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Ottawa’s ballooning debt and deficits should be major campaign issue
Canada has the fifth-highest level of total government debt among 29 industrialized countries. ...
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Trudeau government should heed looming risks to federal finances
Appeared in the Globe and Mail, October 23, 2020 The federal government along with several prominent economists have downplayed the near-term risks to federal finances. Some have actually characterized Ottawa’s financial position as basically “ sound.” ...
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Canada’s federal finances at risk—repeating mistakes of the past
Appeared in the Daily Gleaner, August 29, 2019 The latest economic news from the United States foreshadows recession. Recently, the U.S. stock market had its worst day in 2019, plunging 800 points. The bond market is showing weakness with short-term ...
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NDP must clarify how it will pay for deal with Greens
Appeared in the Vancouver Sun, June 17, 2017 The power-sharing deal struck by the NDP and Green Party means British Columbians could soon see an NDP minority government propped up by Green Party support. But if NDP Leader John Horgan becomes premier, the ...
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Alberta’s run of deficits tower over Ontario’s worst
Appeared in the Financial Post, May 30, 2017 Over the past decade, Ontario emerged as the poster child for poor fiscal management in Canada, due largely to the province’s deep run of deficits. However, thanks to a decade of rapid spending growth and ...
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Another broken promise—federal government ditches latest fiscal pledge
By 2019/20, Canada’s debt-to-GDP ratio is forecasted to be 31.5 per cent. ...
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What does the federal budget mean for Ontario?
Appeared in the Toronto Sun, March 29, 2017 Last week, the Trudeau government released its 2017 budget. So what are the most important takeaways for Ontarians? Firstly, something we’re very familiar with in this province—growing government debt. The ...
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Budget 2017 spells end of the Chrétien Consensus?
Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased. ...
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Saskatchewan has a plan to balance its budget, Alberta doesn’t
Appeared in the Calgary Sun, March 27, 2017 Alberta and Saskatchewan are energy-rich jurisdictions that fell on hard times as commodity prices fell. And both jurisdictions face significant fiscal challenges, with large budget deficits and substantial debt ...
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Ontario taxpayers on the hook for billions in government debt interest
Appeared in the Toronto Sun, January 25, 2017 Readers of this page are likely familiar with the growth of the Ontario’s government debt, which approximately doubled over the past decade and is expected to reach $318 billion this year. It’s important to ...