Tag Archives: recession

In March 2020, the Trudeau government launched a new version of the Insured Mortgage Purchase Program (IMPP). According to CMHC’s website: “Under this program, the government will purchase up to $50 billion of insured mortgage pools through CMHC.” Here are 10 things to know: 1. Canada Mortgage and Housing Corporation (CMHC) is a federally-owned crown corporation. Many of us know CMHC as the federal agency that works with provincial and territorial governments to assist some low and...

With the federal government is increasing its temporary wage subsidy to 75%, other reforms are needed to ensure the public funding goes to maintain workers, and not pad the profits of businesses.  In the face of the COVID19 crisis, the Canadian government has done a very good job of both limiting the spread of the virus and putting in place measures to prevent a health pandemic from also turning into an economic pandemic. On the economic side, Prime Minister Trudeau and Finance...

With the federal government is increasing its temporary wage subsidy to 75%, other reforms are needed to ensure the public funding goes to maintain workers, and not pad the profits of businesses.  In the face of the COVID19 crisis, the Canadian government has done a very good job of both limiting the spread of the virus and putting in place measures to prevent a health pandemic from also turning into an economic pandemic. On the economic side, Prime Minister Trudeau and Finance...

I’ve written a ‘top 10’ overview of things to know about affordable housing and homelessness, as they relate to Canada’s upcoming federal budget. The overview is based on the affordable housing and homelessness chapter in the just-released Alternative Federal Budget. A link to the ‘top 10’ overview is here. Nick Falvo is a Calgary-based research consultant. He has a PhD in public policy.

I’ve written a ‘top 10’ overview of things to know about affordable housing and homelessness, as they relate to Canada’s upcoming federal budget. The overview is based on the affordable housing and homelessness chapter in the just-released Alternative Federal Budget. A link to the ‘top 10’ overview is here. Nick Falvo is a Calgary-based research consultant with a PhD in Public Policy. He has academic affiliation at both Carleton University and Case Western Reserve...

Here are some quick thoughts on the extensive package of emergency measures announced today by Prime Minister Trudeau, Finance Minister Morneau, and Bank of Canada Governor Poloz: The Pros: The government has worked quickly and creatively to find ways to deliver support to Canadians, and fast – using the infrastructure of existing benefits, and developing new channels where needed. The government has recognized the gaping holes in the existing social safety net: in particular,...

Here are some quick thoughts on the extensive package of emergency measures announced today by Prime Minister Trudeau, Finance Minister Morneau, and Bank of Canada Governor Poloz: The Pros: The government has worked quickly and creatively to find ways to deliver support to Canadians, and fast – using the infrastructure of existing benefits, and developing new channels where needed. The government has recognized the gaping holes in the existing social safety net: in particular,...

I saw a high profile comment to the effect that the business cycle was abolished recently. Since I will be plugging a book on recessions shortly, that represents a risk to my business plans. I do not wish to go through what exactly was said elsewhere (mainly because I did not go through the details of the argument), but just give my spin on the idea. If we stick enough qualifications into how we express ourselves, it is not that controversial an opinion.... Bond Economics End Of...

Mnuchin says the U.S. government must cut spending and reduce the deficit. This will absolutely guarantee a recession.It's amazing that these views still prevail. Complete and total ignorance.

I’ve written a blog post providing an overview of poverty measurement in Canada. Points raised in the post include the following: -One’s choice of poverty measure has a major impact on whether poverty is seen to be increasing or decreasing over time. -Canada’s federal government recently chose the make the Market Basket Measure (MBM) its official poverty measure. -According to the MBM, Canada has seen a major decrease in poverty over the past decade. -Also...