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Government debt—a snapshot of each province
The 2018 edition of the Federal Fiscal Tables is out, so it’s a good time to review the state of provincial government debt in Canada, especially given that we are about 10 years out from the financial crisis and Great Recession. Even ...
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The Alberta government’s response to the downturn is the real cause for alarm
In the wake of the resource-sector downturn, Alberta’s economy has been taking a beating and we’ve been inundated by headlines as to how bad things are. Among the recent items: unemployment is up, consumer debt is up, GDP is shrinking ...
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A brief fiscal history of Alberta government finances
Alberta’s NDP government is expected to announce a deep budget deficit in the fall, which according to Alberta Finance Minister Joe Ceci (pictured above) is supposed to fund additional infrastructure spending and bolster GDP. Indeed, the ...