The key to understanding housing affordability woes in our most expensive cities is understanding the extent that local regulatory environments hamper the construction of new homes. To do this, however, one must first measure local regulatory environments.
Labour markets are the mechanism through which we allocate one of our most valuable and productive resources: human work, effort, creativity, and ingenuity. Labour markets match human skills, supplied by individuals seeking to earn a living, with the demand for labour by firms, governments, and households.
Last week the Nebraska Supreme Court delivered a positive ruling for the Keystone XL pipeline, removing another major obstacle for the project. This news came only two days after Trans Mountain Corporation announced it would immediately resume construction on the long-delayed Trans Mountain Pipeline expansion project. These back-to-back pipeline announcements are welcome news for Canada’s embattled energy sector that has suffered from a combination of insufficient pipeline capacity and a barrage of poor policy decisions in recent years.
An examination of effective tax rates at the margin across the provinces shows something striking: individuals and families earning relatively modest income are the ones who face the highest marginal effective tax rates (METRs).
The mid-1960s to 1995 was a terrible period for federal government finances in Canada. The government borrowed every year but one, interest costs consumed ever-greater shares of revenues, the country’s debt ballooned, and we came within a hair of a currency and debt crisis. It took difficult largescale reforms by the Chretien government to get the country’s finances back in order.
Manitobans go to polls September 10. And like most election campaigns, this one is producing a long list of promises designed to buy votes with taxpayer money.