Unemployment spike may trigger rethink of EI program

As the system increases in generosity and accessibility in Atlantic Canada, it may perpetuate the nation’s problems with EI

Unemployment spike may trigger rethink of EI programBy Alex Whalen and Fred McMahon The Fraser Institute The spike in unemployment across Canada due to the COVID-19 pandemic has triggered changes in the employment insurance (EI) program. And those changes could lead to significant problems. When unemployment grows in any of the country’s 62 EI regions, eligibility and benefits change along with it.…

Reduce income taxes to spur Nova Scotia’s recovery

Attempting to fight high deficits while maintaining high tax rates will reduce the province’s economic growth prospects

Reduce income taxes to spur Nova Scotia’s recoveryBy Alex Whalen and Tegan Hill The Fraser Institute Due largely to COVID-19, the big banks project negative growth for Nova Scotia’s economy in 2020, ranging from -5.5 per cent to -7.4 per cent. Without a strong rebound, such a steep recession could have a lasting impact on living standards in the province and Maritime…

Nova Scotia government faces debt tidal wave

Rising government debt can dampen economic growth and divert billions of dollars away from important public priorities

Nova Scotia government faces debt tidal waveBy Jake Fuss and Alex Whalen The Fraser Institute Just three months ago, provincial Finance Minister Karen Casey released a budget projecting an operating surplus, which would have been the Nova Scotia’s fifth consecutive balanced budget. However, due to COVID-19, circumstances have changed dramatically and the province now expects to run a large deficit this…