Undoing the damage to the Canadian economy

It will require a major shift in policy at both the federal level and in many provinces

Undoing the damage to the Canadian economyBy Jason Clemens and Niels Veldhuis The Fraser Institute Anecdotes of Canadian firms leaving or diverting investments outside the country have continued unabated from 2018. The federal and many provincial governments seem reluctant to acknowledge this serious flight of capital. Reversing this trend, which is a major impediment to Canadian prosperity and well-being, will require…

When a politician says nothing, it speaks volumes

Jody Wilson-Raybould won't talk about her role in the SNC-Lavalin controversy. And others are being very guarded

When a politician says nothing, it speaks volumesDid you hear the news? A Canadian politician has decided to say nothing on a particular issue. That’s right – absolutely nothing! Whoa! Take it easy, ladies and gentlemen. Put the party hats and streamers back in the box, keep the champagne on ice and tell the marching band to take five – and then…

Trudeau is wrong to back intervention in Venezuela

Apparently it’s wrong for Russia to interfere in U.S. or Canadian elections, but okay for the U.S. and Canada to pick Venezuela’s leader

Trudeau is wrong to back intervention in VenezuelaLast spring, much of the opposition in Venezuela boycotted a presidential election, which they lost. Canadian monitors of the election reported that they “witnessed a transparent, secure, democratic and orderly electoral and voting process” and “felt confident that the result of the elections represents the will of the majority of Venezuelans who voted.” Prime Minister…

Federal spending dangerously near record Canadian levels

Increasing the size and role of government almost always comes with larger deficits, mounting debt and/or tax increases

Federal spending dangerously near record Canadian levelsBy Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute Fiscal prudence is a key aspect of any prime minister’s legacy. The choice to increase the size and role of government almost always comes with larger deficits, mounting debt and/or tax increases. Unfortunately, the federal government under Prime Minister Justin Trudeau has ignored these…

Oil and gas the backbone of the Canadian economy

Oil and gas contributed some $117 billion to Canada’s GDP last year, six times the economic contribution of the Ontario auto industry

Oil and gas the backbone of the Canadian economyWhat was Canada’s biggest business news story of 2018? According to the pundits at The Canadian Press, it wasn’t the giveaway of Canadian oil to Americans for tens of billions of dollars below world prices, caused by a lack of pipelines from Alberta. It wasn’t the loss of tens of billions more in oil and…

CPP contribution hikes penalize workers, dampen the economy

When the government makes employment more expensive, the sure result is fewer jobs

CPP contribution hikes penalize workers, dampen the economyThe federal government began 2019 by taking a bigger bite out of workers’ paycheques: the combined employer and employee Canada Pension Plan payroll tax rose from 9.9 per cent of earnings to 10.2 per cent. It’s the first of five annual payroll tax hikes. By the time the CPP tax hike is fully phased in, a…

Will Canada break up over carbon dioxide?

The federal government and oil-and-gas producing provinces are on a collision course and Alberta may well quit Confederation

Will Canada break up over carbon dioxide?Countries have broken up for very serious reasons: slavery, religion and ethnic tensions, for example. But no country has ever been at risk of breaking up because of a harmless gas like carbon dioxide. Canada could, thanks to an ideologically-driven federal government. Carbon dioxide makes up a tiny portion (.04 per cent) of our atmosphere…

Federal funding is ending but frailty still matters

New Frontiers in Research Fund supported valuable, long-term work. The program replacing it leaves huge gaps

Federal funding is ending but frailty still mattersBy Russell Williams and John Muscedere The federal government has announced the end of funding for its Networks of Centres of Excellence (NCE) program. This is not good news for Canadians. The program has long been touted as the jewel of the federal government’s sciences research support – and programs around the world have been…

Ottawa’s venture-capital handouts offer no positive economic value

When organizations are heavily regulated, funded by taxpayers and unlikely to shoulder losses, they’re private in name only

Ottawa’s venture-capital handouts offer no positive economic valueIf buzzwords were the path to prosperity, Canada would be growing like gangbusters. But it’s not. And the federal government’s Venture Capital Catalyst Initiative (VCCI) – with an expansion announced in Ottawa’s recent economic statement – is a case of lofty words anathema to efficient and healthy capital markets. Once we peel off the feel-good wrapper of innovation…

Why Canadians should embrace the yellow jacket movement

Some Canadians and French believe that their ‘leaders’ are mere followers of a supra-national agenda, not champions for their electorate

Why Canadians should embrace the yellow jacket movement“Canadians do not need to be liberated,” said Canadian Prime Minister Lester B. Pearson half a century ago, after French President Charles De Gaulle lit the fuse for Quebec independence with his famous “Vive la Quebec libre!” speech. But neither of their current counterparts are standing for national freedom, let alone calling for it. President…
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