The Fraser Institute released a new report entitled Off Target: The Economics Literature Does Not Support the 1.5°C Climate Ceiling. This report is in response to Canada’s recent declaration to reduce emissions to 40 to 45 per cent below 2005 levels by 2030 based on the assertion in the United Nations’ Intergovernmental Panel on Climate Change’s 2018 Special Report on 1.5°C … Read more
To increase Indigenous ownership in the oil industry, First Nations should focus on small and medium-sized projects rather than mega-projects that require massive assistance from government, finds a new study released by the Fraser Institute. “The energy industry, and particularly the oil sector remains Canada’s leading private-sector source of high-paying jobs and contracts for Indigenous … Read more
Alberta’s budget deficits and mounting debt are, in part, due to its treatment of non-renewable resource revenues, but establishing new constitutional rules requiring a portion of resource revenues be saved would help stabilize provincial finances, finds a new study released by the Fraser Institute. “It’s time the Alberta government introduced rules to stabilize this volatile … Read more
May 24 is Tax Freedom Day in Canada this year, according to the Fraser Institute’s annual calculations—but there is no reason to celebrate as all signs point to a rising tax bill in the future. Tax Freedom Day measures the total yearly tax burden imposed on Canadian families by federal, provincial and municipal governments. If you had … Read more
The idea that the Bank of Canada can continue to finance government debt by printing money without a clear commitment to repayment, known as Modern Monetary Theory, poses enormous risks to the Canadian economy, finds a new study released by the Fraser Institute. “Modern monetary theory is a pipe dream, and if the federal government … Read more
A new book about James Buchanan, the renowned American economist who pioneered the use of economics to understand how decisions are made collectively—particularly in politics, was released by the Fraser Institute. “Buchanan’s insights into how people make decisions collectively, whether in clubs or through government, fundamentally changed the way we think about collective decision-making,” said Donald … Read more
Long waits for surgery and medical treatment cost Canadians almost $2.8 billion in lost wages and productivity last year, finds a new study released today by the Fraser Institute. Preliminary data suggest that an estimated 1.2 million patients waited for medically necessary treatment last year, and each lost an estimated $2,254 (on average) due to … Read more
The COVID-19 economic shutdowns and recession have caused unemployment to rise, placing financial pressure on the Employment Insurance program and amplifying the need to substantially reform Canada’s EI system, finds a new study released today by the Fraser Institute. “The federal government has acknowledged that the COVID-19 pandemic has shown the need for a ‘21st … Read more
Saskatchewan remains Canada’s most attractive jurisdiction for mining investment, finds the Annual Survey of Mining Companies released by the Fraser Institute. “The Fraser Institute’s mining survey is the most comprehensive report on government policies that either attract or discourage mining investors,” said Elmira Aliakbari, director of the Fraser Institute’s Centre for Natural Resource Studies and co-author of … Read more
When tackling today’s fiscal challenges, the Alberta government can learn some key lessons from the Klein era of the 1990s, finds a new study released today by the Fraser Institute. “Successive governments in Alberta have repeated many of the mistakes of the pre-Klein era, including an overreliance on natural resource revenue and high levels of … Read more
