Freeland doubles down despite dismal pre-COVID economic numbers

The government requires a complete 180-degree turn in policy

Freeland doubles down despite dismal pre-COVID economic numbersBy Jason Clemens Milagros Palacios and Niels Veldhuis The Fraser Institute In a recent interview, federal Finance Minister Chrystia Freeland explained the need to focus on economic growth to deal with many of Canada’s fiscal issues, including our high debt levels. Minister Freeland is correct that higher rates of economic growth would solve many of…

Focus on economic growth and millennials will be okay

Focus on economic growth and millennials will be okayBy Niels Veldhuis and Jason Clemens The Fraser Institute Much ink has been spilled on the narrative that millennials and other future generations of Canadians may experience lower living standards than preceding generations. A recent study on wealth inequality, however, challenges this narrative. In reality, from 2010 to 2019, millennials have enjoyed greater increases in…

Capital gains tax hike would cripple investment

Increasing the federal tax would be anti-investment, anti-entrepreneurship, anti-innovation and anti-green

Capital gains tax hike would cripple investmentBy Niels Veldhuis and Jake Fuss The Fraser Institute At a time when the country faces momentous economic challenges, it’s hard to think of a more damaging policy than a capital gains tax hike. Yet rumours persist that prior to the COVID-19 crisis and economic downturn, that’s exactly what the federal government planned to do.…

Is Trudeau government abandoning energy sector?

Is Trudeau government abandoning energy sector?By Niels Veldhuis and Elmira Aliakbari The Fraser Institute After weeks of delay, the federal government finally announced its aid package for the energy sector. To say it’s underwhelming would be an understatement. More than anything, the package announced on Friday confirms that the government of Prime Minister Justin Trudeau sees one of Canada’s most…

Ontario budget update misses mark in face of COVID-19

The plan is based on unrealistic assumptions that pose real risks to Ontario finances and includes spending likely to be ineffective

Ontario budget update misses mark in face of COVID-19By Jason Clemens and Niels Veldhuis The Fraser Institute With all the announcements last week by the federal government, and the drama surrounding the passage of the federal spending bill, the Ontario fiscal update went largely unnoticed. But since Ontario is Canada’s largest province – in population and the size of its economy – so…

Ease temporary layoff laws during COVID-19 crisis

Allowing employers to adjust quickly will improve the chances jobs are waiting for returning workers when the crisis subsides

Ease temporary layoff laws during COVID-19 crisisBy Alex Whalen and Niels Veldhuis The Fraser Institute Aside from the enormous health-related challenges due to the COVID-19 virus, employers and workers are feeling major economic pain with job loss, reduced income and revenue. The ability of businesses to adjust quickly will be key to stabilizing the economy and laying the foundation for recovery.…

Teck decision underscores investment crisis in Canada

There’s been a significant drop in investment across 10 of the 15 major sectors of the Canadian economy, and the federal government is to blame

Teck decision underscores investment crisis in CanadaBy Niels Veldhuis and Ashley Stedman The Fraser Institute Canada has massive investment potential. We have an abundance of natural resources, one of the most highly-educated populations in the world, and reside next to the world’s most successful economy. We’re also among the freest countries in the world, with freedom of religion, assembly, movement and…

Activist Liberal government produces red ink and alienation

Prime Minister Justin Trudeau is following in the footsteps of his father. That’s leading to fiscal calamity and regional dissent

Activist Liberal government produces red ink and alienationBy Jason Clemens, Milagros Palacios and Niels Veldhuis The Fraser Institute As the dust settles from the federal election – which further exacerbated Western frustration, if not outright separatist sentiments – it’s worth considering the policy ebbs and flows of the Liberal Party under Pierre Trudeau and his son Justin. Therein lies the explanation and…

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…

The practical limitations and realities of government

Recognizing those limitations and realities will result in a more effective, focused government that uses taxpayer resources more wisely

The practical limitations and realities of governmentBy Jason Clemens and Niels Veldhuis The Fraser Institute There’s a gap, some might say a chasm, between what advocates for new and expanded government programs imagine government can achieve versus the day-to-day reality of government. Recent Canadian history provides no shortage of examples of ambitious, imaginative initiatives for government. The current federal government, for…

Health-care reform in Canada is coming one way or another

The system's weak performance, rising costs, shifting demographics and a court challenge will all drive change

Health-care reform in Canada is coming one way or anotherBy Jason Clemens and Niels Veldhuis The Fraser Institute There is perhaps no service the government is involved with more personal than health care. When a person or loved one is sick and in need of care, Canada’s failing health system becomes an immediate concern. There’s a general consensus among analysts that Canada is a…

There’s nothing ‘affordable’ about B.C. tax increases

Higher carbon, personal income, payroll, business and residential property taxes will hit B.C. families and make the province less attractive for business

There’s nothing ‘affordable’ about B.C. tax increasesBy Niels Veldhuis and Milagros Palacios The Fraser Institute “Making your life more affordable” has been a dominant rhetorical theme of British Columbia’s government – so much so that its 2018 budget uses the word “affordable” 76 times. Finance Minister Carole James mentioned “affordable” 26 times in her latest budget speech. While making life more affordable…

Ontarians must consider real health-care reform

All three major parties promise massive new spending as the provincial election nears. Better they look to Saskatchewan for ideas

Ontarians must consider real health-care reformBy Jason Clemens and Niels Veldhuis The Fraser Institute Ontarians are less than two weeks away from choosing their next provincial government and polls suggest voters are looking for change, with both the Progressive Conservatives and the New Democrats leading the governing Liberals. Unfortunately, none of the three major party platforms include genuine health-care reform,…

Business confidence in Canada is collapsing

And the reason why is obvious

Business confidence in Canada is collapsingBy Jason Clemens and Niels Veldhuis The Fraser Institute Contrary to the announcement that Ottawa will spend almost $300,000 to discern the reason behind the lack of investment in Canada’s energy sector, there’s actually no great mystery. Kinder Morgan’s recent suspension of non-essential spending on its $7.4-billion Trans Mountain pipeline expansion project is the just…

A flicker of hope in Canada’s gloomy energy climate

B.C.’s proposed tax incentive plan for an LNG facility in Kitimat is a step forward. But more must happen to revitalize Canada's economy

A flicker of hope in Canada’s gloomy energy climateBy Kenneth Green and Niels Veldhuis The Fraser Institute The British Columbia government recently announced it will provide a large tax incentive to promote the building of a natural gas liquefaction and export facility in Kitimat. The announcement is a bright spark in an otherwise gloomy environment for energy transport and export infrastructure. The Kitimat…