The United States continues to suffer from a historically weak economic recovery. Monthly GDP and employment numbers remain near anemic. From a historical perspective the economy should be roaring by now given the pronounced contraction in 2008.
One of the more persistent myths about prosperity is that it results purely from luck. Often, commentators credit the mere presence of oil, gas, potash and other natural resources for Western Canada’s recent (and presently fading) boom in investment, jobs and government revenues.
When Ontario Finance Minister Charles Sousa announced a budget update and a revised, lower forecast for provincial economic growth, it was yet another piece of evidence that Ontario’s economy is sluggish. But Ontario’s problems run deeper than just one fiscal update from one finance minister.
Question: If you’re young, or have very little education, where’s the best place in the country to find a job, make a decent income and prosper? Answer: Alberta, followed by Saskatchewan and British Columbia.
For decades, Quebec and its governments have been petulant and demanding. The tendency has been there since at least the first avowedly separatist Parti Quebecois government, elected in 1976. That habit continued regardless of the party in power, and of course, depending on the party, there was always the threat to separate.
The recent protests in New Brunswick against proposed hydraulic fracturing (fracking) has put a spotlight on the Elsipogtog (Elsi-book-took) First Nation, which has been extremely vocal in its opposition to proposed shale gas exploration. But however sincere these protests, they are ultimately misguided.