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Category: Canada

Laurentian Blues (3) – Hillary Redux

OK, before I get to the actual blog here, some updates on Laurentian: 1)      On Friday, Laurentian published its list of creditors.  It listed $184 million in potential debts, plus a couple of hundred small suppliers with amounts listed as “TBD”.  This is presumably the origin of the comment last Monday from an un-named source indicating they opened the books and instead of $100 m in debt it’s closer to $200 m.  But this is somewhat misleading: about $52m is for various

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February 8, 2021 5 Comments

Laurentian Blues (2)

I want to go into more detail on Laurentian, digging into finances, and correcting one or two things I got wrong yesterday. An unfortunate amount of time is going to be spent dragging Laurentian for bad data practices, but that can’t be helped. Let’s go back to this graph I showed yesterday. With a little bit more digging, I see that Laurentian claims that there were about $8 million in outstanding deficits prior to 2012-13, and that they are claiming

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February 4, 2021 12 Comments

Jump-Starting a Moribund Ottawa Policy Process

Note: I know you’re all probably expecting me to have a write-up on the Laurentian University omnishambles, but contrary to popular belief I both have a day job and require sleep, so you’re all going to have to wait another 24 hours for me to put that one together.  In the meantime… A few months ago, I made the point that Canadian policymakers at both the federal and provincial levels have more or less given up on the idea of economic

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February 2, 2021 3 Comments

Memo to Minister Nicolaides

To: Demetrios Nicolaides, Minister of Advanced Education, Alberta From: That guy from HESA Towers Dear Minister, So, you have finally got to the end of the Alberta 2030 Process.  Congratulations!  The question now is: where do you go from here? When the UCP came to power, it had two fundamental aims with respect to higher education: reduce government expenditures to fit the province’s new post-oil-bust financial circumstances and make institutions more active partners in the province’s economic development.  Both were entirely

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January 21, 2021 No Comments

Getting A Head Start on the Next Tech Panic

One of the things that makes the “tech” industry in Canada is that it is basically not a tech industry at all.  If you look at the major publicly-traded companies in Canada which could reasonably be described as “tech”, what you see is mostly a collection of e-commerce platforms plus some enterprise software companies.  We have a few equipment makers (Sierra Wireless, Evertz, Photon) whose annual revenues combined are smaller than York University’s budget.  And there’s Ballard, which is in

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January 12, 2021 No Comments
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