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1. COVID-19 isn’t the only reason for our mega-deficit

   Appeared in the Financial Post, July 8, 2020 Today, the Trudeau government presents a “snapshot” of federal finances that’s likely to blame this year’s historic federal deficit on COVID-19 and the recession. But that’s only part of the story. The federal ...

2. Getting political responsibility right in times of crises

   More often than not, politicians are given too much credit for both economic expansions (i.e. prosperity) as well as recessions. That’s not to say that policies don’t matter because they do. But the idea that a politician or government ...

3. Trudeau government spending has increased risk of trouble if recession hits

   Appeared in the National Post, August 20, 2019 There are increasing signs of a U.S. recession in the near future, which would inevitably affect Canada’s economy. The U.S. stock market continues to show increased volatility with an 800-point decline ...

4. Contrary to what the finance minister says, federal finances are vulnerable

   According to recent estimates, the government won’t achieve a balanced budget until 2045. ...

5. Federal Deficits and Recession: What Could Happen

   There are serious financial risks associated with running deficits during times of positive economic growth. One of the principal risks is that the budget cannot be balanced regardless of economic conditions because a permanent imbalance between how much ...