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1. It’s official—Canada’s finances are now unsustainable

   The PBO report should be a wakeup call for policymakers. ...

2. Interest on federal debt—a growing problem

   Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21. ...

3. 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. ...

4. 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 ...

5. Making sense of Canada’s $381.6 billion federal budget deficit

   The Trudeau government this week published its fall fiscal update for 2020. The headline-grabbing number emerging from the report was the government’s forecasted budget deficit for the year—$381.6 billion. As is often the case when it ...

6. Ontarians—today and in the future—will pay the price for Ottawa’s debt

   At the end of fiscal year 2019, Ontario’s provincial government debt stood at $355 billion. For context, that’s more than $24,000 per Ontarian. With the COVID recession, this debt will grow further. Scotiabank Economics estimates a $36 ...

7. Trudeau budget more bad news for Ontario

   Appeared in the Ottawa Sun, March 20, 2019 Yesterday, the Trudeau government tabled its budget for the 2019/20 fiscal year. And next year’s federal deficit will once again eclipse the $10 billion limit promised on the campaign trail, with no near-term ...

8. Despite brisk economic growth, Ontario continues to rack-up debt

   Appeared in the Ottawa Sun, November 1, 2017 After a lengthy period of sluggish growth, Ontario’s economy has finally started to pick up steam. Which is good news for Ontario. And good news for Canada. Ontario represents about 40 per cent of the national ...