Financial

Media Co-op Investor: December #2

Gwalgen Dent — Fri, 31 Dec 2010 04:59:00 +0000

We Dig Deep on First Quantum and Manulife Financial

Welcome to Media Co-op Investor!

The Media Co-op Investor Series aims to help the general public understand the stock market, how it works and the major companies which benefit from it.

Toronto Media Co-op presents: Media Coop Investor

Gwalgen Dent — Wed, 15 Sep 2010 02:02:06 +0000

New Series Takes Aim at TSX, Canadian Companies

Welcome to Media Co-op Investor!

Stock markets are the locations of some of the highest concentrations of capital in the world. Trillions of dollars pass through them every day, switching hands, making people rich, and financing companies large and small.

Press for Truth Reports on the G20 Toronto

DannyLiberty — Thu, 20 May 2010 20:31:37 +0000

On Sunday May 2nd, Press For Truth members Dan Dicks, Bryan Law, and Steve Davies went to 4 different locations to report on the upcoming G20 summit, including the Metro Toronto Convention Center (site of the summit), Trinity Bellwoods Park ((formerly) a designated free speech zone), The Toronto Film Studios (temporary holding facility for arrests made during the G20) and also t

Province's Receiving Federal Transfer Payments

afterfostercare — Fri, 27 Mar 2009 18:58:32 +0000

I recently watched a Public Accounts Committee meeting at the Federal Government Level on March 03, 2009 (don't worry, I'll return to provincial government soon) where they reviewed the Audit Report of the Federal Auditor General, Sheila Frazer for 2008.

Chapter 1 of that report is titled "A Study of Federal Transfers to Provinces and Territories" and it examined "the three main mechanisms used by the federal government to transfer funds to the provinces and territories"

According to the report, it also "looked at the nature and extent of conditions attached to these transfers". The purpose was to "inform parliamentarians about the federal government's transfers to the provinces and territories" but not to include recommendations as it was only a descriptive study as opposed to an audit.

I learned from that report and the committee meeting that Billions of Dollars are distributed to the provincial governments to assist them in providing services to their local jurisdictions, but that there are no conditions placed on those multi-billion dollar transfers.

So there is no accountability for the expenditure of those funds at the Federal Level, and to make things worse, as a citizen who wanted to know how much of those federal transfer payments went to a particular Ministry, it is virtually impossible to find out.

The reason being that the money is transfered into the province's CRF, which is a "Consolidated Revenue Fund" and once it goes into that fund, other funds are also deposited into that CRF from provincial sources such as licensing fees etc. and the provincial programs are funded from that fund, therefore breaking the trail of accountability back to the federal government in regard to how that money is being spent.