recession

9:39AM
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Contrary to what the finance minister says, federal finances are vulnerable

According to recent estimates, the government won’t achieve a balanced budget until 2045.


9:21AM
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Government debt and the next recession

Over a ten-year period, Canada’s general government gross debt rose from 69 per cent to 87 per cent.


3:54PM
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The two biggest automatic stabilizers from Ottawa are income taxes and employment insurance payments.


3:48PM
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A phrase heard almost hourly at the conference was “this time is different.”


3:30AM
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Canada raised tariffs in the 1930s and sunk into the Great Depression.


3:00AM
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In the story, the government makes owning gold illegal and confiscates all gold coins and jewelry.

3:00AM
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Though Canada escaped lightly from the last crisis, we may not be so fortunate in the future.

11:48AM
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In his book, the former Federal Reserve chairman confesses that the Federal Reserve and the Treasury Department were powerless to prevent Lehman Brothers from failing.