Economic stagnation plagues Canada despite G7 rank

The notion that leading the G7 is evidence of strong economic performance or rapid growth in living standards is not simply off base, it’s dangerous

Economic stagnation plagues Canada despite G7 rankBy Ben Eisen and Finn Poschmann The Fraser Institute Recent forecasts suggest Canada may compete with the United States for the top spot in the G7 in 2020 for economic growth. Those forecasts include one from the International Monetary Fund. Political partisans have since flooded social media with the impressive-sounding factoid that Canada may lead…

Trudeau throwing away Canada’s future for a seat at the UN table

The government has compounded the problem of stalled pipeline projects by adopting UNDRIP, the UN Declaration on the Rights of Indigenous People

Trudeau throwing away Canada’s future for a seat at the UN tableIn 2014, the Supreme Court of Canada issued a stunning decision with profound impact on the future development of our country. For more than a century, Indigenous title had been limited to the immediate environs around settlements. The court ruling vastly expanded it to “tracts of land that were regularly used for hunting, fishing or…

UNDRIP is the slow drip eroding Canadians’ rights

There are good reasons why other countries and previous Canadian governments have consistently refused to fully implement the UN declaration on Indigenous rights

UNDRIP is the slow drip eroding Canadians’ rightsBritish Columbia has become the first province to adopt the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP). And except for the opposition of a determined group of Conservative senators, the federal government would have adopted UNDRIP as actionable law before last fall’s federal election. Re-elected Prime Minister Justin Trudeau has already announced…

Breaking down provincial trade barriers an agonizing ordeal

Breaking down provincial trade barriers an agonizing ordealDespite a struggling economy, Calgary’s restaurant scene is more robust than ever, with new and exciting venues opening regularly. Last week, I attended the media preview of another great restaurant in the downtown area – NUPO, in the Hotel Arts, smack dab in Calgary’s up-and-coming East Village district. NUPO features a predominantly vegetarian menu with…

Federal finances perilous but Morneau oblivious

Canada’s economy is weakening with storm clouds on the horizon while federal finances are woefully unprepared for a recession

Federal finances perilous but Morneau obliviousBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute It’s hard to recall a time when Canada’s finances were so perilously close to rapidly deteriorating with seemingly little or no interest in Ottawa. Federal Finance Minister Bill Morneau has been making the rounds since releasing the fall economic update last month, reassuring Canadians…

Fraser: Infrastructure stimulus spending a waste

Infrastructure projects have very long timelines and by the time shovels hit the ground the recession is usually over and recovery has begun, think tank argues

Fraser: Infrastructure stimulus spending a wasteLooking to discretionary public infrastructure investments as a response to economic downturns may be a poor policy choice, suggests a new study released Wednesday by public policy think-tank the Fraser Institute. The Fiscal Policy and Recessions: The Role of Public Infrastructure Spending report said infrastructure spending is not an effective policy for stimulating the economy…

Business sentiment in the Prairies still weak

The Prairies remain the exception where economic indicators remain weak as energy sector continues to be challenged these days

Business sentiment in the Prairies still weakResults from the winter Business Outlook Survey from the Bank of Canada suggest that business sentiment in the Prairies remains weak while more broadly positive across Canada. “In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales,” according to the survey, released Monday. Key findings of the survey include: Expectations for…

CEO pay: when they deserve it and when they don’t 

CEO pay has increased over the last decade but the increase is perfectly related to the value of their skills

CEO pay: when they deserve it and when they don’t In debates about inequality, some people – including some economists – claim the salaries and compensation of chief executive officers aren’t linked to performance. Essentially, they don’t really earn their money. This claim, repeated ad nauseam in recent years, is misleading to say the least. As noted in my recent study published by the Fraser…

‘Ho hum’ forecast for Canadian economy in 2020

Canadian economic growth 1.7 per cent in 2019 followed by a slight decline of 1.6 per cent growth this year then growth of 1.8 per cent in 2021

‘Ho hum’ forecast for Canadian economy in 2020None of the major trends of 2019 suggest impending economic doom for Canada, but nor do they point to much in terms of upside, says a new report by TD Economics. “In all cases, a ‘ho hum’ economic performance appears to be the best we can hope for . . . Some help will come…

Federal finances on a razor’s edge

The federal government can’t continue to ignore the warning signs of a slowing economy. It should limit discretionary spending now

Federal finances on a razor’s edgeBy Tegan Hill and Jake Fuss The Fraser Institute The recently-released Economic and Fiscal Update demonstrates the federal government’s proclivity for marked increases in deficit-financed spending despite warning signs of a slowing economy. New borrowing and a larger deficit increase the risk to federal finances should a recession occur. The federal update pegs the deficit…
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