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Canada slipping in terms of economic freedom
Canada dropped to 14th in the new Economic Freedom of the World report, down slightly from 13th the previous year. ...
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Canada has lost its competitive advantage over the U.S.
Say you are a store owner and your competitor across the street offers everything at lower price and higher quality, well, you’re in trouble. If your competitor was far on the other side of the city, things might be a bit better. But ...
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Productivity accountants miss widespread magic
“Any sufficiently advanced technology,” said the science/science fiction writer Arthur C. Clarke, “is indistinguishable from magic.” I get that quote from the podcast of The John Batchelor Show, where a tech company uses it in its ...
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The United States–Mexico–Canada Agreement: Overview and Outlook
The US-Mexico-Canada Agreement replaces NAFTA as the legal North American trade and investment regime. It will be implemented after ratification by each government. Ratification in the US by a likely newly elected Democratic Congress is probable, ...
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Competitiveness by the numbers is only partly helpful
The self-appointed but now also semi-institutionalized World Economic Forum, progenitor of “Davos Man,” published its Global Competitiveness Report for 2018 this week. The United States came first, scoring 85.6 points out of a possible ...
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This year, Canadians celebrate Tax Freedom Day today—June 10
This year Canadians celebrate Tax Freedom Day on June 10. That means if you paid your annual tax bill up front, you’d give government every dollar you earned before Tax Freedom Day. It’s only from June 10 onward that you’re finally ...
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Canadians Celebrate Tax Freedom Day on June 10, 2018
In 2018, the average Canadian family will earn $115,724 in income and pay a total of $50,464 in taxes (43.6%). If the average Canadian family had to pay its total tax bill of $50,464 up front, it would have worked until June 9 to pay the total tax ...
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Headlines fuel exaggerated concerns about household debt
“Canada’s household debt burden hits record,” read a recent Globe and Mail headline. It’s a headline familiar to many Canadians. In fact, it’s repeated so often that you can be forgiven if you think household debt in this country is out ...
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Provincial government net debt up 89% in less than a decade
After a lull spanning the first decade of the 21st century, it seems that provincial government debt is again on the rise. Based on figures compiled from the Federal Fiscal Reference Tables and plotted in the first chart below, total ...
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Happy 150th to one of the world's most demonstrably successful societies
I was 15 when Canada turned 100. It was a very exciting time. Expo 67 was underway. The world seemed to be coming to Montreal, where I was growing up. There was background trepidation about the separatist movement in Quebec and the state ...