Decisions by the Bank of Canada have worsened the housing crisis. It needs to start cutting interest rates on June 5 After two years of higher interest rates in a mission to tackle inflation, the Bank of Canada has managed to make Canada’s housing affordability crisis even worse. It now has a chance to reverse
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Economic growth
Home Sales Cool in November; Moving Forward, Real Estate Unlikely to be as Strong a Source for Economic Growth As Previously
on December 15th, 2016
Vancouver, BC – This morning, the Canadian Real Estate Association (CREA) released its national real estate statistics for November showing the largest monthly decline in activity since August 2012. The number of home re-sales now stands at its lowest level since September 2015. Activity was down on a month-over-month basis in about two-thirds of all
Growing Government Debt Danger to Canada’s Future Prosperity
on January 16th, 2016
Governments should use the coming budget season as an opportunity to take serious action to reverse the trend In the coming months, the federal and provincial governments will release their annual budgets, unveiling their future tax and spending plans. Hopefully they use this opportunity to address a recent worrying trend that has governments across the
Trudeau Government Middle-Class Tax Cut Right in Principle
on December 16th, 2015
But it’s taking the wrong approach The Trudeau government delivered its much anticipated Throne Speech earlier this month outlining the main priorities for the coming Parliament. The government emphasized its first and “immediate priority” is to “deliver a tax cut for the middle class,” with legislative changes being announced in the coming days. The government
Canada’s Federal Budget Lacks Big Picture Thinking
on April 23rd, 2015
The policies outlined in the budget simply do not give Canada the economic shot in the arm it needs In many ways Tuesday’s federal budget wasn’t all that surprising. Many of the government’s key initiatives were already announced (the so-called “Family Tax Cut” package) or telegraphed as part of the Conservatives 2011 platform (raising the
Income Splitting Not The Best Economic Bang For The Buck
on October 31st, 2014
The government missed an opportunity to enact tax reform that lays the foundation for stronger economic growth After seven consecutive years of budget deficits, the federal government is finally set to balance the budget. While the government has long expressed that tax relief is its top post-deficit priority, the major question has always been: what
Africa Continues to Grow Strongly Despite Global Slowdown
on April 30th, 2013
Economic growth in Sub-Saharan Africa is likely to reach more than 5 per cent on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world — according to the World Bank’s latest Africa’s Pulse, a
There are no shortcuts to economic growth
The 2007 financial crisis and ensuing recession were a turning point for the international economic order. With much of the developed world plunged into recession and still struggling to recover, for the first time emerging markets have taken the lead in driving global economic growth. Peter Blair Henry’s latest book, Turnaround , reviews the lessons First World nations can learn from the Third World’s gr