Press Releases Archive

CLC launches on line calculator on costly RRSP fees - CLC President says financial industry gouging investors

Posted: Friday, 18 November 2011

OTTAWA – The Canadian Labour Congress has launched an on line calculator to show how banks and financial investment companies are gouging people who are trying to save for their retirement. “Our research indicates that when a company charges you an ann… Read More

CLC criticizes Ottawa for introducing PRPPs: Georgetti says improved CPP best way to provide retirement security

Posted: Thursday, 17 November 2011

OTTAWA – The President of the Canadian Labour Congress says the federal government is making a big mistake in promoting Pooled Registered Pension Plans (PRPPs) as a solution to the pensions crisis in Canada. Ken Georgetti was responding to a government b… Read More

Manufacturers, labour support extension of job sharing: Ken Georgetti, Jayson Myers respond to Flaherty statement

Posted: Wednesday, 9 November 2011

OTTAWA – Leaders representing Canadian manufacturers and exporters and the Canadian labour movement are pleased that the federal government will extend for one year a job sharing program allowing workers who would otherwise have been laid off to work part… Read More

CLC pleased that Ottawa showing flexibility on deficit: But Ken Georgetti concerned unemployment will keep rising

Posted: Tuesday, 8 November 2011

OTTAWA – The Canadian Labour Congress is pleased that Finance Minister Jim Flaherty promises to show some flexibility about deficit reduction targets in the face of a looming economic slowdown, but predicts that unemployment will continue to rise in Canad… Read More

Financial Literacy Month

Posted: Friday, 4 November 2011

The financial industry has declared November to be "Financial Literacy Month" in Canada. It's a month where banks, mutual funds, and insurance companies will try to educate ‘uninformed’ individuals, but gloss over their predatory behaviour that allows t… Read More

Canada unprepared for slowdown, must fix EI: CLC President comments on job numbers for October 2011

Posted: Friday, 4 November 2011

OTTAWA – Canada’s Employment Insurance system is not prepared for a looming economic slowdown and Ottawa must fix the EI program while there is still time, says Ken Georgetti, President of the Canadian Labour Congress. “There are storm clouds over Eu… Read More