Dutch Disease on the Rideau
The following is another guest post by Robyn Allan: A report recently released by the Macdonald-Laurier Institute claims Canada does not suffer from the Dutch disease. Unfortunately, the studies the…
exchange rates
Debating Hoback on Resource Royalties
Prince Albert MP Randy Hoback began last week’s inquisition by objecting to my recent op-ed in The Saskatoon StarPheonix on the “Dutch disease” debate between Saskatchewan Premier Brad Wall and…
Dutch Disease, the Canada – US Exchange Rate and Trade With Asia
Today’s Globe editorial provides further evidence of distorted economic reasoning being rolled out to attack Thomas Mulcair. “Mr. Mulcair seems to long for a golden age of manufacturing and a…
Inflation On Target; Exchange Rate Off Target
Today, Statistics Canada reported an annual inflation rate of 2%, precisely in line with the Bank of Canada’s target. With inflation under control and renewed risks to the global economy,…
Energy McCarthyism
The high-and-mighty virtiol which greeted Tom Mulcair’s comments last week about the downside of oil-powered currency appreciation is lamentable (repeating the over-the-top reaction to Dalton McGuinty’s similar comments a few…
Going to the Wall in Defence of Mulcair
I have the following op-ed in today’s Saskatoon Star Phoenix: Royalty hike cure for Dutch disease Premier Brad Wall calls federal NDP Leader Tom Mulcair “very, very divisive” for expressing…
Canada’s Oil: For Sale to the Highest Bidder
Want to know why Canada’s currency is sky-high despite our sluggish recovery, our large and persistent current account deficit, and our lousy export performance? Check out this fascinating story in…
The Oil Price-Loonie Transmission Mechanism
The most interesting comments from Bank of Canada Governor Mark Carney last week, in releasing the Bank’s semi-annual Monetary Policy Report, dealt with the relationship between the price of oil…
The Economics of Deception
The following is a guest post by Robyn Allan, the former president of the Insurance Corporation of British Columbia who appeared with me on TVO’s recent panel about Dutch disease.…
The Current Account Deficit
The National Bank have published a very useful and interesting report on the current account deficit, which is now running at about 3% of GDP. They argue that the deficit…
Iceland and the Loonie
Dean Baker has weighed in on the weird idea that Iceland might adopt the Canadian dollar. It is their decision to make, but I also don’t see much to recommend…
The Loonie’s Stagnant Purchasing Power
The following note also appears on Business Insider. I owe Paul Tulloch a hat tip for reminding me of these issues in a good comment on my last post. When…
What To Do About Dutch Disease?
In response to Ontario Premier Dalton McGuinty’s complaint about oil and the exchange rate, several (conservative) commentators argued that this “Dutch disease” is not what ails Ontario manufacturing. Andrew Coyne…