What connects an energy MOU between Alberta and Ottawa, canola for cars in China, and a search for capital in the middle east? In his 2021 Book, Mark Carney quotes favourably from the works of economist John Manyard Keynes. Keynes famously favoured updating one’s thinking when the facts change, even if doing so meant disagreeing […]

The global economic lockdown implemented to contain the Covid-19 virus has caused the most severe economic downturn in Canada since the Great Depression in the 1930s. The cumulative output loss could easily amount to 15 percent of GDP by 2023 and could continue to grow for years thereafter. So far, the government policy response has, […]

Global economies have been heavily impacted in the wake of Covid-19. The coronavirus has created dramatic negative impacts on global growth and trade. The government response to restrict large components of the economy to safeguard public health resulted in massive job loss, reduced tax revenues, diminished consumer confidence, and increased public debt. As a result, […]

Sustained rapid economic growth following the Second World War meant that it was expected that successive generations of Canadians would achieve a higher standard of living that the previous one. It is a reflection of how ingrained pessimism about economic growth has become among both young and old  that they have come to believe that […]