RBC Manufacturing Index Shows Lowest Level Since It Started

Last week RBC announced that its Canadian Manufacturing PMI (Purchasing Managers’ Index) had hit a new low in September. The index, based on a survey of manufacturers, found employment and new business were both falling.

Higher productivity no longer guarantees wage gains

A recent article in the International Productivity Monitor calls into question the assumption that higher productivity means higher wages.

Since 1981, gains in productivity have not been matched by wage gains. Had wages kept pace with productivity, the average worker would be taking home an extra $9,540 a year.

Claims about job losses when minimum wage rises exaggerated

Based on evidence presented in a recent article in the Edmonton Journal claims about job losses when the minimum wage is increased are exaggerated.  

Ontario study shows consequences of laissez faire approach

While the focus was on changes to employment standards legislation, a recent CCPA study and Toronto Star article showed how Ontario is losing middle income jobs.

There is a better way

Part 3 of the series on how Canada was unprepared for the drop in oil prices.

Over-dependence on oil sector was avoidable

Part 2 of the series on how Canada was unprepared for the drop in oil prices.

The consequences of over-reliance on oil

Part I of the series on how Canada was unprepared for the drop in oil prices.

Reliance on oil means unnecessary pain

Summary of three-part series of article CMIS will be posting on how Canada could have avoided the problems caused by the drop in oil prices.

New report looks at role government investment could play in Canadian economy

Work by economists like Mariana Mazzucato has led to growing recognition that many of the key innovations that fueled economic growth were funded by governments. A new report by the Broadbent Institute, More Courageous Bets and Equitable Returns: Challenging Perceptions about Public Investment in Innovation looks at what Canadian governments should be doing differently.

New study shows potential impact of tackling climate change

A new study, from economists at University College London shows the impact dealing with climate change could have on Canada and other countries.

Like other researchers, the authors of the study argue that curbing climate change means roughly two-thirds of fossil fuels need to stay in the ground. This finding is similar to the findings of other research on what needs to be done to keep the average global temperature rise from greenhouse gas emissions below two degrees Celsius.