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1. Governments betting on low interest rates may experience rude awakening

   Governments in Canada and around the world have run large budget deficits and greatly added to their debt loads due to their pandemic response and the accompanying economic downturn. Moreover, they are poised to add even more debt in ...

2. Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2020

   Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...

3. Ottawa and the provinces have a big debt problem

   Appeared in the Globe and Mail, January 16, 2020 Governments across Canada will soon unveil their tax and spending plans in their 2020 budgets. This year’s budget season provides an opportunity for the federal and provincial governments to reverse the ...

4. Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2019

   Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...

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. Government debt and the next recession

   Appeared in the New Brunswick Telegraph-Journal, October 25, 2018 News from Canada’s fiscal front is not good. Government deficit and debt numbers are rising due to accounting changes made to better reflect the true nature of government liabilities. ...

7. Prime Minister Trudeau on track to set record for increasing federal debt

   Appeared in the Saskatoon StarPhoenix, October 26, 2017 Sometimes it takes years, if not decades, for a prime minister’s legacy to fully take shape. Other times it happens in much shorter order. Just two years into his first mandate, Prime Minister Justin ...

8. An Analysis of Federal Debt in Canada by Prime Ministers Since Confederation

   Over Canada’s 150-year history, prime ministers have, in various ways, helped shape the country, often leaving a legacy that affects Canadians to this day. A key aspect to any prime minister’s legacy is whether they left the federal government ...

9. Concerns over household debt in Canada are overblown

   Appeared in the Financial Post, July 18, 2017 With headlines like "Canadian household debt levels hit a record high" and dire warnings from top policymakers such as Bank of Canada governor Stephen Poloz, many Canadians may think household debt ...

10. Household Debt and Government Debt in Canada

    Canadians are regularly inundated with news stories about policy concerns over household debt. These concerns, however, can be seen to be overblown once we properly account for the other side of the balance sheet. Canadian households have taken on more ...