Federal, provincial and local governments spent more than $352 billion subsidizing firms from 2007 to 2019.
Canada is expected to record the lowest level of growth in living standards among 32 industrialized countries.
Barriers to competition limit the incentives of firms to innovate, cut costs and expand their activities.
The province's median income increased by just 5.4 per cent—less than half the overall growth rate across Canada.
When spending is financed by large deficits, it can fuel inflation or impede economic growth.
The budget speech never mentioned the word “entrepreneurship."
Between 2016 and 2019, the Trudeau government recorded average economic growth of 2.1 per cent compared to 4.6 per cent during the Chrétien years.
According to the OECD, Canada has the weakest prospects for per-person GDP growth between 2020 and 2060 among 17 countries.