IFSD, hosted at uOttawa, is both a public interest think tank and a global advisory practice. Operating at the nexus of politics, finance & institutions.

Joined November 2016
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โ€œ๐˜๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ฅ๐˜ฐ๐˜ฆ๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ด๐˜ฐ๐˜ญ๐˜ท๐˜ฆ ๐˜ง๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ช๐˜ฏ๐˜ด๐˜ฆ๐˜ค๐˜ถ๐˜ณ๐˜ช๐˜ต๐˜บโ€ฆ ๐˜๐˜ฏ ๐˜Š๐˜ข๐˜ฏ๐˜ข๐˜ฅ๐˜ข, ๐˜ธ๐˜ฆ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ข๐˜ฏ ๐˜ฆ๐˜ฏ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜ง๐˜ฐ๐˜ฐ๐˜ฅโ€ฆ ๐˜๐˜ต ๐˜ช๐˜ด ๐˜ข๐˜ฏ ๐˜ช๐˜ด๐˜ด๐˜ถ๐˜ฆ ๐˜ฐ๐˜ง ๐˜ณ๐˜ฆ๐˜ด๐˜ฐ๐˜ถ๐˜ณ๐˜ค๐˜ฆ๐˜ด.โ€ The federal governmentโ€™s announcement on food affordability is welcome, with ideas that can helpโ€”from boosting production and investing in supply chains, to strengthening the Competition Bureau. ๐Ÿ‘‰But as this clip from our recent ๐˜›๐˜ฉ๐˜ฆ ๐˜—๐˜ฐ๐˜ญ๐˜ช๐˜ต๐˜ช๐˜ค๐˜ด ๐˜ฐ๐˜ง ๐˜”๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ podcast explains, addressing food supplyโ€”or even pricesโ€”is unlikely to move the needle on food insecurity. As ๐•๐š๐ฅ๐ž๐ซ๐ข๐ž ๐“๐š๐ซ๐š๐ฌ๐ฎ๐ค, ๐’๐š๐ซ๐š๐ก ๐’๐ญ๐ž๐ซ๐ง, ๐‰๐ž๐ง๐ง๐ข๐Ÿ๐ž๐ซ ๐‘๐จ๐›๐ฌ๐จ๐ง ๐š๐ง๐ ๐‡๐ž๐ฅ๐š๐ข๐ง๐š ๐†๐š๐ฌ๐ฉ๐š๐ซ๐ discuss in this clip, ๐ญ๐š๐œ๐ค๐ฅ๐ข๐ง๐  ๐Ÿ๐จ๐จ๐ ๐ข๐ง๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐ฆ๐ž๐š๐ง๐ฌ ๐š๐๐๐ซ๐ž๐ฌ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฎ๐ง๐๐ž๐ซ๐ฅ๐ฒ๐ข๐ง๐  ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐œ๐จ๐ง๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ ๐ก๐จ๐ฎ๐ฌ๐ž๐ก๐จ๐ฅ๐๐ฌ ๐Ÿ๐š๐œ๐ž. โ€œ๐˜š๐˜ฐ ๐˜บ๐˜ฐ๐˜ถ'๐˜ณ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ต๐˜ข๐˜ญ๐˜ฌ๐˜ช๐˜ฏ๐˜จ ๐˜ข๐˜ฃ๐˜ฐ๐˜ถ๐˜ต ๐˜ฑ๐˜ถ๐˜ต๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ฉ๐˜ฐ๐˜ถ๐˜ด๐˜ฆ๐˜ฉ๐˜ฐ๐˜ญ๐˜ฅ๐˜ด ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ข ๐˜ด๐˜ช๐˜ต๐˜ถ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ธ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ'๐˜ณ๐˜ฆ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ง๐˜ฐ๐˜ณ๐˜ค๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ต๐˜ณ๐˜ข๐˜ฅ๐˜ฆ ๐˜ฐ๐˜ง๐˜ง. ๐˜‰๐˜ฆ๐˜ต๐˜ธ๐˜ฆ๐˜ฆ๐˜ฏ ๐˜ด๐˜ข๐˜บ ๐˜ถ๐˜ต๐˜ช๐˜ญ๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ฐ๐˜ณ ๐˜ด๐˜ฉ๐˜ฆ๐˜ญ๐˜ต๐˜ฆ๐˜ณ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ฐ๐˜ฐ๐˜ฅ.โ€ Itโ€™s about whether households have anything left for food after everything else is paid. ๐—™๐—ผ๐—ผ๐—ฑ ๐—ฎ๐—ณ๐—ณ๐—ผ๐—ฟ๐—ฑ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—บ๐—ฒ๐—ฎ๐˜€๐˜‚๐—ฟ๐—ฒ๐˜€ ๐—ฎ๐—น๐—ผ๐—ป๐—ฒ ๐˜„๐—ผ๐—ปโ€™๐˜ ๐˜€๐—ผ๐—น๐˜ƒ๐—ฒ ๐—ถ๐˜.
