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1. Canada’s spending and deficits higher than comparable countries during pandemic

   Governments around the world have significantly ramped up spending due to the COVID-19 recession. However, recent data from the International Monetary Fund’s semi-annual fiscal monitor reveals that Canada has largely outpaced other ...

2. Getting political responsibility right in times of crises

   More often than not, politicians are given too much credit for both economic expansions (i.e. prosperity) as well as recessions. That’s not to say that policies don’t matter because they do. But the idea that a politician or government ...

3. Fiscal Policy and Recessions: The Role of Public Infrastructure Spending

   Governments are often encouraged to respond to economic downturns by way of discretionary spending measures intended to stimulate growth, offsetting the negative impacts of reduced private sector activity. In recent decades, governments have placed ...

4. Trudeau government spending has increased risk of trouble if recession hits

   Appeared in the National Post, August 20, 2019 There are increasing signs of a U.S. recession in the near future, which would inevitably affect Canada’s economy. The U.S. stock market continues to show increased volatility with an 800-point decline ...

5. What Happens to the Federal Deficit if a Recession Occurs in 2019?

   In its latest fiscal update, the Trudeau government revealed that it intends to continue running sizeable budget deficits for the foreseeable future. There are several risks inherent in the federal government’s current approach to fiscal policy ...

6. Federal Deficits and Recession: What Could Happen

   There are serious financial risks associated with running deficits during times of positive economic growth. One of the principal risks is that the budget cannot be balanced regardless of economic conditions because a permanent imbalance between how much ...