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The real election losers—balance sheet, health care, federalism
On health-care wait times, Canada consistently ranks lowest among comparable countries with universal health care. ...
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The Lifetime Tax Burden for Canadians from Federal Debt Accumulation
Federal debt has risen substantially during the COVID-19 pandemic and is projected to continue rising for the foreseeable future. Large deficits come with costs and Canadians will have to pay for our borrowing today through additional taxation ...
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Trudeau rhetoric can’t change Canada’s fiscal reality
Due to federal tax changes, 61 per cent of low-income families face higher personal income taxes. ...
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Freeland doubles down despite dismal pre-COVID economic numbers
The Trudeau government ranks last on average total household income growth. ...
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Federal government’s spending rationale based on misleading debt picture
Canada has the fifth-highest level of total indebtedness (relative to the size of our economy) among 29 industrialized countries. ...
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Caution Required When Comparing Canada’s Debt to that of Other Countries
The federal government continues to rationalize its debt-financed spending based on international comparisons showing Canada with the lowest level of debt in the G7. Of the two broad measures of debt, gross debt includes most forms of debt while ...
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Trudeau government’s approach to federal finances anything but ‘prudent’
Appeared in the National Newswatch, December 2, 2020 Since coming to power in 2015, Prime Minister Trudeau —and his finance ministers —have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and ...
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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.” ...
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Federal finances remain vulnerable to fluctuating interest rates
Appeared in Calgary's Business, August 20, 2020 There’s been a lot of movement in Ottawa lately, including Bill Morneau’s resignation as federal finance minister, with Chrystia Freeland taking his place. Unfortunately, the Trudeau government’s recent ...
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To avoid fiscal crisis, Trudeau government must learn from history
Canada’s near-debt crisis in the early 1990s showed what happens when governments ignore and continually defer meaningful action to address ongoing fiscal problems—namely, excessive spending, deficits and debt. Worryingly, the Trudeau ...