It’s time for Toronto to create a high-speed Internet network

Just when low-income Toronto residents were counting on the city to create a state-owned and operated municipal broadband network, the city backed away from its commitment to ConnectTO. Despite the city’s acknowledgment in January of the exorbitant prices people face for internet access, the executive committee, chaired by Mayor John Tory, said building a public … Read more

It’s time for Toronto to create a high-speed Internet network

Just when low-income Toronto residents were counting on the city to create a state-owned and operated municipal broadband network, the city backed away from its commitment to ConnectTO. Despite the city’s acknowledgment in January of the exorbitant prices people face for internet access, the executive committee, chaired by Mayor John Tory, said building a public … Read more

Armchair Bank of Canada critics like Pierre Poilievre should stick to football

The Bank of Canada (BoC) has rarely been so criticized as it is today. The Bank of Canada sets the interest rates which determine the cost of borrowing. And it pumps money into a stalled economy to get it going again, or pulls money back to keep the economy from overheating. The bank is now … Read more

This is how Canada’s inflation rate could be reduced

Year-on-year, CPI inflation was 6.7% in March. In other words, average prices for consumer goods and services in March were 6.7% higher than in March 2021 – a rate well above the 2% target and the highest since the start of 1991. Under pressure from economists and financiers, Bank of Canada Governor Tiff Macklem seems … Read more

This is how Canada’s inflation rate could be reduced

Year-on-year, CPI inflation was 6.7% in March. In other words, average prices for consumer goods and services in March were 6.7% higher than in March 2021 – a rate well above the 2% target and the highest since the start of 1991. Under pressure from economists and financiers, Bank of Canada Governor Tiff Macklem seems … Read more

Interest rate hikes cannot magically beat inflation in Canada

Is the interest rate a magic wand to fight inflation? Given February’s 5.7% inflation rate, the Bank of Canada—as expected—raised its target for the overnight rate to 1.0% from 0.5 on April 13. At that time, the consensus among economists was that the Bank would raise the policy rate by another 50 basis points in … Read more

Infrastructure a key step to EV adoption in Toronto

The race to respond to our changing climate is on. Cities around the world are looking for innovative ways to reduce emissions, leverage new technology and encourage carbon-reducing lifestyles. The City of Toronto is no exception. In 2019, Toronto declared a climate emergency and has since adopted an aggressive target: reaching net zero emissions by … Read more

Higher interest rates won’t solve Canadian inflation — but here’s what might work

Canada’s inflation rate has been on the rise since January 2021, and it stands now at a 30-year high at 5.1 per cent. Not surprisingly, the Bank of Canada has been under increasing pressure from economists and financiers to raise the rate of interest — something the Bank finally did this past Wednesday, increasing its … Read more

As food prices soar, it’s time for Ottawa to stop beer tax hikes

I feel a cautious optimism within Canada’s hospitality sector that some of the worse impacts of the COVID-19 pandemic, including the devastating restrictions placed on in-dining service at restaurants and bars, may be behind us. Finally, the industry can now shift our focus to the long-term and what needs to be done to recover from … Read more

As food prices soar, it’s time for Ottawa to stop beer tax hikes

I feel a cautious optimism within Canada’s hospitality sector that some of the worse impacts of the COVID-19 pandemic, including the devastating restrictions placed on in-dining service at restaurants and bars, may be behind us. Finally, the industry can now shift our focus to the long-term and what needs to be done to recover from … Read more