debt and deficit

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Canada’s defence spending has been below 2 per cent of GDP since 1989.


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This year, Ontario’s debt is expected to climb by $10 billion.


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Ontario’s debt is expected to rise by approximately $34 billion over the next three years.

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With an election on the books for June 2018, the pressure will build for new spending.

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Ontario’s top marginal tax rate is 53.5 per cent, among the highest rates in the developed world.

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Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased.


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The lowest interest rates since the 1960s have led governments to believe that they can run deficits and still be fiscally responsible.

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By 2022, the Trudeau government will have accumulated approximately $130 billion in deficits.