What Canadians can expect in the coming year

The good news? Pandemic under control. The bad news? Very slow growth, high debt, higher taxes, high unemployment

What Canadians can expect in the coming yearThe future is imaginary, said philosopher Baruch Spinoza. We don’t and can’t know what will happen in the future and last year certainly demonstrated that. Nevertheless, the desire to see what the new year will bring always overcomes the future’s inherent mystery. We peer into our crystal balls and bravely prognosticate, knowing full well that…

Alberta’s politicians need to take a pay cut

Alberta’s politicians need to take a pay cutOur politicians are asking Albertans to make massive sacrifices, but most don’t seem willing to make the same sacrifice. Premier Jason Kenney recently announced that Alberta will be heading into its second lockdown and specifically spoke to those it would hit hardest. “I know how devastating today’s announcement and these measures are for tens of…

Fed’s pandemic pandering leaves the working class behind

Fed’s pandemic pandering leaves the working class behindDedicated CBC radio listener that I am, it was hard to hear through the why-everyone-in-Alberta-is-going-to-die narrative that launched the national morning news throughout last week. But thanks to my heritage, I have an ear for loose change. In her fiscal update, federal Finance Minister Chrystia Freeland tossed a happy-hour special onto the bar of the…

Focus on getting aid to families in need

Focus on getting aid to families in needBy Jason Clemens, and Milagros Palacios The Fraser Institute Since its election, the current federal Liberal government has consistently demonstrated its disinterest in targeting spending to those in need and limiting debt accumulation. Despite expected deficits of $381.6 billion this year and $121.2 billion next year, and that the national debt (adjusted for financial assets)…

Federal government approach to finances anything but ‘prudent’

Leaving huge bills for future generations to pay

Federal government approach to finances anything but ‘prudent’By Jason Clemens and Jake Fuss The Fraser Institute Since coming to power in 2015, Prime Minister Justin Trudeau and his finance ministers have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and thought for the future. Acting prudently would mean being judicious about borrowing and debt.…

The Alberta government is not taking too little from taxpayers

It’s time for Alberta’s politicians to start living within taxpayers’ means.

The Alberta government is not taking too little from taxpayersAlbertans have many legitimate beefs with their governments. They have municipal employees having pension parties on their dime. They have a federal government that is getting ready to hammer us with its second carbon tax. And they “have the most inefficient provincial government in Canada by a country mile,” to quote Premier Jason Kenney. But…

Trudeau taking the federal debt to infinity and beyond

The Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months

Trudeau taking the federal debt to infinity and beyondIt’s official: the Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months. That’s the staggering takeaway from Finance Minister Chrystia Freeland’s fall economic statement, and it means Canada’s total federal debt will for the first time shoot past $1 trillion in a few weeks. Critics will argue…

$2 billion(!) payment to dairy farmers all about politics

The Trudeau government is raiding our Covid-19 starved pockets to send $36 from each of us to rich dairy farmers

$2 billion(!) payment to dairy farmers all about politicsAgriculture and Agri-Food Minister Marie-Claude Bibeau chose a Saturday, hours before a long-awaited federal economic update, to offer more non-COVID-19-related compensation to Canada’s supply-managed farmers. Eighty-one per cent of dairy farmers are located in Quebec and Ontario. Compensation was expected but how it was done was a little strange. Few in the industry knew what…

How will we deal with our ever-rising national debt?

How do we sustain large deficits, wind them down and gradually slow the debt accumulation?

How will we deal with our ever-rising national debt?Ordinary Canadians have begun worrying about something that usually only ‘dismal scientists’ – i.e. economists – care about: our alarming federal and provincial deficits and exploding government debt. Putting an economy into lockdown was assuredly going to reduce tax revenues and increase transfers to individuals and businesses to ameliorate the devastation wrought by the COVID-19…

Why oil and gas are fundamental to Canada

The $493 billion in oil and gas revenues paid to governments since 2000 is more than family allowance and children’s benefits since 1970

Why oil and gas are fundamental to CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre Humans are wired to respond to stories that paint a relatable picture of an issue at hand. And those stories are easier to remember. If we repeat a Rex Murphy story about how out-of-work cod fishery workers from Newfoundland saved their homes and marriages by moving…
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