But the subject has not gripped the hearts and minds of most Canadians. |
Canada has recorded a remarkably bad productivity performance. Productivity has been tepid in terms of absolute growth rates and relative to the growth and levels recorded in other major economies. If this continues it will threaten the standard of living of Canadians. |
He did a very good job as finance minister in Ontario. He's a very strong candidate for that position. |
I don't think they have the financial wherewithal to do both. |
I think we have become insane with the attention we put on single indicators. The problem here is not Statistics Canada. The problem is how people use the survey. |
If Finance was convinced it was a problem -- and it was being driven by inadequacy of the tax system -- it should have been dealt with couple of years ago, |
If the economy continues running at a rapid pace, the Bank of Canada has to raise interest rates further. Yields will go up as people expect the Bank of Canada may go more than just one more time. |
Industrial policy too often amounts to taxing the winners to subsidize the losers. |
It can afford to pause. |
It wouldn't be unfair to say that not only is the horse out of the barn but Finance has no idea where the horse has gone. |
Ontario is not growing as fast as other areas. Is it appropriate to blame that on equalization? I would say no, |
So far the inflation side has performed well, but we know there are lags between capacity pressures and inflation, so we have to worry about that. |
That will reduce inflation pressures. |
That's not quite as forthcoming as B.C. and Manitoba were, but I read that as still they're likely to do it - again provided the Conservative federal government follows through. |
That's not to say it's not worthwhile. |