Category Archives: Canada

The electoral swingometer returns to Quebec

The late Robert Mackenzie a Canadian political scientist who made his career in London introduced a cute technique for measuring the liklihood of a given constituency falling into a different party’s hands on election day. So if the swing from … Continue reading

Posted in Canada, Québec, Québec election | Tagged , , | Leave a comment

How long will inflation stay low ? Have we entered a new age of low inflation , slower growth and sluggish employment ?

The question on many people’s minds in the financial and futures markets is all about judging the future inflation rate. Inflation has not been a problem for most of the past decade and certainly not a problem since the crash … Continue reading

Posted in business cycles, Canada, European unemployment, fiscal policy, J.M.Keynes, Milton Friedman and NAIRU, monetary policy, U.S., Uncategorized, unemployment | Tagged , , , | 2 Comments

Unemployment Rises in Canada, falls in U.S. but weak numbers in both countries suggest possible slow down

Statistics Canada and the U.S. bureau of labour statistics published their December unemployment numbers and there are signs of potential trouble in both sets of numbers. The unemployment rate rose in Canada to 7.2% and fell in the U.S. to … Continue reading

Posted in austerity, Canada, Federal Reserve, fiscal policy, full employment, government shut down+debt ceiling U.S., monetary policy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

Demographic slowdown in U.S. may be one of the causes of the deep recession and slow recovery

First of all a healthy and happy New Year to everyone. With any luck and some good policies this year should be more prosperous for more people than 2013.  We are beginning the sixth year since the crash and financial … Continue reading

Posted in business cycles, Canada, fiscal policy, Keynesian multiplier, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

The Federal byelections: Liberals may win 3 of the 4 in close races.

The counting is not complete but so far the Conservatives have won only Provencher, essentially a safe Tory seat but in the three other ridings they look like they will be soundly defeated in Bourassa and Toronto Centre where the … Continue reading

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Washington coming to its senses ? Canadian unemployment falls to 6.9 %. Alice Munroe wins Nobel Prize for literature

Amazingly the the government shutdown in the U.S. which began October 1, 2013 continues despite some serious efforts at negotiating an end to it, the restoration of services and a short term six week respite on the debt ceiling deadline … Continue reading

Posted in Canada, deficit hysteria, full employment, government shut down+debt ceiling U.S., U.S., Uncategorized, urban culture | Tagged | Leave a comment

U.S unemployment rises slightly to 7.6% Canada falls slightly to 7.1%

The American economy created 175000 net new jobs in May as unemployment rose very slightly to 7.6%. The broad measure of unemployment U6 fell slightly to 13.8 % from 13.9% last month.In Canada employment rose by 95000 and the unemployment … Continue reading

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Canadian employment falls by 21,900 but headline unemployment rate falls to 7.0 %

Statistics Canada has released its latest Labour force survey for the month of January. It shows that unemployment has fallen to 7.0 % but there are 21,900 fewer people employed and the fall in the headline rate is due to … Continue reading

Posted in Alberta, austerity, business cycles, Canada, fiscal policy, full employment, J.M.Keynes, labour market clearing, monetary policy, Québec, Uncategorized, unemployment | Tagged , , | 1 Comment

Mark Carney chosen to head the Bank of England: Bold Decision Big Challenges Ahead

The Decision of the British government to appoint the Canadian central banker Mark Carney as the new Governor of the Bank of England , the crown jewel of central banks, is a bold decision by Chancellor George Osborne and PM … Continue reading

Posted in austerity, Canada, European debt crisis, European unemployment, fiscal policy, monetary policy, quantitative easing, treasury view, U.K. economy, Uncategorized, unemployment | Tagged , , | Leave a comment

U.S. Unemployment drops to 7.8%. excellent news, Obama on right track;Canadian unemployment rises.

The U.S. Bureau of Labour Statistics has released the latest unemployment numbers for September and they are good ones. They show a long awaited (and as I have been arguing) fall in the unemployment rate to below 8 % , … Continue reading

Posted in austerity, Canada, classical economics, deficit hysteria, deficits and debt, full employment, labour market clearing, Uncategorized | Tagged , | Leave a comment