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Labour Day Message: Public Pensions Must be Part of Economic Recovery. By CAW President Ke
September 3, 2009 - 10:30pm EST
The question that will be on many people's minds as they go into this Labour Day weekend will be, is the recession over?

While economists, including the Bank of Canada's own Mark Carney, are proclaiming better times are on their way, workers across the country are much more skeptical and with good reason. The recession has been disastrous for hundreds of thousands of families across the country. The impact will last for months and maybe even years to come.

Since the official beginning of the recession in October nearly half a million full-time jobs have been lost, this doesn't include the tens of thousands more part time jobs that also disappeared. This year, household debt reached a record high. For every dollar earned, the average Canadian owed $1.40. Protections against unemployment (including EI) are also at an all time low, after being stripped away in rounds of reform in the 1980s and 1990s.

Much of this we know. What comes next is less clear.

To read the rest of Brother Lewenza's statement, click on the link below
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Last Updated: September 3, 2009 10:38:13 PM