Alberta plays huge role in keeping federal deficit down: report

Even in the depths of recession, the province sent Ottawa $92 billion more than it received between 2014 and 2017: Fraser Institute

Alberta plays huge role in keeping federal deficit down: reportThe federal government’s deficit in 2017 would have reached a staggering $39 billion – instead of the $19 billion recorded – if not for the disproportionate net revenue contributions from Alberta, according to a new study released Thursday by the Fraser Institute. The study, How Albertans Continue to keep Federal Finances Afloat, said that between…

Trudeau government’s reckless spending digging deep hole

Future generations will pay higher taxes to finance today’s debt growth. And what has this record debt brought us?

Trudeau government’s reckless spending digging deep holeBy Jake Fuss and Milagros Palacios The Fraser Institute Throughout its mandate, rather than acting to reduce the federal budget deficit, the Liberal government has made “investments” in the form of more and more spending. Of course, this plan relies on a wave of good fortune – with positive economic growth and higher-than-expected revenues each…

Trudeau’s sunny ways are turning into dark days

Will the Norman affair have more political impact than SNC-Lavalin when voters head to the polls this fall?

Trudeau’s sunny ways are turning into dark daysWhat will be the bigger political scandal involving Prime Minister Justin Trudeau and the Liberal government? SNC-Lavalin is well out in front, but the Norman affair is slowly starting to catch up. It all begins with a $668-million deal signed by former Conservative prime minister Stephen Harper with the Quebec-based shipbuilding company Chantier Davie Canada…

Climate-change strategy offers Sheer a way to win election

How does a Liberal government that can’t campaign on its abysmal record go about gaining re-election?

Climate-change strategy offers Sheer a way to win electionAs the federal election approaches, the Liberal government’s record has become increasingly more difficult to defend. Prime Minister Justin Trudeau’s promise in the last election that he would run only ‘modest’ deficits has burgeoned into a national debt increase that is bigger per person than that racked up by any government in Canadian history, outside…

Alberta to pay a higher carbon tax than Quebec

Liberals “backstop” carbon-tax will lead to $30 a tonne next year for Alberta, 50% higher than the rate currently in place in Quebec

Alberta to pay a higher carbon tax than QuebecBy Jean Michaud and Germain Belzile Montreal Economic Institute New Alberta Premier Jason Kenney has vowed to repeal the provincial carbon levy implemented by the previous NDP government. That tax began in 2017 at $20 a tonne and rose to $30 a tonne before the NDP froze it in protest to delays over the Trans…

Does Canada’s food processing industry face death by regulation?

The trust gap between industry and government has grown, and they’re butting heads more frequently

Does Canada’s food processing industry face death by regulation?Food industries need to be regulated. But the delicate balance between protecting the public and supporting industrial growth may have reached a tipping point in Canada. In the Western world, governments successfully play the anti-business card by implementing regulations so consumers feel someone is looking out for them. But governments are also flirting with populist…

Canada’s upstream oil and gas sector is in intensive care

The economic damage to the energy industry is due largely to government regulatory and tax policies

Canada’s upstream oil and gas sector is in intensive careBy Steven Globerman and Joel Emes The Fraser Institute Canadian oil and gas companies face major problems, in great part due to government policy. Legal restrictions on the expansion of pipeline capacity have restricted exports of oil, shrinking profit margins. The subsequent price decline for Western Canada Select oil spurred former Alberta premier Rachel Notley…

Corporate corruption spreads its wings around the world

Even in our law-abiding, transparent country, graft happens. In some countries, it’s the cost of doing business

Corporate corruption spreads its wings around the worldFederal politics are transfixed by apparent managerial indiscretion yet again. SNC-Lavalin – whose officials have been found guilty of corruption in the past – faces criminal prosecution with consequences that could cripple it if found guilty. The company would face a ban on federal contracts for years, and such a ban could be honoured by…

Budget deficits can increase social inequality

The burden of the debt financing falls on the whole population, and low-income Canadians can least afford to contribute

Budget deficits can increase social inequalityThere’s been much talk about the federal government’s attempts to enact redistributive policies to reduce income inequality in Canada. But the way these measures are funded could increase inequality. One think-tank in Quebec surveyed a panel of 70 policy experts who noted that the latest federal budget would, on the whole, reduce inequality. I contributed…

Canada can only lose in a trade war with China

From canola to peas and soybeans, the Chinese are using our commodities as bargaining chips in a diplomatic dispute

Canada can only lose in a trade war with ChinaCanola was first, and now peas and soybeans. It was highly predictable. And given how things have progressed over the last five months, the situation can only escalate. The Canadian government has pledged to help farmers affected by our epic spat with China. But other than offering cash or support to develop new markets for…
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