Two fiscal statements, a common debt problem

The federal and Ontario governments need to present deficit-reduction plans with a credible target dates now

Two fiscal statements, a common debt problemThe Ontario and federal governments will release their fall fiscal and economic statements this month. Despite a tendency to compartmentalize these separate events, in reality, there’s only one taxpayer. And when the fiscal debt situations of the provincial and federal government are combined, Ontario taxpayers are right to worry. According to the most recent data,…

Canada needs a bold response to U.S. business tax cuts

Reducing corporate taxes doesn’t distort economic decisions or add complexity to the tax system. It does spur the economy

Canada needs a bold response to U.S. business tax cutsBy Charles Lammam and Brennan Sorge The Fraser Institute According to a recent statement by Finance Minister Bill Morneau, the fall federal budget update will finally outline the government’s response to major business tax changes by the Trump administration in the United States. Unfortunately, Ottawa took a long time to even acknowledge we have a…

Kinder Morgan acquisition could increase federal budget deficit by 36%

Report says the government is probably facing at least $11.6 billion in project-completion costs for the pipeline

Kinder Morgan acquisition could increase federal budget deficit by 36%Canada could see its budget deficit grow by more than a third with the federal government’s purchase of the Trans Mountain pipeline from Houston-based Kinder Morgan, according to a report by the Institute for Energy Economics and Financial Analysis. The report – Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks an Increase in National…

Reward working to improve income for the working poor

Help the working poor with targeted benefits like the CWB, not misguided minimum wage hikes

Reward working to improve income for the working poorBy Charles Lammam and Hugh MacIntyre The Fraser Institute Everyone wants to help the working poor. Unfortunately, governments across the country are going about it the wrong way by raising the minimum wage to $15. That misguided move does a bad job of targeting the people we want to help and produces a host of…

Quest for equality must first address poverty, childcare

Too many people are one job loss, one illness, one retirement or one calamity away from disaster. We need income security

Quest for equality must first address poverty, childcareWhen I was an economics student years ago, the last living student of John Maynard Keynes, noted economist Joan Robinson, gave a lecture to a packed hall. During the question period, one smart aleck student asked, “Why should anyone study economics?” After a prolonged pause, her answer was simple, “So you know when economists are…

Federal budget turned a blind eye to Canada’s economic challenges

Federal Finance Minister Bill Morneau’s budget fails to address sluggish economic growth and declining business investment

Federal budget turned a blind eye to Canada’s economic challengesBy Charles Lammam and Hugh MacIntyre The Fraser Institute Finance Minister Bill Morneau’s 2018 federal budget does nothing to address serious concerns over Canada’s economic prospects or the challenges emerging from the United States. In some respects, the budget makes matters worse by continuing the government’s self-destructive policies of chronic deficit-financed spending and new taxes…

Trade wars, food fights and a budget that ignores it all

Duties may look like attractive, simple mechanisms to protect domestic interests. But they’re a very expensive way to retain jobs

Trade wars, food fights and a budget that ignores it allThe ugly face of protectionism is slowly making its way across the globe. With trade wars looming on several fronts, including in the agri-food sector, Canada's federal government seems resolved to lose. Bill Morneau is obviously an influential figure in Prime Minister Justin Trudeau’s cabinet, but he’s no finance minister – despite his title. Given…

Will Trudeau keep his promise to balance the budget?

He can, by following in Jean Chretien's footsteps and finding savings through a comprehensive review of its programs

Will Trudeau keep his promise to balance the budget?By Charles Lammam and Hugh MacIntyre The Fraser Institute The federal government can start now to make good on its promise to balance the budget by 2019-20. All it will take is relatively modest spending reductions in the budget to be delivered on Tuesday – and the will to make them happen. During the 2015…

Feel-good budget is fine, but don’t forget economic essentials

There are limits on what removing discrimination can do: fair taxation, fewer regulations and infrastructure should be the focus of the next federal budget

Feel-good budget is fine, but don’t forget economic essentialsI am a woman and I have faced discrimination. After I got my first degree, leading my university class in economics, I was told that a woman could never be considered for a man’s job. The job was market research. Quietly, confidentially, one on one, I was reminded that I was a married woman with…

Governments often waste money in their rush to save it

We need to think of the real value of results. If it costs $10 to find out we wasted $1, what’s the point?

Governments often waste money in their rush to save itMost people want value for money from their governments. We’re outraged at waste – whether on a $16 glass of orange juice or billions on a megaproject. Public administrators wrestle with new and better ways to measure results. But sometimes money is saved by not trying to save money. Expenditures are made within a political…