Please, Santa, what Canada needs for Christmas is slimmer budgets

Published in Financial Post. Initial buzz about last month’s supposedly “generational” federal budget marking a decisive break from the growth-suppressing fiscal policies of the recent past has now faded. In retrospect, far too much of the budget was discouragingly familiar: more upward revisions of projected spending and borrowing, narrowly focused tax measures and — in […]

Canada’s ZEV mandate will leave 450,000 drivers stranded

Published in The Hill Times. Prime Minister Mark Carney’s 60-day review of the federal zero-emission vehicle mandate, and the waiver of its 20-per-cent sales requirement for next year, has sparked plenty of debate. But what does hitting the brakes really mean for Canadians? It’s a chance to reflect and to ask whether the mandate, as […]

After the Budget: Time for Hard Hats and Signs of Progress

From: David Jones To: Budget observersDate: November 17, 2025Re: After the Budget: Time for Hard Hats and Signs of Progress Mark Carney’s budget strategy could not be clearer. It’s “build baby build.” It’s a “generational investment.” It’s “invest more and spend less.” Capital investment is the budget’s uncompromising long-term plan. Tuesday’s budget posts a deficit of […]

Budget 2025 and the worsening public service executive to rank and file ratio

From: Brigid Waddingham and Eugene LangTo: Federal public service observersDate: November 13, 2025Re: Budget 2025 and the worsening public service executive to rank and file ratio “As the size of the public service adjusts, so too, must the leadership” declares Budget 2025, pledging to cut 1,000 executive positions within two years. This accompanies a commitment […]

Rosy Forecasts and Weak Fiscal Anchors in This ‘Generational’ Budget

From: Colin Busby, Don Drummond and Alexandre LaurinTo: Budget watchers Date: November 12, 2025Re: Rosy Forecasts and Weak Fiscal Anchors in This ‘Generational’ Budget Ottawa’s budget lands at a pivotal moment. As a Globe and Mail editorial put it, we have reached a fork in the road. The test for this budget was whether it would […]

Governments Need to Create Winning Conditions, and Not Pick Winners

From: Janice MacKinnonTo: Government spending observersDate: October 21, 2025Re: Governments Need to Create Winning Conditions, and Not Pick Winners A version of this Memo first appeared in the Financial Post. I was Saskatchewan’s finance minister during the fiscal crisis of the 1990s, which we successfully weathered.  I think the current debate about the sustainability of […]

Peter Howitt’s Economic Policy Contributions at the C.D. Howe Institute

From: Colin BusbyTo: Canada’s economic policymakersDate: October 15, 2025Re: Peter Howitt’s Economic Policy Contributions at the C.D. Howe Institute As both a Fellow-in-Residence and International Fellow at the C.D. Howe Institute, Peter Howitt’s thoughtful expression of economic theory for a policymaking audience influenced the thinking of Institute economists long before he won his Nobel prize […]

Crowding Out Growth: Why Government Spending Must Make Room for Investment

Government consumption – exhaustive spending on employees and other inputs – competes most directly with the private sector for resources. When the economy is weak, as in the early 1990s, after the 2008 financial crisis, after the 2014 oil price collapse and during the COVID pandemic, it is natural for government consumption to rise as […]

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