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Stories by David Crane

Canada needs to raise potential growth rate of economy

Opinion|By David Crane
But projections for the next few years suggest it is too low to meet our needs.
Opinion|By David Crane
Trudeau deserves some credit for measures that help the middle class, such as the Child Benefit, expanded CPP, and more emphasis on training. But slow wage growth is the prime reason for stagnant middle-class incomes.
Opinion|By David Crane
If we are to succeed in the face of great disruptions, new thinking and new policies will be critical. We are not there yet.
Opinion|By David Crane
The cost to the federal treasury from the small business tax cut will do far less for Canada’s growth potential than if the same money was being used to build up our young companies with growth potential.
Opinion|By David Crane
Bill Morneau’s budget 2019, while it contained a few useful proposals such as those on training, will be remembered more as an election pamphlet than as a serious contribution to Canada’s most pressing challenges.
Opinion|By David Crane
Is the extradition request simply a cynical card that the Trump administration is playing as part of its negotiation of a new trade deal with China?
Opinion|By David Crane
We need major structural changes, and cultural changes, in our economy to accelerate its transition to a knowledge economy based on investments in intangibles such as R&D, software, branding, and employee training.
Opinion|By David Crane
We need to boldly invest in projects of this sort if Canada is to build on its strengths in hydrogen technology.
Author
Opinion|By David Crane
Improving our productive capacity to meet more of our future needs while leaving fiscal capacity to deal with a recession or other shocks should be the priorities of the 2019 budget.
Opinion|By David Crane
The ability to meet future social aspirations for a healthy, equitable, sustainable, and prosperous society for all, depends on innovation and the abilibility to generate wealth and opportunity.
Opinion|By David Crane
They are on a growth trajectory. If we want middle-class jobs then the focus must be on growth companies, not small businesses just because they are small.
Opinion|By David Crane
The world is changing in disruptive, powerful, and transformative ways and Canada can’t escape the consequences.
Ensuring a high level of trust is the critical factor for a successful society. People are resilient and can live with the ups and downs of economic cycles. But we're not there yet.
Opinion|By David Crane
There are many other elements to Canada’s foreign policy. But headline events are the ones most likely to impact voters. How important foreign policy will be in the election outcome remains to be seen. But it seems unlik
Opinion|By David Crane
Donald Trump is undermining Canada’s bid to establish closer economic ties with China, pushing Canada to take the U.S. side in his aggressive economic and trade war against China.
Opinion|By David Crane
While Canada can proudly call itself a player in some fields, Navdeep Bains and other members of the Trudeau government do the country a disservice by hyping our capabilities.
Opinion|By David Crane
The challenge is to improve our productivity performance so that the economic pie is larger and, at the same time, find new ways to ensure that the pie is more fairly shared.
Opinion|By David Crane
While Morneau’s recent fiscal outlook portrayed a country on the right track, a group of former high-level public servants, now in the private sector, has a much more sober message about prospects over the coming decade.
Opinion|By David Crane
But Bill Morneau's speech was too much a boastful bromide better suited for a partisan political rally than a sober and frank accounting of the core economic challenges facing the country and the risks they pose to futur
Opinion|By David Crane
This means investments in infrastructure, education and talent, universities and other research institutions, housing and cultural and recreational amenities, and access to high-speed broadband.
Opinion|By David Crane
The issue of the future Canada-China relationship comes at a critical time, as Canada urgently seeks ways to reduce its economic dependence on the U.S. by diversifying its trade and investment partners.
Opinion|By David Crane
What is it that gets into our politicians? Is it all about winning? Do the means come to justify the ends?
Opinion|By David Crane
While Toronto has emerged as one of the talent and research hot spots in the world of AI, it is also where there is a growing and much-needed attention to the economic impact and social challenges of AI.
Opinion|By David Crane
But this is not the time for yet another cut in the business corporate tax rate or in the tax rate for high-income Canadians. It is the time, though, for a more honest debate on competitiveness.
Opinion|By David Crane
If we recognized as a country that the only way we can meet our future needs is through innovation-led productivity growth, then we would be on the right track. But we are not there yet.
Opinion|By David Crane
Even the new name reflects that we have moved from a North American free trade agreement to a U.S.-Mexico-Canada agreement.
Opinion|By David Crane
By making frailty a priority in health care and social policy, governments can help Canadians to 'not only live longer, but live better as well.' It's a worthy national goal.
Opinion|By David Crane
Boosting our productivity performance so that we can raise the growth potential of the economy is—and in the process addressing income inequality and environmental sustainability.
Opinion|By David Crane
But Finance Minister Bill Morneau should put the brakes on boasting. While the headline numbers look good, digging down into those numbers shows that Canadians still face many challenges.
Opinion|By David Crane
The Trudeau government has made the Conservative approach easier. While moving in the right direction, they have failed to provide the necessary leadership to persuade Canadians on the importance of climate action.
Opinion|By David Crane
The Mexican and U.S. governments barred Canada from the NAFTA negotiations, and are now threatening Canada with penalties if it doesn't sign up for the deal they negotiated.
Opinion|By David Crane
Canada currently sits in the middle of the pack among OECD countries in terms of poverty and income inequality.

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