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๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐Ÿ๐ฎ๐ฅ๐ฅ ๐Ÿ๐จ๐จ๐ ๐ข๐ง๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐ž๐ฉ๐ข๐ฌ๐จ๐๐ž: โ–ถ๏ธ Watch on YouTube youtu.be/CMigYkL3f7U ๐ŸŽง Listen on your favourite podcast app thepoliticsofmoney.ifsd.ca/eโ€ฆ
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๐Ÿ‡จ๐Ÿ‡ฆ's food insecurity crisis is growing โžคย  About ๐Ÿ ๐ข๐ง ๐Ÿ’ ๐‚๐š๐ง๐š๐๐ข๐š๐ง๐ฌ & ๐Ÿ.๐Ÿ“ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐œ๐ก๐ข๐ฅ๐๐ซ๐ž๐ง are food insecure As affordability concerns continue to dominate politics, our latest episode of ๐˜›๐˜ฉ๐˜ฆ ๐˜—๐˜ฐ๐˜ญ๐˜ช๐˜ต๐˜ช๐˜ค๐˜ด ๐˜ฐ๐˜ง ๐˜”๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ brings together leading experts to explore a key question facing Canada's policy makers: ๐Ÿ‘‰ Why doesn't Canadaโ€™s social safety net prevent food insecurity? ๐Ÿ’ฌ "Food insecurity isn't a food issueโ€”it's a resource issue" ๐ŸŽง: share.transistor.fm/s/3493f0โ€ฆ
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๐Ÿšจ New ๐˜›๐˜ฉ๐˜ฆ ๐˜—๐˜ฐ๐˜ญ๐˜ช๐˜ต๐˜ช๐˜ค๐˜ด ๐˜ฐ๐˜ง ๐˜”๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ episode: ๐…๐จ๐จ๐ ๐ˆ๐ง๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐ข๐ง ๐‚๐š๐ง๐š๐๐šโ€”๐š ๐œ๐ซ๐ข๐ฌ๐ข๐ฌ ๐จ๐ฎ๐ซ ๐ฌ๐š๐Ÿ๐ž๐ญ๐ฒ ๐ง๐ž๐ญ ๐ฐ๐š๐ฌ ๐ง๐ž๐ฏ๐ž๐ซ ๐๐ž๐ฌ๐ข๐ ๐ง๐ž๐ ๐ญ๐จ ๐ก๐š๐ง๐๐ฅ๐ž ๐Ÿ‘‰ About ๐Ÿ ๐ข๐ง ๐Ÿ’ ๐‚๐š๐ง๐š๐๐ข๐š๐ง๐ฌ living food insecure ๐Ÿ‘‰ Around ๐Ÿ.๐Ÿ“ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐œ๐ก๐ข๐ฅ๐๐ซ๐ž๐ง ๐Ÿ‘‰ Growing use of food banks by working Canadians ๐’๐จ ๐ฐ๐ก๐š๐ญโ€™๐ฌ ๐ ๐จ๐ข๐ง๐  ๐จ๐ง? Canadaโ€™s safety net isnโ€™t keeping up โ€” because it wasn't built to address food insecurity. In our latest podcast episode, IFSD engages leading experts to unpack the issue. @IFSD_IFPD Managing Director Helaina Gaspard speaks with Valerie Tarasuk (Professor Emerita, University of Toronto), Craig Gundersen (Snee Family Endowed Professor, Baylor University), Jennifer Robson (Associate Professor, Political Management, Carleton University), and Sarah Stern (Executive Director, Maple Leaf Centre for Food Security). Their discussion digs into: โžค Why food bank use is risingโ€”even among employed households โžค The limits of existing supports like EI and the Canada Child Benefit โžค Why responsiveness, timing, and targeting of income supports matter โžค What lessons Canada could draw from programs like SNAP in the U.S. ๐Ÿ‘‰ At its core, the challenge is this: How do we design a social safety net that actually prevents food insecurityโ€”rather than responds after the fact? ๐ŸŽง Listen now on your favourite podcast app: thepoliticsofmoney.ifsd.ca/eโ€ฆ ๐Ÿ“บ Watch on YouTube: youtu.be/CMigYkL3f7U?si=bcDEโ€ฆ
