“Crypto mining has been described as running your car in neutral all day so it can solve crossword puzzles in exchange for an occasional coupon that’s mostly useful for buying heroin online.” – Vice
Economy
Economics Professor Douglas Allen Analyzing Lockdown Measures: A Risk/Benefit Perspective
National Citizens Inquiry
The Death Of The Great American City
The flight of office workers to the hinterlands will have profound effects on society.
Canada is in a Serious State of Decline
Canadian economy now more primitive than that of Bulgaria, Serbia or Panama
Featured News
Our Health Ministers Need to Take a Lesson from Hockey Coaches
Those of you who are tired of my rants about the demise of our once great health system will be pleased to know that this is my last editorial. I am retiring from the BCMJ Editorial Board; currently, I am the longest-serving member (more than 20 years). I have been a...
Zinchuk: Oilpatch Only Spending Half What It Spent in 2014
Back in the lofty, pre-Justin Trudeau government days of 2014, back when oil was booming, pipelines were planned to east and west coasts, and Alberta and Saskatchewan were swimming in money, around $81 billion was spent in capital expenditures (CAPEX) in the Canadian...
Financial Repression, Central Bank Indecision, Recession, and Stagnation
‘Financial repression’ is a term referring to governments or central banks, such as the Bank of Canada or the U.S. Federal Reserve Boar., intervening in financial markets to suppress interest rates [1]. Central banks have been intervening for nearly two years, causing...
How Did COVID-19 Impact the Canadian Manufacturing Sector?
Consumers usually realize fairly quickly just how important the manufacturing sector is when they stare at empty shelves while shopping. In some cases being confronted with an empty shelf can lead to hysteria and panic leading to irrational behaviour. Generally, most...
How Long Will Investor Confidence Last?
The International Transactions in Securities monthly report covers transactions in stocks, bonds, and money market securities between non-residents and residents of Canada. The report covers both Canadian and foreign issues in equity and investment fund shares and...
Location, Location, Location … Investment In Building Construction
Continued low-interest rates by the Bank of Canada, escalating housing prices in all major metropolitan areas, and continued increasing demand for housing has made perfect conditions to drive investment in building construction. Since the depths of the great shutdown...
Will Your Occupational Skills Pass Muster?
Over half of all employed Canadians (52.7%) are working in occupations that value and require active learning skills. “Active learning” involves having the ability to understand the implications of new information for both current and future problem-solving and...
Brace Yourself for Inflation
Inflation, simply put, is the overall decline in the value of money. As prices increase the less each dollar is worth. The larger the increase in the price of goods and services, the more individuals are required to spend each year on living expenses — housing, fuel,...
Inflation: They Win, You Lose: Politicos, Cronies Fleece Canadians with Monetary Expansion
One of the most widespread economic myths is that inflation—the reduced purchasing power of a currency—is a win for a nation, a sign of a booming economy. For the privileged classes in government and with initial access to monetary expansion, it is a win. For everyone...
What Must Be Done to Curb Canada’s Household Debt
Canada is struggling economically. From inflation and deficits to investment and employment, everything that should be up is down, and everything that should be down is up. One striking symptom of economic rot is household debt, which is rising faster than incomes....
Supply Chain Strains Could Cause Shortages and Hoarding
Supply chain problems, both international and domestic, could create shortages and hoarding, and make recent inflationary pressures even worse. Although problems with our ports and railways may beg policy solutions, the short-term response of everyday Canadians should...