Why Canada’s economic forecasts must factor in climate change – Ottawa Citizen Op-Ed
Canada’s Parliamentary Budget Office just did something important and long overdue. For the first time, the country’s official financial watchdog quantified the costs of climate change for Canada’s economy, showing that worsening climate impacts are a drag on economic growth. This is a crucial step in beginning to reduce the economic risks Canada can expect in a warming world.
There’s still a long way to go, however, and recent moves by Australia and the United Kingdom can point us in the right direction.
In Canada, our long-term economic projections are largely based on historical averages of productivity that do not account for the fact that the climate is now changing rapidly, bringing with it more…
Robson, Dahir – It’s Fall – Time Governments Told You Where Your Money Went
From: William B.P. Robson and Nick Dahir To: Canadian Taxpayers Date: September 21, 2022 Re: It’s Fall – Time Governments Told You Where Your Money Went We are more than half-way through September. The fiscal years of Canada’s senior governments ended almost six months ago. If these governments were companies listed on Canadian stock exchanges, […] Miville Tremblay – Les partis de l’économie se « lâchent lousse » !
De la part de: Miville Tremblay A l’attention de: Observateurs économique Date: 7 septembre, 2022 Sujet: Les partis de l’économie se «lâchent lousse»! Une euphorie postpandémique s’empare de nos politiciens en campagne électorale. On aimerait y croire, mais les baisses d’impôt promises par la Coalition avenir Québec (CAQ) et les libéraux posent problème. Ces annonces plairont au plus grand […]Miville Tremblay – Tax Cut Promises on Quebec’s Campaign Trail Seem Unwise
From: Miville Tremblay To: Quebec Election Watchers Date: September 7, 2022 Re: Tax Cut Promises on Quebec’s Campaign Trail Seem Unwise A post-pandemic euphoria grips our politicians on the campaign trail. We would like to join in, but the tax cuts promised by both the Coalition avenir Québec (CAQ) and the Liberals are problematic. They may have broad […] Les partis de l’économie se « lâchent lousse » ! – La Presse Op-Ed
Une euphorie postpandémique s’empare de nos politiciens en campagne électorale. On aimerait y croire, mais les baisses d’impôt promises par la Coalition avenir Québec (CAQ) et les libéraux posent problème.
Ces annonces plairont au plus grand nombre, mais elles aggraveront l’inflation, que ces partis veulent pourtant soulager. Que vaudra une réduction d’impôt, si elle entraîne des paiements hypothécaires plus élevés ?
Ce n’est pas le moment de stimuler une économie en surchauffe, alors que la Banque du Canada hausse les taux d’intérêt pour calmer le jeu.
Cette générosité soudaine provient d’une lecture avec des lunettes roses du Rapport préélectoral sur l’état des finances publiques du Québec.…
Lessons from the Yield Curve: Evaluating Monetary Policy in Different Interest Rate Environments
Bank of Canada Policy Must Adapt to Changing Interest Rate Environments The Bank of Canada needs to take into account prevailing interest rate environments and adjust its monetary policy tools accordingly, finds a new report from the C.D. Howe Institute. In “Lessons from the Yield Curve: Evaluating Monetary Policy in Different Interest Rate Environments,” authors […] Ed Devlin on BNN – The hidden sting in removing stimulus: A tide of new debt
Ed Devlin, Senior Fellow at the C.D. Howe Institute and founder of Devlin Capital, joined BNN Bloomberg and discussed the Bank of Canada being in uncharted territory as it implements quantitative tightening – the shrinking of its balance sheet – while also tightening interest rates. He advised the Bank to be flexible if a flood of new government bonds ends up swamping Canada’s illiquid market.
Ambler, Kronick – Thanks, We Needed That. Why the Bank Move Was the Right One
From: Steve Ambler and Jeremy M. Kronick To: Bank of Canada Governing Council Date: July 20, 2022 Re: Thanks, We Needed That. Why the Bank Move Was the Right One Last week, the Bank of Canada increased the scope of its interest rate increases, raising its overnight rate target by 100 basis points to 2.5 per cent. We […] Von Finckenstein, Denham – Canada Needs Coherent Digital Regulation (II)
From: Konrad von Finckenstein and Elizabeth Denham To: Canada’s Digital Regulators Date: June 16, 2022 Re: Canada Needs Coherent Digital Regulation (II) Yesterday we outlined the regulatory challenges Canada faces in the digital realm as the federal government wrestles with reviews of its competition, Internet regulation and privacy legislation. We pointed to the UK example where initially three agencies […] William B.P. Robson on BNN – Canada’s productivity ‘terrible’ compared to other countries
Bill Robson, CEO of C.D. Howe Institute, joins BNN Bloomberg for reaction to former finance minister, Bill Morneau sounding the alarm on Canada’s economic future. He agrees the current federal Liberal government is not thinking about long-term growth and that Canada is behind on infrastructure development, productivity, and even intangible investments.
David R. Johnson – What Education-Testing Chant Should We Choose in 2022?
From: David R. Johnson To: Ontarians Concerned About Education Date: May 18, 2022 Re: What Education-Testing Chant Should We Choose in 2022? Two chants are on offer: “Hey Ho, Hey Ho, the EQAO must GO!” “Hey Hey, Hey Hey, the EQAO must STAY!” These chants summarize opposing views in […] Robson, Laurin – Ottawa’s Spending Addiction: $2 Billion More Each Month
From: William B.P. Robson and Alexandre Laurin To: Canadian Debt Watchers Date: April 29, 2022 Re: Ottawa’s Spending Addiction: $2 Billion More Each Month “Build back better!” We have heard that a lot since COVID hit – mainly from advocates for government spending, who saw pandemic-related fiscal stimulus, financed by central bank bond purchases, as suddenly making things […]