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Federal budget an opportunity for Ottawa to change big spending ways
Since coming into office, Prime Minister Justin Trudeau’s government has markedly increased spending, contributing to larger-than-promised budget deficits with no end in sight. Next week’s federal budget is an opportunity to change ...
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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) ...
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Government debt a more pressing concern than household debt in Canada
The recent interest rate hike by the Bank of Canada has renewed concerns over household debt and the ability of Canadians to manage rising debt service costs, given that household debt has reached record levels. However, as a recent ...
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Two federal budgets, one problem—spending
It’s federal budget season in Canada and the United States, with a common feature—fiscal planning driven by aspirations. Both federal governments plan major expenditure increases designed to promote objectives that, in the end, will ...
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Spending cuts impose less economic damage than tax hikes
Among Ottawa and the 10 provinces, eight governments are currently in deficit, spending more than the revenues they collect. As Canadian governments seek to eliminate their budget deficits, they should take note of a new study by a group ...