Taxpayers from so-called have provinces can no longer afford to subsidize the Atlantic provinces
For 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…
Getting 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…
Job losses and economic contraction will be substantial
By 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…
The province should have stayed the course with its previous disciplined approach to the pandemic
By 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…
The province should have stayed the course with its previous disciplined approach to the pandemic
By 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…
A number of restrictions inhibit labour mobility, as well as the free trade of goods and services. And trade barriers add regulatory burdens on businesses
By Ben Eisen and Alex Whalen The Fraser Institute When many people think about threats to free and open trade to Canada, they immediately consider the protectionist outlook of departing U.S. President Donald Trump. In 2020, another obstacle to the free movement of products and people across boundaries has been the COVID-19 pandemic. However, even…
Fiscal federalism, the lifeblood of the region's economy, faces increasing pressure for reform, especially in the post-COVID-19 world
Massive government spending has landed the four Atlantic provinces at the bottom of economic freedom rankings among the 10 provinces and 50 U.S. states, according to the new Economic Freedom of North America report. Newfoundland and Labrador and Prince Edward Island are tied at the bottom, just below Nova Scotia (58th) and New Brunswick (57th).…
By Mark Milke and Ven Venkatachalam Canadian Energy Centre Atlantic Canada struggled to create good-paying jobs long before the COVID-19 pandemic. The multiple reasons include poor policy and high taxes on businesses and individuals. Poor policy reinforces other lousy policy, leading to a self-reinforcing downward economic spiral. For instance, previous governments formed policy forbidding fracking…
By Alex Whalen and Jake Fuss The Fraser Institute New Brunswick faces a large budget deficit and rising provincial debt, thanks to the pandemic – and subsequent increased government spending, a shrinking economy and lower projected government revenues. It’s a situation mirrored in provinces across Canada. More important than this year’s deficit, however, are the…
The economic recovery after the COVID-19 pandemic should include Nova Scotia and New Brunswick lifting restrictions on natural gas fracking. Natural gas prices are low but that won’t last forever. Energy industry observers say the natural gas supply glut existed even well before the pandemic. However, the oversupply problems seem to be worse for American…
For 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…
