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New federal government can't continue debt binge
The new Liberal minority government should develop a credible plan to balance the budget and stop debt accumulation. ...
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Ottawa must exercise more control over borrowing and spending
If this happens, interest payments on the federal debt would rise by nearly 60 per cent. ...
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Trudeau government spending large on Canada’s credit card
Federal program spending in 2021/22 is $54.4 billion higher than planned in November 2020. ...
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Canadians will pay for Trudeau government’s record spending
Ottawa ran budget deficits worth a total of $94.1 billion from 2015/16 to 2019/20. ...
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Alberta’s woes threaten Canada’s finances from coast to coast
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province. ...
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Federal and provincial government debt mounting quickly in Canada
Due to persistent budget deficits in the decade following the 2008 recession and, more recently, the economic effects of COVID-19, government debt is rising rapidly across Canada. Hence, as budget season looms, it’s especially important ...
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Trudeau government’s approach to federal finances anything but ‘prudent’
Appeared in the National Newswatch, December 2, 2020 Since coming to power in 2015, Prime Minister Trudeau —and his finance ministers —have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and ...
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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.” ...
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Federal finances remain vulnerable to fluctuating interest rates
Appeared in Calgary's Business, August 20, 2020 There’s been a lot of movement in Ottawa lately, including Bill Morneau’s resignation as federal finance minister, with Chrystia Freeland taking his place. Unfortunately, the Trudeau government’s recent ...
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The finance minister said what? Part 5
On July 8, Finance Minister Bill Morneau delivered the federal government’s economic and fiscal “ snapshot,” which pins the federal deficit at $343 billion in 2020. The finance minister lauded (yet again) that the government’s fiscal ...