Fraser Institute

Fraser Institute News Release: GDP growth rates—when not adjusted for population—provide misleading picture of Canadian economy

Retrieved on: 
Thursday, April 11, 2024

“Canadian governments of all stripes have for many years touted Canada’s economic growth using the overall GDP growth rate.

Key Points: 
  • “Canadian governments of all stripes have for many years touted Canada’s economic growth using the overall GDP growth rate.
  • But because of Canada’s massive spike in population in recent years, not adjusting GDP growth for population changes provides a misleading picture of the country’s economic performance,” said Ben Eisen, senior fellow at the Fraser Institute and co-author of GDP Growth Unadjusted for Population Change—a Misleading Measure of Canada’s Economic Progress.
  • For example, between 2020 and 2023, Canada had the second-highest rate of overall GDP growth in the G7.
  • However, after adjusting for population growth, Canada’s per-person GDP growth rate over the same period is near the bottom of the group and well below the G7 average.

Fraser Institute News Release: Flat 8 per cent personal income tax would save Albertans $1,573 a year, on average

Retrieved on: 
Wednesday, April 3, 2024

As recently as 2014, Alberta had a single 10 per cent personal and corporate income tax rate.

Key Points: 
  • As recently as 2014, Alberta had a single 10 per cent personal and corporate income tax rate.
  • As a result, it had the lowest top statutory combined federal and provincial/state personal income tax rate and business income tax rate in North America.
  • While the business tax rate has since been reduced to eight per cent, the personal income tax rate increases remain.
  • “Rolling back the 2015 personal income tax increases and implementing an eight per cent flat personal income tax rate would help restore Alberta’s tax competitiveness and keep more money in the pockets of Albertans,” Hill said.

Fraser Institute News Release: Ottawa’s carbon tax—fix it or scrap it: duelling essays make the case for and against

Retrieved on: 
Thursday, March 28, 2024

Also, the carbon tax should be “revenue neutral”—that is, the tax should generate no new net revenue for the government.

Key Points: 
  • Also, the carbon tax should be “revenue neutral”—that is, the tax should generate no new net revenue for the government.
  • Currently, only 90 per cent of carbon tax revenue is rebated to taxpayers.
  • According to the second essay, Carbon Tax Is Beyond Redemption , the federal government should eliminate the carbon tax because real-world examples show that governments both in Canada and Europe have failed to implement sound, well-designed carbon taxes.
  • “The lessons from Canada and beyond are clear—carbon taxes may work in theory, but no government has successfully implemented a properly designed carbon tax,” said Kenneth Green, essay author and senior fellow at the Fraser Institute.

Fraser Institute News Release: Size of government on the rise across Canada

Retrieved on: 
Tuesday, March 26, 2024

“The size of government increased in eight of ten provinces and the country as a whole over the last decade-and-a-half,” said Alex Whalen, associate director at the Fraser Institute and co-author of The Size of Government in Canada in 2022 .

Key Points: 
  • “The size of government increased in eight of ten provinces and the country as a whole over the last decade-and-a-half,” said Alex Whalen, associate director at the Fraser Institute and co-author of The Size of Government in Canada in 2022 .
  • The study measures federal, provincial, and local government spending in each province as a share of the economy (GDP) from 2007 to 2022, the most recent year of comparable data.
  • It finds that government size grew in every province except Prince Edward Island and Saskatchewan during that period.
  • Previous research has shown that the size of government (as a share of the economy) to maximize economic growth and social progress is between 26 and 30 per cent of the economy (GDP).

Fraser Institute News Release: Higher spending on K-12 education does not result in better student outcomes

Retrieved on: 
Thursday, March 21, 2024

“Just spending more on K-12 education does not lead to better student outcomes,” said Derek J. Allison, Fraser Institute senior fellow and author of School Spending and Performance in Canada and Other High-Income Countries.

Key Points: 
  • “Just spending more on K-12 education does not lead to better student outcomes,” said Derek J. Allison, Fraser Institute senior fellow and author of School Spending and Performance in Canada and Other High-Income Countries.
  • It finds that higher per-student spending levels are not associated with stronger academic achievement.
  • Conversely, British Columbia was the lowest spender per student in Canada and achieved the fourth-highest PISA scores.
  • “The evidence is clear—simply spending more on established K-12 schools without finding new and better ways to help kids learn will not improve student outcomes,” Allison said.

