Executive Summary
Assessment and Recommendations
Chapter 1. Adapting to New Terms of Trade, Ageing, and Climate Change
-The Real Income Gap and its Sources
-Adjusting to the Global Terms-of-Trade shock via Structural Shifts
-Closing the Productivity Gap via Physical and Human Investments
-Assuring Sustainable High Performance: Key Roles for the Agriculture and Energy Sector
-The Reform Agenda
-Annex 1.A1. Progress in Structural Reform
Chapter 2. Macroeconomic Policies for the End of a Boom Cycle
-The Economic Situation and Outlook: A Period of Heightened Risk
-Monetary Policy has thus far Successfully Navigated the Numerous Shocks Experienced
-Fiscal Policy Remains on a Prudent Course
Chapter 3. Tax Reforms for Efficiency and Fairness
-Main Tax Trends
-Issues in Business Tax Competition
-Issues in Personal Taxation - Balancing Efficiency and Equity
-Tax Issues in Fiscal Federalism
-The Direction for Tax Reform
Chapter 4. Achieving Long-Term Sustainability of the Energy Sector
-The Energy Sector is a Growing Part of the Economy
-Concerns about the Sustainability of Current Oil Sands Developments are Growing
-The Management of Non-Renewable Resources Should Be Improved
-Curbing GHG Emissions is a Major Concern over the Long Term
-Moving the Energy Mix toward Low or Zero-GHG Emisssions Sources
-Adapt Taxation and Regulation
-Conclusions and Recommendations
Chapter 5. Modernising Canada's Agricultural Policies
-An Overview of Canada's Agricultural Sector
-Exposing Dairy, Eggs, and Poultry to Market Forces
-Liberalising the Marketing Monopolies - Implementing Marketing Choice
-The Agricultural Policy Framework and Beyond
-Rising to Agriculture's Environmental Challenges
-Policy Recommendations