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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
Reading Time: 5 minutes Disponible en français. This HillNote highlights key trends of the Canadian economy in the first and second quarters of 2021. Canadian real gross domestic product (GDP) increased in the first quarter of 2021 and then retreated slightly in the second… Read More ›
Reading Time: < 1 minute Disponible en français. Understanding economic statistics and federal government finances can be complex. Through 23 questions and answers, this HillStudy explores key economic and financial concepts, including production: gross domestic product (GDP); inflation: consumer price index; nominal and real GDP; raw… Read More ›
Reading Time: 3 minutes Disponible en français. One of Parliament’s fundamental roles is to review and approve the government’s taxation and spending plans. To fulfill this role, parliamentarians follow the parliamentary financial cycle, which consists of a continuous loop of activities that take place… Read More ›