The Broadbent BlogBlog Feed

The hub for Canada’s leading progressive voices.

Disclaimer: the opinions expressed  herein are those of the author and not necessarily those of the Institute.

Canada's over-hyped jobs recovery

The Conservative Party recently launched the “We're Better off with Harper” campaign with the claim that “with over one million net new jobs created in the recovery, Canada's economy is on the right track – thanks to the strong leadership of Stephen Harper and Canada's Conservatives.” 

There have indeed been more than one million jobs created since mid-2009 when the recovery began. But the job market in Canada is still far weaker than was the case before the recession.

The national unemployment rate in...

Fact check: putting the Conservatives' "million net new jobs" into context

The Conservative Party recently launched the “We're better off with Harper” campaign with the claim that “with over one million net new jobs created in the recovery, Canada's economy is on the right track – thanks to the strong leadership of Stephen Harper and Canada's Conservatives.”

The number in that claim is carefully chosen, and taken in isolation is factually correct. In the five years of recovery from June 2009 to June 2014,...

Canada's economic performance is nothing to celebrate

For all of the self-congratulatory rhetoric of the Harper government, the fact remains that Canada’s economic recovery has been built on very fragile foundations. Growth has been fueled by the growth of household and foreign debt rather than by business investment, and we have become dangerously reliant on the resource sector.

Over the entire period of recession and recovery, between 2008 and 2013, Canada's real GDP grew by 6.2%. Growth was driven by an 11.9% increase in household consumption over this period, helped by booming residential construction.

Household spending has...