Review: When The World Was Bigger

In 1955 a round-trip flight from Toronto to Rome was a staggering $677, the modern equivalent of $6,100. It was the cost of a full order of household appliances or a good used car – not that it mattered. Most Canadians went their entire working lives without ever stepping on an airplane for a holiday. Not till 1944 did any province even mandate two weeks’ annual holiday pay for wage earners. A simple vacation was luxury, let alone travel abroad. "Don't you get tired of just reading about things?" the frustrated traveler George Bailey is asked in It's A Wonderful Life. Bailey, like the film audience, accepted he could never get away. So, they dreamed. The phenomenon inspires this compelling book documenting the aspirations of the “middlebrow,” a pejorative first coined in 1924. READ MORE

Promises Quick Enforcement

Cabinet’s nominee to manage a registry of foreign agents yesterday promised quick results. Anton Boegman, former Chief Electoral Officer for British Columbia, told the House affairs committee he saw no excuse for further delays: "It is essential to start enforcing the rules promptly." READ MORE

Fast Train Is Insane, Says MP

Construction of regional high speed rail is a $90 billion catastrophe for taxpayers, says an MP whose constituency is on the route. Conservative MP Scott Reid (Lanark-Frontenac, Ont.) yesterday warned of "ruined lives" and wasted billions as the Commons passed the High Speed Rail Network Act: 'Why on earth should people in British Columbia, Alberta or Newfoundland pay for this?' READ MORE

“Early Warning” On Defaults

Analysis of millions of credit reports shows heavy use of credit cards is a two-year “early warning signal” of mortgage defaults, Bank of Canada researchers said yesterday. Findings were drawn from nine years’ worth of TransUnion Canada data: "Monitoring early signs of financial stress among mortgage borrowers is crucial." READ MORE

$170M More For Newsrooms

Subsidies for private sector newsrooms cost taxpayers $170 million last year, the Department of Finance reported yesterday. Publishers successfully lobbied for taxpayers’ aid seven years ago on a promise that subsidies would be transitional and temporary: "There does need to be a deadline." READ MORE

Third Appointee In 6 Months

Cabinet is looking for a third Budget Officer in six months. Interim Officer Jason Jacques yesterday said he had no word on reappointment with four days remaining in his term: "Things were partisan 20 years ago; they are certainly more partisan now." READ MORE

Admit ‘Pressure’ From Fraud

Fraud in Canada’s refugee system is difficult to gauge but may be significant, says Immigration Minister Lena Diab’s department. A “meaningful proportion of claims” from illegal immigrants and other refugee claimants are ineligible, it said: "Indicators provide a broader picture of integrity pressures." READ MORE

Guest Commentary

Gordon Thiessen

A Prairie Banker

In small-town Saskatchewan in those days if your parents didn’t own a farm or a business where you might work there were few choices, actually. One was to join the RCMP. Another was to join the military. The third option was to get a job in a bank, so that’s what I did. I started off as a ledger keeper and finally got promoted as teller. Banking was very different then. You basically took people’s money, looked after it, and if you did lend it was only to customers with a huge amount of collateral.