Did the Trump administration just side with Canada in a treaty dispute?

Published in The Globe and Mail. We have become inured to the disdain of the Trump White House for international treaties and agreements as it wages trade wars against the world. Tariffs have been applied willy-nilly, contrary to fundamental rules of the World Trade Organization, resulting in global chaos and supply chain unpredictability as we try to figure […]

We Need to Worry More About Canada’s Economic Growth

Published in The Globe and Mail. Recent Canadian economic forecasts show a similar profile of modest growth this year and next. Those predictions – from the Parliamentary Budget Office, Desjardins, Deloitte Canada, TD Economics and others – show the economy strengthening subsequently, returning the rate of unemployment to a level that is low by historical […]

We Need to Get Going on Canada’s Four-Alarm Productivity Emergency

From: William B.P. Robson and Mawakina BafaleTo: Productivity observersDate: October 1, 2025Re: We Need to Get Going on Canada’s Four-Alarm Productivity Emergency Eighteen months ago, Bank of Canada senior deputy governor Carolyn Rogers declared Canada’s poor productivity a national emergency. Since then, things have gotten worse. Our living standards are slipping: output and incomes per Canadian […]

Canada’s Growing North American Competitiveness in Prefabricated Construction

Canada and the United States are each other’s largest trade partners in prefabricated buildings and components. In recent years, the trade balance has shifted, with Canada now exporting more prefabricated buildings and components to the United States than it imports. This shift signals Canada’s growing competitiveness in prefabricated construction and its potential role in strengthening […]

Arithmetic Upends the Trump Mercantilist Fallacy

From: Steve Ambler and Jerzy Konieczny To: Trump administration observersDate: September 23, 2025Re: Arithmetic upends the Trump mercantilist fallacy This summer, the Trump administration announced trade deals with Japan and the European Union. Each involved lower barriers to US exports, more foreign direct investment into the United States, and higher US tariffs on EU and […]

Trumpian mercantilism, meet basic arithmetic

Published in Financial Post. This summer, the Trump administration announced trade deals with Japan and the European Union (EU). Each involved lower barriers to U.S. exports, more foreign direct investment (FDI) into the U.S., and higher U.S. tariffs on EU and Japanese goods. The U.S. looked like it was winning on all fronts. According to […]

The case for a rate cut was clear, but the future remains cloudy

Published in The Globe and Mail. On Wednesday, the Bank of Canada cut its policy rate by 25 basis points to 2.5 per cent. The cut was widely anticipated by financial markets. The cracks in the Canadian economy we mentioned in these pages after the bank’s last announcement in July have become far more visible. Gross domestic […]

The Three Big Challenges Facing Parliament Next Week

From: Colin BusbyTo: Parliament watchersDate: September 12, 2025Re: The Three Big Challenges Facing Parliament Next Week Three big policy issues will be the focal point when Parliament resumes next week. The government faces a challenging balancing act as it works against the backdrop of a weakening economy – the unemployment rate is at 7.1 percent […]

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