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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. 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.” ...

3. 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 ...

4. 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 ...

5. 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 ...

6. 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) ...