Deficits & Debt

— Jan 16, 2020
Printer-friendly version
The Growing Debt Burden for Canadians

The Growing Debt Burden for Canadians finds that, since 2007/08, the year before the last recession, combined federal and provincial debt has grown from $837.0 billion to a projected $1.5 trillion in 2019/20. The study also breakdowns provincial debt burdens based on several different measures.

— Jan 7, 2020
Printer-friendly version
Prime Ministers and Government Spending: 2020 Edition

Prime Ministers and Government Spending, 2020 finds that Prime Minister Justin Trudeau has now recorded the highest ever per-person spending level of any federal government, including those that fought wars or faced recessions. Adjusting for inflation, the study finds that spending in 2019 ($9,066 per Canadian) tops the previous all-time record of $8,811 (in 2019 dollars) set by Prime Minister Stephen Harper in 2009 during the global recession.

— Oct 10, 2019
Printer-friendly version
The Costs of Slow Economic Growth: Collected Essays

The Costs of Slow Economic Growth finds that from 2011 to 2018, Canada experienced an annual economic growth rate of 2.17 per cent. But that an annual rate of 3 per cent would spur an approximately $45,000 increase in Canada’s per-person income after 20 years.

— Aug 30, 2019
Printer-friendly version
Spending Beyond Our Means:  Addressing the Root Cause of Alberta’s Deficit

Spending Beyond Our Means: Addressing the Root Cause of Alberta’s Deficit finds that the Alberta government spends 18.5 per cent more (per person) than the British Columbia government, and more than every large province in Canada including Quebec and Ontario.

— Aug 20, 2019
Printer-friendly version
Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995?

Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995? finds that the federal government risks repeating the mistakes of the mid-1960s to mid-1990s—when Ottawa repeatedly ran deficits and racked up massive amounts of debt—that nearly led to a currency and debt crisis in Canada.

— Aug 13, 2019
Printer-friendly version
Lessons from the Lone Star State: Comparing the Economic Performance of Alberta and Texas

Lessons from the Lonestar State: Comparing the economic performance of Alberta and Texas finds that Alberta’s annual unemployment rate was lower than the Texas rate every year from 2004 to 2014. But after the 2014 drop in oil prices, the situation reversed, with Texas enjoying a lower annual unemployment rate—in some years, a much lower rate—than Alberta. For example, Alberta’s unemployment rate peaked at 7.2 per cent in 2016 while the Texas rate stayed below 5 per cent from 2014 to 2018.