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Trevor Tombe

By Trevor Tombe

Trevor Tombe is a professor of economics at the University of Calgary and a research fellow at The School of Public Policy.

Contributor Connect

The Bank of Canada wording on a Canadian 50 dollar bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. Sean Kilpatrick/The Canadian Press.
Viewpoint

Printing more and more money isn't the Bank of Canada's only option

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.

Trevor Tombe - Posted on January 24, 2023
Prime Minister Justin Trudeau (left) meets  Ontario Premier Doug Ford, at the Queens Park Legislature in Toronto on Tuesday, August  30, 2022. Chris Young/The Canadian Press.
Viewpoint

Ontario getting hundreds of millions in equalization means the program isn't serving its purpose

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

Trevor Tombe - Posted on January 16, 2023
People shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Canada's inflation rate was up 8.1 per cent in June compared with a year ago, its largest yearly change since January 1983. Darryl Dyck/The Canadian Press.
Viewpoint

Are rising profits fueling inflation?

Inflation is not being caused by greed. The entire increase in average markups in Canada is related to rising global energy and commodity prices. 

Trevor Tombe - Posted on October 14, 2022
A hiring sign is displayed at a restaurant in Schaumburg, Ill., April 1, 2022. Nam Y. Huh/AP Photo.
Viewpoint

Canada's not-so-Great Resignation: It's retirements we should really be worried about

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.

Trevor Tombe - Posted on September 20, 2022
People walk past a butcher shop at the Granville Island Market in Vancouver, on July 20, 2022. Darryl Dyck/The Canadian Press.
Viewpoint

Why I was wrong about inflation

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.

Trevor Tombe - Posted on August 2, 2022
Spring 2020 graduates listen during a convocation ceremony at Simon Fraser University, in Burnaby, B.C., on Friday, May 6, 2022. Darryl Dyck/The Canadian Press.
Viewpoint

The higher educated are benefitting the most from Canada's economic recovery

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.

Trevor Tombe - Posted on July 14, 2022
A woman takes a photo as HMCS Halifax departs Halifax in support of NATO's deterrence measures in eastern Europe on Saturday, March 19, 2022. Andrew Vaughan/The Canadian Press.
Viewpoint

What increased military spending may mean for Canada’s budget

Accommodating increased military spending, even relatively rapid increases, is entirely manageable from a narrow fiscal perspective.

Trevor Tombe - Posted on March 30, 2022
Alberta Premier Jason Kenney fist bumps an MLA after Finance Minister Travis Toews delivered the 2022 budget in Edmonton on Thursday February 24, 2022. Jason Franson/The Canadian Press.
Viewpoint

A debt-free Alberta by 2030? It's possible

Could Alberta eliminate its provincial debt while simultaneously relying less on resource revenues? Surprisingly, the answer appears to be yes.

Trevor Tombe - Posted on March 2, 2022
A man fills his vehicle with gas during the COVID-19 pandemic in Toronto on Friday, October 8, 2021. Gas prices across Canada and the world are hitting record highs. Nathan Denette/The Canadian Press.
Viewpoint

Making sense of high inflation in Canada

Canada’s high inflation comes down to just two items: increasing gasoline prices and the depreciation of our homes.

Trevor Tombe - Posted on January 25, 2022
Colin Cote fills up a u-haul truck with gas at a Esso gas station in Toronto on Tuesday, June 15, 2021. Tijana Martin/The Canadian Press.
Viewpoint

Trevor Tombe: Inflation will fall in 2022

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…

Trevor Tombe - Posted on December 20, 2021
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