Laurin, Robson – The Federal Fiscal Snapshot Has Shown Us The Problem. So What’s The Plan?
From: Alexandre Laurin and William B.P. Robson To: Canadians Concerned about Government Debt Date: July 14, 2020 Re: The federal fiscal snapshot has shown us the problem. So what’s the plan? Last week’s fiscal “snapshot” from Finance Minister Bill Morneau was, as its name implied, a static picture – leaving us hanging about what comes […] Bill Robson on BNN – Bank of Canada report was ‘more pessimistic’ than federal snapshot
Bill Robson, CEO of the C.D. Howe Institute, joins BNN Bloomberg to discuss Tiff Macklem’s first interest rate decision and the Bank of Canada’s monetary policy outlook amid the COVID-19 pandemic.
Jenkins, Kronick – Health And The Economy – With Numbers
From: Paul Jenkins and Jeremy M. Kronick To: Policymakers at all levels of government Date: July 13, 2020 Re: Health and the Economy – With Numbers When the pandemic nature of the COVID-19 virus was finally recognized, Canada acted boldly to contain and control its spread. We didn’t know as much as we know now, […] John Richards – The Employment Key To Healthy Indigenous Communities (iii)
From: John Richards To: Marc Miller, Minister of Indigenous Services, and provincial ministers of education Date: July 10, 2020 Re: The Employment Key to Healthy Indigenous Communities (III) We have surveyed the Community Well-Being Index (CWB) results for First Nation communities, and the centrality of employment for community success in the first two parts of this Intelligence Memo series. […] The Federal Fiscal Snapshot Has Shown Us The Problem. So What’s The Plan? – Globe And Mail Op-ed
The fiscal “snapshot” delivered by Finance Minister Bill Morneau on July 8 was, as its name implied, a static picture – leaving us hanging about what comes next. Like the basketball caught on camera in mid-air as it bounces from rim to rim: Will it go in or out? Or a person teetering on a cliff’s edge: Will she pull back safely or fall? Likewise our fiscally overextended federal government: Will it return to sustainable levels of spending and borrowing, or are Canada’s public finances out of control?
Previous forecasts from the Parliamentary Budget Officer and other projections had muted the shock value of the snapshot’s numbers, but they are alarming. Federal spending in the current fiscal year (2020-21) is now projected to be $…
John Richards – Education the Critical Piece for an Indigenous Urban Agenda
From: John Richards To: Marc Miller, Minister of Indigenous Services, and provincial ministers of education Date: July 8, 2020 Re: Education the Critical Piece for an Indigenous Urban Agenda Since 1981, Ottawa has published the Community Well-Being Index (CWB), an exercise in rating social conditions in individual First Nation and Inuit communities. Using census data, the CWB is […] Internal Trade in Focus: Ten Ways to Improve the Canadian Free Trade Agreement
Boost Internal Trade with Key Reforms to CFTA Reforms to the Canadian Free Trade Agreement (CFTA) could ease access to justice for small businesses and individuals and bolster internal trade. Author Ryan Manucha calls for key reforms to the CFTA’s dispute settlement rules to lessen barriers to interprovincial trade in Canada. “Internal trade barriers divert economic […] Stephen D. Williamson Appointed To C.D. Howe Institute Monetary Policy Council
William Robson, CEO of the C.D. Howe Institute, announces the appointment of Stephen D. Williamson to the Institute’s Monetary Policy Council. “Steve is one of Canada’s most accomplished and versatile…Boost Internal Trade With Key Reforms To Cfta
Reforms to the Canadian Free Trade Agreement (CFTA) could ease access to justice for small businesses and individuals and bolster internal trade, says a new report from the C.D. Howe Institute. In “Internal Trade in Focus: Ten Ways to Improve the Canadian Free Trade…Just a month or two more of this recession and it truly will be the Big One – Financial Post Op-Ed
Economic downturns are never pleasant but this one stands out for all the wrong reasons.
The C.D. Howe Business Cycle Council announced on May 1 that the Canadian economy entered a recession in the first quarter of 2020. Monthly GDP peaked in February, then fell by 7.5 per cent in March and, according to Statistics Canada’s flash estimate released June 30, by a further 11.6 per cent in April. These declines wiped out all the growth in Canadian real GDP since August 2010 and represent the steepest, fastest slide in the 59 years for which we have data.
Though there are some positive signs in May’s economic data — a 1.8 percentage point increase in employment, increases in hours worked, exports and building permits…
Van Dijk, Hodgson – How To Pay For The Covid-19-induced Federal Debt?
From: Peter van Dijk and Glen Hodgson To: Canadians concerned about the recovery Date: July 7, 2020 Re: How to pay for the COVID-19-induced federal debt? COVID-19 forced Canada to take the drastic measure of shutting down its economy, resulting in massive government spending to support individuals and businesses, and unprecedented fiscal deficits and a much higher and rising […] Bill Robson on BNN – Ottawa’s Fiscal Update
Bill Robson, CEO of the C.D Howe Institute, joins BNN Bloomberg with his reaction to the federal government’s fiscal deficit update and how the mounting debt will impact the Canadian economy.