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Institute of Fiscal Studies and Democracy (IFSD) retweeted
"Trump is taking a victory lap for his own trade war." @policy_mag Columns, @Lisa_VanDusen with "Donald Trumpโ€™s New Conflict of Interest: The Canadian Economy" bit.ly/4uNh6Dn #cdnpoli #Trump #CUSMA
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Institute of Fiscal Studies and Democracy (IFSD) retweeted
"The decline coincides with the 2025 inauguration of President Trump." @policy_mag Specials @IFSD_IFPD's Kevin Page with "โ€˜Technical Recessionโ€™, the Backstory: Why has the Canadian Economy Flatlined?" bit.ly/4dNwU35 #cdnpoli
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Since Donald Trump became President... ๐Ÿ‡จ๐Ÿ‡ฆ's economy has been responding to large economic shocks. "Businesses and investors are in a holding pattern. The lyrics resonate: โ€˜๐˜ ๐˜ค๐˜ข๐˜ฏโ€™๐˜ต ๐˜ฆ๐˜น๐˜ฑ๐˜ญ๐˜ข๐˜ช๐˜ฏ. ๐˜ ๐˜ฐ๐˜ถ ๐˜ธ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ฅ. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฉ๐˜ฐ๐˜ธ ๐˜ ๐˜ข๐˜ฎ; ๐˜ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ฃ๐˜ฆ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ค๐˜ฐ๐˜ฎ๐˜ง๐˜ฐ๐˜ณ๐˜ต๐˜ข๐˜ฃ๐˜ญ๐˜บ ๐˜ฏ๐˜ถ๐˜ฎ๐˜ฃ.โ€ [@IFSD_IFPD President ๐—ž๐—ฒ๐˜ƒ๐—ถ๐—ป ๐—ฃ๐—ฎ๐—ด๐—ฒ in his latest @policy_mag piece] ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐˜€๐˜„๐—ถ๐—ฟ๐—น๐—ถ๐—ป๐—ด ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜„๐—ต๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ ๐—ถ๐˜€ ๐—ถ๐—ป ๐—ฎ (๐˜๐—ฒ๐—ฐ๐—ต๐—ป๐—ถ๐—ฐ๐—ฎ๐—น) ๐—ฟ๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ถ๐—ผ๐—ป. But focussing on labels risks missing what's really happening underneath. Our economy isnโ€™t collapsing. โžก๏ธ ๐—•๐˜‚๐˜ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฎ๐—ธ. > โ€œ๐˜›๐˜ฉ๐˜ฆ ๐˜ฅ๐˜ข๐˜ต๐˜ข ๐˜ด๐˜ฉ๐˜ฐ๐˜ธ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜Š๐˜ข๐˜ฏ๐˜ข๐˜ฅ๐˜ช๐˜ข๐˜ฏ ๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜บ ๐˜ฉ๐˜ข๐˜ด ๐˜ง๐˜ญ๐˜ข๐˜ต๐˜ญ๐˜ช๐˜ฏ๐˜ฆ๐˜ฅ ๐˜ฃ๐˜ฆ๐˜ค๐˜ข๐˜ถ๐˜ด๐˜ฆ ๐˜ฐ๐˜ง ๐˜ข ๐˜ฅ๐˜ฆ๐˜ค๐˜ญ๐˜ช๐˜ฏ๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฃ๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ช๐˜ฏ๐˜ท๐˜ฆ๐˜ด๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ณ๐˜ข๐˜ฅ๐˜ฆ. ๐˜›๐˜ฉ๐˜ฆ ๐˜จ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ฏ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ตโ€™๐˜ด ๐˜Š๐˜ข๐˜ฏ๐˜ข๐˜ฅ๐˜ข ๐˜š๐˜ต๐˜ณ๐˜ฐ๐˜ฏ๐˜จ ๐˜ฑ๐˜ญ๐˜ข๐˜ฏ ๐˜ช๐˜ด ๐˜ง๐˜ฐ๐˜ค๐˜ถ๐˜ด๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜ช๐˜ฏ๐˜ท๐˜ฆ๐˜ด๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ณ๐˜ข๐˜ฅ๐˜ฆ.