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Trudeau government—and provincial governments across Canada—can learn from past fiscal consolidations
Introduction Prior to the COVID recession, Canada faced significant fiscal challenges. These challenges were most severe at the provincial level. For example, Ontario had run uninterrupted deficits for over a decade, while Alberta had ...
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Two fiscal freight trains hurling toward Ottawa
The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion. ...
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Federal finances vulnerable to economic slowdown due to deficits
Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20. ...
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Blame game aside, the Trudeau government should accept responsibility for its spending choices
Appeared in the Globe and Mail, July 15, 2017 On the campaign trail in 2015, Justin Trudeau's Liberals promised to hold federal deficits to $10 billion or less during their first few years in office before returning to a balanced budget in 2019/20. ...
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Prime ministers and government spending in Canada—a retrospective
As Canada celebrates its 150th birthday, it’s worthwhile to retrospectively look at the spending records of the country’s various prime ministers. The following blog discusses some important aspects of our recently released study ...