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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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Canada’s combined federal-provincial debt will exceed $2 trillion in 2022/23; Ontario has the highest provincial debt as a share of economy
The Growing Debt Burden for Canadians: 2023 Edition finds that not only has Canada’s projected combined government debt (the federal debt and the provincial debt of all 10 provinces) nearly doubled since 2007/08, the year before the last recession, but the combined debt now equals 74.6 per cent of the Canadian economy.
Read More [[link removed]]
ESG undermines duties of corporate officers, and capitalism itself
ESG is Corporate Socialism is the latest installment in the Institute’s series on the Environmental, Social and Governance movement. It details how ESG undermines the duty of business executives to act in the best interests of the corporation, and in so doing, actually undermines capitalism itself.
Read More [[link removed]]
Commentary and Blog Posts
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Sovereignty bills are symbols of discontent in today’s Canada [[link removed]]
(Appeared in the Financial Post) by Bruce Pardy
The federal government continues to restrict the development of Alberta's and Saskatchewan’s natural resources.
Morneau admits the obvious—COVID policies were seriously flawed [[link removed]]
(Appeared in the Toronto Sun) by Tegan Hill and Jake Fuss
Ottawa wasted billions of dollars in taxpayer money and accumulated far more debt than was necessary.
Canada’s eligibility age for government retirement benefits still stuck in the past [[link removed]]
by Ben Eisen
An aging population means more spending on health care and income support for older people.
Bank of Canada adopts transparency reforms but still lags behind other central banks [[link removed]]
(Appeared in the Financial Post) by Lawrence Schembri and Steven Globerman
Other central banks publish a projected interest rate path consistent with their economic outlook—not so in Canada.
Alberta government must commit to spending restraint and reform [[link removed]]
(Appeared in the Edmonton Sun) by Jake Fuss and Tegan Hill
The province had the largest growth in government net debt in Canada from 2007/08 to 2021/22.
Ford continues string of broken promises about taxes in Ontario [[link removed]]
(Appeared in the Hub) by Ben Eisen
Research suggests corporate income taxes are among the most harmful components of the provincial tax mix.
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