immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Organization For Economic Co-operation And Development OECD: Middle Class

Canada Dept: Canada s 1.4 million unemployed workers will fear an even longer wait for a decent job. A middle class that s been struggling for three decades to make ends meet will doubt that a revival in household-income growth is close at hand, according to The Star. The assessment of Canada released last week by the Paris-based Organization for Economic Co-operation and Development OECD is quite stunningly positive, though overshadowed by Flaherty s hints Tuesday that we might not be able balance the budget quite as soon as the 2015-16 deadline set in his March 2012 budget and jim Flaherty s forecast Tuesday of a weaker global economy, a bigger 2012 deficit than previously anticipated and a delay in the balancing of Ottawa books is likely to trigger the kind of headlines that get folks wringing their hands. Yet the cause for optimism should be driven home hard and relentlessly. Optimism does tend to be a self-fulfilling prophesy, and we have plenty to be realistically hopeful about. (www.immigrantscanada.com). As reported in the news.