Given the growing frequency and intensity of severe weather events around the world, like hurricanes, wildfires, floods and violent storms, households have had to make increasingly costly home insurance claims. Canada has not been spared; it even saw a record year for damages in 2024, caused particularly by flooding in Quebec and Ontario, and by wildfires and a hailstorm in Alberta. Consequently, insurers in Canada and abroad have raised premiums, tightened underwriting standards or withdrawn...| HillNotes
This HillStudy consists of a series of questions and answers intended to provide a better understanding of economic statistics and federal government finances.| HillNotes
This HillNote is the first in a series of four publications about productivity. The second in the series presents Canada’s productivity performance compared to other advanced economies. The third analyzes the main potential causes of Canada’s relatively low productivity growth, and the fourth analyzes the principal potential solutions.| HillNotes
One of Parliament’s fundamental roles is to review and approve the government’s taxation and spending plans. To fulfill this role, parliamentarians follow the parliamentary financial cycle, which consists of a continuous loop of activities that take place throughout the calendar year. Because the federal government’s fiscal year begins on 1 April and ends on 31 March, activities that take place during a single calendar year may relate to different fiscal years.| HillNotes
Domestically, discussions about Canada’s defence spending are generally focused on the Department of National Defence (DND), including the Canadian Armed Forces (CAF).However, in reporting their defence spending to the North Atlantic Treaty Organization (NATO, or the Alliance), Canada and other NATO member states can also include expenditures relating to other departments and agencies.Moreover, calculations of defence spending as a percentage of gross domestic product (GDP) vary, depending ...| HillNotes