The preference for digital money…
Paz Gómez
Why Millennials Prefer DIY Investing
One-third of Canadian millennials prefer going solo when it comes to managing and investing their money. Online financial education and tools are changing the rules of the game and threatening to affect financial advisors how emails affected mailmen. A recent poll...
How ESG Standards Favor Toxic Petrostates
Coercion and vandalism have become commonplace tactics to force insurers off mining and oil development projects throughout the world. Ironically, that clears the way for companies with deep pockets and petrostates whose goal is geopolitical supremacy, not...
Air Canada Needs Travellers, Not Bailouts
A year and a half into the COVID-19 pandemic, the only thing keeping Air Canada alive is the federal-government bailouts. They are delaying the inevitable and sensible way out: cutting travel restrictions, encouraging tourism by ensuring effective containment and...
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Canadian Property Rights Index 2023
A Snapshot of Property Rights Protection in Canada After 10 years
Alberta Politics and Empty Promises of Health-care Solutions
The writ has been dropped and Albertans are off to the polls on May 29. That leaves just four weeks for political leaders and voters to sort out what is arguably the most divisive, yet significant, issue for this election - health care. On Day 2, NDP leader Rachel...
Climate Pandering is Self-Defeating for Canadian Banks
Canada’s national policy to achieve net-zero emissions by 2050 necessitates divesting from fossil fuels. There is just one problem: massive outstanding loans from banks to the oil and gas industries. The oil and gas sector makes up more than 10 per cent of the...
Why Child-Care Subsidies Will Not Stimulate the Economy
The federal government has spotted another pretext to increase its scope: subsidized child care. Despite knowing economic lockdowns have caused massive job losses, Ottawa officials argue that unaffordable child care impedes women from returning to the workforce....
Countries Need More Tax Competition, Not Less: Push for Corporate Minimum is Cartel Intimidation
World leaders should resist U.S. pressure to enact a global minimum corporate tax. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic...
How Canada is Botching Cryptocurrency Mainstreaming
The Canadian crypto industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, did not expect regulators to come with one of the most...
Housing Bubble Stems from Exorbitant Deficits: Feds Need to Attract Investment, Not Debt
The macro effects of government stimuli to address COVID-19 lockdowns are starting to emerge. In Canada, they have taken the form of an overheating housing market. With mortgage rates plunging to historic lows, the demand for residential real estate is driving prices...
Paths to Balancing Alberta’s Budget: Soaring Deficits Need Not be New Normal
Alberta’s debt has grown exponentially over the last decade, surging from under $10 billion in 2010 to $98 billion in 2020. The COVID-19 pandemic has set off a trap that earlier provincial administrations laid by their excessive reliance on fossil-fuel revenues. On...
Canada’s Anti-Employment Insurance: Jobs Need Not Be Shackled by Policy Relics
The complexity and perverse incentives of Canada’s Employment Insurance (EI) program are an eyesore on the nation’s economy. Rather than open the economy up to modernity, however, reforms approved by the Senate on March 17 (Bill C-24) increase EI generosity and...
Why Bitcoin can Become a Reserve Currency
On January 17, former Canadian prime minister Stephen Harper suggested bitcoin could become a reserve currency alongside the U.S. dollar. Now a business adviser with Harper & Associates Consulting, he nonetheless made a caveat: bitcoin still lacks a key money...
The Sweet Spot for Incubating Alberta’s Tech
Technology companies have emerged as clear winners during the COVID-19 pandemic. Jurisdictions like Alberta without a traditional tech imprint have funnelled funds to facilitate startups, which is a good diversification strategy, but they should be careful not to veer...