New technology will make carbon tax obsolete

The free-market system, human ingenuity and investors and entrepreneurs seeking profits brought these ideas forth

New technology will make carbon tax obsoleteThe Canadian political scene has been riven and toxified by Ottawa’s plans to impose a tax on greenhouse gas emissions on all provinces lacking such a levy. The ostensible goal is to reduce the use of fossil fuels, and thus emit less carbon dioxide (CO2) and methane (CH4, the main component of natural gas and…

Why Canadians are suffering a bankruptcy spike

Interest rate hikes, housing costs, rising taxes and stagnating wages are all crucial. We need to address these problems

Why Canadians are suffering a bankruptcy spikeWhat can't happen won't happen. If incomes are stagnant while taxes, prices and interest rates rise, people will fail to pay their debts – as is the case for 120,000 Canadians every year. The long-term buildup of urban house prices had already made people financially vulnerable and consumer insolvencies in Canada increased by 9.2 per…

Why economists can’t endorse minimum wage hikes

Economists believe that raising the price of low-skilled labour just eliminates many of those jobs

Why economists can’t endorse minimum wage hikesRaising the minimum wage is a popular policy among voters. But economists dispute the value of such a raise. Why the discrepancy? Recent polls from Ontario found strong support for the province’s minimum wage hike. And in the United States, a Pew Research poll in 2016 showed that by a margin of 52 per cent…

The victim industry is out of control in Canada

It’s hard to fault people when simply signing up can net a big lump of money. But the taxpayer is always on the hook

The victim industry is out of control in CanadaA staggering amount of money is being gobbled up by the victim industry in Canada. The Globe and Mail reported on Aug, 17, 2018, that different factions of lawyers involved in what’s termed the ’60s Scoop class action suit are squabbling over $75 million in fees up for grabs for the work they claim to have…

We can’t let outside powers dictate law in Canada

The United Nations Declaration on the Rights of Indigenous Peoples should be treated as nothing more than an aspirational document

We can’t let outside powers dictate law in CanadaThe final report of the Truth and Reconciliation Commission called for the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) to become law in Canada. This is a very bad idea for many reasons. Enacting a law that would make all legislation subject to UNDRIP could render Canada virtually ungovernable. Justice Minister Jody…

Protect yourself against the rising tide of tech-based scams

Just like we change the batteries in our smoke detectors annually, so should we change all our passwords

Protect yourself against the rising tide of tech-based scams“There’s a sucker born every minute,” 19th-century showman P.T. Barnum reportedly said. In fact, the notion predates Barnum – and is just as applicable in the modern era. Con artists take advantage of our default desire to trust. They know how to manipulate people into doing something that under normal circumstances they should be wary…

Four things Canada’s top spy didn’t say

David Vigneault’s recent speech was a slick deflection and thinly-veiled push for broader surveillance

Four things Canada’s top spy didn’t sayWhen David Vigneault addressed the Economic Club, the nation's intelligence chief acknowledged his agency's first rule: “Don't talk.” True to form, he said little in his tightly-scripted remarks on Dec. 4. What the Canadian Security Intelligence Service (CSIS) director left out, though, amounted to glaring omissions. His remarks were misleading at best, dishonest at worst.…

Senior citizens become drug mules as the result of a growing scam

Who is a customs agent more likely to search: a 70-year-old granny carrying a bag of sweets or a scruffy 25-year-old guy?

Senior citizens become drug mules as the result of a growing scamThere are three main methods con men use to trick their mark. They try to gain their sympathy, take advantage of greed, or threaten or extort. If you’re in the wrong frame of mind, your critical thinking skills might shut down. You see and hear what the con man wants you to. But if a…

Cryptocurrency innovation on the chopping block in Canada

Regulations against nonexistent threats fuel unwarranted fears and impede sector development

Cryptocurrency innovation on the chopping block in CanadaAfter the United States and the U.K., Canada has the highest number of blockchain-related projects – thanks to a relatively hands-off approach. Paranoid authorities, however, are set to suffocate innovation with poorly targeted regulations. On Nov. 8, the House of Commons Standing Committee on Finance presented its report, Confronting Money Laundering and Terrorist Financing. It urges…

Should the social media companies be considered monopolies?

How do we regulate the marketplace of ideas without compromising free speech?

Should the social media companies be considered monopolies?Are big social media tech companies such as Google, Facebook and Twitter monopolies? It’s a reasonable question since more and more they’ve come to control the public discussion of ideas. But the answer is not nearly simple. Based on active user counts, Facebook only has 36 per cent of the social network market share. But…
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