Since the Liberals’ first forecast in 2015, expected GDP for 2017 has dropped by $62 billion or $1,700 per Canadian.
federal government debt
The Trump administration is negotiating tax reform that could make the U.S. much more attractive for investment and skilled workers.
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.
Over the next five years, the federal government will add at least $113 billion in new debt with no plan for a balanced budget.
Ottawa has hiked taxes on Canada’s most skilled and educated workers.