Taxing savers is not the solution to Canada’s economic woes

Governments have to stop giving in to populist pressures

Taxing savers is not the solution to Canada’s economic woesNow that the federal election is over, several financial sector experts and economists are turning their attention to the Trudeau government’s promise to raise the corporate income tax rate for banks and insurance companies from 15 per cent to 18 per cent. But while attacking these financial giants can pay off politically, the fact is…

Why I served roadkilll to my investors

When we slow down, look for options and are creative in our thinking, we save money, time and energy

Why I served roadkilll to my investorsIt was my lucky day when Emile told me he had some roadkill in his freezer that he would trade for a couple cases of beer. Not so lucky for the cow that had been hit by the semi on the highway, I guess. Emile told me he had lots of steaks in the boxes…

Wealth taxes ultimately cripple economic growth

The rich put their earnings into new ideas, venture capital funds and angel investments

Wealth taxes ultimately cripple economic growthThere has been increasing clamour from some circles to impose a wealth tax upon Canadians. The usual government-expanding social ‘democratic’ pressure and interest groups are especially enthused by the idea. They also claim it’s popular among the public. A one-time tax of three per cent on individuals with wealth above $10 million and five per cent…

Freeland doubles down despite dismal pre-COVID economic numbers

The government requires a complete 180-degree turn in policy

Freeland doubles down despite dismal pre-COVID economic numbersBy Jason Clemens Milagros Palacios and Niels Veldhuis The Fraser Institute In a recent interview, federal Finance Minister Chrystia Freeland explained the need to focus on economic growth to deal with many of Canada’s fiscal issues, including our high debt levels. Minister Freeland is correct that higher rates of economic growth would solve many of…

Canada’s food security depends on significant policy shifts

Food manufacturing lacks investment, suffers from thin margins, faces additional grocers’ fees and must deal with aging facilities

Canada’s food security depends on significant policy shiftsBy Sylvain Charlebois and Amy Hill Dalhousie University Canadian food and beverage manufacturing plays a key role in supporting farmers and the rest of the food supply chain. The second largest manufacturing sector, food and beverage, contributed $26.5 billion to Canadian gross domestic product (GDP) in 2020. Just 10 manufacturing sectors –  including food manufacturing…

Going digital a business investment that needs to be made

U of A students providing free support to hundreds of business owners looking to create an online presence

Going digital a business investment that needs to be madeWhile Paige Lutz didn’t know what she wanted to do when she joined the Alberta School of Business four years ago, she certainly didn’t foresee herself balancing the final classes of her degree with a University of Alberta-linked job she loves, helping traditional bricks-and-mortar businesses make the jump to virtual. “The fact that I’ve landed…

Why some oil and gas investment was doomed regardless of COVID-19

The Arctic, and all its alluring possibilities, is not part of the future as the energy and investment industries see it unfolding

Why some oil and gas investment was doomed regardless of COVID-19Toronto-Dominion Bank announced recently it won’t loan money toward any oil and gas or related development in the Arctic. While this may elicit joy from the woke anti-fossil-fuel global warmists, this was in reality a very easy decision for TD. So too will it be for others like investment banks, institutional investors, and financial entities…

The misguided mission to cut Canada’s cellphone rates

Price controls undermine investment, remove incentive for innovation and backfire for consumers

The misguided mission to cut Canada’s cellphone ratesThere’s a pervasive belief in Canada that wireless phone service prices are a ripoff. To suggest otherwise is heresy. Countless commentaries provide fodder for this belief, and every few years a politician takes on the purported problem. In the mid-2010s, for example, Industry Minister James Moore supported the entry of Verizon, although the U.S.-based prospective…

Weak oil and gas investment still plagues Canada

While oil and gas investment has grown substantially in other parts of the world, Canada has failed to keep pace

Weak oil and gas investment still plagues CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past decade, one oft-heard claim is that oil and gas is a ‘sunset’ industry, where investment in Canada can be expected to decline given a worldwide flight from oil and investment. However, international data (available from 2009 to 2017) show no such worldwide flight…

Why the stock markets will crash

We have yet to see the damage done to corporate balance sheets. And many consumers will constrain their spending

Why the stock markets will crashOur puppy Winnie died last week. If I was a betting man, I would have said Winnie would have lived to the ripe old age of 12 years old, which is the average life expectancy for a bichon frise. That, however, didn’t come to pass. Winnie was mischievous and playful, and in the end that…
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