โ€ So far, Canadians have largely shown confidence in the government's plan. But in a weak economy, confidence is fragile โ€” "๐˜‰๐˜ฆ๐˜ต๐˜ต๐˜ฆ๐˜ณ ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ฑ๐˜ข๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜บ, ๐˜ข ๐˜ง๐˜ฐ๐˜ค๐˜ถ๐˜ด ๐˜ฐ๐˜ฏ ๐˜ฅ๐˜ฆ๐˜ญ๐˜ช๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ช๐˜ด ๐˜จ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ฒ๐˜ถ๐˜ช๐˜ณ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฎ๐˜ข๐˜ช๐˜ฏ๐˜ต๐˜ข๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ค๐˜ฐ๐˜ฏ๐˜ง๐˜ช๐˜ฅ๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ." ๐Ÿ“Š As the chart below shows, (to borrow from Pink Floyd) we may not be in acute pain โ€” but the economy risks becoming ๐˜ค๐˜ฐ๐˜ฎ๐˜ง๐˜ฐ๐˜ณ๐˜ต๐˜ข๐˜ฃ๐˜ญ๐˜บ ๐˜ฏ๐˜ถ๐˜ฎ๐˜ฃ. ๐Ÿ“– ๐—ฅ๐—ฒ๐—ฎ๐—ฑ ๐—ž๐—ฒ๐˜ƒ๐—ถ๐—ปโ€™๐˜€ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€: policymagazine.ca/technical-โ€ฆ
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New in @policy_mag from IFSD's Kevin Page...Why has the economy flatlined? 1) "Comfortably numb": businesses and investors are in a holding pattern. 2) What to do: "Letโ€™s work the problem. Letโ€™s not make it worse by guessing". 3) The challenge will be execution: โ€œthe best way out is always throughโ€. #cdnpoli policymagazine.ca/technical-โ€ฆ
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๐—ง๐—ต๐—ฒ ๐—น๐—ฎ๐˜€๐˜ ๐—•๐˜‚๐—ฑ๐—ด๐—ฒ๐˜ ๐—ผ๐˜‚๐˜๐—น๐—ถ๐—ป๐—ฒ๐—ฑ ๐˜๐—ต๐—ฒ ๐—ฝ๐—น๐—ฎ๐—ป. ๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐—ฝ๐—ฟ๐—ถ๐—ป๐—ด'๐˜€ ๐—™๐—ถ๐˜€๐—ฐ๐—ฎ๐—น ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ ๐—ผ๐˜‚๐˜๐—น๐—ถ๐—ป๐—ฒ๐—ฑ ๐—ฝ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฒ๐˜€๐˜€ โ€” ๐—ฎ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ ๐—ฑ๐—ผ๐˜„๐—ป๐˜€๐—ถ๐—ฑ๐—ฒ ๐—ฟ๐—ถ๐˜€๐—ธ. The next test will be the ๐—ณ๐—ฎ๐—น๐—น ๐—•๐˜‚๐—ฑ๐—ด๐—ฒ๐˜ โ€” and the answer to the question: ๐—ช๐—ต๐—ฎ๐˜ ๐—ฝ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ถ๐˜€ ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ ๐—บ๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐—ผ๐—ป ๐—ฒ๐˜…๐—ฒ๐—ฐ๐˜‚๐˜๐—ถ๐—ผ๐—ป? Since Donald Trump became President, Canada has been responding to large shocks to our economy. In the fall budget, the government outlined their response plan: โ€ข boost foreign and domestic capital investment โ€ข improve productivity โ€ข diversify trade โ€ข build economic capacity In the Spring Fiscal Update, the signals were