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The Progressive Economics Forum: Grocery Wars: Lessons from Canada’s Changing Retail Landscape

As Target Canada tumbled into bankruptcy, Loblaw announced that its fourth-quarter profits more than doubled. What can be learned from this tale of two retailers?

The main reason for Loblaw’s surge was its acquisition of Shoppers Drug Mart last March, which turned it into Canada’s largest grocer and pharmacy chain. Shoppers contributed $3 billion to . . . → Read More: The Progressive Economics Forum: Grocery Wars: Lessons from Canada’s Changing Retail Landscape

The Progressive Economics Forum: Louis-Philippe Rochon’s Top 10 Economic Predictions for 2015

Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.”

The post is available here.

The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 4: Bernard Vallageas

What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas.

This is Part 4 of 5 sequential blog entries.

Bernard Vallageas Vice-président de l’Association pour le Développement . . . → Read More: The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 4: Bernard Vallageas

The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 3: Mario Seccareccia

What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas.

This is Part 3 of 3 consecutive blog entries.

Mario Seccareccia Professor of Economics, University . . . → Read More: The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 3: Mario Seccareccia

The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 2: Louis-Philippe Rochon

What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas.

This is Part 2 of 3 consecutive blog entries.

Louis-Philippe Rochon Associate Professor of . . . → Read More: The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 2: Louis-Philippe Rochon

The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 1: Marc Lavoie

What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon, Mario Seccareccia, Slim Thabet and Bernard Vallageas.

Parts 2 and 3 will follow in subsequent blog posts.

Marc Lavoie Professor of Economics, University of . . . → Read More: The Progressive Economics Forum: What Have we Learned From the Financial Crisis? Part 1: Marc Lavoie

The Progressive Economics Forum: Canada’s Luxury Index is through the roof

Numbers season is over but good inequality data is still missing. January sees us regularly bombarded with a whole range of economic statistics about the previous year. GDP growth: likely 1.7%, low but looking brighter for next year. Unemployment: 7.2%, low but lots of workers leaving the job market altogether as the employment rate stagnates. . . . → Read More: The Progressive Economics Forum: Canada’s Luxury Index is through the roof

The Progressive Economics Forum: Black Friday GDP: Consumption Slows, But Inventories Jump

Ironically, Statistics Canada’s third-quarter GDP report on Black Friday showed the growth rate of consumption being cut in half. Final consumption expenditure grew by 0.4% in the third quarter compared to 0.8% in the second quarter.

Household spending growth fell to 0.6% from 0.9%. Government consumption growth plummeted to 0.1% from 0.4%. In other words, . . . → Read More: The Progressive Economics Forum: Black Friday GDP: Consumption Slows, But Inventories Jump

The Progressive Economics Forum: GDP: Consumers to the Rescue

Following positive GDP numbers in April and May, Statistics Canada reported today that a sharp drop in June dragged Canada’s economic growth to a mediocre pace of 0.4% for the second quarter.

June’s declines in manufacturing and resource extraction did further damage to industries that had declined in April and May. Construction also declined in . . . → Read More: The Progressive Economics Forum: GDP: Consumers to the Rescue

Things Are Good: Ideas to Get Consumers to Buy Sustainable Products

Every year more sustainably produced products hit store shelves yet consumer uptake on these products isn’t as strong as it should be. Sure, there are increasing sales overall but the amount of people who are buying environmentally-concious products isn’t increasing at a fast enough rate.Over at Fast CoExist a writer proposes six ways to convince . . . → Read More: Things Are Good: Ideas to Get Consumers to Buy Sustainable Products

The Canadian Progressive: Keystone XL Tar Sands Pipeline Raises American Gas Prices: Report

If built, TransCanada’s proposed Keystone XL pipeline would force Americans to pay as much as 40 cents more per gallon for gasoline in some parts of the country, according to a new report by the nonprofit Consumer Watchdog.

The post Keystone XL Tar Sands Pipeline Raises American Gas Prices: Report appeared first . . . → Read More: The Canadian Progressive: Keystone XL Tar Sands Pipeline Raises American Gas Prices: Report

The Progressive Economics Forum: Boost the Minimum Wage, Boost the Economy

A version of this article appeared today in the Globe and Mail’s Economy Lab.

(This version includes references to the debate plus charts and graphs from data specially tabulated from Statistics Canada’s Labour Force Survey. The data don’t include the self-employed.)

President Obama put the idea of raising the minimum wage on the radar in . . . → Read More: The Progressive Economics Forum: Boost the Minimum Wage, Boost the Economy

Walking Turcot Yards: The Geography of the Supermarket

“What is a greater wonder is that almost 40 percent of our food supply is wasted, a significant jump from the first time the figure was measured, which stood at 28 percent in 1974.”

Makes me wonder how much marketing helps create that waste? It’s ironic that our desires and needs are so easily manipulated, . . . → Read More: Walking Turcot Yards: The Geography of the Supermarket

The Scott Ross: Opposing Supply Management & Economic Principles

While supply management is bad for our economy, the discussion around it has at least managed to supply how the majority who oppose it are intellectually dishonest.

For the Conservatives, libertarians, Liberals, and the like who are now so vocal in their opposition to supply management, a relatively minor economic program, one must wonder where . . . → Read More: The Scott Ross: Opposing Supply Management & Economic Principles

The Progressive Economics Forum: The Loonie’s Stagnant Purchasing Power

The following note also appears on Business Insider. I owe Paul Tulloch a hat tip for reminding me of these issues in a good comment on my last post.

When Ontario’s Premier recently complained that Canada’s petro-dollar undermines manufacturing exports, many economists tripped over each other to counter that a strong loonie benefits all Canadians . . . → Read More: The Progressive Economics Forum: The Loonie’s Stagnant Purchasing Power