Jumping on the regenerative agriculture bandwagon

But what does that mean for consumers and suppliers?

Jumping on the regenerative agriculture bandwagonRegenerative agriculture is making some noise of late – so much so that some companies are making it a priority. Foods, the world’s largest producer of french fries, just committed to limiting its climate footprint, saying all its french fries will come from farms using regenerative agriculture by 2030. For consumers, this is supposed to…

How to cool Canada’s overheated housing market

To incentivize affordable housing, officials need to slash taxes and red tape

How to cool Canada’s overheated housing marketAs economists Jake Fuss and Tegan Hill have warned, the macro effects of government stimuli to address COVID-19 lockdowns are starting to emerge. In Canada, they have taken the form of an overheating housing market. With mortgage rates plunging to historic lows, the demand for residential real estate is driving prices through the roof. As…

Canada can manage its debt load by stretching out its loans

Locking in government bonds at current low interest rates, over extremely long terms, can help us manage our debt in challenging times

Canada can manage its debt load by stretching out its loansThe massive debt Canada’s federal government and other governments around the world took on to face the fallout from the COVID-19 pandemic is the elephant in the room. This debt could soon become intolerably hard to service, if interest rates revert to more historic levels or even escalate past those levels. Investors will demand higher…

Surprise! Food prices are on their way up

Prices will go up by as much as five per cent this year, or almost $700 more for groceries for the year for an average Canadian family

Surprise! Food prices are on their way upWhat was purely an academic supposition a few months ago is now actually happening. Along with higher interest rates, inflation is likely to become one of this year’s biggest business stories. And food prices won’t be immune. Many agricultural commodity prices have skyrocketed over last year. Corn is up 84 per cent, soybeans are up…

Below-normal temperatures lead to soaring spot LNG prices

But opposition to resource development means Canada is being left out in the cold

Below-normal temperatures lead to soaring spot LNG pricesExtreme cold weather and mismatched supply and demand have pushed spot prices for liquefied natural gas (LNG) in Asia through the roof. Bloomberg reports that LNG spot prices went from “almost to zero” in April 2020 to above US$30 per one million British thermal unit (MMBtu), rising “18-fold in less than nine months.” Prices in…

How will Canadian households cope as food prices rise?

The pace of food inflation is unmanageable for many

How will Canadian households cope as food prices rise?Canada’s Food Price Report 2021 brought some disconcerting news to Canadians. We could see food prices rise by as much as five per cent in 2021, according to the recently-released report. That’s the highest increase ever predicted by the report’s authors, a group of 24 scholars from four universities. For a family of four, the…

Federal Clean Fuel Standard is all smoke and mirrors

As proposed, the CFS will do little to reduce GHG emissions, will hike the cost of energy and undermine Canadian energy security

Federal Clean Fuel Standard is all smoke and mirrorsBy Jock Finlayson and Denise Mullen Business Council of B.C. Amid the worst economic and public heath crisis in Canadian history, the federal government has decided to proceed with a major new regulatory initiative that promises to add billions of dollars to the cost of energy for households and businesses in every corner of the…

Better get used to higher food prices

The food sector has never been recession-proof. But COVID-19 may show us that it’s immune to deflationary pressures

Better get used to higher food pricesDespite a negative inflation rate overall, recent Statistics Canada numbers tell us we’re in for a wild ride at the grocery store. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December, Canada’s Food Price Report predicted a food inflation rate of about 4.0…

There’s no free lunch when it comes to government spending

Modern monetary theory advocates argue the government should have a magic wand to conjure up money out of thin air.

Left to their own devices, politicos every now and then come up with a theory that allows them to promise free lunches. Modern monetary theory (MMT) is all the rage in the United States and Canada among starry-eyed social engineers who see no limits to their intervention. Rather than arising from academic inquiry, debates concerning…