Parisa Mahboubi – Canadian Youth Faced a Double Hit from Pandemic
To: Canadian Youth From: Parisa Mahboubi Date: August 19, 2022 Re: Canadian Youth Faced a Double Hit from Pandemic Today’s labour market is tight and the kids aren’t alright. During the pandemic, young Canadians experienced education and work disruptions that led to income losses, high unemployment and likely learning losses. Although the record high youth […] Weak Capital Investment in Canada Hurts Canadian Workers
The higher a country’s stock of business capital, the better its workers are equipped to produce, earn and compete. Countries with abundant capital relative to their workforces earn higher incomes, and countries that add to their capital stocks faster can anticipate faster growth of living standards. Unfortunately, recent comparisons to other developed counties in the […] Dan Ciuriak – Counting the Cost (IV) – The Cumulative Global Economic Cost of the War
From: Dan Ciuriak To: Canadians Concerned about Ukraine Date: August 17, 2022 Re: Counting the Cost (IV) – The Cumulative Global Economic Cost of the War We conclude our series on the economic costs of Russia’s invasion of Ukraine by summarizing the bill that should be sent to the Kremlin. The direct economic costs include the value of destroyed […] R&D tax credit review needs to focus on the right issues – Financial Post Op-Ed
Canada is not keeping up in the global competition for innovation-led growth and prosperity.
Our research and development intensity is low relative to other countries and not enough of our inventions are commercialized at home. Can Ottawa’s current review of the Scientific Research and Experimental Development (SR&ED) tax credit announced in its last budget make a difference?
In principle, yes, but early indications are that the review will focus on issues of dubious merit or those that would best be handled with new measures rather than by modifying SR&ED.
The federal review has two objectives. The first is to assess whether the SR&ED program is effective in encouraging R&D that benefits Canada. The…
Decapitalization: Weak Business Investment Threatens Canadian Prosperity
Recent high inflation shows starkly that the Canadian economy’s ability to produce goods and services is not keeping up with surging nominal spending. One key suspect in the economy’s disappointing ability to produce is a declining stock of business capital per available worker – that is, member of the labour force. Business investment in […] A Threat to Prosperity: Canada Should Mind the (Business Investment) Gap
Business investment in Canada is so weak that capital per member of the labour force is falling, and the implications for incomes and competitiveness are ominous. Governments, particularly the federal government, need to get serious about growth to…Charles DeLand – What is the Actual Plan? Long-lived Investments Need Consistent Signals
From: Charles DeLand To: Canadians Concerned about Prosperity Date: August 15, 2022 Re: What is the Actual Plan? Long-lived Investments Need Consistent Signals Russia’s Ukraine invasion has grabbed the world’s attention and understandably drawn focus to energy security. Despite overwhelming and vocal political support for Ukraine, governments are still only offering mixed signals and shifting […] William B.P. Robson on BNN – What’s the Matter with Canada’s Business Investment?
Bill Robson, CEO of the C.D. Howe Institute, joined BNN Bloomberg to discuss its latest report that explores why business investment in Canada is lagging so far behind other developed economies. He says Ottawa needs to invest in non-residential construction, machinery and intellectual property to equip Canadians with the incomes required to afford the high cost of living.
Dan Ciuriak – Counting the Cost (III)
From: Dan Ciuriak To: Canadians Concerned about Ukraine Date: August 12, 2022 Re: Counting the Cost (III) Our third Intelligence Memo shows the largest cost of the Ukraine invasion: the human cost. To an individual, life is priceless. However, governments conducting cost-benefit analysis to evaluate regulatory policies routinely and bloodlessly assign a value to a “statistical life” (VSL) and […] Dan Ciuriak – Counting the Cost (II)
From: Dan Ciuriak To: Canadians Concerned about Ukraine Date: August 11, 2022 Re: Counting the Cost (II) Yesterday we looked at the physical damage inflicted on Ukraine by Russia’s invasion. Today we estimate the forgone future economic output of the combatant countries. Compared to an IMF forecast of October 2021, Ukraine will realize a loss of GDP of about US$100 […] Dan Ciuriak – Counting the Cost (I)
From: Dan Ciuriak To: Canadians Concerned about Ukraine Date: August 10, 2022 Re: Counting the Cost (I) In this first Intelligence Memo based on my new C.D. Howe Institute paper, we count the economic cost of the physical damage to Ukraine’s economic and civilian infrastructure of Vladimir Putin’s invasion of Ukraine, now approaching six months old. As of the […] S4 E12: Canada’s 2030 ERP and the Future of Alberta’s Oil Patch with Kent Fellows
Canada’s Emissions Reduction Plan (ERP) is missing details required to make informed decisions about a way forward. And 2030 is right around the corner. But C.D. Howe Institute Fellow-in-Residence Kent Fellows tells host Michael Hainsworth he’s optimistic Canada’s oil patch will remain competitive for years to come even if the ERP doesn’t factor it in.