On Monday April 19, the federal government of Prime Minister Justin Trudeau presented its first budget in over two years. In this publication, Montreal Economic Institute researchers shine a spotlight on the rapid growth of debt service charges.
Nearly one year ago, the Quebec government decreed a temporary end to the transfer of COVID-19 patients to CHSLDs, Quebec’s long-term care centres. To this day, Quebec’s extremely high death count among seniors in CHSLDs continues to raise eyebrows. This publication from the Montreal Economic Institute calls into question the inevitability of these deaths.
With the vaccine rollout in full swing, the public’s attention is increasingly focused on economic recovery. The authors of this Research Paper propose a very simple solution: a true free trade agreement among the Canadian provinces. This publication includes among other things a ranking of the provinces and territories according to their openness to internal trade. Alberta takes first place, and Quebec comes in last.
For over a year now, the spotlight has been on governments and the actions they have taken in the context of the pandemic, sometimes obscuring the great contribution of entrepreneurs in maintaining a certain quality of life for Canadians in these difficult times. This publication lifts the veil on the efforts made by entrepreneurs to reinvent themselves, pick up the pace, and help us meet this challenge.
The revoking of Keystone XL’s permit by US President Joe Biden his first day in office highlights the risk for Canada of depending on a single country for its petroleum product exports. This Economic Note points out that the construction of new pipelines on Canadian soil would help the country reduce this risk and maximize revenues from oil exports, thus encouraging job creation and improving Canadians’ living standards.
The return to a balanced budget in the medium term is necessary, and it must be achieved by controlling governmental expenditures. One way to do this is to set up a standing expenditure review committee, as the federal government did following the financial crisis of 2008-2009, shows this publication.
As he takes office, President Joe Biden is inheriting a health crisis, an economic crisis compared by some to the 1929 crisis, and mismanaged public finances. This Economic Note sketches a picture of the budgetary policy of President Trump, under whose management the federal government’s debt grew by 36%.
L’année 2021 s’annonce comme étant charnière pour la survie de nombreuses entreprises québécoises. Les mesures sanitaires mises en place dans la foulée de la pandémie ont eu pour effet de freiner les opérations d’un grand nombre de commerces et d’entreprises qui fournissent des emplois aux familles du Québec. Afin d’assurer le maintien et la progression de notre niveau de vie, le gouvernement devra poser des gestes concrets.
A climate of censorship seems to be taking hold on our university campuses, within our cultural institutions, and even among the general public. This new puritanism hurts the economy and makes Quebecers poorer. Indeed, this publication shows that we would be richer if we had even more freedom of expression.
The Quebec government has announced stricter lockdown rules before the holidays. Yet repeated lockdowns, even if partial, are likely to inflict the effects of an economic depression on SMEs rather than those of a simple recession. This Economic Note prepared by Peter St. Onge in collaboration with Maria Lily Shaw paints a worrisome picture.