In late 2011, Canada indicated it wanted to join negotiations underway among nine countries towards a new Trans-Pacific Partnership (TPP) agreement on trade. It is important for Canada to be at the table in these talks, which currently involve economies comprising 28 percent of world GDP. There...

Since the 2008/09 financial crisis, the international regulatory community has taken steps to reduce the probability of future significant financial instability. So far, the emphasis has been on tougher capital and liquidity regulations for banks and greater transparency for financial products,...

The Bank of Canada needs a better inflation indicator that is more sensitive to swings in house prices than the Consumer Price Index (CPI). The author points out that the CPI has not usefully reflected the rapid run-up in housing prices in recent years. He proposes a new official inflation...

To revitalize its flagging trade and productivity performance, Canada needs to adapt its international trade and investment policies to a world of value chains, evolving trade and investment patterns, and deepening global integration. To be more competitive in this context, Canada needs to wean...

The monetary policy arrangement in Canada has proven very successful. Despite many and varied economic shocks, the Bank of Canada has established the necessary conditions under which the annual rate of inflation, as measured by the rate of change of the Consumer Price Index, has remained very...

Modern health systems, like Canada’s, face similar pressures. Populations are aging, government revenues are dwindling, and the scope for new services is increasing as new technologies develop. However, each country is responding to these pressures in unique ways. Arguably, Canadians pay too...

Numerous provinces and municipalities across Canada levy Land Transfer Taxes (LTTs). An LTT is a charge paid to a municipality or provincial government, upon the sale or transfer of real estate or similar immovable object. LTTs can be expensive, and make up a significant portion of the expenses...

Physician compensation accounts for about one-fifth of all Canadian healthcare spending. But physicians’ decisions, particularly those made by primary care doctors, are the conduit for the majority of the system’s costs. The incentives physicians have to promote efficiency, therefore, affect...

Canada’s charities are increasingly looking at ways to finance their non-profit activities through business income – in areas directly related to their charitable missions, and in areas that are not. Current legislation limits public foundations and charitable organizations to operating...

Canada is in the happy position of being able to address its fiscal challenges not just through eliminating deficits, but also by promoting growth in the economy and the tax base. This report takes a two-pronged approach: first, an accelerated plan to achieve budgetary surplus in three years;...