Economy

Ron and Patty Thomas via Getty Images

Leap Manifesto Sets Sights on a Green Canada by 2050

One could be forgiven for thinking climate change would be at the centre of the election. A decade of gutted environmental laws, unfettered fossil fuel expansion, missed carbon pollution reduction targets and a failure to capture the tangible benefits of shifting to cleaner energy production and use has not only lowered our collective expectations, but put us at the back of the pack globally.
DeanDrobot via Getty Images

What Turkey Hosting the G20 Summit Means to Me

Since gender equality is one of the most important issues in terms of sustainable and healthy growth, Turkey has launched a new engagement group, Women20 (W20), which will concentrate on enhancing the role and increasing the participation of women in business. In addition to gender equality, ensuring women have access to financial assets will form the backbone of global growth.
Ping Foo/Flickr

Nuit Blanche Is a One-Night-Only Affair With Lasting Significance

Nuit Blanche draws criticism -- all answerable. Some say that the event has strayed too far from its original focus on art -- others say that there's too much corporate involvement and focus on cultural tourism. The payback to Toronto is meaningful. I take these concerns seriously. Its impact since 2006 has grown from $1 million to $40.5 million last year, a lot of money flowing into Toronto's economy for just one night.
Shutterstock

In a Stagnant Economy, Spending Is Key to Stimulating Small Businesses

With the confirmation of the Canadian recession by Stats Canada earlier this month and the government's subsequent announcement of a $1.9 billion surplus, spending has become a particular point of interest in our upcoming election. Small business owners, who make up 98 per cent of employer businesses in Canada, will be looking to see which party's proposed spend will have a tangible effect on their bottom lines.
Sergey Galushko via Getty Images

The World Needs a Better Way to Measure the Well-Being of Nations

Simon Kuzents, the economist who developed the GDP measurement, warned it was not a good meter stick for national well-being. Still, that's exactly how the GDP has been used globally since the 1940s. GDP is the total value of all the goods and services a country produces in a year. So, creating jobs and producing equipment to clean up an oil spill, for example, adds to the GDP. As does producing guns and bombs for war. GDP is blind to factors like unemployment, living conditions and environmental degradation. Make sense? Not really. Whether it's genuine progress, national happiness, or a system that blends the best of both, the global community must agree on a more holistic way to measure our nations' progress that doesn't just count the money we make.
susan.k. via Getty Images

It's Time to Talk About a New Vision for Canada's Economy

The federal leaders' debate on the economy focused on important issues but no one talked about a different vision for Canada's economy. A better economic vision would support the right of all Canadians to live in a healthy environment, with access to clean air and water and healthy food. It would respect planetary boundaries and provide the moral imperative to decrease growing income disparities. Businesses would be required to pay for environmental damage they inflict, capital would be more widely distributed and ideas, such as employee shareholder programs with ethically invested stocks, would be the norm.
CP

I Don't Appreciate the NDP's Fight for the Middle Class

As a socialist, I was excited for this election as I hoped the NDP would stretch its wings and become a vocal proponent for the poor, the under-housed, the underemployed, etc.; that they would put front and centre the issues that carry the greatest ethical and moral weight for Canada's society. But no. The party of the little man -- Tommy Douglas's party of mice refusing to be led by cats -- is now courting middle-income Canadians. For me the crisis facing Canadians is not one of an attack on the middle class.
Anadolu Agency via Getty Images

Syrians are One Wave in an Ocean of Refugees

The heart-rending image of Alan Kurdi dead in the sand, as though sleeping peacefully, sparked a global mobilization to aid Syrian refugees. But while they number more than four million, Syrians still only represent one-fifth of the almost 20 million refugees in the world today -- the greatest global refugee population since World War II. While Canadians open their homes and wallets to Syrian refugees, here are some of the others we cannot allow to be forgotten.
CP

My Elderly Mother Has a Few Words of Wisdom for Party Leaders

Election season is heating up. The leaders debate on economic policy is almost upon us. And my mother wants me to say a few things to those who aspire to lead our country. She wants me to say that, as a strong woman who is the mother of a strong woman and grandmother of a strong granddaughter, we need to do better.
Getty

How G20 Leaders Can Foster Youth Entrepreneurship

The G20 Young Entrepreneurs' Alliance Summit in Istanbul, Turkey brought together over 600 inspiring young entrepreneurs, thought leaders and leading entrepreneur-focused organizations from around the globe. Entrepreneurship is one of the key solutions to tackle high youth unemployment.
CP

5 Questions for Federal Leaders on the Economy

The economy is not an abstract concept to be debated like some complex math equation. It is the day to day moments of our life that tell us whether it is safe to dream of something better for ourselves and for our children. The truth is this: on Thursday night, if a party leader does not spell out a serious plan to work with cities and municipalities, then don't be fooled. They don't have a serious plan for jobs and the economy. With that it mind, here are five questions federal political leaders need to answer in Thursday night's debate.
CP

OECD Slashes Canada's Economic Outlook

The OECD has lowered its estimate for Canada's economic growth this year to 1.1 per cent -- down 0.4 of a percentage point -- as weakened conditions in recent months affect many countries around the w...
Nobuo Kawaguchi/Aflo via Getty Images

Canada Needs a Government That Is Focused on Economic Growth

One of the most important steps the Canadian government can take to kickstart the economy is a large-scale program directed at renewing our national infrastructure. It will help drive job creation while generating about $1.60 of GDP for every $1 spent. And it will transform the present value of low interest rates into long-term capital assets underpinning greater Canadian productivity.
CP

This Recession Is Inconvenient for Harper

The worst kept secret regarding the economy was made official today -- Canada is in a recession. There is nothing technical about it; the definition of a recession is relatively straightforward: two consecutive quarters with negative economic growth. The fact that this definition might not be convenient for a sitting government's, which holds itself out as brilliant economic managers, political fortunes is irrelevant. By any objective standard, the Canadian economy is under-performing.
Canada, a G7 country, boasts one of the world's largest economies, ranking 11th in the world by GDP. The country's focus in recent years on resource extraction has had both its good points and bad; good, because high energy and commodity prices kept Canada's economy humming during the economic downturn of recent years; bad, because resource extraction brings with it environmental controversy, such as the one surrounding the Keystone XL Pipeline. How Canada resolves these tensions, and builds an economy for the 21st century, is among the central questions facing the country.