Paul Krugman’s column on the apparent disconnect between high profits and low investment (as ever, the indispensable Mark Thoma provides the reference) has a bit of déjà vu for Canadian readers: haven’t we seen this before? But more fundamentally, I don’t see why we should expect that there should be a stable relationship between current […]
Bank of Canada Governor David Dodge will not seek second term: Governor David Dodge has informed the Bank of Canada’s Board of Directors and the Minister of Finance that he will not seek a second term as Governor. While Governor Dodge’s term continues until 31 January 2008, he indicated he is making his plans known […]
The spectre of economic nationalism has returned: foreigners are buying up Canadian-controlled firms. Oh my! Some reasons why we should still sleep soundly: – Foreign ownership is a good thing: ‘Foreign-controlled plants are more productive than domestic-controlled plants. Foreign-controlled plants and firms are also more innovative, more R&D intensive and use more advanced technologies.’ – […]
…is right here. Go read it.
When the Bank of Canada increased its target for the overnight rate to 4.25% last May, it indicated that the target was going to stay there for some time. The time may be coming soon – CPI core inflation has been above 2% for several months now: It’s unlikely that the Bank will increase interest […]
Andrew Jackson says: I’ve argued for years, with much of the left, that average worker pay has lagged productivity growth mainly because of the increased bargaining power of capital vis a vis labour due to “globalization”, attacks on unions etc etc. There’s another explanation. It turns out that the way real wages are measured – […]
Jim Stanford’s column ($ link) (update: free version here) in today’s Globe and Mail makes a surprising claim: Everyone knows globalization is an irresistible worldwide process enveloping every economy, including Canada’s, in its market-driven tentacles. Right? Wrong. In fact, since 2000, Canada’s economy has been curiously de-globalizing before our eyes. The importance of global markets […]
The Economist reports on a study by the IMF (32-page pdf) that attempts to explain how and why labour’s share of income has been decreasing over the past couple of decades: There’s one factor that they don’t seem to have examined: demographics. One of the implications of an aging population is an increase in the […]
Increases in the time it takes to get to work have changed the behaviour of commuters. No, they’re not changing their driving habits; they’ve simply figured out better ways of using the time they spend in traffic: Rather than carpool, drivers adapt to gridlock: analyst. Drivers are getting more cozy in their fully equipped cars […]
A chart from this story in The Economist: Spot the missing G-7 country. Its population is roughly the same as the top five countries put together; the vast majority of which are able to read English. Hint: it’s not Chad.
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