In 2000, the Liberals lowered capital gains taxes. In 2024 they plan to raise them for businesses and wealthy individuals. In these two changes, you have the opposite ends of a decades-old debate about economic growth and tax fairness theglobeandmail.com/business/artic…

Bank of Canada’s shadow looms over upcoming federal budget theglobeandmail.com/business/artic…

Bank of Canada senior deputy Carolyn Rogers flags low productivity and weak business investment in Canada: 'I’m saying that it’s an emergency - it’s time to break the glass.' theglobeandmail.com/business/artic…

New (w/ Jason Kirby & Mark Rendell):

Why you can’t afford a home, explained in 10 charts theglobeandmail.com/business/artic…

Inflation is fading fast.

ICYMI: My last (🥲) report from Germany, on the sudden influx of cheap-ish electric vehicles from China, which is set to upend the auto industry. theglobeandmail.com/business/artic…

Speculation mounts that Bank of Canada could accelerate end of QT theglobeandmail.com/business/artic…

📉 Inflation takes a big step back in January, falling within the Bank of Canada's target range. theglobeandmail.com/business/artic…

I'm on The Decibel today talking about the 'last mile' of inflation and what it means for the Bank of Canada and interest rates. Check it out: theglobeandmail.com/podcasts/the-d…

Some economists think the last mile of inflation will be the hardest. Others think it's closer to target than hawkish central bankers at the BoC and elsewhere are willing to admit. Matt Lundy, Jason Kirby and I take a look at the debate.
theglobeandmail.com/business/artic…

The Globe and Mail is hiring two reporters to be the main voices of our daily news and business (respectively) newsletters. More details here: can232.dayforcehcm.com/CandidatePorta…

After misreading the run-up in inflation, the Bank of Canada is working to replace its two main forecasting models – the largest revamp of the central bank’s analytical toolkit in nearly two decades.
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“At some moments in history, central bankers were all heroes; and other times, they’re all villains,” Bank of Canada's Tiff Macklem tells The Globe and Mail in a year-end interview looking back at 2023 and forward to a pivotal next year. With David Parkinson theglobeandmail.com/business/artic…

Interesting split in the BoC's gov council: “Some members felt that it was more likely than not that the policy rate would need to increase...Others viewed the most likely scenario as one where a 5% policy rate would be sufficient'if held high long enough theglobeandmail.com/business/artic…

The BoC and the Fed both began raising rates in March, 2022 and tightened aggressively. In Canada, that’s pushed the economy to the edge of a recession. South of the border, the U.S. economy is defying gravity. What gives? with Jason Kirby
theglobeandmail.com/business/artic…

BoC's Macklem on rising bond yields: 'To the extent that higher long-term rates reflect expectations of future monetary policy, they’re not a substitute for doing what needs to be done to get inflation to come back to our target.”
theglobeandmail.com/business/econo…

'If recent pricing behaviour settles into a new normal, it could complicate our return to low, stable and predictable inflation,” says new BoC deputy governor Nicolas Vincent
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Central bankers think interest rates are going to stay high for a long time. Not everyone is convinced theglobeandmail.com/business/artic…

“If you want to bring in the grocery CEOs and whip them with wet noodles, you can do that. But I don’t have very much faith that a public, or quasi-public lashing... is going to lead to any change in their pricing behaviour,' says Prof Chris Ragan theglobeandmail.com/business/econo…

After two years of high inflation and 18 months of rising interest rates, Ottawa is stepping up its focus on cost-of-living. Whether its new measures will impact inflation or the trajectory of interest rates remains to be seen. theglobeandmail.com/business/econo…