Trevor Tombe<p>The proposed changes in personal income tax cuts by the LPC and CPC affect different individuals/families differently. Depends on what credits you claim, your income, number of earners in the family, etc. Here's my estimate of the full distribution of changes. <a href="https://mastodon.social/tags/cdnecon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cdnecon</span></a></p>
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3 posts2 participants0 posts today
"The next federal government has an opportunity to take a Canada-first approach by eliminating unnecessary regulations, restoring investor confidence, and reducing costs for Canadians."
Good read by Adam Legge today in @TheHubCanada: https://thehub.ca/2025/03/17/adam-legge-putting-canada-first-a-plan-to-restore-prosperity/ #cdnecon
The Hub · Adam Legge: Putting Canada first: A plan to restore prosperity
"Forty years later, we’re due for another big rethink about Canada’s future."
Interesting new piece from Charles Breton (@charlesbreton) on the potential value of a new Royal Commission on the future of Canada's economy. https://policyoptions.irpp.org/magazines/march-2025/macdonald-commission/ #cdnecon #cdnpoli
Policy OptionsForty years later, we're due for another big rethink about Canada’s futureIt might be time for the next federal government to bring back one of Canada’s most effective policy instruments: The royal commission, adapted for the 21st century.
With hundreds of thousands of jobs at risk due to U.S. tariffs, the electoral risks associated with liberalizing internal trade now seem much less daunting.
New piece with @danielbeland, @diyajiangg, and me in today's @globeandmail: https://www.theglobeandmail.com/opinion/article-trumps-tariffs-have-changed-canadas-political-calculus-about-internal/ #cdnecon #cdnpoli
The Globe and Mail · Trump’s tariffs have changed Canada’s political calculus about internal trade barriers
From StatCan this morning, the latest financial data for households in Q4 2024 shows a further decline in debt service costs. 14.4% of disposable income went to debt payments, down from 15.1% at peak and back to late 2017 levels. https://www150.statcan.gc.ca/n1/daily-quotidien/250313/dq250313a-eng.htm?HPA=1 #cdnecon
It was great to present to the Alberta Chambers of Commerce meeting today! A lot of economic developments going on, and they've done great work advocating for better policy to improve growth in #cdnecon.
I really enjoyed this @FrontBurnerCBC podcast on the Canada-U.S. trade war with @ArmineYalnizyan and @andrew_leach! They both gives excellent insight into how this might affect Canadians and some of the policy ideas out there. Give it a listen:
https://podcasts.apple.com/us/podcast/burner-phone-a-trade-war-call-in-special/id1439621628?i=1000699002813 #cdnecon
Apple PodcastsBurner phone! A trade war call-in specialPodcast Episode · Front Burner · 03/13/2025 · 39m
A really thoughtful piece by @ChadBown and @D_A_Irwin exploring point-by-point the case made for tariffs by the U.S. Administration.
Give it a read! https://www.foreignaffairs.com/united-states/incoherent-case-tariffs #cdnecon #cdnpoli
Foreign Affairs · The Incoherent Case for TariffsTrump’s fixation on economic coercion will subvert his economic goals.
Bank of Canada lowers its main policy rate to 2.75% this morning.
Details: https://www.bankofcanada.ca/2025/03/fad-press-release-2025-03-12/ #cdnecon #cdnpoli
How much could consumer prices in Canada rise due to the phase-one retaliatory tariffs vs the U.S.?
I take a stab at answering that in my latest for @TheHubCanada here: https://thehub.ca/2025/03/11/need-to-know-expecting-a-balanced-budget-dont-carneys-deficit-could-be-even-higher-than-trudeaus/ #cdnecon #cdnpoli
U.S. debt completely unsustainable. The result: higher borrowing costs. Never before (at least since 1870) has their govt borrowing rate exceeded Canada’s by as much as it does now.
My latest for @TheHubCanada: https://thehub.ca/2025/03/06/trevor-tombe-canadas-federal-deficit-is-worrying-but-its-nowhere-near-the-fiscal-crisis-the-u-s-is-facing/ #cdnecon #cdnpoli
The Hub · Trevor Tombe: Canada’s federal deficit is worrying—but it’s nowhere near the fiscal crisis the U.S. is facing
In this unwanted trade war with the United States, most of Canada's politicians have already gotten their elbows up and begun to fight hard. You can probably guess which ones haven't — and why.
— @maxfawcett.bsky.social
https://www.nationalobserver.com/2025/03/04/opinion/conservative-leaders-trump-tariff-test
Canada's National Observer · Conservative leaders are failing Trump's tariff testAttempts to appease Donald Trump have clearly failed. When will the remaining holdouts finally realize it?
Not since the Great Depression have Canada-US tariffs risen as broadly or as sharply. Uncertainty is now double the COVID peak.
My latest for @TheHubCanada roughly quantifies the effect on investment and employment. It’s not pretty: https://thehub.ca/2025/03/04/need-to-know-trumps-tariffs-are-finally-here/ #cdnecon #cdnpoli
At the Better Butchers we are crafting the next generation of plant-based products.
Clean, delicious, and healthy we use mushroom protein to craft the highest quality products. We are also researching cultivated meat technologies for future products.
We are a proudly Canadian company based out of British Columbia with team members in Victoria, Vancouver, and Denman Island.
The Better ButchersThe Better Butchers Plant-Based MeatButcher shop quality plant-based meat. Meat Made Better!
With tariffs coming tomorrow, improving Canada's economic union is more important than ever. My latest for @MLInstitute argues that instead of waiting for a national solution, provinces can take unilateral action to do just that: https://macdonaldlaurier.ca/breaking-barriers-how-provinces-can-drive-canadas-prosperity-by-unlocking-trade-and-labour-mobility/ #cdnecon #cdnpoli
Macdonald-Laurier Institute · Breaking barriers: How provinces can drive Canada's prosperity by unlocking trade and labour mobility | Macdonald-Laurier InstituteTrevor Tombe calls on provinces to strengthen internal trade in Canada to reduce vulnerability to volatile international trade relationships and enhance resilience against external shocks like tariffs
## Small businesses reveling in buy Canadian even as tariff threat stokes anxiety
Via Ground.News:
https://ground.news/article/small-businesses-reveling-in-buy-canadian-even-as-tariff-threat-stokes-anxiety
Right:
Blindspot - 0% coverage.
Ground NewsSmall businesses reveling in buy Canadian even as tariff threat stokes anxietyU.S. threats to impose tariffs on Canadian goods have been a blessing and a curse for Julie Brown. The co-founder of Toronto-based apparel brand Province of Canada saw sales in the typically sluggish month of February double so quickly that she’s now considering hiring more staff and ramping up product development to meet demand from customers increasingly shopping local. At the same time, the company is bracing for challenges south of the border, where it gets some of the cotton it uses to knit, dye and transform into T-shirts, sweats and other garments sold to local customers and ex-pats abroad.
Fascinating conversation on competition policy at the School of Public Policy's Productivity Initiative in Ottawa today! Great to have Robin Shaban, Matthew Chiasson, and Jennifer Quaid sharing their insights! #cdnecon
