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Stories by David Crane

Canada’s on a difficult economic journey, we need a big rethink

Opinion|By David Crane
TORONTO—Canada is on a difficult economic journey that requires a rethink of many of the things we do to encourage economic growth if we are to reach our destination. The destination is a prosperous economy…
Opinion|By David Crane
TORONTO—There is this optimistic view that if we sign free trade agreements with other countries, exports and jobs will follow. It’s why there are frequent exhortations for Canada to sign more free trade deals, like…
Opinion|By David Crane
TORONTO—Canada’s biggest economic challenge is to achieve and sustain a high level of productivity growth and we need to do this to support the things we value as a society, such as health care and…
Opinion|By David Crane
TORONTO—It was a golden opportunity for the House International Trade Committee to report on the future of NAFTA and to make recommendations on what our negotiators should and shouldn’t do. But what we got from…
Opinion|By David Crane
TORONTO—Trade policy—and trade negotiations—will test the mettle and competence of the Trudeau government this year far beyond any big tests it has faced to date. The risks are high, with big implications for exports, the…
Opinion|By David Crane
TORONTO—There’s probably no more difficult challenge facing the Trudeau government over the next several years than delivering on the country’s pledge to cut our greenhouse gas emissions—the promise made by the Trudeau government at the…
Opinion|By David Crane
TORONTO—Finance Minister Bill Morneau’s Advisory Council on Economic Growth has issued its third and final report. Chaired by Dominic Barton, global managing director of the consultancy McKinsey & Company, the 14-member council was appointed early…
Opinion|By David Crane
TORONTO—As Prime Minister Justin Trudeau departed for his recent visit to China, government officials in a briefing for journalists made it clear that there were no plans to launch free trade talks during the visit.…
Author
Opinion|By David Crane
TORONTO—There are at least four big challenges for the future of jobs in Canada, based on the latest 2016 Census data. First, a smaller proportion of men in the core working age of 25-54 were…
Opinion|By David Crane
TORONTO—Perhaps no other industry has been the focus of so much government concern and support over the past 50-plus years than the automotive and auto parts industry. This remains the case today; not least because…
Opinion|By David Crane
TORONTO—How do we deal with a country led by a lying, narcissistic egomaniac and bully whose ego needs are insatiable? I am not talking about some tin pot dictator in a distant country. I am…
Opinion|By David Crane
TORONTO—The Trudeau government deserves credit for negotiating, with the provinces, a national climate change action plan to achieve the emission reduction target Canada made in Paris not quite two years ago. But Canada’s action plan…
Opinion|By David Crane
TORONTO—In his recent fiscal update, Finance Minister Bill Morneau boasted that the government’s plan for the middle class was working. But one important sector of the economy long hailed as a key source of middle-class…
Opinion|By David Crane
TORONTO—Compared to the boastful and self-congratulatory messaging in Finance Minister Bill Morneau’s fiscal update, the Monetary Policy Report of the Bank of Canada offers a more sobering assessment of the Canadian economy. However, both project…
For prime minister Pierre Trudeau, the greatest crisis he faced in his first term of office was the economic threat from Nixonomics in 1971, including the threat to kill the critical Canada-U.S. automotive products agreement,…
Opinion|By David Crane
TORONTO—How much should the country pay to save Finance Minister Bill Morneau’s political neck and rescue the Trudeau government from a looming political disaster? How about $3-billion over six years? This doesn’t include costly photo-ops…
Opinion|By David Crane
TORONTO—Where will Canada fit in the next Big Thing? Artificial intelligence, the OECD Digital Economy Outlook 2017 reports, is “going mainstream” and this has huge implications for our future— including our jobs and economic prosperity.…
Opinion|By David Crane
TORONTO—It may be hard to believe, but two years from now we could be in the midst of a federal election campaign. In barely a month, we will be at the mid-point of the Trudeau…
Opinion|By David Crane
TORONTO—Economies have to contend with periodic shocks. A sharp increase or a steep decrease in the price of oil is one kind of shock. A rapid escalation or fall in the exchange rate is another.…
Opinion|By David Crane
TORONTO—If there was a needed reminder on the critical importance of fostering a more inclusive economy in Canada, it can be found in the latest 2016 census report from Statistics Canada. There are still too…
Opinion|By David Crane
TORONTO—One of the best examples of the Trudeau government’s practice of overpromising is the superclusters project of Industry, Science and Economic Development Minister Navdeep Bains. With $950-million to be spread out over five years and…
Opinion|By David Crane
TORONTO—Canada has still much to do to develop a productive and sustainable economy that creates the wealth to sustain our education and health-care systems and to deliver good jobs for a prosperous and equitable society.…
Opinion|By David Crane
TORONTO—Foreign Affairs Minister Chrystia Freeland insists that “NAFTA has been an extraordinary success story.” That’s a debatable claim, given Canada’s loss of market share in the U.S. since NAFTA came into effect, and the widespread…
Opinion|By David Crane
TORONTO—The biggest unknowns in the NAFTA negotiations now underway are the minimum package that U.S. President Donald Trump feels he must have to overhaul what he has called “perhaps the worst trade deal ever negotiated”…
Opinion|By David Crane
TORONTO—The Americans didn’t waste any time in reminding Canada and Mexico that they were serious in making NAFTA, the North American Free Trade Agreement, more favourable to U.S. interests. The goal is to pursue “America…
Opinion|By David Crane
TORONTO—While the International Monetary Fund forecasts that Canada will have the fastest-growing economy in the G-7 this year, it would be a big mistake to become complacent. We face a challenging future. Finance Minister Bill…
Opinion|By David Crane
TORONTO—For all the euphoria over improved economic data, there remain nagging concerns over how well the economy is really doing—and is likely to do based on present trends. While the headline statistics look better than…
Opinion|By David Crane
TORONTO—We can finally put an end to false hope that oil and gas development will be the big drivers of future Canadian prosperity. This means we have to rethink our future, building an economy based…
Opinion|By David Crane
TORONTO—Is the Trudeau government mishandling the China file? Canadians are divided on China, and there are real concerns that the Trudeau government may be undermining Canadian interests to appease China, in order to get a…
Opinion|By David Crane
TORONTO—Make no mistake. The U.S. demand for major changes to NAFTA has big implications for our own economy and the negotiations will be difficult. So much for “tweaking” the agreement. This being the case, Canada…
Opinion|By David Crane
TORONTO—History tells us that the only way over time to raise individual living standards is through sustained increases in productivity. And for a long time, our incomes did rise as productivity rose, leading to rising…
Opinion|By David Crane
TORONTO—Our prime minister loves to hang out with the Big Tech world. Google opens a big new software lab in Waterloo and Justin Trudeau is there. Amazon opens a big new warehouse and distribution centre…

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