The IMF and Progressive Economics in Canada
It is interesting to note that the most recent IMF staff report on Canadian economic issues echoes some key concerns of progressive economists. I have reported these for the Broadbent Institute.
As noted in this summary, the IMF report that corporate Canada’s cash hoard is the biggest in the G7 and has been mainly amassed by energy and mining companies. (This story got picked up by the Globe and Mail.)
And as reported here they more or less endorse the view that linkages from tar sands development to the wider Canadian economy are very under-developed.
The IMF report can be found here.