From Fraser Institute <[email protected]>
Subject BC's debt, and Provincial spending on universities
Date January 6, 2024 6:00 PM
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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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B.C. government adding more debt over next three years than during COVID or the 08/09 financial crisis combined
British Columbia’s Coming Debt Boom in Historical Context is a new study that finds over the next three years, the BC government plans to add a total of $35.6 billion in new debt (adjusting for both inflation and financial assets). This compares with additional debt of $9.9 billion after the pandemic and $17.8 billion after the financial crisis of 2008/09.
Read More [[link removed]]

Higher provincial university spending generally does not result in more educated populations [[link removed]]
Educational Attainment, Migration, and Provincial Spending on Universities in Canada is a new study that finds higher university subsidies do not necessarily result in a more educated population, finding that interprovincial migration seems to be a more important factor, as it allows university students educated and paid for in one province to move to another after graduation, effectively transferring the provincial investment with them.
Read More [[link removed]]


Commentary and Blog Posts
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Reliance on fossil fuels remains virtually unchanged despite trillions for ‘clean energy’ [[link removed]]
(Appeared in the Edmonton Journal) by Elmira Aliakbari, Julio Mejía, and Jason Clemens
According to the latest data, investment in “clean energy” by both governments and private industry reached more than US$1.7 trillion in 2023.

Ottawa should end obsession with trade diversification [[link removed]]
(Appeared in the Hub) by Steven Globerman
The United States has consistently accounted for approximately 75 per cent of Canada’s merchandise exports over the past three decades.

Spending on public schools reaches new heights despite teacher union rhetoric [[link removed]]
(Appeared in the Ottawa Sun) by Paige MacPherson
Compensation for education employees including teachers grew by more than 25 per cent over eight years.

Climate alarmists want oil and gas sector to embrace own extinction [[link removed]]
(Appeared in the Calgary Sun) by Kenneth P. Green
Policy advocates should reconsider their implausible timelines for emissions reduction.

Some New Year’s resolutions for Ontario’s education minister [[link removed]]
(Appeared in the Epoch Times) by Michael Zwaagstra
School boards are distracted by power struggles between trustees and debates about Pride flags.

Vancouver has lowest median employment income among large cities in region [[link removed]]
(Appeared in Business in Vancouver) by Ben Eisen
Policymakers in B.C. have no reason to be complacent about the economy.

Declining test scores should teach policymakers about school closure damage [[link removed]]
(Appeared in the Western Standard) by Derek J. Allison
COVID school closures clearly hurt student learning.

Newfoundland and Labrador government unlikely to reduce tax rates despite taxpayer wishes [[link removed]]
(Appeared in the St. John's Telegram) by Grady Munro and Alex Whalen
According to polling results, the majority of Atlantic Canadians believe the top income tax rate shouldn’t be over 50 per cent.


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