Nick Falvo
Nick Falvo (he/him) is a Calgary-based research consultant with a PhD in Public Policy. Fluently bilingual (English/French), he is also a CCPA Research Associate who specializes in affordable housing and homelessness. Follow him on twitter at @nicholas_falvo
History tells us that the Bank of Canada has a 0% success rate in fighting inflation by quickly raising interest rates. If a pilot told me that they’d only ever attempted a particular landing three times in the past 60 years with a 0% success rate, that’s not a plane I’d want to be on. Unfortunately, that looks likes the plane all Canadians are on now.
Throughout the pandemic, many small- and medium-sized businesses have weathered the storm, thanks to federal government help. In his deputation to Canada's federal Industry Committee, David Macdonald says it's time to give those businesses an "off-ramp".
This isn’t a workers’ wage-led recovery; in fact, inflation is eating into workers’ wages, diminishing their ability to recover from the pandemic recession. Corporate profits are capturing more economic growth than in any previous recession recovery period over the past 50 years.
We provide you with groundbreaking and timely progressive commentary and analysis on the key policy issues of the day. Help us keep the online Monitor free from paywalls. Donate a minimum of $35 today and you’ll also receive the print Monitor magazine in your mailbox six times a year.
Support the Monitor
