Private Sector Has Important Role In Dealing With China’s Expansionist Ambitions – Globe And Mail Op-ed

A lot of attention at the Carbis Bay G7 summit was focused on promoting free and fair trade in the postpandemic world. While China wasn’t mentioned by name in the final communiqué, the G7 leaders clearly had China in mind. There’s a reference to getting countries to play by World Trade Organization rules, about greater regulations on state-owned enterprises, about controlling trade-distorting subsidies, about forced labour in supply chains – all of which have a clear, albeit unstated, China focus.

All of this attention at the summit, and indeed much of the public discussion on world trade, involves governmental action, meaning treaties and trade agreements of one sort or another, whether at the WTO or at the regional level,…

Louis Lévesque – Provincial Debt Levels (ii): Unsustainable Debt Dynamics

From: Louis Lévesque To: Canadians concerned about debt Date: June 29, 2021 Re: Provincial Debt Levels (II): Unsustainable Debt Dynamics Growth in healthcare spending consistently higher than growth in total revenues is the main factor since 2007 behind the sustained rise in provincial debt to record levels by 2019, as outlined yesterday. Canadian Institute of Health Information and fiscal […]

Power Surge: The Causes Of (and Solutions To) Ontario’s Electricity Price Rise Since 2006 – Globe And Mail Op-ed

Ontario’s electricity sector has struggled with rising system costs for more than a decade. The main solution governments of all stripes have come up with is to shift costs to taxpayers. These subsidies for electricity use now cost taxpayers more than what the province spends on long-term care. It’s time for some proper fixes.

The crux of the problem is the increase in the cost of electricity supply from high-cost contracts signed by the province. At the same time, Ontario has consumed less electricity than forecast by the government when it struck the contracts. With high fixed costs in contracts spread over less demand, the result has been upward pressure on prices, mitigated mainly by your tax dollars.

How can…

Louis Lévesque – Provincial Debt Levels (i): Historic Heights Pre-pandemic

From: Louis Lévesque To: Canadians concerned about debt Date: June 28, 2021 Re: Provincial Debt Levels (I): Historic Heights Pre-pandemic The success story of the Canadian federal fiscal consolidation in the 1990s is well known. Less known is the fact that provincial debt levels followed a largely similar pattern, albeit at lower levels, until 2008. What is even less […]

William B.P. Robson – Brakes, Please, for Your Tag-team Stimulus

To: The Federal Government and Bank of Canada From: William B.P. Robson Date: June 24, 2021 Re: Brakes, Please, for Your Tag-team Stimulus Governments in the advanced economies mounted a massive fiscal response to the COVID crisis. They ramped up spending, mainly on income supports to individuals and businesses, and financed it by borrowing. Central banks also responded on […]

Glen Hodgson – How Is Farm Credit Canada Governed?

Canada’s Crown corporations form a major part of the economy, but rarely draw detailed scrutiny. In his latest C.D. Howe Institute Commentary and in this special Intelligence Memo series, Fellow-in-Residence Glen Hodgson assesses governance at FCC. From:  Glen Hodgson To: Overseers of Crown Corporations Date: June 23, 2021 Re: How is Farm Credit Canada Governed?  Farm Credit Canada’s policy purpose […]

Bank of Canada Should Beware “Mission Creep”

When the Bank of Canada and the Government of Canada renew their inflation targeting agreement later this year, they should beware of mission creep, says former Deputy Governor John Murray. In “Mission Creep and Monetary Policy,” Murray notes that a number of proposals have come…

S3 E13: Bill C-10 with Andrew Coyne and Jeanette Patell

Bill C-10’s attempts to amend Canada’s Broadcasting Act has it performing a high-wire act of its own. Globe & Mail columnist Andrew Coyne and Youtube’s Jeanette Patell sit down with Michael Hainsworth to discuss criticism around Canadian content requirements, and why they feel the bill’s foundational concern is flawed: that the playing field requires leveling […]

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