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    Can you spare some trillion dollars? The cost of solving Canada's economic challenges
    Can you spare some trillion dollars? The cost of solving Canada's economic challenges
    The country is facing two generational economic challenges at once: a housing affordability crisis that has left home ownership out of reach for many, especially young Canadians, and a competitiveness problem that has left Canada's productivity and living standards trailing most of our OECD peers. Neither of these issues is new and has been left to fester for too many years. Fixing either of them will require significant investment. What has been less clear is just how large the price tag is.
    Why are Albertans so grumpy? It's about falling behind economically
    Why are Albertans so grumpy? It's about falling behind economically
    Western alienation has a long history in Alberta, from the lack of lending to the province's farmers in the 1930s, which gave birth to Alberta's credit union system, to the National Energy Program in 1980, to what is currently viewed as an overly restrictive regulatory framework that stymies the oil and gas industry.
    A successful MoU will require tens of billions in government support
    A successful MoU will require tens of billions in government support
    Transforming Canada into an "energy superpower" has been the federal government's catchphrase since it was elected last year. This ambition is also set out in the memorandum of understanding (MoU) signed with the government of Alberta. These developments have brought some hope that we will see a new wave of capital investment in the sector, boosting the economies of Canada and Alberta. However, many hurdles need to be passed before we start to see capital being committed and shovels in the ground.

     

    Servus Chief Economist

    Charles St-Arnaud

    Charles St-Arnaud is Chief Economist at Servus Credit Union. He has more than 20 years of experience as an Economist in the public and private sector, both in Canada and internationally. Before joining Servus, he was Chief Economist at Alberta Central. Before that, Charles focused on global financial markets as Senior Investment Strategist at Lombard Odier Investment Manager in London and as Senior Economist and FX Strategist at Nomura International in NYC and London. Charles was at the Department of Finance in Ottawa during the global financial crisis, where he advised senior officials on economic policy responses. He also worked for the Bank of Canada and Morgan Stanley. He is a regular contributor to the Financial Post, Globe&Mail, BNN Bloomberg, CBC/Radio-Canada and Calgary Herald. Charles holds an Msc. in Economics from Université du Québec à Montréal. 

     

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    Can you spare some trillion dollars? The cost of solving Canada's economic challenges

    The country is facing two generational economic challenges at once: a housing affordability crisis that has left home ownership out of reach for many, especially young Canadians, and a competitiveness problem that has left Canada's productivity and living standards trailing most of our OECD peers. Neither of these issues is new and has been left to fester for too many years. Fixing either of them will require significant investment. What has been less clear is just how large the price tag is.