Quantitative easing doesn’t have to be about money printing. Instead, it could be about simply changing the type of government debt that exists. With less long-term borrowing, long-term interest rates tend to fall.
If Ontario can, despite having a fiscal capacity above the national average, somehow still qualify for an equalization payment, then it’s high time we review the equalization formula and improve its design
Inflation is not being caused by greed. The entire increase in average markups in Canada is related to rising global energy and commodity prices.
Fears of a “Great Resignation” are overblown in Canada, though job dissatisfaction may rise as workers are asked to return to the office. What should really worry us is the rising wave of retirements.
Why is inflation so high, and why is it unlikely to come down to normal before the end of the year? Energy prices are a key factor.
Taking a look at the data, one stark fact is clear in Canada’s recovery: those with higher levels of education have fared best of all. This is true in both the public and the private sectors.
Accommodating increased military spending, even relatively rapid increases, is entirely manageable from a narrow fiscal perspective.
Could Alberta eliminate its provincial debt while simultaneously relying less on resource revenues? Surprisingly, the answer appears to be yes.
Canada’s high inflation comes down to just two items: increasing gasoline prices and the depreciation of our homes.
To close out the year, we’ve asked our contributors and staff to make a prediction about 2022. You would think, at least since the early days of 2020, that we’d…
