Martin Eichenbaum Appointed As A C.D. Howe Institute International Fellow
William Robson, President and CEO of the C.D. Howe Institute, announces the appointment of Martin Eichenbaum, the Charles Moskos Professor of economics at Northwestern University, as an International Fellow. “Professor Eichenbaum is an outstanding macroeconomist,”…The High Cost of Getting Ahead: How Effective Tax Rates Affect Work Decisions by Lower-Income Families
Secondary earners in low-income families, usually the mother, face punishingly high tax burdens, according to the latest report from the C.D. Howe Institute. In “The High Cost of Getting Ahead: How Effective Tax Rates Affect Work Decisions by Lower-Income Families,” author Alexandre Laurin finds that various federal and provincial government benefit programs, once they are […] Working Moms Face High Tax Burden
Secondary earners in low-income families, usually the mother, face punishingly high tax burdens, according to the latest report from the C.D. Howe Institute. In “The High Cost of Getting Ahead: How Effective Tax Rates Affect Work Decisions by Lower-Income Families,” author…Two Blessings And A Curse Facing Alberta’s Oil Industry: Globe And Mail Op-ed
With the low price of oil today, many Albertans have long faces. Some believe we’re witnessing the beginning of the end of the oil patch, but I disagree – Alberta’s oil industry still has a promising future. However, it won’t happen automatically. Serious effort and good policy will both be required.
There are two blessings and one curse related to the future of the industry.
The first blessing is the oil itself. Alberta has a fabulous endowment of something the world desperately needs and will continue needing for many years. With the current low oil price, one might conclude that the world isn’tthat interested in Alberta’s oil any more. But don’t be blinded by the short term. As the world economy continues to grow…
Looking for Liquidity: Banking and Emergency Liquidity Facilities
The Bank of Canada should start preparing for the next financial crisis, according to a new C.D. Howe Institute report. In “Looking for Liquidity: Banking and Emergency Liquidity Facilities,” author Jeremy Kronick urges the Bank (BoC) to establish new permanent liquidity pools that would be instantly available in times of crisis. Bank Of Canada Should Prepare Now For The Next Financial Crisis
The Bank of Canada should start preparing for the next financial crisis, according to a new C.D. Howe Institute report. In “Looking for Liquidity: Banking and Emergency Liquidity Facilities,” author Jeremy Kronick urges the Bank (BoC) to establish new permanent liquidity pools…True test of Alberta royalty review will be its real world application: Edmonton Journal Op-Ed
The much-anticipated Royalty Review Advisory Panel report has received wide acclaim – and deservedly so. It put forward solid principles to shape a modern royalty system. But the real test will be in the design details that emerge in the next two months. Much could go wrong.
The panel recommended no major changes to the oil sands regime.
But it suggested modernizing royalties on conventional oil and gas wells. The key principle that the panel recommended was that a modern royalty emulate a “revenue minus cost” approach. Under the modern royalty framework, starting in 2017, companies will pay only a minimal, flat royalty rate until their total revenues equal their costs. Companies receive a drilling and completion cost…
J. Rhys Kesselman Re-appointed As A C.D. Howe Institute Research Fellow
William Robson, President and CEO of the C.D. Howe Institute, announces the appointment of J. Rhys Kesselman, professor and Canada Research Chair in Public Finance at Simon Fraser University, as a Research Fellow. “Rhys is one of Canada’s leading tax experts,”…Amid avalanche of lost jobs, confusion reigns about EI eligibility: Globe and Mail Op-Ed
The brunt of Canada’s economic woes is falling on a few resource-based provinces. This avalanche of lost employment – Alberta lost 10,000 jobs in January – calls for a close look at our employment-insurance system, which maintains regional inequities by treating some workers much more generously than others.
As the first layer of Canada’s social safety net, EI gives recently laid-off workers some income stability and acts as an economic stabilizer. Do enough of these workers obtain access to benefits? For the most part, yes, but coverage could still improve.
EI eligibility is broadly misunderstood, which generates a fragmented, unruly policy discussion on how to improve the program. Confusion reigns partly…
The Common Room: Bank of Canada Should Prepare Now for the Next Financial Crisis
How should the Bank of Canada start preparing for the next financial crisis? Read the full report Job One is Jobs: Workers Need Better Policy Support and Stronger Skills
Canada’s policy makers should focus on four priorities to spur growth in Canada’s economy, according to a new report from the C.D. Howe Institute. In “Job One is Jobs: Workers Need Better Policy Support and Stronger Skills,” author Craig Alexander outlines the key policy priorities that will reduce Canada’s labour market vulnerabilities.