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The Bank of CanadaÂ cut its benchmark interest rate two weeks ago to nearly record lows, now just 0.5%. In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk. Todayâ€™s move reflects a poverty of economic policy from the ruling Conservatives and […]
Speculation is intense that the unofficial election campaign we have already been experiencing for several months, is about to become official: Ottawa is awash in rumours the writ may be dropped as early as this weekend, setting the stage for months of promises, accusations, and photo-ops. As always the economy will be the top issue.Â […]
Harper-economics lead to a Harper-recession and now to a Harper-deficit Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics Confirmation federal government finances have fallen back into deficit raises more questions about Harperâ€™s image, now more myth than reality, as a sound economic manager. A deficit of course was inevitable once you accept […]
Mr. Harperâ€™s recession Louis-Philippe Rochon Associate professor of economics, Laurentian University Co-Editor, Review of Keynesian Economics Short of a miracle, Canada is officially in recession, which I predicted back in January. But this recession was wholly avoidable had Mr. Harper and his government abandoned their wicked policies of austerity in favour of a growth-oriented […]
This is a guest blog post from Doug Chaudron: – British journalist Johann Hari recently gave a TED talk, provocatively titled â€œEverything you think you know about addiction is wrong.â€ See the 15-minute talk, and find Hariâ€™s biography, at http://tinyurl.com/o5kp779. Some key points made by Mr. Hari in his talk include these: Current approaches to […]
Greece and the death of economics, and democracy, and civility, and so much more Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-editor, Review of Keynesian Economics Irrespective of whether it was total capitulation, there are already a multitude of analyses trying to decipher what (and how) exactly happened in Greece and whether it could […]
Evidence continues to mount regarding Canada’s lousy economic trajectory, and there is now a pretty broad consensus among Canadian economists that the economy was likely in recession in the first half of the year.Â That’s not a sure thing, of course: we won’t know until September 1 if second quarter GDP grew or shrank.
It’s only been a couple of weeks since Disney, that most iconic of American companies, moved to displace all its home grown techies with low-cost foreign temporary workers. But the company had to beat a hasty retreat in the face of an outpouring of criticism. Amid the deluge of commentary this story triggered about where […]
Posted by Armine Yalnizyan under Conservative government, demographics, economic growth, employment, globalization, immigration, labour adjustment, labour market, migrant workers, population aging, skill shortages.
July 7th, 2015
Revisiting my top ten predictions Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics In early January 2015, I published on CBC my â€˜Top Ten Predictionsâ€™ for the year (see here). Here we are half-way through 2015 and I thought I would revisit these predictions to see how I fared. Well, not […]
What follow is a guest blog post from Glenn Burley: – If Science, Technology, Engineering and Mathematics (STEM) and professional fields like medicine, law, and dentistry are the so-called golden ticket to a good job in todayâ€™s labour market, what does that say about the current and future health of our economy? The myth of […]
Posted by Nick Falvo under education, employment, inequality, Job vacanices, labour market, post-secondary education, skill shortages, student debt, unemployment, user fees, wages, young workers.
July 3rd, 2015