Nova Scotian Workers Need Improved Standards

“Workers in Nova Scotia are worse off economically than they were a quarter century ago.  For the most part, this deterioration in wages happened at the same time that the economy of the province vigorously increased the wealth it generated.”  Now, Nova Scotia has the second-lowest average weekly earnings of…
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Women’s Economics

You know it, I know it, everybody knows it. Women are not only getting more and more educated, they also represent the majority of university students, both in undergraduate and in Master’s programmes. In the coming years, your doctor is very likely to be a woman, so will your lawyer….
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Labour Force Exodus

Statistics Canada reported this morning that 38,000 people gave up looking for work in February. The official unemployment rate fell because these Canadians were no longer counted as being unemployed. However, this huge withdrawal from the labour force is a sign of weakness in the job market. Nationally, 25,000 of…
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The Loonie’s Stagnant Purchasing Power

The following note also appears on Business Insider: When Ontario’s Premier recently complained that Canada’s petro-dollar undermines manufacturing exports, many economists tripped over each other to counter that a strong loonie benefits all Canadians through cheaper imports. In theory, that makes sense. Incomes denominated in Canadian dollars should be worth more if…
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Tilting at Windmills: What to do about Dutch Disease

In response to Ontario Premier Dalton McGuinty’s complaint about oil and the exchange rate, several (conservative) commentators argued that this “Dutch disease” is not what ails Ontario manufacturing. Andrew Coyne took a different tack yesterday, agreeing that petroleum development drives up the exchange rate to the detriment of manufacturing and…
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