Monthly Archives: September 2015

Monthly GDP grows but much of the growth paradoxically is in the oil, mining, quarrying and natural gas sector. Outside of the sector growth is very limited.

Posted on September 30, 2015 by haroldchorneyeconomist

Stats Canada has released the July monthly growth figures. They show an overall growth rate of 0.3 %.positive for the second straight month. But it is odd that much of the growth occurred in the oil and gas, mining and … Continue reading →

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Greek elections: Syriza wins again but no longer a radical force for anti austerity

Posted on September 20, 2015 by haroldchorneyeconomist

The latest on line results for the Greek election has Syriza ahead with 1.167 million votes. With 63% of the votes counted shows the formerly anti austerity party Syriza once again winning the largest number of votes, 34.5% and 144 … Continue reading →

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Department of Finance Annual Financial Report, high employment deficits and the state of the Canadian economy

Posted on September 17, 2015 by haroldchorneyeconomist

This week the media was filled with exclamation marks about the fact that the Department of Finance in its Annual financial Report reported a budgetary surplus of $ 1.9 billion rather than the budgeted deficit that had been expected for … Continue reading →

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Poli 463, 2015 course outline: Keynes versus monetarists before and after the crash of 2008.

Posted on September 10, 2015 by haroldchorneyeconomist

Poli 463/2 Government and Business course outline : Keynes versus monetarists before and after the crash of 2008 Prof.Harold Chorney Fall/ 2015 Course overview: This course explores the tools that are necessary to deal with the contemporary global economy and … Continue reading →

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Poli 204/2 2015 Introduction to Canadian Politics course outline

Posted on September 7, 2015 by haroldchorneyeconomist

Poli 204/2 2015 Introduction to Canadian Politics Professor Harold Chorney Course outline H531 Tuesday 2:45 to 5:30 pm Office hours 3:30-5 pm on Thursdays other hours tba. The study of Canadian politics is a complex field which draws upon a … Continue reading →

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Unemployment rate rises to 7.0 % as more people join the labour market in search of work.

Posted on September 4, 2015 by haroldchorneyeconomist

The August job numbers are out. Statistics Canada reports that 54,000 full time new jobs were added but they were largely matched by a loss of 42,000 part time jobs. The net result was to bump up the national unemployment … Continue reading →

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Canada in recession first six months 2015.Decline was widespread affecting manufacturing, housing and business fixed capital formation.June results are positive.

Posted on September 1, 2015 by haroldchorneyeconomist

Statistics Canada has confirmed what many analysts had suspected that Canada suffered from recession in the first six months of 2015. The decline in growth was widespread with manufacturing , business fixed  capital investment and new housing construction as well … Continue reading →

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