Category International

Resource Revenue Retention: New Twists on an Old Idea?

In a post on iPolitics, author and journalist Madelaine Drohan discusses the move by the PQ government in Quebec to embrace the Generations Fund – a sovereign wealth fund created by the Liberal government of Jean Charest in 2006.  The original plan was to invest water power and mining royalties into a fund whose income […]

Carney’s Departure: The Bigger Picture

Well, it has been an exciting couple of days in Canada on the policy side given the juxtaposition of the following news: 1) the federal by-election results suggest a more competitive political environment for the federal Conservatives in the stronghold of Alberta 2) the world-class City of Toronto is deposing its Mayor over a conflict […]

Growing Ontario One Report at a Time

The Conference Board of Canada has chimed in on what ails Ontario and how to get it moving in a recently released report titled Needed: A Comprehensive Growth Strategy for Ontario. The report argues that after rebounding from the 2008-09 recession, Ontario has slipped into tepid growth of around 2 percent annually and needs a […]

We Will Bury You…Eventually?

Few probably recall (I was not even born yet) the November 18, 1956 Western ambassadors reception at the Polish embassy in Moscow where the then Soviet First Secretary of the Communist Party Nikita Krushchev supposedly uttered the famous quote: “We will bury you.”  The actual line apparently was apparently something to the effect of “Whether […]

One of These Countries is Not Like the Others

Given that the Finance Minister is presenting the Federal Fiscal Update today in Fredericton, it is instructive to review some fiscal comparisons right out of the release of the 2012 Federal Fiscal Reference Tables (which in turn used the OECD Economic Outlook May 2012 numbers for the international comparison).  Figure 1 plots the ratio of […]

An Economic Salute to US Presidents!

Well tonight is the next US Presidential debate and what better way to help set the stage than an economic retrospective on American Presidents and their relative performance when it comes to economic growth.  I went onto Eh.Net and have obtained real per capita US GDP in 2005 constant dollars for the period 1790 to […]

Value for Money in Health

The Conference Board is having a Summit on Sustainable Health and Health Care October 30th and 31st in Toronto featuring a plethora of media, industry, health service and academic experts who will focus on the need to refocus the health system “from treating acute illness to preventing and managing chronic disease so governments, healthcare leaders […]

Winter is Coming…

Well, here are some depressing statistics from Banca D’Italia’s recent release on Italy’s economy.

Resources and the Economic Future

Well, it was one of those interesting coincidences.  Natural Resources Minister Joe Oliver unveiled new figures generated by Natural Resources Canada that apparently demonstrate that natural resources account for almost 20 percent of economic activity in Canada.

What’s Up with Carney & Flaherty?

Well, I’m still sifting through my thoughts trying to exactly understand what was behind the corporate “dead money” debate last week.  After a speech to the Canadian Auto Workers, Bank of Canada Governor Mark Carney drew attention to the rising amounts of cash in the bank accounts of Canadian firms and commented to the effect […]