Labour Productivity In Canada

PC 1003 played an important role in the history of the Canadian Labor. The codes of the order-in-council PC 1003 created many arguments among many historians. Order-in-council PC 1003 came into effect on 17 February 1944. It was introduced during the Second World War in Canada by the Prime Minister William Lyon Mackenzie King. PC 1003 was also known by the Wartime Labor Relations Order. The codes of the Order-in-council PC 1003 protected the worker’s right to collectively bargain, represent and organize the unions chosen by a majority of the workers. This order-in-council PC 1003 covered both the federal and the provisional employees. This emergency law was extended by two years after the Second World War to bring peacetime in the Canadian

The neo-liberal idea that oil and gas are primary sources of revenues for the country are very out dated. This is something that needs to be addressed if we want to sustain our economy and our environment. Without a stable environment, how could we possibly have a good economy, don’t they go hand in hand? Since the industrial revolution, our economy has increased significantly, however, it has a tremendous impact on our environment. Today, we can easily see the destruction of our environment take place all over the world, thus moving towards sustainable and renewable energies isn’t as far-fetched as it once was. The political ideologies of revenues through natural resource is strong, but the people are not realizing that this is not the only way to generate revenues within a province. Some provinces have said no we do not want pipelines or no we do not want fracking, but this is at a cost of getting the blame of not following the “Canadian Dream”. By that I mean, following the greedy corporate world in destroying the planet at the cost of becoming a wealthy province to satisfy the Canadian government, and be less reliant on government subsidies. Starr fails to mention the initiatives that the Nova Scotia provincial government has been leaning toward sustainable energies, such

These developments are having a further negative impact on Canada’s fiscal outlook. It is important to note that the country’s oil sector is also its largest export industry (McCarthy, 2014). In recent years, members of the Organization of the Petroleum Exporting Countries (OPEC) – major suppliers of crude oil to the world market – have increased both their production and supply, in order to make oil production and export more profitable for themselves, and less profitable for producers in North America (Esparza, 2015). The abundance of oil on the world market has driven the cost per barrel down, negatively impacting Canada’s ability to derive economic benefit from our own costly activities aimed at oil extraction and production (Esparza, 2015). This confluence of factors is leading to a poor economic outlook for the current year and

This research topic focuses on the rise of Canadian oil production and how Canada’s economy has reacted to this rise. Canada is in a very unique position in terms of oil production. Within Alberta, Canada has had an abundance of oil that it could produce. However, oil prices used to be a lot lower than what they have risen to in recent time. With these low oil prices, no one could justify producing the oil within the Alberta. This is due to the issue that the oil located in Alberta is mostly from oil sands (Facts about Alberta’s, n.d.). These result in oil that is mixed with oil, clay, water, etc. Therefore, due to the nature of the oil sands, to extract the oil it is much more expensive than oil that is not from oil sands

Canada has a large stake in the international oil market. It is currently the 6th largest producer of crude oil and last year the Canadian oil industry produced 3.8 million barrels of oil per day (Canadian Association of Petroleum Produces, 2016). Since oil is a significant part of the Canadian economy, fluctuations in the international price of oil will affect all Canadians. However, due to the fact that some provinces produce more oil than they consume and others consume way more than they produce, the impact of a significant increase in international oil prices on Canadians will be dependent on which province they reside in. More specifically an increase will positively impact the economic welfare of Canadians living or operating in resource rich provinces but will have a negative impact on the economic welfare of Canadians living or operating in

By far, The Trans Mountain Pipeline expansion provides benefits towards the Canadian economy; however, the detriment out weigh the potential benefits. Trans Mountain’s expansion proposal promises to implement many job opportunities for the less fortunate, but one must consider the drawback associated with this issue. If the environment undergoes a single oil spill, nearly half the jobs among multiple industries may be terminated. To continue, the economy, although many differ, will undergo an unhealthy economy due to the inflation that will occur with the expansion of the pipelines. To add on, economic growth leads to more transportation, which most likely will cause an oil spill to occur; therefore, harming the economy in terms of growth,

The term labour force “consists of persons who contribute or are available to contribute to the production of goods and services falling within the System of National Accounts production boundary” (Statistics Canada, 2017). According to Canada’s first decennial census, the work force was meant to include anyone stating an occupation. However, with increasing industrialization and urbanization, “census officials soon accepted the growing myth of one-dimensional, cash-based economy by further defining occupation as the position in which the enumerated was ‘gainfully employed,’ which the 1901 census identified as ‘those paid salary or wages or other money allowances’” (MacDonald, 2010, p. 390). This paper will explore the concept of labour data

