The Cost of Regulatory Opacity

The Canadian government’s recent blocking of the sale of Progress Energy Resources to Malaysian state-owned Petronas has raised calls to act on the vagueness of the “net benefit” test applied to mergers in Canada over $331 million. The lack of clear criteria for this net benefit test has serious economic implications for investment in Canada. […]

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The Canadian Mint Has Unveiled the Blueprint of a Bitcoin Successor

The Bitcoin currency – an online, anonymous currency, ‘mined’ by computing power – was fraught with problems from the start. Bitcoin’s supporters champion that it’s ‘safe from the instability of fractional reserve banking‘. Hardly. Bitcoin has proven to be a volatile currency, with only a tiny market for goods and services, no available deposit insurance, […]

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Canada Staved Off 4th Quarter Contraction

With most economic indicators in for December, it appears that Canada’s economy experienced positive but modest growth in the 4th quarter. Canada’s soaring trade balance kept Canada’s economy from shrinking as the Canadian consumer began to ease spending. Overall, low interest rates supported continued new building in both the residential and private sectors. As for […]

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Canada’s Brain Gain

To a roomful of academics in August, Stephen Harper announced the end of Canada’s “brain drain” – the end of highly skilled professionals leaving Canada for the U.S. and other countries. Although Canada’s “brain drain” was likely overblown even during the height of its hype (Here is a Stats Can report on the issue from […]

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