Canada falls behind on poverty reduction as its economy undergoes structural change [Globe and Mail, The (Toronto, Canada)]
Royal Bank Of Canada (RY)
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Source: Globe and Mail, The
Listen to this article Learn more about audio Log in or create a free account to listen to this article. Titled Opportunity for All ‚ the action plan established the country's official poverty line, a measure that reflects the aggregate costs of a basket of goods and services that individuals and families require to meet basic needs. In other words, Ottawa vowed to reduce the number of people living in poverty to one in 10 (or 10 per cent) by 2020, and to one in 17 by 2030 (6 per cent) – targets it previously described as “ambitious but realistic.” But those goals were set eight years ago, before the COVID-19 pandemic and the ensuing surge in inflation that exacerbated a cost-of-living crisis across the country. Inflation has since fallen from its peak in 2022, but Canada is still losing the fight against poverty. Recently, the Carney government appropriately responded with an increase to the GST credit and other measures to tackle the affordability crisis. Opposition par
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Earnings
- 12/3/25 - Beat
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Sec Filings
- 2/13/26 - Form 424B2
- 2/13/26 - Form 424B2
- 2/13/26 - Form 424B2
- RY's page on the SEC website