Nostr notes by Trevor Tombe

Canada's inflation rate rose to 3.2% in May. What's ...

2026-06-22T16:09:31Z

Canada's inflation rate rose to 3.2% in May. What's behind the surge? Oil prices. That's it. Most other important components are pulling down the overall rate. #cdnecon 🧵

Have Alberta's finances gone off the rails? My latest for ...

2026-03-03T14:28:38Z

Have Alberta's finances gone off the rails?

My latest for @TheHubCanada on the province's latest budget. https://thehub.ca/2026/03/03/have-albertas-finances-gone-off-the-rails/ #ableg #cdnpoli #cdnecon

The hidden costs of political uncertainty are high. We can see ...

2026-02-19T15:48:35Z

The hidden costs of political uncertainty are high. We can see that in Canada's job market today. And there's a lesson for those who view Alberta separatism as a costless protest vote. It isn't.

My latest for @TheHubCanada: https://thehub.ca/2026/02/19/why-the-risk-of-separation-could-cost-alberta-thousands-of-jobs/ #cdnecon #cdnpoli

Interesting new Statistics Canada paper on firm sizes and the ...

2025-12-22T16:04:14Z

Interesting new Statistics Canada paper on firm sizes and the Canada-U.S. productivity gap. Shows most of our gap is due to Canada having more small firms (less productive). But most of the widening gap is due to large firms lagging.

Details: https://www150.statcan.gc.ca/n1/pub/36-28-0001/2025012/article/00002-eng.htm?utm_source=mstatcan&utm_medium=eml&utm_campaign=statcan-statcan-mstatcan #cdnecon

Really enjoyed contributing to this Alberta Views dialogue in ...

2025-12-19T16:50:06Z

Really enjoyed contributing to this Alberta Views dialogue in their December issue on whether equalization is "unfair" to Alberta. Give both sides a read here: https://albertaviews.ca/equalization-payment-unfair-alberta/ #cdnecon #cdnpoli

An incredibly fascinating new paper by Casey Pender and Vincent ...

2025-12-18T18:09:12Z

An incredibly fascinating new paper by Casey Pender and Vincent Geloso (@VincentGeloso) on what we can learn from the most significant period of Canadian economic convergence with the U.S.

Read it here: https://www.policyschool.ca/wp-content/uploads/2025/12/FP14b-Removing-Barriers-FINAL.pdf #cdnecon #cdnpoli @policy_school

Waiting for a return to “normal” is a mistake. A new era for ...

2025-12-11T18:03:22Z

Waiting for a return to “normal” is a mistake. A new era for Canada’s economy has already begun.

My latest for @TheHubCanada on what the biggest economic stories of 2025 mean for Canada's future: https://thehub.ca/2025/12/11/get-ready-for-a-troubling-new-era-for-the-canadian-economy/ #cdnpoli #cdnecon

Strong jobs report from StatCan this morning. Employment rose 54k ...

2025-12-05T17:19:44Z

Strong jobs report from StatCan this morning. Employment rose 54k in November, and unemployment fell to 6.5%, down 0.6 points from its peak.

More details here: https://www150.statcan.gc.ca/n1/daily-quotidien/251205/dq251205a-eng.htm #cdnecon

Today's data: GDP growth for the third quarter of 2025. ...

2025-11-28T18:11:45Z

Today's data: GDP growth for the third quarter of 2025. Positive growth of 0.6% compared to Q2 (annualized rate of 2.6%). A strong report overall, headline growth beat expectations.

Details from StatCan here: https://www150.statcan.gc.ca/n1/daily-quotidien/251128/dq251128a-eng.htm #cdnecon

Full text of the agreement between the federal and Alberta ...

2025-11-27T18:08:10Z

Full text of the agreement between the federal and Alberta governments is available here: https://www.pm.gc.ca/en/news/backgrounders/2025/11/27/canada-alberta-memorandum-understanding It's big. Strong commitments for a new pipeline to the west coast, and significant increases in climate policy stringency in AB to go along with it.

An important step for internal trade! The “Canadian Mutual ...

2025-11-20T16:07:28Z

An important step for internal trade! The “Canadian Mutual Recognition Agreement” signed yesterday could yield real economic gains: https://www.ctvnews.ca/canada/article/new-trade-deal-to-chop-red-tape-knock-down-trade-barriers-across-canada/

For some analysis on what MR means, see this by me and Ryan Manucha: https://macdonaldlaurier.ca/liberalizing-internal-trade-through-mutual-recognition-a-legal-and-economic-analysis/ #cdnecon #cdnpoli

Today's data: inflation 📈 ...

