China threatens Hong Kong’s economic, personal freedoms

The rule of law and its protection of property form the bedrock of economic freedom, but pressures from mainland China put those attributes in peril

China threatens Hong Kong’s economic, personal freedomsBy James Gwartney and Fred McMahon The Fraser Institute In the Fraser Institute’s latest Economic Freedom of the World ranking, Hong Kong again tops the list as the world’s freest economy. It has occupied this position almost without exception through the past half century – but will it remain there? The foundation for Hong Kong’s…

Trudeau pharmacare could limit drug access, hurt patients 

Canada must cautiously approach any policy change that puts patients, innovation and innovative industries at risk

Trudeau pharmacare could limit drug access, hurt patients Justin Trudeau has promised, if re-elected, to introduce a national pharmacare program. But some cautionary notes must be sounded. The recent announcement was light on details but Trudeau cited his government’s advisory council on national pharmacare. In June, the council released its final report recommending Ottawa provide universal coverage for pharmaceuticals through a national formulary…

Ruling exposes Ottawa’s Indigenous consultation failure

Ruling delaying the Trans Mountain pipeline once again makes it clear we need legislation to clarify what indigenous consultation means

Ruling exposes Ottawa’s Indigenous consultation failureBy Ashley Stedman and Elmira Aliakbari The Fraser Institute In yet another example of the federal government’s failure to get Indigenous consultation right, the Federal Court of Appeal recently ruled that six of 12 legal challenges to the Trans Mountain pipeline expansion can proceed. The result? Canada’s energy sector will continue to face transportation constraints,…

Low-income Canadian families squeezed from both ends

When a dollar earned triggers higher taxes and simultaneously reduces benefits, what’s left to spend or save?

Low-income Canadian families squeezed from both endsA look at effective tax rates across provinces shows that many low-income families in Canada take home 40 cents or less on the additional dollars they earn. The marginal effective tax rate – which accounts for how much you pay in additional income taxes and lose in federal and provincial transfer benefits when you earn…

Canada can learn from Swiss and Dutch drug coverage

Both countries partner with the private sector and expect patients to share the cost of treatment

Canada can learn from Swiss and Dutch drug coverageBy Bacchus Barua and Kristina Acri The Fraser Institute The Liberal federal government seems poised to propose a national pharmacare plan in time for the Oct. 21 federal election. Many proponents note that Canada is the only industrialized country featuring a universal health-care system that doesn’t provide universal coverage for prescription drugs. However, those same…

Quebec’s universal prescription drug program offers valuable lessons

Public coverage in Quebec is not only more generous, but drug approval is more timely than anywhere else in the country

Quebec’s universal prescription drug program offers valuable lessonsAs the Oct. 21 election looms, the government of Prime Minister Justin Trudeau seems poised to make pharmacare a central issue of the campaign. In June, the Advisory Council on the Implementation of National Pharmacare, led by former Ontario health minister Eric Hoskins, tabled a report proposing a single-payer government-run universal drug plan in Canada.…

Federal government’s appetite for spending is a serious problem

To pay for this rapid rise in public debt, future generations will face higher taxes

Federal government’s appetite for spending is a serious problemBy Jake Fuss and Milagros Palacios The Fraser Institute With seemingly little regard for the consequences, the current federal government has increased spending throughout its mandate with no sign of change any time soon. This spending trend has been a stark departure from promises made during the 2015 election campaign, when the Liberals pledged to…

We must get federal government spending in check

Despite higher-than-budgeted revenues, there’s been no reduction in the federal deficit in the last four years

We must get federal government spending in checkBy Jason Clemens, Tegan Hill and Milagros Palacios The Fraser Institute The period from the mid-1960s to 1995 was terrible for federal government finances in Canada. The government borrowed every year but one, interest costs consumed ever-greater shares of revenues, the country’s debt ballooned, and we came within a hair of a currency and debt…

Bad budget decisions make Canada vulnerable

Deficit finances put the country in a difficult situation as hints of recession abound. And the Liberal government doesn't seem to care

Bad budget decisions make Canada vulnerableBy Tegan Hill and Milagros Palacios The Fraser Institute The latest economic news foreshadows recession. Canada’s persistent government deficits will only worsen the situation. Recently, the U.S. stock market had its worst day in 2019, plunging 800 points. The bond market is showing weakness with short-term interest rates higher than long-term ones, a situation that…

Say no to a carbon tax, for the sake of your children

Research shows that only those born 45 years after a carbon tax is implemented will see any benefits that outweigh higher energy prices

Say no to a carbon tax, for the sake of your childrenI work on environmental and energy economics in both Canada and the United States. I’ve noticed that U.S. debates tend to focus on abstract principles – “capitalism versus socialism,” for example – whereas Canadians tend to put aside ideology and inquire about the empirical details. In this context, and as Canada’s political parties rollout their…