Economic Response to COVID-19 Pandemic: Go Big, Go Fast

The health emergency created by the COVID-19 pandemic is of course the primary concern of Canadians, and the first priority for government to address. But it is increasingly clear that the economic fallout from the pandemic is also going to constitute an emergency. And it requires government to respond as…
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Protecting workers is key to protecting public health

Financial markets missed the memo about not panicking over COVID-19. They panicked, big time: several days of gut-wrenching drops that wiped more than 10% (or US$7 trillion) from worldwide valuations. The meltdown quickly caught the attention of policy-makers, who are now moving heaven and earth to reassure financiers their money…
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10 things to know about the 2020-21 Alberta budget

The 2020-21 Alberta budget was tabled on February 27, just four months after the previous post-election budget. Jason Kenney’s United Conservative government is cutting public spending while also cutting corporate taxes, and thousands of public sector jobs are expected to be lost over the remainder of his term. Here are…
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What’s next for the new NAFTA? And what, if anything, can Canadians do about it now?

Implementing legislation for the new Canada­–U.S.–Mexico Agreement (CUSMA) is now before the House of Commons. While the U.S. and Mexico have already ratified the deal, our parliamentarians can still examine the 2,000-page text, which will have lasting impacts on many matters far beyond trade. The opposition parties have called for…
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It’s all about tax cuts

In the past year and a half, the Ontario government has demanded that Ontarians sacrifice many vital public services to address an alleged fiscal crisis. But in a report released earlier this week, the Financial Accountability Office (FAO) shows that most of the savings from service cuts are not going…
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Ontario fall update: Multi-year plan to squeeze public services continues

Government revenues are rising and the provincial deficit is melting away, but Ontario’s Finance Minister is sticking to his multi-year plan for significant cuts to public services. That‘s the key takeaway from this year’s Economic Outlook and Fiscal Review, released by Minister Rod Phillips today. Today’s update provided further evidence…
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