Shopify shares drop as CEO addresses short-seller’s allegations

Shopify shares drop as CEO addresses short-seller’s allegations
OTTAWA — Shopify Inc.’s strong third-quarter earnings report and the CEO’s defence against “preposterous claims” by a “short-selling troll” did little to ease investor concerns as shares tumbled more than eight per cent. The company posted its first adjusted operating profit as a public company in the quarter ended Sept. 30 — a quarter earlier than anticipated — and CEO Tobias Lutke publicly addressed... Read More

Killing the goose that laid the golden egg

Killing the goose that laid the golden egg
Increasingly harsh and ever-shifting resource-related government policies are killing jobs and making Canadians poorer By Mark Milke Contributor Canadians for Affordable Energy With the cancellation of TransCanada’s proposed Energy East pipeline – after the company spent $1 billion trying to jump through ever-changing regulatory and political hoops – Canadians should remind themselves where much of our country’s recent economic uptick... Read More

Ontarian’s in the dark about long-term costs of Fair Hydro Plan

Ontarian’s in the dark about long-term costs of Fair Hydro Plan
The government is concealing the real financial impact of the rate reduction by understating future deficits and net debt By Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute A recent report from Ontario’s auditor general slammed the provincial government’s “needlessly complex” plan to reduce electricity bills for Ontarians. According to the report, the government is keeping the... Read More

Canadian business growth stymied by governments

Canadian business growth stymied by governments
Red tape, rising taxes, tax reform, increasing minimum wages and other policy initiatives all smother business investment By Philip Cross The Fraser Institute Persistently weak investment is a major reason why Canada’s growth has lagged in recent years. And governments carry some of the blame, having increasingly failed to encourage a positive business climate. The importance of business investment to... Read More

Fed’s small business tax tweaks won’t help the middle class

Fed’s small business tax tweaks won’t help the middle class
The uproar across the country to Ottawa’s small business tax reforms has triggered more back-pedalling, but no good solutions By Charles Lammam and Jason Clemens The Fraser Institute Prime Minister Justin Trudeau and the Liberal Party were elected for, among other reasons, their commitment to a more prosperous economy, particularly one where the benefits flowed to the middle class. Since... Read More

Baloney Meter: Does the United States protect its dairy producers too?

Baloney Meter: Does the United States protect its dairy producers too?
OTTAWA — “We believe it’s important to point out to our U.S. friends that dairy producers in the U.S. also receive subsidies from the government, very significant subsidies.” — Foreign Affairs Minister Chrystia Freeland in Washington on Tuesday. ——— The United States took aim at one of Canada’s sacred economic cows during the just completed fourth round of the renegotiation... Read More

More mortgage red tape could hurt homebuyers

More mortgage red tape could hurt homebuyers
Office of the Superintendent of Financial Institutions wants to further stiffen the guidelines for those who put 20 per cent or more down when  purchasing a home By Neil Mohindra Public policy consultant The Fraser Institute Amid widespread concern about housing affordability across Canada, the Office of the Superintendent of Financial Institutions (OSFI), the country’s safety and soundness financial regulator,... Read More

Canada’s supply management a flashpoint in NAFTA talks: Here’s why

Canada’s supply management a flashpoint in NAFTA talks: Here’s why
Supply management: economists love to hate it, and Canadian farmers are loathe to give it up. The politically explosive issue emerged yet again Monday as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade. So what, exactly is supply management, and why does it stir up... Read More