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Hot Topics in Economics

Why Economists Failed to Anticipate the Severe Recession

September 30, 2009

Kip Beckman
Principal Research Associate,
Economic Services

A group of UK economists recently apologized to the Queen for not anticipating the collapse in financial markets and the subsequent severe global recession. One of the reasons why most economists missed the downturn is the fact that there is a fundamental ...

Harmonized Sales Tax is the Right Choice for Ontario

September 25, 2009

Glen Hodgson
Senior Vice-President and Chief Economist

 

Sabrina Browarski
Economist

In this spring’s budget, the Ontario government took the courageous and necessary step of harmonizing the provincial sales tax system with the federal GST, beginning in 2010. A harmonized sales tax of 13 per cent (8 per cent ...

Five Things SMEs Should Know When Looking to Partner with Large MNCs

September 24, 2009

Tim Krywulak Tim Krywulak
Senior Research Associate, Organizational Effectiveness and Learning

Many small- and medium-sized enterprises (SMEs) dream of one day partnering with a large multinational corporation (MNC). Becoming the supplier for a Wal-Mart, IBM, or another big global player can be particularly attractive for SMEs seeking to enter wider international and ...

The “Great Recession” That Wasn’t

September 23, 2009

Glen Hodgson
Senior Vice-President and Chief Economist
Forecasting and Analysis

Remember the talk of a “great recession”, or even a return to the Great Depression, that was so popular with some analysts and media only a short time ago? Think back to late 2008 and the first few ...

A New Energy Reality: Natural Gas and Crude Oil Prices Part Ways

September 21, 2009

Marie Christine-Bernard Marie-Christine Bernard
Associate Director
Provincial Economic Trends

As consumers, whenever we purchase natural gas, oil or electricity, we are essentially buying energy. By converting the energy content of each of these commodities we can easily find which offers the better “deal”. A barrel of oil has about six ...

Phase II of the Recovery: Goldilocks Takes Over Economic Policy

September 09, 2009

Glen Hodgson
Senior Vice-President and Chief Economist
Forecasting and Analysis

A tiny shoot of economic growth sprouted from the Canadian economy in June, news that is most assuredly welcome to all. The next challenge: adjusting economic policy to achieve a sustained recovery. In other words, it’s time for ...

Don’t Blame Professional Athletes for High Ticket Prices

September 03, 2009

Kip Beckman
Principal Research Associate,
Economic Services

How many times have you heard the owner of a professional sports team justify an increase in ticket prices by saying that the team has no choice because players’ salaries are escalating? If ticket prices don’t increase, the team would lose all ...


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