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State of federal finances worse than previously thought
The latest federal budget showed that public finances are in poor shape and Ottawa is ill-prepared for a possible economic recession. But a recent Parliamentary Budget Office report suggests the situation may be worse than the government ...
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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) ...
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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 ...