Discover and read the best of Twitter Threads about #cdnecon

Most recents (15)

Some nuance here with the January employment changes: the drop is largely self-employment rather than employees. #ableg
But, and this is perhaps the most concerning graph from me this morning... the "gap" between where AB employment is and where it "needs" to be has increased dramatically, and for prime-age/older workers. Now ~60k. Second recession starting? #cdnecon #ableg
Here's a more detailed look at employment rates by age/sex in Alberta. Young men continue to fall, now ~12.5% below Oct 2014 (when recession started).
Read 5 tweets
I’m all for initiatives that help young people afford homes, but things like this make me skeptical that it’ll actually make a difference or outright fearful. This is going to be a long thread. #cdnecon #cdnpoli 1/n

theglobeandmail.com/canada/article…
First, I find it hard to see how the feds can make this sufficiently targeted. Presumably, you’d want $ to go to people that truly need it, which would exclude all sorts of young people (those with wealthy parents, older millennials that already have home equity, etc) 2/n
So you’d need all sorts of complicated restrictions to ensure just that, meaning increased complexity that hampers effectiveness and the risk of wrongly excluding people that might need support. 3/n
Read 19 tweets
Statistics Canada released some new GHG data today, linking emissions to economic accounts. Allows us to look at GHGs by industry and household sectors.

This calls for some charts.
#cdnecon #cdnpoli
First up. Total GHG emissions by province, 2009 and 2016 (date range of this data). Note: these totals will differ slightly from the National Inventory Account data. Explanation on that here: www150.statcan.gc.ca/n1/daily-quoti…
Now let's "per capita" that data. SK jumps up. AB actually declines (*slightly*) between 2009 and 2016 due to population growth.
Read 12 tweets
Can someone explain to me how immigration being 0.816% of population in 2016, versus a projected 0.824% of population in 2018 an immigration crisis in Canada? Why this @CPC_HQ compulsion to create division and fear among Canadians? #cdnpoli #cdnmedia
All of the numbers for immigration in Canada can be found here: canada.ca/en/immigration…

Here:

canada.ca/en/immigration…

Here:

canada.ca/en/immigration…

Facts matter. #cdnpoli #cdnmedia
Immigration counts for nearly all of Canada's population growth right now, and by 2034 immigration will account for 100% of our net population growth. We require immigration for economic growth, GDP would fall without immigration. Immigration pays for itself. #cdnecon #cdnmedia
Read 6 tweets
Lets look at some @CPC_HQ Income double dippers! For those prudent fiscal warriors who 6 figure salaries aren't enough yet rail against minimum wage increases and basic income pilot projects: Erin O'Toole, Scott Reid, Ted Falk, and David Tilson. @CPC_HQ #cdnpoli #cdnmedia
Hey look, Erin O'Toole currently earns employment with Regent Law Professional Corporation. It must be nice for Erin to be moonlighting while GM in his riding is shuttering operations and 2500 of his constituents are losing jobs! Way to look out for number one. #cdnpoli #cdnecon
Lanark–Frontenac–Kingston @CPC_HQ MP Scott Reid, currently earns employment income as Vice-Chairman of the Board of Giant Tiger Stores, Ltd. I wonder how is relationship with the Ontario PC Party influenced the repeal of Bill 148? #cdnpoli #onpoli

ciec-ccie.parl.gc.ca/EN/PublicRegis…
Read 7 tweets
We need to have a talk about Andrew Scheer's fake middle class act. Andrew Scheer has no concept of what it is like for middle class Canadians. None. @AndrewScheer is the elite of elite in Canada's political class. #cdnpoli #cdnpoli
Let's look at what @AndrewScheer has cost us, through 1) Salary 2) Office Expenses 3) Officer of HOC Expenses. It doesn't include expenses/salary stipends from the @CPC_HQ or benefit costs for Scheer or his family/employees. #cdnpoli #cdnecon
Andrew Scheer has cost Canadians $23,397,488 since becoming an MP in 2004. *This is before expenses for housing at Stornoway or Kingsmere Farm, or the benefits of his luxury accommodations. #cdnpoli #cdnmedia 23 million f**king dollars???
Read 10 tweets
I'm preparing slides for social media workshop for @EDC_Economics next week.

