PEF home page and weblog
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
â€œI donâ€™t read newspapers, I donâ€™t watch the news.Â I figure, if something important happens, someone will tell me.â€ Justin Trudeau’s surprising confession in a 2001 Globe and Mail essay (“Something I’m Passionate About”, Feb.3) raises three questions: 1) Â does he read newspapers and watch the news now?; 2) if yes, does he read theÂ Report […]
Many Canadians know that the federal government is responsible for funding social services, health care, education and income supports on First Nations reserves. Few people realize that the escalator for these transfer payments has been frozen atÂ 2% per year since 1996, without considerationÂ for population growth or need. According to the Assembly of First Nations, by […]
Statistics Canada is reporting a 0.3% increase in monthly GDP for July, on top of a (downward revised) 0.4% increase in June. This will no doubt spark Conservative politicians, and many economists, to declare that the shallow recession which Canada experienced in the first half of 2015 is already over. As recently as last week, […]
This week Stephen Harper’s Conservatives are trumpeting the announcement of a small surplus ($1.9 billion) for fiscal 2014-15.Â The political symbolism of this “good news” is a welcome change for them from a string of negative economic reports (most importantly, news that Canada slipped into recession in the first half of 2015) that has damaged […]
by: Kaylie Tiessen & David Macdonald Small business taxes made the news last week when, during a CBC interview, federal Liberal leader Justin Trudeau suggested many business owners are using the small business tax rate as a de facto in-country tax shelter. Responding to the interview, Conservative leader Stephen Harper accused Trudeau of taking aim […]
There were surely more people (myself included) watching Statistics Canada’s GDP release at 8:30 am Tuesday, than any other release in recent history! This reflected the political significance of the possibility that an official recession would be confirmed by the numbers, right smack in the middle of an election campaign — all the more so […]
Opinions on deficit budgeting have become a short-hand litmus test in Canadian politics. Deficits are left-wing and balanced budgets are right-wing austerity. Â Economists know that there is virtually no difference between a small surplus and a small deficit, but politicians and voters areÂ a different story. I have spent the past three and half years railing […]
At the big Unifor Canadian Council meeting in Montreal last weekend there was a surprise appearance by a new musical group, called “Stephen Harper and the Senators”, featuring Stephen Harper on guitar and vocals, Patrick Brazeau on drums, Pamela Wallin on bass, and Mike Duffy on lead guitar and general spiritual advising.Â They played a […]
Was there any concrete economic reason for Stephen Harper to callÂ Stephen Poloz yesterday, as global stock markets continued their gyrations?Â And then to have his office subsequently issue a cryptic and rather foreboding statement about the conversation?
Over the past two weeks, Stephen Harper has madeÂ three new housing-related promises on the campaign trail. However, they wonâ€™t help the crisis of affordability. The pattern is familiar: make things worse and prepare to blame others. First, thereâ€™s the promise to allow first-time home buyers with RRSPs to take an extra $10,000 out of their […]
Child care will be a major issue in this federal election campaign. The NDP has pledged to create 370,000 new $15-per-day spaces through joint federal-provincial initiatives by 2017-18, at an estimated cost of around $2 billion per year (growing that to 1 million spaces by 2023). The Liberals have not yet announced their child care […]
The first major election promiseÂ from the federal Conservatives: a permanent home renovation tax credit. On the surface this looks like an astute manoeuvre, given that home renovation has been booming in recent years. Canadian Press calledÂ the proposed credit a “big budget campaign promise,” but on closer inspection it is pretty underwhelming. Estimated at $1.5 billion […]
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 […]
With a document whose very timing, let alone content, was so transparently politicized and manipulative, it’s hard to even know where to start.Â Among the many galling, short-sighted, and ultimately destructive components of this federal budget, here are 5 that stand out in my view:
Posted earlier as an opinion piece for CBC.Â See original post here (this post slightly modified from original) By Louis-Philippe Rochon Follow him on Twitter @Lprochon Much was at stake earlier this week when finance ministers fromÂ G20Â countries met in Istanbul to discuss Greece and the state of the world economy in light of recent […]
Posted by Louis-Philippe Rochon under Austerity, Conservative government, deficits, economic crisis, economic growth, federal budget, Federal elections 2015, financial crisis, fiscal policy, G-20, heterodox economics.
February 15th, 2015