A 10 per cent increase in energy consumption is associated with a 1.2 per cent increase in economic activity.
The profit and loss system provides quick feedback on the quality of innovation.
The Bank of Canada recently reiterated its long-term expectation that economic growth will decline to 1.3 per cent.
Investment by Canadians abroad has increased while foreign investment into Canada has decreased.
Innovation will revolutionize future economic productivity.
The economy grew at 0.9 per cent in the second quarter, not 3.7 per cent.
The 2018-19 federal deficit will be $800 million higher than projected in the government’s budget.
President Trump’s recent attacks on the U.S. Federal Reserve underscore the important role central banks play in any economy.