Feeble Business Investment Shows Morneau is Right About Economic Stagnation - Financial Post Op-Ed
A core message in former federal finance minister Bill Morneau’s 2022 book, Where To from Here?, is that Canada needs faster economic growth, which requires higher business investment. If Canadian living standards fail to keep pace with those abroad, ever fewer talented people will choose Canada as a place to live and work. The latest numbers make heeding his warning even more urgent.
In his book, Morneau cites figures from the C.D. Howe Institute showing that business investment per available worker — spending on new capital divided by the labour force — has been lower in Canada than in other OECD countries, especially the United States. He laments that raising investment to spur faster growth is not a priority for the…
Once upon a time, Canadians completed their educations and began a permanent, full-time career, complete with a pension plan and fringe benefits.
For many people today, that life is little more than a fairy tale. The world of work has changed dramatically, and those pension and benefit plans are no longer fringe – they’re now essential. Up to five million people in Ontario alone do not get health benefits from their employers.
Those people are most often in non-standard jobs. They’re self-employed, or have temporary, part-time or contract work. Digital platforms such as Uber or DoorDash added almost 700,000 gig jobs to the Canadian economy between 2005 and 2016.
Health services outside medicare are often…
On ne peut nettoyer la planète sans se salir les mains, mais le cambouis doit s’arrêter aux coudes pour ne pas en prendre plein la figure.
C’est en moins coloré ce que propose une feuille de route pour établir une taxonomie canadienne afin d’attirer les capitaux dans les investissements verts et ceux dits de transition, en zone grise.
La taxonomie classe les activités économiques en s’appuyant sur des critères ancrés dans la science et les trajectoires menant à la cible net zéro carbone, d’ici 2050.
Le projet est parrainé par 25 banques, assureurs et caisses de retraite, dont la Caisse de dépôt, qui ont pris le relais après l’échec d’une tentative pour atteindre un consensus à plusieurs industries. Il a été…
