Discover and read the best of Twitter Threads about #cdnecon

Most recents (22)

I’m likely watching tonight’s #elxn43 debate on @CPAC_TV cpacvote2019.ca . With that in mind I made a bit of a list: What I’d like to see discussed for #elxn43

A lot of #cdnecon, and a bit of other policy too.
What I’d like to see discussed for #elxn43
Progressive taxation:
What I’d like to see discussed for #elxn43
Dealing with climate change: chatelaine.com/living/politic…
Read 12 tweets
Quick dive into @StatCan_eng's quarterly population estimates released on Monday.

Series of charts coming... #cdnecon #cdnpoli 🇨🇦👨‍👩‍👦‍👦
@StatCan_eng Let's start with quarterly population change for Q2 2019. Prince Edward Island led the way, clearly due to tourists visiting Anne of Green Gables, falling in love with the place, and remaining.

Overall, Canada grew by 0.5% in the quarter.
@StatCan_eng Year-on-year, Canada grew by 1.4%. Again, PEI led the way. AB, Nunavut and Ontario also above the national average.
Read 11 tweets
Further to the #elxn43 debate about Canada’s fiscal situation, here’s a Friday morning (TGIF!) thread to get your day going. #cdnpoli #cdnecon #canlab
The first thing to note about the Trudeau Government’s spending is how modest it is relative to public perception. Trudeau has been slammed for his ‘reckless’ deficit spending and for increasing taxes on the wealthy. The facts tell a different story. /1
Trudeau inherited a deficit of some $3B. That’s the fiscal baseline. He campaigned on running two consecutive $10 billion deficits with a plan to return to balance by year 4—a promise he broke. Deficit in years 1 & 2 were $19B, year 3 was $15B and year 4 will clock in at $20B. /2
Read 17 tweets
I know we're onto indigenous issues in #firstdebate, and I know Canadians are more concerned these days with climate change than economic prospects, but....
1. None of these three leaders addressed how they would deal with the reality of slowing growth in the #cdnecon. /2
2. How would more public supports (paid for with higher taxes) or balanced budgets (paid by lower levels of support) expand economic potential/activity given dimming prospects for export-led growth, as has been the case for the #cdnecon for the past 30 years? #firstdebate /3
We're entering a whole new world. Never before have we had such a large cohort of Canadians enter retirement years. This opens a unique, historic, unprecedented opportunity to make inclusive growth in the #cdnecon a reality. #firstdebate
/4
Read 10 tweets
Should Canada ban #Huawei from 5G? @brianleecrowley makes the case that “both Huawei’s behaviour and that of its Chinese Communist Party overlords is such that Canada should follow the US, Australia and New Zealand and forbid Huawei’s involvement in 5G.” macdonaldlaurier.ca/canada-ban-hua…
This debate over #Huawei’s involvement in 5G was recently highlighted as part of the @TorontoStar’s ‘The Big Debate’ series. Writing for the other side of the debate was @Stockwell_Day. #cdnpoli #cdnnatsec #cdnfp #cdnecon thestar.com/opinion/contri…
This has attracted the attention of Huawei employees, who are encouraging others (including potentially thousands of fellow employees) on China’s preferred social media platform, WeChat, to vote for the ‘no’ side of the debate. #cdnpoli #cdnfp @binghuiyin
Read 12 tweets
Time to debunk this far right myth making. 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 #elxn43
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 #elxn43
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 #elxn43
Read 21 tweets
Today's data: payroll employment!! 🥳 In April, Alberta saw modest gain of 2k. Now ~58k below pre-recession level. www150.statcan.gc.ca/n1/daily-quoti… #ableg #cdnecon
With nearly five-years having passed since the recession started, it's worth reflecting on the changing composition of jobs in Alberta. Big reductions in oil and gas, construction, manufacturing. Big increases in health/education.
Using a proxy for 'public' vs 'private', it still looks like there's been two full years of little to no gains in private-sector payroll job growth. Disappointing.
Read 8 tweets
THREAD

1/

For those who missed it, @CPC_HQ distributing a “tax guide” to constituents that is blatantly misleading & could cost you $.

Eg 1: they bemoan pollution pricing but don’t mention you can get $300-600 back for family of 4. Facts here: canada.ca/en/revenue-age…

#cdnpoli
2/ If you’re a family, @cpc_hq “tax guide” won’t tell you about Canada Child Benefit. Which means up to ~ $6,500 / $5,500 per year per child.

You register for CCB through CRA and/or as part of your birth registration.

Find out what to do here canada.ca/en/revenue-age… #cdnpoli
3/ If you’re looking to help your child save for education, you’ll want to know about the Canada Learning Bond.

It’s up to $2,000 for low income families who open an RESP.

You won’t find it in the @cpc_hq “tax guide”.

Info here canada.ca/en/employment-…

Don’t miss out #cdnpoli
Read 7 tweets
Today's data: payroll jobs! Alberta ends 2018 with a 3.5k drop in December. Overall, disappointing. I'll highlight a couple things below. www150.statcan.gc.ca/n1/daily-quoti… #cdnecon #ableg
The change by sector reveals large declines in construction, mining oil and gas, retail, etc. But gains in hotel/restaurats, admin, transport, health, etc, partially offset those declines.
Earnings were largely flat (and continue to be higher than any other province). But, for 2018 as a whole there was little change. Another sign of how 2018 had a disappointing pace of recovery.
Read 4 tweets
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
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
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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