This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Federal Budget Missed Opportunity For The Economy And Services

OTTAWA, March 21, 2013 /CNW/ - The union representing most federal government workers in Canada says that Federal Budget 2013 is a missed opportunity for the economy and services.

"We called on the government to recognize that austerity has hurt Canadians and the economy and that it's time to reverse cuts and invest in and restore federal government services," said PSAC national president Robyn Benson.

"Canadians across the country have lost services they rely on, and the job cuts in government are hurting economies big and small," she added.

Benson says PSAC is concerned that initiatives announced around online access to services may mean further cuts to frontline services that have been seen at Veterans Affairs, Immigration Canada, and Service Canada, for example.

The government also commits to new initiatives aimed at curbing tax evasion and fraud, but doesn't commit to replacing the workers who've been handed surplus notices at the Canadian Revenue Agency. Since last year's budget, CRA has told 911 workers they could lose their jobs, including special investigators. This budget will likely further reduce CRA's workforce, and that doesn't fit with a commitment to catching tax evaders.

Benson said she is troubled that instead of reinvesting in federal government services, the government has committed $1.5 billion over five years to P3 Canada, and might be considering privatizing the delivery of some Canadian social programs.

"We've called on the government to abandon its pursuit of P3s because they are costly and unaccountable," said Benson. "We are especially alarmed that the government is considering privatizing services currently offered publicly, such as those for youth at risk, persons with disabilities and the homeless. No one should make a profit on the people who need these services."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs