Von Finckenstein, Mitchell – Making Bill C-10 Work
From: Konrad von Finckenstein and James Mitchell To: Ministers of Innovation, Science and Economic Development and Canadian Heritage Date: February 8, 2021 Re: Making Bill C-10 Work The government has introduced Bill C-10, an Act to Amend the Broadcasting Act with the main aim of regulating online over-the-top digital services commonly called streamers; Netflix, Amazon Prime and their proliferating, […] Canada Badly Lags Us, Oecd In Business Investment
After improving against international competitors during the 2000s and early in the 2010s, business investment in Canada has slipped badly, lagging investment in the United States and other advanced economies, says a new report published by the C.D. Howe Institute.
In “… From Chronic to Acute: Canada’s Investment Crisis
Canada Badly Lags US, OECD in Business Investment After improving against international competitors during the 2000s and early in the 2010s, business investment in Canada has slipped badly, lagging investment in the United States and other advanced economies. New investment per available worker in Canada in 2020 was about 58 cents for every dollar of […] Marcel Boyer – Government Support For Business Would Benefit From Auctions
From: Marcel Boyer To: Canadians Concerned about Business Grants Date: February 4, 2021 Re: Government Support for Business Would Benefit from Auctions Business support programs from governments are numerous, offered by every level, generally somewhat opaque and costly. They take many forms: a direct grant, a loan at a low (zero) interest rate, a loan guarantee, a reduced […] Debt danger ahead if interest rates outpace growth – Financial Post Op-Ed
A couple of weeks back, Jack Mintz warned Financial Post readers that governments that think low interest rates will let them keep borrowing big are on a dangerous path. As he pointed out, the presumption that deficits are sustainable depends on the rate of growth of the economy exceeding the interest rate. Drilling down, if a government borrows to pay all its interest, its debt will grow at the interest rate. If the economy grows faster than that, the government’s debt-to-GDP ratio can fall even if it also borrows to pay for some of its program spending. But if the interest rate is greater than the rate of economic growth, the government must cover all its program spending with taxes, and then some. Otherwise, its debt grows…
Lynch, Deegan – Five Steps To Sustainable Fiscal Management
From: Kevin Lynch and Paul Deegan To: Finance Minister Chrystia Freeland Date: February 3, 2021 Re: Five Steps to Sustainable Fiscal Management The federal government launched pre-budget consultations last week. Let us hope these lead to a clear and predictable approach to sustainable fiscal management that can be summed up as: Set, Shift, Stop, Switch […] L’illusoire Revanche Des Petits Investisseurs – La Presse Opinion
Quand le vent souffle fort, même les dindes peuvent voler. Pour un temps. À preuve les titres boursiers gonflés à l’hélium par l’action coordonnée de petits investisseurs.
L’appréciation aussi artificielle que spectaculaire d’une poignée d’actions soulève des questions importantes sur les causes profondes et sur les conséquences de ce phénomène, encore trop récent pour être pleinement compris.
Résumons d’abord les faits essentiels, sans entrer dans les détails de la plomberie financière.
Aux États-Unis, des milliers d’investisseurs novices, surtout de jeunes hommes, se sont coordonnés dans un forum du réseau social Reddit pour acheter une douzaine d’entreprises mal aimées, notamment GameStop, AMC et BlackBerry,…
The Rock in a Hard Place: The Difficult Fiscal Challenges Facing Newfoundland and Labrador
Economists Outline Causes and Cures for Newfoundland and Labrador’s Fiscal Woes Leading economists Don Drummond and Louis Lévesque turn a spotlight on the root causes of the province’s current fiscal predicament – and prescribe solutions to help safeguard the province’s financial future. The authors track the province’s current fiscal problems back to 2012/13 when the […] Economists Outline Causes And Cures For Newfoundland And Labrador’s Fiscal Woes
A return to a balanced budget for Newfoundland and Labrador by 2025/26 is “hard, but doable,” say leading economists Don Drummond and Louis Lévesque in a new report from the C.D. Howe Institute.
In “The Rock in a Hard Place: The Difficult Fiscal Challenges Facing… Jon Johnson – At The Crossroads: Buy American And The Us Commitment To The Wto
From: Jon Johnson To: President Joe Biden Date: February 2, 2021 Re: At the Crossroads: Buy American and the US Commitment to the WTO On January 25, you issued an Executive Order respecting application of “Buy American” and other laws requiring a preference in US public procurement for the purchase of goods produced in the […] Robson, Wu – It’s the End of January. Do You Know Where Your City’s Budget Is?
From: William B.P. Robson and Miles Wu To: Municipal Councillors and Ratepayers Date: February 1, 2021 Re: It’s the End of January – Do You Know Where Your City’s Budget Is? Municipal budgets produce some of the most frustrating failures of accountability among Canadian governments. Municipalities are the level of government that matters most in […] Don Drummond on BNN – Newfoundland and Labrador’s challenges will make their recovery even more difficult
Don Drummond, Senior Fellow at the C.D. Howe Institute, joins BNN Bloomberg to discuss Newfoundland and Labrador’s economic state and the long standing issues they face. He says he is optimistic for the province, but needs a government that understands the challenges.