clear: growth continues to be weak. The government included a downside recession scenario (that was largely overlooked.) ๐Ÿ‘‰ ๐—•๐˜‚๐˜ ๐˜๐—ต๐—ถ๐˜€ ๐—ถ๐˜€๐—ปโ€™๐˜ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐—น๐—ฎ๐—ฏ๐—ฒ๐—น๐˜€. ๐Ÿ‘‰ ๐—œ๐˜โ€™๐˜€ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜„๐—ต๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒโ€™๐˜€ ๐—ฎ ๐—ฝ๐—น๐—ฎ๐—ป ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ถ๐˜€ ๐—ฝ๐—ฟ๐—ผ๐—น๐—ผ๐—ป๐—ด๐—ฒ๐—ฑ ๐—ฝ๐—ฒ๐—ฟ๐—ถ๐—ผ๐—ฑ ๐—ผ๐—ณ ๐˜„๐—ฒ๐—ฎ๐—ธ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต โ€”and if progress is being made... I๐˜€ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—ณ๐—น๐—ผ๐˜„๐—ถ๐—ป๐—ด? ๐—œ๐˜€ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ฒ ๐—ฏ๐—ฒ๐—ถ๐—ป๐—ด ๐—ฑ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐—ณ๐—ถ๐—ฒ๐—ฑ? Because in a weak economyโ€” ๐—ฐ๐—ผ๐—ป๐—ณ๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—ถ๐˜€ ๐—ณ๐—ฟ๐—ฎ๐—ด๐—ถ๐—น๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—ฒ๐˜…๐—ฒ๐—ฐ๐˜‚๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐˜€ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด.
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โ€œ๐–๐ž ๐ก๐š๐ฏ๐ž ๐š ๐ฏ๐ž๐ซ๐ฒ ๐๐ข๐ฌ๐ฃ๐จ๐ข๐ง๐ญ๐ž๐ ๐œ๐จ๐ง๐ฏ๐ž๐ซ๐ฌ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐ก๐ข๐ง๐ ๐ฌ ๐ญ๐ก๐š๐ญ ๐ฐ๐ž ๐ฐ๐š๐ง๐ญโ€ฆ ๐š๐ง๐ ๐ฐ๐ก๐ž๐ซ๐ž ๐ญ๐ก๐š๐ญ ๐ฆ๐จ๐ง๐ž๐ฒ ๐š๐œ๐ญ๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐œ๐จ๐ฆ๐ž๐ฌ ๐Ÿ๐ซ๐จ๐ฆ.โ€ @sahir_yow and @hscoffield on why taxation remains one of the most difficult conversations in public policy. They dive into: โ–ช๏ธŽ ๐‡๐จ๐ฐ ๐ฅ๐ข๐ฆ๐ข๐ญ๐ž๐ ๐ฉ๐ฎ๐›๐ฅ๐ข๐œ ๐๐ž๐›๐š๐ญ๐ž ๐ข๐ฌ on how we finance growing spending pressures โ€” including defence โ–ช๏ธŽ ๐“๐ก๐ž ๐ซ๐จ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ซ๐ฎ๐ฌ๐ญ in supporting tax policy and public institutions โ–ช๏ธŽ ๐ˆ๐ง๐ญ๐ž๐ซ๐ ๐ž๐ง๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ž๐ช๐ฎ๐ข๐ญ๐ฒ โ€” and the implications of deferring todayโ€™s costs to future generations โ–ช๏ธŽ ๐“๐ก๐ž ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐œ๐ฅ๐ž๐š๐ซ ๐œ๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง around policy trade-offs โ€” and outcomes At IFSD, we know fiscal policy isn't just accounting โ€” ๐ข๐ญโ€™๐ฌ ๐š ๐œ๐จ๐ง๐ฏ๐ž๐ซ๐ฌ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ฌ, ๐œ๐ก๐จ๐ข๐œ๐ž๐ฌ, ๐š๐ง๐ ๐ฅ๐จ๐ง๐ -๐ญ๐ž๐ซ๐ฆ ๐ฌ๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ. About the kind of communities we want to build โ€” today and for future generations. โ–ถ๏ธ Watch for why a more complete public conversation on taxation matters.
