Author Topic: Canada's Economy Has its Strongest Growth in 17 Years  (Read 197 times)

Offline jmt18325

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Prisons, parks and hospitals don't do that.

Actually, they all have an impact on productivity (especially health and recreation related infrastructure).  Even if they didn't, they still need upgrades and replacement.

Offline SirJohn

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Actually, they all have an impact on productivity (especially health and recreation related infrastructure).  Even if they didn't, they still need upgrades and replacement.

Do you own a car? I don't know about the highways where you are, but every highway I've driven on lately could use upgrades and they aren't getting them. How much productivity is wasted in cities like Toronto, Vancouver, Montreal and even Ottawa due to traffic jams because the highways are decades old and overcrowded and public transit isn't expanding fast enough? That is  the kind of infrastructure that pays dividends.

Offline jmt18325

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Do you own a car? I don't know about the highways where you are, but every highway I've driven on lately could use upgrades and they aren't getting them. How much productivity is wasted in cities like Toronto, Vancouver, Montreal and even Ottawa due to traffic jams because the highways are decades old and overcrowded and public transit isn't expanding fast enough? That is  the kind of infrastructure that pays dividends.

I wouldn't say that almost every highway could use an upgrade - I'd say that a few of them certainly could.  Most provinces have significantly increased their highway infrastructure spending over the last decade, and much of the new infrastructure money in the 2017 federal budget was available for highway infrastructure.  There is also still the original money from the Conservative government in the New Building Canada Plan - it hasn't been cancelled.

In Manitoba, our biggest problem is the PC government that won't put forward projects for free federal money because they don't want to have to spend any of our own money towards it.

Offline SirJohn

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In Manitoba, our biggest problem is the PC government that won't put forward projects for free federal money because they don't want to have to spend any of our own money towards it.

They are trying not to go any deeper into debt.

Speaking of debt. The economic theory of borrowing to prod the economy says that when the economy is going well that is the time to stop borrowing and start paying back. When is Trudeau going to start doing that? If we're borrowing tens of billions when times are good - what do we do when times turn bad again?

Offline jmt18325

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They are trying not to go any deeper into debt.

I would agree with that, were it not to result in losing actual money from Ottawa that's available now.