Search

Search results

  1. 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 ...

  2. Wishful Thinking: An Analysis of Ontario’s Timeline for Shrinking Its Debt Burden

    Since 2007/08, Ontario’s level of public debt has approximately doubled. As a result, the provincial debt-to-GDP ratio has climbed to historically high levels in recent years. In its 2017 budget, Premier Wynne’s government presented a timeline for ...

  3. 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 ...

  4. Moving Targets: Re-estimating Federal Deficits and Debt-to-GDP through 2020/21

    The federal government has repeatedly shifted the goal posts on its own “fiscal anchors.” This bulletin examines the robustness of the current “fiscal anchor” to reduce the debt-to-GDP ratio by the government’s first mandate. The 2016 federal budget ...

  5. Debt Accumulation in Ontario Compared to Other Provinces

    A recent Fraser Institute study showed that Ontario’s provincial government has accumulated debt rapidly in recent years. In fact, Ontario has acquired more than half of its nearly $300 billion net debt (a measure that adjusts for financial assets) since ...

  6. Ontario’s Debt Balloon: Source and Sustainability

    The Ontario government’s net debt has expanded from 28% of the provincial economy in 2008/09 to an expected 40% in 2014/15. This represents an increase of over $117 billion or $7,800 more debt per On-tarian. The debt-to-GDP ratio is now much higher than ...

  7. Quebec's Government Indebtedness- Unnoticed, Uncontrolled

    Quebec is Canada’s most indebted province. It currently has the largest government debt of any Canadian province when measured relative to the size of its economy (GDP). This dubious distinction and its implications for the Quebec economy, the government, ...