[Loxaeed]

FREE Ontario!

[Shemker394]

What is surprising is PEI, NB, Man, NE, Qc, NFL and Sask all received money from the perequation(equalization?). Per capita Manitoba received more than Quebec in perequation.

There is two provinces which do not beneficiary from perequation (equalization?): BC and Ab. Ontario was in the neutral bracket.

Where I can see an argument in favor of equalization is that the increasing demand for energy which lead to an higher dollars, are badly affecting eastern can and center can manufacturing industry.

[texprofi]

Why is this surprising?

Recently AB and ON were the only "have" provinces.

When Saskatchewan is a "have" province and your province isn't, something is majorly ****ed up.

[BiseCreesia]

Well, you can always take pride still that Canada is avoiding the ramifications of a U.S. recession.
Wait, that doesn't sound right.

[bloriMal]

We have to start somewhere. You think we attained such heights in one day? NO! It takes a lot of not work.

[Ruiceara]

Yay, BC is over the top again. Great!

I thought you said we were destined to stay on the other side.

[bashansasasasa]

Originally posted by Ninot
I love it. Your 2 OT posts for the day are anti-Ontario and anti-Quebec This one is actually a bit of both.

[Bobobsdo]

Originally posted by Ben Kenobi
Yay, BC is over the top again. Great!

I thought you said we were destined to stay on the other side. You think a lot of things that don't exist in reality. This is just another example.

[VINPELA]

His problem is one or two years hence.

[Cucoulkrory]

Originally posted by Asher
You don't see a trend in Ontario's suckfest? Trend? Not so much as a cycle.

Ontario has had low points before (again as your article points out) and will again. Also, as your article points out, Ontario isn't sucking so much as some other provinces are doing extremely well at the moment.

AB is doing very well at the moment but they have a history of being a bust/boom economy. I think it is pretty sad a province that has the wealth AB has had over the years yet didn't do jack **** to diversify the economy. Hopefully they learn this time and Ontario doesn't have to support them through their next downturn.

[retTreftowhexm]

I hope so but I guess the real test will come when the energy industry takes a downturn.

I do however point out that you are in TO and not AB.

[rsdefwgxvcfdts]

I'm not doubting their current strength or your claim they have now diversified. Simply pointing out that was not their historical position.

I too think high energy prices are here to stay but I saw recently the absolute *****ing and moaning from the energy companies in AB re the debate on royalties. I can only imagine what effect certain "environmental" taxes/levies/whatevers might do to them.

I guess the real issue of the thread would be "Is Ontario diversified enough?". I think it is. While manufacturing and heavy industry are taking a serious hit at the moment there are many more facets to the provincial economy which can keep things going. For example, the recent downturn in the auto industry would have crippled the province 30 years ago.

[drgshmcm]

In the big cities that is called a "drive by shooting".

[actrisski]

The really cool news about the commodities boom, from my perspective, is that we now have full employment for all geologists and wages are skyrocketing. Hell, when I graduated in 2001 it was hard to find a job and many friends I went to school with settled for just $40k but now the average salary for a geologist with zero to two years experience has shot up to $82k per year.

We're all getting big raises.

The sciences and engineering is where the money is!

[SHUSIATULSE]

Word

[usatramadolusa]

Originally posted by Asher


Did someone say something? Where are you?? You've been away too long. Saskatchewan is booming.

[tinetttstation]

Originally posted by notyoueither
You've been away too long. Saskatchewan is booming. I know all about it, but it's not much of a troll, is it...

[Preegovesem]

Originally posted by notyoueither

I'm not sure what you meant by Ontario 'was in the neutral bracket,' or the rest of that sentence. Ontario has been the engine on equalization since the programm's inception. Alberta grew (and got lucky) and has pitched in more and more. BC until very recently had slumped and was receiving. Very recently. I said neutral bracket because of the way that the graph I had was made. But I should have said, that they are very near the means of the fiscal capacity of the CDN provinces.

Only three provinces — Alberta, B.C. and Ontario — are considered wealthy enough not to require equalization. But all, except for Ontario, have received it in the past. (Quoted from CBC)

[EmpokemyMok]

Originally posted by CrONoS


That's not the same thing I spoke about, I spoke about the competitiveness of an industry. If your economy is dependent of your exportation, and there is a rise in the value of the cdn dollars (because of a growing in the demand of cnd oil); it would be much more difficult to compete in the world market for the country, that's why it penalize, in a way, some province, more than others. When the cdn dollars is rising, the competitiveness of Canadian industry are lowering.

Because of this fact, I understand why we include 50% of the income from natural resource to be included in the equalization payment. What parts of the economies of Western Canada are not dependant on exports?

Our industries pay the same prices for energy. We have the same dollar.

[pKgGpUlF]

Originally posted by notyoueither


What parts of the economies of Western Canada are not dependant on exports? Competitiveness in international trade are mainly the combination of two things; the cost of producing a unit and the cost of your dollars.

When the demand for oil grow up; the price of cdn grow up and industries(like manufactures) which doesn't have the same price structure than the oil industry are losing their competitiveness.