Air Canada has fared much better since its executives abandoned financial engineering in favour of actually running an airline. Real prosperity can't come from buying and selling pieces of paper.
The dip in GDP is what's making the headlines, but there are three other trends in the new data released by StatsCan that suggest the economic slowdown is here to stay.
Today, corporations pay a much smaller portion of their profits to the government thanks not only to tax cuts, but also to an entire taxation regime designed for their benefit.
Needs No Introduction
An event co-sponsored by rabble.ca and the B.C. chapter of the Canadian Centre for Policy Alternatives on August 12, 2014, called "Living Consciously: Reinventing Democracy to Save Canada."
Canada's macroeconomy continues to be lethargic at best, and there is growing recognition that the continuing sluggishness of business capital spending is a big part of the reason why.
The relationship between business taxes and business investment is not nearly as clear-cut as the C. D. Howe Institute argues.