Increasing Regional Competition Drives Lower Cellular Prices Across Provinces

In a recent edition of Graphic Intelligence, we showed that prices for cellular services across Canada declined by almost 17 percent as of December 2019 from a high point in June 2017. This ongoing price decline in cellular services is at the centre of the present debate around the federal government’s aim to further reduce […]

Jim Feehan – The Muskrat Falls Electricity Project: A Hard Lesson

From: Jim Feehan To: Electricity Policy Analysts, ratepayers and politicians Date:  February 25, 2020 Subject: The Muskrat Falls Electricity Project: A Hard Lesson Arm’s length independent assessments of megaprojects are crucial for government decision-making. Governments that give them little weight risk imposing enormous burdens on the public, especially when projects are publicly funded. Muskrat Falls […]

S2 E3 – Austerity and the Economy

When does it make sense to cut spending to reduce government debt? The answer from Harvard’s Alberto Alesina may surprise you, and he tells host Michael Hainsworth it has everything to do with investor confidence.

Quantifying CUSMA: The Economic Consequences of the New North American Trade Regime

February 21, 2020 – The Canada-United States-Mexico Agreement (CUSMA), as amended by the Protocol of Amendment signed December 10, 2019, represents a major overhaul of the now-dated 1994 North American Free Trade Agreement (NAFTA), according to Dan Ciuriak, Ali Dadkhah, and Jingliang Xiao. However, as the authors note in “Quantifying CUSMA: The Economic Consequences of […]

Cusma: Who Wins? Who Loses?

The Canada-United States-Mexico Agreement (CUSMA), as amended by the Protocol of Amendment signed December 10, 2019, represents a major overhaul of the now-dated 1994 North American Free Trade Agreement (NAFTA), according to Dan Ciuriak, Ali Dadkhah, and Jingliang Xiao. …

Canada’s shadow banks are now too big to ignore – National Post Op-Ed

In Canada the financial services sector weathered the 2007-08 global “credit crunch” better than it did in many other developed countries. One argument for why, certainly in contrast to the U.S., was the smaller size of our “non-bank financial intermediation” (NBFI) sector, more commonly referred to as “shadow banking.” But rapid growth in the shadow sector since the crisis suggests this resilience might be under threat. What does that mean for monetary policy, financial stability and regulation? As it turns out, a lot.

Broadly speaking, the shadow sector includes investment funds, private lenders like mortgage finance companies, companies that offer private-label securitization like asset-backed securities, and more. Shadow…

Major Cities Sitting On Huge “surprise” Surpluses

Canadians always hear that their cities are strapped for cash. Yet a new report from the C.D. Howe Institute reveals that Canada’s biggest municipalities ran aggregate budget surpluses of $11 billion in 2018. In “What You See is Not What You Get: Budgets versus Results in Canada’s Major…

CUSMA: Let’s get on with it – Financial Post Op-Ed

Legislation in the form of Bill C-4 to implement the Canada-United States-Mexico trade agreement (CUSMA) was tabled in Parliament last month, has been given second reading in the House, and is now being examined by the Commons Trade Committee.

Once cleared through the committee and ultimately passed into law, it will allow the federal government to ratify CUSMA (Donald Trump may call it “USMCA” but there’s no reason we have to). The U.S. and Mexico have already ratified the agreement. Ninety days after we do, too, it will enter into force. All three countries will then be under legal obligations to comply with its trade-liberalizing provisions. That will be a great benefit to Canada, stabilizing what has been a very stressful…

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