Canadian Wheat Board privatization news suggests economic needs taking a back seat

The suggestion that the federal government plans to give away the assets of the Canadian Wheat Board to a multinational corporation instead of selling them to a farmer-owned group is not a surprise. Since the federal government announced that it was ending the Canadian Wheat Board's monopoly on selling Canadian wheat, there have been a number of serious problems.

Bank report suggests reducing income inequality good for economy

A recent report from the TD Bank calls for measures to reduce income inequality as a way to encourage economic growth.

The recommendations of the report are based on research by the Organisation for Economic Co-operation and Development (OECD) that found that a 1% increase in income inequality reduces GDP growth by between 0.6% and 1.1%.

Public services key to reducing income inequality

Government intervention key to Apple success

A Globe and Mail Business journalist points out that one of the biggest reasons for Apple's success is technology whose development was funded by the United States government. Apple products like the iPhone or iPad are dependent on publicly funded technology like the lithium battery or liquid crystal display.

Nobel prize winning economists see government spending cuts as holding back recovery

According to a recent Guardian article, several Nobel prize winning economists at the Lindau Nobel Laureate Meetings suggested that cuts, or threatened cuts, to public spending are harming the chances of an economic recovery.

Federal government knowingly using inaccurate labour market data

A federal government briefing note obtained through Access to Information law makes it clear that the federal government was aware of problems with the labour market data.

Crown corporation project encourages economic development

Newfoundland and Labrador crown corporation Nalcor Energy's mapping project is a small example of how some governments are questioning the assumption that all governments can do to encourage economic development is hand out tax breaks.

Temporary Foreign Worker Program relies on flawed data

Last week the Alberta Federation of Labour revealed that federal government decisions on whether or not to allow businesses to use the Temporary Foreign Workers Program are based on irreparably flawed data.

Mediocre innovation record blamed on lack of government involvement

In a recent article in the Toronto Star, internationally recognized expert on innovation, Mariana Mazzucato, blamed lack of direct government involvement for Canada's mediocre record when it comes to innovation.

She argues the approach taken by Canadian governments — cut corporate taxes, reduce regulation and sign trade deals that protect corporations and investors — has failed. Instead of investing more, corporations are hoarding cash.

Pension plans provide economic boost

The recent suggestion by the CEO of the world's money management firm BlackRock that good pensions were “one of the fundamental reasons” Canada didn't suffer as much as the United States during the last recession is just the latest reminder of how pension plans provide a boost to the economy.

Two studies released last year of Canadian pension plans show the impact pension plans have on the economy.

Trend in employment numbers a concern

There is good reason to be concerned about what has happened to employment numbers in Canada over the last few months.

While employment numbers fluctuate from month to month, Statistics Canada is reporting that, “there has been little overall employment growth in Canada since August 2013.”