In March 2020, the Trudeau government launched a new version of the Insured Mortgage Purchase Program (IMPP). According to CMHC’s website: “Under this program, the government will purchase up to…
I’ve written a blog post about what the recent federal budget means for Canada’s housing market. Points I make in the blog post include the following: -The budget contains several…
Review of Worst-Case Economics: Extreme Events in Climate and Finance by Frank Ackerman *** Long ago economics was termed “the dismal science,” but in recent years that title has arguably…
I was asked to review Frank Ackerman’s Worst-Case Economics: Extreme Events in Climate and Finance. I’ve learned a lot from his writing over the years so it was a pleasure…
My first, second and third posts on the Ontario electricity sector described how policy and administrative decisions by different Liberal Governments gave rise to excess electricity generation with an inflated…
Do you ever sit in bed late at night wondering what it is that Finance Canada, the Privy Council Office and Treasury Board Secretariat actually do? Well, wonder no more…
This afternoon I gave a presentation to Professor Ted Jackson’s graduate seminar course on higher education, taught in Carleton University’s School of Public Policy and Administration. The link to my…
Under the headline “Canada Isn’t Rotten to the Core”, the new editor of the Ivey Business Journal, Thomas Watson, attacked my book “Thieves of Bay Street” in his inaugural editorial.…
Canadians are now more indebted than either Americans or the Brits at the peak of their housing bubble. Statistics Canada today revised the national accounts. The result on the household…
The CCPA today released my report: “The Big Banks Big Secret” which provides the first public estimates of the emergency funds taken by Canadian banks. The report bases its estimates…
This is my latest column for Canadian Business magazine. Giorgio, a hard-working, smart-as-a-whip University of Toronto student, asked me a great question after a recent guest lecture: What if the…
