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…

Your standard of living has dropped under Trudeau

Liberal claims of “making life more affordable” since 2015 is hogwash

Your standard of living has dropped under TrudeauBy Franco Terrazzano and Kris Sims There was a clash between reality and the federal Liberal Twitter account last week. The self-congratulatory tweet claimed Liberals have been “making life more affordable” since 2015. When Canadians look at gas prices, grocery store receipts and mortgage payments, that claim might raise eyebrows. Does life feel more affordable…

How we can each deal with inflation

Buying only what we really need eases our budgets, simplifies our lives and cools the economy

How we can each deal with inflationInflation is a relatively new concept to younger people, who have never experienced the onslaught of rising prices. It’s chilling to those who have lived through or learned of times when hard-earned and well-saved money depreciated in value. Monetary policy in Canada aims to keep inflation at or under two per cent. The latest rate…

Rising gasoline prices at the heart of runaway inflation

A climate catastrophe seems in the making. And mitigating the impact of the Ukraine crisis won’t be easy

Rising gasoline prices at the heart of runaway inflationThe Paris-based International Energy Agency is widely viewed with respect, its analyses providing a better understanding of the direction of energy markets and the issues impacting the industry. IEA is the energy watchdog of the Organization for Economic Co-operation and Development (OECD), founded by the likes of Henry Kissinger in the immediate aftermath of the…

Meal kit market in Canada may have peaked

Industry facing headwinds as the economy trends back to normal

Meal kit market in Canada may have peakedMeal kits are to food what IKEA is to furniture: all you need to do is put things together. Meal kits empower consumers to feel like chefs, if only for a while. They have been popular, especially throughout the pandemic. Meal kits provide ideas, ways to manage your meals and some greatly needed inspiration for…

As oil prices rise, global economic uncertainty grows

And OPEC is in no mood to open taps to fill in any gaps created by the absence of Russian crude

As oil prices rise, global economic uncertainty growsThe oil markets are likely to face another round of supply disruptions. Most indicators point to a bullish trend in the near future. After recently announcing the release of over 180 million barrels of crude oil from its strategic reserves (SPR) over the next six months to cool down the markets, the United States government…

Inflation drives a stake through the backbone of the country

Visiting rural Canada, seeing the impacts of high gas prices, is gut-wrenching

Inflation drives a stake through the backbone of the countryI recently visited my mom in Saskatchewan, in a little town up in what’s called the province’s northeast but really isn’t. It’s the parkland border between farms and forests, no further north than Edmonton. The region is sparsely populated; if you drew a circle around Momstown with a 65-km radius, that circle would include maybe…

Policy restrictions have caused the housing crisis

Urban containment regulations on the urban fringe must be relaxed

Policy restrictions have caused the housing crisisFor 18 years, I have been monitoring international housing affordability as author or co-author of the Demographia Housing Affordability series. The latest edition rates 92 major markets in eight nations using the “median multiple”: the median house price in a place divided by the median pre-tax household income. In the early 1990s, median multiples in…

Why cutting Alberta’s gas tax doesn’t offer real relief

Focus on sustainable solutions rather than on short-term ones with strings-attached

Why cutting Alberta’s gas tax doesn’t offer real reliefThe Alberta government stopped collecting its fuel tax at the beginning of April in an effort to provide “real relief” to Albertans impacted by rising fuel and inflationary costs. The tax cut saves motorists up to 13 cents per litre on gasoline and diesel but reduces the provincial revenues by approximately $1.3 billion (nearly three per…

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…

How to cope when shortages become a problem

Demand is booming. It’s supply that is lacking

How to cope when shortages become a problemThis time it’s different. That statement should usually be taken with a grain of salt. But right now, it’s a very good description of what’s happening in the business environment. Market economies function by balancing supply and demand for goods, services and inputs such as labour. When trouble arises, it’s usually in the form of…

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…

Why is StatsCan deleting its food inflation database?

Move raises questions about motive and why the announcement was so quiet

Why is StatsCan deleting its food inflation database?All eyes are on inflation these days, especially at the grocery store. Food is the one thing we need every day and the food choices we make matter a great deal to our budget. To know what's going on with food prices, we turn to Statistics Canada for details. But without fanfare, we just learned…

Energy transition won’t be easy, especially in Canada

Bold vision without a solid grasp of the facts amounts to hallucination

Energy transition won’t be easy, especially in CanadaThe holy grail of “net-zero” is electrification. Over time, this solution to the problem of global climate change envisions that today’s fossil fuel-centric energy system will transition to one run by water, wind, solar, biofuels, hydrogen, nuclear, and – maybe eventually – fusion. In many countries, eliminating fossil fuels in the electric sector is the…
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