It’s time for Canada’s protectionist barriers to fall

Supply management pushed up to 190,000 Canadians into poverty

It’s time for Canada’s protectionist barriers to fallBy Krystle Wittevrongel and Gabriel Giguère New Zealand had never launched a dispute under a free trade agreement until two weeks ago, on May 12, when it launched a trade dispute against Canada under the Trans-Pacific Partnership (TPP),  accusing our government of breaking its promises on dairy imports. This was also the first dispute launched…

The harmful ban on single-use plastic products

A ban will impact some 93,000 jobs in the plastics industry. Most in Ontario

The harmful ban on single-use plastic productsAll signs point to the federal government going ahead with a ban on certain single-use plastic products, which would be a mistake. This restrictive measure will likely not have the effects hoped for, and even if it does, you can be sure that the Canadian economy will suffer from those gains. The Canadian plastics industry,…

Subsidizing public childcare centres is the wrong approach

Subsidize parents instead

Subsidizing public childcare centres is the wrong approachIn order to increase access to daycare services, the Quebec government recently announced the creation of 14,000 new subsidized daycare spaces over the next two years. But with 51,000 children on the waiting list for subsidized child care, there is not a single space available. And despite the government's good intentions, even this modest increase…

A federal dental care program is nothing to smile about

A government-run monopoly could lead to the same problems we see elsewhere in our health care systems

A federal dental care program is nothing to smile aboutOne of the big-ticket items in the most recent federal budget was the new NDP-approved dental care program. Since oral health falls under provincial jurisdiction, the announcement raises several questions as to the application of this program across the country. Expanding access to dental care is a goal we can all get behind, especially when…

With high inflation, capital gains are overtaxed even more

High inflation distorts the application of the capital gains taxes that many of us pay

With high inflation, capital gains are overtaxed even moreBy Valentin Petkantchin and Olivier Rancourt Montreal Economic Institute The 5.7 per cent year-on-year inflation Canada registered in February has not been seen since the early 1990s. Expansionary monetary policies and the economic sanctions accompanying the Russia-Ukraine war suggest that significant inflation is here for a while. High inflation not only erodes our purchasing power,…

Trudeau’s spending spree hitting Canadians families hard

The federal debt is now over $1.26 trillion!

Trudeau’s spending spree hitting Canadians families hardBy Gabriele Giguère and Olivier Rancourt Montreal Economic Institute The Bank of Canada’s decision to increase the policy interest rate by 0.5 percentage points, up to one per cent, was necessary in the current context. The soaring inflation that is hitting the Canadian economy full force, reaching 5.7 per cent in February, must be reined…

We’re paying the price for artificially low interest rates

Very low interest rates provide a perverse incentive for politicians to rack up more debt

We’re paying the price for artificially low interest ratesCanadians are feeling the effects of rising inflation everywhere, from the grocery store to the gas station. In response to the highest level of inflation in three decades, the Bank of Canada recently increased its policy interest rate to 0.50 per cent after holding it steady at 0.25 per cent for two years. In a…

Bay du Nord oil project needs swift approval

Economic benefits crucial to the Newfoundland and Labrador economy

Bay du Nord oil project needs swift approvalWith the market prices of hydrocarbons soaring, accelerated by the Russian invasion of Ukraine, the federal government is once again extending the deadline for making a decision about the future of the Bay du Nord project off the shore of Newfoundland. Division within the Prime Minister’s Office on this project is certainly one of the…

Time to start the shingles vaccination campaign

Approximately one in three adults will suffer from shingles once in their lifetime

Time to start the shingles vaccination campaignThe COVID-19 vaccination effort has put other campaigns on hold, but it has had the side benefit of raising awareness about the importance of vaccines in general. Now let’s use the momentum to launch another program but for shingles this time. Approximately one in three adults will suffer from shingles once in their lifetime, with…

A recipe for successful health care reform

Dragging Quebec’s health care system into the 21st century

A recipe for successful health care reformCalls for substantial health care reform have been ringing across the province of Quebec. It’s time to answer those calls and transform our monopolistic health care system into a mixed, universal system that embraces the value of parallel resources to improve both access and quality of care for patients. The good news is these solutions…

Driving artificial scarcity is not the way to effectively deploy 5G

Any gains in competition are more than outweighed by higher spectrum costs

Driving artificial scarcity is not the way to effectively deploy 5GLast December, the federal government launched a consultation for the auction of the 3800 MHz spectrum to help foster the effective deployment of 5G wireless telecommunications. As in previous auctions, the plan is to set aside a significant part of the available spectrum for smaller players, which the main wireless telecom providers are prohibited from…

The urgent need to end the uncertainty over restrictions

Our policymakers must start reflecting on the consequences of their actions

The urgent need to end the uncertainty over restrictionsThe more time that passes, the more the restrictions on our lives seem to have run their course in the eyes of the population. At least that’s what a February 1st Angus Reid poll indicates: Fifty-four per cent of Canadians believe it’s time to lift the restrictions and let people who have COVID, or who…

Without carbon capture, we will not meet our climate goals

CCUS prevents the release of CO2 and reduces overall accumulation

Without carbon capture, we will not meet our climate goalsScrapping the federal government’s investment tax credit for carbon capture, utilization, and storage (CCUS) technologies would undercut efforts to reach net-zero greenhouse gas (GHG) emissions by 2050 – a goal that Ottawa reaffirmed in November in the COP 26 Glasgow Climate Pact. Yet recently, a group of scientists, academics, and energy system modellers urged just…

To fight inflation, bank rate hike must happen in March

It’s time to tackle the inflation that is undermining our living standards

To fight inflation, bank rate hike must happen in MarchBy Miguel Ouellette and Olivier Rancourt Montreal Economic Institute Despite the recommendations of many economists to raise the target for the overnight rate, the Bank of Canada has decided to maintain the status quo – at least for now. Like these experts, we believe that the central bank must begin gradually raising rates at its…

A desperate plea for the rational usage of ‘experts’ and ‘science’

Rather than a belief in science, believe in the scientific method

A desperate plea for the rational usage of ‘experts’ and ‘science’“Experts Ought to Be On Tap and Not On Top.” – George William Russell, 1910 This quote, which is possibly from a certain George William Russell from Ireland and first seen publicly in an Irish newspaper in 1910, puts forward a crucial insight and piece of wisdom that way too many policymakers seem to have…
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