OAS Cuts for High-Income Seniors Could Save Billions
A UBC professor proposes lowering the income threshold for phasing out Old Age Security, potentially saving billions in federal spending while sparking debate on senior support.
Category : Economic Policy
Ford's 2026 Budget: A Chance to Curb Ontario's Debt Spiral
As Ontario's debt soars to $459 billion, Premier Doug Ford's upcoming 2026 budget presents a critical opportunity to rein in spending and address rising interest charges that threaten public services.
U.S. Debt Surges Past $39 Trillion During Iran War
The United States national debt has exceeded $39 trillion, a sharp increase occurring just weeks after the onset of military conflict in Iran, raising economic concerns.
Quebec 2026 Budget: Key Highlights from Finance Minister Girard
Finance Minister Eric Girard has unveiled Quebec's 2026 budget, outlining significant investments and fiscal policies aimed at economic growth and public services.
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Carney's Budget Balancing Faces Skepticism Over Accounting
Prime Minister Mark Carney's plan to balance the federal operating budget by 2028-29 is drawing criticism from economists and watchdogs who argue his accounting methods blur lines between operational and capital spending.
Carney Deficits Double Trudeau's, Worsen Federal Finances
A Fraser Institute study reveals Prime Minister Mark Carney's projected deficits total $321.7 billion over five years, more than double Justin Trudeau's $154.4 billion, significantly increasing federal debt.
Carney's Spending Plan Raises Taxpayer Alarm Over Debt
Prime Minister Mark Carney's latest budget reveals a $506 billion spending plan, increasing costs by $18 billion from last year. Critics warn of soaring debt interest and bureaucratic expansion, questioning fiscal management.
Democratic Senators Propose Tax Overhaul Targeting Millionaires
Democratic Senators Chris Van Hollen and Mark Kelly unveil a plan to eliminate income taxes for households earning under $80,500 while increasing rates for millionaires, sparking debate within the party ahead of the 2028 presidential election.
Alberta Budget: Expert Talks Sales Tax and Long-Term Financial Trajectory
Economics professor Trevor Tombe discusses Alberta's strong financial position while urging consideration of long-term strategies, including potential sales tax, to ensure sustainable growth.
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Democratic Tax Plans Criticized by Policy Experts
Proposals from Senators Cory Booker and Chris Van Hollen to exempt lower-income Americans from taxes are drawing criticism from Democratic policy experts, who argue the plans are poorly structured and could undermine progressive goals.
Poilievre: Adam Smith's Free Markets Are Moral, Not Greedy
Conservative leader Pierre Poilievre marks 250 years of Adam Smith's Wealth of Nations, arguing free markets are moral when corporate and political power don't merge, warning against modern protectionism.
Canada Invests $94.5M to Improve Jobs Data in Key Industries
The federal government announces a major investment to upgrade labor market information systems, aiming to provide more accurate and timely data for critical industries like manufacturing and technology.
Milei's Labor Reforms Extend Workday, Reduce Worker Protections
Argentine President Javier Milei has enacted sweeping labor reforms, extending maximum workdays to 12 hours, reducing severance pay, and limiting strikes to modernize the struggling economy amid union opposition.
U.S. Issues License for Venezuelan Gold Sales
The United States has authorized a license permitting sales of Venezuelan gold, following a high-level meeting between U.S. Interior Secretary Doug Burgum and Venezuela's acting President Delcy Rodriguez in Caracas.
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Ottawa Accused of Favoritism in Rail Subsidies for Steel, Lumber
The federal government is under fire for allegedly planning preferential rail subsidies targeting the steel and lumber industries, raising concerns over fair competition and economic equity.
Trump's 15% Tariff Hike Expected This Week, Bessent Says
U.S. Treasury Secretary Scott Bessent indicates President Trump's plan to raise tariffs from 10% to 15% will likely be implemented this week, with a five-month timeline for returning to previous rates.
U.S. to Raise Global Tariff Rate to 15% This Week
U.S. Treasury Secretary Scott Bessent indicates a likely increase in the temporary global tariff rate to 15% this week, signaling a shift in trade policy amid economic pressures.
Carney Should Follow Chretien's Fiscal Model, Study Says
A Fraser Institute study advises Prime Minister Mark Carney to adopt Jean Chretien's economic strategies of balanced budgets and reduced spending, contrasting them with the Trudeau era's deficits.
Trudeau's Spending Harms Young Canadians' Future
Government deficits and rising national debt are driving up interest rates, increasing taxes, and reducing incomes, creating significant challenges for Generation Z homebuyers and young families.
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U.S. Tariff Plan Faces Criticism as Self-Harming Economic Move
Analysis reveals that proposed U.S. tariffs would primarily tax American companies and citizens, undermining economic confidence while failing to address core domestic issues.
Alberta's Fiscal Crisis: Prioritize Essentials Over Pet Projects
Alberta faces a $9.4-billion deficit for the third consecutive year, sparking public calls for fiscal discipline and focus on healthcare, education, and infrastructure instead of costly pet projects.
LeBlanc Discovers Bureaucratic Red Tape Hindering Canada's Economy
Federal Trade Minister Dominic LeBlanc acknowledges bureaucratic red tape is damaging Canada's economic competitiveness, while critics question the timing of this realization after a decade in power.
Carney's India Trip Focuses on Strengthening Economic Ties
Prime Minister Mark Carney embarks on a nine-day trade mission to India, targeting enhanced cooperation in energy, AI, and free trade agreements amid global economic shifts.
Poilievre's Vision for Canada Amid Trump Tariff Uncertainty
Conservative Leader Pierre Poilievre delivered a speech in Toronto advocating for economic resilience and self-reliance as Canada faces potential U.S. tariff threats under President Donald Trump.
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Trump Doubles Down on Tariffs in State of the Union Speech
President Donald Trump used his record-long State of the Union address to reaffirm his commitment to aggressive tariffs, despite a recent Supreme Court setback. The speech came amid economic positioning ahead of midterm elections.
Trump Tariffs Not Cause of Canada's Rising Food Costs
A political columnist argues that U.S. President Donald Trump's tariffs are not responsible for Canada's increasing food prices, urging a broader economic perspective.
Undemocratic Alcohol Tax Hike Criticized by Taxpayers Federation
Prime Minister Mark Carney's automatic 2% federal alcohol tax increase on April 1 is condemned by the Canadian Taxpayers Federation for lacking parliamentary debate and accountability, costing taxpayers millions.
Supreme Court Rejects Trump's Global Tariffs, Chaos Looms
The U.S. Supreme Court has ruled President Trump's use of IEEPA tariffs unlawful, rejecting his global trade policies. Businesses celebrate but face delayed refunds, as economic chaos may follow this pivotal decision.
Supreme Court Rejects Trump Tariffs, Refunds Delayed
The U.S. Supreme Court has ruled against former President Trump's global tariffs, marking a victory for businesses. However, companies face a prolonged wait for refunds on duties already paid.
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Local Defense Procurement Raises Costs, Lowers Quality
Government procurement favoring local producers increases costs and reduces quality for taxpayers, with defense spending strategies illustrating this economic inefficiency.
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