Tobin, Mahboubi – No Time Like the Present to Fix Our Skills Training
From: Steven Tobin and Parisa Mahboubi To: Labour Force Policy Planners Date: July 25, 2022 Re: No Time Like the Present to Fix Our Skills Training Two years ago, during a pandemic-induced recession, the unemployment rate was in double-digits and nearly three million workers lost their jobs. For the job market, that seems like ages […] Klein, Waverman – Addressing Ageism (II): How to Keep Older Workers
From: Eva Klein and Leonard Waverman To: Canadians Concerned about Prosperity Date: July 22, 2022 Re: Addressing Ageism (II): How to Keep Older Workers Yesterday we outlined the 130-year-old origins of today’s outdated retirement age rules and expectations. We now examine how older workers have fared in the labour market since the pandemic began based on several indicators: […] Klein, Waverman – Addressing Ageism: Keeping Older Workers
From: Eva Klein and Leonard Waverman To: Canadians Concerned About Prosperity Date: July 21, 2022 Re: Addressing Ageism: Keeping Older Workers New Statistics Canada data highlights the gravity of a demographic and economic crisis. The numbers show that 20 percent of the working age population is now between the ages of 55 and 64. For the first time […] We are at a major turning point in the fight against inflation – Globe and Mail Op-Ed
Two economic headlines a week apart – the Bank of Canada’s 1 per cent hike in the overnight rate last week, and the 8.1 per cent year-over-year increase in the Consumer Price Index Wednesday – make clear that we are at a major turning point. The Bank has underlined its determination to get inflation, which it admits it underestimated, back to its 2-per-cent target. Canadians can look forward to lower inflation, and also need to be ready for the recession that will precede it.
Although the Bank’s hike was larger than most forecasters expected, the June CPI report validated the big move. Canadians too young to have experienced inflation like this before are discovering what older Canadians already knew…
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 […] Zhang, Wyonch – Ontario’s Nursing Challenge: How Serious Is It?
From: Tingting Zhang and Rosalie Wyonch To: Ontario Ministry of Health Date: July 19, 2022 Re: Ontario’s Nursing Challenge: How Serious Is It? Nursing understaffing is not a new problem in Ontario, but it is getting worse. Research has shown that the service gap in nursing was alarming before COVID-19. For decades, Ontario has had […] Ottawa’s Review Of The Sr&ed Credit Needs Bolder Thinking
July 19 – Ottawa’s review of the Scientific Research and Experimental Development (SR&ED) program is welcome news, but bolder thinking is needed to substantially improve the effectiveness of the tax credit, according to a new report from the C.D. Howe Institute. In…Tax Support for R&D and Intellectual Property: Time for Some Bold Moves
Ottawa’s Review of the SR&ED Credit Needs Bolder Thinking Ottawa’s review of the Scientific Research and Experimental Development (SR&ED) program is welcome news, but bolder thinking is needed to substantially improve the effectiveness of the tax credit, according to a new report from the C.D. Howe Institute. In “Tax Support for R&D and Intellectual Property: […] Ottawa’s Review of the SR&ED Credit Needs Bolder Thinking
July 19 – Ottawa’s review of the Scientific Research and Experimental Development (SR&ED) program is welcome news, but bolder thinking is needed to substantially improve the effectiveness of the tax credit, according to a new report from the C.D. Howe Institute. In…Bafale, Robson – Canada’s Economy is Decapitalizing
From: Mawakina Bafale and William B.P. Robson To: Canadians Concerned about Productivity Date: July 18, 2022 Re: Canada’s Economy is Decapitalizing Yet another alarming inflation number from Statistics Canada – 7.7 percent year-over-year in May– has underlined that something is seriously wrong with Canada’s economy. Prices are rising fast because spending is rising fast while production is not. The […] Canada keeps making labour market mistakes by missing recession-era opportunities – Globe and Mail Op-Ed
Two years ago, during a pandemic-induced recession, the unemployment rate was in double-digits and nearly three million workers lost their jobs. Yet for the job market, it seems like ages ago. Canada’s job numbers have bounced back, and with national unemployment rates hovering at all-time lows, we are suddenly confronted (again) with labour and skills shortages.
The inability of employers to find workers with the right skills to fill record-high vacancies is dampening Canada’s economic growth and competitiveness. It also affects health care access and contributes to inflationary pressure, disrupting supply chains and, more broadly, limiting our ability to make headway in raising living standards and in transitioning to a lower…
S4 E10: Going Dutch: Choice, Competition and Equity in Healthcare with Rosalie Wyonch
COVID-19 has shone a spotlight on the continuing collapse of Canada’s healthcare system. But the pandemic is only a symptom of an underlying problem. The C.D. Howe Institute’s Rosalie Wyonch tells C.D. Howe Institute Podcast host Michael Hainsworth that bold changes are needed – and we can look to the Dutch model for inspiration. Read […]