Therefore, from time to time Canada will get bullied by their Big Brother. Canada is dependant on the US in many areas. Firstly, Canada is a nation that relies heavily on the oil sands industry because Canada's oil and natural gas industry is the single largest private sector investor in the country, it forecasts to invest $44 billion in 2017, which is went down from a peak $81 billion in capital projected in 2014. (2) It contributed an estimated $15 billion to the overall government revenues in the form of royalty payments, land payments (bonus payments), corporate and municipal taxes, it ensures that all Canadians will benefit from it. But For a country that sent about 99 percent of its crude exports to the U.S, this is not such a wonderful thing. If the USA stops buying from Canada, it will hurt the Canadian economy. (2) So, this forced Canada to become a less than the US as Canada is not the only source of oil supply for the US. This case begins to show when the Trump administration is mulling for a border tax that could raise the cost of imported oil, a prospect that undermines the values of Canadian energy producers when it comes to versing U.S’s local producers. (2) At the same time, U.S. oil production is on the rise once again, this is starting to push away the need for foreign oil. Canada must look for another way out if Canada wants to save its economy. "We want to expand our

Canada’s production, distribution, and use of energy resources, such as oil and natural gas had been undergoing long history of development that still persists until today. The industrialization of the sixties, and market-oriented economy of today initiated heavy reliance on natural resources extraction across the country, whether it is oil and gas, nuclear power, or timber production. Digging deeper, Canada is dependent on oil and gas production, with oil sands making up 90% of Canada’s reserves that are mainly concentrated in the Western Canada Sedimentary Basin as well as well as in the Pacific Morgan Sedimentary Basin, that stretch along Yukon, Northwest Territories, British Columbia, Alberta, and Saskatchewan (National Energy Board, 2014). Alberta appoints majority of oil sands production at the national level, then it is exported to the international market, mainly to the US, utilizing pipelines as modes of transportation.

It is true that the call by the Morneau 's economic growth council for the creation of a Canadian Infrastructure Development Bank will lead to increase in Canada’s long-run economic growth rate. The first reason why there will be increase in long run economic growth rate is increase in labor and capital productivity (Curry and Silcoff 2016). Improving the infrastructure will lead to efficiency in labor productivity because it will make it easy for workers to travel to work while businesses will have easy access to their goods. Good infrastructure will ensure there is quick and reliable transportation of goods from industries to market leading to long run economic growth.

From the Western Canada’s output of natural gas, approximately, 10% are produced by Canadian Natural Resources. CNQ is also known to be the second largest underdeveloped land base that represents second largest portfolio in the Western Canadian Sedimentary Basin. Because of its strong market position, it makes the company’s ability to exploit economies of scale and evade threats in its examination and growth undertakings that are the largest single disbursement component in the energy sector. However, increasing prices and hefty ecological regulations massively impact on its

However, oil has previously played a positive role in the Canadian economy, it has recently been responsible for the decrease in value of the Canadian dollar. Articles from the Globe and Mail and the CBC present opposing arguments on this matter. Both believe that change was necessary, whether that mean halting expansion on the oil sands or ensuring stricter regulations before proceeding with expansion. The Globe and Mail support the expansion of Canada’s oil sands in an opinionated article, whereas the CBC presents the need to conclude the expansion of the oil sands in Alberta in a news article. Though both the Globe and Mail article and the CBC article are discussing whether or not to continue the expansion of the oil sands, the Globe and Mail’s argument supporting the expansion of the oil sands providing a more convincing claim than the one presented in the CBC article. It effectively presents both sides of the argument and is able to dismiss the arguments made in favour of ending the expansion of the oil

* The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity

Amongst its functional form (the formula) this method holds a heavy advantage i.e., it does not need to refer to a particular kind of production function. Thus it is not dependent on the unrealistic assumptions on which total factor productivity is based. Furthermore, to quantify labour productivity one has not to rely on the distributive shares in output, which are strongly influenced by market power, and such a measure of productivity encompasses all kinds of technical change – embodied and disembodied (Reatti, 2001). The relative influence of these two types of technical change can be measured separately by splitting the formula of productivity of labour into its components − the degree of mechanisation (the capital/labour ratio), and the ‘productivity of

Increase in the Total factor productivity indirectly means better utilization of the resources such as capital and the labour (Muto and Yamano, 2009). This indirectly means a good GDP value of the country because of its productiveness. This Total factor productivity has an indirect impact on the country’s GDP. According to a analysis done by Deloitte[1] the graph is plotted in Figure 1.