Economy and economic indicators

Subscribe to Economy and economic indicators
In the Fall 2016 Monitor, Canadian Centre for Policy Alternatives  (CCPA)Saskatewan’s Simon Enoch penned Getting to Know Brad, introducing Canada’s most popular premier – Brad Wall - to the country. He ran down Wall’s list of “accomplishments”. What made Simon’s analysis so interesting (and at the same time, disheartening) was how Wall has rolled out such a regressive agenda while remaining so popular.  He noted that the rest of Canada needed to pay attention to Wall as he was beta-testing a number of conservative policy experiments that we could see replicated elsewhere.
First published in the Winnipeg Free Press, Dec 6, 2016 Those of us who were hoping that the Throne Speech would have details about a strategy for Manitoba’s North were disappointed.   There seems to be a deliberate effort to not mention the Port of Churchill or the Hudson Bay Rail Line in any mention of the North. The absence is odd given the necessity of both for the regional economy and in the case of Churchill’s deep-water port, Arctic sovereignty.
The instinct of governments across the political spectrum when faced with economic contraction has been to cut public spending as a means to reduce deficits and restore growth. This instinct for austerity is certainly shared by the Saskatchewan government, which has recently announced large spending cuts in health ($63.9 million), education ($8.7 million) and social services ($9.2 million).
A version of this was first published in the Winnipeg Free Press Friday November 25, 2016   If the new provincial government had shown a certain amount of restraint up until now, it seemed much more willing to show its hand in Monday’s Throne Speech.  A few strong messages emerged: public-sector workers are in for a rough ride; there’s going to be a strong push towards privatization on several levels; and there’s nothing concrete for Manitoba’s northern communities. It all adds up to a strong austerity agenda.
Inside this issue: Why corporate power is a problem at the climate crossroads, by Shannon Daub and Bill Carroll New study shows how the media make people climate change cynics — and what they can do differently, by Denise Robbins, Media Matters for America Five LNG whoppers, by Marc Lee Five signs the BC economy is weak and what this means for Budget 2016, by Iglika Ivanova The real reason the BC government is spending $9 billion on Site C, by Ben Parfitt
Industry insiders claim that the Energy East Pipeline will create tens of thousands of jobs across Canada and add tens of billions of dollars to GDP. Our study not only puts these claims into question, it highlights important considerations such as the Social Cost of Carbon, Canada's commitment to fight climate change and the economic viability of heavy crude production under current pricing regimes. The report also explains how Manitoba's ability to develop and expand renewable energy sources offers more potential to create decent jobs and a more sustainable economy.
Under the Paris Agreement, Canada has pledged to reduce its greenhouse gas emissions to 30% below 2005 levels by 2030. This study assesses the consequences of several scenarios of expansion in the oil and gas sector in terms of the amount that the non–oil and gas sectors of the economy would need to reduce emissions to meet Canada’s Paris commitments. It finds Canada cannot meet its global climate commitments while at the same time ramping up oil and gas extraction and building new export pipelines.
(Ottawa) Une nouvelle étude signée par le vétéran géologue et spécialiste des ressources David Hughes conclut que le Canada ne peut respecter ses engagements à l’égard du climat mondial tout en permettant une augmentation de l’extraction du pétrole et du gaz et la construction de nouveaux pipelines d’exportation.

Pages