I am still catching my breath from one of the wildest weeks in my life: all the events that culminated in the founding convention last weekend in Toronto of Unifor (formed from the combination of the CAW and the CEP).Â
Read moreA recent investment advice column in the Globe and Mail (by David Milstead, August 3) highlighted some surprising facts about Mexico’s economy. The bullish author suggested Mexico will be a global economic powerhouse in future years thanks to pro-business policy shifts (like the new plan to open up the petroleum sector, 65 years after nationalization, to renewed foreign ownership), and […]
Read moreToday’s Labour Force numbers provide more evidence that Canada’s labour market is still mired in a 3-year funk. Following one year of decent recovery from mid-2009 (the trough of the recession) to mid-2010, driven mostly by extraordinary monetary and fiscal stimulus, further progress has been stalled ever since.
Read moreFurther to my earlier post on the OECD’s new data on employment performance across its 34 member countries (and Canada’s relatively poor ranking in that regard), another part of the OECD Employment Outlook 2013 that is also worth reading in detail is Chapter 2.Â
Read moreThe federal government never tires of boasting that Canada’s labour market has performed better than most other countries through the financial crisis and subsequent recession, and that the number of Canadians working today is greater than it was before the recession hit. That means we have fully recovered from the downturn, and the Tories are good economic managers, right? Wrong.
Read moreI attended a lovely memorial service this week for Hugh Lukin Robinson, long-time labour economist and progressive activist in Ontario who passed away a few months ago at the ripe old age of 96. The memorial service was organized by his family (including his son Michael) at the Park-Hyatt Hotel, and was attended by friends and colleagues from Lukin’s very […]
Read moreThe Institute for Research on Public Policy has published a very interesting overview study on the resuscitation of “industrial policy” in economic policy circles. It points out that industrial policy levers are used widely by countries around the world–despite hypothetical efforts (through trade deals and other institutions) to limit their application.Â
Read moreThere’s a hilarious piece in today’s National Post by Dean Beeby, who cleverly used an access to information request to ferret out a copy of the training manual they use for the summer students who guide tourists around Parliament Hill. Anticipating critical questions about the role of the Senate in our modern-day democracy, the students are primed to highlight its virtue […]
Read moreWith Prime Minister Harper making the diplomatic rounds in Europe, media interest has heightened this week regarding the potential free trade agreement which his government is trying to negotiate with the European Union. Several deadlines to reach that deal have come and gone, but the Conservatives are still heavily committed to reaching a deal as a centrepiece of their economic […]
Read moreI was invited to appear before the House of Commons Industry Committee this week on the subject of Bill C-60, this year’s omnibus budget bill. 18 paragraphs of that long bill describe proposed amendments to the Investment Canada Act, aimed at codifying the policy changes announced by Prime Minister Stephen Harper late last year (in the wake of his government’s […]
Read moreThe following guest post was written by Chris Watson, legislative liaison for CUPE Ontario based in Toronto: In stark contrast to the austerity budget strategy of Don Drummond, Dalton McGuinty and Dwight Duncan, a plan premised on Drummond’s core belief that strong economic growth in Ontario is not possible and should not be the goal of Ontario budget policy, the […]
Read moreIn the hyper-polarized context of Canadian energy policy debates, even suggesting that there might be a downside to the untrammeled energy boom centred in northern Alberta is enough to get you labelled a traitor or an economic illiterate — or both. Conservative political leaders in both Ottawa and Edmonton, backed by energy-friendly think-tanks and the Sun media chain, have tried […]
Read moreThe glaring contrast between employment numbers, and the unemployment rate, was highlighted by today’s labour force numbers from Statistics Canada (capably dissected elsewhere on this blog by Angella MacEwan). Paid employment (ie. employees) declined by 46,000. Total employment (including self-employment) fell by 22,000. Yet the unemployment rate fell to 7% — its lowest level since late 2008. Fewer people were […]
Read moreA special event was held at the Vancouver & District Labour Council last week to commemorate the history and contributions of the Trade Union Research Bureau.
