Professor Jean-Paul Lam was interviewed by Maclean's Magazine this week to discuss the potential dangers with car loans. Over the last 10 years, Canada's car loan debt has increased to over $120 billion - with a notable spike since the 2008 financial crisis.
Read the full article below for contributing factors to this trend and the possible risks in the near future.
Think Like a Canadian Economist, the new video series hosted by the Institute of Research in Public Policy (IRPP), features a short piece by Professor Ana Ferrer. Titled "The value of a university education", this episode takes a look at the short term investment and the long term gains of post-secondary education.
The University of Waterloo’s Jean Paul Lam suggests that Ontario's plans to eliminate its deficit by 2017-2018 will require further cuts in spending and the selling off of more crown corporations. He states that the budget fails to address the aging demographic in Ontario, which will lead to increased pressure in health care spending and a reduced potential for future growth.
On March 5, 2015, Nobel laureateEdmund S. Phelps visited UWaterloo to give a public lecture about grassroots innovation.
Phelps was awarded the Nobel Memorial Prize in Economic Sciences in 2006. His latest publication, Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change has received wide-spread recognition.