New Brunswick government finances unsustainable 

New Brunswick government finances unsustainable By Alex Whalen and Jake Fuss The Fraser Institute New Brunswick faces a large budget deficit and rising provincial debt, thanks to the pandemic – and subsequent increased government spending, a shrinking economy and lower projected government revenues. It’s a situation mirrored in provinces across Canada. More important than this year’s deficit, however, are the…

Trudeau delivers another blow to energy, mining sectors

Plan requiring projects to describe how they will achieve net-zero emissions may not even be feasible

Trudeau delivers another blow to energy, mining sectorsBy Alex Whalen and Elmira Aliakbari The Fraser Institute Newfoundland and Labrador’s energy sector, already struggling from the downturn in world oil markets and the COVID-19 recession, has taken another blow – this time directly from the federal government. The Liberal government of Prime Minister Justin Trudeau recently imposed new rules – known as the…

Nova Scotia government unwieldy, costly: study

With escalating spending and a shrinking private sector due to the pandemic, Nova Scotia’s large government is a growing concern

Nova Scotia government unwieldy, costly: studyBy Alex Whalen and Steve Globerman The Fraser Institute The COVID-19 outbreak and economic downturn have produced a dramatic increase in government spending across the country. The federal and provincial governments have rolled out a variety of programs aimed to support businesses and individuals through these tumultuous times, in addition to extra public health-related expenses.…

COVID crisis opportunity for trade reform in Atlantic Canada

Eliminating trade barriers can help accelerate the economic recovery

COVID crisis opportunity for trade reform in Atlantic CanadaBy Alex Whalen and Ben Eisen The Fraser Institute Earlier this summer, the four Atlantic provinces formed the “Atlantic Bubble” as the region works toward freer movement of people amid the COVID crisis. And clearly, the pandemic’s effect on the economy underscores the value of free movement of people and goods, which – on the…

Federal finances remain vulnerable to fluctuating interest rates

Federal finances remain vulnerable to fluctuating interest ratesBy Alex Whalen and Milagros Palacios The Fraser Institute There’s been a lot of movement in Ottawa lately, including Bill Morneau’s resignation as federal Finance minister, with Chrystia Freeland taking his place. Unfortunately, the federal government’s recent fiscal snapshot only added to the uncertainty. Why? Because there’s no plan to restore sustainability in federal finances. This…

Unemployment spike may trigger rethink of EI program

As the system increases in generosity and accessibility in Atlantic Canada, it may perpetuate the nation’s problems with EI

Unemployment spike may trigger rethink of EI programBy Alex Whalen and Fred McMahon The Fraser Institute The spike in unemployment across Canada due to the COVID-19 pandemic has triggered changes in the employment insurance (EI) program. And those changes could lead to significant problems. When unemployment grows in any of the country’s 62 EI regions, eligibility and benefits change along with it.…

Reduce income taxes to spur Nova Scotia’s recovery

Attempting to fight high deficits while maintaining high tax rates will reduce the province’s economic growth prospects

Reduce income taxes to spur Nova Scotia’s recoveryBy Alex Whalen and Tegan Hill The Fraser Institute Due largely to COVID-19, the big banks project negative growth for Nova Scotia’s economy in 2020, ranging from -5.5 per cent to -7.4 per cent. Without a strong rebound, such a steep recession could have a lasting impact on living standards in the province and Maritime…

Nova Scotia government faces debt tidal wave

Rising government debt can dampen economic growth and divert billions of dollars away from important public priorities

Nova Scotia government faces debt tidal waveBy Jake Fuss and Alex Whalen The Fraser Institute Just three months ago, provincial Finance Minister Karen Casey released a budget projecting an operating surplus, which would have been the Nova Scotia’s fifth consecutive balanced budget. However, due to COVID-19, circumstances have changed dramatically and the province now expects to run a large deficit this…

Ease temporary layoff laws during COVID-19 crisis

Allowing employers to adjust quickly will improve the chances jobs are waiting for returning workers when the crisis subsides

Ease temporary layoff laws during COVID-19 crisisBy Alex Whalen and Niels Veldhuis The Fraser Institute Aside from the enormous health-related challenges due to the COVID-19 virus, employers and workers are feeling major economic pain with job loss, reduced income and revenue. The ability of businesses to adjust quickly will be key to stabilizing the economy and laying the foundation for recovery.…