The aerospace and defense industry is one of the few sectors in manufacturing that is currently not only surviving but thriving amid the recession, despite the grim predictions for job losses and bankruptcies among other Canadian manufacturers, plummeting oil prices,… Read more »
EI and Bankruptcy Filings Dramatically Increasing
The number of Canadians filing for bankruptcy and unemployment benefits rose significantly in January, according to new numbers released Tuesday by The Office of the Superintendent of Bankruptcy Canada. More than 117,000 Canadians filed for bankruptcy over the period of… Read more »
Chrysler Threatens Shutdown of Canadian Operations
Last week’s threat by Chrysler to close Canadian plants if it doesn’t win big concessions from the CAW is possibly one the most troubling announcements since the beginning of the auto industry meltdown. Tom LaSorda, Chrysler president, said the company… Read more »
SR&ED – Essential To Canadian Manufacturers
The current economic recession has proven to hit even harder than many economists anticipated. An estimated 129,000 Canadians lost their jobs in January alone, of which Statistics Canada reports that Ontario workers lost a staggering 71,000. Alberta, once a thriving,… Read more »
Helping the Canadian Economy through Increased Literacy
A short while back, Heather Reisman (President and CEO of Indigo books) was interviewed on The Hour, and brought up a couple of points that piqued my interest. According to Reisman, 40% adult Canadians functionally illiterate That 40% of Canadian… Read more »
A Look at 2008 Holiday Season Sales
Stores opened even before the crack of dawn, but many Boxing Day shoppers were lining up as early as the night before, some admittedly even forsaking Christmas dinners to be first in line and take advantage of the savings. As… Read more »
Economist Scales Back Dread Meter
Things may seem bleak at the present; however, the Canadian economy will eventually recover. Dungan and Steve Murphy at the Policy and Economic Analysis Program expect that the Canadian governnment will run deficits for a few years and they urge Ottawa not to repeat… Read more »
Inflation or Deflation- What Will be the Ultimate Outcome?
Economists really do not have a consensus as to what will happen in the next little while. At the moment, they cannot agree whether inflation or deflation is the bigger threat. Deflationists believe that the cooling economy will lead to… Read more »
Increasing Government Spending Will Stimulate the Economy
Keynesian Economics, or “The New Economics,” holds that governments should vary taxes and spending to offset both rising inflation and staggering output. Free-marketers argue that the cost of periodic crashes is worth it, in order to preserve the freedom of… Read more »