2025-11-17T19:52:12Z

Today's data: inflation 📈 https://www150.statcan.gc.ca/n1/daily-quotidien/251117/dq251117a-eng.htm

Consumer prices rose 2.2% since October 2024. But since it matters what you buy, experiences vary. Lower-income, single renters faced highest increases. Relevant to understand affordability concerns. #cdnecon #cdnpoli

It was billed as an investment budget—and in its framing, ...

2025-11-05T15:56:02Z

It was billed as an investment budget—and in its framing, it’s right about the problem. But on the numbers, it offers more continuity than change.

My contribution to @TheHubCanada’s roundup on Budget 2025: https://thehub.ca/2025/11/05/more-continuity-than-change-the-hub-reacts-to-mark-carneys-big-spending-budget/ #cdnecon #cdnpoli

Big news relevant for Alberta and the oil and gas sector: the ...

2025-11-04T21:10:10Z

Big news relevant for Alberta and the oil and gas sector: the emissions cap will be scrapped. Emissions to decline using other tools.

There's merit to this decision. The policy had considerable drawbacks, even from a narrow climate policy perspective: https://thehub.ca/2023/04/20/trevor-tombe-capping-oil-and-gas-emissions-is-a-bad-idea/

Canada's 2025 Federal Budget is now out. All documents are ...

2025-11-04T21:05:44Z

Canada's 2025 Federal Budget is now out. All documents are available here: https://budget.canada.ca/2025/home-accueil-en.html #cdnecon #cdnpoli

Doubling non-U.S. exports over the coming decade is easier than ...

2025-10-30T15:59:32Z

Doubling non-U.S. exports over the coming decade is easier than you might think. But truly boosting our economy requires much more.

My latest for @TheHubCanada on the PM's speech last week: https://thehub.ca/2025/10/30/doubling-non-u-s-exports-is-actually-easy/ #cdnecon #cdnpoli

From the Bank's detailed analysis (their "MPR") this ...

2025-10-29T14:07:44Z

From the Bank's detailed analysis (their "MPR") this morning, they estimate that the U.S. trade policy changes (up to Oct 22) will make Canada's economy ~1.5% smaller than it would otherwise be. That's large (roughly $1.1k per capita!). https://www.bankofcanada.ca/publications/mpr/mpr-2025-10-29/canadian-outlook/ #cdnecon

Today's data: inflation! 📈 Consumer prices in September ...

2025-10-21T14:30:15Z

Today's data: inflation! 📈 Consumer prices in September are up 2.4% compared to Sept 2024. Up from a 1.9% inflation rate in August. What's behind the increase? https://www150.statcan.gc.ca/n1/daily-quotidien/251021/dq251021a-eng.htm #cdnecon

A separate Alberta would be a poorer Alberta. My latest for ...

2025-07-24T13:56:33Z

A separate Alberta would be a poorer Alberta.

My latest for @TheHubCanada on the fiscal and economic fantasies of those promoting independence:
https://thehub.ca/2025/07/24/trevor-tombe-a-separate-alberta-would-be-a-poorer-alberta/ #cdnecon #cdnpoli

What a higher NATO military spending target means for ...

2025-06-12T17:48:37Z

What a higher NATO military spending target means for Canada's finances. My latest for @TheHubCanada on the potential for a 3.5%+1.5% target for NATO members: https://thehub.ca/2025/06/12/trevor-tombe-what-a-higher-nato-military-spending-target-means-for-canada/ #cdnecon #cdnpoli

Liberalizing trade within Canada has long been a challenge. But ...

2025-06-05T13:56:34Z

Liberalizing trade within Canada has long been a challenge. But recent moves by governments right across Canada are making big improvements, led by Atlantic Canada. My new report with PPF explores some the potential gains:

https://ppforum.ca/policy-speaking/free-atlantic-unlocking-regional-growth/ #cdnecon #cdnpoli

How much did the carbon tax actually impact inflation? My latest ...

2025-05-22T16:02:02Z

How much did the carbon tax actually impact inflation?

My latest for @TheHubCanada: https://thehub.ca/2025/05/22/need-to-know-how-much-did-the-carbon-tax-actually-impact-inflation/ #cdnecon #cdnpoli

Today's inflation data: avg prices rose 1.7% in April vs last ...

