19 steps to reviving Canada’s lackluster economy

We need to increase personal income, improve living standards and pay down the mountain of debt

19 steps to reviving Canada’s lackluster economyThe federal government is preparing a budget to be unleashed on the public and the financial markets sometime in March. We can be terrified at the prospect of more huge debt taken on by our servants on Parliament Hill. Or we can hope they may take a more creative, constructive and growth-generating approach. Here are…

The wasted pursuit of social licence for oil exploration

Canada wasn’t targeted for international outrage because it was a threat to the global climate, but simply because it was an easy target

The wasted pursuit of social licence for oil explorationFor several decades, Canada was the focus of a global attack on its natural resource economy, with its oil sands deposits (the world’s third-largest oil reserve) ranked as public enemy number one. Though only a tiny contributor to global greenhouse gas emissions (about 1.6 per cent of the total), the oil sands were seen as…

Alberta should be at the forefront of the shift to electric vehicles

We need a national mining strategy so Canada can supply the global market with the lithium needed for electric vehicle batteries

Alberta should be at the forefront of the shift to electric vehiclesPolitical pundits, politicians and talking heads in the media for the most part spend very little time watching for disruption and innovation in the marketplace. A global consensus has formed that oil as a form of transportation energy should become a stranded asset. Alberta’s vast lithium reserves mean the province can forget about yesterday and…

Oil prices rise as Texas drops into deep freeze

But how long will the bull run last?

Oil prices rise as Texas drops into deep freezeWith the Brent crude oil price touching $65 last week, markets have entered the hot zone. Inclement weather, the resultant rising demand for heating, a dip in United States output and the unilateral Saudi output cut all helped to tighten the markets, contributing to the bull run. Parts of the U.S. have been in a…

Energy sector key to reviving post-pandemic Canadian economy

2021 perfect opportunity for the feds to demonstrate its commitment to a sector critical to the Canadian prosperity

Energy sector key to reviving post-pandemic Canadian economyIf only the federal government would put its full force behind the energy sector, as it does other critical sectors in the economy. In early October, Prime Minister Justin Trudeau announced he wouldn’t back down from the latest American round of attacks on Canada’s softwood lumber industry. Then, the federal government announced it would pursue…

Insurers walking from oil sands projects defies logic

By every measure, Canada is a beacon of civil, political and economic rights

Insurers walking from oil sands projects defies logicBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past two years, three insurance companies from Europe – Axa, Zurich and Swiss Re – announced plans to stop insuring Canadian oil sands projects, and reduce or entirely eliminate investments in the oil and gas sector. The reason offered is the standard refrain: assumed…

Wealth taxes cripple economic growth

Blocks entrepreneurship, economic growth and jobs

Wealth taxes cripple economic growthThe introduction of a wealth tax in Canada is a recurring subject that has drawn new interest during the current COVID-19 crisis. It’s a temptation best ignored. In the 2020 throne speech, Prime Minister Justin Trudeau said, “The government will also identify additional ways to tax extreme wealth inequality,” arguing that it will help the…

Lockdowns didn’t work; they simply crippled our economy

Quarantining the healthy, while failing to properly protect the most vulnerable, never made sense

Lockdowns didn’t work; they simply crippled our economyBy David Redman and Brian Giesbrecht Frontier Centre for Public Policy Vaccinations are happening and lockdowns will finally end. Politicians, and a supportive media, will tell us that their lockdown policies saved us. But before accepting that claim, should we not take a close look at others who did things differently? The public will be…

Why a wealth tax in Canada is a horrible idea

We naturally tend to rationalize taxes on others. However, the arithmetic is undeniable: we can’t solve our problems by soaking the rich

Why a wealth tax in Canada is a horrible ideaEat-the-rich rhetoric is good politics but bad policy. The wealthy minority contribute precious investment and much-needed employment, but no good deed goes unpunished. The spectre of a wealth tax, which hangs over Canada, epitomizes infantile, self-defeating governance. Last autumn, federal NDP Leader Jagmeet Singh introduced a motion in the House of Commons calling for a…
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