Fraser Institute News Release: Ottawa’s EV mandate—and the increased demand for electricity—unrealistically requires the equivalent of 10 new mega hydro dams or 13 large natural gas plants nationwide within 11 years

Retrieved on: 
Thursday, March 14, 2024

The study measures how much additional electricity will be required in Canada and in three major provinces—Ontario, B.C.

Key Points: 
  • The study measures how much additional electricity will be required in Canada and in three major provinces—Ontario, B.C.
  • and Quebec—to charge electric vehicles once the federal government’s electric vehicle sales mandate comes into force.
  • It took approximately 10 years to plan and pass environmental regulations, and an additional decade to build.
  • Alternatively, the provinces could meet the increased electricity demand by building 13 large-scale natural gas plants nationwide capable of generating 500 megawatts of electricity each.

Fraser Institute News Release: Canada spent more than $50 billion on corporate welfare across provinces in 2022

Retrieved on: 
Tuesday, March 12, 2024

VANCOUVER, British Columbia, March 12, 2024 (GLOBE NEWSWIRE) -- Canadian governments spent $52 billion in 2022 subsidizing businesses across all provinces—including federal, provincial, and local spending—finds a new report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Key Points: 
  • VANCOUVER, British Columbia, March 12, 2024 (GLOBE NEWSWIRE) -- Canadian governments spent $52 billion in 2022 subsidizing businesses across all provinces—including federal, provincial, and local spending—finds a new report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
  • In the study, business subsides include unrequited government transfers to businesses but exclude other forms of government support such as loan guarantees and direct investment.
  • Total provincial subsidies experienced the highest increase over the period growing from $13.2 billion in 2007 to $35.4 billion in 2022.
  • Federal subsidies increased from $7.4 billion to $11.2 billion over the period.

Searchlight Resources Inc. Invites Shareholders and Investment Community to visit them at Booth 2338 at PDAC 2024 in Toronto, March 3-6

Retrieved on: 
Monday, February 26, 2024

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2024) - Visit Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) at Booth #2338 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - February 26, 2024) - Visit Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) at Booth #2338 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.
  • Visit Booth 2338 and meet the Searchlight Resources team and learn the details of the Duddridge Uranium deposit, and the Kulyk Lake high-grade rare earths prospect in Saskatchewan.
  • Searchlight Resources Inc. is a Canadian mineral exploration and development company focused in Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute.
  • Exploration focus is on uranium, rare earths, battery minerals and gold throughout the province of Saskatchewan.

Fraser Institute News Release: Women face less sexism in countries with greater economic freedom

Retrieved on: 
Thursday, March 7, 2024

“International Women’s Day is an opportune time to consider the relationship between economic freedom and those social norms that prioritize men over women in schools, the workforce and politics,” said Rosemarie Fike, senior fellow at the Fraser Institute, economics instructor at Texas Christian University, and author of Economic Freedom and Gender Norms.

Key Points: 
  • “International Women’s Day is an opportune time to consider the relationship between economic freedom and those social norms that prioritize men over women in schools, the workforce and politics,” said Rosemarie Fike, senior fellow at the Fraser Institute, economics instructor at Texas Christian University, and author of Economic Freedom and Gender Norms.
  • The study uses data from the Fraser Institute’s annual Economic Freedom of the World Index.
  • Specifically, in countries with greater levels of economic freedom, people are less likely to agree with the following three statements:
    1) "When jobs are scarce, men have more right to a job than women."
  • “The evidence is clear—countries that embrace economic freedom are more likely to have gender norms that treat men and women more equally,” Fike said.

Fraser Institute News Release: New Fraser Institute rankings of Ontario elementary schools out today

Retrieved on: 
Tuesday, March 5, 2024

TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- The Fraser Institute today released its annual rankings of Ontario elementary schools, allowing parents to compare the academic performance of schools across the province.

Key Points: 
  • TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- The Fraser Institute today released its annual rankings of Ontario elementary schools, allowing parents to compare the academic performance of schools across the province.
  • “Our Report Cards offer parents information they can’t easily get anywhere else, about how their child’s school performs and how it compares to other schools in Ontario,” said Peter Cowley, a Fraser Institute senior fellow.
  • This year, the Report Card on Ontario’s Elementary Schools ranks 2975 public, Catholic, and independent schools based on nine academic indicators derived from provincewide test results.
  • For the complete results on all ranked schools and to compare the performance of different schools, visit www.compareschoolrankings.org .