Starting in 2003, Ontario’s real GDP growth dropped below the average in the rest of Canada and it has consistently lagged over the ensuing decade.
While all three party leaders tried to assure us that they are best able to guide us through an uncertain economic world, all missed the fundamental point that Canada is a small open economy.
A new report from the government of Canada, on Canada’s greenhouse gas emissions from 1990 to 2013, is making news. And as usual, the bad news leads.
The idea that we are trapped in a “new normal” of slow economic growth has gained currency with many analysts. Proponents list a number of factors allegedly restraining the trend of growth.
Government is the single most pervasive institution of modern life and its programs are important to our quality of life. While government spending around the world has grown, more and larger government is not always associated with better outcomes.