Why Government Intervention in the Economy is Necessary

Capitalism drives innovation. There is almost no doubt in that statement, considering today most of the world lives in one system or another that thrives based on some version of a “free market.” It would be foolish however to also ignore the great costs that these systems bring. When profit is the motive, firms don’t…

Crisis Indicators are Returning: Is Canada’s Economy in Danger?

Canadian housing has raised at incredible and uncontrollable speeds in recent years. This spike in housing prices has become problematic for cities like Vancouver, British Columbia, where it is so unaffordable that there are empty houses while tens of thousands are left without a place to live. Not only that, but if the economy declined…

Why We Shouldn’t Care About The Dow Crashing

One cannot say no one saw this coming. The headlines, however, were alarmist as ever. The source of their doomsday tone: on Monday of this week, the DOW Jones index tumbled over 1,100 points in the United States’ biggest one-day stock fall since 2011. After weeks of boasting stock markets that were “smashing one record…

Why Amazon HQ2 is Bad News For Toronto

In 2017, online retail giant, Amazon announced it’s intention to open a second headquarters in North America. This was met by a massive influx of responses as cities across the United States and Canada vied to declare their interest in the project. Some of whom, even included huge tax write-offs in their proposals to sway…

The Two Roads of the United Kingdom

With the Brexit referendum in 2016, the United Kingdom has changed. The prime minister David Cameron resigned immediately after the results of the vote, having the party choose Theresa May as his successor. She then held an early general election in the hopes of having more control for their exit from the European Union but…

Universal Basic Income- Does it Really Work?

As the world continues to change there are many big ideas floating around within the political scene. When talking about economics, one big buzzword has been continuously popping up in both far left and right media outlets – universal basic income. In the simplest sense, universal basic income is when a government gives a set…

Fintech: The Future of Finance

The term financial technology, which evolved by the end of the first decade of the 21st century, refers to any technological innovation in the financial sector. This includes automation softwares in the financial industry such as trading, investing, and retail banking, and mobile technologies that facilitate people’s everyday lives. New financial technologies have just started…