GDP Turns Negative

Statistics Canada reported today that the economy shrank in November for the first time in six months. This decline was driven by reduced energy production, which partly reflected maintenance shutdowns in the oil patch and unusually mild weather. While those factors may not affect future economic growth, their ability to…
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AFB Economist Roundtable

The CCPA organized a very successful economist roundtable yesterday on Parliament Hill in Ottawa.  The event was titled “The Global Economic Crisis: Can Canada Escape a Lost Decade?”.  MPs from all parties were invited as were members from a wide variety of civil society organizations.  The attendance was very robust….
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Odious profits and the Enbridge pipeline

Two obvious but generally unstated details about the Enbridge Northern Gateway Pipeline are climate change and that oil and gas companies stand to make mega-profits. An honest appraisal of the project would be something like, “yes, putting in the pipeline will facilitate even more greenhouse gas emissions from the Alberta…
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Job Vacancies vs. Unemployment

Progressive economists have advocated expansionary fiscal and monetary policies to boost demand and create jobs, given the high rate of unemployment. By contrast, employers and conservative commentators complain of unfilled vacancies and labour shortages, emphasizing policies to increase labour supply and labour mobility. Today’s new Statistics Canada survey of job…
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Corporate Taxes and Investment in Ontario

Last week, Ontario’s Ministry of Finance released the Ontario Economic Accounts for the third quarter of 2011. As The Globe reported, business investment was less than impressive: . . . investment in machinery and equipment fell slightly by 0.2 per cent between June and September, 2011, prompting Ontario Finance Minister…
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The Cuts Behind the Curtain

Today, the CCPA released a study I authored titled: The Cuts Behind the Curtain: How federal cutbacks will slash services and increase unemployment.  The report examines all three waves of federal government cutbacks starting with the 2007-2010 strategic reviews, but also projecting the effects from the 2010 personnel budget freeze…
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