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in his own words

Fight like the Greeks

After months of proclaiming all was good in the Canadian economy, Finance Minister Jim Flaherty announced at the start of October that "boom times are over."

The Harper government has spent the past two years arguing that Canada was a model for escaping the depth of the recession that has hit Europe and the U.S. so hard.

Now the Tories, after claiming that they had steered Canada through a recession, are speculating that they might have to continue stimulus funding to keep the economy from sinking.

But the talk of a robust recovery conceals the reality of what workers in Canada have already suffered through for the past several years.

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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.

Canadian Auto Workers
March 28, 2012 |
The federal government seems determined to sign as many trade deals as possible, regardless of the impact on the Canadian economy and Canadian jobs
Columnists

'Buy Canadian' and upstream supply chain as sector development strategy

Trade deficit, Mining/Construction Equipment

My recent column suggested that Canada implement a "Buy Canadian" strategy associated with major natural resource developments, with the goal of enhancing Canadian content in the overall value chain. Can we utilize our strong foothold in resource extraction, and try to leverage greater investment and value-added upstream in the value chain (for example, by stimulating more purchases of Canadian-made mining equipment)?

Columnists

A national 'Buy Canadian' strategy for resource developments

How refreshing it was to open Monday's Globe and Mail and actually see good news from the Canadian manufacturing heartland. Greg Keenan reported on the expansion of Hitachi's factory in Guelph, Ont., that makes enormous trucks for mining operations; the plant is doubling output and employment.

United Steelworkers
March 7, 2012 |
Policy-wise, we desperately need a conversation about the pace and scale of the tarsands industry, not just on environmental grounds, but on economic grounds as well.
James Laxer

The myth of American resilience

| February 20, 2012
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.

Columnists

What CETA would mean for Canada's auto industry

Canadian free trade negotiators are going all-out to get a deal with the EU on a new free trade agreement. The Harper government wants a deal badly for largely symbolic and ideological purposes, to show that the free trade agenda is back on track under this "stable majority government." Many valid concerns have been raised about the implications of a deal on pharmaceutical costs, on public procurement, and more. What would a Canada-EU deal mean for the auto industry? Here are a few summary points:

- Canada's auto industry would be especially hard hit by a free trade deal with Europe.

- Europe sells billions of dollars of auto products in Canada, but buys virtually nothing back from the Canadian auto industry.

Columnists

Profile of displaced workers

There's an interesting new research report from Statistics Canada, by Ping Ching Winnie Chan, Rene Morissette, and Marc Frenette, profiling the workers who were displaced in the recent recession, and comparing the outcomes to previous recessions in earlier decades (the downturns of the early 1980s and 1990s). Workers Laid Off During the Last Three Recessions is part of StatsCan's Analytical Studies series.

I haven't been through the report in detail and can't comment on the methodology, but here are some of the interesting (and often surprising) findings:

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