Green transition cannot be left to provinces alone
Last week, Liberal leader Justin Trudeau appeared to back away from a national carbon price. He said some of the provinces have already implemented carbon pricing, so the federal government will be left to "oversee."
What Trudeau is actually saying isn’t quite clear, but it certainly seems like he is giving up on creating a national carbon price and leaving it to the provinces.
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It is time to confront Canada's staple trap
Forbidden to text while driving, you can waste your time checking the fluctuating price of gas at every gas station you see and how at each station it differs from yesterday. All you will learn is that the price shifts up and down over space and time – the operation of that seductive beast called the market – with corresponding effects on your pocketbook or credit card balance.
Read moreDemonized industrial policy puts corporate tax cuts to shame
The words “industrial policy” have been virtually banned from polite company, and should certainly never be uttered in the presence of small and impressionable children.
Many mainstream economists and conservative think-tanks believe that governments should seek only to create a favourable business climate through low taxes and light regulation, and should not intervene in the investment decisions of private corporations.
And yet, industrial policy (which should be called strategic economic policy) persists, and arguably has a greater impact on investment and jobs than broad framework policies like deep corporate tax cuts.
Read moreB.C. income growth worst in Canada: analysis
Peter O'Neil / Vancouver Sun
OTTAWA — B.C. experienced the worst income growth — in fact, incomes declined — of any province in Canada during the 2006-12 period, according to an analysis of Statistics Canada data by an Ottawa think-tank.
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