Tag Archives: infrastructure

Letter from the President: Wisdom from the Asian Financial Forum and the lessons for Canadian policymakers (IIAC Blog)

Letter from the President: Wisdom from the Asian Financial Forum and the lessons for Canadian policymakers (IIAC Blog)

In my latest Letter from the President, I look at the rise of populism in the developed world. The emergence of the so-called “new normal”, marked by weak GDP growth and stagnant incomes, has unfolded as a troubling, persistently enduring economic condition, rather than a cyclical phenomenon. I argue that governments must find consensus for pro-growth policies to break the economic malaise, embracing low tax rates, broad tax reform, stimulative spending, and deregulation, and avoid the impulse for excessive social spending and protectionism. Failure risks political pressure for even more radical policy solutions.

The IIAC has … Continue reading

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IIAC 2016 Federal Budget Response (IIAC Blog)

IIAC 2016 Federal Budget Response (IIAC Blog)

The 2016 federal budget comes in the midst of a marked deceleration in economic growth and the prospect of a modest recovery over the next year. Stepped-up program spending over the next two fiscal years, averaging 6 percent annually, provides support for growth and a buffer to cushion the economic downturn through enhanced programs for the elderly and the unemployed, and for families under the new Canada Child Benefit. The federal spending trajectory, however, is mindful of keeping the debt-to-GDP in check.

The budget deficit balloons to just under $30 billion in the coming fiscal year … Continue reading

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