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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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Health-care costs for typical Canadian family will reach almost $17,000 this year
The Price of Public Health Care Insurance, 2023 is a new study that finds the typical Canadian family (two parents and two children) with an average household income of $169,296 will pay $16,950 for public health care this year. In fact, the cost of public health care insurance for the average Canadian family increased 4.2 times as fast as the cost of clothing, 2.1 times as fast as the cost of food, 1.8 times as fast as the cost of shelter, and 1.7 times as fast as the average income.
Read More [[link removed]]
Essential Scholars Explained Podcast
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Austrian Economics Part 2: Government Intervention and the Assumption of Power [[link removed]]
Christopher J. Coyne, Professor of Economics at George Mason University and co-author of The Essential Austrian Economics, returns to the podcast to join host Rosemarie Fike in a discussion about why the Austrian School’s way of thinking about politics, social change, and governmental power is as relevant today as ever—specifically, how advocating for expansion of state power may be intended as a vehicle for good but when leadership changes, so do the government’s priorities.
Commentary and Blog Posts
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Cabinet shuffle won’t improve Canada’s weak economic performance [[link removed]]
(Appeared in the Financial Post) by Niels Veldhuis and Milagros Palacios
Canada’s average income per person is now lower than income levels in 41 U.S. states.
Federal government plans to confiscate $4 billion worth of private property via gun ban [[link removed]]
by Gary Mauser
Support for gun bans is greatest among those who know “nothing” or “not much” about gun laws.
Minimum wages hurt the working poor [[link removed]]
(Appeared in the Ottawa Sun) by Matthew Lau
Job losses resulting from minimum wages disproportionately affect the most vulnerable members of the workforce.
Provinces would be running surpluses if they showed spending restraint [[link removed]]
by Grady Munro and Jake Fuss
According to projections, Ontario will spend more on debt interest than on post-secondary education this fiscal year.
Canada’s economy is not booming—it’s stagnating [[link removed]]
(Appeared in the Globe and Mail) by Jake Fuss and Tegan Hill
While the population and federal spending have both risen significantly, growth in real incomes and living standards has stalled.
Policy uncertainty major barrier to developing Canada’s mining industry [[link removed]]
(Appeared in the Thunder Bay Chronicle Journal) by Julio Mejía and Elmira Aliakbari
The Canadian mining sector employs approximately 665,000 people.
Ottawa’s massive EV subsides part of misguided ‘electrification’ plan [[link removed]]
(Appeared in the Calgary Sun) by Kenneth P. Green
Governments do not possess superior knowledge of what people want to buy or sell.
New Brunswick government can help mining sector satisfy global demand for minerals [[link removed]]
(Appeared in the New Brunswick Telegraph-Journal) by Julio Mejía and Alex Whalen
The province's mineral deposits include potash, copper, zinc, lead and nickel.
ESG may be a lose-lose for both shareholders and stakeholders [[link removed]]
(Appeared in the Hub) by Steven Globerman
Executives will be forced to try to balance the competing interests of many different stakeholders.
P.E.I. government could eliminate business income taxes by ending corporate welfare [[link removed]]
(Appeared in the Charlottetown Guardian) by Tegan Hill and Alex Whalen
The province spent $171 million on business subsidies in 2019.
Newfoundland and Labrador celebrated Tax Freedom Day later than every other Atlantic province [[link removed]]
by Alex Whalen and Evin Ryan
The average family in the province earning $117,564 will pay an estimated $56,588 in total taxes.
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