Finance Ministers Hatch Plan: CPP Investment Board

CPP Investment Board: Finance ministers hatch plan to enhance CPP, Nov. 3, according to The Star. The conventional wisdom approves the investment of tax withholdings into the stock market through the CPP Investment Board. But estimated job losses make it apparent that these monies dont return to the real economy but rather become channeled into asset bubbles leading to booms followed by bust and Re: Finance ministers hatch plan to enhance CPP, Nov. 3 According to the Canadian Federation of Independent Business, a provincial proposal to increase CPP contributions would result in a one per cent drop in wages and the loss of 500,000 person years of employment. But if payroll tax increases are deflationary and hurt the economy, why then do premiers insist on increasing premiums in order to maintain a fully funded CPP? (www.immigrantscanada.com). As reported in the news.