Vancouver, B.C. – The Canadian economy has grown at a stronger-than-expected annual rate of 3.7% in the past year, taking the jobless rate down to its lowest level in nearly a decade. With Canada’s economy the strongest in the Group of Seven countries, Ottawa now projects much smaller deficits than it did in March. The Liberal government
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Canada economy
Planned Federal Tax Hikes Could Cripple Growth
on October 2nd, 2017
Tax reform proposals will discourage the kind of investment and risk-taking needed to expand Canada’s economy Finance Minister Bill Morneau recently made an extraordinary statement that unfortunately encapsulates the federal government’s approach to economic policy. Explaining the government’s proposed changes to small business taxation to CTV, Morneau used the phrase “going after” to describe the
Canadian Unemployment Rate in July Falls to 6.3 percent- Lowest in Nearly Eight Years
on August 4th, 2017
For Immediate release Vancouver, B.C. – Canada’s red-hot jobs market took a breather in July, posting employment gains of 10,900, up just 0.1 percent following much stronger job gains since late last year. As the labour force participation rate edged downward, the jobless rate fell 0.2 percentage points to 6.3 percent, its best reading in almost
Canadian Unemployment Rate in April at 6.5%–Lowest Rate Since October 2008 — But Annual Wage Gains fell to Another Record Low Vancouver, B.C. – Canada’s economy generated virtually no net new job growth in April, on the heels of a multi-month employment rally that was the strongest in years. Employment has now increased in 15 of
How Canada Can Put its Economy Back In Gear
on August 29th, 2016
For the middle class to thrive, we need to ramp up investment in infrastructure that improves productivity and reduce trade barriers “Building an economy that works for the middle class” is the mantra of Justin Trudeau’s government. But ‘middle class’ is never defined, making it difficult to know if progress is being made on what
Trudeau Government Faces Challenging Economic Times in 2016
on January 9th, 2016
Its best response to the crisis would be to ensure responsible public finances and a competitive tax environment The Trudeau government has a full agenda on its plate for 2016 given the global political and economic envronment, as well as its own list of election promises. Yet, the fundamental issue that Ottawa must deal with
Canada Needs to Recommit to Prosperity-Producing Policies
on December 12th, 2015
The Chretien Consensus served Canadians well for more than a decade and can again Canada’s sweeping rejection of the Chretien consensus amounts to a puzzling and hopefully temporary repudiation of prosperity and the policies that produced it. A generation ago, Canada enjoyed a renaissance. The revival was rooted in sound fiscal policy (balanced budgets, focused
Do Canadians Pay too Much In Taxes?
on October 9th, 2015
Here’s why that’s the wrong question to ask A recent Fraser Institute report and commentary stated that taxes are the single largest budget item of Canadian households. “Your family’s largest expense may surprise you,” the think tank wrote alarmingly, with taxes as the punchline. Of course, if you divide all household expenditures into a number
Canadian Jobs Data Weak As Expected
on July 11th, 2015
Canada lost 6400 jobs in June, with the unemployment rate stable at 6.8%.Economists had expected a weak employment report for June on the heels of the larger-than-expected gain in May. Canadian employment fell by 6,400 last month as the biggest decline in part-time work in more than four years dwarfed gains in full-time positions. The
Human Capital is Key to Building a Successful Economy
Canada’s economy has transitioned from the resources under our feet to the resources between our ears The first month of a new year is named January after the Roman god Janus, who had two faces – one looking backward and the other looking forward. Janus illustrates humanity’s ambition that the first month of the new