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James Laxer

Harper's Christmas Special: The myth of how fortress North America will boost Canadian exports to the U.S.

| December 27, 2010
Columnists

Canada and the new protectionism

When the world plunged into recession in 2008, G20 leaders ostentatiously pledged not to repeat the errors of the 1930s. To hasten economic recovery, they would avoid protectionism and keep trade flowing. Canada's government has been among the loudest voices in this free trade chorus.

This is a gross misreading of actual history. World trade collapsed in the 1930s because of collapsing consumer demand, not protectionism; competitive tariffs were a response to that implosion, not its cause. For the same reason, world trade plunged 12 per cent last year, despite the G20 promises.

Brian Topp

History lessons: Resource management means reclaiming our environmental and fiscal futures

| May 23, 2012
Columnists

Boosting Canadian trade vs. free-trade deals

Harper highlights trade at the Wilson Center. Photo: Embassy of Canada/Flickr

As soon as it won its coveted majority, the Harper government put the pedal to the metal on the trade front, with a stampede of new free-trade deals. The Department of Foreign Affairs and International Trade currently lists 18 different deals in play, ranging from puny (Panama and Jordan) to gargantuan (Europe, Japan and India).

Anyone who stands in the way of this juggernaut clearly must oppose trade in general. At least that's how the Conservatives portray the issue, attempting to brand its New Democratic opponents as economically illiterate dinosaurs.

Columnists

Mulcair and energy McCarthyism

Change in exports by sector

The high-and-mighty vitriol which greeted Tom Mulcair's comments last week about the downside of oil-powered currency appreciation is lamentable (repeating the over-the-top reaction to Dalton McGuinty's similar comments a few weeks ago). Mulcair made two modest and empirically substantiated statements: the loonie is sky-high as a result of the oil boom in Alberta's bitumen sands (I doubt you'd find a single currency trader on Bay Street who would disagree with that), and that overvaluation is causing negative side-effects on other industries and regions in Canada.

Columnists

Who wants 'closer' economic ties with China?

The Prime Minister's trip to China last week sparked a flurry of media coverage regarding prospects for "closer" economic ties between Canada and China. Some even speculated that another free trade agreement is in the works (as soon as the Harper government inks its planned deals, of course, with the EU, India, Korea, and the TPP!).

The pandas are cute, sure. But what are the dimensions of the current economic links between these two economies? Does that relationship benefit average Canadians? And do we want something even "closer"?

Here are a few factoids to throw into that particular discussion:

- Canada imported almost $50 billion in merchandise from China in 2011, almost all manufactured goods.

James Laxer

The Harper government's bogus case for a border deal with the U.S.

| December 7, 2011

The fundamentals are pretty shaky

| October 4, 2011
James Laxer

The Harper government's bogus case for a border deal with the U.S.

| September 26, 2011

Bank of Canada moves to hit the ball

| July 20, 2011
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