This MEI publication found that the federal government’s “zero plastic waste” policy puts it in opposition to current and potential innovations that are coming out of the plastics industry. The policy will hurt the economy without any guarantee of helping the environment.

The inflation rate in Canada has been rising constantly for several months now. Expansionary monetary policies, as well as the economic sanctions accompanying the Russia-Ukraine war, suggest that significant inflation may be with us for the medium to long term. High inflation erodes consumers’ purchasing power, and also has a negative impact on Canadian taxpayers—including through the capital gains tax, an issue the MEI’s researchers examined in this publication.

This President’s Essay addresses the most contentious and pressing issue of our day: the COVID-19 pandemic and our response to it. Now that the pandemic seems to be subsiding, and government-imposed restrictions as well, it is a good time to look back and take a calm and measured look at some of the key issues that were raised by it.

While lowering interest rates has a short-term stimulative effect, maintaining low rates over a longer period of time may have the opposite effect, of inhibiting growth and productivity improvements, according to a Montreal Economic Institute researcher.

On Tuesday, March 22, the Quebec government tabled its 2022-2023 provincial budget. In this publication, we note the significant growth in portfolio spending in recent decades, taking into account the newly-released numbers, and we use different scenarios to illustrate the magnitude of this increase.

According to the authors of this publication, the Quebec government’s tabling of Bill 21 aiming to ban the exploration and production of hydrocarbons will hurt the province’s economic development potential and undermine its role in reducing global greenhouse gas (GHG) emissions.

According to the authors of this Economic Note, it is time for the CRTC to re-examine its regulatory framework and to gradually dismantle its wholesale pricing regime and put its trust in entrepreneurs. Instead of another about face on wholesale pricing, the authorities should stop overregulating the sector, and transition to a framework based on real, dynamic, facilities-based competition.

The Quebec government, through Health Minister Christian Dubé, will soon present its plan to overhaul the health care system. The MEI is proud to unveil this major study by economist Maria Lily Shaw on the best practices of the health care systems of Sweden and the United Kingdom—two examples that Quebec should follow if it really wants its reforms to be successful.

The economic situation in recent years has pushed construction project costs up considerably. While this is true across the country, the regulatory framework governing the construction industry in Ontario poses additional challenges that further raise costs. After analyzing the application (or not) of Bill 66 by the cities Hamilton, Toronto, and the region of Waterloo, MEI researchers concluded that this bill has some blind spots, and that maintaining the status quo will have major repercussions not only on the province’s construction industry, but also on Ontario taxpayers.

The MEI is honoured to have been invited to participate in a consultation on the Canadian Competition Act in a continuing effort to ensure Canada has an effective and impactful competition law framework. We have read the discussion paper that examines whether digital markets have distinctive features that would invite significant changes to our competition law, prepared by Professor Edward M. Iacobucci, and wish to comment.