Carney Boosts GST Credit, Quebecers Get More Money
Prime Minister Mark Carney announces a 25% GST credit increase and one-time payment, plus new affordability measures including a Food Security Fund for businesses.
Category : Economic Policy
GST Hike Won't Solve Affordability Alone: Expert
An expert analysis argues that the federal government's GST credit boost, while helpful, is not a standalone solution to Canada's deepening affordability challenges.
GST Rebate to Increase 25% for Five Years Under Carney
Prime Minister Mark Carney has unveiled a significant increase to the GST credit, now renamed the Canada Groceries and Essentials Benefit, to provide relief from rising food costs.
Carney Announces GST Credit Increase for Grocery Costs
Prime Minister Mark Carney has unveiled a temporary 25% increase to GST credits for lower-income Canadians, lasting five years, to address soaring grocery prices.
Economist: Trump's Policies Risk Future U.S. Economic Growth
University of Michigan economist Justin Wolfers argues that President Trump's interventionist approach undermines rule of law, institutions, and free elections essential for economic strength, with consequences emerging over decades.
Opposition to Press Liberals on Economic Action
As Parliament reconvenes, opposition parties are set to demand the Liberal government translate economic pledges into concrete measures to strengthen Canada's financial stability.
Romney's Tax Increase Stance Sparks Fiscal Debate
Former Republican presidential nominee Mitt Romney's support for tax increases in a Wall Street Journal letter has ignited controversy, as critics argue spending cuts should precede revenue hikes amid record U.S. debt levels approaching $39 trillion.
Carney's Economic Test: Growth Amid Trump Tariff Threats
As Parliament resumes, Prime Minister Mark Carney must shift from political rhetoric to concrete economic action. Canada faces sluggish growth, productivity issues, and U.S. tariff threats under Trump.
Tax Cuts Fuel State Competition, New York Lags
A fierce tax competition is unfolding across U.S. states, with eight cutting income taxes and four reducing corporate rates in 2026. New York, under Governor Kathy Hochul's record budget, faces economic decline due to high taxes and population loss.
Trump's Globalist Era Will Make Everyone Poorer
Jonah Goldberg argues that Trump's approach to international trade and economic policy, driven by personal favoritism rather than sound economics, will lead to decreased efficiency and prosperity for all.
Mintz: Trump, Carney World Orders Won't Last
In a critical analysis, Jack Mintz argues that neither Donald Trump's America First approach nor Mark Carney's value-based realism offers a lasting global framework, emphasizing Canada's need for strong U.S. ties amid shifting geopolitics.
Germany's Policy Mistakes: Nuclear Phase-Out and Immigration
Business leader Gwyn Morgan analyzes Germany's dual policy failures: abandoning nuclear power for Russian gas and accepting unlimited refugee immigration, leading to economic decline and social challenges.
Bessent Urges Calm on Greenland, Downplays Treasury Risk
U.S. Treasury Secretary Scott Bessent calls for calm amid transatlantic tensions over Trump's Greenland ambitions, dismissing speculation about European retaliation through U.S. treasury sales.
Cross: Capitalism's Success Debunks Woke Critiques
Economist Philip Cross counters Harvard historian's critique of capitalism, highlighting 200 years of rising living standards and innovation as proof of its success. Read the full analysis.
Carney pitches for investment at Davos World Economic Forum
Prime Minister Mark Carney arrives in Switzerland to champion Canadian investment opportunities at the prestigious World Economic Forum in Davos. Read about his mission.
Bessent's 'National Emergency' Defense Mocked Online
U.S. Treasury Secretary Scott Bessent faced ridicule for a circular logic defense of new tariffs on NBC's Meet The Press. The explanation went viral, drawing sharp criticism.
Krugman: Trump's Greenland Obsession Leads to 'Stupidest' Move
Nobel economist Paul Krugman analyzes Trump's 'weird' Greenland fixation and his tariff threat against European allies. Read the full breakdown of this diplomatic blunder.
Fed Chair Powell's Dilemma: Stay and Fight or Retire
Jerome Powell must decide whether to stay on the Fed Board to defend its independence from Trump administration pressure or retire. His choice could reshape central bank history.
Economist warns Alberta independence would fail
A prominent economist warns that Alberta pursuing independence from Canada would result in severe economic and political consequences. Read the full analysis of the risks.
Federal Budget Passes: Key Tax Changes for Canadians
The Carney government's first budget introduces new tax rules and aims to spur generational private investment. Learn what the changes mean for you and the economy.
Freeland's Ukraine Economic Advisor Role Questioned
Critics question Chrystia Freeland's appointment as a Ukrainian economic advisor, citing her record of using taxpayer funds to attract investment in Canada. Read the analysis.
How Socialism Ruined Venezuela's Economy and Freedoms
The fall of Nicolás Maduro highlights Venezuela's tragic decline from prosperity to poverty under socialist rule. Explore the economic data and human cost of collectivist policies.
Capital Flees Canada for Better Tax, Energy Policies
Analysis warns Canada is losing people and capital due to unstable tax policies and a poor economic climate. Learn why competitiveness is key to reversing the quiet exodus.
Quebec delays capital gains tax hike until 2026
Quebec aligns with the federal government, postponing the planned capital gains tax increase until 2026. Finance Minister Dominic LeBlanc's announcement brings relief to investors and businesses.
Canada's Economic Challenges in 2026: Mintz Analysis
Economist Jack Mintz outlines the serious hurdles for Canada's economy in 2026, from stalled growth to trade diversification struggles. Read his full analysis.
Industrial Carbon Tax Plan to Raise Costs for Canadians
Mark Carney's proposed industrial carbon pricing strategy faces criticism as analysts predict higher costs for Canadian consumers in 2026. Read the full analysis.
2026 Tax Changes: Relief for Some, Higher Payroll Costs for Others
Prime Minister Mark Carney's 2026 tax adjustments offer modest income tax relief but are countered by significant payroll tax increases and a higher industrial carbon levy. Analysis reveals a mixed bag for Canadian taxpayers.
Financial Post Columnists Analyze Key 2025 Trends
A review of FP Comment columns from early 2025 reveals expert analysis on voter sentiment, competition policy, pension risks, and looming trade wars. Discover the key insights shaping Canada's economic and political landscape.
Romney Calls for Wealthy to Pay More to Save Social Security
Former U.S. Senator Mitt Romney argues the ultra-rich must pay higher taxes to rescue Social Security from a 2034 funding cliff. His op-ed sparks debate on tax fairness and economic policy.
Rise of State Capitalism in North America Won't Work
Jack Mintz argues the sharp rise of state capitalism in Canada and the U.S. in 2025 is a dangerous departure from tradition that will fail. Read the analysis.
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