Monthly Archives: July 2008
Paul McCartney is under-rated
Quebec City is celebrating its 400th anniversary this year, and the people organising the festivities managed to persuade Paul McCartney to come and give a free concert on the Plains of Abraham last Sunday night. AND IT WAS FREAKING AWESOME! There were some 250,000 of us out there, and the buzz has yet to die […]
Canadians for Obama
If the images of 200,000-plus Berliners crowding to see Barack Obama seemed surprising to US observers, they shouldn’t have been. Outside the US, it’s hard to imagine why the US presidential election should even be close. Environics: A massive majority of Canadians would like to see Senator Barack Obama win the American presidential election to […]
Canada is facing inflation, not stagflation
In the US and in Europe, there’s good reason to worry about a 1970’s-style oil-price-induced negative supply shock that slows economic growth, but which also puts upward pressure on prices. This is why the Fed and (albeit to a lesser degree) the ECB have such a difficult job these days. The Bank of Canada’s job […]
Canada: A net creditor for the first time in its history
The balance of payments data were revised with the release of the 2008Q1 numbers, and something very important happened back in 2006 – estimates for Canada’s net international investment position went positive: The sharp appreciation of the Canadian dollar during 2007 reduced the value (in CAD terms) of foreign holdings, but the precedent has finally […]
Worthwhile Canadian Initiative 
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