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.

Fiscal austerity and lost Canadian jobs

Bill Scarth is a highly respected mainstream Canadian economist at McMaster University. In a piece just published by the C.D. Howe Institute, a generally conservative think-tank, he argues that the pace of federal deficit reduction should be slowed in order to lower unemployment.

His key point is that the economy still has a lot of slack which will not be quickly closed just by maintaining interest rates at their currently very low levels. 

Based on quite conservative assumptions, Scarth estimates that...

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,...