Published in The Globe and Mail. A trading nation, Canada lives next to what has long been a big welcoming market in a generally competitive free-trading world. That once free American market is fast being restricted by tariffs, for now made passably permeable by the United States-Mexico-Canada Agreement, which is likely to be made more U.S.-protectionist […]
Edited remarks delivered to the School of Policy Studies, Queen’s University, on September 5, 2025.  Introduction: Canada Faces Layers of Economic and Fiscal Challenges There is keen awareness that Canada faces a serious economic challenge – if not a crisis – emanating from the US tariff threat. A desperate attempt is being made to […]
September 4, 2025 – The US tariff threat has exposed the fragility of Canada’s economic model, built on deep reliance on its southern neighbour. But tariffs are only the latest shock. Woeful productivity growth, high public debt, and a tax system that discourages growth have been weighing on the Canadian economy for years, according to […]
From: Tasnim FarihaTo: Housing watchersDate: August 14, 2025Re: Ottawa’s Bold Prefab Housing Bet Needs System Reform to Deliver Prime Minister Mark Carney has wasted no time signaling that innovation will be central to his approach to solving Canada’s housing crisis. His government’s early commitment to modular and prefabricated housing – including the launch of the […]
Innovation fuels economic growth and underpins productivity, but Canadian businesses are less innovative than five years ago. Although small businesses are less likely to be innovative, larger businesses have seen bigger declines in innovation activity. Declines across all types of innovation for all business sizes is a very troubling trend. For more, see Unleashing Innovation: […]
From: Harvey NaglieTo: Banking observersDate: July 29, 2025Re: Canada Can’t Afford to Wait for Open Banking Canada is at risk of becoming the last G7 nation to implement open banking. The federal government has announced a launch target of early 2026. While this commitment is welcome, the timeline is far too slow – and the […]
Canadian firms that actively work to tackle innovation barriers, such as financial constraints or skills shortages, are significantly more likely to innovate than those that don’t act. Catherine Beaudry shows where the biggest gains come from for Canadian businesses.
July 24, 2025 – Canadian firms that actively work to tackle innovation barriers, such as financial constraints or skills shortages, are significantly more likely to innovate than those that don’t act, according to a new report from the C.D. Howe Institute. In “Unleashing Innovation: Barriers, Government Support Programs, and What Works Best,” Catherine Beaudry shows […]
US manufacturing productivity growth has been dismal since the “Great Recession” of 2007-09, with the reasons why a mystery. During that time, growth in Canada’s manufacturing productivity has been on the rise, easily outpacing that of the United States. That’s the good news. However, the gap measured over a longer period remains and we will have to do better to attract manufacturing investments […]
Using a qualitative survey and interviews with front-line workers and decision-makers, we share insights about the most important drivers of and obstacles to innovation in Canadian hospitals.
April 4, 2025 – Canada is facing threats to its economic security and territorial integrity from the US. Responding to these threats is job one, but Canada’s next government must not lose sight of the need to strengthen its economy, according to a new report from the C.D. Howe Institute. In “An Economic Strategy for […]
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