The front page of today’s Globe and Mail (Ontario Edition) proclaims, “Supercorp is dead.†The story goes on to note, “many government insiders have suggested that opponents of a potential deal got too much of a head start on framing the issue.†Indeed, this blog got a head start framing the issue back in December, when The Globe reported that […]
Read moreOn a weekend getaway to Washington state, I was alarmed at how much cheaper gas prices are south of the border. Typically, we paid $3 per gallon, whereas the price in Vancouver upon our return was $1.16 per litre, which is $4.39 per gallon (with the exchange rate roughly parity over the weekend). This is an astonishingly large price difference, […]
Read moreHere’s the media round-up from over the weekend and today’s press. You will note almost all the stories are against the Harper decision to cut the Census long-form questionnaire. However the push-back-in-print has begun. Clark’s piece from the Province [BC] is an ode to libertarianism, and Ditchburn’s story for CP, “Census consensus among Conservatives”, offers some insights on where this […]
Read moreThe notion that tariffs caused the Great Depression has been repeatedly invoked in opposition to allegedly protectionist policies and to press ahead with deregulatory “free trade†deals. Also, the current collapse of international trade is sometimes cited to suggest a rising tide of protectionism today. Yesterday, Paul Krugman had an excellent post debunking the underlying claim that tariffs caused the […]
Read moreToday’s Toronto Star features an op-ed by John Cartwright, President of the Toronto and York Region Labour Council. (I once had the chance to hear John speak at a press conference in Toronto and found him to be an oustanding public speaker. But I digress…) In the piece, he argues that “we” (I think he means both the Harper government and the […]
Read moreFrom strategies on austerity to shutting down public discourse, Prime Minister Harper seems to have found a new BFF at the G8 meetings. David Cameron’s new tough-as-nails coalition government is planning to scrap the Census in the U.K., which has been taken every 10 years for the past 200 years. It is viewed as “expensive and inefficient”. Unlike Canada’s decision, […]
Read moreThe sound of backlash to the government’s decision on cutting the Census long-form questionnaire continues to rumble across the country. Tuesday’s Globe and Mail published a story on the topic as well as a column by Andre Picard which was drawn primarily from the open letter on this blog. The next day the sound of outrage came from Mr. Harper’s […]
Read moreThis morning, Statistics Canada reported that employment jumped by an incredible 93,200 in June. But the total number of hours worked actually declined. In effect, less work was divided up between more workers. (By contrast, a similar employment jump in April corresponded to a large increase in hours worked.) Less Unemployment: A Central Canadian Story The advantage of dividing less […]
Read moreThe former Chief Statistician, Ivan Fellegi, who served Canada for 51 years, cannot identify any census in any country that is voluntary. From time immemorial, such is the nature of Census taking. Thus far there are only two people on public record in Canada taking a public stand against the Census and it is not because of the questions on […]
Read moreAs BC and Ontario have now started paying the HST at the till, many people may be wondering when exactly can we expect to see those jobs postings opening up. This is a good question. According to analysis commissioned by the BC government from economist Jack Mintz, titled British Columbia’s Harmonized Sales Tax: A Giant Leap in the province’s Competitiveness, […]
Read moreWith all of the attention focused on the HST implementation on July 1, most people seemed to miss the next increment of that other much-hated tax, BC’s carbon tax. As of July 1, the carbon tax is now $20 per tonne of CO2, or about 4.6 cents on a litre of gasoline. And like any two-year old, this toddling tax […]
Read moreAt the end of May in Quebec City at the annual Canadian Economics Association conference, the PEF awarded the second John Kenneth Galbraith Prize in Economics to John Loxley. Below is the full text of John’s Galbraith Lecture (pdf version with proper footnotes and formatting here). Congrats again to John for a lifetime of amazing work! Also, thanks to one […]
Read moreIf you care about the quality of data that helps us do our analysis, here is a small step you can take to help reverse the Statistics Canada/Government of Canada’s decision to eliminate the Census long form.
