Ignoring its potential would be a missed opportunity
In 1950, Canada faced a difficult choice between the desire to be a leader in the development of nuclear energy technology and the fear that such technology would bring the end of the world a little closer. Despite concerns related to the bombing of Hiroshima and Nagasaki, Canada elected to be in the vanguard. As…
On average, drug approvals take three months longer in Canada than in the U.S. and one month longer than in Europe
By Maria Lily Shaw and Krystle Wittevrongel Montreal Economic Institute The past year has shown us beyond the shadow of a doubt that human ingenuity is a match for the greatest of challenges. The rapid development and mass production of several COVID-19 vaccines are proof of our remarkable capacity for innovation. Pharmaceutical innovation, one of…
Fixing the royalty structure seems like low-hanging fruit
With news of the official termination of the Keystone XL project, the Alberta government is out approximately $1.3 billion. What’s more, the province is left with unrefined bitumen that it doesn’t have the capacity to upgrade to higher-value products like gasoline and diesel. Why, then, does the province not look to develop its own capacity…
Sitting on an enormous economic opportunity that could address current financial and environmental issues and help diversify the economy
With Alberta’s economy still sputtering and not expected to rebound until 2023, the knowledge that we are sitting on an enormous economic opportunity is music to the ears of most Albertans. The fact that this opportunity not only addresses current financial and environmental issues but also helps diversify the energy sector is a veritable symphony.…
Canada’s GDP per capita would increase by 3.8 per cent simply by removing interprovincial trade barriers
By Olivier Rancourt and Krystle Wittevrongel MEI The theme of the post-COVID-19 economic recovery is on everyone’s lips, and there’s no shortage of debate about what should be done. According to some, the government should raise taxes on the rich, as if this were a way to promote growth. For others, this is an opportunity…