Bringing the facts back to the Keystone XL debate

At a time when the U.S. and Canada need it most, Keystone XL will generate more than 50,000 jobs

Bringing the facts back to the Keystone XL debateIn the midst of the COVID-19-caused economic decline and huge job losses, it’s unfortunate that some, including Joe Biden, continue to smear Canada’s oil and gas industry. Biden, the presumptive U.S. Democratic presidential candidate, says if elected, he’ll shut down the Keystone XL pipeline project. The project is under construction, providing jobs to thousands of…

Cryptocurrency regulations don’t serve customers

New Canadian rules shift all the burden and risks to consumers, and may push away investors

Cryptocurrency regulations don’t serve customersBy Daniel Duarte Research associate Frontier Centre for Public Policy Canadian regulators are putting a crosshair on exchanges that hold cryptocurrencies for their clients. This business model, also called a custodial or centralized exchange, is prevalent all over the world but is headed for extinction in Canada, setting back the nascent financial technology (fintech) industry.…

Canada’s debt is piling up again

Our ability to deal with the economic effects of COVID-19 is really a fiscal dividend from the actions of earlier governments

Canada’s debt is piling up againCanada was born in debt and continues to cycle back into deficit spending. According to the Parliamentary Budget Office, the 2020-21 fiscal year may see a federal deficit of over $250 billion. This follows deficits of $14 billion for 2018-19 and nearly $27 billion in 2019-20, based on the federal fall 2019 update. Given a…

COVID-19 creates collision between science, the economy

Science makes evidence-based decisions, while businesses are prepared to underwrite a portion of loss based on risk taking

COVID-19 creates collision between science, the economyThe COVID-19 global pandemic has set science and the economy on a collision course. Governments around the world face a debilitating dilemma: to select appropriate public policy in response to science or the needs of the economy. Canada’s federal, provincial and territorial governments aren’t immune to this dilemma. Should public policy be grounded on scientific…

Why May, Blanchet are dead wrong about oil’s future

Stores will open again, cars and trucks will begin to run and planes will fly. Our lives will continue – and life takes energy

Why May, Blanchet are dead wrong about oil’s futureFederal Green Party Leader Elizabeth May recently said “oil is dead” and her “heart bleeds for people who believe the sector is going to come back.” It’s foolish to assert “oil is dead” at any time, but it’s particularly ignorant to say it in the midst of an unprecedented global crisis. Canadians are relying on…

Mortgage misery awaits too many Canadian families

At the heart of the COVID-19 crisis sits the Canadian Mortgage and Housing Corp. and its low-income borrowers

Mortgage misery awaits too many Canadian familiesThe shutdowns ordered by Canadian governments to slow the spread of COVID-19 have caused unemployment to leap. And put mortgages in peril. Many of the millions of workers laid off have been low-income and lower-middle-income earners. They’re just the sort of people who qualify for home mortgages insured by the federal Canada Mortgage and Housing…

Exploding myths about energy subsidies in Canada

Despite claims by some that ‘oil is dead’ and that the sector is heavily subsidized, the evidence suggests otherwise

Exploding myths about energy subsidies in CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre In the ongoing debate over whether Canada’s oil and natural gas industry will or should survive, one argument often advanced is the notion that oil and gas activity in Canada survives only due to massive subsidies from taxpayers. The debate has been fuelled recently by comments from…

Bold action needed to repair Canada’s economy

In the post-COVID-19 era, government needs to invest in game-changing projects. Here are some good places to start

Bold action needed to repair Canada’s economyThe clamour to reopen the economy has reached a crescendo in many parts of North America. But the global economic impact of the COVID-19 pandemic will be far-reaching for years to come. Canadian historians list 1935 as the year the worst of the Great Depression was over. But the nation really didn’t begin to return…

Will Canada ever pay off the cost of COVID-19?

Very few people have focused on the financial aftermath of the flatten-the-curve pandemic strategies. It’s time we did

Will Canada ever pay off the cost of COVID-19?It has become routine for Canadians to listen to the daily national COVID-19 briefing. We wait to learn about the current state of affairs and whose turn it is to receive financial aid. A million here, a billion there. The programs include: $300 billion to the Office of the Superintendent of Financial Institutions to free…

We can’t continue to live in suspended animation

There’s no evidence that draconian anti-COVID-19 measures were necessary. In the meantime, our economy is wilting

We can’t continue to live in suspended animationThe lockdown to prevent the spread of COVID-19 will saddle the next generation with a crushing debt and enormous social costs. The rationale of emptying schools and shuttering businesses deemed non-essential is to flatten the curve of the spread of the virus. Social distancing measures and closures in general are meant to prevent hospitals from…
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