More than six years after the recession of 2008-09, eight out of 10 provinces (including Alberta, which released its budget yesterday) are currently in deficit, and the newly formed federal government has committed to falling back into deficit.
debt and deficit
Octobre 7, 2015
12:41PM
With a relatively weak Canadian economy, depressed commodity prices and the myriad of international economic issues (i.e. uncertainty in China), federal parties should offer solutions to the economic storm clouds on the horizon.
Septembre 11, 2015
10:12AM
These days, we economists tend to be very optimistic about the future, certainly compared to the ghastly visions of environmentalists and others.
Mars 28, 2015
7:00AM
With tumbling oil prices and resource revenues, Premier Jim Prentice had a choice when he delivered Alberta’s 2015 budget. He could emulate former premier Don Getty and raise taxes or follow the Ralph Klein playbook and reduce spending.
Février 18, 2015
12:00PM
Against the backdrop of a sluggish and uncertain economy, B.C. Finance Minister Mike de Jong unveiled a largely status quo budget on Tuesday.
Février 5, 2015
9:30AM
Many Ontarians have likely heard a horror story or two about their government’s growing debt and the resulting strain on public finances. You can’t blame them. Sources of evidence abound.
Février 2, 2015
4:00PM
Ontario’s provincial government wants a balanced budget for the 2017-18 fiscal year, and Finance Minister Charles Sousa is adamant that Ontario will reach that goal.
Novembre 18, 2014
10:00AM
There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances.
Avril 3, 2014
2:00AM
Imagine receiving a credit card bill that totaled $243,476. This would no doubt be a shock for most Canadians. But if you add up all the liabilities of every Canadian government "federal, provincial, and local" that is in fact how much each taxpayer would owe of the $4.1 trillion total in direct debt and unfunded liabilities.
This admittedly is a very large number and much bigger than what is usually talked about by both politicians and pundits alike. So let's deconstruct it to gain a better understanding.