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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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Federal debt accumulation will disproportionately burden younger Canadians
Over a two-year span, Ottawa is expected to add more than $500 billion in federal debt. ...
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Interest on federal debt—a growing problem
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21. ...
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The evolution of federal debt interest costs in Canada
The federal government has seemingly ditched the debt-averse approach that largely prevailed in Ottawa since the mid-1980s. ...
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Trudeau government poised to embrace much more federal debt
Starting in the mid-1980s, Canada’s federal fiscal policy focused heavily on trying to limit the accumulation of debt and push down (or at least prevent) growth in Ottawa’s debt-to-GDP ratio. To achieve this objective, successive ...
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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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Governments betting on low interest rates may experience rude awakening
Governments in Canada and around the world have run large budget deficits and greatly added to their debt loads due to their pandemic response and the accompanying economic downturn. Moreover, they are poised to add even more debt in ...
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Federal finances ‘careening downhill’ fast
It has now been nearly a week since federal Finance Minister Chrystia Freeland released the fall economic statement (FES). After a suitable period of digestion, it’s still unclear where exactly federal finances are heading aside from very ...
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Canada’s fiscal situation near crisis levels
As the pandemic continues, Ottawa and the provinces have embarked on a fiscal cruise whose ultimate port of destination is not necessarily a safe harbour. With an estimated federal deficit of more than $343 billion for 2020-21 combined ...