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Interest on federal debt—a growing problem
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21. ...
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The evolution of federal debt interest costs in Canada
The federal government has seemingly ditched the debt-averse approach that largely prevailed in Ottawa since the mid-1980s. ...
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Canadians pay the price for mounting government debt
Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21. ...
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Trudeau floats false rhetoric on ‘new’ taxes
Appeared in National Newswatch, September 3, 2020 Despite promising significant increases to already historically high spending, Prime Minister Trudeau recently pledged there will be no new taxes. This rhetoric is simply false. To pay for today’s spending ...
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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 ...
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The Impact of Higher Interest Rates on the Cost of Servicing Government Debt
An important fact to consider when assessing the medium-term fiscal plans announced by the federal and provincial governments is that interest rates are at historically low levels. A return to more normal levels would jeopardize promises for balanced ...