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By Finn Poschmann Published in the Financial Post on March 22, 2012 The federal budget due March 29 almost certainly will unveil the government’s thinking on the future of the Canadian covered bond market. This may prove strangely important, because covered bonds lie at the heart of one of the most contentious public policy issues in the Canadian financial system. The bonds are “covered” because…

  From: William B. P. Robson To: Canada's Pension Regulators Date: February 9, 2018 Re: Ontario’s Latest Turn in the Vicious Circle of Government Pension Guarantees The trauma of pensioners left short when the sponsor of an underfunded plan goes bust prompts regular calls for government pension backstops. In Ontario, the only Canadian jurisdiction with such a program, these…

Providing a comprehensive, one-size-fits-all guaranteed annual income (GAI) is not the best solution to fighting poverty in Canada, according to a new report from the C.D. Howe Institute. In “Toward a New Balance in Social Policy: The Future Role of Guaranteed Annual Income within the Safety Net,” author Peter Hicks urges policymakers to address poverty by using a “bottom-up” approach and…

The accumulation of past failures in fighting poverty has breathed new life into proposals to introduce a basic income, also known as a Guaranteed Annual Income. Ontario, for example, has a pilot project underway championed by former senator Hugh Segal. But, is the basic income approach, where governments provide direct financial support to low-income people, the best approach? Basic income…