As oil prices rise, global economic uncertainty grows

And OPEC is in no mood to open taps to fill in any gaps created by the absence of Russian crude

As oil prices rise, global economic uncertainty growsThe oil markets are likely to face another round of supply disruptions. Most indicators point to a bullish trend in the near future. After recently announcing the release of over 180 million barrels of crude oil from its strategic reserves (SPR) over the next six months to cool down the markets, the United States government…

Policy restrictions have caused the housing crisis

Urban containment regulations on the urban fringe must be relaxed

Policy restrictions have caused the housing crisisFor 18 years, I have been monitoring international housing affordability as author or co-author of the Demographia Housing Affordability series. The latest edition rates 92 major markets in eight nations using the “median multiple”: the median house price in a place divided by the median pre-tax household income. In the early 1990s, median multiples in…

With high inflation, capital gains are overtaxed even more

High inflation distorts the application of the capital gains taxes that many of us pay

With high inflation, capital gains are overtaxed even moreBy Valentin Petkantchin and Olivier Rancourt Montreal Economic Institute The 5.7 per cent year-on-year inflation Canada registered in February has not been seen since the early 1990s. Expansionary monetary policies and the economic sanctions accompanying the Russia-Ukraine war suggest that significant inflation is here for a while. High inflation not only erodes our purchasing power,…

Politicians should look to tax relief to boost affordability

Ontarians need relief, and they need it urgently

Politicians should look to tax relief to boost affordabilityAffordability is the elephant in the room as Ontario approaches this June’s provincial election, and it’s time for Ontario’s politicians to address it before they get trampled. All three of Ontario’s major political parties plan to speak to the issue of affordability in their platforms. The Ford government has been busy eliminating user fees for…

Is Ford’s latest gas tax cut promise just another election ploy?

Ontarians need urgent action, not vague future promises

Is Ford’s latest gas tax cut promise just another election ploy?When Ontario Premier Doug Ford finally announced his intention to deliver on gas tax relief after four years of delays, the Canadian Taxpayers Federation supported the move. Make no mistake; a gas tax cut is good news for Ontario taxpayers. As gas prices soar and Ontarians face the highest inflation levels in 30 years, relief…

Trudeau’s spending spree hitting Canadians families hard

The federal debt is now over $1.26 trillion!

Trudeau’s spending spree hitting Canadians families hardBy Gabriele Giguère and Olivier Rancourt Montreal Economic Institute The Bank of Canada’s decision to increase the policy interest rate by 0.5 percentage points, up to one per cent, was necessary in the current context. The soaring inflation that is hitting the Canadian economy full force, reaching 5.7 per cent in February, must be reined…

How to cope when shortages become a problem

Demand is booming. It’s supply that is lacking

How to cope when shortages become a problemThis time it’s different. That statement should usually be taken with a grain of salt. But right now, it’s a very good description of what’s happening in the business environment. Market economies function by balancing supply and demand for goods, services and inputs such as labour. When trouble arises, it’s usually in the form of…

We’re paying the price for artificially low interest rates

Very low interest rates provide a perverse incentive for politicians to rack up more debt

We’re paying the price for artificially low interest ratesCanadians are feeling the effects of rising inflation everywhere, from the grocery store to the gas station. In response to the highest level of inflation in three decades, the Bank of Canada recently increased its policy interest rate to 0.50 per cent after holding it steady at 0.25 per cent for two years. In a…

Is greed driving the beef industry to a legal showdown?

When it comes to price-fixing, the U.S. acts. Canada, not so much

Is greed driving the beef industry to a legal showdown?A Quebec-based group is leading a class-action lawsuit aimed at major federally-licensed beef packers. Cargill, JBS Foods, Tyson Foods and National Beef Packing are all accused of colluding and inflating beef prices since 2015. So if you’re a consumer in Quebec who’s been buying beef since 2015, you can be part of the claim. The…

Liberal-NDP deal will mean major tax hikes

When it comes to wealth taxes, Trudeau needs to draw a line in the sand

Liberal-NDP deal will mean major tax hikesNow that the years-long Liberal-NDP courtship has turned official, Canadians should brace themselves for an unwelcome raft of higher taxes and unsustainable spending. With Prime Minister Justin Trudeau inking a deal with the NDP to keep him in power until 2025, Canada’s finances are headed from bad to worse. To help justify overspending, the Trudeau…

Why is StatsCan deleting its food inflation database?

Move raises questions about motive and why the announcement was so quiet

Why is StatsCan deleting its food inflation database?All eyes are on inflation these days, especially at the grocery store. Food is the one thing we need every day and the food choices we make matter a great deal to our budget. To know what's going on with food prices, we turn to Statistics Canada for details. But without fanfare, we just learned…

As Ford dithers, Ontarians suffer

Inflation rates haven’t been this high since Seinfeld first debuted on television

As Ford dithers, Ontarians sufferWould your family be better off with an extra $2,000 in your bank account this year? As Canada continues to face its highest inflation rates in over 30 years, not a single Ontarian would answer no. If Ontario Premier Doug Ford had kept his promises from the election platform he ran on four years ago,…

Excess sugar costs Canada $5 billion each year: study

Researchers urge use of taxation, education and subsidies to encourage better eating habits

Excess sugar costs Canada $5 billion each year: studyImagine if the real cost to society of the food you buy at the grocery store was built right into each product’s price. Everything with added sugar would cost a whole lot more, according to University of Alberta researchers in a new study in The Canadian Journal of Public Health. They peg the economic burden of excessive…

Canada’s food industry needs to up its couponing game

Compared to Americans, Canadians have far fewer options to save on groceries

Canada’s food industry needs to up its couponing gameThe food inflation rate in Canada in February was 7.4 per cent, the largest yearly increase since May 2009. With much higher food inflation, consumers are desperate to find new ways to save at the grocery store. In the United States and Canada, consumers are increasingly using food rescuing apps, going for the “enjoy tonight” deals, trading…
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