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1. 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 ...

2. 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 ...

3. 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 ...

4. Balanced budget requires tough choices, not wishful thinking

   Appeared in Globe and Mail Economy Lab “There’ll be no doubt that we’re balanced in 2015,” federal Finance Minister Jim Flaherty told reporters after recently meeting with a group of private sector economists. This is among Mr. Flaherty’s most categorical ...

5. The stimulus spending never stopped

   Appeared in the Financial Post The key litmus test for the Harper government’s 2013 budget was always going to be how realistic it was with respect to achieving a balanced budget by 2015-16. The governing Tories have staked both their economic and ...