COVID

9:36AM
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We recently asked our research staff and senior fellows for their thoughts on how Canada’s experience with COVID-19 and the related recession might permanently—at least the next five years—affect Canadians and our economy. In total, we received 19 submissions. Find below the final submissions as selected by our team (after adjusting for duplicates in certain areas such as trade and savings).

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4:08PM
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Crises—an ideal time for the state to grab power

In response to the COVID crisis, Parliament granted sweeping powers to the finance minister.


1:47PM
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Alberta facing possible third recession in a little more than a decade

Once you adjust for inflation and population growth, Alberta’s economy barely grew at all between 2008 and 2018.


1:31PM
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Higher interest rates associated with government borrowing act like an implicit tax

Default risk and exchange-rate risk increase for foreign lenders as they increase their holdings of any government’s debt.


9:36AM
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Ontario’s mini-budget shows provincial deficit will increase

Provincial government debt-service costs are set to reach $13.2 billion this year.


4:03PM
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Employers must be allowed to temporarily lay off workers during COVID crisis

High regulatory and severance costs alongside legislative uncertainty will exacerbate an already bad situation.


10:05AM
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Price controls and anti-gouging laws make matters worse

Letting the price of scarce goods rise forces us to use the limited supply of the good for the most important purposes.


12:59PM
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Finance minister can access ‘all money required’ without consulting Parliament

When we learned that the first cases in Canada were from overseas flights, no measures were taken to screen passengers from infected areas.