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  • 2019 Federal Budget Analysis February 27, 2019
    Watch this space for response and analysis of the federal budget from CCPA staff and our Alternative Federal Budget partners. More information will be added as it is available. Commentary and Analysis  Aim high, spend low: Federal budget 2019 by David MacDonald (CCPA) Budget 2019 fiddles while climate crisis looms by Hadrian Mertins-Kirkwood (CCPA) Organizational Responses Canadian Centre for Policy […]
    Canadian Centre for Policy Alternatives
  • Boots Riley in Winnipeg May 11 February 22, 2019
    Founder of the political Hip-Hop group The Coup, Boots Riley is a musician, rapper, writer and activist, whose feature film directorial and screenwriting debut — 2018’s celebrated Sorry to Bother You — received the award for Best First Feature at the 2019 Independent Spirit Awards (amongst several other accolades and recognitions). "[A] reflection of the […]
    Canadian Centre for Policy Alternatives
  • CCPA-BC welcomes Emira Mears as new Associate Director February 11, 2019
    This week the Canadian Centre for Policy Alternatives – BC Office is pleased to welcome Emira Mears to our staff team as our newly appointed Associate Director. Emira is an accomplished communications professional, digital strategist and entrepreneur. Through her former company Raised Eyebrow, she has had the opportunity to work with many organizations in the […]
    Canadian Centre for Policy Alternatives
  • Study explores media coverage of pipeline controversies December 14, 2018
    Supporters of fossil fuel infrastructure projects position themselves as friends of working people, framing climate action as antithetical to the more immediately pressing need to protect oil and gas workers’ livelihoods. And as the latest report from the CCPA-BC and Corporate Mapping Project confirms, this framing has become dominant across the media landscape. Focusing on pipeline […]
    Canadian Centre for Policy Alternatives
  • Study highlights ‘uncomfortable truth’ about racism in the job market December 12, 2018
    "Racialized workers in Ontario are significantly more likely to be concentrated in low-wage jobs and face persistent unemployment and earnings gaps compared to white employees — pointing to the “uncomfortable truth” about racism in the job market, according to a new study." Read the Toronto Star's coverage of our updated colour-coded labour market report, released […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

GDP: Resource Exports Cover for Domestic Weakness

Statistics Canada reported today that GDP grew by 0.6% in the first quarter. The volume of energy and mining exports expanded by more than 5%, offsetting lower exports of many manufactured goods as well as a weak domestic economy.

Consumer spending growth slowed to 0.2% in the first quarter of 2013, its lowest rate of growth since the first quarter of 2009. Business investment declined by 0.3%, with lower investment in housing as well as machinery and equipment offsetting higher investment in non-residential structures. Government spending grew by 0.5%, but public-sector capital investment shrank by 0.5%:

The decline in business investment is striking given buoyant corporate profits. The gross operating surplus of corporations increased by 1.1% in the first quarter, more than the wider economy and significantly more than employee compensation:

The corporate sector is reaping large profits from exporting commodities and investing in structures for resource extraction but not in the broader economy. A policy solution is for governments to collect higher resource royalties and corporate taxes, and invest the proceeds in needed infrastructure and services.

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Comments

Comment from Travis Fast
Time: June 2, 2013, 7:24 pm

If your political ambitions have been satisfied maybe you could mention the N word.

Comment from rcp
Time: June 3, 2013, 8:58 am

Travis, your domain name has expired.

Comment from Erin Weir
Time: June 3, 2013, 9:07 am

Maybe it’s been nationalized. 🙂

Comment from Travis Fast
Time: June 3, 2013, 12:00 pm

No I have a back end problem with the site for the moment and I am too busy trying to finish an article to solve the problem for a blog I do not have the time to write for at the present.

Erin what happened to Sask? At the height of the last boom in commodity prices the total compensation of capital in Sask was 130% of wages, almost 7 times the national average. What, is Newfoundland the new Jerusalem?

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