Don’t be fooled, Canada’s economy is in decline

Private businesses and international investors have lost confidence in Canada as a competitive place to do business

Don’t be fooled, Canada’s economy is in declineBy Niels Veldhuis and Jason Clemens The Fraser Institute It’s an old joke: Why did God create economists? To make weathermen look good. At times like this, nothing could be closer to the truth (full disclosure, we’re economists). Statistics Canada recently released its August economic growth numbers. They show that the economy contracted. Lo and behold,…

New NDP government puts B.C. finances back on shaky ground

The B.C. government has sent a troubling signal that big spending, tax increases and deficits are back as the prevailing fiscal policies

New NDP government puts B.C. finances back on shaky groundBy Jason Clemens and Niels Veldhuis The Fraser Institute During the spring 2017 election campaign, John Horgan convinced many British Columbians that his NDP government would be different than the previous New Democratic regime, particularly when it came to the province’s finances. Unfortunately, the first few months of NDP reign don’t augur well for the…

Canada no cure-all for health care in America

Bernie Sanders' push for 'Medicare for All' in the U.S. should avoid using the Canadian health-care system as its model

Canada no cure-all for health care in AmericaBy Jason Clemens and Niels Veldhuis The Fraser Institute U.S. Sen. Bernie Sanders is making an all-out push to bring single-payer, universal health care to the United States. His “Medicare for All” plan would expand the single-payer model of health insurance for seniors to all Americans. Sanders has been so persuasive that some pundits now suggest…

Planned federal tax hikes could cripple growth

Tax reform proposals will discourage the kind of investment and risk-taking needed to expand Canada’s economy

Planned federal tax hikes could cripple growthBy Jason Clemens and Niels Veldhuis The Fraser Institute Finance Minister Bill Morneau recently made an extraordinary statement that unfortunately encapsulates the federal government’s approach to economic policy. Explaining the government’s proposed changes to small business taxation to CTV, Morneau used the phrase “going after” to describe the approach to extract more taxes from incorporated “professionals…

Headlines about economic growth hide underlying problems

Private businesses and international investors are losing confidence in Canada as a competitive place to do business

Headlines about economic growth hide underlying problemsBy Niels Veldhuis and Jason Clemens The Fraser Institute Given the sensational headlines hyping Canada’s recent economic growth, it’s hard to blame Canadians for being complacent. “Canada's economy steamrolls ahead – 4.5 per cent annualized rate of expansion,” declared the Globe and Mail. “Canada's economy blows away forecasts with 4.5 per cent growth,” proclaimed the…

Don’t just blame speculators for soaring housing prices

Falling interest rates are an often-overlooked contributor to rising home prices in Canada’s most desirable markets

Don’t just blame speculators for soaring housing pricesBy Niels Veldhuis and Josef Filipowicz The Fraser Institute Despite recent measures by British Columbia and Ontario provincial governments, house prices remain high in Canada’s most desirable markets. In fact, after a brief pause during the latter half of 2016, Vancouver home prices are again on an upward trend. Attempts to explain high and rising prices…

Liberal Finance Minister Morneau detached from economic reality

The minister of finance seems worryingly detached from the policies of his ministry, their effect and the state of the economy

Liberal Finance Minister Morneau detached from economic realityBy Jason Clemens and Niels Veldhuis The Fraser Institute Canada’s anemic economic growth should be of the upmost concern to Canadian policymakers – but it’s not. In 2016, the economy had one of its most difficult years, with growth at a mere 1.3 per cent. Looking forward, it doesn’t get much better. The federal Department…

If we want an innovative Canada, stop punishing innovators

The Trudeau government is all talk and no action when it comes to encouraging innovation

If we want an innovative Canada, stop punishing innovatorsBy Jason Clemens, Charles Lammam and Niels Veldhuis The Fraser Institute VANCOUVER, B.C. Mar. 29, 2017 /Troy Media/ – One of the pillars of the federal government’s laudable focus on improving the economy, particularly for middle-class Canadians, is an emphasis on innovation and entrepreneurship. Indeed, it was a centrepiece of the recent federal budget. Unfortunately, some of…

Budget 2017 spells the end of the Chretien Consensus

The Trudeau government’s second budget is just an extension of its first. Deficits continue, debt is growing, spending is up and taxes are rising

Budget 2017 spells the end of the Chretien ConsensusBy Jason Clemens, Charles Lammam and Niels Veldhuis The Fraser Institute A change in budgetary direction would spark real prosperity in Canada. Unfortunately, the current federal government has not learned from at least one predecessor. Former prime minister Jean Chrétien’s second budget in 1995 was historic – it changed the trajectory of federal finances and laid the foundation…

Federal budget 2017 fails the middle class

While the budget is entitled “Building a Stronger Middle Class”, the government’s own projections prove the opposite is actually occurring

Federal budget 2017 fails the middle classBy Niels Veldhuis and Jason Clemens The Fraser Institute In listening to Finance Minister Bill Morneau deliver his government’s 2017 Budget, it’s clearly evident that the minister and his government believe their plan is working. “A year and a half ago, our government set out to deliver the kind of change that would make a…