About those “unfunded liabilities”
When it comes to the Canada Pension Plan, a major talking point from the right is that the CPP has “unfunded liabilities”, with the implication that is not affordable and financially unsustainable....
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The Financial Wealth of Canada’s Top 1%
Following up on my post on wealth and income of the top 1%, Eric Pineault wrote to add some data on financial wealth distribution for Canada. He had a research assistant comb through microdata from...
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When Will the Baby Boomers Retire?
Canada’s population, we are frequently told, is rapidly aging. The big baby boomer cohort is headed out of the workforce, meaning that we face a future of very slow labour force growth and even...
View ArticleDelaying Retirement: What does it mean for younger workers?
Since the announcement that his government was considering raising the eligibility age for Old Age Security (OAS), Stephen Harper has backed off slightly, assuring the public that such reforms are...
View ArticleCanada’s Incredible Shrinking Population?
On CTV yesterday, human resources minister Diane Finley said (45 seconds into this interview): “As we go forward, we’re going to have three times the expense in Old Age Security as we do now, but we’re...
View Article2012 Québec Budget: timidity and omissions
On March 20th, Québec’s Finance Minister, Raymond Bachand, tabled his third budget. This budget year follows in the wake of those of the last few years. The government is still insisting on...
View ArticleOAS, the Budget, and the Baby Boomers
The Budget justifies raising the age of eligibility for OAS and GIS on the grounds that the long-term fiscal sustainability of the program is being undermined by rising life expectancy. No estimates...
View ArticleBudget 2012: Pennywise But Pound Foolish
Marc, Andrew and Toby have posted substantial analyses of yesterday’s federal budget and I have some comments in today’s Hamilton Spectator. My two cents about the budget’s economic forecasts follow....
View ArticleLater Retirement: A Win-Win Solution?
The C. D. Howe Institute have put out a study on later retirement by Peter Hicks, a former senior official with HRSDC and the OECD who has written a lot on the policy implications of ageing societies....
View ArticleAre Canadian investors headed for a carbon cliff?
An oped based on my and Brock Ellis’ recent report, Canada’s Carbon Liabilities, was published in iPolitics (alas, behind a pay wall): Canada’s economic development model is on a collision course with...
View ArticleGlobal carbon budget is a harsh reality check for Canadian investors
The recent report of the Intergovernmental Panel on Climate Change (IPCC) should be a wake-up call for Canada. With a development model based on ever more fossil fuel extraction, Canada’s economy and...
View ArticleWhat’s a province to do on CPP expansion?
It appears that a Canada-wide deal on CPP expansion is a bust, as Ottawa was the only objector and Ontario is now vowing to go it alone. It doesn’t appear that the Ontario government has a concrete...
View ArticleDelaying Retirement: What does it mean for younger workers?
Since the announcement that his government was considering raising the eligibility age for Old Age Security (OAS), Stephen Harper has backed off slightly, assuring the public that such reforms are...
View ArticleCanada’s Incredible Shrinking Population?
On CTV yesterday, human resources minister Diane Finley said (45 seconds into this interview): “As we go forward, we’re going to have three times the expense in Old Age Security as we do now, but we’re...
View Article2012 Québec Budget: timidity and omissions
On March 20th, Québec’s Finance Minister, Raymond Bachand, tabled his third budget. This budget year follows in the wake of those of the last few years. The government is still insisting on...
View ArticleOAS, the Budget, and the Baby Boomers
The Budget justifies raising the age of eligibility for OAS and GIS on the grounds that the long-term fiscal sustainability of the program is being undermined by rising life expectancy. No estimates...
View ArticleBudget 2012: Pennywise But Pound Foolish
Marc, Andrew and Toby have posted substantial analyses of yesterday’s federal budget and I have some comments in today’s Hamilton Spectator. My two cents about the budget’s economic forecasts follow....
View ArticleLater Retirement: A Win-Win Solution?
The C. D. Howe Institute have put out a study on later retirement by Peter Hicks, a former senior official with HRSDC and the OECD who has written a lot on the policy implications of ageing societies....
View ArticleBest CCPA-Ontario reads of 2015
Maybe you take the quietude of the holiday season as a time to unplug and reflect. Maybe, like me, you curl up with a pile of progressive reading that you’ve been meaning to catch up on. If so, the...
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