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Comparing Employment Income in Toronto and Selected American Metropolitan Areas

Comparing Employment Income in Toronto and Selected American Metropolitan Areas is a new study that compares median employment income in Toronto and US metropolitan areas, and finds that the annual gap in employment income between Toronto and the lowest ranking large US metropolitan area, Miami, was $2,030 in 2019, while the difference between Toronto and the highest-ranking US metro, San Francisco, was $32,765.

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A Case for Spending Restraint in Canada: How the Federal Government Can Balance the Budget

A Case for Spending Restraint: How the Federal Government Can Balance the Budget is a new study that finds the federal government could achieve a balanced budget within a couple short years with only modest spending restraint, such as slowing the growth in nominal program spending by only 4.3 per cent.

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Canada’s Challenge in Meeting NATO’s Defence Spending Target

Canada’s Challenge in Meeting NATO’s Defence Spending Target is a new essay in the Institute’s series on federal reforms, which highlights how Canada is unlikely to meet the NATO spending target of two per cent of GDP without running large deficits and accumulating debt.

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Meritocracy, Personal Responsibility, and Encouraging Investment

Meritocracy, Personal Responsibility, and Encouraging Investment: Lessons from Singapore’s Economic Growth Miracle finds that western countries including Canada can learn from Singapore’s pro-growth policies, which have helped transform Singapore from a comparatively poor country into one of the world’s richest countries.

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Is the Federal Daycare Program Achieving Its Stated Goals?

Is the Federal Daycare Program Achieving Its Stated Goals? is a new study that finds the federal government’s initiative to expand subsidized daycare and raise the labour force participation rate of women has produced few results, nor has the roll-out of daycare meaningfully expanded employment in the industry.

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Adrift without an Anchor

Adrift without an Anchor: Federal Fiscal Policy and Canada’s Long-Term Debt Ratio finds that that there is a 44 per cent chance that the federal debt to GDP ratio will increase by 2036-37, and a 59 per cent chance it will increase by 2046-47—meaning the federal government would fail to stick to its core fiscal goal.

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Alberta’s Underlying Budget Deficit finds that if not for historically high resource revenue, the Alberta government would run a large budget deficit this year and the next two years.