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The Economy
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A Grey Tsunami: Canada’s great retirement wave
The pandemic labour market phenomenon in the U.S. might be the “great resignation” as people quit their jobs in droves. In Canada, it’s more like the “great retirement” as the Boomers make their exit from the workforce.
Dangerous liaisons: Canada’s toxic mix of interest rate hikes and private debt
The combination of rising interest rates and high private debt catapults Canada into the top third most dangerous economic periods since the Second World War. If the Bank of Canada hikes interest rates by 0.5% or more in September, we’d move into second place.
The devil’s crowbar: how the right weaponizes inflation
The brand of turbo-charged capitalism that we call “neoliberalism” arrived in North America on a rising tide of inflation.
The politics of inflation: The good, bad and the ugly
It has been a long, long time since Canadians had to worry about high inflation
Power, profit, and the politics of inflation
The Consumer Price Index (the major measure of inflation) rose 8.1 per cent in June compared to last year—the biggest jump in almost 40 years.
The great unaffordable North
Inflation is coupled with wildfires and loss of infrastructure to create an affordability problem unlike anywhere else in Canada
Inflation and the general ineffectiveness of monetary policy
There is no denying that inflation has become a major economic and political problem, reaching almost double digits in many industrialized countries. Canadians hear about it, and we certainly see it at the pumps and in the grocery stores, with many increasingly struggling to meet their weekly and monthly expenses. The fundamental question that we must ask now is what can our institutions do to bring inflation back down?
The financialization of rental housing in Canada
Canada is experiencing a permanent rental housing affordability crisis, which has only intensified since the COVID-19 pandemic began. At the same time, we’re seeing a greater consolidation of rental housing apartments by financial firms, accelerating the “financialization of rental housing,” a trend underway in Canada since the 1990s.
Cost of food at a crisis level
As we grapple with yet another wave of COVID, the parallel poverty crisis in Toronto has been exacerbated past its breaking point and will have enduring societal impacts.
Rising inflation exposes the gap between the richest and poorest
The rapid rise in inflation in Canada—and around the world—is significantly cutting into household income. Inflation reached 7.7% this May, its highest level since 1983.
What’s so bad about growth?
All of us are trained from an early age to be big fans of growth. We want children to grow. We want flowers to grow. We want gardens and trees and crops to grow. Growth is good, that’s the idea.
Barriers and opportunities: How Canadian activists see degrowth
Degrowth is a social movement and field of research founded on the premise that perpetual economic growth is incompatible with the biophysical limits of our planet.
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