Government spending putting the economy at risk

Our ratio of net debt to GDP is almost as high as it was in 1995 when Canada was really in a fiscal crisis

Government spending putting the economy at riskThe Liberals made some big spending promises during last month’s election campaign, amounting to $78 billion in new spending over the next five years. These promises come on top of the existing baseline, which was already no model of austerity. The federal budget was bloated before the pandemic, and even after excluding some necessary public…

Food rescuing goes mainstream

More than 35.5M tonnes of food is thrown out yearly in Canada and rescuing food is getting more attention

Food rescuing goes mainstreamMany people claim the term’ food waste’ should never be used and there’s some truth to that. Food is precious and is always of value to someone, somewhere. Associating food with the term ‘waste’ can only imply that food can become worthless. We can compost it, use it to produce biofuels and, of course, repurpose…

What does the Trudeau win mean for Western Canadians?

More of the same

What does the Trudeau win mean for Western Canadians?What does another Trudeau win mean for Western Canadians? After all, the actual composition of the House of Commons changed little, and once again, the Liberals will need the support of either the NDP or the Bloc Quebecois to pass legislation. So, for the most part, we can expect a continuation of some programs, including…

Protecting the most vulnerable from the coming energy crisis

We're deluded if we believe that the consequences will only be borne by workers in the oil and gas sector

Protecting the most vulnerable from the coming energy crisisShortly before the election was called, the federal government launched an engagement process to determine how Canadians want to implement a 'Just Transition' to a net-zero carbon economy. To the government, this means developing supports for the oil and gas workers whose livelihoods are being impacted by domestic climate policies. A 'Just Transition Advisory Body'…

Taxing savers is not the solution to Canada’s economic woes

Governments have to stop giving in to populist pressures

Taxing savers is not the solution to Canada’s economic woesNow that the federal election is over, several financial sector experts and economists are turning their attention to the Trudeau government’s promise to raise the corporate income tax rate for banks and insurance companies from 15 per cent to 18 per cent. But while attacking these financial giants can pay off politically, the fact is…

Cash is still king in Switzerland and it’s paying off

The continued reliance on cash is a symbol of good governance

Cash is still king in Switzerland and it’s paying offWhen I audited an economics class in the Rice University School of Business, the lecturer compared inflation to slow-growing cancer and deflation to a heart attack. The implication was that deflation – declining prices – is fatal and worse than inflation. This Keynesian fearmongering, which empowers central banks to water down currencies, is common but…

How serious is food inflation in Canada?

Very. But you wouldn't know it from StatsCan data

How serious is food inflation in Canada?If you think food prices are increasing at a much faster pace than what Statistics Canada suggests, you’re likely not imagining it. For a few years, many Canadians have suspected that the federal agency was either underestimating our food inflation or there was some lag between what was going on at the grocery store and…

Politicians are long on promises but short on delivery

None of the major parties have a realistic plan to get the nation’s finances in order

Politicians are long on promises but short on deliveryPoliticians have made promises that will cost tens of billions of dollars during this election. But when it comes time to open their wallets to pay the tab, these party leaders are running to hide in the bathroom while taxpayers cover the bill. Politicians and taxpayers both need to understand a simple truth: there is…

Oil and gas taxes play significant role in Canadian social programs

If the sector disappeared, taxes would have to be increased substantially to provide us with the services we have come to expect

Oil and gas taxes play significant role in Canadian social programsBy Mark Milke and Lennie Kaplan Canadian Energy Centre Between 1969 and 2019, Canadian parents received $499 billion in family allowance payments and children’s benefits from the federal government. That 50-year cost was matched by $505 billion in revenues to governments from the oil and gas sector – except that such taxpayer cash was collected…

Ontario gas prices hit seven-year high

Without taxes, the price of gas per litre today would be sitting at 92 cents

Ontario gas prices hit seven-year highHardworking taxpayers are facing record-high gas prices, and politicians are the culprits driving up the bills. In Ontario, up to 38 per cent of the price of gas that we are charged at the pumps comes from taxes, according to a report released by the Canadian Taxpayers Federation. And that percentage is only set to…

The economic dangers of a new inflationary era

Interest rates will rise dramatically to compensate financial institutions with effects lasting for years

The economic dangers of a new inflationary eraIt’s not entirely clear whether the Canadian and the global economies are heading for a new inflationary era. It may turn out that inflation is not only elevated from recent negligible levels, but escalates, steadily at first, and then dramatically, as it did in the 1960s until the early 1980s. If it does, the havoc…

Why Canadians are walking away from the meat counter

Meat is a luxury in most countries and it’s becoming one in Canada. The good news? Canadians can deal

Why Canadians are walking away from the meat counterThe cost of living has understandably been one of the current federal election’s top issues. Most major parties have included proposed measures to help Canadians, especially those with less means. However, recent data suggest consumers are taking matters into their own hands to save a few bucks. Meat represents a big portion of anyone’s food…

Wealth taxes ultimately cripple economic growth

The rich put their earnings into new ideas, venture capital funds and angel investments

Wealth taxes ultimately cripple economic growthThere has been increasing clamour from some circles to impose a wealth tax upon Canadians. The usual government-expanding social ‘democratic’ pressure and interest groups are especially enthused by the idea. They also claim it’s popular among the public. A one-time tax of three per cent on individuals with wealth above $10 million and five per cent…

O’Toole offers a thoughtful strategy to tackle food inflation

If you feel you’re paying more for food, it’s not an illusion

O’Toole offers a thoughtful strategy to tackle food inflationThe Conservative Party of Canada recently promised to control food inflation for Canadians. It’s an odd promise for a party typically known to embrace market-free conditions but it holds great potential. What makes this promise even more atypical is that Canadians have access to one of the most affordable food baskets in the world, 18th…

Higher mortgage hurdles beat up on working class

The Trudeau government is papering over its policy failures by rationing housing to the working class

Higher mortgage hurdles beat up on working classThere’s no mystery as to why Canada has seen a record-setting housing spike in the past year: negative real interest rates and monetary debasement from federal deficits. Rather than considering fiscal austerity and getting inflation under control, the federal government has opted to ration home buying and exclude those on the margins. Officials have raised,…
1 2 3 16