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Federal ‘stimulus’ spending will likely arrive late with minimal benefits
The government says $101 billion in stimulus spending is required for “sustained economic recovery.” ...
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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. ...
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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 ...
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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 ...
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What would Chrétien’s budget rules have meant for Trudeau: Part 2
After successive years of higher-than-promised federal deficits and record levels of per-person federal spending, the Trudeau government now finds itself less prepared to respond to the COVID-19 pandemic. This blog post estimates where ...
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Federal budget continues the spending spree
In this year’s federal budget, Finance Minister Bill Morneau confirmed the government is more than happy to continue down a risky path of deficit-financed spending. Once again, the government opted to throw money in every direction rather ...
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The Trudeau and Ford governments—two fiscal statements, one debt problem
Appeared in the National Newswatch, November 14, 2018 Both the Ford government in Ontario and the Trudeau government in Ottawa will release their fall fiscal and economic statements this month. Despite a tendency to compartmentalize these separate events, ...
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Trudeau government employs spend it if you have it (and more) fiscal policy
Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015. ...
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Another broken promise—federal government ditches latest fiscal pledge
By 2019/20, Canada’s debt-to-GDP ratio is forecasted to be 31.5 per cent. ...
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Budget 2017 spells end of the Chrétien Consensus?
Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased. ...