Fiscal storm brewing in Newfoundland and Labrador

The seriousness of Newfoundland & Labrador’s fiscal problems demand bold and decisive action

Fiscal storm brewing in Newfoundland and LabradorBy Charles Lammam Ben Eisen and Milagros Palacios The Fraser Institute On the easternmost part of the country, a fiscal storm is brewing. Newfoundland & Labrador’s provincial finances are in a dire state. The government’s latest projections have the province facing a nearly $2 billion operating deficit, equivalent to almost a third of its total…

Canada’s former economic leaders now its fiscal laggards

Canada cannot reach its full potential if Alberta and Ontario are economically weak and burdened by unsound fiscal policies

Canada’s former economic leaders now its fiscal laggardsBy Charles Lammam and Ben Eisen The Fraser Institute Not long ago, Ontario and Alberta were the economic engines of Canada, boasting solid rates of economic growth and comparatively sound government finances. How times have changed. Ontario’s economy has deteriorated to the point where it’s now an equalization-receiving “have-not” province. Meanwhile, Alberta has frittered away…

Cash from Ottawa won’t solve Alberta’s deficit problems

Low oil prices aren’t what’s driving Alberta’s fiscal troubles

Cash from Ottawa won’t solve Alberta’s deficit problemsBy Steve Lafleur and Ben Eisen The Fraser Institute The federal government recently announced that it may provide up to $250 milliont to the Province of Alberta under a little-known fiscal stabilization program meant to assist provinces that see sharp declines in government revenue. There’s no doubt that low oil prices have hit the province’s…

Loss of Ontario cropland exaggerated

Ontario cropland has increased since the 1950s, while farming efficiency also improved

Loss of Ontario cropland exaggeratedBy Glenn Fox and Kenneth P. Green The Fraser Institute In the song Big Yellow Taxi, Joni Mitchell beautifully encapsulated angst about the way we use land: “Don’t it always seem to go, that you don’t know what you’ve got till it’s gone. They paved paradise and put up a parking lot.” This lyric resonates…

New Brunswick sinking further into debt

New Brunswick needs a long-term strategy for growth and a reform of its spending model if it is to reverse course

New Brunswick sinking further into debtThe recent New Brunswick budget shows that a series of tax increases and modest spending measures to tackle the province's dire fiscal situation will not mean less provincial debt. Rather, debt will continue to grow under the fiscal plan unveiled last week. To reverse course the province needs to adopt a strategy to grow its…

Kudos, and caveats, for Alberta’s royalty review

The recommendation that the provincial government “seize opportunities to enhance value-added processing” could turn into a fiasco

Kudos, and caveats, for Alberta’s royalty reviewBy Kenneth P. Green and Steve Lafleur The Fraser Institute On Friday, Jan. 29, the Government of Alberta released the long-anticipated report of the Royalty Review Advisory Panel. The review, a campaign promise by the NDP government, was the source of some anxiety in the province. As evidenced in a recent Fraser Institute bulletin, investor…

Albertans must get inventive in health care as oil price slides

Health care needs can’t simply be turned off because provincial revenues are declining

Albertans must get inventive in health care as oil price slidesAs world oil prices and the Canadian dollar slide perilously, Albertans must become more inventive and rigorous in managing their costs – and expectations – especially in high-cost areas like infrastructure, education and health care. Health care is the biggest challenge. We cannot turn off the population’s health care needs simply because provincial revenues are…

Oil is a blessing for Alberta – not a curse

Even in bad times, Alberta benefits significantly from its natural resources

Oil is a blessing for Alberta – not a curseBy Steve Lafleur and Kenneth P. Green The Fraser Institute Ever since oil prices began declining from historic highs, it’s become fashionable to claim that Alberta – and Canada – bet it all on oil and lost. It’s an “I told you so” narrative for those who view natural resources as a curse, rather than…

$137 gets you None of the Above

Ontario byelection candidate Sheldon Bergson legally changed his name to ensure that voters could choose none of the above

$137 gets you None of the AboveHave you ever gone to vote in an election, looked at the list of candidates, and said to yourself, “Man, I’d rather support none of the above.” Well, guess what? Some voters will actually have this opportunity. Sort of. On Feb. 11, a provincial byelection will be held in the Ontario riding of Whitby-Oshawa. The…

Notley government’s royalty retreat a lost opportunity

The industry wins, and Albertans lose, again

Notley government’s royalty retreat a lost opportunityOne can only imagine the panic in the NDP backrooms as oil prices crumpled while the Alberta Royalty Review panel ground its way through the issues: “Guys, times are tough, is this really the hill we want to die on?” Clearly the answer is no; the Review panel released its finding and – no surprise…