Canadian living standards are slipping relative to peer nations: Time for action on productivity
Canadian real GDP per person – a key measure of living standards for the average citizen – has been slipping compared to peer nations over time.
A closer look at U.S. corporate and government balance sheets
The U.S. Federal Reserve expressed concern about historically high levels of corporate debt.
For the past decade or so, amid readily available credit and ultra-low interest rates, Canadians have been piling up debt.
Firms in B.C. and Central Canada Report Widespread Capacity Pressures
The Bank of Canada’s Summer Business Outlook Survey provides some interesting insights into the extent of capacity pressures faced by companies across the country
B.C. Employment by Industry -- The Long View
Following up on our recent blog looking at long-term employment growth by occupation, we now examine which industries have contributed to B.C. employment growth over time.
B.C. Employment Growth by Occupation -- The Long View
How has the labour market in British Columbia changed over the past thirty years? How has technology reshaped it? What occupations have shown the most and the least employment growth?
How will Digitalization Affect the Labour Market?
The challenge facing policy-makers – in British Columbia, Canada and globally – is how to maximise the productivity gains of technological progress through digitalization, while taking steps to mitigate its intrinsically-skewed distribution of benefits.
The Changing Face of Asset Ownership in China
China’s economic development continues to have profound implications for the world economy and, as Canada’s gateway to Asia, for British Columbia.
The Rise of China's Top-10%
A by-product of China’s rapid economic rise is that income and wealth have become increasingly concentrated among the top-10% of the population.
The Slowing Pace of 'Creative Destruction' in Canada
Creative destruction involves economic renewal or “churn,” whereby innovative new firms and entrepreneurs force outdated firms to exit. Labour and capital are freed and reallocated to better use, in doing so raising productivity and living standards. Canadian data is concerning because it suggests a significant, long-term decline in the rate of economic renewal.
How Do House Prices Affect the Consumer Price Index?
It can seem hard to reconcile the stellar growth in house prices in recent years in Vancouver and some other Canadian urban centres with the modest growth in the CPI.