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FRASER UPDATE
A weekly digest of our latest research, commentary, and blog posts
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Latest Research
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Lower taxes and balanced budget were possible this year if Ford government had held to Wynne-era spending levels
No Sign of Significant Debt Reduction or Tax Relief in Ford’s Spring 2023 Budget—It’s All Spend, Spend, Spend! is a new study that details what the current Ontario government could have achieved in terms of lower taxes, surpluses and debt relief if it had maintained the spending levels of the previous Wynne government. Instead, the current government has increased spending by $9.5 billion above the average (inflation adjusted) annual spending of its predecessor, and is forecasting a $1.3 billion deficit this year.
Read More [[link removed]]
By maximizing efficiency, traditional shareholder capitalism—not ESG—may better promote the interests of society
Does Adopting a Stakeholder Model Undermine Corporate Governance? is the latest essay in the Institute's series on the ESG (environmental, social and governance) movement. It argues that corporate efficiency will suffer if managers depart from a shareholder governance framework and that the wealth created by companies that prioritize profitability, while operating in accordance with a well-defined legal and regulatory system, will better promote society's environmental and social goals than will be the case if companies adopt broad stakeholder governance models.
Read More [[link removed]]
Regulation-imposed ESG mandates may negatively impact the incentives of business management, costing shareholders and consumers alike
ESG Mandates and Managerial Efficiency is a new essay from the Institute’s series on the ESG (environmental, social and governance) movement. Specifically, it addresses the question of whether regulation-imposed ESG mandates affect the principal relationship between shareholders and managers in public companies: are shareholders affected when a company’s management prioritizes ESG considerations over profit-enhancing decisions?
Read More [[link removed]]
Essential Scholars Explained Podcast
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James Buchanan: Self Interest & Rational Ignorance [[link removed]]
Randall Holcombe, DeVoe Moore Professor of Economics at Florida State University and co-author of The Essential James Buchanan, joins host Rosemarie Fike once again to break down how economist James Buchanan's contributions to public choice theory remain relevant in today's world, specifically what it means to be "well-informed" how that informs voter logic--critical election or small.
Commentary and Blog Posts
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Canada can’t meet NATO spending target without serious fiscal consequences [[link removed]]
(Appeared in the Toronto Sun) by Jake Fuss
After recording eight consecutive budget deficits, the Trudeau government plans to run at least five more.
Housing policy across Canada failing existing Canadians and newcomers alike [[link removed]]
(Appeared in the Globe and Mail) by Josef Filipowicz and Steve Lafleur
From 2013 to 2022, Canada’s population grew by 427,439 people annually yet only 196,872 housing units were completed annually.
Canadian cities are getting denser—but mostly in handful of neighbourhoods [[link removed]]
(Appeared in the Edmonton Sun) by Josef Filipowicz and Steve Lafleur
From 2016 to 2021, more than one-quarter of city neighbourhoods lost more housing units than they added.
Empower parents, not the educational bureaucracy [[link removed]]
(Appeared in the Epoch Times) by Michael Zwaagstra
The New Brunswick government will require parental consent before students under the age of 16 can change their names and gender identities at school.
Ottawa’s new fuel regulations add to carbon tax pain in Nova Scotia [[link removed]]
(Appeared in the Halifax Chronicle Herald) by Alex Whalen and Elmira Aliakbari
According to estimates, the carbon tax will result in nearly 1,000 job losses in the province in 2030.
Tax burden for Nova Scotian families continues to grow [[link removed]]
by Evin Ryan and Alex Whalen
The average family in the province will pay more than 45 per cent of its income in taxes this year.
Government must improve policy environment to unleash Saskatchewan’s mining potential [[link removed]]
by Julio Mejía and Elmira Aliakbari
The province's mining activities generate more than $19.4 billion in mineral sales.
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