The Argument for Better Access to AEDs

I recently took my very first First Aid course with CPR and AED certification for St. John's ambulance and I was astounded to learn how effective Automatic External Defibrillators (AEDs) are at saving lives. In cases of cardiac arrest, an AED can double the rate of survival from an out-of-hospital cardiac arrest (Weisfeldt et. al.). … Continue reading The Argument for Better Access to AEDs

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. … Continue reading The Cost of Regulatory Opacity

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, … Continue reading The Canadian Mint Has Unveiled the Blueprint of a Bitcoin Successor

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 … Continue reading Canada Staved Off 4th Quarter Contraction

Full Recourse: The Key Difference Between the Canadian and U.S. Housing Markets

The largest difference between Canada's housing market and the U.S. is that Canadian mortgages are full recourse. In Canada, if you take out a mortgage and then default when it is 'underwater' - your home value is less than our mortgage - your other assets and future income are at risk. In the U.S., only … Continue reading Full Recourse: The Key Difference Between the Canadian and U.S. Housing Markets

Canadians Christmas Spending Defies Debt Levels

This Christmas was a good one for Canadian retailers. Moneris Solutions, a payment processor, reported 4.6 percent more spending. Early data from IBM shows that consumers were even spending on Boxing Day sales just after they opened their presents on Christmas morning (Link). Clearly, Canadian consumers are spending contrary to record consumer debt levels and … Continue reading Canadians Christmas Spending Defies Debt Levels

The Economic Impact of the Canada-U.S. Border

Make no mistake, lowering the barriers to trade between the Canadian and American borders could bring huge economic gains for Canada. As it stands, trade between Canada and the U.S. is far below its potential level. Although NAFTA eliminated a huge swath of tariffs and duties, other barriers to trade remain. The border between Canada … Continue reading The Economic Impact of the Canada-U.S. Border