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  • Canada’s Fossil-Fuelled Pensions June 22, 2018
    The British Columbia Investment Management Corporation is?the steward of BC’s public pensions, but bankrolls companies?whose current business models exceed the climate change targets agreed to in the Paris Agreement to which Canada is a signatory. The pensions of over 500,000 British Columbians and assets worth $135 billion are managed by the Corporation—-one of Canada's largest […]
    Canadian Centre for Policy Alternatives
  • Imagine a Winnipeg...2018 Alternative Municipal Budget June 18, 2018
    Climate change; stagnant global economic growth; political polarization; growing inequality.? Our city finds itself dealing with all these issues, and more at once. The 2018 Alternative Municipal Budget (AMB) is a community response that shows how the city can deal with all these issues and balance the budget.
    Canadian Centre for Policy Alternatives
  • Why would a boom town need charity? Inequities in Saskatchewan’s oil boom and bust May 23, 2018
    When we think of a “boomtown,” we often imagine a formerly sleepy rural town suddenly awash in wealth and economic expansion. It might surprise some to learn that for many municipalities in oil-producing regions in Saskatchewan, the costs of servicing the oil boom can outweigh the benefits. A Prairie Patchwork: Reliance on Oil Industry Philanthropy […]
    Canadian Centre for Policy Alternatives
  • What are Canada’s energy options in a carbon-constrained world? May 1, 2018
    Canada faces some very difficult choices in maintaining energy security while meeting emissions reduction targets.? A new?study by veteran earth scientist David Hughes—published through the Corporate Mapping Project, the Canadian Centre for Policy Alternatives and the Parkland Institute—is a comprehensive assessment of Canada’s energy systems in light of the need to maintain energy security and […]
    Canadian Centre for Policy Alternatives
  • The 2018 Living Wage for Metro Vancouver April 25, 2018
    The cost of raising a family in British Columbia increased slightly from 2017 to 2018. A $20.91 hourly wage is needed to cover the costs of raising a family in Metro Vancouver, up from $20.61 per hour in 2017?due to soaring housing costs.?This is the hourly wage that two working parents with two young children […]
    Canadian Centre for Policy Alternatives
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Archive for 'Terry Corcoran'

Is Chrystia Freeland Progressive?

Chrystia Freeland, The Globe and Maila€?s candidate in Toronto Centre, recently wrote a book about inequality (which I have not yet read) and is supposed to a€?bring fresh thinking to the Liberal Partya€?s economic team.a€? She has already attracted a few jabs from right-wingers Terence Corcoran and William Watson. But is she progressive? The Globe […]

Tea Party North

Last week, Travis noted Terry Corcorana€?s strained argument that over-regulation of banks is what ails the global economy. Terrya€?s next column went even further off the deep end, endorsing the hard-money libertarianism of gold bugs like Eric Sprott. Todaya€?s column is a full-blown defence of the US Tea Party. I have the following response to […]

Rationalizing Corporate Canadaa€?s Cash Stash

Statistics Canada figures indicate that private non-financial corporations held $471 billion of cash in the first quarter of 2011 ($322 billion of Canadian currency plus $149 billion worth of foreign currency).?? Including short-term paper would bring this total to half a trillion dollars, enough to pay off the national debt (i.e. accumulated deficit). Cash hoarding […]

How Much Will Harper Cut?

Some progressives worry that the new Conservative majority will dismantle the Canadian state. Hard-nosed economic conservatives like Andrew Coyne and Terry Corcoran worry that the Conservatives will not actually cut government spending. I have suggested that the Harper Conservatives will cut, but not as much as the Chretien Liberals. This debate would benefit from some […]

National Post Drinks Fraser Institutea€?s Bathwater

The Fraser Institute is winning 6-0, at least in terms of The National Posta€?s coverage of its flawed study on stimulus. On March 24, The National Post reported this study on its front page while its business section, The Financial Post, ran an op-ed by the studya€?s authors. A couple of days later, The National […]

Ignatieff on Corporate Taxes

Last night, I went to sleep early before watching any coverage of the Liberal Policy Conference. This morning, a well-rested Erin Weir marched into the office with such purpose that I did not even look below the fold on The Globe and Maila€?s front page. Imagine my pleasant surprise when I got an e-mail about […]

Mercurial Productivity

Here is some of what Terry Corcoran wrote in todaya€?s Financial Post about Bank of Canada Governor Mark a€?Carneya€?s suggestion that Canadian business has so far a€?disappointeda€? because it has failed to revive Canadaa€?s lagging productivitya€?: Central bankers appear to know many things, and have big fancy computer systems and economic models to tell them […]

2010 Alternative Federal Budget

Last Saturday, The Financial Post completed its Chopping Block, a series profiling federal programs that could be eliminated to balance the budget. A couple of weeks ago, the C. D. Howe Institute unveiled its Shadow Federal Budget, which??advocated essentially the same approach. (Terry Corcoran deserves some credit for trying to identify quite specific cuts, as […]

