To all those nervous pensioners in Canada concerned about the ability of the CPP to make those deposits in your bank account, you will be pleased to know that CPP holdings increased by $123.8 billion in the fourth quarter from the 2nd quarter of 2009. Will the government get any credit for this massive increase in CPP assets? It was barely mentioned on CBC Newsworld Thursday, as they were too busy reporting on a dead fashion designer to discuss our booming pension plan!
But I suppose that's par for the course. The CBC prefers to downplay all the great news about our economic recovery while hyper-analyzing the Liberal controversy du jour with a fine tooth comb. Do most Canadians even realize how good we are doing relative to the rest of the industrialized world? Judging by what our broadcasters pass off as news, I am going to guess not so much. Maybe bad news sells better than good news? If there is a state of catastrophe, people's survival mechanism kicks in and they pay closer attention. Good news is no cause for alarm.