Economic growth should be a key election topic

Prolonged slow economic growth begets social and political turmoil, as the expectations of many for a better standard of living are frustrated

Economic growth should be a key election topicIn this federal election campaign, the parties have proposed numerous taxpayer-funded programs to address various ostensible social problems. But no major party has made economic growth a significant focus of its election campaign. The social problem areas cited include unaffordable education from preschool to post-secondary, a tax system that’s insufficiently progressive and provides too many…

People with disabilities could boost economy by $50 billion: report

People with disabilities could boost economy by $50 billion: reportCanadians with disabilities are already a large part of the working age population and will increase in importance as the population ages, says a new report by TD Economics. Yet labour market outcomes for these individuals continues to lag. Even moderate success in narrowing gaps between people with disabilities (PWD) and the general population could…

Study urges policy focus on economic growth

Increased economic growth means improved living standards for Canadians, says Fraser Institute author

Study urges policy focus on economic growthAn annual economic growth rate of three per cent would spur about $45,000 in greater per-person Canadian income after 20 years, according to a study released on Thursday by the public policy think-tank the Fraser Institute. The Cost of Slow Economic Growth said that from 2011 to 2018, Canada’s real gross domestic product (GDP –…

Vehicle sales appear to have finally reached bottom

But year-to-date sales are still down 3.8 per cent through the first nine months of this year

Vehicle sales appear to have finally reached bottomAfter a definitive downward trend through the first half of 2019, vehicle sales appear to have reached a bottom in Canada, turning modestly higher in the third quarter, according to a report released on Wednesday by TD Economics.  But the bank, in its Canadian Auto Outlook update, said year-to-date sales are still down 3.8 per…

Canadian economy to continue to struggle

But no recession in sight despite global uncertainty, according to the Conference Board of Canada

Canadian economy to continue to struggleOngoing trade tensions and uncertainty in the global economy are impacting Canadian business investment and household purchasing power, but a recession is not on the horizon in Canada, according to a report released on Monday by the Conference Board of Canada.  The board’s The Canadian Outlook is forecasting real gross domestic product to expand by…

Canadian merchandise trade deficit narrows

Canada's exports rose 1.8% in August, mainly due to an increase in exports of energy products and aircraft

Canadian merchandise trade deficit narrowsCanada’s merchandise trade deficit narrowed from $1.4 billion in July to $955 million in August, according to Statistics Canada. The federal agency said on Friday that Canada's exports rose 1.8 per cent in August, mainly due to an increase in exports of energy products and aircraft. Imports were up 1.0 per cent, mostly on higher…

Alberta boosts crude oil production

Pipelines delivered 8.9 million cubic metres of crude oil to Canadian refineries and upgraders in July, up 15%

Alberta boosts crude oil productionStatistics Canada says the production of crude oil and equivalent products rose in July to the highest level so far this year. In a report released on Friday, the federal agency said production was up 2.2 per cent to 23.2 million cubic metres (145.8 million barrels).  “The increase was attributable primarily to synthetic crude oil…

Singh’s NDP is not my father’s NDP

How the NDP can still be competitive in oil-and-gas rich provinces like Alberta and Saskatchewan when it is devoutly anti-energy is beyond me

Singh’s NDP is not my father’s NDPMy dad, Anthony “Tony” Diotte was a locomotive engineer at Algoma Steel in Sault Ste. Marie, Ont., a long-time executive for his United Transportation Union local as well as a staunch supporter of the NDP until his death in 1994. But I can guarantee you my father would not vote for the federal NDP today.…

Oil/gas extraction sectors decline stalls economic growth

Real gross domestic product was essentially unchanged during July

Oil/gas extraction sectors decline stalls economic growthAfter four months of growth, Canada’s overall economy seems to have taken a breather in July as the oil and gas extraction sector declined. According to a report released on Tuesday by Statistics Canada, real gross domestic product was essentially unchanged during the month. The federal agency said goods-producing industries were down 0.7 per cent…

Canadian consumers aren’t in a spending mood

Canadian consumers aren’t in a spending moodCanadian consumer spending growth has been muted of late despite strong fundamentals in the form of healthy labour markets and low borrowing costs, says a new report by TD Economics. The report by senior economist Brian DePratto, Whither Spending? The Drivers of Lacklustre Canadian Spending, says three key domestic factors are to blame: policy-induced softness…
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