Canada must be aware that protectionism has returned which makes international trade complicated
Canada faces new pressures on any attempts to ramp up international trade. In 1994, the United States, Mexico and Canada created a free-trade region with the North American Free Trade Agreement (NAFTA). Considering that the U.S. has been the largest economy in the world from 1994 to now, NAFTA was a true asset for the…
A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation
World leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…
Xi has changed the game, and the U.S. needs to maintain "ambiguity" while constantly adapting to avoid war in the Taiwan Strait
In recent months, a number of American security analysts have argued that the United States’ longstanding use of “strategic ambiguity” in the Taiwan Strait has outlived its utility. For example, in widely reported remarks, retired U.S. Adm. James Stavridis posited that “the longstanding U.S. policy of ‘strategic ambiguity,’ supporting Taiwan militarily without a formal commitment…
Author Jon Meacham’s most important insights about U.S. politics and the presidency are intertwined with the current officeholder
Jon Meacham is a Pulitzer Prize-winning writer and historian. He’s been an executive editor/vice-president at Random House, has worked for the Chattanooga Times, Time and Newsweek, and written for the New York Times Book Review, Washington Post and other publications. Several of Meacham’s books, including American Lion: Andrew Jackson in the White House (2009), Thomas…
Biden seems to have slackened America's tight grip on Iranian crude exports reigniting a market share battle within OPEC
Iran and the United States are closing in on reviving the 2015 Joint Comprehensive Plan of Action (JCPOA), commonly termed as the Iran nuclear deal. U.S. President Joe Biden is keen to strike a deal before the June presidential elections in Iran, which hardliners are projected by many to win. All this has significant bearing…
Governments are killing real jobs and conning us with claims of millions of good ‘green’ jobs. “Fool me once,” Stephen King wrote, “shame on you. Fool me twice, shame on me. Fool me three times, shame on both of us.” His adage certainly applies to the myth (and fake math) of green jobs. During the…
Crude oil markets continue to show signs of weakness – even without the Houthi attacks on Saudi Arabia and the Suez Canal closure
Pressure is mounting on the Organization of Petroleum Exporting Countries and their allies in the extended OPEC+ to roll over their crude oil output cuts when they meet on April 1. Markets continue to show signs of weakness – even without the Houthi attacks on Saudi Arabia and the Suez Canal closure. But the Suez…
MMT leads to more government control over the economy and turns central banks into a political tool
Public debt is not a problem, suggests the big idea behind modern monetary theory (MMT). That’s a faulty and dangerous assumption. The current economic crisis has allowed MMT to gain influence among the political class. Among the people who developed United States President Joe Biden’s economic program is Stephanie Kelton, a former economic adviser to…
The general approach should be to have experts in each sport come together and decide on the specific rules for allowing fair competition
Most of the sports issues I write about are pretty straightforward – at least in my mind. The solutions seem pretty clear. Do big-time college athletes deserve a bigger slice of the billions being made from their efforts? Undoubtedly. In an era in which childhood obesity is at epidemic levels, and teenage anxiety, depression and…
Canada wasn’t targeted for international outrage because it was a threat to the global climate, but simply because it was an easy target
For 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…