recession

10:16AM
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Ontario budget deficit likely larger than forecast

The Ford government projected a deficit of $20.5 billion for 2020-21.


10:12AM
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It’s easier for governments to increase spending than bring it back down

Governments can find themselves at a new baseline spending level far in excess of revenues.


10:05AM
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Trudeau government ‘wage subsidy’ increases uncertainty for workers and businesses

The subsidy will be available for businesses that can show a 30 per cent decline in revenue.


11:48AM
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Don’t shoot the financial-market messenger

Financial markets are responding to an induced recession.


10:57AM
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Ford government should exercise prudence in these volatile times

Ontario's net debt is set to hit $354 billion this year.


9:55AM
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More bad news for federal finances—even worse if recession hits

The deficit is now pegged at $26.6 billion for 2019/20—$6.8 billion more than originally planned in last spring's budget.


8:15AM
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Trudeau government spending has increased risk of trouble if recession hits

If the conditions of the 2008-09 recession were repeated, the annual deficit would skyrocket to $120.5 billion.