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The finance minister said what? Part 4
Federal Finance Minister Bill Morneau (pictured above) appeared this weekend on CTV’s Question Period to present the government’s case for its economic and fiscal policies, which were reflected in the fall economic update released last ...
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No mistaking it now—the federal government has no interest in balancing the budget
If there were any lingering doubts about the federal government’s commitment to balance the budget in the near term or next year as they originally promised, they should be put to rest with the release of the fall economic update on ...
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Federal government doesn’t seem to recognize the hole it’s digging
If you were already worried about the Trudeau government’s persistent increases in government spending and debt, then today’s Fall Fiscal Update will only compound your concerns. But for those not already anxious about the state of ...
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Alberta’s 2018 budget—a breathtaking exercise in complacency
Yesterday, the Alberta government released its budget for the 2018/19 fiscal year. The document is essentially a status quo budget, which promises continued nominal spending growth over the rest of its fiscal plan (though more moderate ...
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Ottawa using bounty of robust growth to simply boost spending
The recently-released 2018 federal budget calls for growth in both spending and revenues. Between 2017-18 and 2022-23, total revenues are forecast to grow from $309.6 billion to $373.9 billion—an increase of 21 per cent. After a three ...
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2018 budget—another nail in the coffin of Trudeau’s balanced budget promise
While campaigning for the 2015 election, then-candidate Justin Trudeau made a commitment to Canadians, pledging three years of modest budget deficits of no more than $10 billion, with a balanced budget by the end of his first mandate in ...
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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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Ten year-end facts Canadians need to know
As we end 2017, here are 10 year-end facts Canadians should understand and consider as we enter 2018: • The total tax bill for the average Canadian family will exceed $35,000 in 2017, or 42.5 per cent of their income—more than what the ...
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B.C.’s NDP government will likely raise taxes and increase government spending
Yesterday, British Columbians finally found out who will govern the province. The NDP, led by John Horgan (pictured above) and supported by the Green Party, was given an opportunity by B.C.’s lieutenant-governor to form government. Which ...
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Federal Budget 2017—Ottawa should learn from Canada's last road to debt
The November 2016 federal economic update projected persistent deficits from 2015-16 to 2021-22. Shortly after, the Department of Finance released projections, which saw federal deficits persisting until the middle of the 21st century. ...