Economy | Subjects | CFEE Classroom Edition

High-income earners paid $4.6-billion less in taxes in 2016 despite higher rate for top 1 per cent

In the News | August 27, 2018

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The Liberal government’s tax on Canada’s top 1 per cent failed to produce the promised billions in new revenue in its first year, as high-income earners actually paid $4.6-billion less in federal taxes. The Liberal... read more

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Saudi Arabia assures Canada dispute won’t block oil sales

In the News | August 10, 2018

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Saudi Arabia’s Energy Minister says the diplomatic rift with Canada won’t disrupt the kingdom’s oil sales to Canadian customers, an announcement that demonstrates there are limits to the retaliation Riyadh is willing to mete out... read more

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U.S. slams Canada, others in WTO case for retaliating against Trump’s tariffs

In the News | July 16, 2018

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The United States has filed complaints against Canada and other countries at the World Trade Organization for retaliating against President Donald Trump’s tariffs on steel and aluminum. Mr. Trump’s trade chief, Robert Lighthizer, announced five... read more

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Canada’s household debt burden falls to two-year low

In the News | June 15, 2018

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Canada’s household debt load took a notable step back from near-record levels in the first quarter of the year, as the trifecta of tougher mortgage rules, rising interest rates and accelerating incomes delivered a dose... read more

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U.S. decision on tariffs heightens tensions ahead of G7 leaders’ summit

In the News | June 1, 2018

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Bill Morneau will be expressing Canada’s strong objections to new U.S. tariffs when he meets directly with Treasury Secretary Steven Mnuchin during closed-door G7 meetings this week. Canada’s Finance Minister acknowledged the U.S. decision to... read more

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Trudeau government to buy Kinder Morgan’s Trans Mountain for $4.5-billion

In the News | May 30, 2018

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The Trudeau government is taking an extraordinary step in its push to ship more oil sands crude to global markets and will buy the Trans Mountain pipeline from Kinder Morgan for $4.5-billion after the company... read more

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Trudeau cabinet blocks Chinese takeover of Aecon over national security concerns

In the News | May 24, 2018

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The federal cabinet has invoked national security threats to block the proposed $1.5-billion takeover of Canadian construction giant Aecon Group Inc. by a Chinese state-owned enterprise − a decision that is likely to cause a... read more

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As economy firms, Poloz remains cautious on rates amid high debt levels

In the News | May 2, 2018

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Bank of Canada Governor Stephen Poloz is grappling with powerful and conflicting economic forces that are complicating his efforts to wean the economy off the low interest rates that are fuelling excessive borrowing. On the... read more

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Strong and what?

Cartoons | April 25, 2018

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Canada's Supreme Court has ruled that there is no constitutional guarantee of free trade between provinces.

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World Bank study on South Africa exposes ANC’s failure to reduce poverty

In the News | April 6, 2018

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Nearly a quarter of a century after apartheid ended, South Africa remains the most unequal country in the world by any measure, and race is still one of the biggest determinants of income and wealth,... read more

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2018 Ontario budget: Liberals go into the red with billions in spending promises

In the News | March 29, 2018

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Ontario is plunging back into red ink for at least the next six years as the province’s Liberal government promises billions in new spending on marquee social programs only weeks before a spring election. The... read more

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Beijing warns of ‘people’s war’ against U.S.: Chinese consumers now global superpower

In the News | March 23, 2018

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As China plots its response to a White House determined to extract blood on trade, Beijing’s leadership knows it cannot match U.S. military or economic might. But Chinese decision makers also know they now oversee... read more

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Many Ontarians will pay a steep price if Doug Ford keeps his budget promises

Guest Column | March 19, 2018

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Jim Stanford is Harold Innis Industry Professor of Economics at McMaster University. Ontarians watched with fascination as provincial Progressive Conservatives demonstrated their proficiency at counting leadership ballots. Now, voters are waiting to see if the... read more

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The Threat of a Global Trade War – Will the U.S. Actually Fire the First Shot?

Behind the Breaking News | March 15, 2018

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(Article by Gary Rabbior, President, Canadian Foundation for Economic Education) Stock markets responded negatively to President Trump’s announcement that the U.S. would place a 25% tariff on imported steel and a 10% tariff on imported... read more

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Man of steel

Cartoons | March 8, 2018

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President Trump threatened to slap large tariffs on imported steel, but later seemed to be wavering in the case of Canada.

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