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Canada’s Past Fiscal Leaders Are Now Fiscal Laggards: An Analysis of 2017 Provincial Budgets
Around the turn of the 21st century, Alberta and Ontario could both boast of having comparatively sound public finances relative to most other provinces. In recent years, however, serious fiscal problems have emerged in both provinces. Alberta and Ontario ...
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Alberta’s run of deficits tower over Ontario’s worst
Appeared in the Financial Post, May 30, 2017 Over the past decade, Ontario emerged as the poster child for poor fiscal management in Canada, due largely to the province’s deep run of deficits. However, thanks to a decade of rapid spending growth and ...
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Race to the Bottom: Comparing the Recent Deficits of Alberta and Ontario
Alberta’s public finances are deteriorating rapidly, with the provincial government set to run a cumulative budget deficit of $27.6 billion over the three-year period from 2015/16 to 2017/18. Until recently, by far the largest deficits of any ...
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Dear Alberta, please don’t make the same mistakes we did in Ontario
Appeared in the Ottawa Sun, August 30, 2016 Alberta recently released its first quarter fiscal update, which showed that the province’s budget deficit this year will be even bigger than expected, weighing in at $10.9 billion. The grim headlines and eye ...
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Alberta poised to outdo Ontario on budget deficits
Appeared in the Financial Post, August 24, 2016 A recent analysis from the federal government compared the economic damage done to Ontario’s auto sector during the financial crisis to the damage done to Alberta’s energy sector during the recent stretch of ...