The Bank of Canada is responding to high inflation by increasing its policy interest rate. With the Bank having recently expanded its balance sheet by buying government bonds and increasing its liabilities to financial institutions, higher policy rates have immediate implications for the Bank of...

Canada's inflation rate rose from 3.1 percent in June 2021 to 8.1 percent one year later. What is behind this rapid surge? And will higher interest rates ease the pressure? We explore these questions with a detailed analysis of recently rising inflation. We find a few items dominate, especially...

Alberta should open its doors to job seekers with labour mobility reforms that will boost its economic fortunes post-COVID. The province has a unique opportunity to promote economic revival and longterm economic growth by ensuring that it is the most welcoming jurisdiction to talented workers...

Improving access to domestic and international markets can create large economic benefits. Multimodal infrastructure corridors of road, rail, utilities and communications can improve accessibility by reducing interprovincial and international trade costs. Depending on the geographical area they...

In this article, Trevor Tombe examines the sustainability of Canada's public debt in the face of steadily rising provincial debt, a severe economic shock from COVID-19, and mounting health-care costs associated with an aging population. He finds that while the federal debt is solidly...

"Featuring insights from some of the top specialists in the country, Fiscal Federalism in Canada unpacks numerous complexities of fiscal federalism in Canada. The book features key regional and provincial perspectives, while taking into account Indigenous realities, the three territories, and...

This article examines the expenditure commitments, individually and in aggregate, from the Liberal Party of Canada in the 43rd Canadian federal election in October 2019. The authors articulate which proposed policies are relatively efficient in their design ex ante, which could be adjusted to...

Any well-functioning federation is bound by shared values and by economic arrangements that ensure regions are better off inside the federation than outside it. But conflicts in both areas are inevitable, especially in a country as diverse as Canada. This paper focuses on the conflict within the...