Manitoba government too involved in insurance business

Unsurprisingly, as a government car insurance monopoly, MPI’s history is marked by politics

Manitoba government too involved in insurance businessManitoba Public Insurance (MPI) is in updating its computer programs and associated practices. Through an estimated multimillion-dollar effort, MPI plans to provide its customers with online services. With MPI’s long-needed revamped technology, licensed drivers and vehicle owners will be able to select insurance options and pay MPI bills without even conversing with a broker. Yet…

CBC has outlived its usefulness

The policy rationale for the existence of the CBC no longer meets the reality of the modern age

CBC has outlived its usefulnessThe Canadian Broadcasting Corp. (CBC) should go the way of the Freshwater Fish Marketing Corp. (FFMC). In 1969, the federal government passed the Freshwater Fish Marketing Act (FFMA). It created a federal Crown corporation that acted as the sole buyer of freshwater fish caught in western Canada, northern Canada and parts of northern Ontario. The…

Want to pay for medical supplies? Stop funding CBC

Our health-care budgets were already greatly strained before the COVID-19 crisis; they’re completely blown out now

Want to pay for medical supplies? Stop funding CBCTwo of the major issues arising from the current medical emergency and lockdown are how much it would cost to prepare for a similar crisis and how Canadians would pay for it (as well as pay for the one we’re enduring). The N95 particulate mask is deemed necessary to ensure that neither the wearer nor…

Manage provincial debt by controlling Crown projects

In Newfoundland and several other provinces, major power projects have created huge public debt

Manage provincial debt by controlling Crown projectsThe province of Newfoundland and Labrador is staring bankruptcy in the eye, according to recent news reports. There are a variety of reasons, which are typical for provincial politics. Politicians hate to cut services, love to cut taxes and hate to increase taxes because voters react to all of those things. Politicians aren’t leaders, they’re…

Take the jolt out of Manitoba’s excess power generation

Manitoba Hydro should look for ways to increase domestic demand by displacing non-renewable energy consumption

Take the jolt out of Manitoba’s excess power generationThe world’s economy continues to grow every year by between two and four per cent. From when civilization began 5,000 years ago, the production of energy remains an important factor to continued growth. In these environmentally conscious times, efforts are intensifying to reduce energy consumption and switch to renewable resources. Manitoba is in a very…

It’s time to sell SaskPower

This Crown corporation’s long-term future is safest in private, rather than public, hands

It’s time to sell SaskPowerBy Dónal Gill Research Associate Frontier Centre for Public Policy The Frontier Centre for Public Policy recently released Running Hard to Adapt in a Dangerously Fast-Changing Industry by Ian Madsen, a senior policy analyst with the centre. The paper conducts an in-depth valuation and strategic appraisal of SaskPower, using an intrinsic value method and market-based…

CMHC nudging more aggressively into housing market

The risk of housing price declines piles onto the risk CMHC already takes on when insuring mortgages

CMHC nudging more aggressively into housing marketCanada’s federal government will soon participate in the property bubble in a direct, equity-owning way through its new First-Time Home Buyer Incentive. But the merits of the program are questionable. Since the end of the Second World War, it’s been federal government policy to help low-income would-be home buyers via Canada Mortgage and Housing Corp.…

The case for privatizing Canada Post

Proceeds from the sale of Canada Post can be used to offset projected federal budget deficits

The case for privatizing Canada PostThe digital revolution has altered Canada Post Corp.’s bottom line. The shift toward e-mail has resulted in a decline in mail volumes. Parcel volumes, however, are increasing owing to fast growing e-commerce. Canada Post is struggling to keep up with these changes and this failure will cost Canada Post more than $1 billion by 2020.…

B.C. government should get out of the insurance business

ICBC represents an asset to the provincial government, which faces deficit problems

B.C. government should get out of the insurance businessThe Insurance Corp. of British Columbia (ICBC) has recently suffered significant losses. These losses have been offset by transfers from its optimal business. But without transfers, the basic business capital would have fallen below the regulatory minimum. Even worse, optimal business has also suffered a loss. ICBC is a Crown corporation managed by the province…

Has Saskatchewan Government Insurance outlived its purpose?

A private insurance corporation would be better suited to take on any risk, instead of leaving taxpayers to bear losses

Has Saskatchewan Government Insurance outlived its purpose?Many Crown corporations created long ago are showing signs that they’re no longer appropriate for life in evolving competitive markets. Saskatchewan Government Insurance (SGI) may be one that’s outlived its purpose of providing vehicle insurance to Saskatchewan drivers. SGI is the monopoly owned by the government of Saskatchewan. SGI Auto Fund has provided motor vehicle…