Why high U.S. drug prices matter to Canada

In the mid-1970s the average monthly cost of a cancer drug in the United States was about $100. By 1995 that cost had crept up to about $1,800 per month and today it is over $10,000. Similarly, while drugs for multiple sclerosis introduced in the mid-1990s cost about $8,000 per…
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The house that debt built

In a speech in May, Bank of Canada Governor Stephen Poloz told a scary story about household debt. No matter how you measure it—as a share of disposable income (170%, a Canadian record), as a share of Canada’s GDP (100%, one of the highest factors in the world)—things look pretty…
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