Great Recession

CP

Harper's Economic Record Is Sub-Mediocre

Canadians are stuck with $158-billion in new Harper debt -- without much to show for it. There are 160,000 more jobless Canadians today than before Stephen Harper took power. Job quality is at a 25-year low. Household debt is near a record high. Canada's trade deficit this year has topped $13-billion. The Liberal legacy was a decade of balanced budgets, average annual economic growth over three per cent, consistent trade surpluses every month of every year, 3.4-million net new jobs, lower debt, lower taxes, record high Transfer Payments to the provinces. That's what Mr. Harper inherited in 2006. But Mr. Harper blew it.
CP

What, No Champagne?

OTTAWA - Few are noting the occasion, but about now Canada and the rest of the world should be celebrating the third anniversary marking the end of the Great Recession.It was in the third quarter of 2...

Watching the Watchdog: Is Huffpost Killing Democracy?

A former CBC colleague-turned-journalism professor very politely questions the ethics of my writing this column for HuffPost. Surely, he suggests delicately, the internet in general -- and aggregators like HuffPost in particular -- are killing traditional mainstream, general-interest journalism. And, in the process, seriously damaging democracy. My reply...?
AP

What Recovery?

This month, for the first time, President Barack Obama can say more Americans are working than were working on the day he took office (using the more reliable figures for seasonably adjusted numbers). Of course, recovery only to January 2009 levels won't be much of a recovery at all.
Flickr: rick

Canada's Incredible Shrinking Deficit

Good news! Canada's budget deficit is shrinking even before the federal government introduces its budget cuts. There's an important lesson for the whole world from the Canadian experience: the actions a government might take to reduce its deficit -- cutting spending, raising taxes -- can prolong the recession.