NOVEMBER 2013 POLICY RESEARCH
November 6, 2013 – After several years of relatively robust performance, Canada is lagging its peers in business investment growth. In “Equipping Canadian Workers: Business Investment Loses a Step against Competitors Abroad,” authors Benjamin Dachis and William B.P. Robson find 2013 growth in new private-sector plant and equipment spending per worker in Canada seems likely to lag investment abroad, with strength in the more natural-resource-oriented provinces offset by weakness in Central Canada and the Maritimes. Summary here. Media coverage: Advisor.ca
November 13, 2013 – Postsecondary tax credits cost the federal and provincial governments billions of dollars each year, but are not distributed equitably and may have no proven effect in boosting enrolment. In “What You Don’t Know Can’t Help You: Lessons of Behavioural Economics for Tax-Based Student Aid,” author Christine Neill finds flaws in the design of postsecondary tax credits and recommends they be better-targeted at low-income families that need them most. Summary here. Media coverage: Higher Education Strategy, Globe and Mail
November 19, 2013 – Ontario healthcare reforms have made headway in improving access to primary care by implementing the “capitation” model where doctors are paid mainly for a roster of patients rather than fee-for-service – but too many patients are still using “outside” doctors. In “Accountability and Access to Medical Care: Lessons from the Use of Capitation Payments in Ontario,” authors Åke Blomqvist, Boris Kralj and Jasmin Kantarevic suggest an area for further reform would be to encourage patients to stick to their regular doctor. Summary here.
November 27, 2013 – Canada’s foreign aid could be more effective, were strategies in place that addressed the problem of weak host-country governance, which currently renders aid inefficient or even counter-productive. In “Diplomacy, Trade and Aid: Searching for Synergies,” author John Richards proposes a mix of corporate social responsibility for Canadian firms engaged in trade with low-income countries, diplomatic involvement in aid projects, and aid projects designed to address problems of “weak” host-country governance. Summary here.
November 28, 2013 - The C.D. Howe Institute’s Monetary Policy Council (MPC) recommended that the Bank of Canada keep its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on December 4, 2013. The Council further called for the Bank to hold the target at 1.00 through to December 2014. The majority of MPC members urged the Bank of Canada to add forward guidance to its communiqué on the upcoming decision indicating willingness to lower interest rates should the disinflationary output gap in the Canadian economy not close as fast as expected, and should inflation look likely to stay below target longer than expected. Recommendation here.
NOVEMBER 2013 C.D. HOWE INSTITUTE OP-EDS
Time to negotiate a schools act for First Nations: Globe and Mail
Houses and hell: Why Canada isn’t on the fiery route: Financial Post
Who pays for higher corporate taxes? We all do: Globe and Mail
‘Big CPP’ at the young’s expense: Globe and Mail
How Canadians can pay for long-term care: Ottawa Citizen
Good luck to Fed Chairman Janet Yellen: Financial Post
Canada’s education tax breaks are flunking: Globe and Mail
Stay tuned for changes: Financial Post
In praise of high frequency traders: Financial Post
To improve equality, it’s education and opportunity that matter: Globe and Mail
The bizarre political optics of free-trade agreements: Globe and Mail
A real wait-times cure: National Post
UPCOMING POLICY EVENTS
C.D. Howe Institute events are open to members, institutional subscribers, and their guests.
To register, or for more information on our events and sponsorship opportunities, contact Christina Chew at firstname.lastname@example.org or 416-943-1406. For information on joining the Institute, please contact Nairy Emirzian at 416-865-1904 ext. 8176 or email email@example.com.
|Ray Gilmour, Deputy Minister, Alberta Treasury Board and Finance: Alberta’s 2013 Budget and the Effects of Flooding on Alberta’s Economy|
|Rupert Duchesne, Group CEO, AIMIA: The Age of Big Data: Building Real Relationships
Sponsored by TD Bank Group
|Dorian Lo, Executive Vice-President, Pharmacy and Healthcare, Shoppers Drug Mart; Craig Worden, Senior Vice-President, Public Affairs, Pollara Strategic Insights; and Margaret Wente, Columnist, The Globe and Mail: What Matters to Canadians: How Public Perceptions Influence Policy Choices
Sponsored by Manulife Financial
|The Hon. Kerry-Lynne Findlay, Minister, Canada Revenue Agency|
|Eileen Mercier, Chair of the Board, Ontario Teachers’ Pension Plan|
|Hal Kvisle, President and CEO, Talisman Energy Inc.|
|Andrea Horwath, Leader, Ontario NDP|
|Mark Zelmer, Assistant Superintendent, Regulation Sector, OSFI|