12 results found for "guaranteed annual income"
Op-Ed
Published in the Globe and Mail on November 26, 2013
By Christopher Ragan
Economists see the world differently than business people and politicians. This is never more evident than in discussions about the benefits of freer trade.
Here’s a suggestion for an educational evening: Invite an economist, a businessman and a politician for dinner and ask them if Canada would benefit by unilaterally…
Op-Ed
Published in the Globe and Mail on May 29, 2013
By Christopher Ragan
Mark Carney gave his last public speech as Governor of the Bank of Canada last Tuesday, and used that opportunity to speak about how well “Canada works.”
He spoke about the success of monetary and fiscal policy during the financial crisis, and about Canada’s resilient financial system. He explained how Canada’s monetary union –…
Op-Ed
Published in the Financial Post on June 7, 2013
By Finn Poschmann
The Bank of Nova Scotia, a few days ago, received permission from the Securities and Exchange Commission to market to U.S. retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was following a trail blazed by the Royal Bank of Canada; market rumour has it that the Bank of Montreal…
Op-Ed
Published in the Financial Post on October 2, 2013
By Finn Poschmann
Last Wednesday Scotiabank sold the first Canadian bonds backed by consumer lines of credit in 12 years. The highly rated issue sold at market, according to a Bloomberg report, at an impressive 78 basis points over similar-term Canadian government bonds.
Critics may worry that such events signal a continuing explosion in…
Op-Ed
Published in the Financial Post on February 7, 2013
By Philippe Bergevin and Finn Poschmann
Through what are known as financial Crown corporations, the federal government is a big player in financial markets, as a direct lender, a guarantor, and an insurer. While CMHC, the federal mortgage insurer, has grabbed attention in recent years owing to its — and federal taxpayers’ — backing of about…
Op-Ed
Published in the Financial Post on August 9, 2013
By Finn Poschmann
Business headlines flowed fast this week: Regulatory limits on government-backed mortgage security issuance kicked in and ruffled markets in Canada, and President Obama endorsed a Senate bill that would overturn housing finance mechanisms in the United States.
The U.S. first. The current in the U.S. represents fundamental…