Accuses Canada of squandering economic opportunity
April 26, 2004 |
OTTAWA - Canada is hoarding unprecedented economic wealth while human insecurity - at home and abroad - deepens, says a new international report.
Squandering Canada's Surplus, a report to Social Watch, an international citizens' watchdog group, is critical of Canada's recent decision to reduce the country's debt-to-GDP ratio to 25 per cent in 10 quick years.
"Aggressive debt reduction as a political priority is a dubious way to spend Canada's unprecedented fiscal surplus," says the report's author, economist Armine Yalnizyan.