Pressure is growing for the Bank of Canada to raise interest rates
Bank of Canada Governor Stephen Poloz insists the economy is weaker than it appears, but that argument is now in trouble
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Kevin Carmichael
Kevin Carmichael is a senior fellow at the Centre for International Governance Innovation. He has written about economics, policy and policy makers for two decades from Ottawa, Washington, Mumbai, and, currently, Montreal.
Why you should be wary when O’Leary promises big GDP growth
That reality-television hucksters such as Trump and O’Leary would overstate their abilities is no surprise, but don’t be seduced into thinking economic policy is easy
An uncertain ‘Trump effect’ forces caution in Ottawa
Sunny days might be ahead for Canada’s economy, but forecasters are split—and the budget’s priorities reflect a lack of consensus
Why Bay Street and Trudeau don’t see eye to eye
Bay Street is struggling to adjust to a world where inequality, and not finance, is the primary focus of economic policy in Ottawa
How Canada’s big banks pumped up the housing bubble
The banks earn big profits off soaring house prices, knowing that taxpayers will clean up the mess if the bubble pops. That has to change.
Why Bay Street is more bullish than the Bank of Canada
When the Bank of Canada releases its interest rate decision on Wednesday, don’t expect it to share Bay Street’s optimism about Canada’s economy right now
Why some businesses might be OK with a populist Trudeau budget
A federal budget that targets income inequality with ’soak the rich’ tax hikes would anger many executives, but not all of them
Canada shouldn’t throw Mexico under the bus to placate Donald Trump
Some pundits argue the best way to defend Canada’s interests is to ditch Mexico and go it alone on NAFTA 2.0 negotiations. That’s a shortsighted dead end.
When it comes to trade, the U.K. is stuck in the past
The nostalgists running the U.K. love the idea of trade because it equates to a time when England set the terms, and not the weakened position it’s now in
B.C. is desperate to keep its housing bubble aloft. It won’t work.
Canada’s household debt is at record highs and a reckoning is coming. B.C.’s offer to further burden the most vulnerable borrowers will surely backfire