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1. COVID-19 isn’t the only reason for our mega-deficit

   Appeared in the Financial Post, July 8, 2020 Today, the Trudeau government presents a “snapshot” of federal finances that’s likely to blame this year’s historic federal deficit on COVID-19 and the recession. But that’s only part of the story. The federal ...

2. More bad news for federal finances—even worse if recession hits

   Appeared in the Brandon Sun, January 10, 2020 Before Christmas, the Trudeau government released its Economic and Fiscal Update, which demonstrated this government’s proclivity for marked increases in deficit-financed spending despite warning signs of a ...

3. 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 ...

4. Contrary to what the finance minister says, federal finances are vulnerable

   According to recent estimates, the government won’t achieve a balanced budget until 2045. ...

5. 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. ...