Category Canadian economy

Maybe equalization is working after all

In today’s Globe and Mail, Murray Campbell says that the federal govt’s policy of redistributing tax revenues to the ‘have-not’ provinces is not working (subscription req’d). That may be, but the evidence he provides isn’t particularly convincing. For example, …Ontario’s gross domestic product per capita has dropped to 103 per cent of the national average, […]

Diagnosing Dutch Disease

The Globe and Mail’s Heather Scoffield asks whether or not Canada is suffering from the ‘Dutch disease’: High oil, high dollar and Dutch disease (subscription req'd): The term Dutch disease was coined in the 1970s to describe Holland's experience with the discovery of natural gas in the North Sea. The sudden gas revenue drove up […]