The Alberta government stopped collecting the fuel tax at the beginning of April in an effort to provide “real relief” to Albertans impacted by rising fuel and inflationary costs. The tax cut saves motorists up to $0.13/L on gasoline and diesel but reduces the...
In November 2021, B.C. suffered the wrath of a Pineapple Express. Extreme rain from an atmospheric river dumped a month’s worth of rain within a few days causing rivers to overflow, farmlands to flood, and mudslides that wiped out nearly all major highways connecting...
‘Financial repression’ is a term referring to governments or central banks, such as the Bank of Canada or the U.S. Federal Reserve Boar., intervening in financial markets to suppress interest rates [1]. Central banks have been intervening for nearly two years, causing...
Consumers usually realize fairly quickly just how important the manufacturing sector is when they stare at empty shelves while shopping. In some cases being confronted with an empty shelf can lead to hysteria and panic leading to irrational behaviour. Generally, most...
Sitting on top of one of the world’s largest and richest natural resource warehouses is turning into quite a disconcerting distraction. While much of Canada’s population – the heavily urban part for whom “rural” means Whistler, Muskoka, or Mont Tremblant – likes to...
The economic upheaval now roiling over the world’s financial markets, rapidly lowering living standards, and even threatening to freeze Europeans this winter, is all directly related to the radical decision most western leaders took in March of 2020., when a new...
Around the world, the economic crisis caused by the restrictions taken to fight COVID-19 has consequently led to an increase in the public debt of the United States. Canada doesn't escape this phenomenon. Based on the IMF's data, Canada's gross debt of the general...
The stakeholder-shareholder debate in finance has narrowed down to a false dichotomy between good capitalism and bad capitalism. The former means funding green energy to fight global warming, while the latter means investing in fossil fuels, tobacco, or other “sin...
The introduction of a wealth tax in Canada is a recurring subject that regains interest with the current crisis. Indeed, in the 2020 throne speech, Canada’s prime minister said, "The Government will also identify additional ways to tax extreme wealth...
Eat-the-rich rhetoric is good politics but bad policy. The wealthy minority contribute precious investment and much-needed employment, but no good deed goes unpunished. The specter of a wealth tax, which hangs over Canada, epitomizes infantile, self-defeating...
Social engineers are eager for Canadians to buy into the same madness touted across the globe for post-pandemic recovery: more government spending. Now is precisely when technocrats must take a back seat and let markets take the wheel. On November 30, the minister of...
If the USA's current electoral situation is still in turmoil, the Biden presidency seems to act. With the return of the democrats at the White House, there will be changes in the US foreign policy. Canada, as the third US trade partner, will be impacted. The Trump...
In November 2020, China and 14 Asia-Pacific countries (including Japan and South Korea) signed a free trade deal covering 2.2 billion people and nearly 30% of the international trade. This new treaty (Regional Comprehensive Economic Partnership) shows that the Pacific...
Since the 1990s zombie firms have been on the rise; in fact, the Bank of Canada states that the number of zombie firms in the country is higher than in other countries. These zombies are anything but the fictional ones referred to in movies, these ones are very real!...
In October, British Prime Minister Boris Johnson indicated that the United Kingdom was preparing to leave the European Union’s trading area without a deal by the end of the year, citing the unwillingness of Brussels diplomats and bureaucrats to negotiate in good...