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And check out the full episodeโ€”where we bring together American and Canadian perspectives to move the tax discussion beyond simple slogans and examine the real world trade-offs and consequences. ๐Ÿ“บ Watch: youtu.be/2z0knFQUnaM ๐ŸŽง Listen: thepoliticsofmoney.ifsd.ca/eโ€ฆ
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โ€œ๐˜ ๐˜ฐ๐˜ถ ๐˜ค๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ข ๐˜ต๐˜ข๐˜น ๐˜ฃ๐˜ถ๐˜ณ๐˜ฅ๐˜ฆ๐˜ฏ ๐˜ช๐˜ฏ ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ ๐˜ช๐˜ด ๐˜ข ๐˜ญ๐˜ฐ๐˜ธ-๐˜ต๐˜ข๐˜น ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ ๐˜ฆ๐˜ฒ๐˜ถ๐˜ข๐˜ญ ๐˜ต๐˜ฐ ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ค๐˜ฆ๐˜ช๐˜ท๐˜ฆ ๐˜ข๐˜ด ๐˜ข ๐˜ฉ๐˜ช๐˜จ๐˜ฉ-๐˜ต๐˜ข๐˜น ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ.โ€ ๐Ÿ‘‰ ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ ๐˜ƒ๐˜€. โ€œ๐—น๐—ผ๐˜„-๐˜๐—ฎ๐˜…โ€ ๐—จ.๐—ฆ. ๐˜€๐˜๐—ฎ๐˜๐—ฒ๐˜€โ€”๐—ฎ๐—ฟ๐—ฒ ๐˜„๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ฟ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐—ด๐—ต๐˜ ๐˜๐—ต๐—ถ๐—ป๐—ด๐˜€? In this clip from IFSD's ๐‘ป๐’‰๐’† ๐‘ท๐’๐’๐’Š๐’•๐’Š๐’„๐’” ๐’๐’‡ ๐‘ด๐’๐’๐’†๐’š podcast, IFSDโ€™s Sahir Khan speaks about whatโ€™s often missed in Canadaโ€“U.S. comparisons with U.S. tax expert Scott Pattison (Director of Tax Research and Policy at the Federation of Tax Administrators and former CEO of the National Governors Association) ๐—ฆ๐—ฐ๐—ผ๐˜๐˜ ๐—ต๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€: โ€ข Many U.S. states must balance their operating budgetsโ€”shaping how tax cuts are used โ€ข โ€œLow-taxโ€ states can rely on other revenue sources: ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜บ ๐˜ต๐˜ข๐˜น๐˜ฆ๐˜ด, ๐˜ต๐˜ฐ๐˜ญ๐˜ญ๐˜ด, ๐˜ด๐˜ข๐˜ญ๐˜ฆ๐˜ด ๐˜ต๐˜ข๐˜น๐˜ฆ๐˜ด, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ฆ๐˜ฆ๐˜ด โ€ข Businesses look beyond taxes when deciding where to invest: ๐˜ด๐˜ฌ๐˜ช๐˜ญ๐˜ญ๐˜ด, ๐˜ช๐˜ฏ๐˜ง๐˜ณ๐˜ข๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฒ๐˜ถ๐˜ข๐˜ญ๐˜ช๐˜ต๐˜บ ๐˜ฐ๐˜ง ๐˜ญ๐˜ช๐˜ง๐˜ฆ all matter ๐Ÿ“Š As for ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎโ€“๐—จ.๐—ฆ. ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ฟ๐—ถ๐˜€๐—ผ๐—ป๐˜€: ๐Ÿ‘‰ ๐˜š๐˜ต๐˜ข๐˜ต๐˜ฆ ๐˜Ž๐˜‹๐˜— ๐˜ฅ๐˜ฐ๐˜ฆ๐˜ด๐˜ฏโ€™๐˜ต ๐˜ต๐˜ฆ๐˜ญ๐˜ญ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ข๐˜ญ ๐˜ด๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐Ÿ‘‰ Look at other indicators, including: ๐˜ฎ๐˜ฆ๐˜ฅ๐˜ช๐˜ข๐˜ฏ ๐˜ช๐˜ฏ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ, ๐˜ญ๐˜ช๐˜ง๐˜ฆ ๐˜ฆ๐˜น๐˜ฑ๐˜ฆ๐˜ค๐˜ต๐˜ข๐˜ฏ๐˜ค๐˜บ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฒ๐˜ถ๐˜ข๐˜ญ๐˜ช๐˜ต๐˜บ ๐˜ฐ๐˜ง ๐˜ญ๐˜ช๐˜ง๐˜ฆ ๐˜ฐ๐˜ถ๐˜ต๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ๐˜ด As debate here continues around cost of living, productivity, taxes, and ๐Ÿ‡จ๐Ÿ‡ฆ competitiveness, check out this important reality check from inside the U.S. system.
