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The Progressive Economics Forum: L’itinérance au Canada: Sa croissance, les réponses politiques, et le plaidoyer

Le 1er février, j’ai fait une présentation sur l’itinérance adressée aux étudiants du séminaire d’études supérieures de monsieur Steve Pomeroy à la School of Public Policy and Administration à l’Université Carleton. Le thème de ma présentation a été l’émergence de l’itinérance au Canada en tant que domaine politique publique pressant dans les années 1980. J’ai […] . . . → Read More: The Progressive Economics Forum: L’itinérance au Canada: Sa croissance, les réponses politiques, et le plaidoyer

The Progressive Economics Forum: Homelessness in Canada: Its Growth, Policy Responses, and Advocacy

On February 1, I gave a guest presentation on homelessness to a graduate seminar class on housing policy taught by Steve Pomeroy at Carleton University’s School of Public Policy and Administration. The focus of my presentation was the emergence of homelessness in Canada as a pressing public policy area in the 1980s. I discussed the […] . . . → Read More: The Progressive Economics Forum: Homelessness in Canada: Its Growth, Policy Responses, and Advocacy

The Progressive Economics Forum: Too Early to Call Recession Over

Statistics Canada is reporting a 0.3% increase in monthly GDP for July, on top of a (downward revised) 0.4% increase in June. This will no doubt spark Conservative politicians, and many economists, to declare that the shallow recession which Canada experienced in the first half of 2015 is already over.

As recently as last week, . . . → Read More: The Progressive Economics Forum: Too Early to Call Recession Over

The Progressive Economics Forum: GDP Recession a Symptom of Deeper Failures

There were surely more people (myself included) watching Statistics Canada’s GDP release at 8:30 am Tuesday, than any other release in recent history! This reflected the political significance of the possibility that an official recession would be confirmed by the numbers, right smack in the middle of an election campaign — all the more so . . . → Read More: The Progressive Economics Forum: GDP Recession a Symptom of Deeper Failures

The Progressive Economics Forum: Canadian recession will go beyond first half of 2015

Canadian recession will go beyond first half of 2015

Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics

With news of economic turmoil in China and other emerging economies, repercussions for Canada will be quite “atrocious”. Expect the recession to continue beyond the second quarter of 2015.

This raises questions about the supposed . . . → Read More: The Progressive Economics Forum: Canadian recession will go beyond first half of 2015

The Progressive Economics Forum: Canada’s new recession and the push for alternatives

The Bank of Canada today cut its benchmark interest rate two weeks ago to nearly record lows, now just 0.5%. In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk. Today’s move reflects a poverty of economic policy from the ruling . . . → Read More: The Progressive Economics Forum: Canada’s new recession and the push for alternatives

The Cracked Crystal Ball II: On Recession Economies

So, today the Bank of Canada lowered its prime lending rate to 0.5%.  Supposedly, this signals that Canada is sliding into a recession.

Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Canada was going to slide into a recession.  Arguably, if . . . → Read More: The Cracked Crystal Ball II: On Recession Economies

The Cracked Crystal Ball II: On Recession Economies

So, today the Bank of Canada lowered its prime lending rate to 0.5%.  Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Ca… . . . → Read More: The Cracked Crystal Ball II: On Recession Economies

The Progressive Economics Forum: The Deficit Battle and the Economic War

Evidence continues to mount regarding Canada’s lousy economic trajectory, and there is now a pretty broad consensus among Canadian economists that the economy was likely in recession in the first half of the year. That’s not a sure thing, of course: we won’t know until September 1 if second quarter GDP grew or shrank.

Here’s . . . → Read More: The Progressive Economics Forum: The Deficit Battle and the Economic War

The Progressive Economics Forum: Judging the Odds for an “Election Recession”

Canada’s first-quarter GDP report was not just “atrocious,” as predicted by Stephen Poloz. It was downright negative: total real GDP shrank at an annualized rate of 0.6% (fastest pace of decline since the 2008-09 recession). Nominal GDP fell faster (annualized rate of 3%), as deflation took hold across the broader production economy (led, of course, . . . → Read More: The Progressive Economics Forum: Judging the Odds for an “Election Recession”

The Progressive Economics Forum: Is another recession on its way?

Is another recession on its way?

Louis-Philippe Rochon

Associate Professor, Laurentian University

Co-editor, Review of Keynesian Economics

 

Canada’s economy shrank in the first quarter by a whopping 0.6%. Is this the beginning of a new recession?

Recessions of course are defined as two consecutive quarters of negative growth. Now we learn today that Canada’s . . . → Read More: The Progressive Economics Forum: Is another recession on its way?

Progressive Proselytizing: Seniors are not a good reason for doubling TFSA limit

After years of being promised whenever the federal books got balanced, it looks like the next Harper budget is indeed going to double the contribution for Tax Free Savings Accounts. This policy has long been criticized – including by me – for being a p… . . . → Read More: Progressive Proselytizing: Seniors are not a good reason for doubling TFSA limit

Progressive Proselytizing: Seniors are not a good reason for doubling TFSA limit

After years of being promised whenever the federal books got balanced, it looks like the next Harper budget is indeed going to double the contribution for Tax Free Savings Accounts. This policy has long been criticized – including by me – for being a policy that disproportionately provides advantages for the rich. Indeed, the number . . . → Read More: Progressive Proselytizing: Seniors are not a good reason for doubling TFSA limit

The Disaffected Lib: Even the Fraser Institute Can’t Look the Other Way But It Can’t Tell the Truth Either.