2025-05-20T14:00:17Z

Today's inflation data: avg prices rose 1.7% in April vs last year.

Absent carbon taxes, inflation would have been 2.3% in April (see: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810025601). This 0.6% effect validates research (incl. by myself and @dr_jen_winter) on the effect of CTaxes. #cdnecon #cdnpoli

Today’s data: the StatCan payroll report! Employment down ...

2025-04-24T13:34:42Z

Today’s data: the StatCan payroll report! Employment down slightly in February, mainly due to a drop in education, while average earnings reach nearly $1.3k per week, up 5.4% over this time last year.

Details: https://www150.statcan.gc.ca/n1/daily-quotidien/250424/dq250424a-eng.htm?HPA=1 #cdnecon

The next government will set the Bank of Canada's mandate. ...

2025-04-17T12:17:17Z

The next government will set the Bank of Canada's mandate. It's an issue receiving little attention.

My latest for @TheHubCanada on the value of targeting inflation and nothing more: https://thehub.ca/2025/04/17/trevor-tombe-dont-mess-with-the-bank-of-canadas-mandate/ #cdnecon #cdnpoli

The S&P 500 has lost 10.5% of its value in two days. Since ...

2025-04-04T23:22:21Z

The S&P 500 has lost 10.5% of its value in two days.

Since 1980, we've only seen larger declines three other times: the '87 crash, Nov 2008, and Mar 2020. And those weren't due to policy choices.

This may be the largest self-imposed destruction of wealth ever.

How bad was today's stock market decline? Of the 11,406 ...

2025-04-03T20:51:45Z

How bad was today's stock market decline?

Of the 11,406 trading days since January 1980, only 29 had larger declines.

Some great new analysis by @TaxFoundation on the latest U.S. ...

2025-04-03T16:25:55Z

Some great new analysis by @TaxFoundation on the latest U.S. tariff developments: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

The U.S. is now set to have the highest average tax on imports since 1933.

If there’s one lesson from the 1930s, it’s that doubling down ...

2025-04-03T15:42:28Z

If there’s one lesson from the 1930s, it’s that doubling down on protectionism and retaliation will only deepen Canada’s economic pain.

My latest for @TheHubCanada on the last time a trade war was a part of a Canadian election: https://thehub.ca/2025/04/03/trevor-tombe-theres-a-lot-we-can-learn-today-from-canadas-last-trade-war-election/ #cdnecon #cdnpoli

Has eliminating the federal retail carbon tax lowered gasoline ...

2025-04-02T17:59:29Z

Has eliminating the federal retail carbon tax lowered gasoline prices? Yes.

With two days of data now, here's my estimate of the effect. Drop appears to fully reflect the tax change. (Note: no change CTax in QC, so that's a nice comparator.) #cdnecon #cdnpoli

Duelling tax cuts from the Liberals and Conservatives may improve ...

2025-03-27T20:25:55Z

Duelling tax cuts from the Liberals and Conservatives may improve family budgets—but they'll do little for the economy. My latest for @TheHubCanada

https://thehub.ca/2025/03/27/trevor-tombe-duelling-tax-cuts-from-the-liberals-and-conservatives-improve-family-budgets-but-do-little-for-the-economy/ #cdnecon

The proposed changes in personal income tax cuts by the LPC and ...

2025-03-24T21:17:35Z

The proposed changes in personal income tax cuts by the LPC and CPC affect different individuals/families differently. Depends on what credits you claim, your income, number of earners in the family, etc. Here's my estimate of the full distribution of changes. #cdnecon

Comparing GDP/capita growth across OECD countries over the past ...

2025-03-19T22:18:41Z

Comparing GDP/capita growth across OECD countries over the past decade (plus selected aggregates like EU/G7/etc). #cdnecon

From StatCan this morning, the latest financial data for ...

2025-03-13T23:01:02Z

From StatCan this morning, the latest financial data for households in Q4 2024 shows a further decline in debt service costs. 14.4% of disposable income went to debt payments, down from 15.1% at peak and back to late 2017 levels. https://www150.statcan.gc.ca/n1/daily-quotidien/250313/dq250313a-eng.htm?HPA=1 #cdnecon

I really enjoyed this @FrontBurnerCBC podcast on the Canada-U.S. ...

