Because of falling oil prices. I predicted this about a two years ago. Right here. … and Ontario bounces back. With the lower price of oil and a lower dollar,it was inevitable. And I bet the short pants in the PMO are beginning to regret their short-changing and put-downs of Canada’s most
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The Scott Ross: Penny Wise, World Foolish: Pennies Never Cost A Cent
All the attention focused on how costly it is to make pennies is worth less than any piece of copper. For much of last year the most popular cited reason, the go-to justification for scrapping the penny was that making one costs more than what it’s worth. Simple economics, or
Continue readingOntario Progressive Conservative leader Tim Hudak and party admits Dutch Disease contributes to decline in Ontario jobs.
I was reading through the Ontario Progressive Conservatives White Paper on unions, and I came across a most interesting part. Page 6, emphasis mine, When the Canadian dollar had a low value relative to the American dollar, many Canadian business were slow to increase productivity. For a time they could
Continue readingOntario Progressive Conservative leader Tim Hudak and party admits Dutch Disease contributes to decline in Ontario jobs.
I was reading through the Ontario Progressive Conservatives White Paper on unions, and I came across a most interesting part. Page 6, emphasis mine,When the Canadian dollar had a low value relative to the American dollar, many Canadian business were sl…
Continue readingDeSmogBlog: Republican Ohio Governor Kasich’s Trillion Dollar Shale Gas Lie
kasichshrug2.jpg About the only positive thing you can say about industry-funded astroturf groups is that they at least base their misinformation campaigns on phony “studies” and “reports.” Their lies are based on SOMETHING. The same cannot be said of Republican Ohio Governor John Kasich, who has come up with a
Continue readingPolitics and Entertainment: McGuinty-Redford Dollar-Tar Sands Dance
Wouldn’t a lower Canadian dollar encourage both foreign investment in Canada and investment and saving by Canadians in Canada where purchasing power would be stronger than in a foreign market? And wouldn’t it also make Canadian export goods, no matter which province is their source, more attractive to foreign buyers since they
Continue readingWorld Headlines Review: Switzerland: Swiss Franc -ly Under Attack
Separate reports this week in the Swiss newspaper Neue Zuericher Zeitung (NZZ) are highlighting the difficult choices Switzerland, and by extension other nations, are facing in the continued onslaught of effective currency devaluation by US and Eurozone officials. The Greenback and the Euro have fallen significantly against the Franc and
Continue readingWorld Headlines Review: Seoul G20: Perplexing Conclusion, Clear Result
The conclusion of the most recent G20 summit in Seoul last Friday, hailed as a success for political reasons by attending politicians, was punctuated with the following agreed upon statement: “Uneven growth and widening imbalances are fueling the temptation to diverge from global solutions into uncoordinated action… uncoordinated policy actions
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