The Progressive Economics Forum

On my recent book tour to promote “Thieves of Bay Street” I have journeyed to Alberta, Montreal and Ottawa. In so doing, I have gotten a taste of the Canada which Stephen Harper and his merry band of Tories are trying to forge. In Calgary, I arrived in time for the final weekend of the Alberta [...]

In the context of student protests over Quebec tuition fees, my friend Luan Ngo has just written a very informative blog post on Quebec’s fiscal situation. While I encourage readers to read his full post, I do want to use the present space to make mention of three important points he makes: -On a per [...]

The following is a guest post by Robyn Allan, the former president of the Insurance Corporation of British Columbia who appeared with me on TVO’s panel about Dutch disease. It summarizes her recent paper: An Analysis of Canadian Oil Expansion Economics. There is a chorus singing the praises of the oil industry and its vast economic [...]

This past weekend (March 31st), Sino-Forest Corp. announced it was filing for bankruptcy protection. The Chinese-Canadian company, once the largest publicly-traded forestry firm on the TSX, collapsed under allegations it was nothing more than a sophisticated fraud and Ponzi scheme. Sino-Forest’s demise wiped out about $6-billion in shareholders’ value, making it a catastrophe on par [...]

The revelations over how the federal Tories used a robo-calling firm (or firms) to contact voters in possibly 30 or more ridings during last year’s election – misleading them about where polling stations were located – is just another example of the Harper government’s undemocratic tactics. This is on top of their new on-line surveillance [...]

John Stapleton has an opinion piece out on Prime Minister Harper’s proposed changes to Old Age Security (OAS) and the Guaranteed Income Supplement (GIS). I find the following quote from Stapleton to be particularly troubling: By providing OAS and GIS at age 65, Canada has greatly reduced the incidence of poverty among seniors. By moving the [...]

On CTV yesterday, human resources minister Diane Finley said (45 seconds into this interview): “As we go forward, we’re going to have three times the expense in Old Age Security as we do now, but we’re only going to have half the population to pay for it.” That sounds pretty scary. If the total cost [...]

The Harper government announced today that federal “regulators will be required to remove at least one regulation each time they introduce a new one that imposes administrative burden on business.” At the risk of imposing a proofreading burden on communications staff, that sentence is missing the word “an.” I first heard this idea at a [...]

December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers, especially in light of the fact that it was announced in December 2008, just as Ontario was entering a recession.  Its focus was almost exclusively [...]

As Christmas presents go, this one was a shocker:  Over lunch on Monday, cash-strapped Finance Minister Jim Flaherty promised provincial and territorial finance ministers he’d increase federal funding for health care by six per cent each year for the next five years.  No strings attached. No negotiations.  A done deal.  With a catch. The provinces [...]

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, the Finance Minister unveiled plans [...]

Here’s a guest post from Ben Gillies, a political economy grad from the University of Manitoba. Canadians Must Not Let Dubious Political Tactics Turn Us Off Politics Altogether By Benjamin Gillies Last week, the Conservatives admitted their party was behind a rash of phone calls to Liberal Irwin Cotler’s federal riding in Montreal, in which [...]

The United Nations climate change talks in Durban, South Africa, ended 2011 with a whimper. After a year in which climate disasters rolled across the globe, major polluting nations like Canada chose to ignore them, seeking instead to disrupt the Durban negotiations, then blew the world a raspberry, by officially pulling out of the Kyoto [...]

Last week, I was in Yellowknife, where I released results of new research on affordable housing in the Northwest Territories (NWT). The research project was sponsored by the Social Economy Research Network of Northern Canada, and was a collaboration with the Centre for Northern Families. Research findings include the following: -Housing indicators suggest that the [...]

Governments around the world are heading down a path to economic suicide. So said Nobel Prize-winning former chief economist of the World Bank, Joseph Stiglitz, to hundreds of well-heeled financiers and decision-makers who paid a bundle to hear him in Toronto. With a voice as gruff as gravel, and an energy bristling with urgency, he [...]

