In March 2020, the Trudeau government launched a new version of the Insured Mortgage Purchase Program (IMPP). According to CMHC’s website: “Under this program, the government will purchase up to $50 billion of insured mortgage pools through CMHC.” Here are 10 things to know: 1. Canada Mortgage and Housing Corporation (CMHC) is a federally-owned crown corporation. Many of us know […]
Read moreCanada’s most prominent progressive economist has passed. He will be sorely missed. https://canadiandimension.com/articles/view/mel-watkins-a-life-well-lived
Read moreThe legendary Prof. Harry Glasbeek of Osgoode Hall Law School at York University has penned the following commentary on how the COVID-19 pandemic is revealing and reinforcing the deep flaws in our economic and social order. It ends on a hopeful note: the people will demand better, when the immediate health crisis has passed. Prof. Glasbeek is the author of […]
Read moreThe federal government has announced it is prepared to pay wages subsidies of up to 75% of employee wages for all private businesses and other employers, including non-profits, partnerships and charities that expect a 30% drop in revenues, up to a maximum of $847/worker per week and $11,011 over the three months.??The previously announced 10% wage subsidy was only available […]
Read moreWith the federal government is increasing its temporary wage subsidy to 75%, other reforms are needed to ensure the public funding goes to maintain workers, and not pad the profits of businesses. In the face of the COVID19 crisis, the Canadian government has done a very good job of both limiting the spread of the virus and putting in place […]
Read moreI’ve written a ‘top 10’ overview of things to know about affordable housing and homelessness, as they relate to Canada’s upcoming federal budget. The overview is based on the affordable housing and homelessness chapter in the just-released Alternative Federal Budget. A link to the ‘top 10’ overview is here.
Read moreHere are some quick thoughts on the extensive package of emergency measures announced today by Prime Minister Trudeau, Finance Minister Morneau, and Bank of Canada Governor Poloz: The Pros: The government has worked quickly and creatively to find ways to deliver support to Canadians, and fast – using the infrastructure of existing benefits, and developing new channels where needed. The […]
Read moreThe health emergency created by the COVID-19 pandemic is of course the primary concern of Canadians, and the first priority for government to address. But it is increasingly clear that the economic fallout from the pandemic is also going to constitute an emergency. And it requires government to respond as urgently and powerfully in the economic sphere, as they are […]
Read moreI’ve written a ‘top 10’ overview of the 2020-21 Alberta budget, tabled on February 27. The link to the overview is here.
Read moreI’ve written a summary of a recent study I co-authored on savings to the health and justice sectors associated with Housing First (i.e., the immediate provision of subsidized housing, along with social work support, to persons experiencing long-term homelessness). The study, based on a large sample size from Calgary, finds that every $1 spent on Housing First is associated with […]
Read moreIn an important new book Keynes Against Capitalism: His Economic Case for Liberal Socialism (Routledge, 2019) James Crotty argues that Keynes was a socialist who advocated a much more radical economic agenda than most mainstream economists and political analysts realize. Based on a very close reading of Keynes’ work, Crotty argues that core Keynesian economic ideas should inform democratic socialism […]
Read moreNext week, Jason Kenney’s UCP government will table its second budget. With that in mind, I’ve written a blog post titled “Ten things to know about income support for low-income households in Alberta.” Points raised in the blog post include the following: -Low income is associated with lower food expenditures, including fewer purchases of milk, fruits and vegetables. -Lone-parent families […]
Read moreIn anticipation of next week’s Alberta budget, I’ve written a ‘top 10’ overview of subsidized rental housing in the province. Points raised in the blog post in include the following: -On a per capita basis, Alberta has far fewer subsidized housing units than the rest of Canada. -In 2017, BC’s provincial government funded more than 15 times as many housing […]
Read moreRobert Clark has written a very good book about Canada’s prison system. Mr. Clark worked from 1980 until 2009 in seven different federal prisons, all located in Ontario. The book is a compilation of personal accounts based on the author’s various assignments. Since prisons can be a pipeline into homelessness, I’ve reviewed the book with great interest. My review is […]
Read moreI’ve written an assessment of the 2014-2019 St. John’s Community Plan to End Homelessness. The full assessment can be found here. Points raised in the assessment include the following: -Newfoundland and Labrador has the highest unemployment rate of any Canadian province. This pulls people into homelessness, while also making it more challenging for the provincial government to finance policy asks […]
