Category Archives: Economy

Immigrants crucial for Canada’s economic growth: think-tank

A pro-business think tank has issued a report showing that if Canada were to shut its doors to immigrants completely, its labour force and economic growth would shrink significantly. Canada is unlikely to stop immigration, but a senior researcher with the Conference Board of Canada says that “building this scenario helps us better understand the contributions of newcomers to Canada’s economy.”

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PBO says carbon tax will knock $10 billion off GDP by 2022

That’s the latest from the PBO’s Economic and Fiscal Outlook for 2018, which was released Monday morning. The report warns that the levy will “generate a headwind” for the economy as the price on carbon is boosted from $10 per tonne of CO2 in 2018 to $50 per tonne in 2022. While a headwind might be nice on a hot day, in economic terms, headwinds aren’t a good thing.

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Canada’s Climate Change Policies Are Affecting Its Economy When it Comes to Resource Development

Canada is a vast and rich country that has among its bounties the third largest known oil reserves in the world. The exploitation of these resources should be paying for our socialist leaning Liberal and Nation Democratic Party agendas with money left over much like Norway. Instead our governments are running massive deficits and spending money we do not have to try and maintain the façade that we can give away free social programs without worry. At the same time these governments are virtual signaling that Canadians are to blame for the Climate changing and we must have a price for carbon to pay for our sins.

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Federal Market’s Debt Tops One Trillion Dollars

It’s just money:

The federal government’s market debt — the debt on which Ottawa pays interest — has topped $1 trillion for the first time, Department of Finance documents show.

It is a milestone, says former parliamentary budget officer Kevin Page.

The threshold, he said, highlights the urgent need for the Liberal government to have a strategy to both balance the federal books and manage the debt in an era of rising interest rates. …

Market debt is different from the federal debt and deficit figures, which are regularly presented to and debated by Canadians and reflect the federal government’s estimated total liabilities, or cash needs, and what must be borrowed from the markets.

Think of market debt as something like a mortgage — or the balance on a line of credit.

“It’s debt that generates interest,” Page said. “And Canadians will be surprised at how fast interest on the public debt is going to grow over the next five years.”

The market debt figure for 2017-18 does not reflect the cash, land or other assets the federal government has on hand.

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Is PayPal’s Peter Thiel leaving Silicon Valley for Los Angeles?

Maybe thinking about it. From Olivia Solon at the Guardian:

If the billionaire tech investor and noted libertarian Peter Thiel really does leave Silicon Valley for Los Angeles to escape what he views as an increasing intolerance for conservatives, the city’s growing community of conservatives will be there to welcome him.

Thiel’s decision to move to LA comes at a time when conservatives in the Bay Area are feeling increasingly squeezed by what they perceive to be liberal groupthink.

“Silicon Valley is a one-party state,” said Thiel at Stanford University last month. “That’s when you get in trouble politically in our society, when you’re all in one side.” More.

Reality check: The revolution that Silicon Valley birthed abolished locality. But the Valley does not seem to know it. They are still the Mean Girls where they think we are all forced to go to high school forever and ever.

See also: Rich New Yorkers making plans to escape social welfare tax burden – now that they have to pay it themselves One could, of course, refer the Chardonnay socialists to the many Bible verses on the virtue of giving till it hurts of one’s own wealth. But somehow, we fear they will have a secularist meltdown at that point and renew their attacks on traditional religion instead.

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Data basic: An introduction to information theory

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