Thursday, 16 February 2017

Economic News Around the North: February 17th Edition


Here is listing of some news stories across northern Ontario over the last few days that I feel are of some economic significance for the region.  There was actually quite a bit going on.  Have a nice weekend.

Tax hike tops 3.5%. Chronicle-Journal. February 16th, 2017.

Not a surprise that the tax rate topped 3.5% - I would only have been surprised if it came in at about 2 percent.  Despite the wringing of hands and tearful debate about the poor residential taxpayers, this is pretty much on target. Only surprise was the revelation that at least one councilor may be a fan of the Fraser Institute Blog site given that councilor noted that high residential taxes may be driving people out of Thunder Bay.  In Thunder Bay any fiscally conservative link is historically the political kiss of death when it comes to future electoral prospects.


However, Premier Wynne may be about to take the wind out of these sails.

Pullia wants to cut immigration projection in half. Tbnewswatch. February 13th, 2017.

This story was a curious one as one was left wondering the political motivation behind the assertion that the migration figure required to “sustain” Thunder Bay’s economy to the year 2041 should be cut in half to only 1,000 annually.  Given that population in the Thunder Bay CMA over the last five years only grew by 5 people annually, both 1,000 and 2,000 people a year are mythological targets.  Really, at this point, the more people that come the better.  The oddest statement reported was: “Pullia pointed out the expected 4,000-person population drop due to death from old age over that period is similar to the economic effect of local seniors spending their winters in Florida today.”  Well, actually, there is a difference.  The seniors who leave to go to Florida for the winter are still maintaining a residence in Thunder Bay and paying bills and taxes.  More importantly, unlike death, the hiatus is temporary and most of them come back to Thunder Bay after the winter and resume their economic impact.

Sudbury loses 700 jobs in January.  The North Bay Nugget. February 10th, 2017.

Came across this in the North Bay paper.  Take that Sudbury? However, the unemployment rate was apparently down.

Sudbury's master plan '50 years out of date': economist.  CBC Sudbury February 14th, 2017.

Coming in the wake of the census, David Robinson says it’s time to throw out current plan, before it ‘drives people out of the city.’  It turns out that Dave Robinson also has a blog dealing with northern Ontario titled “Economics for Northern Ontario.


I seem to have missed this one last week so here it is today.

Council OKs $2M for campus fire hall. TimminsTimes.com. February 14th, 2017.

This would appear to be a public public partnership project and the object of some contentious debate.

Sault Ste. Marie’s future welcomes your ideas. Soo Today. February 15th, 2017.

Planning for the future will probably take on some additional urgency given the results from the census last week.

North Bay has economic strengths amid slow US, state GDP growth, economist says. North Bay Business Journal.  February 15th, 2017.

Speaking from experience, I must say that if an economist says it, then it should be given some weight.


This apparently is part of gearing up for potential protectionist issues with the new Trump government.  It is not a belated attempted to deal with the 2003 to 2007 northern Ontario forest sector crisis.

No 'one point of view' for natives and mining. Sudbury Star. February 16th, 2017.

Continuing issues of importance to the future of the northern Ontario mining sector.