How politicians can make our lives more affordable

A huge portion of the high cost of living is being driven by government policy

How politicians can make our lives more affordableBy Franco Terrazzano and Jay Goldberg Canadian Taxpayers Federation Political parties are trying their best to convince Canadians they can make life more affordable. But if politicians want us to believe them, they need to look in the mirror. That’s because making life more affordable really means tackling the damage government does through regulation, high…

We’re all paying a COVID-19 tax at the grocery store

Groceries are about to get expensive. Food inflation should be a key issue in the Canadian election

We’re all paying a COVID-19 tax at the grocery storeCanadians’ ballot decisions in the Sept. 20 federal election will likely differ depending on what you really care about. But since everyone eats and most of us try to manage a limited food budget, the most important electoral issue will likely be inflation. Or at least it should be. Everything is costing Canadians more, including…

Can we afford $10-a-day childcare?

The simple answer is no

Can we afford $10-a-day childcare?Providing quality care for preschool children is a good thing. Children learn to socialize in groups beyond their family. They acquire the skills and readiness that will allow them to succeed in elementary school and later in life. With children well looked after, all parents are free to take jobs or pursue careers contributing to…

Canadians deserve better than five decades of deficits

More deficits mean more debt that your kids and grandkids will need to pay back

Canadians deserve better than five decades of deficitsThe Parliamentary Budget Officer has finally answered the burning question: will Prime Minister Justin Trudeau’s budget balance itself? The answer: yes, it will – but not for another almost 50 years. According to data published by the PBO, under status quo policies the federal government will balance its budget again in the year 2070. By…

Coffee crunch: prices are going up, way up

But the industry will do everything it can so you don’t notice

Coffee crunch: prices are going up, way upCoffee is one of the most traded commodities in the world. In Canada, we don’t grow coffee – yet – but we love our daily cup of java. Over 90 per cent of Canadians are coffee drinkers. But coffee is getting ridiculously expensive. In 2020, Canada was ranked fifth highest in the world based on…

Child-care subsidies won’t stimulate the economy

Officials need to streamline and eliminate child-care regulations

Child-care subsidies won’t stimulate the economyThe federal government has spotted another pretext to increase its intrusion in our lives: subsidized child care. Despite knowing economic lockdowns have caused massive job losses, federal officials argue that unaffordable child care impedes women from returning to the workforce. Subsidies are a shallow, top-down policy that would generate aid dependency from child-care centres and…

Bureaucrats living high off the hog at taxpayers expense

Ottawa’s public service has swelled by roughly 10,000 bureaucrats per year under Trudeau

Bureaucrats living high off the hog at taxpayers expenseCOVID-19 has shone a light on a fundamental divide within Canada: the growing government bureaucracy and those forced to pay for it. This contrast is illustrated by Statistics Canada’s latest jobs report. The private sector, including the self-employed, has shed 520,400 jobs since COVID-19 hit us, while the number of government jobs across the country…

You’re on the hook for $57,000 in government debt

We have to start demanding that politicians start making some tough choices

You’re on the hook for $57,000 in government debtFifty-seven thousand dollars. That’s the average amount each Canadian will owe in provincial and federal government debt by the end of the year. It’s not just the rich or big corporations that will be mopping up this budget mess if politicians don’t take some air out of their bloated budgets. Politicians are already starting to…

Sorting out the value, volatility and durability of cryptocurrencies

Rising prices may be increasing their allure but there are considerable risks

Sorting out the value, volatility and durability of cryptocurrenciesThe value of cryptocurrencies such as Bitcoin, Ethereum and others recently hit new record highs, in the thousands of dollars per unit. This escalation has attracted more speculators, further boosting prices over the past several months. Much of this is the result of investors fearing they will miss out on a chance to profit. While…

Shadow banks have revolutionized digital investing

The decentralization genie is out of the bottle

Shadow banks have revolutionized digital investingUnderneath all the media brouhaha and institutional focus on bitcoin, a struggle is brewing in the crypto world: which altcoin will pick up the baton? A fierce competition is underway for the podium, with Ethereum having a clear first-mover advantage. Bitcoin, as economists and investors such as Larry Summers and Ray Dalio have come around…