Read moreI recently had the pleasure of making a couple of presentations on public finances in Alberta. In February, I spoke at the “Remaking Alberta†conference in Edmonton. This past week, I served on an Alberta Federation of Labour (AFL) panel in Calgary with Todd Hirsch from ATB Financial and Roger Gibbins from the Canada West Foundation. Like other provinces, Alberta […]
Read moreA recent letter from economists nicely summarized the two main theoretical arguments in favour of the HST: “Businesses, large and small, will face lower administrative costs from complying with one sales tax system instead of two. Lower business costs, especially on capital equipment, will encourage investment and economic activity.†Both arguments make sense in a stylized model of replacing retail […]
Read moreOne of the wonderful things about being away from the usual grind for a few months, is that I get to engage in this unusual activity called picking up a book and actually reading it. What a concept! It doesn’t happen much in the normal day-to-day life of CAW economist, engaged citizen, and co-parent of two lovelies. But it does […]
Read moreTwo weeks ago, the report of a government-appointed panel on Ontario’s social assistance system was made public. The report, entitled “Recommendations for an Ontario Income Security Review,” was written by the 11-member Ontario Social Assistance Review Advisory Council, which had been struck in December 2009 by the McGuinty government. The Council had been asked to make recommendations on the “scope and terms of […]
Read moreJune 30, 2010 Open letter to the Honourable Tony Clement, Ministry of Industry and Minister Responsible for Statistics Canada and Munir Sheikh, Chief Statistician, Statistics Canada Dear Sirs I am concerned by the Canwest report about the decision to restrict the upcoming Census, and the path the highly-regarded Statistics Canada and the Government of Canada seems to be headed down […]
Read moreFollowing a strong increase in March, Gross Domestic Product (GDP) decreased slightly in April. Output edged down in both the goods-producing sector and the service sector. Annualized output stood at $1,229 billion in April, compared to a pre-crisis peak of $1,241 billion in July 2008 and a trough of $1,186 billion in May 2009. We are $12 billion below the […]
Read moreFrom the “fox guarding the henhouse” category comes news that the Bank of Canada has appointed Tim Hodgson, CEO of Goldman Sachs’ Canadian subsidiary, to be a special advisor for the next 18 months on financial regulatory reform. Hodgson worked with Governor Mark Carney when the latter was also at Goldman Sachs. (Don’t forget, Carney himself spent 13 years at […]
Read moreBill Watson might just be my very favourite right-wing economist. (He might disagree with that moniker. Or he might not. He probably thinks he’s just being “rational.”) Prof at McGill, punchy commentator for the National Post, and always game for a fair debate (unlike most of his ilk who just try to ignore us in hopes we’ll go away and stop […]
Read moreHow fascinating, and inspiring, to see China’s workers continuing to build their fightback against the low pay and grueling working conditions that have unfortunately been part and parcel of China’s recent development. And how appropriate that it was a fight against a global auto giant, Honda, that finally put the global spotlight on this struggle. Finally, how ironic that Honda […]
Read moreI’m happy to be in Vancouver not my home town of Toronto right now. Turning Toronto into a police state for a few days at the cost of $1 billion hardly seems like a good use of public funds, especially when we know the final communique will preach fiscal belt tightening. But what does $1 billion of security look like? […]
Read moreThat the HST will take a bite out of family budgets is clear to everyone. The main question right now is just how big of a bite. Two studies released in BC earlier this week asked this exact question but came to very different conclusions. On Monday, the Fraser Institute released a paper arguing that lower and middle income families […]
Read moreI spoke yesterday at a well-attended pre G20 conference in Toronto organized by the Friedrich Ebert Foundation and the Munk Centre at the University of Toronto. My comments as part of a union researchers panel were based on a short paper I wrote for the Foundation on the need for a new labour market model , posted below. The other […]
Read moreJohn Richards tells us “tough love” was the right public policy stance for governments to take in the mid 1990s. In his report released today by the C.D.Howe Institute, Reducing Lone Parent Poverty: A Canadian Success Story,Richards tells us that the tightening of access to welfare and the imposition of workfare was the kick-in-the-butt that lone parents needed to move […]
Read moreBrian Lee Crowley used to run the Atlantic Institute for Market Studies. Through the new Macdonald-Laurier Institute, he is now (to paraphrase ZZ Top) not only bad, but also nationwide. So far, the Macdonald-Laurier Institute has released two papers. I missed the first one in March. The second paper, released on Monday, is entitled Citizen of One, Citizen of the […]
Read moreThe Parliamentary Budget Office today released its report showing that just one legislative change by the federal Conservatives – the Truth in Sentencing Act, which came into effect on February 23 – will double the costs of correctional services in this country over the next five years, from $4.4 billion to $9.5 billion. Most of these costs will be borne […]
Read moreEarlier this month, the Bank of Canada raised interest rates ahead of its original schedule to head off inflation. Some commentators are calling for further rate hikes in the near future. But today’s Consumer Price Index suggests that inflation is not an impending threat. Adjusting for seasonal factors, consumer prices were lower in May than they had been in April. […]
Read moreThe title for this post borrows from an article by Robert Rowthorn (my old Cambridge professor) and Terry Ward in the 1979 Cambridge Journal of Economics, titled “How to run a company and run down an economy.” It’s still a classic on the difference between private cost-benefit accounting and social cost-benefit accounting (showing how the logic of coal-mine closures had […]
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