Economy

Global Minimum Tax Is Cartel Scam with Loopholes

Global Minimum Tax Is Cartel Scam with Loopholes

Rhetoric is one thing; reality is another. As is becoming increasingly clear, the OECD’s July 1 proposal for a 15 per cent global minimum for corporate taxation is nothing of the sort. Although the awaited initiative slated for 2023 will not and cannot achieve a level...

India: A Growing Market for Alberta

India: A Growing Market for Alberta

Asia is a significant continent for the economic interests of Canada and its Prairie Provinces. India is among the most powerful countries in this region of the world and can be an asset for the Prairie Provinces as a future market. If economic relations can be...

Featured News

Why University?

In this essay, I explain that young people should come to university to be educated, and not to become credentialed; the public should support universities because universities educate young people, not because they produce credentialled workers.   Why should a...

Comparing Lives to Lives

Comparing Lives to Lives

Sometimes I wonder what people will say 100 years from now about the unprecedented events of 2020—not just about the pandemic, but about the extraordinary legal and economic measures imposed by governments around the world, purportedly for the purpose of saving lives....

COVID-19 and the Labour Market

COVID-19 and the Labour Market

Following employment losses of over one million in March, employment fell by nearly two million in April as the impacts of physical distancing and economic shutdowns on labour market activity became more apparent. Over one half of the employment losses in April were...

Taxes Cost More Than You Think

Taxes Cost More Than You Think

Amidst the pandemic, the federal government has just given Canadians an extra month to file their taxes (the new deadline is June 1). As people prepare their tax returns, some might wonder if they are getting good value for all the taxes they pay. The answer is that...

Rise of Shadow Banking is Victory for Consumers

Rise of Shadow Banking is Victory for Consumers

Competitors Mean Less Power for Incumbents, Central Bank Financial intermediation outside the banking system, also known as shadow banking, is growing by leaps and bounds in Canada. It is a CAD$1.5 trillion industry that expanded by 30 percent between 2015 and 2017,...