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Change in capacity utilization for Canadian manufacturing from Feb to April. Transportation equipment leads the decline.
Some @accidental_aRt making that chart...
Change in dollar value of manufacturing sales, indexed to Jan 2020, across Canadian provinces. NL and ON lead the way on % changes (ON leads the way in overall dollar decline)
Feb to April % change in manufacturing sales across Canada.
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Blake Shaffer 📊
@bcshaffer
If companies aren’t getting funded because banks think they’re likely to go bankrupt and leave a pile of liabilities behind, maybe those companies shouldn’t be funded.
[1/3]
The answer isn’t to loosen rules; it’s the opposite.

We need *real* liability management reform in AB *now*, including partial bonding and insurance requirements. This will ensure more funds for clean-up and more assurance for lenders. [2/3]

cdhowe.org/public-policy-…
Yes, this will be harder on the smaller, less capitalized co’s. It will lead to more consolidation. That’s a change from AB’s history of Jr’s. The trade off is improved environmental outcomes and lower lending costs. [3/3]

aeaweb.org/articles?id=10…
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Blake Shaffer 📊
@bcshaffer
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
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Blake Shaffer 📊
@bcshaffer
1/ The report cited below is flawed. It is akin to a report finding the UCP cutting spending by 50% would have a devastating effect on public services--regardless of whether that is actual policy.

In short, the report does NOT analyze actual Fed carbon policy.

Let me explain..
2/ The report assesses the cost impact of a $50 carbon tax and assesses the competitiveness effect on energy-intensive trade-exposed industries. It mentions Fed policy includes an “output-based pricing system” to mitigate these concerns, but *excludes* it from the analysis.
3/ Report: “firms make decisions based on marginal costs whereas the OBPS rebate will be a lump-sum transfer and thus will not have much effect at the margin”.

This is wrong. Output-based allocations depend on… output! By their very nature they affect decisions at the margin.
Read 11 tweets

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