Read moreI’ve just written a ‘top 10’ overview of the recent Alberta budget. Points raised in the post include the following: -The budget lays out a four-year strategy of spending cuts, letting population growth and inflation do much of the heavy lifting. -After one accounts for both population growth and inflation, annual provincial spending in Alberta by 2022 is projected to […]
Read moreI’ve written a blog post providing an overview of poverty measurement in Canada. Points raised in the post include the following: -One’s choice of poverty measure has a major impact on whether poverty is seen to be increasing or decreasing over time. -Canada’s federal government recently chose the make the Market Basket Measure (MBM) its official poverty measure. -According to […]
Read moreMore than one million people marched in Santiago on October 26 to protest the Government’s security response to Chile’s current political crisis and to demand structural economic reforms to reduce inequality and increase social services. In this post I analyze these grievances from a quantitative perspective and explore what it would take to translate them into policy. This is my […]
Read moreI’m co-author of a recent blog post about the fight to end homelessness in St. John’s (Newfoundland and Labrador). Points raised in the blog post include the following: -Recent increases in federal funding for homelessness have made a very important difference to St. John’s homeless-serving sector. I’m referring here to increases brought in by the Trudeau government. -The corrections sector […]
Read moreIn an impressive overview of the state of Canadian Political Economy, a new book Change and Continuity ed. by Mark P. Thomas et.al. includes two important articles on the continuing relevance of the staple thesis. On the one hand, Jim Stanford’s “Staples Dependence Renewed and Betrayed: Canada’s Twenty-First Century Boom and Best” does just as its title tells because of […]
Read moreI’ve written a blog post about the use of homeless shelters by Indigenous peoples in Canada. The post is inspired by recently-accessed, internal analysis done by staff at Employment and Social Development Canada. One point raised in the blog post is that there is no clear indication from the presentation of the analysis that Indigenous peoples or groups were engaged […]
Read moreAndrew Scheer argues carbon pricing is the wrong way to limit GHG emissions. He has pledged to eliminate the federal carbon pricing system, promising that scrapping it will bring down the cost of living and unleash more business investment.
Read moreI’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned by non-resident, non-Canadians. The full blog post can be accessed here.
Read moreThis is a longer, wonkier version of a piece I wrote for National Newswatch. As part of a broader fair tax agenda, Jagmeet Singh and the federal New Democratic Party have proposed a wealth tax. This is intended to fight obscene and rising levels of economic inequality by limiting the concentration of wealth in the hands of the very rich, […]
Read moreI’ve just reviewed Eric Weissman’s book on intentional homeless communities. Points made in the review include the following: -Intentional communities in general are communities built around specific goals. But in the case of this book, I mean small communities of housing sometimes made from discarded, donated and recycled material, and sometimes purpose-built, to address homelessness. -Intentional communities are not the […]
Read moreI have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes currently exceed the provincial government’s own class-size targets. -Tuition fees […]
Read moreMany elements have to come together if Canada is to significantly reduce its greenhouse gas (“GHG”) emissions. There is now a technical consensus that “electrification” – the replacement of fossil fuels with electricity as an energy source – is a necessary condition for decarbonization, and that electrification will require that zero/low-emission electricity generation double or triple by 2050. In this […]
Read moreI’ve just written a ‘top 10’ overview blog post about affordable housing in Alberta. Points raised in the blog post include the following: -On a per capita basis, Alberta has far fewer subsidized housing units than the rest of Canada -Some Alberta cities have much more low-cost rental housing (per capita) than others. -Going forward, the impact of the federal […]
Read moreThe Alberta Alternative Budget (AAB) is an annual exercise whose working group consists of researchers, economists, and members of civil society (full disclosure: I’m the Editor). Our general mandate is to create a progressive vision for Alberta to boost economic growth and reduce income inequality. This year’s document was released today, and here are 10 things to know: The NDP […]
Read more(June 24, 2019-Calgary) With Alberta’s economy still facing challenges and vulnerabilities, the Alberta government should not be doling out tax cuts or cutting social spending, according to the Alberta Alternative Budget (AAB) released today. “Alberta still has, by far, the lowest debt-to-GDP ratio of any province,” says Nick Falvo, editor of the report. “We are in a good position to […]
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