Tag Archive: recession

BC employment holds steady in August but anemic private sector hiring is a sign of economic weakness

Sep 4, 2015
Canada is officially in a recession and while BC is expected to sail through it relatively unscathed, the projected modest GDP growth performance does not seem to be translating into job gains for British Columbians. Statistics Canada’s latest job numbers show BC created 3,100 jobs in August, which represents a gain of one tenth of one percent in… View Article

Early indicators of how the recession has hit BC’s poor

May 29, 2010
Just wanted to draw readers’ attention to a great op-ed piece in The Province newspaper this past Thursday: “Recession slammed BC’s poor; and it’s not over,” by Chandra Pasma. Chandra is a policy analyst with Citizens for Public Justice (a faith-based social justice group), and author of a recent report entitled Bearing the Brunt: How… View Article

In defense of the stimulus

Mar 25, 2010
Earlier this week, the Fraser Institute published a controversial report which argued that the government stimulus did not do much for economic growth in the last two quarters of 2009, suggesting that government spending on infrastructure was useless. While their analysis suffers from serious shortcomings, which I outlined in a previous blog post here, their… View Article

The role of stimulus spending in the recovery

Mar 24, 2010
Yesterday, the Fraser Institute published a new report, which argues that the government stimulus did not drive Canadian economic growth in the last two quarters of 2009, suggesting that government spending on infrastructure was useless for the economy. The report earned the scorn of Federal Finance Minister Jim Flaherty, who called it “poorly done and it’s… View Article

Is it time to stop worrying about the economy?

Feb 22, 2010
If you read the papers in this province, you’d think BC had long forgotten about the recession. Every bit of economic good news is trumpeted enthusiastically, from small increases in employment to the latest growth forecast released by private sector economists. Yet economic forecasting is a notoriously difficult business. Just a year ago, we saw… View Article

New Brunswick Plans for a $10 Minimum Wage

Jan 6, 2010
On January 5, New Brunswick’s provincial government announced plans to increase their minimum wage from the current $8.25 per hour to $10 over the next two years. The move has gotten surprisingly little coverage in the mainstream media out West so far, but I urge you to check out this excellent article on the Times… View Article

Vancouver City Budget Woes: Are the Cuts Really Necessary?

Dec 3, 2009
In this round of municipal budgeting, the city of Vancouver finds itself in exactly the same predicament as the federal and provincial governments faced earlier in the year – projected revenues would not be sufficient to meet their rising expenditures. The big difference is that municipal governments are prohibited by law from running a deficit…. View Article