Archive for the ‘Economy’ Category

Ahead of Ontario election, The final tale of the tape on job numbers

- June 6th, 2014

Statistics Canada was out this morning with the final jobs report before Ontarians head to the polls next Thursday.

Here, then, are some aggregate numbers on the Liberal record in office so far as jobs go. Choose which one you like to make your preferred political point: Read more…

The Liberal record on job creation by industrial sector

- May 21st, 2014

Today on the Ontario campaign trail, Progressive Conservative Leader Tim Hudak was indicting the Liberal governments of Dalton McGuinty and Kathleen Wynne for letting 300,000 manufacturing jobs disappear on their watch. Now, while I was critical of Hudak and the PCs earlier this week for vastly overstating the number of “out of work” Ontarians, Hudak is pretty much spot-on with this latest number. Since October, 2003, when McGuinty took the reigns for the first time, Ontario has, in fact, seen 314,500 manufacturing jobs disappear. That’s what Statistics Canada says.

I was curious which industrial sectors fared worst or better during the Liberal reign and so I crunched the numbers from Statscan for three time periods: Since the McGuinty liberals first won office in October 2003; since the last Ontario election in Oct 2011 (the McGuinty/Wynne years) and the last 12 months. The most recent month for which data is available is April 2014. Read more…

The wonky math in Tim Hudak’s new “I Want To Work” ad

- May 19th, 2014

This is the latest ad from the Ontario PC Party, which has built its campaign around what it calls its “Million Jobs Plan”. In short, Hudak believes that if Ontarians can leave the PCs in charge in government for the next eight years, the province will end up with 1 million more net new jobs. Western University economist Mike Moffatt has put that promise in context and, in his judgement, believes that that is an “ambitious — but not impossible — target.”

But in this new ad, Hudak is not talking about the million jobs he will create in 8 years. In this ad, he is standing in the legislature at Queen’s Park and and says: “There are 1 million people out of work.” Now I’m assuming that, as this is being released in the midst of an Ontario general election and he made that comment in the Ontario legislature, we ought to interpret what he said as there are 1 million Ontarians out of work. But that’s just not true. Read more…

Are you in Justin Trudeau’s middle class?

- April 2nd, 2014

Justin Trudeau in Question Period

Monday

Ajax, Ont.,

Reporter (Marissa Semkiw): “What income range for individuals and households constitutes middle class?”

Trudeau: “You’d like a number?” Read more…

Housing Bubble? Bunk!

- March 24th, 2014

Is the bursting of a housing bubble in Canada about to blow away the value of your home?
Bunk, says the Conference Board of Canada.
In a report to be released Monday, the Ottawa-based independent think tank says bubble fears are overblown.
That’s an important conclusion not only for homeowners in Canada but also for policy makers in Ottawa. Read more…