Each spring, Canada's federal, provincial and territorial legislatures vote budgets that set out their spending and revenue goals for the fiscal year. Budget votes are critical for holding governments accountable to legislators, and in turn to voters and taxpayers. Over the last decade, however,...

Recent research has shown that monetary policy based on price-level targeting has several advantages over the traditional inflation targeting method, particularly in times of economic distress. Although several central banks have been coping with the aftershocks of the 2008 financial crisis for...

Speculation about the consequences of a break-up of the eurozone, a worsening sovereign debt crisis or a prolonged recession in the European Union have all in recent years made the headlines. At first glance, the effect that such events might have on the Canadian macroeconomy might appear small....

Canada's tax system needs a new blueprint to respond to challenges from global trends, according to a groundbreaking report released today. In “Tax Policy for a New Era: Promoting Economic Growth and Fairness,” author Kevin Milligan proposes a reformed tax system that would achieve both...