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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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Federal and Provincial Debt-Interest Costs for Canadians
In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are ...
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The Growing Debt Burden for Canadians: 2021 Edition
Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments recently. Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has doubled from $1.0 trillion to a ...
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Government debt—the burden on Albertans continues to grow
At quick glance, you might think Albertans are fortunate to have a relatively low provincial debt burden. But that’s an incomplete and perhaps misleading story. In reality, the debt burden for Albertans is growing quickly. Of course, the ...
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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) ...