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  1. 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. ...

  2. 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.” ...

  3. Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995?

    From 1965 to 1995, the Canadian federal government repeatedly ran deficits, accumulating debt, a habit that culminated in the near crisis of the mid-1990s. After a period of reform beginning in 1995, Canada returned to deficits in 2008/09. While ...

  4. No mistaking it now—the federal government has no interest in balancing the budget

    If there were any lingering doubts about the federal government’s commitment to balance the budget in the near term or next year as they originally promised, they should be put to rest with the release of the fall economic update on ...

  5. Federal government doesn’t seem to recognize the hole it’s digging

    If you were already worried about the Trudeau government’s persistent increases in government spending and debt, then today’s Fall Fiscal Update will only compound your concerns. But for those not already anxious about the state of ...

  6. Canada’s federal deficits would be much worse without Alberta

    The prevailing narrative surrounding the post-2008 recovery in Canada is that the country weathered the storm significantly better than the United States, and has emerged in relatively strong fiscal shape (though certainly not unscathed) ...

  7. Government debt a more pressing concern than household debt in Canada

    The recent interest rate hike by the Bank of Canada has renewed concerns over household debt and the ability of Canadians to manage rising debt service costs, given that household debt has reached record levels. However, as a recent ...