Carr, Mathewson and Quigley (1995) (CMQ) introduce new archival evidence to challenge the hypothesis that Canadian banks enjoyed considerable capital forbearance during the 1930s (Kryzanowski and Roberts 1993) (KR). This note examines what the CMQ evidence has to tell us once opportunity-cost...

This paper examines Alberta’s record of industrial policy and proposes principles for future innovation-focused provincial policy. I find that the development of the key technology to unlock the majority of the Canadian oilsands — steam-assisted gravity drainage (SAGD) — is an example of...