A weekly digest of our latest research, commentary, and blog posts.

 
Latest Research Mar 23-29, 2020
Trudeau government gets unlimited spending authority for six months

Trudeau government gets unlimited spending authority for six months
On Wednesday, the government passed legislation (which the Opposition members either supported or acquiesced to) giving sweeping powers to Finance Minister Bill Morneau, including the power to unilaterally spend and borrow without parliamentary approval until September 2020.

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Boost EI but don’t create new wage subsidy program

Boost EI but don’t create new wage subsidy program
As part of the $52 billion aid package to support Canadian workers and businesses, which the House of Commons and Senate approved Wednesday, small businesses will be eligible for a temporary wage subsidy to help prevent layoffs. The $3.8 billion program will provide up to $25,000 in subsidies per employer.

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Recent Commentary and Blog Posts
Ontario reduces hydro rates yet fundamental problems still plague province’s electricity market
by Elmira Aliakbari, Ashley Stedman, and Jairo Yunis
Solar and bioenergy generators absorb 15 per cent of the surcharge yet generate only three per cent of Ontario’s electricity.
Don’t shoot the financial-market messenger
by Stephen Kirchner 
Financial markets are responding to an induced recession.
What is Modern Monetary Theory and why is it gaining currency in these volatile times?
by Steven Globerman
Providing income support to workers and businesses involves large increases in government expenditures.
Ottawa’s ‘Emergency Response Benefit’ leaves many unanswered questions
by Tegan Hill, Milagros Palacios, and Alex Whalen 
Effectively, the CERB will now cost $40 billion, up from $15 billion.
If history is any guide, COVID-19 will transform Canada in heretofore unknown ways
by Livio Di Matteo 
When the First World War began, there was no expectation that it would spawn an entirely new tax system.
Finance minister can access ‘all money required’ without consulting Parliament
by Lydia Miljan 
When we learned that the first cases in Canada were from overseas flights, no measures were taken to screen passengers from infected areas.
Price controls and anti-gouging laws make matters worse
by Steven Horwitz 
Letting the price of scarce goods rise forces us to use the limited supply of the good for the most important purposes.
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute's independence, it does not accept grants from governments or contracts for research. For more, call (800) 665-3558 ext. 590.

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