Instead of Creating Vulnerability, Benefits Should Follow the Worker in Canada – The Globe and Mail Op-Ed
Once upon a time, Canadians completed their educations and began a permanent, full-time career, complete with a pension plan and fringe benefits.
For many people today, that life is little more than a fairy tale. The world of work has changed dramatically, and those pension and benefit plans are no longer fringe – they’re now essential. Up to five million people in Ontario alone do not get health benefits from their employers.
Those people are most often in non-standard jobs. They’re self-employed, or have temporary, part-time or contract work. Digital platforms such as Uber or DoorDash added almost 700,000 gig jobs to the Canadian economy between 2005 and 2016.
Health services outside medicare are often…
Edward Iacobucci – The Competition Bureau’s Misguided Approach to Merger Remedies
From: Edward Iacobucci To: Competition law observers Date: March 15, 2023 Re: The Competition Bureau’s Misguided Approach to Merger Remedies It is a fundamental principle of the rule of law that like cases be treated alike. The Competition Bureau has recommended an approach to merger remedies that is inconsistent with this principle. In particular, it has advocated for a […] Duncan Munn – The SVB Collapse was a Tale Foretold
From: Duncan Munn To: Canadians Concerned About Financial Stability Date: March 14, 2023 Re: The SVB Collapse was a Tale Foretold It is said that crises happen slowly at first, and then all at once. Silicon Valley Bank’s shocking 48-hour collapse took many by surprise. Yet trouble signs were apparent, most notably, the classic asset liability mismatch that ultimately […] Ambler, Kronick – The Bank of Canada Didn’t Follow the Fed Last Week: A Good Call
From: Steve Ambler and Jeremy M. Kronick To: Bank of Canada Observers Date: March 14, 2023 Re: The Bank of Canada Didn’t Follow the Fed Last Week: A Good Call Bank of Canada governor Tiff Macklem and the Bank’s Governing Council held course last week, leaving their target for the overnight rate unchanged at 4.5 percent. The day […]Taxonomie Canadienne : Les mains dans le Cambouis – La Presse Op-Ed
On ne peut nettoyer la planète sans se salir les mains, mais le cambouis doit s’arrêter aux coudes pour ne pas en prendre plein la figure.
C’est en moins coloré ce que propose une feuille de route pour établir une taxonomie canadienne afin d’attirer les capitaux dans les investissements verts et ceux dits de transition, en zone grise.
La taxonomie classe les activités économiques en s’appuyant sur des critères ancrés dans la science et les trajectoires menant à la cible net zéro carbone, d’ici 2050.
Le projet est parrainé par 25 banques, assureurs et caisses de retraite, dont la Caisse de dépôt, qui ont pris le relais après l’échec d’une tentative pour atteindre un consensus à plusieurs industries. Il a été…
Goldman, Schwartz, Taylor – How Outdated Foreign Ownership Rules Hurt Competition in Telecom and Other Sectors
From: Calvin Goldman, Larry Schwartz, Richard Taylor To: The Hon. Francois-Philippe Champagne, Minister of Innovation, Science and Industry Date: March 10, 2023 Re: How Outdated Foreign Ownership Rules Hurt Competition in Telecom and Other Sectors The ongoing consultation and discussion paper on the Future of Competition Policy in Canada you initiated is focused primarily on […] Ian Irvine – Excise Taxes on Vaping Products: A Grey Forecast
From: Ian Irvine To: Canadians Concerned About Vaping Date: March 8, 2023 Re: Excise Taxes on Vaping Products: A grey forecast The power to tax tobacco in Canada is shared between federal and provincial governments. The federal government imposed an excise tax on e-cigarette liquid products in October of 2022. If the provinces match that – and Quebec […] Time To Hit The Books: Budgets For Canada’s Big Cities Are Not Up To The Mark
The budgeting practices of many major Canadian cities are needlessly opaque and confusing, says a new report from the C.D. Howe Institute.
In “Show Us Our Money: Fiscal Accountability in Canada’s Cities, 2022,” William B.P. Robson and Nicholas… Tammy Schirle – The Surprisingly Smaller Gender Wage Gap
From: Tammy Schirle To: Canadians concerned about gender equity Date: March 7, 2023 Re: The Surprisingly Smaller Gender Wage Gap The gender wage gap in the private sector has remained smaller after 2019. In many ways this is surprising and could represent a good-news story for International Women’s Day tomorrow. Why surprising? When we saw […] Time to Hit the Books: Budgets for Canada’s Big Cities are Not Up to the Mark
The budgeting practices of many major Canadian cities are needlessly opaque and confusing, says a new report from the C.D. Howe Institute.
In “Show Us Our Money: Fiscal Accountability in Canada’s Cities, 2022,” William B.P. Robson and Nicholas… Parisa Mahboubi – Post-pandemic Youth Job Recovery Needs Help
To: Labour Force Watchers From: Parisa Mahboubi Date: March 2, 2023 Re: Post-pandemic Youth Job Recovery Needs Help COVID-19 and its restrictions hit young Canadians hard because they were overrepresented in industries that suffered most. They were also the principal group affected by the education disruptions that can lead to lower incomes and higher unemployment. Current record low unemployment […] C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate at 4.50 Percent through September, Cut to 4.25 Percent by March of 2024
March 2, 2023 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada hold its target for the overnight rate, its benchmark policy interest rate, at 4.50 percent on March 8th, and keep it at that level for the next six months. By March of 2024, the Council recommends a cut to 4.25 percent.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s CEO, chairs the Council.
Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal…