The Shape of Things to Come

2 July 2020, 8:30 a.m. (Disponible en français : La forme que prendront les choses à l’avenir) The COVID-19 pandemic has caused a rapid global economic contraction. Many forecasters are predicting an economic downturn not seen since the Great Depression. In Canada, as in other countries, protective measures such as lockdowns to contain the spread…

The Canadian Economy in Turbulent Times

Revised on 28 July 2020, 8:35 a.m. (Disponible en français : L’économie canadienne dans la tourmente) Over its history, Canada’s economy has been affected by major international and domestic events such as financial crises, pandemics, international conflicts and environmental incidents. For example, in 1907 a credit crisis began in the United States, spread to Canada…

Some Federal and Provincial/Territorial Financial Relief Measures Relating to COVID-19

Revised on 3 June 2020, 8:10 a.m. (Disponible en français : Quelques mesures de soutien financier des gouvernements fédéral, provinciaux et territoriaux concernant la COVID-19) The outbreak of the novel coronavirus (COVID-19) is causing financial strain across Canada. This HillNote provides an overview of some measures by federal, provincial and territorial governments to address the…

Biannual Update on The Canadian Economy: Third and Fourth Quarters of 2019

(Disponible en français : Bilan semestriel de l’économie canadienne : les troisième et quatrième trimestres de 2019) This HillNote presents selected indicators in relation to the Canadian economy, and highlights key trends covering the third and fourth quarters of 2019. Over that period, Canadian real gross domestic product (GDP) continued to grow, but at a lower rate…

Executive Summary – How Do Digital Multinationals Legally Avoid Tax in Canada?

(Disponible en français : Résumé – Comment les multinationales du numérique échappent-elles légalement à l’impôt au Canada?) According to the Organisation for Economic Co-operation and Development (OECD), multinational enterprises are using increasingly aggressive practices to reduce the amount of tax they have to pay, and some of them are creating off-shore subsidiaries or shell companies.…

Executive Summary – Overview of Canada’s Long-term Infrastructure Plan

(Disponible en français : Résumé – Aperçu du plan d’infrastructure à long terme du Canada) Through the Investing in Canada plan, the Government of Canada has committed to providing more than $187 billion in infrastructure funding over 12 years, including through bilateral agreements with the provinces and territories. Infrastructure Canada is the government agency responsible for coordinating…

The State of Financial Literacy in Canada: How Much Do We Know?

(Disponible en français : État de la littératie financière au Canada : que savons-nous exactement?) Financial literacy includes the knowledge, skills and confidence people need to make informed choices about money. It enables Canadians to monitor and improve their personal finances. By exercising good financial practices, such as setting aside money for retirement, Canadians also…