Op-Eds

Canadian governments are counting on strong economic growth to reduce debt burdens that ballooned during the pandemic. But realizing that growth depends on how well Canadian businesses adapt to rapidly changing market realities.

In the near term, Canada’s economic recovery looks promising as business activity bounces back.

In the longer term, however, Canada’s economy faces strong headwinds that are not being factored into government projections. Canada’s economic challenges go beyond slowing labour force growth and modest productivity gains. Fiscal recovery forecasts do not consider the probability of more frequent and costly natural disasters or the implications of the global economic transformation to stave off the…

La partie ne sera pas facile, mais les régulateurs ont commencé à serrer la vis au Bitcoin, à ses milliers de cousins cryptos et aux infrastructures qui gravitent dans cet univers opaque et apatride.

La Financial Conduct Authority du Royaume-Uni, incapable de superviser adéquatement Binance, la plus grande Bourse de cryptomonnaies au monde, interdit ses activités sur son territoire. La plateforme n’a pas répondu aux questions de base posées par le régulateur, qui estime que ses « produits complexes et à haut risque » font courir des « risques significatifs » aux investisseurs.

Binance, incorporée dans les îles Caïman, n’a pas de siège social. Chaque mois, il se négocie sur cette Bourse immatérielle des centaines de…

In a Post op-ed earlier this spring, “Why Canada’s toothless Competition Bureau can’t go after Big Tech,” Vass Bednar and Robin Shaban argued that Canada’s competition authorities are unable to “protect consumers from the dominance of Big Tech firms like Google and Facebook.” They advocated turning the Competition Bureau, a law enforcement agency, into an agency that investigates, and may even impose penalties or remedial action for conduct that has the potential to be anti-competitive. And they proposed giving the Bureau the power to seize data or compel production of business documentation for “market studies” from entities that are not even being formally investigated. As a 2017 report from the C.D. Howe Institute noted…

Toronto is a creative, resilient city. The underlying strength of our economy, built on world-leading talent and diverse, innovative local businesses, will enable us to rebound from the COVID-19 pandemic. That is the good news.

Tackling the uneven impact of the current crisis — disastrous for some sectors but profitable for others, devastating for many people but enriching for others — will take hard work and tough choices. As members of the city’s Economic and Culture Recovery Advisory Group, we are committed to building an inclusive economic recovery that not only gets the economy and our cultural realm back on track, but also remedies the structural inequities that create barriers to prosperity for many of our racialized and…

Canada’s buoyant housing market, with lots of new construction, booming renovations, and a torrid pace of transactions, has been a good news story in a year that had too few. But as underlined in a recent FP article called “The housing boom that never ends,” the news on housing has been a little too good.

Meanwhile, other business investment – in non-residential structures, machinery and equipment, and intellectual property – has languished. We ended 2020 in a troubling place: recent GDP numbers from Statistics Canada showed that private residential investment almost equaled all other types of private investment in the fourth quarter. In other words, almost half of all private non-consumption spending was on housing…