No other major advanced economy tracked by the IMF is expected to record a larger one-year fiscal swing Prime Minister Justin Trudeau is set release his first estimate of the full cost of the multiphase effort to buffer Canada from its deepest recession since the 1930s. Trudeau’s finance minister, Bill Morneau, […]
LONDON/CARACAS — In the vaults beneath the Bank of England, where foreign nations stash parts of their vast gold reserves, lie 1.7 billion euros ($1.9 billion) of disputed gold bars. Two parties claim access to them. Venezuelan President Nicolas Maduro says they belong to his administration’s central bank. His rival, opposition leader […]
For example, GST/HST should be charged on the price of the actual gas, not the additional one-third the government charges us as fuel taxes Like most Canadians, I don’t enjoy paying my bills every month. But what particularly frustrates me is the tax on tax we pay in some of our […]
Meanwhile, green energy’s marginal and largely meaningless existence will be expensive for both taxpayers and electricity customers The vocal and well-financed green lobby regularly lectures Canadians that there is no contradiction between a strict environmental agenda and economic growth. In fact, green advocates trumpet that the two are positively related, […]
This report should be profoundly embarrassing to the government of Justin Trudeau Amid hundreds of graphs, charts and tables in the latest World Energy Outlook (WEO) released last week by the International Energy Agency, there is one fundamental piece of information that you have to work out for yourself: the percentage […]
One million people or 5% of employed Canadians are now out of work — and that’s just two weeks of data It is perhaps an understatement to call the unemployment picture across Canada grim. Roughly five per cent of the Canadian labour force, or one million people, are now out of work because […]
Somehow Ottawa has to shoulder a good chunk of these liabilities There is a very good chance that the need for more massive federal assistance for the provinces, households and the business sector will trigger a downgrade in Canada’s credit at some point soon. It may be true that the […]
Bank of America’s bullish call on bullion Bank of America Corp. raised its 18-month gold-price target to US$3,000 an ounce — more than 50 per cent above the existing price record — in a report titled “The Fed can’t print gold.” The bank increased its target from US$2,000 previously, as policy makers across the globe […]
Countries with highly leveraged households, corporations and public sectors will face financial instability as credit spreads widen and currencies devalue The pandemic-induced recession is busting public budgets throughout the world, both to fight the virus and to satisfy unprecedented demands for fiscal and liquidity measures. According to the latest IMF […]
For prosperity, the invisible hand works better than an iron (or any other kind of) fist Hard times make strong people, the saying goes, but it didn’t work out that way for the Brits. Victorious but beaten to within a hair of its life from six years of war with Hitler, […]