Deficits & Debt

— Oct 10, 2019
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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
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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
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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
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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.