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FRASER UPDATE
A weekly digest of our latest research, commentaries, and blog posts
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Latest Research
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Contrasting the Budget Rules of Chrétien and Trudeau: Part 1
Whereas the Chrétien government used balanced budgets as a guiding fiscal anchor, the Trudeau government has not had an effective fiscal rule imposing discipline on its spending, taxing, and borrowing decisions, resulting in the federal government being less prepared to respond to the current recession.
Read more [[link removed]]
Ottawa’s carbon tax hike comes at worst possible time for Canadian industries
We’re experiencing a “supply shock,” essentially a reduction in the economy’s capacity to make goods and services.
Read more [[link removed]]
Commentary and Blog Posts
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Supply management impedes supermarkets from keeping pace with demand [[link removed]] by Jake Fuss and Alex Whalen
Importers of large quantities of chicken, cheese and butter are compelled to pay taxes exceeding 200 per cent.
Plastic bans won’t help the oceans during pandemics or during the best of times [[link removed]] (Appeared in the National Post) by Ross McKitrick
At least 86 per cent of plastic waste entering the ocean from land comes via a handful of rivers in Asia.
Lessons on land-use regulations from the 2008-09 recession [[link removed]] (Appeared in the Toronto Sun) by Josef Filipowicz
Cities that build more homes when they’re most needed tend to see less home-price volatility.
Trudeau government must produce plan to help one of Canada’s most important sectors [[link removed]] (Appeared in National Newswatch) by Niels Veldhuis and Elmira Aliakbari
Canada’s energy sector employed (directly and indirectly) and supported more than 830,000 jobs.
History of government difficulty in writing cheques to Canadians [[link removed]] by Alex Whalen, Tegan Hill, and Jason Clemens
The auditor general noted there were 3.8 million more social insurance numbers for Canadians 20 years and older than actual people in that age group.
It’s easier for governments to increase spending than bring it back down [[link removed]] by Ben Eisen
Governments can find themselves at a new baseline spending level far in excess of revenues.
Trudeau government ‘wage subsidy’ increases uncertainty for workers and businesses [[link removed]] (Appeared in the Financial Post) by Niels Veldhuis and Jason Clemens
The subsidy will be available for businesses that can show a 30 per cent decline in revenue.
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