The Economist says that economic expansions, like the decade-long one that we have enjoyed, "are most often killed off by rising interest rates or financial crashes—surprises that cause economy-wide demand for goods and services to fall. Rarer is the supply-side recession in which economies are deprived of their productive capacity. Not since the oil-price shocks … Continue reading Prognostications (2)
Remember just a couple of months ago? The mainstream media, in the summer and, especially during the election campaign in September, when the Globe and Mail said "with an economy that’s generally healthier than how he found it, despite large deficits, Mr. Trudeau can still craft a message of stability and prosperity for the “middle … Continue reading The Throne Speech
So, the new Trudeau cabinet is here: Chrystia Freeland becomes Deputy Prime Minister and Minister of Intergovernmental Affairs; and then, in alphabetical order Anita Anand, a new entry to cabinet, becomes Minister of Public Services and Procurement; Navdeep Bains becomes Minister of Innovation, Science and Industry; Carolyn Bennett remains Minister of Crown-Indigenous Relations; Marie-Claude Bibeau remains … Continue reading Disappointing, but I wish them well
Later today (and I will have comments tomorrow) Prime Minister Justin Trudeau will unveil his cabinet. In an item on the CBC News website, TV host Vassy Kapelos explains some of the challenges of cabinet making in Canada. She talked with a couple of political veterans who both agreed that life is more complicated than … Continue reading Cabinet making.
David Rosenberg, who is the chief economist at Gluskin Sheff + Associates, says, in an opinion piece in the Globe and Mail, that "It is hard to believe, based on the country’s economic record of the past four years, that Canadians opted for four more years of centre-left policies. At the margin, with the NDP … Continue reading A bit of a farce
I see in the most recent Maclean's magazine that Paul Wells is as conflicted as many of us. He explains that Justin Trudeau has no sane plan to manage Canada's economy but he also says that Andrew Scheer is ignoring climate change. He concludes that "It would be nice to have a government that takes … Continue reading Not so fast … Paul Wells is wrong
Chris Hall, writing for CBC News, says that "The Federal Court of Appeal gave its approval this week to a handful of Indigenous communities along the route that argued the government had failed — again — to properly consult them ... [and] ... While that decision might not come as a huge surprise to anyone who … Continue reading Playing politics with pipelines