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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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Canada’s federal finances at risk—repeating mistakes of the past
Appeared in the Daily Gleaner, August 29, 2019 The latest economic news from the United States foreshadows recession. Recently, the U.S. stock market had its worst day in 2019, plunging 800 points. The bond market is showing weakness with short-term ...
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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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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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Another broken promise—federal government ditches latest fiscal pledge
By 2019/20, Canada’s debt-to-GDP ratio is forecasted to be 31.5 per cent. ...
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Budget 2017 spells end of the Chrétien Consensus?
Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased. ...
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Liberal spending increases drive big deficits, not a weak economy
Appeared in the Financial Post, March 29, 2016 In advance of tabling their first budget, the Liberals conveyed a message that deteriorating government finances were the result of a weak economy. The reality of the budget is quite different from the ...