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Institute of Fiscal Studies and Democracy (IFSD) retweeted
With rising global uncertainty and conflict, Canada has committed to significantly increasing defence spending through 2035. @IFSD_IFPD President Kevin Page is quoted in a new Canadian Press story today highlighting an important distinction: ๐˜๐—ต๐—ฒ ๐—พ๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐˜€๐—ปโ€™๐˜ ๐—ท๐˜‚๐˜€๐˜ ๐˜„๐—ต๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ ๐Ÿ‡จ๐Ÿ‡ฆ ๐˜„๐—ถ๐—น๐—น ๐—บ๐—ฒ๐—ฒ๐˜ ๐—ถ๐˜๐˜€ ๐˜๐—ฎ๐—ฟ๐—ด๐—ฒ๐˜๐˜€โ€”๐—ฏ๐˜‚๐˜ ๐—ต๐—ผ๐˜„. Current fiscal projections donโ€™t yet show a detailed path to that target. For major, long-term commitments of this scale, ๐—ฐ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐—ฏ๐—น๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐˜๐—ฟ๐—ฎ๐—ป๐˜€๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ป๐˜ ๐—ฝ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€: ๐Ÿ‘‰ย It supports ๐—ถ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฒ๐—ฑ ๐—ฝ๐˜‚๐—ฏ๐—น๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐—ฏ๐—ฎ๐˜๐—ฒ ๐Ÿ‘‰ย It clarifies the ๐˜€๐—ฐ๐—ฎ๐—น๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐˜๐—ถ๐—บ๐—ถ๐—ป๐—ด of investments ๐Ÿ‘‰ย It reinforces confidence in ๐—น๐—ผ๐—ป๐—ด-๐˜๐—ฒ๐—ฟ๐—บ ๐—ณ๐—ถ๐˜€๐—ฐ๐—ฎ๐—น ๐˜€๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† As Kevin points out, long-term plans around things like military procurement will change over time. The government can then revise its projections as conditions evolve. This reflects a core public finance principle: ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ด ๐—ฝ๐˜‚๐—ฏ๐—น๐—ถ๐—ฐ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฟ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ฏ๐—ผ๐˜๐—ต ๐—ณ๐—น๐—ฒ๐˜…๐—ถ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—น๐—ฎ๐—ฟ๐—ถ๐˜๐˜†โ€”๐—ฒ๐˜€๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ฎ๐—น๐—น๐˜† ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐—ฑ๐—ฒ๐—ฐ๐—ฎ๐—ฑ๐—ฒ๐˜€. ๐Ÿ”— Read more: halifax.citynews.ca/2026/05/โ€ฆ
