The Institute for Research on Public Policy has published a very interesting overview study on the resuscitation of “industrial policy” in economic policy circles. It points out that industrial policy levers are used widely by countries around the world–despite hypothetical efforts (through trade deals and other institutions) to limit their application.Â
Read moreThere’s a hilarious piece in today’s National Post by Dean Beeby, who cleverly used an access to information request to ferret out a copy of the training manual they use for the summer students who guide tourists around Parliament Hill. Anticipating critical questions about the role of the Senate in our modern-day democracy, the students are primed to highlight its virtue […]
Read moreWith Prime Minister Harper making the diplomatic rounds in Europe, media interest has heightened this week regarding the potential free trade agreement which his government is trying to negotiate with the European Union. Several deadlines to reach that deal have come and gone, but the Conservatives are still heavily committed to reaching a deal as a centrepiece of their economic […]
Read moreI was invited to appear before the House of Commons Industry Committee this week on the subject of Bill C-60, this year’s omnibus budget bill. 18 paragraphs of that long bill describe proposed amendments to the Investment Canada Act, aimed at codifying the policy changes announced by Prime Minister Stephen Harper late last year (in the wake of his government’s […]
Read moreThe following guest post was written by Chris Watson, legislative liaison for CUPE Ontario based in Toronto: In stark contrast to the austerity budget strategy of Don Drummond, Dalton McGuinty and Dwight Duncan, a plan premised on Drummond’s core belief that strong economic growth in Ontario is not possible and should not be the goal of Ontario budget policy, the […]
Read moreIn the hyper-polarized context of Canadian energy policy debates, even suggesting that there might be a downside to the untrammeled energy boom centred in northern Alberta is enough to get you labelled a traitor or an economic illiterate — or both. Conservative political leaders in both Ottawa and Edmonton, backed by energy-friendly think-tanks and the Sun media chain, have tried […]
Read moreThe glaring contrast between employment numbers, and the unemployment rate, was highlighted by today’s labour force numbers from Statistics Canada (capably dissected elsewhere on this blog by Angella MacEwan). Paid employment (ie. employees) declined by 46,000. Total employment (including self-employment) fell by 22,000. Yet the unemployment rate fell to 7% — its lowest level since late 2008. Fewer people were […]
Read moreA special event was held at the Vancouver & District Labour Council last week to commemorate the history and contributions of the Trade Union Research Bureau.
Read moreThe Ontario Nurses Association has been publishing some awesome economic analysis over the last couple of years, highlighting the talents of their new economist & PEF member Salimah Valiani. Apart from a strong analytical & quantitative approach, ONA’s recent research has been very refreshing in the emphasis it has placed on gender analysis and the unique features of caring labour. […]
Read moreI had a good old-fashioned knock-em-down drag-em-out debate with Ian Lee from Carleton University on CBC’s Power & Politics yesterday re C377. http://www.cbc.ca/player/News/Politics/ID/2318279928/ There were a number of “zingers†from Prof. Lee that are worth considering: • He said “hundreds of thousands†of Ontarians have their salaries listed on the government’s sunshine list (reporting salaries of those who earn over […]
Read moreThe federal government’s announcement on Friday that it is approving two more big oilsands takeovers (by China’s CNOOC and Malaysia’s Petronas, both state-owned suitors) was political tap-dancing at its best. Prime Minister Harper’s speech listed several reasons why takeovers by foreign state-owned firms are a problem … but then proceeded to approve $21 billion worth of them. Future takeovers by […]
Read moreErrol Black was a wonderful progressive economist and activist in Manitoba who contributed enormously over the years to our collective knowledge on labour economics, economic development, unions, and more, and was core in founding the Manitoba branch of the CCPA. He passed away on the weekend; here is a very fitting obituary written by his friend and colleague Jim Silver. […]
Read moreThis week’s edition of Embassy newspaper contained a very interesting briefing insert on the Canada-EU CETA talks. Below is a commentary from me critiquing the ubiquitous but unbelievable claim that free-trade with Europe would boost Canada’s GDP by $12 billion, create 80,000 jobs, and life incomes by $1000 per family.
