Having trouble viewing? Try the web version [link removed] of this email. Latest Research Alberta’s new fiscal rules positive step, but sustainable finances impeded by increases in per person spending since 2022 [[link removed]]
Alberta’s “Spending Restraint” in Perspective is a new study that finds although the Alberta government’s current plan to restrain program spending increases is a constructive way to bring provincial spending more in line with sustainable revenues, doing so will be hindered by increases in per person spending introduced over the last two years. In fact, program spending this year will reach $14,334 per Albertan, which is $1,603 more per person (inflation-adjusted) than the government planned to spend this year as outlined in the 2022 mid-year budget update.
Read More [[link removed]] ESG rankings have no significant effect on investment performance of Canadian public companies [[link removed]]
ESG Investing and Financial Returns in Canada finds that despite claims to the contrary, the ESG rankings of publicly-traded Canadian companies have no significant effect on investment returns.
Read More [[link removed]] [[link removed]] Ottawa unlikely to hit 2026 or 2030 emission reduction targets due to technological limitations, population growth, and rising incomes [[link removed]]
An Evaluation of Canada’s Progress Towards Meeting the 2026 and 2030 GHG Emission Reduction Targets, by Senior Fellow Ross McKitrick, is part of the Institute’s series on federal policy reforms. It finds that the federal government is unlikely to meet its 2026 or 2030 GHG emission reduction targets because of rising living standards for Canadians and the recent surge in population growth through increased immigration.
Read More [[link removed]] Commentary and Blog Posts The Good, the Bad and the Ugly—government budgets in 2024 [[link removed]] by Grady Munro and Jake Fuss
The federal government plans to run a $39.8 billion deficit in 2024/25.
Alberta parents want balance—not bias—in the classroom [[link removed]] (Appeared in the Edmonton Sun) by Tegan Hill and Paige MacPherson
Seventy-four per cent of parents in the province believe teachers should present both sides of controversial issues.
Canadians will pay dearly for Ottawa’s carbon tax [[link removed]] (Appeared in the Toronto Sun) by Kenneth P. Green
Last year the Canadian economy grew by 1.1 per cent compared to 3.3 per cent in the United States.
Ontario government can’t blame fiscal woes on ‘slow’ economy [[link removed]] (Appeared in the Hamilton Spectator) by Grady Munro and Jake Fuss
For the 2024/25 fiscal year, the budget projects a $6.1 billion increase in program spending.
B.C.’s minimum wage hike hurts workers [[link removed]] (Appeared in Business in Vancouver) by Tegan Hill
When the cost of labour increases, employers tend to hire fewer workers.
Canadians right to worry about ‘big government’ agenda [[link removed]] by Matthew D. Mitchell and Jake Fuss
When governments limit economic freedom, citizens find it harder to buy and sell what they want.
Alberta’s credit upgrade belies risk of red ink on the horizon [[link removed]] (Appeared in the Financial Post) by Tegan Hill and Milagros Palacios
Compared to the government’s 2022 mid-year plan, it will spend $6.1 billion more in 2023/24.
Government policy hurts Newfoundlanders and Labradorians with modest incomes [[link removed]] (Appeared in the St. John's Telegram) by Alex Whalen
At $50,000 of income, residents in the province face the third-highest tax rate among 61 jurisdictions in North America.
Carbon tax will make Canadians worse off [[link removed]] by Julio Mejía and Elmira Aliakbari
A $170 per-tonne carbon tax will cause a permanent loss of nearly 185,000 jobs in Canada.
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