Weak Within and Shaken by Tariffs, Canada Needs a New Economic and Fiscal Model

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 […]

Shaken by Tariffs, Still Weak from Within: Canada Needs a New Economic and Fiscal Model

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 […]

Tariffs Are Exposing Canada’s Deeper Economic Weaknesses

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 […]

Ottawa’s Bold Prefab Housing Bet Needs System Reform to Deliver

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 […]

Canadian Businesses are Less Innovative Than Five Years Ago

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: […]

Canada Can’t Afford to Wait for Open Banking

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 […]

What Drives Innovation? Lessons from Canadian Firms

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 […]

Quels sont les moteurs de l’innovation ? Les leçons apprises des entreprises canadiennes

24 juillet 2025 – Selon un nouveau rapport de l’Institut C.D. Howe, les entreprises canadiennes qui s’efforcent activement de surmonter les obstacles Ă  l’innovation, tels que les contraintes financières ou le manque de compĂ©tences, sont beaucoup plus susceptibles d’innover que celles qui n’agissent pas. Dans « Unleashing Innovation: Barriers, Government Support Programs, and What Works Best », […]

More to do: Lagging the United States severely from 2000 to 2010, Canada’s manufacturing productivity growth has caught up partially since then.

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 […]

Canada Needs a New Economic Game Plan

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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