Covert and Kellogg – Crude by Rail, Option Value, and Pipeline Investment
From: Thomas R. Covert and Ryan Kellogg To: Concerned Canadians Date: October 18, 2017 Re: Crude by Rail, Option Value, and Pipeline Investment Between 2010 and 2014, crude-by-rail volumes out of North Dakota grew from essentially nothing to more than 750,000 barrels per day. At its peak, crude oil shippers moved more than 10 percent […]Policymakers Need Not Be Passive Victims To Economic Data Revisions
Policymakers need not be the passive victims of revisions to the economic data they are scrutinizing, according to a report by the C.D. Howe Institute. In “Revisions to Economic Statistics and Their Impact on Policymaking,” Philip Cross, former Chief Economic Analyst at…Revisions to Economic Statistics and Their Impact on Policymaking
Policymakers need not be the passive victims of revisions to the economic data they are scrutinizing, according to a report by the C.D. Howe Institute. In “Revisions to Economic Statistics and Their Impact on Policymaking,” Philip Cross, former Chief Economic Analyst at Statistics Canada, says policymakers can proactively take measures to anticipate revisions. Jon Johnson – Two Bilaterals – The “dopiest Idea I Have Heard This Week”
From: Jon Johnson To: Prime Minister Justin Trudeau and President Enrique Peña Nieto Date: October 17, 2017 Re: Two Bilaterals – the “dopiest idea I have heard this week” In his press conference with Prime Minister Trudeau last week, Donald Trump floated the idea of negotiating two bilateral trade agreements, one with Canada and the […] Wen and Gordon – Do Millennials a Favour. Bring Back Income Averaging
From: Jean‐François Wen and Daniel V. Gordon To: The Honourable Bill Morneau, Minister of Finance Date: October 16, 2017 Re: Do Millennials a Favour. Bring Back Income Averaging Canadians face an unfair tax penalty on swings in their income from year to year, according to research we just concluded for the C.D. Howe Institute. And the […] Paul Thomas – Modernizing the Governance Framework for Statistics Canada
From: Paul Thomas To: Concerned Canadians Date: October 13, 2017 Re: Modernizing the Governance Framework for Statistics Canada In many countries, national statistical agencies face political pressures to collect and report on data in ways that fit with the preferred messages of the government of the day. However, if such agencies are not seen to be […]A Question of Fairness: Time to Reconsider Income-Averaging Provisions
Canadians face an unfair tax penalty on swings in their income from year to year, according to a report released today by the C.D. Howe Institute. In A Question of Fairness: Time to Reconsider Income-Averaging Provisions, authors Daniel V. Gordon and Jean‐François Wen find the tax bite is worst for lower-income Canadians and small business owners. Canadians Face Unfair Tax Penalty On Income Swings, Reform Needed
Canadians face an unfair tax penalty on swings in their income from year to year, according to a report released today by the C.D. Howe Institute. In “A Question of Fairness: Time to Reconsider Income-Averaging Provisions,” authors Daniel V. Gordon and Jean‐François…Dan Ciuriak – Progressive Trade and the NAFTA Renegotiation
As NAFTA renegotiations proceed, the C.D. Howe Institute Intelligence Memos will be looking at what to expect and provide analysis on the latest developments at the table. This post is part of that series. From: Dan Ciuriak To: Concerned Canadians Date: October 12, 2017 Re: Progressive Trade and the NAFTA Renegotiation In the NAFTA renegotiation, Canada is pursuing a […]D. Daniel Sokol – Big Data and Canadian Competition Policy
From: D. Daniel Sokol To: John Pecman, Commissioner of Competition Re: Big Data and Canadian Competition Policy Date: October. 10, 2017 The Canadian Competition Bureau recently released its draft discussion paper on Big Data. The Bureau strikes the right tone in noting that there are both potential benefits and potential drawbacks to Big Data from a […] Is Canada prepared for the next big financial crisis?: Globe and Mail Op-Ed
Canada has unfinished business when it comes to preparing for the next big financial crisis. Certainly, our financial system held up comparatively well in the 2008 crisis, and lots has been done, but we have shortcomings still to address.
When the International Monetary Fund last reviewed Canada’s financial system in 2014, it recommended we do better in managing federal-provincial co-ordination around systemic risk oversight, and improve systemic risk management in capital markets. The IMF will return soon for an update assessment. So the question is, how are we doing?
As argued in a recent C.D. Howe Institute paper, Canadians should expect a higher level of preparedness from all relevant federal and provincial…
Alexandre Laurin – Ottawa Off-Target with Tax Proposals For Passive Investments in Business
From: Alexandre Laurin To: Bill Morneau, Minister of Finance Date: October 6, 2017 Re: Ottawa Off-Target with Tax Proposals For Passive Investments in Business Ottawa’s proposed changes for the tax treatment of income from passive investments in incorporated businesses will not achieve its goal of promoting fairness in the tax system. In a paper released […]