Canada’s central bank raised its primary policy interest rate to 5 percent, the tenth increase since early last year, when the rate was barely above zero. We’re now at levels not seen since 2001, and the speed of the increase exceeds any in over four decades.
With a single vote in the House of Commons last month, the Conservative Party seemed to end two decades of opposition to a national child care program.
This episode of Hub Dialogues features host Sean Speer in conversation with the influential author and thinker Michael Lind, about his provocative new book, Hell to Pay: How the Suppression of Wages Is Destroying America.
Chile has one of the richest and most successful economies in South America. Now, their socialist president threatens to abolish the “neoliberal model” that brought them their prosperity.
The core institutions of Canadian economic policymaking—namely, the Bank of Canada and the Department of Finance Canada—have been mostly resistant to the tides of new economic ideas like MMT and friendshoring and remain bastions of the old orthodoxy.
The fractured state of politics suggests that a more nuanced, or balanced, approach will be needed to develop future fiscal plans to put more emphasis on fostering faster economic growth, thereby increasing government revenues without a significant increase in tax burdens.
The silence amounts to either an all-party endorsement of the big subsidy or an admission that there’s no easy political hay to be made out of it.
Neoliberalism has lost its sheen to the point where “neoliberal” is used as an insult on the internet. But self-described “neoliberal shills” believe neoliberalism still underpins the world economy despite the populist wave and is far more secure than it appears
The first episode of The Hub’s bi-weekly series featuring Sean Speer in conversation with award-winning journalist and best-selling author Amanda Lang tackles the Bank of Canada’s latest interest rate announcement, the ongoing fight against inflation and the downside risks to the global economy.
Canada’s federal and provincial governments are spending billions to host new and emerging world industries, even if it flies in the face of mainstream economic thinking. Potentially, over $10 billion in combined spending was announced earlier this month to ensure Ontario and Nova Scotia would play a major role in North America’s electric vehicle industry.
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