Sunday, December 22, 2024

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Ken McFarlane and Ian Waddell

Ken McFarlane assisted in developing and commercializing nine advanced materials technologies in Europe and North America. He chairs the Regeneration Group LLP which undertakes economic development projects on four continents. Ian Waddell is a former NDP MP and a former British Columbia minister of small business.

COVID-19 recession: why traditional economic tools will not restore job losses

At every Canadian election, federal or provincial politicians promise to create more jobs. Easier said than done at the best of times. The current

Opinion | BY KEN MCFARLANE AND IAN WADDELL | February 4, 2021

The Bank of Canada has lowered interest rates with the hope that this will cause consumers to borrow and spend more resulting in businesses expanding and hiring additional workers to satisfy increased demand. However, once a major recession is underway most people are too poor to spend or borrow no matter how low interest rates are. Banks can become unwilling to lend as personal credit scores tumble and personal savings are depleted, write Ken McFarlane and Ian Waddell. The Hill Times photograph by Andrew Meade

COVID-19 recession: why traditional economic tools will not restore job losses

Opinion | BY KEN MCFARLANE AND IAN WADDELL | February 4, 2021

At every Canadian election, federal or provincial politicians promise to create more jobs. Easier said than done at the best of times. The current

COVID-19 recession: why traditional economic tools will not restore job losses

Opinion | BY KEN MCFARLANE AND IAN WADDELL | February 4, 2021

At every Canadian election, federal or provincial politicians promise to create more jobs. Easier said than done at the best of times. The current

The Bank of Canada has lowered interest rates with the hope that this will cause consumers to borrow and spend more resulting in businesses expanding and hiring additional workers to satisfy increased demand. However, once a major recession is underway most people are too poor to spend or borrow no matter how low interest rates are. Banks can become unwilling to lend as personal credit scores tumble and personal savings are depleted, write Ken McFarlane and Ian Waddell. The Hill Times photograph by Andrew Meade