Since the Liberals’ first forecast in 2015, expected GDP for 2017 has dropped by $62 billion or $1,700 per Canadian.
canadian economy
The Trump administration is negotiating tax reform that could make the U.S. much more attractive for investment and skilled workers.
Capital gains tax revenue from individual Canadians amounts to $4.3 billion each year.
Governments in Edmonton, Toronto and Ottawa have markedly increased government spending.
The Liberals will finance almost all of the new spending with borrowed money, resulting in an expected deficit of $27.8 billion this year.
As the prime minister tours the country, he can see how his policies are making things worse—not better.
In the U.S., we've seen more regulation, more constrained labour markets, higher taxation and less economic freedom.
This week’s 2016 Economic Statement cut average growth to 1.7 per cent over the next five years.