich of the world have accumulated in off-shore accounts for decades.

As 2012 dawns -- Once more on optimism and pessimism

Twelve months ago, we contrasted the attitude of the bourgeoisie and the working class as the effects of the capitalist crisis played out.  The bourgeois have no confidence in their own system, only seeing a dead end.  The working class, on the other hand, are beginning to realize their own strength.  In the past year, the working masses around the world have risen up and begun to challenge the status-quo.  What can revolutionaries look forward to in 2012?