Read moreIt’s been amusing today to listen to the pundits discuss the economic implications of Hurricane Sandy.Â
Read moreI am now finally emerging from the mental fog induced by the 24-7 triennial marathon otherwise known as “CAW major auto bargaining.†To close the circle, here are my thoughts in retrospect on the bargaining: how the union prepared for it, the issues at stake, the contents of the final deal, and the challenges that remain ahead for the CAW […]
Read moreLast month’s over-the-top “celebrations”of the 25th anniversary of Brian Mulroney and Ronald Reagan’s signing of the Canada-U.S. Free Trade Agreement seemed strained, to my mind. The self-congratulation and back-patting struck me as rather overdone, contrived even. Remember, this wasn’t the 25th anniversary of the FTA’s implementation (that won’t occur until Jan. 1 2014). It was only the anniversary of its signing – […]
Read morePosted below is my column from today’s Globe & Mail regarding this nefarious practice of providing “priority lanes” for higher-income customers — even (in the case of airport security screening) for a PUBLIC service that we all pay the same for! And if you wonder why you get so pissed off when the high-flyer jumps the queue, watch this hilarious […]
Read moreThere’s a refreshingly pragmatic and detailed piece in today’s National Post by Peter Spiro questioning the assumed correlation between oil prices and the loonie. It builds nicely on previous discussion of the “oil price-loonie transmission mechanism” that has occurred here and here. Among other salient points, Mr. Spiro points out that: Canadian petroleum exports have grown, but not that dramatically […]
Read moreLast week’s CAW convention in Toronto was one of the most exciting labour events I’ve ever been to.Â
Read moreFor novelty value if nothing else, Mark Carney’s appearance at the CAW convention last week was bound to spark lots of attention. After all, we could find no other historical example of a Bank of Canada Governor ever speaking to a union convention. That says something in and of itself, of course. Central bankers speak to audiences of financial leaders […]
Read moreWith all the predictions of doom and gloom coming from the austerity camp, one would think that Canada was already about to hit the famed (but never seen) “debt wall.” Before we get too carried away, however, with the scary debt stuff, consider these two indicators of the fundamental fiscal fragility/stability of Canadian governments. The first figure shows the net financial […]
Read moreFurther to my recent post on the Ontario PC party’s proposal for right-to-work laws in that province, here is a slightly longer version of my column in today’s Globe and Mail:
Read moreJust in time for Canada Day, the Globe and Mail’s Report on Business issued its annual Top 1000 rankings of the thousand largest publicly traded companies (by assets) in Canada (ranked by profit). I blogged about this last year as well. It’s such an interesting snapshot of Canadian business it’s worth perusing. Once again, this listing reveals the extent to which […]
Read moreIt’s clear we’re going to have to gear up our arguments on right-to-work laws, dues check-off, the Rand Formula, etc. In the last year three mainstream parties have introduced proposals for right-to-work style legal changes in Canada (Brad Wall’s Saskatchewan Party, the Wild Rose Alliance, and now yesterday Tim Hudak’s Ontario PCs). This used to be terrain solely inhabited by the […]
Read moreThe Harper government currently lists 18 different sets of free trade negotiations “in play.” (See my recent post on this.) Today the government announced (from the G-20 meetings in Mexico) the 19th: Canada has been invited to join the Trans Pacific Partnership talks. The TPP negotiations were initiated several years ago bya number of smaller Pacific countries. The Obama government […]
Read moreI’ve worked closely with Erin for years, being struck by his combination of talent & passion right from the time he entered the PEF’s student essay contest (which he won for the first time exactly a decade ago, awarded at the CEA 2002 meetings in Calgary). Thirty-six other economists and I think he’d make a great contribution to economic policy […]
Read moreI always come back from the annual CEA/PEF meetings highly energized by the companionship of so many other fine committed PEF members, and our success in engaging with the broader profession. This past weekend’s meetings in Calgary were no exception. A highlight, of course, was the 3rd Biennial Galbraith Lecture delivered by Mike McCracken, CEO and Chair of Informetrica, Inc., […]
Read moreThere’s a fascinating new report from the Centre for the Study of Living Standards that calculates Human Development Index (HDI) scores for all of Canada’s provinces and territories. Here’s the citation: The Human Development Index in Canada: Estimates for the Canadian Provinces and Territories, 2000-2011, by Elspeth Hazell, Kar-Fai Gee, and Andrew Sharpe (Ottawa: Centre for the Study of Living […]
Read moreStatsCan released the first-quarter GDP numbers this morning, and the deafening silence you hear is of champagne corks not popping. Quarterly growth was 0.5% (1.9% annualized): uninspiring but not disastrous. Erin Weir has aptly pointed out the leading role of government spending cuts in dragging down growth. Erin noted that government current consumption fell 0.4% in the quarter. Government investment […]
Read moreDFAIT’s web site currently lists 18 different trade deals currently “in play” (and that doesn’t count the Trans-Pacific Partnership, where Ottawa is so far just flirting). But Harper’s push to sign as many FTAs as possible while he has a majority will not improve Canada’s actual trade, which is deteriorating (both quantitatively and qualitatively) the more FTAs the government signs. Linked […]
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