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New COVID spending may do more harm than good
Several businesses, particularly in the service industry, are struggling to find workers. ...
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Trudeau’s record-high spending hasn’t translated into strong economic growth
During the Trudeau period, business investment actually declined by 0.2 per cent. ...
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New federal government can't continue debt binge
The new Liberal minority government should develop a credible plan to balance the budget and stop debt accumulation. ...
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Calls for ever higher federal transfers disconnected from economic reality
Provincial transfers represented about 21 per cent of federal spending, up from 13 per cent in 1997. ...
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Spending reductions—not tax increases—key to economic recovery and budget balance
According to current projections, the federal government will not balance the budget until 2050. ...
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Prime Ministers and Government Spending: 2021 Edition
Federal program spending in 2021 will reach a projected $11,370 per person—or 18.7 per cent of the economy. ...
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Federal and provincial government debt mounting quickly in Canada
Due to persistent budget deficits in the decade following the 2008 recession and, more recently, the economic effects of COVID-19, government debt is rising rapidly across Canada. Hence, as budget season looms, it’s especially important ...
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Canada’s spending and deficits higher than comparable countries during pandemic
Governments around the world have significantly ramped up spending due to the COVID-19 recession. However, recent data from the International Monetary Fund’s semi-annual fiscal monitor reveals that Canada has largely outpaced other ...
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Spend first, ask questions later—not sustainable fiscal policy
During the first six months of the pandemic, with the effects of the lockdown hitting the economy, government revenues collapsed. Spending increased to provide quick support and relief, producing a federal deficit that reached 15 per cent ...
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Green recovery plan ignores practical limitations of government
The Trudeau government says Canada needs a “ green ” recovery plan, which may include big spending on green infrastructure, low-carbon subsidies and initiatives to create “clean” jobs. Unfortunately, the idea that the government can ...