Atlantic Canada missing out on potential oil and gas boom

Energy sector created more than 20,000 jobs and nearly $7 billion in GDP in 2017 alone

Atlantic Canada missing out on potential oil and gas boomBy Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre Next year will mark 30 years of offshore oil and natural gas production in Atlantic Canada. In that time, Atlantic Canada has been the primary source of human capital for the oil and gas industry in other parts of Canada, while being a significant recipient of…

New Brunswick charts a bold new economic path

The age of internetization has arrived in the province

New Brunswick charts a bold new economic pathThe launch of the McKenna Institute at the University of New Brunswick is confirmation that the age of internetization has arrived in the province. Internetization is a new word I’ve coined to describe the global outreach and electronic connectivity that empowers the 21st century. COVID-19 underlined that internetization has become foundational to our existence. Millions…

New Brunswick’s Acadia region a hidden gem

A naturally beautiful region with equally vibrant people, Acadia is a Canadian treasure

New Brunswick’s Acadia region a hidden gemTroy Media publisher Doug Firby is part of a group of Canadians who call themselves ConnecTour. Starting last May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and sense of community. Watch for their…

CUPE wants its weight in gold – paid for by the taxpayer

Union leaders in New Brunswick demanding nothing less than a 20 per cent raise over the next four years

CUPE wants its weight in gold – paid for by the taxpayerIt seems like nothing short of their weight in gold will satisfy CUPE union leaders in New Brunswick. Over the next four years, CUPE is demanding nothing less than a 20 per cent raise. This would cost New Brunswick taxpayers an extra $158 million per year once fully implemented. It would already be an unrealistic…

Government spending in New Brunswick is about to hit a wall

A $600 million gap exists between what the province currently spends and what it can afford to spend without increasing its debt load

Government spending in New Brunswick is about to hit a wallBased on the mood in government offices in Fredericton, you would think everything is rolling along smoothly with the top down. Yet, the province’s finances are headed straight for a brick wall. According to the independent Parliamentary Budget Officer’s latest report, there’s a $600 million gap between what New Brunswick currently spends and what it…

Atlantic Canada won’t prosper until it kicks the equalization habit

Taxpayers from so-called have provinces can no longer afford to subsidize the Atlantic provinces

Atlantic Canada won’t prosper until it kicks the equalization habitFor many years, there has been debate about equalization and other transfer programs and their impact on Atlantic Canada and other regions. Much of this discussion has been technical and difficult to follow. The debate has also been misleading because it focused on equalization even though equalization is only about a quarter of the net…

Is Canada destined to fall into Greenland’s welfare trap?

If Canada continues to subsidize areas that aren’t economically viable, the standard of living in our country will continue to erode

Is Canada destined to fall into Greenland’s welfare trap?An unusual amount of international attention was given to the Greenland election earlier this month due to plans for a rare-earth mine. This vast country has a population of only 50,000 and is an autonomous territory of the kingdom of Denmark. Denmark transfers US$740 million to a year to help fund Greenland’s government. This huge…

High taxes, red tape keeping entrepreneurs out of New Brunswick

The government needs to get out of the way

High taxes, red tape keeping entrepreneurs out of New BrunswickGetting more people to start up businesses doesn't require an expensive and complex government plan. Government just needs to get out of the way. Saint John, NB Telegraph-Journal columnist David Campbell recently made a strong case for attracting more entrepreneurs to New Brunswick. As he puts it, entrepreneurship brings more and better choices for consumers…

Federal carbon tax hike will hammer New Brunswick economy

Job losses and economic contraction will be substantial

Federal carbon tax hike will hammer New Brunswick economyBy Alex Whalen and Elmira Aliakbari The Fraser Institute As the New Brunswick economy emerges from the COVID-19 pandemic and recession, the federal government’s new plan to raise its carbon tax will have major economic consequences for the province. Under the federal Greenhouse Gas Pollution Pricing Act, the original plan was to raise the carbon…

Higgs government should have stuck with fiscal restraint

The province should have stayed the course with its previous disciplined approach to the pandemic

Higgs government should have stuck with fiscal restraintBy Renaud Brossard Canadian Taxpayers Federation and Kris Rondolo Generation Screwed As the vaccination campaign progresses, finance departments across the country are starting to shift their focus from mitigating COVID’s economic impacts to playing a role in its recovery. As things start to get better, governments can expect their revenues to go up and their…
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