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.
As Finance Minister Chrystia Freeland prepares to unveil the federal budget today, Canadians can expect a budget that is constrained by rising prices and the interest rate hikes intended to battle them.
Our past success in CPP reform demonstrates that governments can work across party lines within our sometimes fractious federation to implement smart policy focused on our long-term future. This is something we see too little of today.
The Montreal Economic Institute, a free market think tank based in Quebec, will celebrate its 25th anniversary this year with a new president and CEO taking charge.
Who can work a room full of federal Liberal cabinet ministers and then be arm-in-arm with Pierre Poilievre on the same day? The Toronto New Liberals apparently, and they are happy to meet with almost anyone who shares their YIMBY values when it comes to housing.
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