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…

Trudeau in danger of being another ‘all hat/no cattle’ politician

We need a national economic strategy that details Canada's way forward

Trudeau in danger of being another ‘all hat/no cattle’ politicianPrime Minister Justin Trudeau was in Alberta last week doing what he does best – rallying support, acknowledging problems and making positive public statements. But bolder action will be required, and soon. After meeting with Premier Rachel Notley, Trudeau announced that upwards of $700 million in infrastructure funding would be fast-tracked to help struggling Albertans. Regrettably, the problems…

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…

Trudeau is out of touch with Canada’s economic reality

Blissfully unaware of the devastating impact of collapsed resource revenues on the entire nation

Trudeau is out of touch with Canada’s economic realityPrime Minister Justin Trudeau has a penchant for clever quips. He seems to especially relish combining them with digs at Stephen Harper. He told a Davos audience, “My predecessor wanted you to know Canada for its resources. I want you to know Canadians for our resourcefulness.” Besides being a gratuitous shot that hardly dignifies his…

Economic ‘rebalancing’ sets us up for more pain

Smug, self-righteous elites in Ontario looking for a re-emergence of the manufacturing sector are delusional

Economic ‘rebalancing’ sets us up for more painThere’s nothing like an economic downturn to remind westerners why they resent some of the attitudes emanating from the smug, self-righteous elites of Ontario. Some of this clique – not all, but an annoying minority – are exhibiting signs of schadenfreude: you know, barely concealing the glee they feel at Alberta’s and Saskatchewan’s oil-glut driven…

Hasty infrastructure spending in Canada may waste tax dollars

In times of crisis, leaders shouldn't be projecting a sense of panic

Hasty infrastructure spending in Canada may waste tax dollarsCanada faces serious economic challenges as 2016 unfolds, and key leadership in dealing with the economic fallout of falling oil prices and slow economic growth must come from Bill Morneau, Canada’s federal minister of finance. During the recent election campaign the Trudeau government promised that it would jump start the economy with $60 billion in…

Refugees fuel Canada’s economic growth

The arrival of Syrian refugees to Canada will be a humanitarian triumph and, like with previous refugees, a benefit to the economy

Refugees fuel Canada’s economic growthCanada has always had a soft spot for refugees who have shaped our nation’s history, fuelled its economic growth, defined its social fabric and influenced its political direction. This tradition began most significantly in 1783 with the arrival of United Empire Loyalists seeking safe haven from the American Revolution. About 33,000 settled in New Brunswick…

Trudeau government faces challenging economic times in 2016

Its best response to the crisis would be to ensure responsible public finances and a competitive tax environment

Trudeau government faces challenging economic times in 2016The Trudeau government has a full agenda on its plate for 2016 given the global political and economic environment, as well as its own list of election promises. Yet, the fundamental issue that Ottawa must deal with is simple: how Canada will continue to make its economic way in the world given the end of…

Canadian economy will remain sluggish in 2016

The Canadian economy continues to be weighed down by sluggish world growth and dismal commodity markets

Canadian economy will remain sluggish in 2016As the clock ticks down on 2015, it is time to ponder what may lie ahead for the Canadian economy. The near-term picture isn’t particularly heartening. After a disappointing 2015 that included a minor “technical” recession in the first half of the year, Canada looks poised for a somewhat better, but still generally lackluster, performance.…

Economic freedom and Canada’s public policy schizophrenia

The Trudeau and Notley governments appear intent on repeating B.C.'s mistakes from the 1990s and Ontario's today

Economic freedom and Canada’s public policy schizophreniaIn international rankings of economic freedom, Canada has soared past the United States, so it should be no surprise that among sub-national jurisdictions in North America (which encompasses 10 Canadian provinces, 50 U.S. states and 32 Mexican states) three Canadian provinces – Alberta, British Columbia and Saskatchewan – ranked at the top using 2013 data,…