Read moreThe Ontario Nurses Association has been publishing some awesome economic analysis over the last couple of years, highlighting the talents of their new economist & PEF member Salimah Valiani. Apart from a strong analytical & quantitative approach, ONA’s recent research has been very refreshing in the emphasis it has placed on gender analysis and the unique features of caring labour. […]
Read moreI had a good old-fashioned knock-em-down drag-em-out debate with Ian Lee from Carleton University on CBC’s Power & Politics yesterday re C377. http://www.cbc.ca/player/News/Politics/ID/2318279928/ There were a number of “zingers†from Prof. Lee that are worth considering: • He said “hundreds of thousands†of Ontarians have their salaries listed on the government’s sunshine list (reporting salaries of those who earn over […]
Read moreThe federal government’s announcement on Friday that it is approving two more big oilsands takeovers (by China’s CNOOC and Malaysia’s Petronas, both state-owned suitors) was political tap-dancing at its best. Prime Minister Harper’s speech listed several reasons why takeovers by foreign state-owned firms are a problem … but then proceeded to approve $21 billion worth of them. Future takeovers by […]
Read moreErrol Black was a wonderful progressive economist and activist in Manitoba who contributed enormously over the years to our collective knowledge on labour economics, economic development, unions, and more, and was core in founding the Manitoba branch of the CCPA. He passed away on the weekend; here is a very fitting obituary written by his friend and colleague Jim Silver. […]
Read moreThis week’s edition of Embassy newspaper contained a very interesting briefing insert on the Canada-EU CETA talks. Below is a commentary from me critiquing the ubiquitous but unbelievable claim that free-trade with Europe would boost Canada’s GDP by $12 billion, create 80,000 jobs, and life incomes by $1000 per family.
Read moreIt’s been amusing today to listen to the pundits discuss the economic implications of Hurricane Sandy.Â
Read moreI am now finally emerging from the mental fog induced by the 24-7 triennial marathon otherwise known as “CAW major auto bargaining.†To close the circle, here are my thoughts in retrospect on the bargaining: how the union prepared for it, the issues at stake, the contents of the final deal, and the challenges that remain ahead for the CAW […]
Read moreLast month’s over-the-top “celebrations”of the 25th anniversary of Brian Mulroney and Ronald Reagan’s signing of the Canada-U.S. Free Trade Agreement seemed strained, to my mind. The self-congratulation and back-patting struck me as rather overdone, contrived even. Remember, this wasn’t the 25th anniversary of the FTA’s implementation (that won’t occur until Jan. 1 2014). It was only the anniversary of its signing – […]
Read morePosted below is my column from today’s Globe & Mail regarding this nefarious practice of providing “priority lanes” for higher-income customers — even (in the case of airport security screening) for a PUBLIC service that we all pay the same for! And if you wonder why you get so pissed off when the high-flyer jumps the queue, watch this hilarious […]
Read moreThere’s a refreshingly pragmatic and detailed piece in today’s National Post by Peter Spiro questioning the assumed correlation between oil prices and the loonie. It builds nicely on previous discussion of the “oil price-loonie transmission mechanism” that has occurred here and here. Among other salient points, Mr. Spiro points out that: Canadian petroleum exports have grown, but not that dramatically […]
Read moreLast week’s CAW convention in Toronto was one of the most exciting labour events I’ve ever been to.Â
Read moreFor novelty value if nothing else, Mark Carney’s appearance at the CAW convention last week was bound to spark lots of attention. After all, we could find no other historical example of a Bank of Canada Governor ever speaking to a union convention. That says something in and of itself, of course. Central bankers speak to audiences of financial leaders […]
Read moreWith all the predictions of doom and gloom coming from the austerity camp, one would think that Canada was already about to hit the famed (but never seen) “debt wall.” Before we get too carried away, however, with the scary debt stuff, consider these two indicators of the fundamental fiscal fragility/stability of Canadian governments. The first figure shows the net financial […]
Read moreFurther to my recent post on the Ontario PC party’s proposal for right-to-work laws in that province, here is a slightly longer version of my column in today’s Globe and Mail:
Read moreJust in time for Canada Day, the Globe and Mail’s Report on Business issued its annual Top 1000 rankings of the thousand largest publicly traded companies (by assets) in Canada (ranked by profit). I blogged about this last year as well. It’s such an interesting snapshot of Canadian business it’s worth perusing. Once again, this listing reveals the extent to which […]
Read moreIt’s clear we’re going to have to gear up our arguments on right-to-work laws, dues check-off, the Rand Formula, etc. In the last year three mainstream parties have introduced proposals for right-to-work style legal changes in Canada (Brad Wall’s Saskatchewan Party, the Wild Rose Alliance, and now yesterday Tim Hudak’s Ontario PCs). This used to be terrain solely inhabited by the […]
Read more