Lockouts Almost Derail GDP Growth

Statistics Canada reported today that economic growth dropped to a bare 0.1% in January. The New Year began with Rio Tinto locking out former Alcan employees at Alma, Quebec, and Caterpillar locking out former Electro Motive employees at London, Ontario. Closing these major facilities contributed to cutting growth in durable-goods…
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CLC Analysis of the 2012 Federal Budget

Budgets are all about choices. With unemployment and underemployment still at very high levels and a shrinking middle-class, the federal government could and should have laid the basis for a sustained and broadly shared economic recovery. The federal government should be taking a larger and stronger role in making the…
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Below 40% of the Unemployed Get EI

Statistics Canada reported today that 12,400 more Canadians received Employment Insurance (EI) regular benefits in January. The increase in recipients reflected higher unemployment. Indeed, the proportion of jobless workers receiving benefits remained 39% (i.e. 561,060 beneficiaries out of 1,421,200 officially unemployed Canadians.) Only 28% of unemployed Ontarians received EI benefits…
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Enbridge Pipe Dreams and Nightmares

We released today a report by yours truly on the economic costs and benefits of the proposed Enbridge Northern Gateway Pipeline. In particular, I take aim at the outrageous claims about jobs made by the feds and Enbridge as part of their sales pitch. The report takes a closer look at the input-output modelling of…
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Canadian Deindustrialization

I thought I knew all about the manufacturing crisis, but I was was still kind of stunned when I did a quick stat check to respond  to a comment on my earlier post on globalization and unions. In 2000, manufacturing output (in constant 2002 dollar terms) amounted to $188.9 Billion….
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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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