Economy

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Transformers: More than Meets the Eye

The path to net zero, based on the much disputed belief that carbon dioxide is a pollution, is more steep and impractical than most people realize. Replacing fossil fuels with clean electricity will require much more power generation and a greatly upgraded grid to...

Higher Interest Rates May Make Productivity Higher Too

Higher Interest Rates May Make Productivity Higher Too

It is taking a while, but a prolonged period of elevated interest rates, at both the short end set by the Bank of Canada and the Federal Reserve Board of the United States, and at the long end in the bond market set by domestic and foreign investors, is coming to be...