Canada Economics

The Government Is Pulling Away From Health Care Spending

Livio Di Matteo | Posted 04.08.2014 | Canada Politics
Livio Di Matteo

Expenditures on public health care in Canada appear to be slowing, raising the possibility that the health care cost curve is finally being bent and the system transformed. What does this mean? The economy will eventually recover and relax provincial health expenditure constraints, but federal health transfer growth will be reduced starting in 2017.

Measuring Progress with GDP Is a Gross Mistake

David Suzuki | Posted 02.26.2014 | Canada Business
David Suzuki

Governments, media and much of the public are preoccupied with the economy. That means demands such as those for recognition of First Nations treaty rights and environmental protection are often seen as impediments to the goal of maintaining economic growth. The gross domestic product has become a sacred indicator of well-being. Ask corporate CEOs and politicians how they did last year and they'll refer to the rise or fall of the GDP. It's a strange way to measure either economic or social well-being. Whatever we come up with, it has to be better than GDP with its absurd emphasis on endless growth on a finite planet.

Why Canada Needs a Basic Income Pilot To Reduce Poverty

Jesse Helmer | Posted 02.20.2014 | Canada Politics
Jesse Helmer

The point is not that specific credits or programs should be replaced or specific tax increases should be adopted -- but that it will take change on this scale to introduce a basic income that will make a real difference in terms of poverty. If we are serious about reducing poverty, we must confront these choices head on.

What the TransCanada Pipeline Will Really Cost Us

Carl Duivenvoorden | Posted 04.08.2014 | Canada Business
Carl Duivenvoorden

Because Alberta oil is landlocked and therefore traditionally sold below world prices, it's been suggested that bringing it east will lower energy prices for us. It's probably more realistic to expect that Alberta crude will get more expensive as soon as a pipeline links it to us, and the world market.

When More Cancer Is Good for GDP Growth, We're Measuring Things Wrong

Jim Harris | Posted 02.22.2014 | Canada Business
Jim Harris

Ask any economist and they will tell you that GDP growth is good. So if more people get cancer, that's great, because spending on health care increases. But you don't have to be a rocket scientist to know that more cancer, catastrophe and war are not good.

Coffee's Complicated Relationship With Capitalism

Adam Pesce | Posted 01.23.2014 | Canada Impact
Adam Pesce

The concept of sustainability is not just a feel-good marketing concept; it is both a moral and functional imperative. And so, to make the financial case for paying farmers more is simple: if we don't do it now, there won't be coffee to sell later. To make the humanitarian case for it is just as simple: coffee farmers deserve better.

Canadian Flight Prices Need to Ground

Michel Kelly-Gagnon | Posted 08.23.2013 | Canada Business
Michel Kelly-Gagnon

Perhaps you flew off for holidays this summer. Compare any return flights between pairs of cities in Europe and in Canada, with roughly the same distance, and you'll notice a staggering difference in price. Flying from an airport south of the border is cheaper, too.

Adam Smith Called: He Wants Warning Labels on Gas Pumps

Rob Shirkey | Posted 10.22.2013 | Canada Impact
Rob Shirkey

Our dominant economic paradigm is premised on a worldview that we are self-interested, wealth-maximizing beings that respond like automatons to price signals. I think we're more than that. Our labels engage this part of us and are ultimately more congruent with what we are as human beings.

Financial Advice from Germs

Jason Tetro | Posted 10.03.2013 | Canada Living
Jason Tetro

2012-05-28-GermGuyBanner.jpgThere are a number of human financial gurus working to help you become wealthy, and their advice is based on years if not decades of knowledge and experience. However, there are a number of microbial economic geniuses who have centuries of expertise developing "economic" success. Germs seem to have knowledge to keep economies solid.

Why the Big Three Are Right About Verizon

Michel Kelly-Gagnon | Posted 10.01.2013 | Canada Business
Michel Kelly-Gagnon

At first sight, the reaction of the three big players to Verizon's possible entry onto the Canadian market seems to be another illustration of their tendency to quash competition. A casual observer might be tempted to think that they're trying to secure government protection against a new player that poses a real threat to their market shares. Nothing could be further from the truth.

Why Calgary Should Consider a Winter Stampede Post-Flood

Adrian Brijbassi | Posted 09.07.2013 | Canada Travel
Adrian Brijbassi

The benefits of a winter carnival branded with the Stampede name are massive. Given how close the city was to seeing its biggest tourism event wiped out, having a cushion made of the dollars a second $150-million-plus annual festival would bring in may be worth discussion.

Climate Change Narratives Must Speak to the Public

Sangita Iyer | Posted 08.31.2013 | Canada Politics
Sangita Iyer

Unfortunately, extreme weather events are becoming all too common, as they turn out to be more frequent and furious than ever before. Environmental advocates are quick to point out the "teachable moments" by linking the drastic weather patterns to climate change. However, they need to walk the fine line to ensure that they don't come across as overzealous or self-righteous in their attempts to spur public engagement, as this could turn people off and thwart even their most sincere and genuine efforts.