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๐Ÿ’ฌ ๐—ช๐—ต๐˜† ๐—ฑ๐—ผ ๐—ฝ๐—ผ๐—น๐—ถ๐—ฐ๐˜† ๐—ฑ๐—ถ๐˜€๐—ฎ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ฏ๐—ฒ๐—ฐ๐—ผ๐—บ๐—ฒ ๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ฐ๐—ฟ๐—ถ๐˜€๐—ฒ๐˜€ ๐—ถ๐—ป ๐Ÿ‡จ๐Ÿ‡ฆ? Former Liberal leader and Intergovernmental Affairs minister Stรฉphane Dion spoke to Kevin Page on IFSD's ๐™๐™๐™š ๐™‹๐™ค๐™ก๐™ž๐™ฉ๐™ž๐™˜๐™จ ๐™ค๐™› ๐™ˆ๐™ค๐™ฃ๐™š๐™ฎ podcast about Canada's ongoing national unity challenge. As Alberta moves to vote this fall on whether they'll have a vote on separation, his points remain timely. Across Canada, we have regional tensions around things like energy policies and federal-provincial jurisdiction. These debates aren't unique to Canada. But other countries manage these disagreements without putting the future of the country itself on the table, "๐™ฌ๐™ž๐™ฉ๐™๐™ค๐™ช๐™ฉ ๐™ฉ๐™๐™ง๐™š๐™–๐™ฉ๐™š๐™ฃ๐™ž๐™ฃ๐™œ ๐™ฉ๐™ค ๐™š๐™ง๐™š๐™˜๐™ฉ ๐™ž๐™ฃ๐™ฉ๐™š๐™ง๐™ฃ๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™–๐™ก ๐™—๐™ค๐™ง๐™™๐™š๐™ง๐™จ ๐™–๐™ฃ๐™™ ๐™ฉ๐™ค ๐™˜๐™๐™–๐™ฃ๐™œ๐™š ๐™›๐™š๐™ก๐™ก๐™ค๐™ฌ ๐™˜๐™ž๐™ฉ๐™ž๐™ฏ๐™š๐™ฃ๐™จ ๐™ž๐™ฃ๐™ฉ๐™ค ๐™›๐™ค๐™ง๐™š๐™ž๐™œ๐™ฃ๐™š๐™ง๐™จ." #cdnpoli #Federalism #AlbertaPolitics #CanadianPolicy #PublicPolicy
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๐Ÿ“บ ๐—ช๐—ฎ๐˜๐—ฐ๐—ต ๐˜๐—ต๐—ฒ ๐—ณ๐˜‚๐—น๐—น ๐—ฒ๐—ฝ๐—ถ๐˜€๐—ผ๐—ฑ๐—ฒ: thepoliticsofmoney.ifsd.ca/eโ€ฆ ๐ŸŽง ๐—Ÿ๐—ถ๐˜€๐˜๐—ฒ๐—ป ๐—ผ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ฎ๐˜ƒ๐—ผ๐˜‚๐—ฟ๐—ถ๐˜๐—ฒ ๐—ฝ๐—ผ๐—ฑ๐—ฐ๐—ฎ๐˜€๐˜ ๐—ฎ๐—ฝ๐—ฝ: thepoliticsofmoney.ifsd.ca/eโ€ฆ
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Institute of Fiscal Studies and Democracy (IFSD) retweeted
Alberta ( 2.6%) and Ontario ( 1.4%) led gains among nine provinces, but Quebec declined 0.8%. E-commerce sales increased 1.5%
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Institute of Fiscal Studies and Democracy (IFSD) retweeted
Les ventes au dรฉtail ont augmentรฉ de 0,9 % en mars, mais ont reculรฉ de 0,7 % en volume. Les ventes des stations-service et des dรฉtaillants de carburant ont bondi de 12,4 %. Le PIB immรฉdiat @IFSD_IFPD 2026T1 est ร  1,8 % (t/t, annualisรฉ).
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Institute of Fiscal Studies and Democracy (IFSD) retweeted
March retail sales rose 0.9% in dollar terms, but dropped 0.7% in volume. Sales at gasoline stations and fuel vendors jumped 12.4%, while core retail sales slipped 0.1%. Quarterly sales were up 2.1% (1.2% in volume). The @IFSD_IFPD 2026Q1 Nowcast is 1.8% (q/q, annualized).
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