There’s a bumper sticker line that could double for the provincial motto of Alberta:  Dear God, Please Give Us One More Oil Boom and, This Time, We Promise We Won’t Piss It Away.Now, with another boom gone bust, Alberta has fallen back into a raging deficit and even the uber-Right Fraser Institute can’t bite . . . → Read More: The Disaffected Lib: Even the Fraser Institute Can’t Look the Other Way But It Can’t Tell the Truth Either.

The Progressive Economics Forum: ROCHON: Harper in closet over the economy as Canada heads toward another recession

This guest blog post has been written by Louis-Philippe Rochon.

You can follow him on Twitter @Lprochon

Harper’s recent incarnation as an anti-terrorist crusader has caught many Canadians by surprise. Harper is spending considerable political energy beating the drums of war against terrorists, and introducing a far-reaching, and much condemned, bill aimed at restricting . . . → Read More: The Progressive Economics Forum: ROCHON: Harper in closet over the economy as Canada heads toward another recession

The Progressive Economics Forum: Rochon Asks: “Is the Canadian economy unraveling?”

In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy.

The link to the blog post is here.

Follow him on Twitter @Lprochon.

The Progressive Economics Forum: Seccareccia on Greece, Austerity and the Eurozone

Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone. What Now?”

The interview can be read here.

The Disaffected Lib: What Neoliberalism Has in Store For You

click to enlarge

From Le Monde, a timely explanation of how disastrous neoliberalism continues to thrive despite an endless string of economic disasters and what it holds in store for you even as you continue to vote for those who practice it.  Hint. Neoliberalism is class warfare and it’s being waged in our own . . . → Read More: The Disaffected Lib: What Neoliberalism Has in Store For You

The Progressive Economics Forum: Indigenous Workers in Canada

Labour market data in Canada is easily available by sex, age, and region. We spend a great deal of time talking about these factors. More recently Statistics Canada made labour market data available on CANSIM by landed immigrant status, going back to 2006. This factor is less often included in most labour market analysis, and . . . → Read More: The Progressive Economics Forum: Indigenous Workers in Canada

CuriosityCat: The Incredible Shrinking Middle Class Jobs

Here’s what really happened in the USA (and Canada?) over the past five or so years: good jobs disappeared and low-paying service jobs replaced them: Nearly half of the new jobs created since 2008 are low-wage jobs, while 80 percent of the jobs destroyed in the government-inflated real-estate bubble were high-wage or medium-wage jobs, . . . → Read More: CuriosityCat: The Incredible Shrinking Middle Class Jobs

The Progressive Economics Forum: Rising Homelessness

In 2010, I wrote a blog post in which I suggested that: a) the recession of 2008-2009 would bring on increased homelessness; and b) there would be a lag effect of roughly three to five years. Indeed, I suggested that it would not be until 2014 until the full effect of the recession is seen . . . → Read More: The Progressive Economics Forum: Rising Homelessness

The Progressive Economics Forum: IWD 2014: The “girl effect” reduces inequality, but Canada can’t coast on that much longer

Every year when International Women’s Day rolls by, I can’t help but reflect on power, how it’s shared, and how women use the power they have. This year, I am struck by women’s power to reduce inequality, and not just to help ourselves. Women are key to reducing income inequality.

It’s been dubbed the girl . . . → Read More: The Progressive Economics Forum: IWD 2014: The “girl effect” reduces inequality, but Canada can’t coast on that much longer

The Progressive Economics Forum: What happened to the recovery?

(The following is slightly adapted from a short piece on page 3 in the new issue of Economy at Work, the quarterly publication I produce for CUPE, which also covers a lot of other relevant issues.)

It’s been a little over four years since Canada’s economy bottomed out in mid 2009. While we didn’t . . . → Read More: The Progressive Economics Forum: What happened to the recovery?

The Political Road Map: Development and Recession: Looking Back To See The Future

Tonight is Friday and while I sit here occupying my time with readings, movies and Youtube, many of you are probably outdoors enjoying the beautiful weather with the company of friends. While outside, I hope you get a chance to look up at the amazing moon, while it isn’t a full moon tonight, it is . . . → Read More: The Political Road Map: Development and Recession: Looking Back To See The Future

The Ranting Canadian: I just saw that today, May 5, is the birthday of Karl Heinrich…

I just saw that today, May 5, is the birthday of Karl Heinrich Marx (1818-1883), the German economist, historian, journalist and philosopher. I post this video in honour of the occasion. It’s a bit silly, and I’m not sure of the intentions of the creators, but I’ve been waiting for an appropriate occasion to . . . → Read More: The Ranting Canadian: I just saw that today, May 5, is the birthday of Karl Heinrich…