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Photo: Tony Hall/flickr
| April 15, 2014
Photo: Sharon Drummond/flickr
| March 17, 2014
Photo: BC Gov Photos/flickr
| February 17, 2014
Photo: pmwebphotos/flickr
| February 12, 2014
Photo: pmwebphotos/flickr
| February 11, 2014
| December 5, 2013

It's time to rethink corporate tax cuts

Photo: Mayaevening/flickr

Canada's macroeconomy continues to be lethargic at best, and there is growing recognition that the continuing sluggishness of business capital spending since the 2008-09 crisis is a big part of the reason why. Governments are in austerity mode; consumers are maxxed out and cautious about new spending; our exports are restrained by an overvalued dollar and uncertain demand in our key markets. The traditional engine of growth in a capitalist economy is supposed to be business investment -- and vibrant capital spending by companies could help to jump-start all of those other categories of spending (by creating jobs, stimulating more innovative exports, and boosting tax revenues). Business profits and cash flow are healthy -- yet businesses are spending far les

Job variations in Québec, 2013. Source: Institut de la statistique du Québec
| October 15, 2013

A fine balance: GDP growth by sector and the impact of austerity

The second-quarter GDP numbers confirm that Canada's continuing "recovery," such as it is, is still balancing very precariously on a knife-edge between expansion and contraction. The various sources of growth vary widely in their current momentum. The overall net balance is barely positive. And coming austerity in the public sector could very much push the balance into negative territory in coming quarters.


Can Canadians really 'buy into' Mexico?

Photo: Nestlé/flickr

A 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 he trumpeted the coming rise of a confident new middle class.

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