Viewpoint showing that despite a reduction in the number of patient visits, emergency room wait times in Quebec are worsening
Earlier this year, the media reported that the situation in Quebec emergency rooms had improved in 2018-2019. Yet when we take a closer look at the Department of Health and Social Services data, we see that the opposite has happened, despite a reduction in the number of patient visits.
Viewpoint examining how Canada’s lighter regulatory touch cuts compliance costs and makes it easier for firms to list
Canada has avoided the great die-off of public companies afflicting American business especially since the 2002 Sarbanes-Oxley Act, which imposed new, more restrictive accounting and financial transparency rules. But with trends reversing somewhat since 2012, much work remains to be done in Canada to promote access to investment opportunities for the middle class. This would not only further democratize wealth-building for regular Canadians, but also give start-ups even greater ability to raise funds to grow their business.
Viewpoint highlighting the contradictions we face from two recent policies put forward by the City of Montreal
Montrealers may soon suffer the “unintended consequences” of two municipal policies likely to produce effects that are just the opposite of their stated purpose. This is in line with a dynamic that is well known to economists but often overlooked by politicians.
Viewpoint showing that it is barriers to competition, rather than the size and the number of firms in a market, that are cause for concern
With Air Canada seeking to acquire Air Transat, many public figures have made comments to the effect that this consolidation would lead to price increases. This argument is based on the premise that competition in a given market is determined by the size and the number of firms that are active in that market.
Research Paper showing that while the global demand for hydrocarbons is expected to keep increasing at least until 2040, Canada’s oil and gas sector is facing serious challenges
According to the International Energy Agency, the global demand for hydrocarbons is expected to keep increasing at least until 2040. Yet in Canada, during the past year or so, an unusually large number of major events—essentially all negative—affected the oil and gas industry. The departure of international companies, pipeline project delays, and unprecedented discounts on Western Canadian Select (WCS) are just some of the signs that the country’s oil and gas sector is facing serious challenges.
Viewpoint explaining how Health Canada’s reform of the pricing mechanism for new drugs could delay their introduction
The Canadian government is planning to change the way prices are set for new patented drugs and cut the maximum prices at which these drugs can be sold by up to 70%. But this reform could prove very costly for patients. If it goes forward and fails to take into account the adverse effects of reference pricing systems, which have been well documented by various international bodies, Canadians could see their access to new drugs slowed down or even compromised.
Economic Note showing that a detailed examination of Canada’s costly and complicated tax system is needed
Taxpayers always meet the months of March and April with some apprehension, as they will have to devote precious hours of their time to completing their income tax returns, or pay someone else to do it for them. Is it possible to make life easier for taxpayers by simplifying the tax system?
Viewpoint showing how labour laws, interprovincial trade barriers, and the tax burden affect jobs and wages
We are constantly told that there is a shortage of labour in Canada. In 2018, the economy added 163,000 full-time jobs, and the unemployment rate fell to 5.6%, a historic low that can be qualified as full employment. The participation rate for people of prime working age, 25 to 54 years, is 87%. The winds are shifting on the labour market. Employers used to have the upper hand; now, it’s workers who have it.