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Is the stimulus killing the P3 model?

Mar 27, 2009
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While BC has not formally abandoned the P3 model, there is a notable absence of new P3 projects at a time when billions of dollars are being channeled to infrastructure spending. If P3s really provided value for money and brought the benefits of private sector efficiency and innovation to the delivery of public-sector infrastructure, then… View Article

BC leads country in rising EI claims

Mar 24, 2009
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According to today’s Statscan release, unemployment insurance (EI) claims were up 47% in January 2009 compared to January 2008. This makes BC the leader in Canada when it comes to rising EI claims. I don’t think that was one of the Great Golden Goals. There is a lag in the EI numbers, since the most… View Article

Statscan spins the recession

Mar 20, 2009
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Here is the upbeat take on retail sales from Statistics Canada’s Daily: Retail sales rose 1.9% in January after decreasing 5.2% in December. Sales rose in five of the eight retail sectors, led by a 3.8% increase in the automotive sector. In volume terms, retail sales were up 1.8%. It goes on to report that… View Article

Food as a right of citizenship

Mar 19, 2009
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I came across an interesting piece in YES! Magazine about a city in Brazil that took an innovative approach to poverty reduction and practically ended hunger by adopting a food-as-a-right policy. Belo Horizonte, the fourth largest city in Brazil, has a population of 2.5 million people, slightly larger than the Lower Mainland. The city grappled… View Article

Well, now that Alberta is doing it …

Mar 17, 2009
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You could say that BC is more than a little sweet on Alberta. We love their individualistic, tax-cutting, tar-sanding grit. Can’t get enough of it. We even signed a silly economic agreement called TILMA (the BC-Alberta Trade, Investment and Labour Mobility Agreement) so we could be more like them. If Alberta went and ran massive… View Article

Social assistance caseload way up

Mar 15, 2009
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In our pre-budget Reality Check, we noted that a recession would lead to upwards pressure on social assistance expenditures. The 2009 Budget notes that every 1% increase in the temporary assistance caseload increases expenditures by $3.5 million (and $7 million for the disability caseload). During a major recession it would not be unrealistic to project… View Article

The wrong kind of stimulus

Mar 13, 2009
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I am a big fan of stimulus packages for our ailing economy. But my pitch has been that we need to use the occasion to retrofit our economy to be on a more sustainable footing. So it matters a great deal on what we spend those stimulus dollars. If we launch projects that take us… View Article

Beggar-thy-neighbour politics in Metro Vancouver

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Surrey Mayor Dianne Watts made the news this week calling for property-tax-free zones in Surrey to attract new business to her city. Of course, in a climate where businesses are not making new investments, this will at best lure businesses from other parts of Metro Vancouver. Economists call these beggar-thy-neighbour policies because you can only… View Article

BC unemployment rate surges to 6.7% (updated)

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The hurt is on. After jumping to 6.1% in January, the ranks of BC’s unemployed swelled by 14,200 in February, pushing the unemployment rate to 6.7%, its highest level in five years. Given that February is the shortest month of the year, one can only imagine how bad things would have gotten had it been… View Article