The recession has exposed the fragility of the pension situation. About two-thirds of workers in Canada lack a workplace pension program and 1.6 million Canadian seniors at the low end of the wealth scale are trying to eke out an existence on less than $15,000 a year.
Some Ontario consumers could be caught in a never-ending cycle of borrowing from payday loan companies despite a new cap on loan fees and interest that came into effect Tuesday, warns an Ottawa-based public watchdog.
Premier Dalton McGuinty is aware of the problem. "Unwittingly, we have developed a policy that stomps you into the ground," he told Ontarians who rely on social assistance last spring.
Quebec has unveiled a new $60.5 million, three-year plan to fight homelessness, including measures to improve mid- and long-term housing options for people on the street.
This report, prepared by Chantal Collin of the Political and Social Affairs Division of Parliament, provides a quick introduction to the poverty reduction strategies of Newfoundland-Labrador and Quebec.