Does government debt really matter?

Let’s be very careful about electing a government that’s bribing us with our own money

Does government debt really matter?Before we select our next set of national leaders in the Oct. 21 federal election, we should be paying attention to matters that don’t usually concern us day to day, like the treasury. What the treasury does we call fiscal policy, but it’s essentially budgeting: determining levels of revenue (taxes) and expenditure (all the programs…

Regular EI beneficiaries keep falling in Alberta

Nationally, 442,600 people received regular EI benefits in June, down 180 from the previous month and by 21,280 from last year

Regular EI beneficiaries keep falling in AlbertaThe number of Employment Insurance beneficiaries in Alberta declined in June for the fourth consecutive month, down 2.8 per cent to 47,700, according to data released on Thursday by Statistics Canada. “There were decreases in the CMAs (census metropolitan areas) of Edmonton (-5.0 per cent) and Calgary (-1.7 per cent), as well as in the…

The future is not a straight line from the past

The march of technology is inevitable, but the way its proceeds are distributed is a matter of choice. Here are some options

The future is not a straight line from the pastThe RSA (Royal Society for the Encouragement of Arts, Manufactures and Commerce) has been exploring the future of work. Like many organizations, it begins with the assumption that some 35 to 40 per cent of jobs will be directly impacted by artificial intelligence, augmented and virtual reality, 3D printing, blockchain, stem cells and other technologies.…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…

How Manitoba can meet the challenges of a growing population

Government must cut public sector costs, taxes and fees. And become vastly better at providing needed and efficient services

How Manitoba can meet the challenges of a growing populationFor the first time in decades, Manitoba’s unemployment rate has risen above the national average. With the provincial economy growing (briskly for Manitoba) around two per cent a year, we might have expected some declining unemployment rates and labour shortages. But it’s not enough with record immigration and a slowdown in Manitobans leaving for Alberta…

CPP contribution hikes penalize workers, dampen the economy

When the government makes employment more expensive, the sure result is fewer jobs

CPP contribution hikes penalize workers, dampen the economyThe federal government began 2019 by taking a bigger bite out of workers’ paycheques: the combined employer and employee Canada Pension Plan payroll tax rose from 9.9 per cent of earnings to 10.2 per cent. It’s the first of five annual payroll tax hikes. By the time the CPP tax hike is fully phased in, a…

Canada’s public sector is getting fatter, and that’s bad news

Instead of climbing out of debt, federal and provincial governments are spending more, to the detriment of the economy

Canada’s public sector is getting fatter, and that’s bad newsRecent employment data from Statistics Canada shows a troubling trend. In July, the ratio of private sector to public sector employees (excluding the self-employed) dipped to lows that – except for the period of massive ‘stimulus’ spending by the federal and provincial governments in 2009-10 – have not been seen since Canada’s fiscal crisis of…