2025-03-13T17:58:01Z

I really enjoyed this @FrontBurnerCBC podcast on the Canada-U.S. trade war with @ArmineYalnizyan and @andrew_leach! They both gives excellent insight into how this might affect Canadians and some of the policy ideas out there. Give it a listen:

https://podcasts.apple.com/us/podcast/burner-phone-a-trade-war-call-in-special/id1439621628?i=1000699002813 #cdnecon

A really thoughtful piece by @ChadBown and @D_A_Irwin exploring ...

2025-03-13T14:53:17Z

A really thoughtful piece by @ChadBown and @D_A_Irwin exploring point-by-point the case made for tariffs by the U.S. Administration.

Give it a read! https://www.foreignaffairs.com/united-states/incoherent-case-tariffs #cdnecon #cdnpoli

How much could consumer prices in Canada rise due to the ...

2025-03-11T13:43:38Z

How much could consumer prices in Canada rise due to the phase-one retaliatory tariffs vs the U.S.?

I take a stab at answering that in my latest for @TheHubCanada here: https://thehub.ca/2025/03/11/need-to-know-expecting-a-balanced-budget-dont-carneys-deficit-could-be-even-higher-than-trudeaus/ #cdnecon #cdnpoli

U.S. debt completely unsustainable. The result: higher borrowing ...

2025-03-06T14:53:18Z

U.S. debt completely unsustainable. The result: higher borrowing costs. Never before (at least since 1870) has their govt borrowing rate exceeded Canada’s by as much as it does now.

My latest for @TheHubCanada: https://thehub.ca/2025/03/06/trevor-tombe-canadas-federal-deficit-is-worrying-but-its-nowhere-near-the-fiscal-crisis-the-u-s-is-facing/ #cdnecon #cdnpoli

Not since the Great Depression have Canada-US tariffs risen as ...

2025-03-04T14:21:47Z

Not since the Great Depression have Canada-US tariffs risen as broadly or as sharply. Uncertainty is now double the COVID peak.

My latest for @TheHubCanada roughly quantifies the effect on investment and employment. It’s not pretty: https://thehub.ca/2025/03/04/need-to-know-trumps-tariffs-are-finally-here/ #cdnecon #cdnpoli

With tariffs coming tomorrow, improving Canada's economic ...

2025-03-03T20:18:29Z

With tariffs coming tomorrow, improving Canada's economic union is more important than ever. My latest for @MLInstitute argues that instead of waiting for a national solution, provinces can take unilateral action to do just that: https://macdonaldlaurier.ca/breaking-barriers-how-provinces-can-drive-canadas-prosperity-by-unlocking-trade-and-labour-mobility/ #cdnecon #cdnpoli

Withholding funds is the Fed’s best weapon against internal ...

2025-02-20T21:58:47Z

Withholding funds is the Fed’s best weapon against internal trade barriers.

My latest for @TheHubCanada on how to push provinces to act: https://thehub.ca/2025/02/20/trevor-tombe-poilievres-plan-to-spur-interprovincial-trade-is-good-but-heres-a-better-one/ #cdnecon #cdnpoli

Retaliatory tariffs simply won’t move the needle in the U.S. as ...

2025-02-06T15:13:19Z

Retaliatory tariffs simply won’t move the needle in the U.S. as much as we might like.

My latest for @TheHubCanada: https://thehub.ca/2025/02/06/trevor-tombe-there-are-real-limits-to-what-canada-can-do-in-standing-up-to-trump/ #cdnecon #cdnpoli

Which exporting states are most impacted by Canada's initial ...

2025-02-02T21:18:27Z

Which exporting states are most impacted by Canada's initial tariff retaliation of 25% on exports totaling $30 billion? Here is my initial estimate. #cdnecon

Quick calcs: U.S. tariff is on 80% of #cdnecon exports (not on ...

2025-02-02T00:15:41Z

Quick calcs: U.S. tariff is on 80% of #cdnecon exports (not on services), trade-weighted average rate of 15% (25% goods; 10% energy).

If U.S. demand falls in proportion to the tariff (to illustrate), then that's a $160 billion hit ($100b direct + $60b upstream), ~3% of total.

Quick calcs: U.S. tariff is on 80% of #cdnecon exports (not on ...

2025-02-02T00:08:16Z

The Bank of Canada lowered its policy rate to 3%, noting also ...

2025-01-29T14:58:19Z

The Bank of Canada lowered its policy rate to 3%, noting also that "a trade conflict would most likely lead to weaker GDP and higher prices in Canada." 'Quantitative tightening' is also ending.