5 Reasons Price Gouging Should Be Legal (Especially During Disasters)

Peter McCaffrey | Posted 08.24.2013 | Canada
Peter McCaffrey

It's obviously troubling that a small number would use the disaster as an excuse to loot; to violently steal another person's possessions, cause damage and inflict even greater misery on an already suffering community. But is price gouging really at all comparable to looting? I'm disappointed not that price gouging is occurring, but that it's only been isolated.

The World's Highest Potential Resource is Not What You Think

G(irls)20 | Posted 08.14.2013 | Canada
G(irls)20

2013-06-12-blog_girls_20_summit_v01A.png When we talk about natural resources that can drive economic benefit the conversation usually turns to gas and minerals, or sun and wind. What if I were to tell you that the world's most underutilized and highest potential resource is all around us? She may be standing next to you, she may be in a village far away, she may even be you.

Why Do Canadians Still Tolerate Political Scandals?

Gerry Som | Posted 08.13.2013 | Canada
Gerry Som

Last December, I wrote a blog post about my thoughts on how to prevent political scandals in 2013. Yet, I read the newspapers or online news in Canada...

Making Entrepreneurs out of Indian Housewives

G(irls)20 | Posted 08.12.2013 | Canada Impact
G(irls)20

2013-06-12-blog_girls_20_summit_v01A.png I believe that women entrepreneurship will not only give a boost to the economy by increasing the number of employed people and leading towards a more gender-equal growth. Not being financially independent is one of the main factors that prove as a hindrance in self-empowerment of women, especially in patriarchal societies like India.

What if All the G20 Leaders Were Girls?

G(irls)20 | Posted 08.07.2013 | Canada Impact
G(irls)20

2013-06-12-blog_girls_20_summit_v01A.png Imagine the G20 Leaders (Zuma, Obama, Harper, Pena Nieto, Rousseff, Fernandez de Kirchner, Jinping, Keqiang, Yudhoyono, Abe, Geun-hye, Singh, Putin, Erdogan, Merkel, Hollande, Cameron, Letta, Abdullah and Gillard). Open your eyes. Now imagine 20 girls. What you see are the G(irls)20 Summit delegates.

Who Suffers When Minimum Wage Increases?

Yanick Labrie | Posted 05.14.2013 | Canada Business
Yanick Labrie

Empirical studies on the matter carried out here in Canada are unequivocal: Raising the minimum wage leads to increased unemployment, especially among the young, who have less experience and qualifications.

How Mexico's Economy Survived the Slump

Peter Hall | Posted 03.24.2013 | Canada Business
Peter Hall

Few economies escaped the global slowdown in the summer of 2012. Mexico was a rare and notable exception. While marked deterioration in China, India and Brazil grabbed the headlines, Mexico quietly hummed along, generating remarkably smooth growth.

Why Universities Are Teaching "Indovation"

Sam Singh | Posted 02.16.2013 | Canada Business
Sam Singh

A new interdisciplinary research initiative, simply titled the "India Innovation Institute", was launched at the University of Toronto to explore the parameters around innovation in India, with the role played by the diaspora central to its scope of research.

Putting Climate Change in the Budget Now Will Save Lives and Money

David Suzuki | Posted 12.03.2012 | Canada Politics
David Suzuki

The failure of world leaders to act on the critical issue of global warming is often blamed on economic considerations. But let's take a look at the economic reality. A new scientific report concludes that climate change is already costing the world $1.2 trillion a year. It's also killing at least 400,000 people every year.

Protesting the Unnatural Aspects of Our Economy

David Suzuki | Posted 01.18.2012 | Canada Business
David Suzuki

We are sacrificing too much to a system driven by three fallacies: that well-being can only be measured in money, that distribution does not matter, and that the economy can grow forever. And like so many people today, I question whether our economic system is serving the goals that are important to society.

Gross National... Happiness?

Andrew Cooper | Posted 12.03.2011 | Canada
Andrew Cooper

As a big idea, happiness needs to be taken seriously. As many civil society groups recognize, privileging happiness helps fill a missing "human" gap between the organizational objectives they are advocating and the needs of people on the ground.

Stand Up For Canada's Seniors

Irene Mathyssen, MP | Posted 11.24.2011 | Canada
Irene Mathyssen, MP

I was honoured to have been named the Official Opposition Critic for Seniors Issues in Canada's 41st Parliament. We owe so much to the women and men w...

Canada Could Stumble Into Recession Amid Economic Headwinds

CP | Julian Beltrame, The Canadian Press | Posted 11.13.2011 | Canada Business

OTTAWA - Canada could be the first economically advanced country to stumble into another recession, the Bank of Nova Scotia says in one of the more st...