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The Americans shocked the rest of the world by electing Donald Trump last Tuesday. Pierre Trudeau suggested that Canada’s proximity to the US was like “sleeping with an elephant”, and thus Canadians are particularly concerned about what this means. Canada’s most preeminent political economist, Harold Innis, can offer some lessons. Innis is known for the […]
Over at the Behind the Numbers web site, Allan Moscovitch, David Macdonald and I have a blog post titled “Ten Things to Know About Federal Income Support for Low-Income Seniors in Canada.” The blog post argues—among other things—that if the age of eligibility for Old Age Security were to move from 65 to 67, the […]
Posted by Nick Falvo under aboriginal peoples, budgets, Canada, Conservative government, CPP, demographics, economic history, election 2015, federal budget, Federal elections 2015, fiscal federalism, Harper economics, income distribution, income support, Indigenous people, inequality, labour market, Old Age Security, older workers, pensions, population aging, poverty, retirement, Role of government, seniors, social policy.
August 29th, 2016
Do you ever lie awake wondering what it is that Finance Canada, the Privy Council Office and Treasury Board Secretariat actually do? Well, wonder no more my friends! Over at the web site of the Calgary Homeless Foundation, I’ve written a blog post titled “Ten things to know about central agencies in Canada.” Here’s the […]
Posted by Nick Falvo under budgets, Canada, democracy, economic literacy, economic risk, federal budget, fiscal policy, progressive economic strategies, public services, regulation, Regulations, Role of government, social policy.
August 8th, 2016
Elites and the talking heads in the media are arguing about how to respond to Canadaâ€™s soured economic outlook. Who should try to boost the economy, the federal government via fiscal stimulus or the Bank of Canada via monetary policy? But while elites argue amongst themselves, the overriding context is a transfer and concentration of […]
This afternoon I gave a presentation at Raising the Roofâ€™s Child & Family Homelessness Stakeholder Summit in Toronto. My slide deck can be downloaded here. To accompany the presentation, Iâ€™ve prepared the following list of â€œTen Things to Know About Homelessness in Canada.â€ 1.Efforts to enumerate persons experiencing homeless have generally been spotty, but it […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Canada, cities, demographics, employment, Employment Insurance, fiscal policy, homeless, housing, income, income support, Indigenous people, labour market, macroeconomics, municipalities, Nunavut, Ontario, population aging, poverty, seniors, social policy, taxation, Toronto, unemployment.
September 17th, 2015
After a generation of comparatively high corporate income tax (CIT) rates, in the late 1980s Canadian governments at the federal and provincial levels began a series of corporate income tax reforms. According to many mainstream (â€˜neoclassicalâ€™) economists, reducing CIT rates was a wise public policy. A reduced CIT rate means a reduction in the […]
Louis-Philippe Rochon Associate professor of Economics – Laurentian University Founding co-Editor – Review of Keynesian Economics Follow him on Twitter – @Lprochon This story from the CBC on August 14, 2015.Â See story here. With the NDP riding high in a number of national polls at the moment, there is an increasingly real possibility […]
Here is the link to buy a new book, Canada After Harper,Â edited by Ed Finn and with an introduction by Ralph Nader, just published by Lorimer. Most Canadians know that Stephen Harper has had a tremendous impact on the country since becoming prime minister in 2006. But few have the in-depth knowledge of how […]
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 […]
Is another recession on its way? Louis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Canadaâ€™s economy shrank in the first quarter by a whopping 0.6%. Is this the beginning of a new recession? Recessions of course are defined as two consecutive quarters of negative growth. Now we learn today that Canadaâ€™s […]
We are pleased to present this guest commentary from Kim Pollock, a former union researcher based in B.C. and Saskatchewan. Now retired, Kim is investigating various aspects of Canada’s economic performance.Â A longer version of this paper will be presented by him at the upcoming Society for Socialist StudiesÂ meetings in Ottawa, and can be obtained […]
Louis-Philippe Rochon Associate Professor, Laurentian Economics Founding Co-Editor, Review of Keynesian Economics Follow him on Twitter @Lprochon Originally published by CBC. Find commentary here. The federal Liberal Party’s recent election promise to create a new tax bracket for rich Canadians has been quickly decried by – well, rich Canadians. But is it an […]
CONSERVATIVES MAKING A MOCKERY OF WORKING CANADIANS Louis-Philippe Rochon Associate Professor of Economics, Laurentian University Co-Editor, Review of Keynesian Economics Today, with great fanfare, Minister of Finance, Joe Oliver, tabled his much-delayed budget in the House of Commons. Despite the governmentâ€™s best effort to confuse Canadians with tales of terrorism, the economy and job […]
THE FEDERAL BUDGET AND CANADA’S ANNUS HORRIBILIS See Original post here for the CBC. Canada’s Finance Minister Joe Oliver announced a new â€“ and long overdue â€“ federal budget for April 21. With the Canadian economy doing so badly, this budget will be crucial. Will the minister do the right thing and give Canadians a […]