Download or read book Financial Vulnerability of Canadians with the Lowest Incomes written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This infographic uses data from the 2022 Portrait of Canadian Society Survey to examine the impact of rising inflation on the lowest income Canadians. It also uses multiple pre-pandemic data sources to present personal characteristics, family income, net worth levels and poverty rate of Canadians in the bottom income quintile"--Provided by publisher.
Download or read book Financial Vulnerability in Canada written by Jerry Buckland and published by Springer Nature. This book was released on 2022-03-02 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines financial vulnerability: a state in which a person or household cannot absorb any substantial spending or negative income shock without substantial financial and ultimately broader harm such as job loss, emotional harm, or mental illness. The focus of the book is on the experiences of low- income and modest income Canadian families – families which, by virtue of being in the lower income brackets, are particularly at risk of experiencing financial hardship. Looking at vulnerability from a conceptual and empirical lens, this book offers a framework to better understand the complex and interdependent ways in which financial vulnerability emerge and can be addressed. By locating its analysis of individual and household financial management in wider community, cultural, and economic contexts, this book seeks to offer holistic policy recommendations to reduce financial vulnerability, with implications that go beyond Canada and to other developed countries.
Download or read book Basic Income for Canadians written by Evelyn L. Forget and published by James Lorimer & Company. This book was released on 2020-10-13 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before the COVID‐19 pandemic, the idea of providing a basic income to everyone in Canada who needs it was already gaining broad support. Then, in response to a crisis that threatened to put millions out of work, the federal government implemented new measures which constituted Canada's largest ever experiment with a basic income for almost everyone. In this new and revised edition, Evelyn L. Forget offers a clear‐eyed look at how these emergency measures could be transformed into a program that ensures an adequate basic income for every Canadian. Forget details what we can learn from earlier basic income experiments in Canada and internationally. She weighs the options, investigates whether Canadians can afford a permanent basic income program and describes how it could best be implemented across the country. This accessible book offers everything a reader needs to decide if a basic income program is the right follow-up to the short-term government response to COVID‐19.
Download or read book Assessing the Financial Vulnerability of Households Across Canadian Regions written by Craig Alexander and published by . This book was released on 2011 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rising Prices and the Impact on the Most Financially Vulnerable written by Sharanjit Uppal and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This study uses the 2022 Portrait of Canadian Society Survey to examine the impact of rising inflation on the lowest income Canadians. Using multiple pre-pandemic data sources, the study takes a closer look at people living in the bottom family income quintile, examining their family income, debt and assets levels, as well as some indicators of economic hardship"--Overview of the study, page 1.
Download or read book Assessing the financial vulnerability of households across Canadian regions written by and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For measure of debt serviceability and the share of financially- one, the quality of this data is reliant on the accuracy of vulnerable households, combined, have been allocated 40% the responses. [...] However, over the past two years, vulnerability has we've provided an "adjusted" index reading that builds in headed higher right across the board, and for the majority of the impact of an increase in the Bank of Canada's overnight regions, increases in the index began to accelerate in 2007. [...] The regions to-income ratios have been the major catalysts driving up that are most affected by this adjustment are those that have vulnerability - the debt-to-income ratio has followed an the highest share of individuals at, or near, a position of upward track in all regions since the mid-part of the 2000s, financial stress (i.e., 40% debt service ratio). [...] On the plus side, Note: micro-data data differs from national aggregates due to methodological rapidly-appreciating home prices in the province has left the differences debt-to-asset ratio - a metric of household leverage - below reflecting in large part the strength of housing markets and the Canadian average. [...] While the level of the index is not significantly Debt-service ratios have been falling and remain in a higher than third place Ontario, its rate of increase since comfortable range - despite rising indebtedness, the falling 2007 has been unrivalled across the country, pulling the cost of borrowing has been pulling down the share of income province closer to first place British Columbia.
Download or read book Work Interruptions and Financial Vulnerability written by Derek Messacar and published by . This book was released on 2020 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to massive work interruptions in Canada and several other countries since mid-March 2020. The resulting economic lockdown has raised concerns about the ability of Canadian families to meet their financial obligations and essential needs. This article focuses on families who rely primarily on earnings - wages and salaries and self-employment income - to maintain their living standards.
Download or read book This is Nation Building in the 21st Century written by and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expand our knowledge of household financial vulnerability and health in Canada 5. Task Statistics Canada with the development of a national program to monitor and report regularly on the financial inclusion and health of Canadian households and any related disparities among Canadians and the causes of such disparities. [...] Expand the role and resources of the Financial Consumer Agency of Canada to Include financial empowerment of low-income and other vulnerable people to make informed financial decisions by providing tools and skill building opportunities directly and through community service entities, and by promoting a more inclusive and fair financial marketplace. [...] Make the duty to act in the best interest of the customer at all times, to the best ability of the bank and its employees, a core principle of the Consumer Protection Framework in the Bank Act. [...] We need more effective ways to monitor and assess the actual financial health of households and the challenges they are facing, and to design more dynamic and sustained processes that bring key stakeholders from all sectors together and effectively employ evidence, dialogue and collaboration to tackle key questions. [...] We therefore recommend that: 5. The government should task Statistics Canada with the development of a national program to monitor and report regularly on the financial inclusion and health of Canadian households and any related disparities among Canadians and the causes of such disparities.
