Avoid the zombie thinking of major cuts to federal spending
The idea that massive tightening of monetary and fiscal policy will put us on the path to stronger growth is not well connected to the new realities of the world in which we live.
‘Silver tsunami’ offers the regenerative opportunity of a lifetime
The largest generational transfer of wealth in history is coming right at us, and with it comes the chance to make a wholesale change that will redesign and rebuild every part of the Canadian economic engine.
Shifts in interest rates or inflation could ‘totally change the picture’ on fiscal sustainability, says PBO
‘Even though there is fiscal flexibility, it doesn’t mean that governments have to use it,’ says Parliamentary Budget Officer Yves Giroux.
Canada’s chance to be useful in a divided world
We can choose to be a leader for multilateralism, rather than serving as a junior partner for those who seek fragmentation.
Canada cannot rely on a branch-plant strategy for the future
We have underinvested in intangible and tangible assets, been slow to recognize the implications of a digital world, and neglected the importance of building up Canadian companies with their own intellectual property.
Budget-related bills should focus on budget-related matters
For many years, and across multiple governments, budget implementation bills have contained a litany of legislative items unconnected to the budget, but which were placed there for convenience or efficiency.
Latest inflation data reinforce Conservative messaging: ‘the battle is not finished,’ say observers
Inflation is ‘significant’ and ‘steady,’ and early gains may have come quicker than what remains to be achieved on the path to two per cent, said economist Don Drummond.
Canada’s been on easy street for too long
The International Monetary Fund presents a sobering outlook for Canada’s economy over the next few years, warning us again that we need to become more innovative and creative so that our productivity performance improves.
Canada facing harsh attacks from U.S. over next year’s digital services tax
With a deal unlikely anytime soon, delaying a possible digital sales tax deprives Canada of billions of dollars in much-needed tax revenues. It is the United States that’s the problem here.
The nation’s economy should worry all Canadians, no matter their political stripe
A poorly performing private sector squeezes all parts of the economy, including government.
