Posthaste: Canada at 'critical turning point' as poverty worsens, warns report

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Posthaste: Canada at 'critical turning point' as poverty worsens, warns report
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Visits to food banks up 50%

almost half of people nationally feel financially worse off than last year and one in four are suffering from food insecurity.

It wasn’t always so. Between 2015 and 2020, Canada saw the most dramatic decline in poverty on record, with the rate dropping from over 14 per cent to 6.4 per cent, the report said. “There is nothing in today’s report that would prevent the BoC to cut June,” said Alberta Central chief economist Charles St-Arnaud.

The banking crisis south of the border last year led many investors to shy away from the financials sector. But market strategist Marius Jongstra says there are pockets of value to be found if investors can cut through the noise and look at the fundamentals.

Ukrainian servicemen operating a howitzer in Kharkiv region near the Russian border work around the clock to stop an incursion by Moscow's troops, and they are finally getting the shells to do it. Ukraine's defenders were hamstrung for months by shortages of artillery shells and other weapons as U.S. Congress held up billions of dollars worth of military aid.

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