Minimum corporate tax is just price-fixing collusion by governments

Expect reduced jurisdictional choice and competition, higher tax burdens and more political patronage

Minimum corporate tax is just price-fixing collusion by governmentsRhetoric is one thing; reality is another. As is becoming increasingly clear, the proposal from the Organization for Economic Co-operation and Development (OECD) earlier this year for a 15 per cent global minimum for corporate taxation is nothing of the sort. Although the initiative slated for 2023 won’t and can’t achieve a level playing field…

What life looks like outside COVID-19 hysteria

The idea that the sky is falling and major restrictions are necessary should be greeted with skepticism

What life looks like outside COVID-19 hysteriaTravel and work over the past two years have brought me to many jurisdictions. What continues to strike me is the way the responses to COVID-19 have been varied, arbitrary and often draconian. I look at Canada and see raging debates over mask mandates, vaccine-status segregation, lockdowns and event restrictions, including bans on religious gatherings…

Ontario’s minimum wage fails on all fronts

Ever-higher minimum wages are pricing more people out of the job market and reducing economic opportunity

Ontario’s minimum wage fails on all frontsMinimum wages are on the rise again in Ontario. As of Oct. 1, the province’s incessant central planners have not one but six higher price controls for labour. These hurt the most vulnerable Canadians and do the bidding of unions. However, vociferous proponents delude themselves into thinking they have the moral high ground and are…

Canada’s raw-milk ban defies common-sense

The alleged dangers will be news to countless families who have grown up on raw milk

Canada’s raw-milk ban defies common-senseThere’s a legal way to consume raw milk in Canada: buy it in the United States and bring it home. Of the 13 states bordering Canada, 12 have legal raw milk. More than 40 have it legal in some form, yet the U.S. has not had a death from raw milk in more than two…

Canada, allies must unite to stop China’s economic domination

Opposition to the Communist Party of China’s aggression needs to be multilateral

Canada, allies must unite to stop China’s economic dominationThe Chinese economy is growing and surpassing the United States economy in size. That stature, with its consequent soft and hard power, means opposition to the Communist Party of China’s regime needs to be multilateral. No matter how much unipolarity the U.S. has enjoyed in recent decades, it can’t go it alone and would benefit…

Canada’s capital markets are struggling to invest in the economy

Canada's investment growth rate has dropped below that of the United States and many other developed countries

Canada’s capital markets are struggling to invest in the economyAlarm bells ought to be ringing in Canada. Business, industrial and foreign direct investment have performed pitifully over the past decade, with no reason to believe there will be a turnaround any time soon. As noted by fellow Troy Media contributor Steven Globerman of Western Washington University, “from 2010 to 2019, Canada’s investment growth rate…

Cash is still king in Switzerland and it’s paying off

The continued reliance on cash is a symbol of good governance

Cash is still king in Switzerland and it’s paying offWhen I audited an economics class in the Rice University School of Business, the lecturer compared inflation to slow-growing cancer and deflation to a heart attack. The implication was that deflation – declining prices – is fatal and worse than inflation. This Keynesian fearmongering, which empowers central banks to water down currencies, is common but…

Higher mortgage hurdles beat up on working class

The Trudeau government is papering over its policy failures by rationing housing to the working class

Higher mortgage hurdles beat up on working classThere’s no mystery as to why Canada has seen a record-setting housing spike in the past year: negative real interest rates and monetary debasement from federal deficits. Rather than considering fiscal austerity and getting inflation under control, the federal government has opted to ration home buying and exclude those on the margins. Officials have raised,…

Pandemic gives government perfect excuse to monitor us

Fear often trumps any proportionality or civil-liberties concern. After the virus passes, surveillance tools will remain

Pandemic gives government perfect excuse to monitor usCrises are the perfect breeding ground for authoritarians and social engineers. The extreme measures governments have rolled out to contain the COVID-19 pandemic remind us that fear often trumps any proportionality or civil-liberties concern. Since it originated in Wuhan, the crisis has exposed the spread and depth of the Communist Party of China’s mass-surveillance apparatus.…

How Canada can face down Chinese tyranny

China is trying to bend Canadian culture to its will. This will only get worse as Chinese economic clout grows in Canada

How Canada can face down Chinese tyrannyA Vancouver court is the battleground for two visions of Canada’s future. The United States wants the extradition of Meng Wanzhou, a top Huawei executive, while China wants Canada to let her go. As a matter of principle and strategy, Canada must stand up to Chinese imperialism by siding with the U.S.  The Huawei faceoff…

Canadian capital markets thrive without national regulator

Centralization undermines bottom-up co-ordination already underway between the provinces and territories

Canadian capital markets thrive without national regulatorAdvocates for centralized financial regulation have met their match in Canada. The nation is proof that competition between intranational jurisdictions can foster diverse, prosperous capital markets. In the research paper, The Federal Takeover of Canada’s Capital Markets, we argue the decades-long push for a national securities regulator is a solution in search of a problem.…

Internal trade barriers cripple Canada

The good news is the Constitution guarantees free trade among provinces. But do federal officials have the political will?

Internal trade barriers cripple CanadaIf there’s one near unanimous consensus among economists, it’s that free trade increases productivity and boosts growth. The flip side is that tariffs, quotas and other trade barriers generally reduce welfare. A recent study by the International Monetary Fund suggests Canada – on account of trade impediments between the provinces – is forgoing a four…

Canada missing out on shale revolution

Shale-gas policy changes, followed by investments across the country, would turn Canada into an international leader in the transition towards clean energy

Canada missing out on shale revolution“It takes real skill to derail an industry where Canada has so many competitive advantages,” writes Rick Rule regarding energy markets. The chief executive of Sprott US Holdings, a natural-resource brokerage, says the barrier is politics, while Canadian firms, technology and geology are top tier. Fortunately, policy can change and Canada can lead clean-energy production.…

Canada’s higher education system is in disarray

Mounting student debt and irrelevant fields of study have left us with a frustrated and unproductive young population

Canada’s higher education system is in disarrayLast summer, the federal government paid employers more than $200 million and up to 100 per cent of compensation to get them to hire students. If these young adults are Canada’s best and brightest – enjoying taxpayer-funded education – why are they so unappealing to employers that they have to be discounted to half price…
1 2 3