Details: https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/

+ Report on #cdnecon: https://www.bankofcanada.ca/publications/mpr/mpr-2025-01-29/

Where might U.S. tariffs have the greatest effect in Canada? ...

2025-01-26T15:49:24Z

Where might U.S. tariffs have the greatest effect in Canada? Here's an experimental estimate of exports to the U.S. per worker by census division. #cdnecon

Is the Alberta Pension Plan idea dead? If you're looking for ...

2025-01-09T17:03:25Z

Is the Alberta Pension Plan idea dead?

If you're looking for a break from federal politics/Canada-US issues/etc., check out my latest for @TheHubCanada here: https://thehub.ca/2025/01/09/trevor-tombe-is-the-alberta-pension-plan-idea-dead/ #cdnecon #cdnpoli

The federal Chief Actuary has released their analysis of what ...

2024-12-20T21:57:14Z

The federal Chief Actuary has released their analysis of what Alberta would receive should it exit the CPP.

It's clear and accessible; give it a read: https://www.osfi-bsif.gc.ca/en/oca/oca-factsheets-other-reports/chief-actuary-position-paper-subsection-1132-canada-pension-plan

TL;DR: The Government of Alberta's 53% share is rejected. I'll explain. #cdnecon #cdnpoli

Today's data: average earnings! 🥳 From today's StatCan ...

2024-12-19T17:30:09Z

Today's data: average earnings! 🥳 From today's StatCan release (https://www150.statcan.gc.ca/n1/daily-quotidien/241219/dq241219a-eng.htm?HPA=1), weekly earnings are now 5.3% above last year (faster rise than inflation). Adjusting for compositional changes, inflation-adj real hourly wages are nearly back to pre-COVID trend. #cdnecon

With all the goings on, there's probably no interest in why ...

2024-12-16T21:33:24Z

With all the goings on, there's probably no interest in why the 2023-24 deficit grew from $40B to $62B.

Just in case: ~75% due to contingent liabilities related to Indigenous rulings/awards; rest due to lower tax revenues.

Details: https://budget.canada.ca/update-miseajour/2024/home-accueil-en.html #cdnecon #cdnpoli

About 2.4 million jobs are exposed to U.S. tariffs, and about ...

2024-12-12T14:16:47Z

About 2.4 million jobs are exposed to U.S. tariffs, and about 300,000 of those jobs are at suppliers to exporters in another province.

My latest on @TheHubCanada on what Trump's threats mean for workers: https://thehub.ca/2024/12/12/trevor-tombe-what-do-trumps-threats-mean-for-working-canadians-2-4-million-jobs-are-exposed-to-u-s-tariffs/ #cdnecon #cdnpoli

It's also sometimes interesting to compare the current policy ...

2024-12-11T15:24:31Z

In reply to nevent1q…nrzq
_________________________

It's also sometimes interesting to compare the current policy rate to some estimate of where it historically would be given labour market and inflation conditions. This would suggest ~2% is appropriate. Note post-pandemic might have a structural break in the rule here.

The Bank of Canada lowered its policy rate this morning by 0.5 ...

2024-12-11T15:24:29Z

The Bank of Canada lowered its policy rate this morning by 0.5 points, to 3.25%. We're now at the top end of their 'neutral rate' range. #cdnecon

Details: https://www.bankofcanada.ca/2024/12/fad-press-release-2024-12-11/

Significant U.S. tax changes are on the way. Canada will need to ...

2024-11-14T17:46:17Z

Significant U.S. tax changes are on the way. Canada will need to respond. And soon.

My latest for @TheHubCanada on what Trump's tax plan means for Canada: https://thehub.ca/2024/11/14/trevor-tombe-what-trumps-tax-plan-means-for-canada/ #cdnecon #cdnpoli

Canadians are paying billions in hidden taxes on new homes. ...

2024-07-25T13:58:09Z

Canadians are paying billions in hidden taxes on new homes. It’s especially bad in BC, where the affordability challenge is greatest.

My latest for @TheHubCanada: https://thehub.ca/2024/07/25/trevor-tombe-canadians-are-paying-billions-in-hidden-taxes-on-new-homes/ #cdnecon #bcpoli #cdnpoli

This morning, the Bank of Canada lowered its policy rate from ...

2024-07-24T13:47:35Z

This morning, the Bank of Canada lowered its policy rate from 4.75% to 4.5%. The second rate cut in a row.

