Here are some new items that I found to be of interest with respect to the economy of northern Ontario over the last week or so. Some are not quite what they seem - North Bay (and Thunder Bay) do well by not making this list. Have a nice weekend. Livio.
New Veterans Affairs office opens in Thunder Bay. CBC News, Jan. 26, 2017
5 Things to know about Thunder Bay's proposed city budget. CBC News, Jan 24, 2017.
Tax levy could rise by millions. Chronicle Journal, Jan 24, 2017.
Steel, hub important to Ontario, Wynne tells mayor. Sault Star, Jan 26, 2017.
Mineral exploration on the rebound. Northern Ontario Business. Jan 26, 2017
Putting a value on the North's assets. Northern Ontario business. Jan 24, 2017.
Proposed Sudbury arena would be a "showpiece of Northern Ontario" sudbury.com, January 26, 2017.
North Bay fails to crack list of top 25 cities. North Bay Nugget. Jan 27, 2017.
Northern Economist 2.0
Friday 27 January 2017
Thursday 26 January 2017
Worthwhile Canadian Initiative Named a Top Blog
FocusEconomics has put together its list of the Top Economics and Finance Blogs of 2017 and Worthwhile Canadian Initiative, where I blog with Stephen Gordon, Nick Rowe and Frances Woolley, has made the list. The list of 101 economics and finance blogs was compiled by the FocusEconomics team of economists. The criteria for inclusion in the list was simply that they had to have regularly blogged in 2016 and that they needed to be English-language blogs. The list is an eclectic mix of policy and economic viewpoints stretching from the Keynesian school to the Chicago school to the Austrian school and everything in between. Delighted at the recognition (as well as the additional link provided to Northern Economist!)
Tuesday 24 January 2017
Do Municipalities Really Need New Revenue Tools?
Municipalities in Ontario have been agitating for new revenues particularly given the sluggish growth in provincial government grants. Well, apparently at least one municipal councilor in Thunder
Bay also believes that cities need more revenue tools. This is in spite of the evidence that Ontario municipalities
have seen their revenues grow quite robustly over time. According to the Financial InformationReturns maintained by the Ontario Ministry of Municipal Affairs, between 2000
and 2015, total municipal revenues in Ontario more than doubled growing from
$22.7 billion to $47.8 billion. While
the growth rate has slowed somewhat since the 2009 recession, it remains that
since 2000 these revenues have grown at an annual average rate of 5.2 percent. This is much faster than either
Ontario’s population or GDP growth.
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