Budget 2024: Our Policy Reaction Package
Policy Magazine
by Policy Magazine
1d ago
Adam Scotti First of all, federal budgets are, like so many things, more complicated than they used to be. The 2024 model by Deputy Prime Minister and Finance Minister Chrystia Freeland landed in: a post-pandemic, polycrisis-besieged, propaganda-addled geopolitical context; a poll-dominated, tactically polarized, propaganda-addled political context; and a post-pandemic, monetary policy-dominated economic context which, as Policy contributors former Privy Council Clerk Kevin Lynch and former White House economic aide Paul Deegan remind us, was labelled the “Tepid Twenties” last week by the Int ..read more
Visit website
Budget 2024: The Competitive Advantage of Indigenous Ownership
Policy Magazine
by Mark Podlasly, Shaun Fantauzzo and Michael Gullo
2d ago
Chief Greg Desjarlais of Frog Lake First Nation signs historic equity partnership agreement with Enbridge on September 28, 2022 By Mark Podlasly, Shaun Fantauzzo and Michael Gullo April 19, 2024 Many different perspectives have emerged about the federal budget tabled earlier this week, but everyone should agree that launching a national Indigenous Loan Guarantee Program is good news for the country. The untapped value of economic reconciliation is enormous. Canada must attract and incentivize more capital investment to meet the economic and energy challenges ahead. Leveraging Indigenous partne ..read more
Visit website
A Budget for a Disenchanted Base
Policy Magazine
by Don Newman
2d ago
  By Don Newman April 18th, 2024 One day fourteen years ago, after speaking to what was then called Ryerson University in Toronto, I was walking down a hall packed with students going to their next assignment as classes changed. Everyone, it seemed, was twenty years old except me. Suddenly, a middle-aged woman smiled and waved at me from a classroom doorway. She was a professor, and she had a question for me: What did I think of Justin Trudeau, who was then contemplating a run for the leadership of the Liberal Party of Canada? I replied rather flippantly that I had trouble taking serious ..read more
Visit website
Budget 2024: Housing Remedy or House of Cards?
Policy Magazine
by Lori Turnbull
2d ago
WP By Lori Turnbull April 18, 2024 At a press conference in Hamilton in August of 2023, Prime Minister Justin Trudeau said that “housing isn’t a primary federal responsibility.” He went on to concede that the issue is something that the federal government “can and must help with” but resisted embracing a leadership role. Clearly, his thinking on this has evolved. The 2024 budget proposes $52.9 billion in new spending over the next five years on a range of measures including rental construction and housing infrastructure like sewer and water systems. However, there is only so much the federal g ..read more
Visit website
Will the Budget Move the Liberal Re-Election Needle? Likely Not.
Policy Magazine
by Yaroslav Baran
2d ago
By Yaroslav Baran April 18, 2024 This year’s federal budget was presented against a challenging background. The Liberals face a public opinion crisis, consistently lagging their Conservative challengers by 12-20 percent in opinion polls – a “new normal” for almost a year. The economy is just marginally in positive growth. Higher interest rates have plateaued. Inflation is coming down, but not sufficiently to rewind the cost-of-living crisis that has plagued households since the pandemic. Debt is at an all-time high, creating pressure for lower spending, all while NATO allies rightly demand we ..read more
Visit website
The Third-Act Budget
Policy Magazine
by John Delacourt
2d ago
Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau on budget day/Adam Scotti By John Delacourt April 17, 2024 The parliamentary convention – notably, not the obligation in Canada – of governments to table an annual budget is a ritual that is never solely about defining an economic narrative for a fiscal year. The primary objective for doing so, however, is straightforward enough: the government is outlining policy priorities and commitments that will extract more growth and productivity from the economy, and fuel more of the electoral oxygen of hope and optimism for an electo ..read more
Visit website
A Global Context for Canada’s Budget: The IMF’s ‘Policy Tests’
Policy Magazine
by Kevin Lynch and Paul Deegan
2d ago
IMF Managing Director Kristalina Georgieva/Atlantic Council By Kevin Lynch and Paul Deegan April 16, 2024 “Without a course correction, we are indeed heading for ‘Tepid Twenties’ – a sluggish and disappointing decade.” While International Monetary Fund Managing Director Kristalina Georgieva was speaking to the global community in her “curtain raiser” remarks in advance of the IMF/World Bank Spring 2024 meetings, her comments certainly apply to Canada’s diminished prospects, particularly for growth in real GDP per capita and in living standards. With the Canadian budget released during the 2024 ..read more
Visit website
The Canadian Echoes in Today’s UK Politics
Policy Magazine
by Ben Collins
2d ago
UK Prime Minister Rishi Sunak and Labour Leader Keir Starmer/PA By Ben Collins April 17, 2024 The scenario of a Conservative majority government heading to an historic defeat in a federal election will seem familiar to everyone who knows about the Canadian election of 1993. A similar story looks likely to play out in the UK in 2024. The UK Tories have been in government since 2010, and been in a constant state of flux since the surprise vote to leave the European Union in the 2016 referendum. Brexit has been a destabilizing factor in UK politics since then, with the governing party now on thei ..read more
Visit website
Budget 2024: The Cost of Fairness
Policy Magazine
by Kevin Page with Yasmine Hadid and Hunter Vanderlaan
2d ago
Finance Minister Chrystia Freeland tables the 2024 budget on April 16/Adam Scotti By Kevin Page with Yasmine Hadid and Hunter Vanderlaan April 17, 2024 Deputy Prime Minister and Finance Minister Chrystia Freeland tabled Budget 2024 on April 16. Faced with a weak economy, many difficult policy changes, and limited fiscal room, Freeland chose action. This year’s budget theme has shifted from “Growing the Middle Class” to “Fairness for Every Generation”. Fairness implies bigger government. The budget is big. There are multiple priorities and more than 200 (line item) measures. It is a tax-and-spe ..read more
Visit website
BMO Analysis: Budget 2024 Overview
Policy Magazine
by Robert Kavcic
4d ago
  By Robert Kavcic April 16, 2024 The 2024 federal budget lands at a time when the economy is struggling to grow, the Bank of Canada is still leaning on inflation pressures, the loonie is under stress, and the impact of torrid population growth pervades across much of the country. Against that backdrop, the fiscal path is little changed from that laid out in the 2023 Fall Economic Statement, but only after another significant increase in spending fully offsets revenue gains from a resilient economy and further tax increases. The FY24/25 budget deficit is estimated at $39.8 billion (1.3% o ..read more
Visit website

Follow Policy Magazine on FeedSpot

Continue with Google
Continue with Apple
OR