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Bank of Canada Drives Rates Higher, When Canada Needs Lower
On October 28, the Bank of Canada increased its policy interest rate by one-quarter percentage point, to 2.5%. Commercial banks increased their lending rates in tandem, with their prime mortgage rates rising to 4.7% (and higher than that for credit cards and most other loans). Higher rates will slow down a national economy already staggering from the effects of the Canada-U.S. trade war and other shocks.
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New Research Documents Vital Skills of Harm Reduction Workers
Harm reduction services and nonprofit supportive housing play a vital role in addressing the overlapping crises of opioid overdose, mental health, and homelessness that are causing so much hardship in many parts of Canada. These services have been widely debated and researched, but this discourse often overlooks the workforce that provides these services, whose skills and knowledge are often taken for granted.
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A Tri-National Vision for a North American Economy that Works for Workers
U.S. President Donald Trump’s abrupt and erratic trade policies have caused substantial disruptions around the world. But no countries have been more exposed to the twists and turns of his policies than Canada and Mexico: America’s neighbours and largest trading partners.
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Debunking Five of Donald Trump’s Big Lies About Canada
Ever since Canada’s negotiators ended talks for a new trade agreement with the U.S., President Donald Trump’s insults and threats to America’s northern neighbour have become more aggressive, and bizarre, than ever. He has renamed a Great Lake, imposed new 50% tariffs on further Canadian-made products, compared us unfavourably to North Korea, threatened still more tariffs because we use a different dollar, and posted AI images insulting our Prime Minister.