Don Drummond
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Don Drummond
Don Drummondwas a Jamaican ska trombonist and composer. He was one of the original members of The Skatalites, and composed many of their tunes...
capacity far inflation performed pressures side worry
So far the inflation side has performed well, but we know there are lags between capacity pressures and inflation, so we have to worry about that.
hearts minds subject
But the subject has not gripped the hearts and minds of most Canadians.
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It wouldn't be unfair to say that not only is the horse out of the barn but Finance has no idea where the horse has gone.
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He did a very good job as finance minister in Ontario. He's a very strong candidate for that position.
expectation factor key
The key factor in that expectation is the pronounced slowdown in the U.S. economy,
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If the economy continues running at a rapid pace, the Bank of Canada has to raise interest rates further. Yields will go up as people expect the Bank of Canada may go more than just one more time.
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This is not just about tax cuts. It's about a cultural shift involving a major review of public policy and an increased commitment by the private sector to investment and innovation.
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There's no doubt we have a mild case of Dutch disease running in Canada.
blame fast growing ontario
Ontario is not growing as fast as other areas. Is it appropriate to blame that on equalization? I would say no,
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The harsh reality is in many instances they're actually better off on welfare.
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Industrial policy too often amounts to taxing the winners to subsidize the losers.
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You could take this equalization burden away from Ontario and it's still going to have those dollar issues, and the commodity prices issues.
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We sometimes forget that the U.S. economy is a quarter of all world demand for oil, so if it slows down it should take some of the froth off the demand side.
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What Canada needs is a shift in focus away from consumption and towards savings and investment,