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  1. Ottawa’s ballooning debt and deficits should be major campaign issue

    Canada has the fifth-highest level of total government debt among 29 industrialized countries. ...

  2. Deficits for 50 years—a plan fraught with risks and consequences

    The Trudeau government plans to implement new spending programs including national childcare and pharmacare. ...

  3. B.C. budget lacks effective plan for finances and economy

    Program spending is projected to increase from pre-pandemic levels by 15.2 per cent in 2021/22. ...

  4. Nova Scotia budget shows debt accumulating at rapid pace

    The string of deficits will increase Nova Scotia’s government debt by nearly 40 per cent from 2019/20 to 2024/25. ...

  5. 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.” ...

  6. Expanding government won’t help Canada’s recovery

    Enough signals have been sent by the federal government over the last few weeks for Canadians to formulate reasonable expectations about the upcoming throne speech next month and what might be included in the government’s plan for ...

  7. Ottawa has a big spending problem

    As the dust settles from Monday’s federal economic and fiscal update, it becomes ever more apparent that Ottawa does not have a revenue problem but a massive spending problem. From budgetary revenues of $332.2 billion in 2018-19, the ...

  8. Canada’s federal finances at risk—repeating mistakes of the past

    Appeared in the Daily Gleaner, August 29, 2019 The latest economic news from the United States foreshadows recession. Recently, the U.S. stock market had its worst day in 2019, plunging 800 points. The bond market is showing weakness with short-term ...

  9. Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995?

    From 1965 to 1995, the Canadian federal government repeatedly ran deficits, accumulating debt, a habit that culminated in the near crisis of the mid-1990s. After a period of reform beginning in 1995, Canada returned to deficits in 2008/09. While ...

  10. Ottawa’s net debt projected to hit $859 billion by 2023-24

    With a federal election coming in the fall, the absence of policy debate on the federal debt is disappointing. Since 2013-2014, the interest-bearing debt of the federal government has increased from $904 billion to $1.025 trillion, a 13 ...