Reading Time: 5 minutes Disponible en français. On 1 July 2022, the Canada–United States–Mexico Agreement (CUSMA) had been in force for two years. CUSMA superseded the North American Free Trade Agreement (NAFTA), in force since 1994. CUSMA contains three dispute-settlement mechanisms, which are contained… Read More ›
Economics and finance
Executive Summary – Road Transportation: Heavyweight of the Canadian Economy
Reading Time: < 1 minute Disponible en français. The trucking sector is one of the most important pillars of transportation in the supply chain. Thanks to Canada’s extensive road network, trucks are the primary mode of transport used to ship goods across the country. The trucking… Read More ›
A Supply-and-Demand Perspective on Housing Affordability
Reading Time: 5 minutes Disponible en français. If housing supply and housing demand could talk, they would tell us that proposals that increase supply have the effect of reducing the price of housing and increasing quantity. As for proposals that increase demand, they raise… Read More ›
Executive Summary – Canada’s Tourism Economy
Reading Time: 2 minutes Disponible en français. Canada’s multi-billion-dollar tourism sector employs hundreds of thousands of Canadians and is supported by all levels of government. In 2020, due to the COVID-19 pandemic, global tourism and travel sector revenue decreased by 49% from the previous year,… Read More ›
Biannual Update on the Canadian Economy: Third and Fourth Quarters of 2021
Reading Time: 5 minutes Disponible en français. This HillNote highlights key trends in the Canadian economy in the third and fourth quarters of 2021. Although the economy improved in the second half of 2021, the recovery remains uneven among certain sectors and population groups…. Read More ›
The 2022 Federal Budget at a Glance
Reading Time: 3 minutes Disponible en français. The federal budget outlines the government’s revenue estimates and expenditure priorities for the fiscal year. It is a key component of the financial cycle. The outlook for budgetary revenues and expenses can be found in the 2022… Read More ›
Executive Summary – Funding New Government Initiatives: From Announcement to Money Allocation
Reading Time: < 1 minute Disponible en français. New government initiatives are announced through different sources, including the Speech from the Throne, the federal budget, international agreements, federal–provincial-territorial agreements, ministerial mandate letters and ministerial proposals. However, before a new initiative receives funding, approvals from Cabinet, the Treasury Board and Parliament are needed. This paper describes these approvals along with the role… Read More ›
Update on Canada’s Long-Term Infrastructure Plan
Reading Time: 6 minutes Disponible en français. Launched in 2016, the Investing in Canada Plan is a long-term federal infrastructure plan involving the investment of $188 billion over 12 years. Of this total, $96 billion is new funding, and $92 billion is from existing infrastructure programs. Although the… Read More ›
Assessing the Impact of G7 COVID-19 Fiscal Responses
Reading Time: 5 minutes 10 December 2021, 8:15 a.m. Disponible en français. The COVID-19 pandemic compelled governments to implement extraordinary fiscal measures to support their economies. In Canada, as in other Group of Seven (G7) countries, these measures took the form of a mix… Read More ›
Federal Funding for Health Research in Canada
Reading Time: 6 minutes Disponible en français. Sources of Health Research Funding in Canada Health research refers broadly to all research related to health, health systems or health care delivery. Sources of funding for health research include the federal government, provincial/territorial governments, higher education… Read More ›