Turning investors – and prosperity – away at the door

The federal government's disinterest in private-sector investment and entrepreneurship is devastating for Canada's economy

Turning investors – and prosperity – away at the doorBy Jason Clemens and Milagros Palacios The Fraser Institute Confidence in Canada as a destination for business spending is in steep decline. Given the importance of business investment and entrepreneurship to prosperity, the federal government should be concerned. But by all accounts, they're not. The latest evidence of government disinterest comes in the form of last month’s…

Federal budget turned a blind eye to Canada’s economic challenges

Federal Finance Minister Bill Morneau’s budget fails to address sluggish economic growth and declining business investment

By Charles Lammam and Hugh MacIntyre The Fraser Institute Finance Minister Bill Morneau’s 2018 federal budget does nothing to address serious concerns over Canada’s economic prospects or the challenges emerging from the United States. In some respects, the budget makes matters worse by continuing the government’s self-destructive policies of chronic deficit-financed spending and new taxes…

Canada’s phoney debate about carbon taxes

A carbon tax added on top of the various bans, subsidies and tariff we already have in place only worsens regulatory inefficiencies

Canada’s phoney debate about carbon taxesIn the Ontario Progressive Conservative leadership race, all four candidates hoping to replace Patrick Brown oppose carbon taxes, a centrepiece of Brown’s platform. The federal Conservative Party also opposes carbon taxes. Some commentators see this as a betrayal of Conservative free-market instincts because (supposedly) our choice is between inefficient bureaucratic regulation and the enlightened Liberal…

Pipe dreams: Taking pipeline obstructionism to a whole new level

B.C.’s government seems intent on crippling the Canadian economy and tearing apart inter-provincial relations

Pipe dreams: Taking pipeline obstructionism to a whole new levelThe B.C. government has thrown yet another wrench in the gears of the Canadian provincial comity with a declaration that it will create a new regulatory process for pipeline approval and restrict how much bitumen can be moved through pipelines into the province. The government, led by Premier John Horgan, also announced it will create…

Minimum wage hikes serving up uncertainty in food industry

A 32 per cent increase in the minimum wage in 12 months is simply irresponsible

Minimum wage hikes serving up uncertainty in food industryThis is turning into a very challenging year for the Canadian food industry. Recent Statistics Canada numbers indicate that grocers are in trouble. Food inflation is above two per cent for the first time since April 2016. This is typically good news for grocers, increasing their margins. But given major headwinds affecting the industry, grocers…

Pipelines are crucial to national prosperity

The battle between Alberta and B.C. over the Trans Mountain pipeline expansion has broad implications for all Canadians

By Steve Lafleur and Ashley Stedman The Fraser Institute The governments of Alberta and British Columbia are waging an intense trade dispute over the proposed Trans Mountain pipeline expansion, which would run between Edmonton and Burnaby. But the implications extend far beyond those two provinces. The details of the feud have been well-documented. After B.C.’s…

Trudeau fiddles while Canada burns

Canada is becoming a balkanized union of mini-fiefdoms at the mercy of Big Environment and narrow provincial interests

Trudeau fiddles while Canada burnsJustin Trudeau needs to get his priories straight. He's supposed to be the prime minister of Canada, not just another Instagram-friendly international celebrity. Burning issues on the home front need urgent federal attention and a sound hand on the tiller. But Trudeau chooses this moment to fly tens of thousands of kilometres across the world…

Upcoming government budgets must focus on competitiveness

Canadian governments have done nothing to signal to investors, entrepreneurs and businesses that they have a plan to return the country to competitiveness

Upcoming government budgets must focus on competitivenessBy Jason Clemens and Niels Veldhuis The Fraser Institute Canada has become a less appealing place to do business. So as we approach budget season, governments across the country must start paying attention to competitiveness. Higher taxes, new regulations, and uncertainty over access to foreign markets have reduced Canada’s attractiveness to entrepreneurs and businesses. Indeed,…

The green agenda comes at a high cost for Canadians

Government green programs impose costs on third parties. Consumers and taxpayers must pay for those policies, and the environment actually suffers

The green agenda comes at a high cost for CanadiansIn a 1999 interview, the late Nobel Prize-winning economist Milton Friedman remarked that there were good arguments for having government take action to reduce pollution, like smoke from power plants. That’s because the smoke imposes costs on third parties – for example, by dirtying property as well as surrounding public spaces. A power plant produces…

Canada paying the price for pipeline intransigence

Increasingly, the U.S. will compete with Canada for oil export markets, while more of its domestic needs are met by its own producers

If Canada’s governments won’t push to get pipeline projects built, Canadians will be the poorer for it. Canada’s overwhelming dependence on one market for its oil and gas exports comes with a serious price tag. Canadian Western Select crude oil sells at a substantially lower price than oil from other jurisdictions, such as West Texas…