The Canadian Association of University Teachers represents 66,000 university and college teachers, academic librarians, researchers and staff at more than 120 universities and colleges in Canada. Their 2012 brief to the Federal Finance Committee contains some useful numbers.  I was particularly interested to see their data showing decreased funding to Canada’s federal granting councils. Using constant dollars, the brief spells out that, over [...]

The federal government has launched consultations on EI premium setting. This provides the opportunity to shift from a very ad hoc system to one that is more fair to workers, and more economically rational. The current worker premium is $1.78 per $100 of insured earnings  and the employer premium is $2.49 per $100, adding to [...]

There’s been no shortage of new content on our blog this week. But I write to highlight a couple of interesting reads from other blogs. On The Globe and Mail blog, Andrew Hepburn (formerly of Sprott Asset Management) has a very good op-ed about financial speculation in food commodities. On the CCPA’s Behind the Numbers [...]

The major economic problem faced by Canadians is a very slow recovery and weak job market, not government deficits or rising debt. But public spending cuts at the federal and provincial level will make the real problem even worse. And, government spending cuts in Canada seem set to be even greater than in other advanced [...]

Once again, in the middle of summer, the anti-government government has unleashed more anti-policy policy via a compliant Statistics Canada. Who needs data when you’ve got family values? The Harper team knows what you need. (Hint: tax cuts. Oops! Not for you sister, if you’re a single mom.) The Globe and Mail’s Tavia Grant has [...]

Manufacturing jobs have been declinining as a percentage of total jobs in most OECD countries for several decades, with Ontario being especially hard-hit as a jurisdiction. At the end of the Second World War, manufacturing jobs accounted for 26% of all Canadian jobs; by 2007, this figure had dropped to just 12%. And as I’ve [...]

This article was first published at the Globe and Mail’s Economy Lab. As Parliament resumes after Canada’s historic 41st election, all eyes are on Prime Minister Stephen Harper and how he delivers on his campaign promises of growth and stability. With no encumbrances to its decision-making powers, the Harper majority government will be responsible — [...]

Some progressives worry that the new Conservative majority will dismantle the Canadian state. Hard-nosed economic conservatives like Andrew Coyne and Terry Corcoran worry that the Conservatives will not actually cut government spending. I have suggested that the Harper Conservatives will cut, but not as much as the Chretien Liberals. This debate would benefit from some [...]

The mood in the progressive milieu here in Québec seems rather grim this morning. In Québec history we call the twenty year period when anti-union, right wing populist Duplessis ruled, the “Era of the Great Darkness”, and many by email or on social media have spontaneously referred to the upcoming period in an analogous way. [...]

This 6 minute debate between Michael Hlinka, CBC business correspondent, and myself examines the economic impact of a Harper majority.  It took place early today on Metro Morning, the local morning CBC program in Toronto. It touches on the nature of growth, the distribution of the benefits of growth, the erosion of the foundation of [...]

Throughout the election campaign Stephen Harper claimed the political high ground on the management of the economy. The surprise is that the opposition has pretty much let him get away with this. During the English Language debate the first question focused on $6 billion tax cuts to corporations. Harper said there were no tax cuts [...]

With all the recent news stories — as well as alarm raised by other leaders — about the fiscal and economic impact and record of NDP governments, I decided to take a look at and review the fiscal record of all federal and provincial governments in Canada for the past three decades. These results may [...]

The following appeared in the National Post today. We’re in the last week of a federal election campaign, and every party wants you to believe they’re there for the hardworking families of a middle class under enormous pressure. That’s you, right? The idea of the middle class resonates, because it is a notion we all [...]

Evidence suggests that we all like it long. Mayors of Canada like it long. It helps them prioritize the next transit or water main development. Police like it long. It helps them decide how to recruit, to reflect the changing communities they serve. Medical researchers like it long. It helps them see patterns of disease, [...]

Every party is courting the women’s vote. They are The Undecided – more women than men are still parking their vote. That’s typical of most elections. Women listen for longer, decide later in an election campaign. When the time comes, they will be the kingmakers, if you’ll pardon the term. It leaps to mind because [...]