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…

Majority of Canadians stressed about their finances

The survey found that one-in-three Canadians are fearful of losing their job due to the pandemic

Majority of Canadians stressed about their financesA new survey released Tuesday by the Canadian Payroll Association finds that 58 per cent of Canadians feel more stressed about their finances due to the COVID-19 pandemic.  “The repercussions of the pandemic continue to threaten our country’s return to stability. Our research shows that COVID-19 has directly affected the financial stress of working Canadians,…

No-fault insurance runs counter to free-market ideals

No-fault insurance runs counter to free-market idealsWith everyone’s attention riveted on COVID-19, it’s important to remember there are still unrelated bad policy ideas that could become legislation. The Alberta government recently convened an expert panel to examine what’s widely being called Alberta’s car insurance problem. As is usually the case in these types of matters, the problem seems to be largely…

Canadians plan to reduce discretionary spending

Canadians aged 15 to 34 were more likely than those aged 35 and older to expect to spend more on recreation and entertainment

Canadians plan to reduce discretionary spendingA new report by Statistics Canada says Canadians plan to reduce discretionary spending during the recovery period of the COVID-19 pandemic. The study "Expected changes in spending habits during the recovery period," is based on results from a recent web panel survey conducted in June, looking at how spending habits may change. “Canadians were less…
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