Raise My Taxes

I was out of town and away from the blogosphere during the recent controversy about TD Bank CEO Ed Clarka€?s a€?raise my taxesa€? comment. As Terry Corcoran pointed out, CEOs are not actually proposing higher taxes on executive incomes or corporate profits. They are instead proposing to hike the??GST, a tax that exempts all income […]

The Opposite of a Buy Canadian Policy

Last week, the Minister of Finance announced his aspiration to unilaterally eliminate Canadaa€?s few remaining tariffs on imported machinery and equipment. Saturdaya€?s Globe and Mail quoted me doubting this proposal given the severity of Canadaa€?s offshore trade deficit in that area. I elaborate my case in the following op-ed, which is printed in todaya€?s Financial […]

More Clement on US Steel

To my surprise, the Harper Conservatives seem to again be breaking new ground in enforcing the Investment Canada Act. This afternoon, the Industry Minister announced that he is taking US Steel to court for violating its commitments. Back in May, my union argued that the federal government must be prepared to take US Steel to […]

Canada’s trade deficit in cultural services

With the Conservatives’ “Born in the USA” Copyright Act now tabled, the fur is flying. A year after leaping to the defence of the oil and gas industry, Terrance Corcoran has got Big US Media’s back (does Terry ever stand up for anyone but the wealthy and powerful?). As always, Michael Giest, who knows way […]

Statistics Canada Abandons the Class War?

In contrast to last weeka€?s Census release highlighting stagnant individual earnings, todaya€?s Survey of Labour and Income Dynamics (SLID) release trumpets rising family income. The political right critiqued coverage of last weeka€?s release for emphasizing individual rather than family income and for not capturing the tax-and-transfer systema€?s equalizing effects. In particular, the Prime Minister indicated […]

The Census on Inequality (Updated Again)

Marc recently trumpeted this blog for being ahead of the public debate on several economic issues. However, we have perhaps been slightly behind the curve in commenting on yesterdaya€?s release of income statistics from the 2006 Census. It indicated that, from 1980 through 2005, the median income among full-time Canadian??workers??remained flat. The median income of […]

Modeling climate change reduction strategies

National Post Dinosaur-in-Chief Terence Corcoran has nothing but bile to spew at the David Suzuki Foundation and its recent report on carbon pricing. With characteristic bombast, he still seems to think that global warming is a vast left-wing conspiracy to overthrow capitalism. But Terry is right about one thing. All of the modeling for greenhouse […]

Marc hears a squeal from the National Post

One of my colleagues likes to say, “if you throw a rock in a barn and hear a squeal, you know you’ve hit a pig.” So it goes with a National Post column attacking my tax incidence paper. I guess my study caught their attention, though I feel like I really deserved a rebuttal from […]

Andrew Coyne Off the Rails

Although I generally disagree with Andrew Coynea€?s take on economic issues, I enjoy his commentary because it is almost always articulate and well-informed. Last Saturdaya€?s column, which may be his second-last at the National Post before moving to Macleana€?s, was a glaring exception.?? In particular, it contradicted??Coyne’s own previous contentions. When the Government of Newfoundland […]

PEF session on taxation and social democracy

Stephen Gordon’s presentation from our PEF “taxation and social democracy” session at the CEA meetings is now online at his blog, here. The other presenters on the panel were Andrew Jackson, Erin Weir and Marion Steele. I was the discussant for the session, so I will take Stephen’s cue and jot down some of the […]

Saving the environment through gas price gouging

Hugh Mackenzie’s piece on gas price gouging set off a chain reaction in the mass media. The oil execs were scrambling to come up with any and all excuses to justify their outrageous abuse of market power, and their even more outrageous profits. The lame response essentially boils down to this: it’s just market forces. […]

Interest Deductibility Letter

Recently, CLC President Ken Georgetti sent the following letter to Jim Flaherty: May 8, 2007 Honourable Jim Flaherty, P.C., M.P. Minister of Finance House of Commons Ottawa, ON K1A 0A6 Dear Minister: On behalf of the Canadian Labour Congress (CLC), I write to express our support for your promise, in Budget 2007, to end the […]

Fear and Loathing on Bay Street

Budget 2007 made interest on funds borrowed in Canada to finance foreign business operations nondeductible from Canadian corporate taxes. Finance Canada suggested that this arcane reform would raise relatively little revenue and, initially, business barely seemed to notice. More than a week after the budget, a Globe editorial and a Financial Post op-ed criticized the […]

Prosperity and sustainability

UBC’s David Boyd takes on dinosaur-in-chief Terence Corcoran on the nexus between environment and economy, and Canada’s lagging rankings: Old ideas produce heat, not light … The myth that nations must choose between economic prosperity and a healthy environment has been conclusively debunked.Countries including Sweden, Germany, Denmark and the Netherlands are similar to Canada with […]