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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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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Flaherty’s Christmas List — all Mixed Up

Following recent dismal reports on rising unemployment, stagnant GDP growth, and a deteriorating economic outlook, we can only hope federal Finance minister Jim Flaherty will provide some Christmas cheer with changes “to better promote job creation and economic growth” (as he’s  asked for advice on through his pre-budget consultations). Unfortunately, Santa Flaherty seems to…
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GDP: Canada Goose Egg

This morning, Statistics Canada reported zero economic growth in October. While growth had been driven by strong mining and fossil-fuel exports during the third quarter, Canadians got a lump of coal in October. This Christmas goose egg should come as a wake-up call to economic policymakers. It follows Labour Force…
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Conservative Health Transfers

During the federal election, I noted in a Toronto Star op-ed that the federal Conservative platform entails significant fiscal costs for provincial governments. I accepted the Conservatives’ promise to continue the 6% escalator for the Canada Health Transfer, but worried that they might cut other transfers of similar value. Today,…
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