We’ve got a provincial government in Newfoundland and Labrador that has been budgeting for years to spend more than it brought in.
Way back in the beginning, way before the oil money cut in suddenly and largely unexpectedly, Loyola Sullivan said that people should expect the Conservatives to run deficits annually of half a billion . . . → Read More: The Sir Robert Bond Papers: When the budget comes… #nlpoli
The Conference Board of Canada released a report last week that assessed economic performance in each of the provinces in Canada.
“The resource-driven economies of Alberta, Saskatchewan and Newfoundland and Labrador can boast A+ grades for their economic performance,” read the first sentence of the news release accompanying the report, titled How Canada Performs: Economy. . . . → Read More: The Sir Robert Bond Papers: Always read the large print #nlpoli
It’s the sort of thing that leaps out at you.
As SRBP mentioned on Thursday, in her book Shopping for votes veteran political reporter Susan Delacourt put it in stark terms. Consumer spending has accounted for 60 to 70 percent of American gross domestic product since 1980. In Canada, it’s been more like 52 . . . → Read More: The Sir Robert Bond Papers: The Consumer Economy #nlpoli
A release on Friday from Statistics Canada showed that the provincial economy shrank by almost 5% in 2012. They even supplied a lovely chart to illustrate the GDP changes in each province as well as the national average.
This wasn’t just modest growth or even a modest drop. We are talking one of only two . . . → Read More: The Sir Robert Bond Papers: Annual GDP Change #nlpoli
First, there’s a new post at the Monkey Cage that notes a discussion in economist circles about public discussions of economic subjects: … economics lost communication with policymakers and practitioners leaving room for all sorts of “charlat… . . . → Read More: The Sir Robert Bond Papers: Funny how things come together #nlpoli
Along with population statistics, here’s another one you can bet the current provincial Conservative crowd won’t be holding out quite as enthusiastically as the fabricated version of Bank of Canada’ governor’s remarks they were using until recent… . . . → Read More: The Sir Robert Bond Papers: Experts warn of external threats to recovery
The Telegram’s James Macleod had a decent front page summary of the Harris Centre’s discussion of economic issues facing the province and the subsequent discussion. The CBC has a super short version that is already bumped off the front page of its… . . . → Read More: The Sir Robert Bond Papers: Harris Centre economic forum: the media coverage
The government’s favourite economist is sounding alarm bells about the provincial government’s financial health. The finance minister, on a local talk radio program, sounding stressed as more and more people start talking about what has been obvi… . . . → Read More: The Sir Robert Bond Papers: The looming debt problem
Wade Locke’s been making the rounds of local media in advance of his talk tonight at the Harris Centre of Memorial University. Your humble e-scribbler posted the details of it on Monday. Some quick observations on this Telegram version: There … . . . → Read More: The Sir Robert Bond Papers: Locke warns of financial problems
The value of building permits issued in the province in April fell by 16% compared to the same month in 2010 according to information released on Monday by Statistics Canada. Permits in April 2010 were valued at $94 million and $79 million in April 20… . . . → Read More: The Sir Robert Bond Papers: Building permits down in April