From Fraser Institute <[email protected]>
Subject Federal and provincial debt interest costs, B.C.'s prosperity gap, and The circular economy
Date February 4, 2023 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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Canadians in every province will pay more than $1,300 per person in 2022-23 on government interest costs amounting to $68.6 billion
Federal and Provincial Debt Interest Costs for Canadians, 2023 edition is a new study that finds Canadians in every province will pay more than $1,300 per person in 2022/23 on government interest costs, totalling $68.6 billion on interest payments for the federal and provincial debts.
Read More [[link removed]]

B.C.’s pre-COVID (2019) median employment income lowest in region and more than $18,000 lower than Washington State’s
Measuring British Columbia’s Prosperity Gap finds that, among eight peer jurisdictions (including Alberta and Washington State), B.C. in 2019 had the lowest median employment income, a key indicator of economic well-being.
Read More [[link removed]]

Entrepreneurs and businesses have practiced “circular economy” for centuries without government intervention
The Circular Economy: (Re)discovering the Free Market is the latest installment in the Institute’s essay series on the ESG (environmental, social and governance) movement. It documents how current calls for a centrally-planned “circular economy” ignore the historical evidence that shows, in fact, entrepreneurs and market economies have been innovating ways to re-use industrial byproducts and waste for centuries.
Read More [[link removed]]


Commentary and Blog Posts
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Alberta government can send ongoing cheques to Albertans—if it saves resource revenue [[link removed]]
(Appeared in the Calgary Sun) by Tegan Hill
Alberta's fund was valued at just C$16.2 billion compared to US$65.3 billion for Alaska’s fund.

Ottawa’s ‘fiscally prudent approach’ drenched in red ink [[link removed]]
(Appeared in the Ottawa Sun) by Jake Fuss
Since 2015, the federal government has run eight consecutive deficits.

High income taxes make B.C. less attractive and productive [[link removed]]
(Appeared in the Surrey Now-Leader) by Ben Eisen and Jake Fuss
The province's top combined income tax rate increased from 43.7 per cent to 53.5 per cent.

Don’t just blame COVID for Alberta’s falling test scores [[link removed]]
(Appeared in the Western Standard) by Michael Zwaagstra
Instead of learning the standard algorithms for mathematics, students were expected to invent their own.

Canadian homebuilding has not kept pace with population growth [[link removed]]
by Josef Filipowicz and Steve Lafleur
Insufficient supply relative to demand means fewer homes available to renters and buyers alike.

Policing and Crime in Ontario, Part 1: proposals for more money [[link removed]]
by Livio Di Matteo
Crimes rates in the province have grown since 2015, except for a sharp drop in 2020.

B.C.’s recent spending spree may soon lead to budget deficits [[link removed]]
by Ben Eisen
During the restraint period, per-person spending increased by $44 per year compared to $401 from 2016/17 to 2019/20.


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