CCPA Senior Economist David Macdonald breaks down the numbers by creating a new methodology, which shows that corporate profits are eating up the vast majority of the extra inflation dollars, far outpacing increased labour costs or other expenses.

The 100 best-paid CEOs in Canada broke every compensation record in the books in 2021, some of which reflects excess corporate profits due to record-high inflation.

On the whole, Canada’s richest one per cent got a decent raise in the first year of the pandemic; the bottom 50 per cent? Not so much.

The federal government just released its latest fiscal update. CCPA senior economist David Macdonald has the details.

This is a remarkable story of economic recovery from the depths of the COVID-19 lockdown impacts. The next chapter will be written by the provinces as they decide what to do with their unexpected budget surpluses.

They’ve been enjoying excess profits throughout the pandemic.

On October 24, CCPA senior economist David Macdonald presented to the Standing Committee on Finance for the Pre-Budget Consultations in Advance of the 2023 Budget

The pandemic labour market phenomenon in the U.S. might be the “great resignation” as people quit their jobs in droves. In Canada, it’s more like the “great retirement” as the Boomers make their exit from the workforce.

Parliament has returned from its summer break. We’re expecting a packed—and heated— agenda.

Two-thirds of job postings are offering wages that are too low to entice applicants. Employers are going to have to be more competitive to fill those jobs.

The combination of rising interest rates and high private debt catapults Canada into the top third most dangerous economic periods since the Second World War. If the Bank of Canada hikes interest rates by 0.5% or more in September, we’d move into second place.

History tells us that the Bank of Canada has a 0% success rate in fighting inflation by quickly raising interest rates. If a pilot told me that they’d only ever attempted a particular landing three times in the past 60 years with a 0% success rate, that’s not a plane I’d want to be on. Unfortunately, that looks likes the plane all Canadians are on now.