I'll talk about Twitter... so I'm interested in others' experiences with this platform.
...Topic 1: Why do you use Twitter?
- What are the potential benefits?
- Any examples of positive experiences, things you've learned by using Twitter?
..Topic 2: What are your suggestions/general guidelines for new Twitter users?
Read 6 tweets
Do you ever not lie? A #thread about the cloud of bullshit that permanently resides around @AndrewScheer and the @CPC_HQ. The decade of Conservative economic failure. #cdnmedia #cdnecon
Under the Harper Government, after 2006, economic growth declined in every year after 2010 and averaged only 1.7 per cent per year. In the previous nine years under Chretien/Martin, economic growth averaged 3.4 per cent per year. #cdnpoli #cdnecon
As of January 2015: the unemployment rate was higher than at the end of 2008. Labour force participation rate was lower than in 2008. The youth unemployment rate was higher than at the end of 2008. Full-time and manufacturing jobs fell substantially 2008-2015. #cdnpoli #cdnecon
Read 15 tweets
With seemingly significant #NAFTA breakthroughs between the US and Mexico, Canada is increasingly looking like it may be snubbed on NAFTA. Why is this happening? For one thing, Ottawa has not adjusted to the changing game on trade: macdonaldlaurier.ca/canada-must-re…
While any Canadian government would have faced challenges negotiating with this US administration, Ottawa's failure to adjust to the evolving political landscape South of the border means that we aren't blameless #NAFTA #cdnecon #uspoli #cdnpoli macdonaldlaurier.ca/us-canada-trad…
Furthermore, while some may argue that Canada's retaliatory tariffs may have been justified, realistically "there are no sources of economic pain that Canada can inflict on the United States that would not also be much worse for Canada," says @DawsonCanada macdonaldlaurier.ca/u-s-trade-war-…
Read 9 tweets
Thread/rant time. Who is up for a trip down memory lane about the record of the Harper/Scheer government? Let's start with some background with what Harper/Scheer inherited from the Liberals under Chretien/Martin. #cdnpoli #cdnecon @CPC_HQ @liberal_party
The federal debt under the Liberals was reduced by $90 billion from 1993-2006; the debt burden fell from 66.6 per cent in 1994-95 to 31.4 per cent in 2006-07. #cdnpoli #cdnecon
The Liberals implemented a temporary capital tax on large deposit taking institutions, a higher tax on large corporations, a temporary corporate surtax; and higher excise taxes on gasoline and tobacco products. There were ZERO personal tax increases. #cdnpoli #cdnecon
Read 15 tweets
Tomorrow @PeterGHallXIII and I will be discussing the latest results from @ExportDevCanada's Trade Confidence Index (our semi-annual survey of 1,000 Canadian exporters).

In addition to the usual questions on the outlook, we've added #NAFTA, investment, #CPTPP and more. #CdnEcon
...Here's a rundown of the results, starting with a short video by @PeterGHallXIII to tee up the release of @ExportDevCanada's latest Trade Confidence Index #CdnEcon
Key finding 1: Since our last survey, Canadian exporters have become more optimistic about the near-term outlook - due to by higher expected domestic and export sales.
Read 14 tweets
I asked @DanDoctoroff today at eventbrite.ca/e/toronto-towa… what Sidewalk Labs' business model was? How did they plan to make money here?
His answer(s):
#cdnecon
There are five potential sources of revenue for Sidewalk Labs:
1. One will be potentially from development, Sidewalk Labs as "master-enabler, but our role in vertical will be limited. We want to demonstrate *others* can make money". /2
2. Working with Waterfront Toronto and planning, getting approvals for land use, will mean value of property will increase. Sidewalk Labs will get some $ for some of that. /3
Read 13 tweets
Canada is the 10th largest economy in the world, with a fraction of the other economies' populations.
We can build whatever kind of world we want.
#cdnecon
Pharmacare? Child care/early childhood education? Dental care? Post-secondary education? Housing? Public transit? Legal aid? Access to hi speed internet? Basic income?
We can improve any dimension of our lives we choose.
#cdnecon
What we *can't* do, if we want to improve everyone's quality of life, is continue to offer tax cuts. That includes not enforcing existing tax rules/permitting tax evasion.
Tax cuts are sold as "more money in your pocket".
Two things that are misleading about that framing...
Read 11 tweets
Dear any political party
Don't bother preaching tax cuts, debt-reduction through service cuts, as the fast-track to the future or a path to prosperity.
We've had a quarter century social experiment with that.
We're done with that fiscal fantasy.
#TimesUp
#GenderResponsiveBudgets
If you're keen on debt reduction, grow the economy.
If you want more growth, support for women > trade or biz investment.
Women's estimated potential impact on growth (with supports) $150B by 2026. Trade's ~$12B by 2040.
(Thread: )
#cdnecon #cdnpoli #onpoli
Federal #Budget2018 articulated most elements of a plan to increase women's contribution to the economy, but not the next crucial step: a national strategy to improve access to affordable, high quality early childhood education for our kids.
That's why Poloz talked about it y'day
Read 8 tweets
LOL
Businesses raise their prices *without* the minimum wage going up allathetime! #cdnecon
Exhibit A: Tim Horton's raised the price of a cup of coffee in
2011 by 7¢ ("rising prices of coffee beans")
2014 by 10¢ ("rising operations costs", with coffee bean prices and, oh yah, costs of [$11B] Burger King deal identified)
August 2017 by 10¢ ("rising operations costs")
You will note not one of those rising costs were wages.
NONE.
Put price rises in context. Any rising input cost is a rising cost. Period.
Including executive pay and mergers and acquisitions.
Read 17 tweets

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