Download or read book Sizing Up the Burden of Unemployment in Canada Part III written by and published by . This book was released on 1985 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: At times of high and prolonged unemployment, most workers and their families experience an income loss which can be buffered by other means. In contrast, a significant minority are far more vulnerable to low income status. When such workers are unattached individuals, heads of single-parent families, or heads of families with nobody else employed, their financial vulnerability to unemployment is even greater. This document examines income protection schemes which take into consideration families in this significant minority, and not just individuals.
Download or read book Indebtedness and Wealth Among Canadian Households written by Guy Gellatly and published by . This book was released on 2019 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article in the Economic Insights series examines data on the financial conditions of Canadian households, focusing on recent trends related to indebtedness, income growth, and net worth. Aggregate leverage indicators are examined for the household sector as a whole, followed by a more detailed analysis of households with different income profiles in selected urban areas. This study highlights the extent to which indebtedness and household wealth differ across the country, along with the financial vulnerabilities facing low income households.
Download or read book Low paid Work and Economically Vulnerable Families Over the Last Two Decades electronic Resource written by R. (René) Morissette and published by Statistics Canada, Analytical Studies. This book was released on 2005 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Second Class Money a Study of Low income Canadians Access to Financial Services written by Bever, Fred and published by . This book was released on 1987 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Ottawa Spends 2009 2010 written by Maslove Allan and published by McGill-Queen's Press - MQUP. This book was released on 2009-10-01 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the thirtieth volume in the series How Ottawa Spends. It is arguable that never in these years have Canadians faced such serious economic upheaval and political dysfunction as the current climate. The dramatic and seemingly sudden changes in the economy occurred simultaneously with a political drama - one that was largely disassociated from the real and pressing economic challenge. Early Harper budgets delivered lower taxes for all Canadians partly through highly targeted but politically noticeable small tax breaks on textbooks for students, tools for apprentices in skilled trades, and public transit costs. The needs of the beleaguered average Canadian and the "swing voter in the swing constituencies" of an already strategized "next" election were a key part of Conservative agenda-setting. In the 2007 budget alone there were twenty-nine separate tax reductions and federal spending was projected to increase by $10 billion, including a 5.7 percent increase in program spending. A small surplus of $3.3 billion was planned, almost all of which would go to debt reduction. As Harper savoured his 14 October 2008 re-election with a strengthened minority government, although without his desired majority, he and his minister of Finance already knew that his surpluses were likely gone in the face of the crashing financial sector and a looming recession. Future deficits were firmly back on the agenda. Contributors include Malcolm G. Bird (Carleton University), Chris Brown (Carleton University), G. Bruce Doern (Carleton University and University of Exeter), Melissa Haussman (Carleton University), Robert Hilton (Carleton University), Ruth Hubbard (University of Ottawa), Edward T. Jackson (Carleton University), Kirsten Kozolanka (Carleton University), Evert Lindquist (University of Victoria), Allan M. Maslove (Carleton University), Peter Nares (Social and Enterprise Development Innovations), Gilles Paquet (University of Ottawa), L. Pauline Rankin (Carleton University), Jennifer Robson (Carleton University), Robert P. Shepherd (Carleton University), Richard Shillington (Informetrica Limited), and Chris Stoney (Carleton University).
Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Download or read book Natural Disaster Hotspots written by Maxx Dilley and published by World Bank Publications. This book was released on 2005 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This synthesis summarizes the findings of the Global Natural Disaster Risk Hotspots project. The Hotspots project generated a global disaster risk assessment and a set of more localized or hazard-specific case studies. The synthesis draws primarily from the results of the global assessment. Full details on the data, methods and results of the global analysis can be found in volume one of Natural Disaster Hotspots: A Global Risk Analysis. The case studies are contained in volume two (forthcoming).
Download or read book Low Income in Canada written by Brian B. Murphy and published by . This book was released on 2012 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is sustained interest in finding out in broad terms how many poor people are in Canada, how poor they are, what their characteristics are, where they live, and how long they stay poor. Statistics Canada does not define 'poor' nor does it estimate the number of poor families and individuals in Canada. However in recognition of the need for a statistical portrait, Statistics Canada has for 40 years been publishing statistics on Canadians with low-incomes, which is a key dimension of poverty. The primary purpose of Statistics Canada's low income lines are to provide some indication of the extent, nature, and evolution of persons with low-income who may be said to be at-risk of poverty. This report uses these three thresholds applied to the Survey of Consumer Finances (SCF) and the Survey of Labour and Income Dynamics (SLID) to present and examine broad trends in the low-income population over a 34 year period from 1976 to 2009, with particular attention given to the changes between 2007 and 2009. The report examines the incidence (rate), gap ratio (depth), severity and persistence of low income for Canada as a whole and across different provinces, cities, family types, as well as for specific groups with a high risk of persistent low income.--Document.
