To make matters worse, Alberta recently received its third credit downgrade since December.
Blog - Fraser Forum
Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
The estimated time to clear the backlog has been reduced from 24 months to 15 months.
The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
Alberta will reduce its corporate income tax rate to 8 per cent.
Ontario entered this recession with an already elevated government debt burden.
Trudeau government—and provincial governments across Canada—can learn from past fiscal consolidations
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
Blog series part 2—Incomes, overall income economy grew more slowly under Liberals than before 2008-09 recession
Excluding residential investment, business investment dropped 17.3 per cent.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
The government increased income taxes for more than 80 per cent of middle-income families.
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