Details: https://www.bankofcanada.ca/2024/07/fad-press-release-2024-07-24/

Also released it's quarterly econ analysis: https://www.bankofcanada.ca/2024/07/mpr-2024-07-24/

#cdnecon #cdnpoli

Several Premiers raised concerns about equalization today. Little ...

2024-07-18T01:13:01Z

Several Premiers raised concerns about equalization today. Little of substance, but that doesn’t mean there isn’t a case for change.

From me last month: it may be time for a new deal for provinces https://thehub.ca/2024/06/13/trevor-tombe-its-time-for-a-new-new-deal-for-provinces/ #cdnpoli #cdnecon

Canada's inflation rate slowed to 2.7% in June, down from ...

2024-07-16T13:20:38Z

Canada's inflation rate slowed to 2.7% in June, down from 2.9% in May: https://www150.statcan.gc.ca/n1/daily-quotidien/240716/dq240716a-eng.htm?HPA=1

On a monthly basis, this means the rate of price increases is normal. #cdnecon #cdnpoli

Canada’s resource sector is its productivity powerhouse. My ...

2024-07-11T13:13:02Z

Canada’s resource sector is its productivity powerhouse.

My latest for @TheHubCanada: https://thehub.ca/2024/07/11/trevor-tombe-canadas-resource-sector-is-its-productivity-powerhouse/ #cdnecon

Cut red tape. Boost productivity. Foster growth and labour ...

2024-06-27T14:40:28Z

Cut red tape. Boost productivity. Foster growth and labour mobility.

Ontario has a chance to do all of these and more.

My latest for @TheHubCanada: https://thehub.ca/2024/06/27/trevor-tombe-ontario-can-easily-add-4-billion-a-year-to-its-economy-and-all-it-takes-is-playing-nice-with-the-western-provinces/ #cdnecon #cdnpoli

Today's data: inflation! Rises to 2.9% in May, compared to ...

2024-06-25T13:07:59Z

Today's data: inflation! Rises to 2.9% in May, compared to 2.7% in April. Main reason for the acceleration: travel tours and communications.

Some more in the thread. #cdnecon #cdnpoli

Now more than ever, the time is ripe for another new deal for ...

2024-06-13T14:52:27Z

Now more than ever, the time is ripe for another new deal for provinces.

My latest for @TheHubCanada on fed-prov finances: https://thehub.ca/2024/06/13/trevor-tombe-its-time-for-a-new-new-deal-for-provinces/ #cdnpoli #cdnecon

When it comes to how we experience inflation, not all goods are ...

2024-05-30T13:02:50Z

When it comes to how we experience inflation, not all goods are created equal.

My latest for @TheHubCanada on why inflation may feel higher than the statistics suggest: https://thehub.ca/2024/05/30/trevor-tombe-the-experts-who-downplay-affordability-issues-are-wrong-youre-right-to-be-worried-about-the-pinch/ #cdnecon #cdnpoli

Calgary's inflation rate in April was the highest in the ...

2024-05-21T17:02:40Z

Calgary's inflation rate in April was the highest in the country, at 3.6% compared to the Canada-wide rate of 2.7%. A 0.9 point gap.

I estimate that most (0.5 points) of this gap is accounted for by faster rent increases in the city.

Today's data: inflation rate falls to 2.7% in April. Would ...

2024-05-21T13:45:28Z

Today's data: inflation rate falls to 2.7% in April. Would have fallen more, but gasoline pushed the rate up. Shelter remains largest contributor, but pace of increase is falling.

https://www150.statcan.gc.ca/n1/daily-quotidien/240521/dq240521a-eng.htm #cdnecon #cdnpoli

The effective tax on new investment in Canada will increase from ...

2024-05-16T16:31:34Z

The effective tax on new investment in Canada will increase from 13.7 percent to nearly 17 percent. It's probably the largest tax increase you've never heard of.

My latest for @TheHubCanada here: https://thehub.ca/2024-05-16/trevor-tombe-canada-just-introduced-the-largest-tax-increase-youve-heard-of #cdnecon #cdnpoli

Today's jobs report for Alberta gives example of how rising ...

2024-05-10T16:37:28Z

Today's jobs report for Alberta gives example of how rising unemployment isn't necessarily a bad thing. Unemp rate rose +0.7 (!) but was *entirely* due to an increase in labour force participation (a good thing!). Employment rose (and kept pace with population growth). #ableg