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Canadian Student Review: Summer 2021
In this issue: Modern Monetary Theory and the COVID Crisis Student contributor Brennan Sorge explains how Canada’s pandemic response should be a warning against the use of Modern Monetary Theory. Video Gallery This video from the Essential James Buchanan ...
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Understanding two decades of weak economic performance in Ontario
It’s important for policymakers to recognize the severity of Ontario’s growth problem, how long-lived it has been, and the challenge of weak business investment that could impede future growth. ...
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Trudeau’s record-high spending hasn’t translated into strong economic growth
During the Trudeau period, business investment actually declined by 0.2 per cent. ...
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Saskatchewan should establish new strict rules to save resource revenue
The province's massive budget deficit continues a trend that started well before the pandemic. ...
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Alberta needs new (old) rule to stabilize government resource revenues
In 2020/21, Alberta’s non-renewable resource revenue will comprise only 4.7 per cent of provincial revenue. ...
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New fiscal rules could help stabilize Newfoundland and Labrador’s finances
When the province's resource revenues declined by roughly 22 per cent, the government did not commensurately reduce program spending. ...
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Wealth tax wouldn’t work the way Ottawa wants
According to the PBO, governments could raise up to $61 billion with a wealth tax on Canadians worth more than $10 million. ...
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A New (Old) Fiscal Rule for Non-Renewable Resource Revenue in Alberta
Alberta’s government finances are once again in a perilous state with ongoing deficits, mounting debt and near record levels of spending. One of the greatest contributors to Alberta’s fiscal instability is the provincial government’s treatment of non ...
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With higher oil prices, Alberta government must avoid fiscal mistakes of the past
The price of Brent Crude oil could reach US$100 per barrel in 2022 due to a surge in demand. ...
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Wait times—the other health-care crisis
The elective surgery queue cost 1.2 million Canadians a total of $2.8 billion in lost wages and productivity. ...