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1. Modern Monetary Theory remains a dangerous policy prescription in Canada and beyond

   Many economists warn about ballooning budget deficits and the potential for higher interest rates in the future. ...

2. Alberta’s woes threaten Canada’s finances from coast to coast

   Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province. ...

3. To fulfill Trudeau’s latest fiscal promise, spring budget must chart path to budget balance

   Prime Minister Trudeau’s end-of-year comments, where he committed to “absolutely” returning to a balanced budget post-COVID, will continue to ring hollow unless the spring budget includes decisive action. The pre-Christmas statement to ...

4. Trudeau government must chart credible plan to balance federal budget

   Appeared in the Ottawa Sun, January 13, 2021 In the late stages of 2020, Prime Minister Trudeau committed to “absolutely” balance the federal budget—at some point in the future. Of course, a balanced budget would halt the debt accumulation that started ...

5. Making sense of Canada’s $381.6 billion federal budget deficit

   The Trudeau government this week published its fall fiscal update for 2020. The headline-grabbing number emerging from the report was the government’s forecasted budget deficit for the year—$381.6 billion. As is often the case when it ...

6. Trudeau government’s approach to federal finances anything but ‘prudent’

   Appeared in the National Newswatch, December 2, 2020 Since coming to power in 2015, Prime Minister Trudeau —and his finance ministers —have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and ...

7. Trudeau government ignores implications of Canada’s aging population at our peril

   Appeared in the Toronto Sun, September 23, 2020 Today’s throne speech in Ottawa will likely include key aspects of the Trudeau government’s economic plan for next year and beyond. Big spending items such as “green” infrastructure, housing, childcare, a ...

8. Freeland takes over during massive federal spending spree

   It’s out with the old and in with the new in Ottawa as Chrystia Freeland replaces Bill Morneau as federal finance minister. Freeland takes over during a dramatic time in Canadian history, so it’s worth reviewing the history of federal ...

9. Trudeau government must tackle federal budget deficit

   Recent estimates indicate that Canada’s federal government will eclipse $250 billion this year, the highest nominal deficit on record. With new spending announcements coming regularly, it’s possible this number will be even greater. As ...

10. Deferring Federal Taxes: Illustrating the Deficit Using the GST

    It is sometimes difficult for everyday Canadians to grasp the size of the federal deficit— estimated at $26.6 billion for 2019-20—because of its sheer size. This bulletin, along with subsequent planned instalments, aims to give Canadians that ...