Meanwhile, our own public discussion remains either muted or desperate
A strong EI program is vital to strengthen our economy and our communities
How could a discovery beneath the seafloor of Atlantic Canada enable prospectors to locate oil in North Africa? It’s all thanks to our old friend, plate tectonics…
“In Newfoundland and Labrador, the total population under the age of 20 has dropped by 58 per cent since 1971 while it has increased by 35 per cent in Alberta.” The Globe and Mail reports on the coming crisis of age in Canada, and specifically in Atlantic Canada – the region of the country expected to be impacted the most. “This is a profound demographic shift. In the 1970s, Atlantic Canada’s economy was too weak to absorb all of the young people coming into the work force. Now there are not enough young people just to replace those heading into retirement.” Read more at the link below. Source: The Globe and Mail
The Lower Churchill development could become a truly Atlantic Canadian endeavor. The Guardian is reporting that Prince Edward Island Energy Minister Richard Brown says that he has asked for P.E.I. to participate in the construction to help lower the cost of a third cable from P.E.I. to New Brunswick. “If we could tap on to that I believe we could get a better price,” he said. P.E.I. should be able to benefit from the project and if the province can tap in to the electricity from Muskrat Falls, it would mean all of P.E.I.’s power would come from sources that don’t emit carbon, he said. Source: The Guardian
In a report released yesterday by the Bank of Montreal, entitled “Atlantic Canada’s Growth Challenge”, the BMO is warning Atlantic Canadians that “as stimulus turns to restraint, growth will be pressured by a combination of higher tax burdens, declining capital spending and sluggish labour force growth”. Kevin Lynch, BMO Vice Chair says that “Atlantic Canada has the most challenging demographics of any region of Canada, with trade most concentrated in countries and regions that are not beneficiaries of the global economic gravity shift”. Interesting figures presented in the report include: Newfoundland & Labrador leads the region with 3.5 per cent growth in 2011 and Nova Scotia expected to lead in 2012 with 1.9 per cent growth. Employment is growing fastest in Newfoundland & Labrador with growth rates of 3.9 per cent in 2011 and 0.9 per cent in 2012. Nova Scotia features the lowest unemployment rate in 2011 and 2012,…
If Kevin Aylward and his Liberals are to have any chance in this election campaign, it won’t be through attacking Muskrat Falls.