At least Atlantic Canada leads in something

Unfortunately, it's sales taxes

At least Atlantic Canada leads in somethingThree Atlantic provinces now share the country's highest sales tax rate. It is hardly a noteworthy distinction. On July 1, New Brunswick and Newfoundland and Labrador raised the tax two percentage points to 15 per cent, joining Nova Scotia, which increased its harmonized sales tax (HST) in 2010. Prince Edward Island joins the club in…

Atlantic Canada hurt by Liberal reversal of their own EI policies

By making benefits too easy to access, a cycle of unemployment is created that discourages the pursuit of education

Atlantic Canada hurt by Liberal reversal of their own EI policiesAtlantic Canada’s struggling economy has been dealt another blow by the federal government's decision to make employment insurance (EI) easier to access. Unemployed workers in provinces hit hardest by the energy sector downturn have received the most attention in the EI reforms. Few will argue with extending regular benefits by five weeks to out-of-work recipients…

There is no silver bullet to economic prosperity

No single project or government program will miraculously rescue Atlantic Canada from its depressed economy

There is no silver bullet to economic prosperityBudget season prompts us to reflect on basic economic questions. A good life rule is: don’t put all your eggs in one basket. In public finances, balance is a sign of good management when the objective is a stronger economy and job creation. The same economic wisdom also teaches there are no silver bullets. This…

Atlantic Canada facing an economic crisis

The level of support from other regions of the country has created a dangerous sense of entitlement

Atlantic Canada facing an economic crisisBy David McKinnon and Marco Navarro-Genie Contributors A time of economic reckoning is at hand for Atlantic Canada. Deficits are growing and threaten to become solvency crises. Regional out-migration has slowed down but continues. Remittances from Western Canada are almost certain to fall rapidly. It is time to consider how to rescue Atlantic Canada from the disastrous…